EPAM Systems Announces $300 Million Stock Repurchase

By Chris Stiles • Thursday, March 05 11:29 • Permanent Link

On March 5, 2026, EPAM Systems, Inc. (NYSE: EPAM) announced an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $300 million of its common stock. The company authorized the ASR under its existing $1.0 billion share repurchase authorization.

As per the terms of the ASR, EPAM will make a payment of $300 million to Morgan Stanley and receive an initial share delivery of 1,703,336 shares, valued at $240 million based on the closing price on March 4, 2026. The final number of shares to be repurchased under the ASR will be determined upon completion of the ASR, no later than the second quarter of 2026. This final number will generally be based on the volume-weighted average share price of the company’s common stock during the term of the ASR, less a discount, and subject to adjustments pursuant to the terms and conditions of the ASR.

After the ASR, the company will have $452.5 million of remaining availability under its current share repurchase authorization.

EPAM Systems, Inc. (NYSE: EPAM) is a leading digital and AI transformation company, specializing in AI transformation engineering and integrated consulting for Forbes Global 2000 companies and ambitious startups. With over thirty years of expertise in custom software, product, and platform engineering, the company empowers organizations to become AI-native enterprises, driving measurable value from innovation and digital investments. EPAM is recognized by industry benchmarks and leading analysts as a leader in AI and delivers globally while engaging locally.

This ASR signifies EPAM’s confidence in its long-term outlook and its ability to generate sustained growth through its robust engineering foundation and AI-native market leadership. The company views this action as a value-enhancing use of capital, believing that its current valuation does not fully reflect the strength and future potential of its business. The market has reacted to these announcements by moving the company's shares -1.22% to a price of $212.61. If you want to know more, read the company's complete 8-K report here.

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