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Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus and market demand.
Financial Services and Emerging Verticals have emerged as the primary growth engines since late‑2024, mirroring management’s AI‑native momentum and larger multi‑year deal pipeline; Software & Hi‑Tech is recovering too, while Consumer Goods/Retail/Travel and Business Information remain flatter and more cyclical. That mix shift supports the recent margin improvement but concentrates upside in a handful of large AI deals—so timing, conversion risk and working‑capital pressure (higher DSO, recent negative cash flow) are the biggest near‑term risks to revenue realization.
EPAM Revenue by Segment
| Date | Financial Services | Consumer Goods Retail and Travel | Software and Hi tech | Business Information and Media | Life Sciences and Healthcare | Emerging Verticals |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | $366.19M | $274.25M | $202.01M | $166.73M | $169.08M | $236.50M |
| Mar 31, 2026 | $350.20M | $273.88M | $210.72M | $165.38M | $164.13M | $235.75M |
| Dec 31, 2025 | $336.40M | $277.90M | $214.90M | $171.10M | $154.91M | $252.20M |
| Sep 30, 2025 | $337.80M | $276.03M | $212.16M | $167.63M | $159.19M | $241.56M |
| Jun 30, 2025 | $328.30M | $268.00M | $204.70M | $170.40M | $156.50M | $225.50M |
| Mar 31, 2025 | $314.00M | $255.50M | $190.10M | $166.50M | $155.00M | $220.60M |
| Dec 31, 2024 | $280.90M | $250.60M | $182.00M | $171.10M | $152.00M | $211.80M |
| Sep 30, 2024 | $254.60M | $251.10M | $178.10M | $167.40M | $142.30M | $174.00M |
| Jun 30, 2024 | $244.40M | $252.30M | $168.80M | $165.80M | $140.10M | $175.20M |
| Mar 31, 2024 | $242.80M | $259.10M | $173.50M | $170.30M | $140.20M | $179.60M |
| Dec 31, 2023 | $242.30M | $258.20M | $169.00M | $178.00M | $140.10M | $169.70M |
| Sep 30, 2023 | $246.40M | $263.00M | $174.30M | $183.90M | $124.20M | $160.30M |
| Jun 30, 2023 | $259.00M | $273.50M | $175.20M | $189.70M | $114.40M | $158.40M |
| Mar 31, 2023 | $270.70M | $278.30M | $189.20M | $202.40M | $111.10M | $159.10M |
| Dec 31, 2022 | $260.90M | $270.20M | $203.00M | $208.90M | $125.40M | $162.90M |
| Sep 30, 2022 | $254.70M | $280.40M | $205.40M | $208.90M | $129.70M | $147.80M |
| Jun 30, 2022 | $251.00M | $276.30M | $195.30M | $197.90M | $128.50M | $145.90M |
| Mar 31, 2022 | $260.10M | $265.30M | $189.50M | $194.30M | $123.80M | $138.60M |
| Dec 31, 2021 | $254.70M | $233.00M | $184.00M | $188.40M | $112.40M | $134.90M |
| Sep 30, 2021 | $230.90M | $197.50M | $174.30M | $173.00M | $96.10M | $116.70M |
| Jun 30, 2021 | $193.90M | $171.50M | $159.20M | $157.90M | $91.70M | $107.20M |
| Mar 31, 2021 | $168.90M | $139.00M | $147.10M | $147.70M | $91.10M | $87.00M |