Time-&-Materials was EPAM Systems’s largest segment in fiscal 2025, bringing in $2.61B of $3.20B (82%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Time-&-Materials | — | $2.46B | $2.42B | $2.61B | ||
| Time-&-Material | $2.62B | — | — | — | ||
| Fixed-Price | $269.67M | $291.17M | $419.36M | $534.05M | ||
| Licensing & Other Revenues | $44.39M | $53.10M | $53.18M | $53.15M | ||
| Total | $2.93B | $2.80B | $2.90B | $3.20B |
EPAM Systems brought in $3.20B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 10.3% from $2.90B in fiscal 2024. Time-&-Materials was the largest at $2.61B (81.6%), ahead of Fixed-Price at $534.05M (16.7%) and Licensing & Other Revenues at $53.15M (1.7%).
Compared with fiscal 2024, Fixed-Price grew 27.3% to $534.05M and Time-&-Materials grew 7.6% to $2.61B.
EPAM Systems began breaking out Time-&-Materials in fiscal 2023, when it brought in $2.46B. EPAM Systems stopped reporting Time-&-Material as a separate segment after fiscal 2022, when it brought in $2.62B.
North America was EPAM Systems’s largest segment in fiscal 2018, bringing in $1.10B of $1.75B (63%).
| Business Segments | FY 2010 | FY 2012 | FY 2013 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|
| North America | — | — | $1.10B | |||
| Europe | — | — | $596.56M | |||
| United States | $611.39M | $783.56M | — | |||
| United Kingdom | $177.19M | $189.00M | — | |||
| Switzerland | $122.92M | $123.28M | — | |||
| Apac | — | — | $49.84M | |||
| Russia | $40.94M | $61.22M | — | |||
| Other | $87.35M | $124.54M | — | |||
| Other Countries | — | — | — | |||
| Canada | $59.19M | $57.13M | — | |||
| Germany | $43.62M | $60.16M | — | |||
| Netherlands | $17.52M | $51.56M | — | |||
| Kazakhstan | — | — | — | |||
| Sweden | — | — | — | |||
| Ukraine | — | — | — | |||
| Ireland | — | — | — | |||
| Total | $1.16B | $1.45B | $1.75B |
EPAM Systems brought in $1.75B from its three segments in fiscal 2018, the year ended December 31, 2018. EPAM Systems regrouped these segments after fiscal 2017, so the total does not compare directly with that year's $1.45B. North America was the largest at $1.10B (63.0%), ahead of Europe at $596.56M (34.2%) and Apac at $49.84M (2.9%).
EPAM Systems began breaking out North America in fiscal 2018 and Apac in fiscal 2018. EPAM Systems stopped reporting United States ($783.56M in fiscal 2017), United Kingdom ($189.00M in fiscal 2017), Other ($124.54M in fiscal 2017) and five others as separate segments.
Financial Services was EPAM Systems’s largest revenue line in fiscal 2018, bringing in $424.95M of $983.88M (43%).
| Equity Securities By Industry | FY 2018 |
|---|---|
| Financial Services | $424.95M |
| Travel &Amp; Consumer | $208.45M |
| Emerging Verticals | $178.75M |
| Life Sciences &Amp; Healthcare | $171.73M |
| Total | $983.88M |
EPAM Systems brought in $983.88M from its four revenue lines in fiscal 2018, the year ended December 31, 2018. That is less than the $1.75B it reports by business segments, so these revenue lines do not cover all of its revenue. Financial Services was the largest at $424.95M (43.2%), ahead of Travel &Amp; Consumer at $208.45M (21.2%) and Emerging Verticals at $178.75M (18.2%). The remaining revenue line, Life Sciences &Amp; Healthcare, brought in $171.73M.
EPAM Systems (EPAM) reports its revenue by segment, by business segments and by equity securities by industry. In fiscal 2025, Time-&-Materials was its largest segment, bringing in $2.61B (81.6% of the total), followed by Fixed-Price at $534.05M (16.7%).
Time-&-Materials was EPAM Systems' largest segment in fiscal 2025, bringing in $2.61B, or 81.6% of the $3.20B total across its three segments.
Financial Services was EPAM Systems' largest revenue line in fiscal 2018, bringing in $424.95M, or 43.2% of the $983.88M total across its four revenue lines.
Fixed-Price grew faster than Time-&-Materials in fiscal 2025, up 27.3% from $419.36M to $534.05M. Time-&-Materials grew 7.6% to $2.61B.
Every figure comes from EPAM Systems' annual financial filings, as reported. Each line keeps the name EPAM Systems gives it, and years follow its fiscal calendar.
EPAM Systems' revenue by segment goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.