EX-99 2 q4fy25earnings8-kexhibit.htm NEWS RELEASE OF ACCENTURE, DATED SEPTEMBER 25, 2025 Document Accenture Reports Fourth-Quarter and Full-Year Fiscal 2025 Results Accenture's fiscal 2025 revenues, adjusted EPS and free cash flow come in ahead of Company's expectations; Early AI investments help drive strong fiscal 2025 results NEW YORK; September 25, 2025 — Accenture (NYSE: ACN) reported financial results for the fourth quarter and full fiscal year ended August 31, 2025. All comparisons are to the fourth quarter and full fiscal year 2024, unless noted otherwise. Accenture Chair and CEO Julie Sweet "I am very pleased with our 7% growth in fiscal 2025, demonstrating our unique ability to deliver for our clients as they seek our help to reinvent and lead with AI.
As T1clients continue to embrace reinvention to create value and drive financial results and business outcomes, they need help to build their digital core, prepare data and reimagine processes, all while training their people to work in entirely new ways. This is what Accenture does best and our strong results this year clearly illustrate our impact. I am grateful to the Reinventors of Accenture who bring their unique talents, together with our proprietary tools and leading partnerships, to bear as we deliver value to our clients with certainty and speed." Fourth Quarter and Full Year Fiscal 2025 Key Metrics • New bookings of $21.3 billion for the quarter and $80.6 billion for the year • T2Generative AI new bookings of $1.8 billion for the quarter and $5.9 billion for the year • Revenues of $17.6 billion for the quarter, an increase of 7% in U.S. dollars and 4.5% in local currency; and $69.7 billion for the year, an increase of $4.8 billion or 7% in both U.S. dollars and local currency • Fourth quarter GAAP operating margin of 11.6%, a decrease of 270 basis points; adjusted 1 operating margin of 15.1%, an increase of 10 basis points • Full year GAAP operating margin of 14.7%, a decrease of 10 basis points; adjusted operating margin of 15.6%, an increase of 10 basis points • Fourth quarter GAAP diluted EPS of $2.25, a 15% decrease; adjusted EPS of $3.03, a 9% increase • Full year GAAP diluted EPS of $12.15, a 6% increase; adjusted EPS of $12.93, an 8% increase • Free cash flow of $3.8 billion for the quarter and $10.9 billion for the year Fiscal Year 2026 Business Outlook Highlights • Company expects full-year revenue growth of 2% to 5% in local currency; T3excluding a 1% to 1.5% impact from its U.S. federal business, company expects revenue growth of 3% to 6% in local currency • Expects full-year GAAP diluted EPS of $13.19 to $13.57, a 9% to 12% increase; expects full-year adjusted EPS of $13.52 to $13.90, a 5% to 8% increase • Company expects to return at least $9.3 billion in cash to shareholders in fiscal year 2026 1 Adjusted financial measures presented in this release are non-GAAP financial measures that exclude business optimization costs recorded during the fourth quarter of fiscal 2025 and during fiscal 2024, as further described in this release. 1 Q4 FY25 Financial Review Q4 New Bookings New bookings for the fourth quarter of fiscal 2025 were $21.31 billion, an increase of 6% in U.S. dollars and 3% in local currency over the fourth quarter of fiscal 2024, with a book-to-bill of 1.2. • Consulting new bookings were $8.87 billion. • Managed Services new bookings were $12.44 billion.
Q4 Revenues Revenues for the fourth quarter of fiscal 2025 were $17.60 billion, an increase of 7% in U.S. dollars and 4.5% in local currency, and were at the top end of the company's guided range of $17.0 billion to $17.6 billion, or 1% to 5% growth in local currency. Revenues reflect a foreign-exchange impact of approximately positive 2.5%, consistent with the assumption provided in the company's third-quarter earnings release. Q4 Revenues by Type of Work Revenues (in billions) Increase (Decrease) from Q4 FY24 U.S. Dollars Local Currency Consulting $8.77 6 % 3 % Managed Services $8.82 8 % 6 % Total $17.60 7 % 4.5 % Q4 Revenues by Geographic Market Revenues (in billions) Increase (Decrease) from Q4 FY24 U.S.
