EPAM Systems (EPAM) Revenue & Revenue Breakdown


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EPAM Systems Revenue Highlights


Latest Revenue (Y)

$4.69B

Latest Revenue (Q)

$1.15B

Main Segment (Y)

North America Segment

Main Geography (Y)

UNITED STATES

EPAM Systems Revenue by Period


EPAM Systems Revenue by Year

DateRevenueChange
2023-12-31$4.69B-2.78%
2022-12-31$4.82B28.38%
2021-12-31$3.76B41.31%
2020-12-31$2.66B15.94%
2019-12-31$2.29B24.47%
2018-12-31$1.84B27.06%
2017-12-31$1.45B25.02%
2016-12-31$1.16B26.91%
2015-12-31$914.13M25.22%
2014-12-31$730.03M31.51%
2013-12-31$555.12M27.97%
2012-12-31$433.80M29.67%
2011-12-31$334.53M50.81%
2010-12-31$221.82M47.94%
2009-12-31$149.94M-

EPAM Systems generated $4.69B in revenue during NA 2023, up -2.78% compared to the previous quarter, and up 254.52% compared to the same period a year ago.

EPAM Systems Revenue by Quarter

DateRevenueChange
2024-06-30$1.15B-1.62%
2024-03-31$1.17B0.71%
2023-12-31$1.16B0.44%
2023-09-30$1.15B-1.54%
2023-06-30$1.17B-3.36%
2023-03-31$1.21B-1.65%
2022-12-31$1.23B0.36%
2022-09-30$1.23B2.68%
2022-06-30$1.19B1.98%
2022-03-31$1.17B5.79%
2021-12-31$1.11B12.03%
2021-09-30$988.54M12.16%
2021-06-30$881.37M12.88%
2021-03-31$780.77M7.92%
2020-12-31$723.49M10.92%
2020-09-30$652.24M3.14%
2020-06-30$632.38M-2.91%
2020-03-31$651.36M2.94%
2019-12-31$632.77M7.60%
2019-09-30$588.10M6.62%
2019-06-30$551.59M5.80%
2019-03-31$521.33M3.25%
2018-12-31$504.93M7.85%
2018-09-30$468.19M5.06%
2018-06-30$445.65M5.07%
2018-03-31$424.15M6.22%
2017-12-31$399.30M5.77%
2017-09-30$377.52M8.18%
2017-06-30$348.98M7.49%
2017-03-31$324.65M3.55%
2016-12-31$313.52M5.11%
2016-09-30$298.29M5.09%
2016-06-30$283.83M7.32%
2016-03-31$264.48M1.62%
2015-12-31$260.25M10.25%
2015-09-30$236.05M8.39%
2015-06-30$217.78M8.87%
2015-03-31$200.04M-1.06%
2014-12-31$202.18M4.89%
2014-09-30$192.76M10.34%
2014-06-30$174.69M8.92%
2014-03-31$160.38M1.78%
2013-12-31$157.59M12.44%
2013-09-30$140.15M5.23%
2013-06-30$133.18M7.24%
2013-03-31$124.20M-1.07%
2012-12-31$125.54M14.04%
2012-09-30$110.08M6.05%
2012-06-30$103.80M9.98%
2012-03-31$94.38M-0.78%
2011-12-31$95.13M10.07%
2011-09-30$86.42M7.79%
2011-06-30$80.18M10.13%
2011-03-31$72.80M2.87%
2010-12-31$70.77M19.81%
2010-09-30$59.07M18.21%
2010-06-30$49.97M18.96%
2010-03-31$42.01M-

EPAM Systems generated $1.15B in revenue during Q2 2024, up -1.62% compared to the previous quarter, and up 94.69% compared to the same period a year ago.

EPAM Systems Revenue Breakdown


EPAM Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 20Dec 18
Russia Segment$110.35M-
Europe Segment$947.30M-
North America Segment$1.60B-
Operating Segments-$393.82M

EPAM Systems's latest annual revenue breakdown by segment (product or service), as of Dec 20: North America Segment (60.23%), Europe Segment (35.62%), and Russia Segment (4.15%).

Quarterly Revenue by Product

Product/ServiceMar 21Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18
Russia Segment$29.22M-------
Europe Segment$276.70M-------
North America Segment$474.85M-------
Operating Segments-$112.43M$107.11M$104.33M$99.78M$101.22M$445.98M$424.32M
Segment Reconciling Items--------

EPAM Systems's latest quarterly revenue breakdown by segment (product or service), as of Mar 21: North America Segment (60.82%), Europe Segment (35.44%), and Russia Segment (3.74%).

