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Accenture (ACN) FY2026 results: revenue $74.2 billion, up 6.5% on the year

Accenture plc (ACN) reported revenue of $74.2 billion for fiscal 2026, the year ended 31 August 2026, up 6.5% on the year before. Net income was $8.4 billion, up 9.0%, and diluted earnings per share $13.56. The figures are the company's own, from the 10-K it filed with the SEC on 16 October 2026.

Revenue
$74.2 billion
+6.5% on the year
FY2019FY2026
Operating margin
15.4%
14.7% a year earlier
FY2019FY2026
Net income
$8.4 billion
+9.0% on the year
FY2019FY2026
Diluted EPS
$13.56
+11.6% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 13 new.

  • Fourth-quarter revenue above guided range: Fourth-quarter revenue was $18.68 billion, up 6% in U.S. dollars and 7% in local currency, above the guided range of $17.75 billion to $18.40 billion.
  • Full-year revenue above guided growth: Full-year revenue was $74.18 billion, up 6% in U.S. dollars and 5% in local currency. Foreign exchange added about 2%, consistent with the third-quarter assumption.
  • Adjusted EPS up 8% for the year: GAAP diluted EPS was $13.56, up 12%. Adjusted EPS was $13.97, up 8%, excluding $0.41 of business optimization costs in fiscal 2026.
  • Fourth-quarter GAAP margin 15.3%: GAAP operating margin was 15.3%, up 370 basis points from 11.6%, and 20 basis points above the 15.1% adjusted margin of the prior-year quarter.
  • 141 large client bookings, a new high: Quarterly client bookings of $100 million or more reached 141, a new high, as management put it.
Read the Q4 FY2026 earnings call summary

From this 10-K

Accenture is a global professional services company that the filing calls a business reinvention and technology company. It sells the work of its people through consulting, managed services, proprietary assets and platforms, and increasingly, software. As of 31 August 2026 it employed approximately 814,000 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 U.S. It serves more than 9,000 clients, including approximately three quarters of the Fortune Global 100 and 500 and every G7 government.

Accenture plc, the 10-K for 2026

Accenture is a global professional services company that the filing calls a business reinvention and technology company. It sells the work of its people through consulting, managed services, proprietary assets and platforms, and increasingly, software. As of 31 August 2026 it employed approximately 814,000 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 U.S. It serves more than 9,000 clients, including approximately three quarters of the Fortune Global 100 and 500 and every G7 government.

How the work is organised

The services sit in one unit the company calls Reinvention Services. Inside it, seven Reinvention Partners each line up the firm's capabilities against one enterprise function or buyer: Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song (marketing, sales, service and commerce), Supply Chain and Engineering, and Talent. Behind them, three Reinvention Engines build the skills and tools the partners deliver with: AI and Data, Industry and Process, and Technology, run through its Advanced AI and Data Centers, Intelligent Operations Centers, Global Delivery Centers and Accenture Technology Centers.

Two kinds of work

The company delivers consulting and managed services, and in fiscal 2026 the two were evenly split: consulting was 50% of revenues and managed services 50%, the same as in fiscal 2025.

Who it sells to

Five industry groups. Products, the largest at 30% of fiscal 2026 revenues, covers consumer goods, retail and travel services, industrials and life sciences. Health & Public Service, 20%, covers healthcare providers, health insurers, defense, public safety, education, tax and customs authorities, cities and transport agencies. Financial Services, 19%, is banking and capital markets and insurance. Communications, Media & Technology, 17%, covers communications and media, high tech, and software and platforms, which now includes frontier model owners and AI compute providers. Resources, 13%, covers chemicals and natural resources, energy and utilities. Work with the U.S. federal government goes through Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, which was approximately 34% of Health & Public Service revenues, 14% of Americas revenues and 7% of total revenues in fiscal 2026.