Dollars Local Currency Americas 2 $8.80 5 % 5 % EMEA $6.20 10 % 3 % Asia Pacific 2 $2.60 11 % 6 % Total $17.60 7 % 4.5 % Q4 Revenues by Industry Group Revenues (in billions) Increase (Decrease) from Q4 FY24 U.S. Dollars Local Currency Communications, Media & Technology $2.95 7 % 5 % Financial Services $3.32 15 % 12 % Health & Public Service $3.56 (1) % (3) % Products $5.38 9 % 5 % Resources $2.39 8 % 5 % Total $17.60 7 % 4.5 % Amounts in tables may not total due to rounding. 2 During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America.
With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation. 2 Q4 FY25 Financial Review The company expects to increase its overall number of employees in FY26 across its markets, including in the US and countries in Europe, reflecting the demand it sees in its business. In addition to continuing to hire, the company is T4implementing a refreshed three-pronged talent strategy to meet current and future client demand: including investing in upskilling people, which is its primary focus; exiting people in a compressed timeline where reskilling is not a viable path for the skills it needs; and identifying areas to drive even more operating efficiencies in its business, including through AI.
In Q4 FY25, the T5company initiated a six-month business optimization program and recorded a charge of $615 million. The company also expects to record approximately $250 million in Q1 FY26 for a total of approximately $865 million over the six-month period. This reflects severance costs associated with this talent strategy, as well as the T6impairment of assets, primarily related to the divestiture of two acquisitions that are no longer aligned with the company's strategic priorities. These actions will result in cost savings, which will be reinvested in its people and business. Q4 Operating Margin and Operating Income • GAAP operating margin (operating income as a percentage of revenues) for the quarter was 11.6%, compared with GAAP operating margin of 14.3%, and adjusted operating margin was 15.1% compared with adjusted operating margin of 15.0% for the fourth quarter of fiscal 2024. • GAAP operating income for the quarter decreased 13% to $2.05 billion compared with GAAP operating income of $2.35 billion, and adjusted operating income was $2.67 billion, an increase of 8% compared with adjusted operating income of $2.46 billion for the fourth quarter of fiscal 2024.
Gross margin (gross profit as a percentage of revenues) for the quarter was 31.9%, compared with 32.5% for the fourth quarter of fiscal 2024. Selling, general and administrative (SG&A) expenses for the quarter were $2.95 billion, or 16.7% of revenues, compared with $2.88 billion, or 17.5% of revenues, for the fourth quarter of fiscal 2024. The company's GAAP effective tax rate for the quarter was 30.1%, compared with 26.3% for the fourth quarter of fiscal 2024. The adjusted effective tax rate for the quarter was 27.9%, compared with 26.2% for the fourth quarter of fiscal 2024. GAAP net income for the quarter was $1.45 billion, compared with $1.72 billion for the fourth quarter of fiscal 2024.
Adjusted net income for the quarter was $1.94 billion, compared with $1.80 billion for the fourth quarter of fiscal 2024. Q4 Earnings Per Share • GAAP diluted EPS for the quarter were $2.25, a 15% decrease from $2.66 for the fourth quarter of fiscal 2024. • Adjusted EPS for the quarter were $3.03, a 9% increase over adjusted EPS of $2.79 for the fourth quarter of fiscal 2024, which excludes $0.78 and $0.13 for business optimization costs in fiscal 2025 and 2024, respectively. Q4 Year over Year Increase in Adjusted Earnings Per Share Fourth Quarter Fiscal 2024 Adjusted EPS $2.79 Higher revenue and operating results $0.24 Higher non-operating income $0.05 Lower share count $0.02 Higher effective tax rate $(0.07) Fourth Quarter Fiscal 2025 Adjusted EPS $3.03 3 Q4 FY25 Financial Review Q4 Cash Flow Fourth Quarter Fiscal 2025 (in billions) Fourth Quarter Fiscal 2024 (in billions) Operating Cash Flow $3.91 $3.39 Less: Property & Equipment Additions $(0.11) $(0.21) Free Cash Flow $3.81 $3.18 Amounts in table may not total due to rounding.
