Epic’s revenue climbed to $6.7 billion in 2025, a company spokesperson told Becker’s. That’s a $1 billion increase from 2024, and the largest single-year dollar gain in the company’s reported revenue history.
The Verona, Wis.-based EHR vendor’s revenue has more than doubled since 2020, when it brought in $3.3 billion, and is more than 10 times its 2009 total. Epic made $650 million that year, the Milwaukee Journal Sentinel reported, as a 2009 federal law began offering hospitals and physicians billions of dollars in incentives to adopt EHRs.
The revenue gains have come as Epic’s hospital market share growth cools. Epic controlled 43.7% of the U.S. acute care hospital EHR market in 2025, up from 42.3% in 2024 and 31% in 2021, KLAS Research reported in May. But 2025 marked the company’s smallest share gain in that span, and only two large health systems made enterprisewide EHR moves during the year. Both chose Epic.
The list of new customers is shrinking, too. Epic welcomed 11 new U.S. hospitals and health systems at its Users Group Meeting in August, down from 28 in 2025 and 19 in 2024.
Health system CIOs have pointed to products beyond the core EHR, including clinical communications, an AI scribe and an enterprise resource planning platform in development, as places where Epic can keep growing.
“While Epic may be nearing saturation in the EHR market, it still has significant room to grow by expanding both the depth and breadth of its offerings,” Joy Oh, chief information and digital transformation officer at Cincinnati-based Christ Hospital Health Network, told Becker’s in May.
Epic founder and CEO Judy Faulkner has framed the company’s finances differently. Profit “isn’t a goal; it’s a side effect,” she argued on “Freakonomics Radio” in April, adding that Epic is not trying to maximize profits.
“Plainly, that’s a choice we make,” Ms. Faulkner said. “We have enough money as revenue to run our company and be successful. Our customers need it more than we do, and so we don’t want to misuse them.”
Ms. Faulkner, who started Epic in a Wisconsin basement apartment in 1979, has an estimated net worth of $9.6 billion, Becker’s reported in May, up from $3.5 billion in 2018. She has pledged to give away the vast majority of her fortune and has made arrangements for Epic to remain private and employee- and family-owned after her death.
Here is Epic’s revenue by year. Figures from 2019 onward come from the company; earlier figures come from news reports, and some years are missing:
2025: $6.7 billion
2024: $5.7 billion
2023: $4.9 billion
2022: $4.6 billion
2021: $3.8 billion
2020: $3.3 billion
2019: $3.2 billion
2016: $2.5 billion
2009: $650 million
2007: $502 million
2006: $420 million
2000: $47 million
1997: $30.9 million
1985: $1 million
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
