Accenture (ACN) FY2025 results: revenue $69.7 billion, up 7.4% on the year

Accenture is a global professional services company. It sells the work of its people: strategy and consulting, technology, business process operations, marketing and customer work, and engineering and manufacturing services. As of 31 August 2025 it employed approximately 779,000 people, served clients at any given time in more than 120 countries, had offices and operations in 52 countries, and had the majority of its people in India, the Philippines and the United States. It works with roughly 9,000 clients, drawn primarily from Forbes Global 2000 companies, governments and government agencies, and including three quarters of the Fortune Global 100 and 500.

What it sells

Effective 1 September 2025 all the services were brought into a single integrated business unit called Reinvention Services, which brings together six capabilities. Strategy and consulting works with executives and boards on strategic priorities, processes and workforce. Technology builds what the company calls the digital core: AI, data, cloud, systems integration and application management, security, platform and infrastructure services, software engineering, automation and global delivery centres. Operations runs business processes on a client's behalf, including finance and accounting, sourcing and procurement, supply chain, marketing and sales and human resources, plus industry-specific work such as platform trust and safety, banking, insurance, network and health services, through its SynOps platform. Song covers customer engagement, sales and service. Industry X combines digital capability with engineering and manufacturing expertise, reaching into how capital projects are planned and executed, from plant and asset construction to public infrastructure, power grids and data centres.

Two kinds of work

The company delivers consulting and managed services, and in fiscal 2025 the two were evenly split: consulting was 50% of revenues and managed services 50%, against 51% and 49% in fiscal 2024.

Who it sells to

Five industry groups. Products, the largest at 30% of revenues in fiscal 2025, covers consumer goods, retail and travel services, industrials and life sciences. Health and Public Service, 21%, covers hospitals, public health systems, health insurers, human and social services agencies, defence, public safety, education, cities, transport and tax authorities. Financial Services, 18%, covers banking and capital markets and insurance. Communications, Media and Technology, 16%, covers communications service providers, media and entertainment, enterprise and consumer technology and semiconductors, and cloud and consumer software platforms. Resources, 14%, covers chemicals and natural resources, energy and utilities. Work with the US federal government is delivered through Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, which was approximately 36% of Health and Public Service revenues, 15% of Americas revenues and 8% of total revenues in fiscal 2025.

How it is organised and how it grows

The reporting segments are three geographic markets: Americas, EMEA and Asia Pacific. Each carries primary responsibility for building client relationships and for selling and delivering the full range of services in its region. Growth is bought as well as built: in fiscal 2025 the company invested $1.5 billion across 23 strategic acquisitions, $0.8 billion in research and development, and approximately $1.0 billion in learning and professional development, including approximately 47 million training hours. It states that its acquisition strategy is aimed at scaling in high-growth areas, adding skills and capabilities in new areas, and deepening industry and functional expertise, and it points to an earlier decision, in fiscal 2023, to make a $3 billion multi-year investment in generative AI.

The relationships, and the competition

The company has partnered with 195 of its top 200 clients for 10 or more years and counts 305 Diamond clients, its term for its largest client relationships. It also says it is the number-one partner for all of its top 10 technology ecosystem partners. Its named competitors are large multinational IT service providers including the services arms of global technology companies, offshore IT service providers in lower-cost locations particularly in India, accounting firms and consultancies, providers competing in a single geography, industry or service area including advertising agency holding companies and engineering services providers, and the in-house IT departments and global capability centres of large corporations that use their own people instead of an outside firm.

From Accenture's annual report on Form 10-K for the year ended 31 August 2025. The filing

Written from the 10-K filed 10 October 2025: read the full 10-K.