Days services outstanding, or DSOs, were 47 days at August 31, 2025, compared with 46 days at August 31, 2024. Accenture's total cash balance at August 31, 2025 was $11.5 billion, compared with $5.0 billion at August 31, 2024. Full Year Fiscal 2025 Financial Review Fiscal 2025 New Bookings New bookings for fiscal 2025 were $80.62 billion, a decrease of 1% in both U.S. dollars and local currency compared with fiscal 2024, with a book-to-bill of 1.2. • Consulting new bookings were $37.64 billion. • Managed Services new bookings were $42.98 billion. Fiscal 2025 Revenues Revenues for fiscal 2025 were $69.67 billion, an increase of 7% in both U.S. dollars and local currency. There was minimal currency translation impact for fiscal 2025 compared to fiscal 2024.
Fiscal 2025 Revenues by Type of Work Revenues (in billions) Increase (Decrease) from FY24 U.S. Dollars Local Currency Consulting $35.11 6 % 5 % Managed Services $34.57 9 % 9 % Total $69.67 7 % 7 % Amounts in table may not total due to rounding. 4 Full Year Fiscal 2025 Financial Review Fiscal 2025 Revenues by Geographic Market Revenues (in billions) Increase (Decrease) from FY24 U.S. Dollars Local Currency Americas 2 $35.06 8 % 9 % EMEA $24.64 8 % 6 % Asia Pacific 2 $9.97 5 % 4 % Total $69.67 7 % 7 % Fiscal 2025 Revenues by Industry Group Revenues (in billions) Increase (Decrease) from FY24 U.S.
Dollars Local Currency Communications, Media & Technology $11.45 6 % 6 % Financial Services $12.77 10 % 10 % Health & Public Service $14.76 7 % 6 % Products $21.20 8 % 8 % Resources $9.48 5 % 5 % Total $69.67 7 % 7 % Amounts in tables may not total due to rounding. 2 During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation. Fiscal 2025 Operating Margin and Operating Income • GAAP operating margin (operating income as a percentage of revenues) for fiscal 2025 was 14.7%, compared to GAAP operating margin of 14.8%, and adjusted operating margin was 15.6%, compared with adjusted operating margin of 15.5% for fiscal 2024. • GAAP operating income for fiscal 2025 increased 7% to $10.23 billion compared with GAAP operating income of $9.60 billion, and adjusted operating income increased 8% to $10.84 billion compared with adjusted operating income of $10.03 billion for fiscal 2024.
Gross margin (gross profit as a percentage of revenues) for fiscal 2025 was 31.9% compared with 32.6% for fiscal 2024. Selling, general and administrative (SG&A) expenses for fiscal 2025 were $11.39 billion or 16.4% of revenues, compared with $11.13 billion, or 17.1% of revenues, for fiscal 2024. The company's GAAP annual effective tax rate for fiscal 2025 was 23.7%, compared with 23.5% in fiscal 2024. The adjusted effective tax rate for both fiscal 2025 and fiscal 2024 was 23.6%. GAAP net income for fiscal 2025 was $7.83 billion, compared with $7.42 billion in fiscal 2024. Adjusted net income for fiscal 2025 was $8.32 billion, compared with $7.75 billion in fiscal 2024. 5 Full Year Fiscal 2025 Financial Review Fiscal 2025 Earnings Per Share • GAAP diluted EPS for fiscal 2025 were $12.15, a 6% increase over $11.44 for fiscal 2024. • Adjusted EPS for fiscal 2025 were $12.93, an increase of 8% over adjusted EPS of $11.95 for fiscal 2024, which excludes $0.78 and $0.51 for business optimization costs in fiscal 2025 and fiscal 2024, respectively.
