How EPAM Systems makes money

Period

FY2025

How does EPAM Systems make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

EPAM Systems · FY2025 · year ended 2025-12-31

Revenue$5.5BGross profit$1.6B · 29%Cost of revenue$3.9B · 71%Operating income$520M · 10%Operating expenses$1.1B · 19%SG&A$929M · 17%Other opex$125M · 2%Net income$378M · 7%Income tax$128M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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