EPAM Systems, Inc. (EPAM) Revenue History
Annual and quarterly revenue from 2009 to present
EPAM Revenue Over Time (2009–2025)
EPAM Revenue Growth History
15 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +47.9%
- FY2011 revenue growth
- +50.8%
- FY2012 revenue growth
- +29.7%
- FY2013 revenue growth
- +28.0%
- FY2014 revenue growth
- +31.5%
- FY2015 revenue growth
- +25.2%
- FY2016 revenue growth
- +26.9%
- FY2017 revenue growth
- +25.0%
- FY2018 revenue growth
- +27.1%
- FY2019 revenue growth
- +24.5%
- FY2020 revenue growth
- +15.9%
- FY2021 revenue growth
- +41.3%
- FY2022 revenue growth
- +28.4%
- FY2023 revenue growth
- -2.8%
- FY2024 revenue growth
- +0.8%
- FY2025 revenue growth
- +15.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.41B | +4.5% |
| Q1 2026 | $1.40B | +7.6% |
| Q4 2025 | $1.41B | +12.8% |
| Q3 2025 | $1.39B | +19.4% |
| Q2 2025 | $1.35B | +18.0% |
| Q1 2025 | $1.30B | +11.7% |
| Q4 2024 | $1.25B | +7.9% |
| Q3 2024 | $1.17B | +1.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
EPAM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
EPAM Revenue Analysis (2009–2025)
Current Revenue & Growth
As of September 23, 2026, EPAM Systems, Inc. (EPAM) generated trailing twelve-month (TTM) revenue of $5.62 billion, reflecting modest growth of +4.5% year-over-year. The most recent quarter (Q2 2026) recorded $1.41 billion in revenue, up 1.1% sequentially.
Historical Growth Trajectory
EPAM's 5-year compound annual growth rate (CAGR) stands at +15.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +4.2% is below the 5-year average, signalling a growth deceleration in recent years. EPAM Systems, Inc.'s highest annual revenue of $5.46 billion was recorded in 2025, an all-time high.
Revenue by Segment
EPAM's revenue is primarily driven by Financial Services Sector (36%), Other Sectors (25%), and Software And Hi-Tech Sector (22%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including GLOB (-1.3% YoY), CTSH (+5.6% YoY), and INFY (+4.1% YoY) — EPAM has outperformed the peer group in revenue growth. Compare EPAM vs GLOB →
EPAM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EPAMCurrent | $5.6B | +4.5% | +15.5% | 9.6% | |
 GLOB | $2.5B | -1.3% | +24.7% | 7.0% | |
 CTSH | $21.1B | +5.6% | +4.9% | 16.7% | |
 INFY | $20.2B | +4.1% | +8.3% | 20.3% | |
 WIT | $926.2B | +6.6% | +8.4% | 16.2% | |
 KFRC | $1.3B | -1.3% | -1.0% | 3.8% |
EPAM Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.46B | +15.4% | $1.45B | 26.5% | $521.2M | 9.6% |
| 2024 | $4.73B | +0.8% | $1.45B | 30.7% | $544.6M | 11.5% |
| 2023 | $4.69B | -2.8% | $1.43B | 30.6% | $501.2M | 10.7% |
| 2022 | $4.82B | +28.4% | $1.54B | 31.9% | $573.0M | 11.9% |
| 2021 | $3.76B | +41.3% | $1.27B | 33.9% | $542.3M | 14.4% |
| 2020 | $2.66B | +15.9% | $927.0M | 34.9% | $379.3M | 14.3% |
| 2019 | $2.29B | +24.5% | $805.6M | 35.1% | $302.9M | 13.2% |
| 2018 | $1.84B | +27.1% | $656.0M | 35.6% | $245.8M | 13.3% |
| 2017 | $1.45B | +25.0% | $529.1M | 36.5% | $172.9M | 11.9% |
| 2016 | $1.16B | +26.9% | $422.9M | 36.5% | $133.7M | 11.5% |
| 2015 | $914.1M | +25.2% | $347.2M | 38.0% | $106.0M | 11.6% |
| 2014 | $730.0M | +31.5% | $273.5M | 37.5% | $86.2M | 11.8% |
| 2013 | $555.1M | +28.0% | $207.5M | 37.4% | $76.5M | 13.8% |
| 2012 | $433.8M | +29.7% | $163.4M | 37.7% | $66.0M | 15.2% |
| 2011 | $334.5M | +50.8% | $129.2M | 38.6% | $55.0M | 16.4% |
EPAM Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
EPAM — Frequently Asked Questions
Quick answers to the most common questions about buying EPAM stock.
Is EPAM's revenue growth accelerating or slowing?
EPAM revenue growth is slowing. TTM revenue is $5.6B, up +4.5% year-over-year — below the 5-year CAGR of +15.5%. The deceleration suggests maturing end-markets or increased competition.
What is EPAM's revenue history from 2009 to 2026?
EPAM Systems, Inc. (EPAM) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $5.6B, growing at +4.5% YoY. The 5-year CAGR is +15.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is EPAM's long-term revenue growth rate (CAGR)?
EPAM Systems, Inc.'s 5-year revenue CAGR of +15.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for EPAM.
Why does EPAM's quarterly revenue fluctuate?
EPAM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. EPAM Systems, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is EPAM's revenue distributed by segment?
EPAM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does EPAM's revenue compare to industry peers?
EPAM Systems, Inc. (EPAM) with TTM revenue of $5.6B and +4.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.