Fiscal 2025 Year over Year Increase in Adjusted Earnings Per Share Fiscal 2024 Adjusted EPS $11.95 Higher revenue and operating results $0.97 Lower share count $0.07 Lower effective tax rate $0.01 Lower non-operating income $(0.07) Fiscal 2025 Adjusted EPS $12.93 Fiscal 2025 Cash Flow Fiscal 2025 (in billions) Fiscal 2024 (in billions) Operating Cash Flow $11.47 $9.13 Less: Property & Equipment Additions $(0.60) $(0.52) Free Cash Flow $10.87 $8.61 Cash Return to Shareholders Accenture continues to return significant cash to shareholders through cash dividends and share repurchases. In fiscal 2025, the company returned $8.3 billion to shareholders, including $4.6 billion in share repurchases and $3.7 billion in cash dividends.
Dividend • On August 15, 2025, a quarterly cash dividend of $1.48 per share was paid to shareholders of record at the close of business on July 10, 2025. ◦ These cash dividend payments totaled $922 million, bringing dividend payments for the full year to $3.70 billion, compared with $3.24 billion in fiscal 2024. • Accenture plc has declared another quarterly cash dividend of $1.63 per share for shareholders of record at the close of business on October 10, 2025. ◦ This dividend, which is payable on November 14, 2025, represents a 10% increase over the company's previous quarterly dividend. 6 Share Repurchase Activity • During the fourth quarter of fiscal 2025, Accenture repurchased or redeemed 1.6 million shares for a total of $474 million, which were primarily repurchased in the open market.
Total share repurchases and redemptions for the full fiscal year were 14.1 million shares for a total of $4.6 billion, including 11.9 million shares repurchased in the open market. • Accenture's total outstanding authority is approximately $7.9 billion, which includes $5.0 billion in additional share repurchase authority approved by the company's Board of Directors. • At August 31, 2025, Accenture had approximately 622 million total shares outstanding. Business Outlook First Quarter Fiscal 2026 Outlook Revenues $18.1B – $18.75B Revenue Growth (Local Currency) 1% – 5% Foreign-Exchange Impact on Results approx. +1% Full Year Fiscal 2026 Outlook Revenue Growth (Local Currency) 2% – 5% approx. 3% – 6% excluding an estimated 1% to 1.5% impact from its U.S. federal business Foreign-Exchange Impact on Results approx. +2% GAAP Operating Margin 15.3% – 15.5% 60 bps – 80 bps expansion over FY25 Adjusted Operating Margin 15.7% – 15.9% 10 bps – 30 bps expansion over adjusted FY25, excluding an estimated $250 million for business optimization costs in Q1 Annual Effective Tax Rate (GAAP and Adjusted) 23.5% – 25.5% GAAP Diluted EPS $13.19 – $13.57 9% – 12% increase over FY25 Adjusted EPS $13.52 – $13.90 5% – 8% increase over adjusted FY25, excluding an estimated $0.33 per share for business optimization costs in Q1 Operating Cash Flow $10.8B – $11.5B Property & Equipment Additions $1.0B Free Cash Flow $9.8B – $10.5B G1Capital Return at least $9.3B 7 Conference Call and Webcast Details Accenture will host a conference call at 8:00 a.m.
EDT today to discuss its fourth quarter and full year fiscal 2025 financial results. To participate in the teleconference, please dial +1 (877) 883-0383 [+1 (412) 317-6061 outside the U.S., Puerto Rico and Canada] and enter access code 8198897 approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible live via webcast on the Investor Relations section of the Accenture website at accenture.com. A replay will be available on this website following the call. About Accenture Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale.
We are a talent- and innovation-led company with approximately 779,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships.
We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com. Non-GAAP Financial Information This news release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial information to Accenture's financial statements as prepared under generally accepted accounting principles (GAAP) are included in this press release. Financial results "in local currency" are calculated by restating current-period activity into U.S. dollars using the comparable prior-year period's foreign-currency exchange rates. Accenture's management believes providing investors with this information gives additional insights into Accenture's results of operations.
