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EPAM Systems vs Wipro: revenue, profit, margins and growth compared

EPAM Systems brought in $5.5B of revenue in fiscal 2025, Wipro $10.4B in fiscal 2025. Revenue changed by +15.4% at EPAM Systems and -3.2% at Wipro on the year before, so EPAM Systems grew faster. EPAM Systems kept 6.9% of its revenue as net profit, Wipro 14.7%. Free cash flow was $612.7M at EPAM Systems and $1.8B at Wipro.

Side by side, latest fiscal year

EPAMWIT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (March 31, 2025)
Revenue$5.5B$10.4B
Revenue growth+15.4%-3.2%
Net income$377.7M$1.5B
Net margin6.9%14.7%
Free cash flow$612.7M$1.8B
Free cash flow margin11.2%17.4%
Earnings per share (diluted)$6.72$0.14
Cash$1.3B$1.4B
Debt$25Mn/a
Price to earnings16.1n/a
Market value$5.6B$17.3B
Dividend yieldn/an/a
Rank by revenue in sector#85 of 530 · Technology#57 of 530 · Technology

Over the years

Revenue
EPAM FY2018: $1.8BEPAM FY2019: $2.3BEPAM FY2020: $2.7BEPAM FY2021: $3.8BEPAM FY2022: $4.8BEPAM FY2023: $4.7BEPAM FY2024: $4.7BEPAM FY2025: $5.5BWIT FY2018: $8.4BWIT FY2019: $8.5BWIT FY2020: $8.1BWIT FY2021: $8.5BWIT FY2022: $10.4BWIT FY2023: $11BWIT FY2024: $10.8BWIT FY2025: $10.4BFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $5.5BWIT $10.4B
Net income
EPAM FY2018: $240.3MEPAM FY2019: $261.1MEPAM FY2020: $327.2MEPAM FY2021: $481.7MEPAM FY2022: $419.4MEPAM FY2023: $417.1MEPAM FY2024: $454.5MEPAM FY2025: $377.7MWIT FY2018: $1.2BWIT FY2019: $1.3BWIT FY2020: $1.3BWIT FY2021: $1.5BWIT FY2022: $1.6BWIT FY2023: $1.4BWIT FY2024: $1.3BWIT FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $377.7MWIT $1.5B
Net margin
EPAM FY2018: 13.0%EPAM FY2019: 11.4%EPAM FY2020: 12.3%EPAM FY2021: 12.8%EPAM FY2022: 8.7%EPAM FY2023: 8.9%EPAM FY2024: 9.6%EPAM FY2025: 6.9%WIT FY2018: 14.7%WIT FY2019: 15.3%WIT FY2020: 15.9%WIT FY2021: 17.4%WIT FY2022: 15.4%WIT FY2023: 12.5%WIT FY2024: 12.3%WIT FY2025: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25
EPAM 6.9%WIT 14.7%
Revenue growth
EPAM FY2019: +24.5%EPAM FY2020: +15.9%EPAM FY2021: +41.3%EPAM FY2022: +28.4%EPAM FY2023: -2.8%EPAM FY2024: +0.8%EPAM FY2025: +15.4%WIT FY2019: +1.2%WIT FY2020: -4.5%WIT FY2021: +4.6%WIT FY2022: +23.1%WIT FY2023: +5.6%WIT FY2024: -2.2%WIT FY2025: -3.2%FY19FY20FY21FY22FY23FY24FY25
EPAM +15.4%WIT -3.2%
Free cash flow
EPAM FY2018: $254.6MEPAM FY2019: $188.1MEPAM FY2020: $475.6MEPAM FY2021: $460.8MEPAM FY2022: $382.5MEPAM FY2023: $534.2MEPAM FY2024: $527MEPAM FY2025: $612.7MWIT FY2018: $957MWIT FY2019: $1.4BWIT FY2020: $1BWIT FY2021: $1.8BWIT FY2022: $1.2BWIT FY2023: $1.4BWIT FY2024: $2BWIT FY2025: $1.8BFY18FY19FY20FY21FY22FY23FY24FY25
EPAM $612.7MWIT $1.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about EPAM Systems and Wipro

Which is bigger by revenue, EPAM Systems or Wipro?

Wipro is bigger by revenue: $10.4B in fiscal 2025, against $5.5B for EPAM Systems in fiscal 2025.

Which keeps more of its revenue as profit, EPAM Systems or Wipro?

EPAM Systems had a net margin of 6.9% in fiscal 2025; Wipro had 14.7% in fiscal 2025.

Which grew revenue faster, EPAM Systems or Wipro?

In their latest fiscal years revenue changed by +15.4% at EPAM Systems and -3.2% at Wipro.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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