The abbreviation EPS stands for Encapsulated PostScript and is a graphics format for exporting and importing files. An EPS file can contain texts and fonts as well as images and vector graphics. This makes EPS a versatile format that is also scalable. The abbreviation EPS stands for Encapsulated PostScript and is a graphic format for the export and import of files. An EPS file can contain texts and fonts as well as images and vector graphics. This makes EPS a versatile format that is also scalable.