Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-15-26	Initiated	Wedbush	Neutral	$230 → $99
May-29-26	Downgrade	Jefferies	Buy → Hold	$237 → $110
May-08-26	Reiterated	Morgan Stanley	Equal Weight	$148 → $112
May-08-26	Reiterated	Truist Financial		$146 → $112
May-08-26	Downgrade	Goldman Sachs	Buy → Neutral	$235 → $110
May-05-26	Reiterated	Morgan Stanley	Equal Weight	$160 → $148
May-04-26	Reiterated	Guggenheim	Buy	$350 → $200
May-04-26	Reiterated	Susquehanna	Positive	$300 → $167
Feb-20-26	Reiterated	Truist Financial		$220 → $146
Feb-20-26	Reiterated	Morgan Stanley	Equal Weight	$175 → $160

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	5,555	5,457	4,728	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	4,006	4,008	3,277
Gross Profit	1,550	1,449	1,450
Selling, General and Administrative Excl. Other	939	929	816
Research and Development	0	0	0
Other Operating Expense	62	-1	90
Operating Income	550	521	545
Interest Expense	0	0	0
Unusual Expense	—	—	—
Non-Operating Income (Expense)	18	16	-40
Net Income Before Taxes	533	506	584
Income Taxes	145	128	130
Consolidated Net Income	387	378	455
Net Income From Continuing Operations	387	378	455
Net Income	387	378	455
EPS (Recurring)	7.00	6.76	7.93
EPS (Basic, Before Extraordinaries)	7.00	6.76	7.93
EPS (Diluted)	6.97	6.72	7.84
EBITDA	679	630	712
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	11.00	30.49	—
Price To Sales Ratio	0.75	2.10	—
Gross Margin	27.90	26.55	30.67
Operating Margin	9.90	9.55	11.53
Net Margin	6.97	6.93	9.62
Shares Outstanding	54	56	57
Market Capitalization	4,139	11,473	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Solomon Lawrence F	SVP/Chief People Officer	Apr 30 '26	Buy	96.71	78	7,500	30,312	May 04 12:00 AM
Dvorkin Viktar	Chief Deliv Off, EVP, Americas	Apr 30 '26	Buy	96.71	78	7,500	44,237	May 04 12:00 AM
Fejes Balazs	CEO, President, Director	Apr 30 '26	Buy	96.71	78	7,500	48,692	May 04 12:00 AM
Rockwell Edward	SVP/Chief Legal Officer	Apr 30 '26	Buy	96.71	78	7,500	15,123	May 04 12:00 AM
Abrahams Gary C	VP, Corporate Controller, PAO	Apr 30 '26	Buy	96.71	78	7,500	3,784	May 04 12:00 AM
Peterson Jason D.	Chief Financial Officer	Apr 30 '26	Buy	96.71	78	7,500	44,385	May 04 12:00 AM
Dobkin Arkadiy	Executive Chairman	Mar 25 '26	Option Exercise	70.52	82,052	5,786,308	1,363,847	Mar 26 12:00 AM
Shnayder Boris	SVP/Co-Head of Global Business	Dec 10 '25	Option Exercise	70.52	10,000	705,200	20,645	Dec 11 12:00 AM
Shnayder Boris	SVP/Co-Head of Global Business	Dec 10 '25	Sale	207.00	5,000	1,035,000	15,645	Dec 11 12:00 AM
Shnayder Boris	SVP/Co-Head of Global Business	Aug 13 '18	Option Exercise	70.52	6,000	423,120	18,645	Dec 11 12:00 AM
Abrahams Gary C	VP, Corporate Controller, PAO	Nov 17 '25	Sale	179.29	600	107,574	2,720	Nov 17 12:00 AM
Dvorkin Viktar	SVP/Head of Global Delivery	Nov 13 '25	Sale	181.80	2,500	454,497	38,124	Nov 13 12:00 AM
Peterson Jason D.	Chief Financial Officer	Oct 31 '25	Buy	134.69	56	7,500	31,431	Nov 10 12:00 AM
Abrahams Gary C	VP, Corporate Controller, PAO	Oct 31 '25	Buy	134.69	56	7,500	3,320	Nov 10 12:00 AM
Rockwell Edward	SVP/General Counsel	Oct 31 '25	Buy	134.69	56	7,500	9,674	Nov 10 12:00 AM


Market Cap	4.58B	Forward P/E	5.39	EPS next Y	14.23	Insider Trans	0.16%	Shs Float	-	Perf Month	-23.75%


Enterprise Value	4.05B	PEG	-	EPS next Q	3.14	Inst Own	-	Short Float	-	Perf Quarter	-43.51%


Income	375.50M	P/S	0.86	EPS this Y	87.32%	Inst Trans	-	Short Ratio	-	Perf Half Y	-62.77%


Sales	5.56B	P/B	1.44	EPS next Y	8.98%	ROA	8.22%	Short Interest	-	Perf YTD	-62.59%


Book/sh	65.70	P/C	8.32	EPS next 5Y	9.02%	ROE	10.67%	52W High	222.53 -65.56%	Perf Year	-54.54%


Cash/sh	19.85	P/FCF	8.83	EPS past 3/5Y	-	ROIC	10.38%	52W Low	76.02 0.82%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	5.98	Sales past 3/5Y	4.19% 15.46%	Gross Margin	27.92%	Volatility	4.50% 3.75%	Perf 5Y	-


Dividend TTM	-	EV/Sales	0.73	EPS Y/Y TTM	52.68%	Oper. Margin	9.91%	ATR (14)	5.61	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	2.67	Sales Y/Y TTM	17.49%	Profit Margin	6.96%	RSI (14)	23.18	Recom	2.63


Dividend Gr. 3/5Y	-	Current Ratio	2.67	EPS Q/Q	18.67%	SMA20	-20.99%	Beta	0.87	Target Price	144.63


Payout	0.00%	Debt/Eq	0.08	Sales Q/Q	7.53%	SMA50	-28.09%	Rel Volume	2.86	Prev Close	87.70


Employees	61,200	LT Debt/Eq	0.03	Earnings	Aug 06	SMA200	-50.55%	Avg Volume	1.96M	Price	76.64


IPO Date	Feb 08, 2012	Option/Short	Yes / Yes	EPS/Sales Surpr.	4.00% 0.43%	Net Debt/EBITDA	-1.10	Volume	5,609,498	Change	-12.61%

EPAM