EPAM Systems has retired 10.8% of its shares since 2023, from 57,827,498 to 51,586,981.
At $122.19 a share, a market value of $6.3B. FCF yield 7.7%, P/E 15.7, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 2012 | 2013-03-01 | 44,903,909 | 10-K | |
| 2013 | 2014-03-01 | 46,848,703 | 10-K | |
| 2014 | 2015-02-24 | 48,858,032 | 10-K | |
| 2015 | 2016-02-10 | 50,370,482 | 10-K | |
| 2016 | 2017-02-10 | 51,184,697 | 10-K | |
| 2017 | 2018-02-12 | 53,039,832 | 10-K | |
| 2018 | 2019-02-12 | 54,177,444 | 10-K | |
| 2019 | 2020-02-12 | 55,259,184 | 10-K | |
| 2020 | 2021-02-12 | 56,179,461 | 10-K | |
| 2021 | 2022-02-11 | 56,878,539 | 10-K | |
| 2022 | 2023-02-10 | 57,677,992 | 10-K | |
| 2023 | 2024-02-09 | 57,827,498 | 10-K | |
| 2024 | 2025-02-10 | 56,888,128 | 10-K | |
| 2025 | 2026-02-10 | 54,139,969 | 10-K |
Source: all 10-K filings of EPAM Systems on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $122.19.
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Yes. EPAM Systems has 6.6% fewer shares outstanding than twelve months ago, 51,586,981 as of July 31, 2026. Over five years the share count is down 9.0%.
Net of every new share it issued, EPAM Systems has 6.2 million fewer shares than at its 2023 peak. That is 10.8% of the company. Since fiscal 2024 alone it bought back about 5.4 million shares, while the count fell by 5.3 million. The difference went to employees and other new shares.
51,586,981 shares, as of July 31, 2026, from the cover page of its latest 10-Q. At the 2023 peak it had 57,827,498.
Each share is a bigger slice of the company. Someone who held EPAM Systems stock in 2023 owns 1.1 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
EPAM Systems ranks No. 462 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Stanley Black & Decker (10.9%), Ufp Industries (10.9%), Mfa Financial (10.8%), Eog Resources (10.8%).
Every answer is computed from EPAM Systems' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
The numbers say what happened. The story says whether it can continue. We cover companies like EPAM Systems in depth on Cannibal Stocks.
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