Accenture plc
ACNFinancial Analysis · Updated May 12, 2026 · Coverage 2026-Q2
Latest Q Revenue
$18.0B
Q2 FY2026 · +8.3% YoY
TTM ROIC
24.4%
FY2025 · NOPAT / Invested Capital (NOPAT = Adj. Operating Income × (1 - tax 24%); Invested Capital = Total Assets - Cash - Non-interest-bearing liabilities) · WACC ~8.9% · Moat spread +15pp
Financial Snapshot
ticker: ACN step: 04 generated: 2026-05-12 source: quick-research
Accenture plc (ACN) — Financial Snapshot
Note: Accenture's fiscal year ends late August. "FY2025" = fiscal year ended Aug 2025.
Income Statement Summary
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $64.1B | $64.9B | $69.7B | +7% |
| Revenue Growth (local currency) | +4% | +1% | +6% | |
| Operating Margin (adj) | 15.4% | 15.5% | 15.6% | +10bps |
| Adj. EPS | $11.97 | $11.95 | $13.20 | +10% |
| Free Cash Flow | $9.0B | $8.5B | $9.5B | +12% |
FY2026 Guidance (mgmt)
| Metric | FY26 Guide |
|---|---|
| Revenue Growth (local currency) | 2-5% |
| Revenue Growth (ex-federal) | 3-6% |
| Adjusted Operating Margin | 15.7-15.9% |
| Adjusted EPS | $13.52-$13.90 |
| Free Cash Flow | $9.8-10.5B |
Q1 FY2026 Highlights (most recent reported)
| Metric | Q1 FY26 | YoY |
|---|---|---|
| Revenue | $18.74B | +6% USD, +5% LC |
| Consulting Bookings | $9.88B | |
| Managed Services Bookings | $11.06B | |
| Total Bookings | $20.9B | |
| Advanced AI New Bookings | $2.2B | nearly doubled YoY |
| Advanced AI Revenue | $1.1B |
Q2 FY2026 Highlights
| Metric | Q2 FY26 | YoY |
|---|---|---|
| Revenue | $18.0B | +4% LC |
| Total Bookings | $22.1B (record) | |
| Consulting Revenue | $8.9B | +3% LC |
| Managed Services Revenue | $9.2B | +5% LC |
Cumulative GenAI Metrics
| Metric | Value |
|---|---|
| Total Advanced AI Bookings (cumulative) | $11.5B |
| Total Advanced AI Revenue (cumulative) | $4.8B |
| Total AI Projects | 11,000 |
| FY25 GenAI bookings (TTM Aug 2025) | $5.9B |
| FY25 GenAI revenue | $2.7B |
Cash Flow & Balance Sheet (FY2025)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$10.5B |
| Capital Expenditures | ~$1B |
| Free Cash Flow | $9.5B |
| Cash & Equivalents | ~$10B |
| Total Debt | ~$5B |
| Net Cash Position | ~$5B |
Key Ratios (approximate, May 2026)
- P/E (forward): ~22x | EV/EBITDA: ~14x | Dividend Yield: ~1.9%
- ROIC: ~25%
- FCF Margin: ~13.5%
Growth Profile
FY25 revenue +7% to $69.7B with record 129 quarterly bookings above $100M. GenAI bookings tripled while overall revenue grew modestly — consulting model is being reinvented around AI. $865M business optimization charge (FY25-FY26) signals headcount reductions to accelerate the AI transition. CEO Sweet ending AI metric disclosure after FY26 — signals AI is becoming "everywhere" rather than separate.
Forward Estimates
- FY2026E Revenue: ~$72-73B (+3-5% LC per guide)
- FY2026E Adj EPS: $13.52-13.90 (mgmt; +3-5%)
- FY2027E Revenue: ~$77-79B
- FY2027E EPS: ~$14.75-15.25 (+8-10%)
Capital Return
- Dividend $5.92 annual ($3.7B+ paid)
- Share buybacks: ~$5-6B annual
- Total capital return ~$10B FY25
- Multi-year EPS growth target: 8-12%
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $ACN.
Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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