To the full analysis
EPAM Systems stock: growth
EPAMEPAM Systems reported $5.46B in revenue for fiscal 2025, up 15.4% on the prior year, up 15.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
25.2%
per year from 2009 to 2025, per share 16.1%
Earnings (Annual rate)
23.1%
per year from 2009 to 2025, per share 23.5%
Free cash flow (Annual rate)
22.1%
per year from 2009 to 2025, per share 13.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2009 | |
|---|---|---|---|
| Revenue | 15.5% | 19.6% | 25.2% |
| Revenue per share | 15.4% | 17.9% | 16.1% |
| Earnings | 2.9% | 16.2% | 23.1% |
| Earnings per share | 2.9% | 14.6% | 23.5% |
| Free cash flow | 5.2% | 26.5% | 22.1% |
| Free cash flow per share | 5.1% | 24.8% | 13.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2009 | $149.94M | $13.53M | $25.06M |
| 2010 | $221.82M | $28.31M | $12.11M |
| 2011 | $334.53M | $44.35M | $37.43M |
| 2012 | $433.8M | $54.48M | $21.42M |
| 2013 | $555.12M | $61.99M | $42.31M |
| 2014 | $730.03M | $69.64M | $89.03M |
| 2015 | $914.13M | $84.46M | $58.43M |
| 2016 | $1.16B | $99.27M | $135.5M |
| 2017 | $1.45B | $72.76M | $165.56M |
| 2018 | $1.84B | $240.26M | $254.64M |
| 2019 | $2.29B | $261.06M | $188.15M |
| 2020 | $2.66B | $327.16M | $475.61M |
| 2021 | $3.76B | $481.65M | $460.83M |
| 2022 | $4.82B | $419.42M | $382.48M |
| 2023 | $4.69B | $417.08M | $534.22M |
| 2024 | $4.73B | $454.53M | $527.02M |
| 2025 | $5.46B | $377.68M | $612.69M |
Revenue by region
Where EPAM Systems, Inc. generates its revenue.
- United States52%
- United Kingdom11%
- Switzerland8%
- Germany4%
- Netherlands4%
- Other21%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| United States | $2.13B | $2.76B | $2.63B | $2.68B | $2.83B | 51.9% |
| United Kingdom | $474.94M | $619.31M | $585.17M | $523.37M | $597.32M | 10.9% |
| Switzerland | $271.21M | $323.42M | $367.12M | $407.85M | $438.5M | 8% |
| Germany | $113.73M | $161.76M | $178.49M | $206.13M | $233.43M | 4.3% |
| Netherlands | $154.82M | $215.44M | $236.29M | $188.58M | $229.79M | 4.2% |
| Other | $618.15M | $743.72M | $689.73M | $721.95M | $1.12B | 20.6% |
| Total revenue | $3.76B | $4.82B | $4.69B | $4.73B | $5.46B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 29 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.