Booz Allen Hamilton Holding (BAH) Q1 FY2027 earnings: revenue $2.8 billion, down 4.2% on the year

Booz Allen Hamilton Holding Corp. (BAH) reported revenue of $2.8 billion for Q1 FY2027, the quarter ended 30 June 2026, down 4.2% on the same quarter a year earlier. Net income was $198 million, down 26.9% on the year, and diluted earnings per share $1.63. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue$2.8 billiondown 4.2%

Net income$198 milliondown 26.9%

Diluted EPS$1.63

QuarterQ1 FY2027ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Revenue	2,800	2,783	2,924	-4.2%
Cost of revenue	1,336	1,283	1,423	-6.1%
Gross profit	1,464	1,500	1,501	-2.5%
Gross margin	52.3%	53.9%	51.3%
Operating income	279	263	257	+8.6%
Operating margin	10.0%	9.5%	8.8%
Pre-tax income	251	226	216	+16.2%
Income tax	53.0	21.0	-55.0	n/a
Effective tax rate	21.1%	9.3%	-25.5%
Net income	198	205	271	-26.9%
Net margin	7.1%	7.4%	9.3%
Diluted EPS	$1.63	$1.69	$2.16	-24.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Operating cash flow	281	240	119	+136.1%
Capital expenditure	20.0	28.0	23.0	-13.0%
Free cash flow	261	212	96.0	+171.9%
Free cash flow margin	9.3%	7.6%	3.3%
Cash from investing	-328	-248	-32.0	n/a
Cash from financing	-141	-146	-261	n/a
Depreciation and amortisation	45.0	42.0	40.0	+12.5%
Share-based compensation	21.0	17.0	19.0	+10.5%
Buybacks	72.0	77.0	181	-60.2%
Dividends paid	73.0	71.0	70.0	+4.3%
Dividend per share	$0.59	n/a	$0.55	+7.3%
Diluted shares, weighted	120m	122m	124m	-3.4%
Shares outstanding at period end	120m	120m	124m	-2.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2027	Q4 FY2026	Q1 FY2026	Change on the year
Shareholders' equity	1,202	1,105	1,065	+12.9%
Debt	3,936	3,940	3,979	-1.1%
Operating lease liabilities	195	139	164	+18.9%
Other liabilities	2,277	1,934	1,962	+16.1%
Total liabilities and equity	7,610	7,118	7,170	+6.1%
Fixed assets	167	171	171	-2.3%
Goodwill	2,528	2,399	2,405	+5.1%
Intangible assets	597	509	549	+8.7%
Cash and equivalents	540	728	711	-24.1%
Receivables	2,320	2,063	2,286	+1.5%
Other assets	1,458	1,248	1,048	+39.1%
Total assets	7,610	7,118	7,170	+6.1%

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025 †	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	2,666	2,570	2,771	2,942	3,146	2,917	2,975	2,924	2,890	2,620	2,783	2,800
Cost of revenue	1,233	1,181	1,255	1,371	1,362	1,306	1,380	1,423	1,340	1,259	1,283	1,336
Gross profit	1,434	1,389	1,516	1,571	1,784	1,612	1,595	1,501	1,550	1,361	1,500	1,464
Gross margin	54%	54%	55%	53%	57%	55%	54%	51%	54%	52%	54%	52%
Operating income	267	248	264	255	549	291	275	257	283	230	263	279
Operating margin	10%	10%	10%	9%	17%	10%	9%	9%	10%	9%	9%	10%
Interest expense	44.8	46.6	46.1	45.9	47.0	45.6	47.4	n/a	n/a	n/a	n/a	n/a
Pre-tax income	226	207	219	214	513	248	243	216	233	187	226	251
Tax rate	24%	30%	42%	23%	24%	25%	21%	-25%	25%	-7%	9%	21%
Net income	171	146	128	165	390	187	193	271	175	200	205	198
Net margin	6%	6%	5%	6%	12%	6%	6%	9%	6%	8%	7%	7%
Diluted EPS	$1.29	$1.11	$0.97	$1.27	$3.01	$1.45	$1.52	$2.16	$1.42	$1.63	$1.69	$1.63
Operating cash flow	-47.4	234	144	52.0	587	151	219	119	421	261	240	281
Capital expenditure	16.9	23.1	16.2	32.0	23.8	17.2	24.6	23.0	26.0	13.0	28.0	20.0
Free cash flow	-64.3	211	128	20.0	563	134	194	96.0	395	248	212	261
Buybacks	80.8	94.5	100	116	232	149	315	181	214	126	77.0	72.0
Dividends paid	62.1	61.7	66.6	66.0	66.5	65.5	69.6	70.0	68.0	67.0	71.0	73.0
Shares outstanding	131m	130m	130m	129m	128m	127m	125m	124m	122m	121m	120m	120m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 24 July 2026, accession 0001628280-26-049495: the filing on EDGAR. All of Booz Allen Hamilton Holding Corp.'s filings: EDGAR company page.

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