EPAM Systems Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
CANADA$97.98M$114.91M$96.65M$68.42M$68.30M
UNITED STATES$2.63B$2.76B$2.13B$1.52B$1.32B
SWITZERLAND$367.12M$323.42M$271.21M$203.39M$152.71M
Other Countries$578.46M$564.06M$366.32M$228.30M$200.21M
NETHERLANDS$236.29M$215.44M$154.82M$114.68M$88.49M
GERMANY$178.49M$161.76M$113.73M$84.90M$82.44M

EPAM Systems's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (64.36%), Other Countries (14.14%), SWITZERLAND (8.97%), NETHERLANDS (5.77%), GERMANY (4.36%), and CANADA (2.39%).

Quarterly Revenue by Country

CountryMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
SWITZERLAND$98.44M$96.26M$91.50M$89.50M$89.86M$86.18M$76.19M$79.23M$81.83M$73.19M$66.66M$63.79M$67.57M$59.23M$50.40M$46.54M$47.22M$42.33M$38.78M$35.36M
CANADA$22.62M$21.86M$21.81M$26.48M$27.83M$26.93M$29.14M$31.81M$27.03M$24.51M$25.84M$24.45M$21.84M$15.69M$18.22M$16.59M$17.92M$17.96M$17.58M$15.79M
GERMANY$50.46M$45.89M$44.84M$45.03M$42.73M$45.38M$40.12M$39.87M$36.39M$34.67M$31.29M$25.74M$22.02M$22.74M$22.17M$19.80M$20.19M$22.73M$20.94M$19.62M
NETHERLANDS$51.67M$59.76M$59.02M$58.41M$59.10M$57.39M$57.00M$50.88M$50.18M$45.48M$39.61M$36.70M$33.03M$32.70M$28.83M$27.24M$25.91M$24.67M$22.16M$21.04M
Other Countries$139.22M$144.93M$139.94M$142.81M$150.78M$149.93M$140.46M$138.40M$135.27M$127.39M$92.08M$79.68M$67.17M$61.09M$55.78M$55.50M$55.93M$54.70M$49.18M$49.29M
UNITED STATES$667.15M$651.91M$652.76M$649.62M$679.44M$701.76M$715.31M$686.95M$657.03M$610.66M$564.12M$502.50M$448.02M$417.27M$371.37M$365.00M$370.09M$362.19M$340.80M$318.99M
Asia Pacific-----------------$15.20M$13.89M-
EMEA-----------------$206.70M$189.31M-
North America-----------------$380.17M$358.40M-

EPAM Systems's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (64.80%), Other Countries (13.52%), SWITZERLAND (9.56%), NETHERLANDS (5.02%), GERMANY (4.90%), and CANADA (2.20%).

EPAM Systems Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
ACNAccenture$64.90B$16.47B
IBMInternational Business Machines$61.86B$14.97B
CDWCDW$21.38B$5.52B
CTSHCognizant Technology Solutions$19.35B$5.04B
FISVFiserv$19.09B$5.21B
INFYInfosys$18.56B$4.57B
LDOSLeidos$15.44B$4.19B
CACICACI$7.66B$2.06B
CNXCConcentrix$7.11B$2.39B
BRBroadridge Financial Solutions$6.51B$1.73B
ITGartner$5.91B$1.60B
EPAMEPAM Systems$4.69B$1.15B
ASGNASGN$4.45B$1.03B
CLVTClarivate$2.63B$650.30M
EXLSExlService$1.63B$472.07M
TWKSThoughtworks$1.13B$251.67M

EPAM Revenue FAQ


EPAM Systems's yearly revenue for 2023 was $4.69B, representing a decrease of -2.78% compared to 2022. The company's yearly revenue for 2022 was $4.82B, representing an increase of 28.38% compared to 2021. EPAM's yearly revenue for 2021 was $3.76B, representing an increase of 41.31% compared to 2020.

EPAM Systems's quarterly revenue for Q2 2024 was $1.15B, a -1.62% decrease from the previous quarter (Q1 2024), and a -2.02% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.17B, a 0.71% increase from the previous quarter (Q4 2023), and a -3.76% decrease year-over-year (Q1 2023). EPAM's quarterly revenue for Q4 2023 was $1.16B, a 0.44% increase from the previous quarter (Q3 2023), and a -6.01% decrease year-over-year (Q4 2022).

EPAM Systems's revenue growth rate for the last 3 years (2021-2023) was 24.81%, and for the last 5 years (2019-2023) was 104.49%.

EPAM Systems's revenue streams in c 20 are Russia Segment, Europe Segment, and North America Segment. Russia Segment generated $110.35M in revenue, accounting 4.15% of the company's total revenue Europe Segment generated $947.3M in revenue, accounting 35.62% of the company's total revenue North America Segment generated $1.6B in revenue, accounting 60.23% of the company's total revenue

For the fiscal year ending Dec 20, the largest source of revenue of EPAM Systems was North America Segment. This segment made a revenue of $1.6B, representing 60.23% of the company's total revenue.