The partners and the businesses around it

The company names 18 key ecosystem partners, including its key technology partners. Together they represented approximately 65% of fiscal 2026 revenues. It is also building what it calls a network of businesses, each run with its own commercial model and connected to the rest of the firm, which represented approximately 6% of revenues in FY26. The filing lists operational technology security (Dragos), AI and decision intelligence (Faculty), capital projects (Accenture Construct), data centers (DLB, a majority acquisition), education (Accenture LearnVantage), data (Ookla), health (Alfahealth) and mid-market solutions (Avanade and Accenture Edge).

How it grows

The reporting segments are three geographic markets: Americas, EMEA and Asia Pacific, each responsible for client relationships and for selling and delivering the full range of services in its region. Growth is bought as well as built: in fiscal 2026 the company invested $4.9 billion across 17 strategic acquisitions, $1.0 billion in R&D, and approximately $1.0 billion in learning and professional development, including approximately 46 million training hours. It points to a $3.0 billion three-year investment in AI decided in fiscal 2023, ended fiscal 2026 with nearly 110,000 AI and data practitioners, and says it expects to invest at least $1.0 billion over the next five years in AI safety.

The relationships, and the competition

The company has partnered with 85% of its top 200 commercial clients, and with all of the G7, for 20 or more years, and counts 317 Diamond clients, its term for its largest client relationships. Clients typically retain it on a non-exclusive basis. Its named competitors are large multinational IT service providers including the services arms of global technology providers, offshore IT service providers in lower-cost locations particularly in India, accounting firms and consultancies, providers that compete in one geography, industry or service area including advertising agency holding companies, engineering services providers, technology start-ups, AI-native companies and software companies, and the in-house IT departments of large corporations, such as global capability centers. Its ecosystem partners also offer some competing services.

From Accenture's annual report on Form 10-K for the year ended 31 August 2026. The filing

Written from the 10-K filed 16 October 2026: read the full 10-K.

The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026

Income statement (profit and loss)

$ millionFY2026FY2025FY2024On the yearLast 8 years
Revenue74,18369,67364,896+6.5%
Cost of revenue50,40847,43843,734+6.3%
Gross profit23,77622,23521,162+6.9%
Gross margin32.0%31.9%32.6%
Research and development1,0118171,150+23.7%
Operating income11,40610,2269,596+11.5%
Operating margin15.4%14.7%14.8%
Interest expense30322959.0+32.7%
Pre-tax income11,37210,2709,699+10.7%
Income tax2,8492,4382,280+16.9%
Effective tax rate25.1%23.7%23.5%
Net income8,3677,6787,265+9.0%
Net margin11.3%11.0%11.2%
Diluted EPS$13.56$12.15$11.44+11.6%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2026FY2025FY2024On the yearLast 8 years
Operating cash flow12,36311,4749,131+7.7%
Capital expenditure743600517+23.8%
Free cash flow11,62110,8748,615+6.9%
Free cash flow margin15.7%15.6%13.3%
Cash from investing-5,637-2,020-7,062
Cash from financing-5,314-2,948-6,064
Depreciation and amortisation1,2391,3681,443-9.4%
Share-based compensation2,1002,0941,942+0.3%
Buybacks7,5214,6194,525+62.8%
Dividends paid3,9873,7003,241+7.8%
Dividend per sharen/a$5.92$5.16
Diluted shares, weighted617m632m636m-2.4%

Balance sheet

$ millionFY2026FY2025FY2024On the yearLast 8 years
Shareholders' equity31,56731,19528,289+1.2%
Non-controlling interest1,1571,046880+10.7%
Redeemable equity5330.0n/a
Debt10,1125,1491,025+96.4%
Operating lease liabilities2,5172,3052,369+9.2%
Other liabilities27,71225,70023,370+7.8%
Total liabilities and equity73,59865,39555,932+12.5%
Fixed assets1,7221,5661,521+9.9%
Goodwill26,81922,53621,120+19.0%
Intangible assets2,9072,4112,904+20.6%
Investments947727340+30.2%
Cash and equivalents12,83111,4795,004+11.8%
Receivables14,21613,06511,873+8.8%
Other assets14,15613,61013,169+4.0%
Total assets73,59865,39555,932+12.5%

10-K for the year ended 31 August 2026, filed 16 October 2026: the filing.