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EPAM Systems

Engineering-led digital platform and software services firm

Overview

EPAM Systems is a US-listed software engineering and digital platform services company headquartered in Newtown, Pennsylvania. It describes itself as having more than thirty years of experience in custom software, product and platform engineering. For calendar 2025 the company reported revenue of US$5.457 billion, up 15.4% year on year, although organic growth at constant currency was a much lower 4.9%, the difference being largely acquired revenue.[1] At 31 December 2025 it employed about 62,850 people, of whom roughly 56,600 were delivery professionals, a 2.7% increase on a year earlier.[1] That headcount is more than double that of any other firm in this list. GAAP operating income fell 4.5% to US$520.0 million in 2025 while non-GAAP operating income rose 6.7%, and management guided to 4.5%–7.5% revenue growth for 2026.[1] EPAM’s scale makes it a common choice for multi-year engineering programmes at large enterprises, and its delivery network was historically concentrated in Central and Eastern Europe.

EPAM Systems strengths and limitations

Strengths

  • Audited financials and headcount published quarterly
  • Delivery capacity across several continents
  • Breadth beyond apps: data, cloud and platform engineering
  • Largest delivery bench in the list, with about 56,600 delivery professionals
  • Reported revenue growth of 15.4% in 2025
  • Large engineering bench (about 56,600 delivery professionals)

Limitations

  • Minimum engagement sizes suit large enterprises rather than start-ups
  • Organic constant-currency growth in 2025 was 4.9%, well below headline growth of 15.4%
  • Client names are not listed in the sources used here
  • Organic constant-currency growth was only 4.9% in 2025
  • GAAP operating income declined 4.5% in 2025
  • Much of 2025 growth came from acquisitions rather than organic expansion

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