Metrics
The numbers behind EPAM Systems, Inc.: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ thousands unless noted.
Reading notes: All figures are as printed in EPAM's SEC filings, in thousands of US dollars (statements are captioned "In thousands, except per share data"). Revenue by Industry Vertical is the consolidated column of the segment-reconciliation disaggregation note; each year is cited to that year's own Form 10-K. The 'Consumer Goods, Retail and Travel' vertical was labeled 'Travel Consumer' in the FY2021–FY2023 filings (identical amounts); the current label is used for the row. FY2019 and FY2020 long-term figures are cited to the comparative columns of the FY2021 Form 10-K; FY2016–FY2018 are from the standardized SEC XBRL data feed and are shown without page links. Quarterly cash-flow single quarters are derived from the printed year-to-date 10-Q statements and reconcile exactly to data/financials/cash_flow_quarterly.json. Q4 FY25 is omitted because the fiscal-year 10-K does not print a standalone fourth-quarter income statement.
Share Price — Full Available History — 14 Years
The stock closed at $86.38 on Jul 13, 2026 — up 517% over the window shown (+13.4% a year), trading between $13.40 and $717.49. At that close the stock trades at 13× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 3,626 source observations, Feb 2012–Jul 2026. Price return only, excludes dividends. Note: the series shows a 46% single-day move around 2022-02-28 that may be an unadjusted corporate action — no split record was available to verify.
FY2025 at a Glance
Revenue (US$ thousands)
Net income (US$ thousands)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Industry Vertical
| Revenue by Industry Vertical | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Financial Services | 848,370 | 1,026,686 | 1,018,433 | 1,022,617 | 1,316,487 |
| Consumer Goods, Retail and Travel | 741,128 | 1,092,224 | 1,072,950 | 1,013,138 | 1,077,513 |
| Software and Hi-Tech | 664,597 | 793,261 | 707,720 | 702,367 | 821,819 |
| Business Information and Media | 666,941 | 809,952 | 753,981 | 674,597 | 675,667 |
| Life Sciences and Healthcare | 391,309 | 507,367 | 489,914 | 574,605 | 625,607 |
| Emerging Verticals | 445,799 | 595,208 | 647,542 | 740,616 | 939,963 |
| Total revenues | 3,758,144 | 4,824,698 | 4,690,540 | 4,727,940 | 5,457,056 |
| Total revenues growth, derived | — | +28.4% | -2.8% | +0.8% | +15.4% |
Source: Note 19 Segment Information — disaggregation of revenues by industry vertical (consolidated); labels shown as reported in the FY2025 Form 10-K [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Income [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-14. Estimate figures link to the consensus source, not to filing pages.
Balance Sheet
Source: Consolidated Balance Sheets [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.
Workforce Delivery Operations
| Workforce Delivery Operations | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total employees | 58,824 | 59,300 | 53,150 | 61,200 | 62,850 |
| Delivery professionals | 52,617 | 52,850 | 47,350 | 55,100 | 56,600 |
| Delivery professional utilization rate | 78.7% | 75.8% | 74.3% | 76.7% | 76.8% |
| Voluntary attrition rate | 13.3% | 13.8% | 8.6% | 8.9% | 8.5% |
Source: company filings [17] [18] [19] [20]. Click any linked figure to open the filing page with the row highlighted.
Client Concentration
| Client Concentration | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Top five clients (revenue) | — | 793,603 | 780,606 | 748,324 | 746,169 |
| Top ten clients (revenue) | — | 1,149,966 | 1,109,033 | 1,107,647 | 1,180,007 |
| Top twenty clients (revenue) | — | 1,698,916 | 1,660,174 | 1,615,267 | 1,742,670 |
| Clients below top twenty (revenue) | — | 3,125,782 | 3,030,366 | 3,112,673 | 3,714,386 |
Source: company filings [21] [22]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Client Location
| Revenue by Client Location | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Americas | 2,226,830 | 2,887,204 | 2,742,662 | 2,834,704 | 3,200,924 |
| EMEA | 1,259,717 | 1,737,919 | 1,822,782 | 1,793,198 | 2,147,304 |
| APAC | 103,559 | 120,370 | 102,138 | 100,038 | 108,828 |
| CEE (folded into EMEA from FY2024) | 168,038 | 79,205 | 22,958 | — | — |
Source: company filings [21] [22] [23] [24]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Income from operations | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|---|
| FY2016 | 1,160,132 | 133,696 | 99,266 | 1.87 | 167,217 |
| FY2017 | 1,450,448 | 172,946 | 72,760 | 1.32 | 192,820 |
| FY2018 | 1,842,912 | 245,764 | 240,256 | 4.24 | 292,218 |
| FY2019 | 2,293,798 | 302,850 | 261,057 | 4.53 | 287,453 |
| FY2020 | 2,659,478 | 379,324 | 327,160 | 5.60 | 544,407 |
| FY2021 | 3,758,144 | 542,316 | 481,652 | 8.15 | 572,327 |
| FY2022 | 4,824,698 | 572,966 | 419,416 | 7.09 | 464,104 |
| FY2023 | 4,690,540 | 501,239 | 417,083 | 7.06 | 562,634 |
| FY2024 | 4,727,940 | 544,584 | 454,533 | 7.84 | 559,168 |
| FY2025 | 5,457,056 | 520,003 | 377,678 | 6.72 | 654,934 |
Source: consolidated statements across filings; older years from the standardized feed [13] [1] [14] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Delivery professionals | 52,600 | 52,850 | 47,350 | 55,100 | 56,600 |
| Total employees | 58,800 | 59,300 | 53,150 | 61,200 | 62,850 |
Source: company-reported operating metrics [18] [25]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Current price
Mean target
Median target
High target
Low target
Estimate source: Yahoo Finance analyst consensus, as of 2026-07-14. Estimate figures link to the consensus source, not to filing pages.
Traceability
341 of 356 figures on this page (96%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All figures are as printed in EPAM's SEC filings, in thousands of US dollars (statements are captioned "In thousands, except per share data").
Revenue by Industry Vertical is the consolidated column of the segment-reconciliation disaggregation note; each year is cited to that year's own Form 10-K. The 'Consumer Goods, Retail and Travel' vertical was labeled 'Travel Consumer' in the FY2021–FY2023 filings (identical amounts); the current label is used for the row.
FY2019 and FY2020 long-term figures are cited to the comparative columns of the FY2021 Form 10-K; FY2016–FY2018 are from the standardized SEC XBRL data feed and are shown without page links.
Quarterly cash-flow single quarters are derived from the printed year-to-date 10-Q statements and reconcile exactly to data/financials/cash_flow_quarterly.json. Q4 FY25 is omitted because the fiscal-year 10-K does not print a standalone fourth-quarter income statement.
EPAM pays no dividend; no dividend line is shown.