Company / Cost of Revenue
EPAM Systems Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$3.9B
FY2025
5-year range
$1.5B / $3.9B
FY2021-FY2025
Trend
+18.5%
vs FY2024
Sector context
#41 of 275
Information Technology
What the data says
EPAM Systems's cost of revenue of $3.9B is higher than 85% of companies in the Information Technology sector (FY2025). Cost of Revenue has increased for 4 consecutive years, from $1.5B in FY2021 to $3.9B in FY2025.
Based on SEC 10-K filings.
$3.9B in FY2025 with a 5-year CAGR of +17.5%. Top quartile in the Information Technology sector.
Increased from $2.5B to $3.9B over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +30.9%
- 5-Year CAGR
- +17.5%
- 10-Year CAGR
- -
Sector benchmark
-2.6% below sector average
Key checks
Key Insights
- EPAM Systems's cost of revenue has grown for 4 consecutive years.
- 5-year CAGR of +17.5%, indicating consistent growth.
- In FY2025, cost of revenue increased 18.5% year-over-year.
- Ranks #41 out of 275 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 3.32 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.9B | +18.5% |
| FY2024 | $3.3B | +32.0% |
| FY2023 | $2.5B | +43.4% |
| FY2022 | $1.7B | +16.4% |
| FY2021 | $1.5B | -14.1% |
| FY2020 | $1.7B | +16.4% |
| FY2019 | $1.5B | +25.4% |
| FY2018 | $1.2B | +28.8% |
| FY2017 | $921.4M | +25.0% |
| FY2016 | $737.2M | +30.0% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026