Why did EPAM Systems (EPAM) stock move recently?

On 8/4/2026, EPAM Systems moved +4.5% — No clear company-specific catalyst supported by filings or today's credible coverage; EPAM shares rose ahead of its Q2 earnings release on August 6 amid broader market or sector moves. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is EPAM Systems (EPAM) overvalued or fairly valued?

MarketChacha shows EPAM Systems's valuation in context — a trailing P/E of about 18.8, a forward P/E of about 9.1, a price-to-book of about 1.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does EPAM Systems's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.42×) from reported figures — education, not a rating.

What is EPAM Systems's revenue?

EPAM Systems reported revenue of $5.5B for FY2025, with net profit of $377.7M, per official filings.

What is the share price of EPAM Systems (EPAM)?

EPAM Systems last traded at $130.68 (+6.9% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

EPAM Systems

EPAM · NASDAQ · Technology · United States

Snapshot

TickerEPAM

ExchangeNASDAQ

SectorTechnology

IndustryInformation Technology Services

CountryUnited States

Employees62,850

HeadquartersNewtown, United States

Websitewww.epam.com

Filings tracked18

About EPAM Systems

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; cloud services for creating a roadmap to set and refine IT and business goals while identifying new and emerging opportunities leveraging cloud technologies; data, analytics, and artificial intelligence; customer experience; marketing; and cybersecurity. It also offers operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers software product and platform development services, which comprise product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, managed services, as well as cross-platform migration and modernizing legacy platforms. The company has a collaboration with Wiz to help organizations turn cloud risk intelligence into continuous, AI-powered, and engineering-led remediation across complex multi-cloud environments. The company serves the financial services; consumer goods, retail, and travel; software and hi-tech; business information and media; life sciences and healthcare; and emerging vertical industries. EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania.

Who owns it

Insiders3.3%
Institutions96.7%
Public & other0.0%

650 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.87%
Ameriprise Financial, Inc.10.58%
Capital World Investors9.35%
Vanguard Portfolio Management LLC6.72%
Invesco Ltd.4.67%
Vanguard Capital Management LLC4.41%
State Street Corporation3.79%
Dimensional Fund Advisors LP3.20%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.42×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend8.9% → 6.9%

Margin has held broadly steady over the period — stable profitability.

Growth qualityrev 8% · PAT -5%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.4B · EPS 3.51

Est. earnings growth +7.8%

Next fiscal year

Rev $5.9B · EPS 14.02

Est. earnings growth +6.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$5.5B

Net margin

6.9%

ROE

10.3%

Revenue CAGR (2y)

+7.9%

Profit CAGR (2y)

-4.8%

EPS (FY2025)

6.72

Net profit (FY2025)

$377.7M

Ask MarketChacha about EPAM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Aug 4, 2026
No clear company-specific catalyst supported by filings or today's credible coverage; EPAM shares rose ahead of its Q2 earnings release on August 6 amid broader market or sector moves.
· confidence: low
Jul 28, 2026
EPAM rose sharply after announcing it joined the OpenAI Partner Network as an Advanced Partner to help global enterprises implement safer, scalable AI solutions, pairing OpenAI models with its engineering and expertise.
source 1 ↗source 2 ↗· confidence: high
Jul 24, 2026
No company-specific catalyst or filing was reported on July 24; the gain appears to reflect broader market or sector movement.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$5.5B	$377.7M	6.72	6.9%	10.3%
FY2024	$4.7B	$454.5M	7.84	9.6%	12.5%
FY2023	$4.7B	$417.1M	7.06	8.9%	12.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.4B	$103.0M	1.97	7.3%
2026Q1	$1.4B	$82.5M	1.52	5.9%
2025Q3	$1.4B	$106.8M	1.91	7.7%
2025Q2	$1.4B	$88.0M	1.56	6.5%
2025Q1	$1.3B	$73.5M	1.28	5.6%
2024Q3	$1.2B	$136.3M	2.37	11.7%
2024Q2	$1.1B	$98.6M	1.70	8.6%
2024Q1	$1.2B	$116.2M	1.97	10.0%
2023Q3	$1.2B	$97.2M	1.65	8.4%
2023Q2	$1.2B	$120.0M	2.03	10.3%
2023Q1	$1.2B	$102.3M	1.73	8.4%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/26/2026material
8-K — Results of operations, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026
8-K — Executive/director change, Exhibits
SEC4/1/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/12/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC3/5/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Exhibits
SEC2/19/2026material
8-K — Reg FD disclosure
SEC1/13/2026material

2025

8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Other events, Exhibits
SEC10/21/2025material
8-K — Material agreement, Termination of agreement, Material financial obligation, Exhibits
SEC10/6/2025material
8-K — Executive/director change, Bylaw/charter change, Exhibits
SEC9/2/2025material
8-K — Results of operations, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.