EPAM Systems (EPAM) Revenue & Revenue Breakdown

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EPAM Systems Revenue Highlights

Latest Revenue (Y)

$4.69B

Latest Revenue (Q)

$1.17B

Main Segment (Y)

North America Segment

Main Geography (Y)

UNITED STATES

EPAM Systems Revenue by Period

EPAM Systems Revenue by Year

Date	Revenue	Change
2023-12-31	$4.69B	-2.78%
2022-12-31	$4.82B	28.38%
2021-12-31	$3.76B	41.31%
2020-12-31	$2.66B	15.94%
2019-12-31	$2.29B	24.47%
2018-12-31	$1.84B	27.06%
2017-12-31	$1.45B	25.02%
2016-12-31	$1.16B	26.91%
2015-12-31	$914.13M	25.22%
2014-12-31	$730.03M	31.51%
2013-12-31	$555.12M	27.97%
2012-12-31	$433.80M	29.67%
2011-12-31	$334.53M	50.81%
2010-12-31	$221.82M	47.94%
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

Date	Revenue	Change
2024-09-30	$1.17B	1.83%
2024-06-30	$1.15B	-1.62%
2024-03-31	$1.17B	0.71%
2023-12-31	$1.16B	0.44%
2023-09-30	$1.15B	-1.54%
2023-06-30	$1.17B	-3.36%
2023-03-31	$1.21B	-1.65%
2022-12-31	$1.23B	0.36%
2022-09-30	$1.23B	2.68%
2022-06-30	$1.19B	1.98%
2022-03-31	$1.17B	5.79%
2021-12-31	$1.11B	12.03%
2021-09-30	$988.54M	12.16%
2021-06-30	$881.37M	12.88%
2021-03-31	$780.77M	7.92%
2020-12-31	$723.49M	10.92%
2020-09-30	$652.24M	3.14%
2020-06-30	$632.38M	-2.91%
2020-03-31	$651.36M	2.94%
2019-12-31	$632.77M	7.60%
2019-09-30	$588.10M	6.62%
2019-06-30	$551.59M	5.80%
2019-03-31	$521.33M	3.25%
2018-12-31	$504.93M	7.85%
2018-09-30	$468.19M	5.06%
2018-06-30	$445.65M	5.07%
2018-03-31	$424.15M	6.22%
2017-12-31	$399.30M	5.77%
2017-09-30	$377.52M	8.18%
2017-06-30	$348.98M	7.49%
2017-03-31	$324.65M	3.55%
2016-12-31	$313.52M	5.11%
2016-09-30	$298.29M	5.09%
2016-06-30	$283.83M	7.32%
2016-03-31	$264.48M	1.62%
2015-12-31	$260.25M	10.25%
2015-09-30	$236.05M	8.39%
2015-06-30	$217.78M	8.87%
2015-03-31	$200.04M	-1.06%
2014-12-31	$202.18M	4.89%
2014-09-30	$192.76M	10.34%
2014-06-30	$174.69M	8.92%
2014-03-31	$160.38M	1.78%
2013-12-31	$157.59M	12.44%
2013-09-30	$140.15M	5.23%
2013-06-30	$133.18M	7.24%
2013-03-31	$124.20M	-1.07%
2012-12-31	$125.54M	14.04%
2012-09-30	$110.08M	6.05%
2012-06-30	$103.80M	9.98%
2012-03-31	$94.38M	-0.78%
2011-12-31	$95.13M	10.07%
2011-09-30	$86.42M	7.79%
2011-06-30	$80.18M	10.13%
2011-03-31	$72.80M	2.87%
2010-12-31	$70.77M	19.81%
2010-09-30	$59.07M	18.21%
2010-06-30	$49.97M	18.96%
2010-03-31	$42.01M	-

EPAM Systems generated $1.17B in revenue during Q3 2024, up 1.83% compared to the previous quarter, and up 99.77% compared to the same period a year ago.

EPAM Systems Revenue Breakdown

EPAM Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 20	Dec 18
Russia Segment	$110.35M	-
North America Segment	$1.60B	-
Europe Segment	$947.30M	-
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/Service	Sep 24	Mar 21	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Europe Segment	$462.91M	$276.70M	-	-	-	-	-	-	-
North America Segment	$704.61M	$474.85M	-	-	-	-	-	-	-
Russia Segment	-	$29.22M	-	-	-	-	-	-	-
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 Sep 24: North America Segment (60.35%), and Europe Segment (39.65%).

EPAM Systems Revenue Breakdown by Country

Annual Revenue by Country

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

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

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
SWITZERLAND	$104.27M	$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
UNITED STATES	$666.85M	$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
UNITED KINGDOM	$126.01M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CANADA	$22.01M	$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
NETHERLANDS	$45.82M	$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
GERMANY	$53.60M	$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
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
North America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$380.17M	$358.40M
EMEA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$206.70M	$189.31M
Asia Pacific	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$15.20M	$13.89M

EPAM Systems's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (65.47%), UNITED KINGDOM (12.37%), SWITZERLAND (10.24%), GERMANY (5.26%), NETHERLANDS (4.50%), and CANADA (2.16%).

EPAM Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ACN	Accenture	$64.90B	$16.47B
IBM	International Business Machines	$61.86B	$14.97B
CDW	CDW	$21.38B	$5.52B
CTSH	Cognizant Technology Solutions	$19.35B	$5.04B
FISV	Fiserv	$19.09B	$5.21B
INFY	Infosys	$18.56B	$4.57B
LDOS	Leidos	$15.44B	$4.19B
CACI	CACI	$7.66B	$2.06B
CNXC	Concentrix	$7.11B	$2.39B
BR	Broadridge Financial Solutions	$6.51B	$1.42B
IT	Gartner	$5.91B	$1.48B
EPAM	EPAM Systems	$4.69B	$1.17B
ASGN	ASGN	$4.45B	$1.03B
CLVT	Clarivate	$2.63B	$622.20M
EXLS	ExlService	$1.63B	$472.07M
TWKS	Thoughtworks	$1.13B	$251.67M

EPAM Revenue FAQ

What is EPAM Systems’s yearly revenue?

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.

What is EPAM Systems’s quarterly revenue?

EPAM Systems's quarterly revenue for Q3 2024 was $1.17B, a 1.83% increase from the previous quarter (Q2 2024), and a 1.34% increase year-over-year (Q3 2023). The company'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). EPAM'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).

What is EPAM Systems’s revenue growth rate?

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%.

What are EPAM Systems’s revenue streams?

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

What is EPAM Systems’s main source of 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.