While Accenture's management believes that the non-GAAP financial measures herein are useful in evaluating Accenture's operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP. Accenture provides full-year revenue guidance on a local-currency basis and not in U.S. dollars because the impact of foreign exchange rate fluctuations could vary significantly from the company's stated assumptions. Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "aspires," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," "target," and similar expressions are used to identify these forward-looking statements.
These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company's results of operations; risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets 8 in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect our business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture's geographically diverse operations and our strategy to continue to grow in our key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plc's most recent Annual Report on Form 10-K, as updated in Item 1A, "Risk Factors" in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, and other documents filed with or furnished to the Securities and Exchange Commission.
In addition, the timing and amount of costs related to our business optimization actions and the nature and extent of benefits realized from such actions are subject to uncertainties and other factors, including local country consultation processes and regulations, and may differ from our current expectations and estimates. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations. Rachel Frey Accenture Media Relations +1 917 452 4421 rachel.frey@accenture.com Alexia Quadrani Accenture Investor Relations +1 917 452 8542 alexia.quadrani@accenture.com 9 Accenture plc Consolidated Income Statements (In thousands of U.S. dollars, except share and per share amounts) (Unaudited) Three Months Ended Year Ended August 31, 2025 % of Revenues August 31, 2024 % of Revenues August 31, 2025 % of Revenues August 31, 2024 % of Revenues REVENUES: Revenues $ 17,596,260 100.0 % $ 16,405,819 100.0 % $ 69,672,977 100.0 % $ 64,896,464 100.0 % OPERATING EXPENSES: Cost of services 11,985,326 68.1 % 11,068,363 67.5 % 47,437,576 68.1 % 43,734,147 67.4 % Sales and marketing 1,793,056 10.2 % 1,755,272 10.7 % 7,043,445 10.1 % 6,846,714 10.6 % General and administrative costs 1,152,863 6.6 % 1,122,569 6.8 % 4,350,968 6.2 % 4,281,316 6.6 % Business optimization costs 615,324 3.5 % 105,947 0.6 % 615,324 0.9 % 438,440 0.7 % Total operating expenses 15,546,569 14,052,151 59,447,313 55,300,617 OPERATING INCOME 2,049,691 11.6 % 2,353,668 14.3 % 10,225,664 14.7 % 9,595,847 14.8 % Interest income 105,197 51,317 336,324 272,256 Interest expense (66,243) (22,835) (228,555) (58,969) Other income (expense), net (13,410) (49,589) (63,040) (109,811) INCOME BEFORE INCOME TAXES 2,075,235 11.8 % 2,332,561 14.2 % 10,270,393 14.7 % 9,699,323 14.9 % Income tax expense 625,429 613,895 2,437,993 2,280,126 NET INCOME 1,449,806 8.2 % 1,718,666 10.5 % 7,832,400 11.2 % 7,419,197 11.4 % Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc. (1,326) (1,606) (7,240) (7,198) Net income attributable to noncontrolling interests – other (1) (34,517) (32,759) (146,727) (147,212) NET INCOME ATTRIBUTABLE TO ACCENTURE PLC $ 1,413,963 8.0 % $ 1,684,301 10.3 % $ 7,678,433 11.0 % $ 7,264,787 11.2 % CALCULATION OF EARNINGS PER SHARE: Net income attributable to Accenture plc $ 1,413,963 $ 1,684,301 $ 7,678,433 $ 7,264,787 Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc. (2) 1,326 1,606 7,240 7,198 Net income for diluted earnings per share calculation $ 1,415,289 $ 1,685,907 $ 7,685,673 $ 7,271,985 WEIGHTED AVERAGE SHARES: Basic 622,635,814 626,122,298 624,891,649 627,852,613 Diluted 629,418,129 633,883,494 632,435,108 635,940,044 EARNINGS PER SHARE: Basic $ 2.27 $ 2.69 $ 12.29 $ 11.57 Diluted $ 2.25 $ 2.66 $ 12.15 $ 11.44 Cash dividends per share $ 1.48 $ 1.29 $ 5.92 $ 5.16 (1) Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc. (2) Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis.
The income effect does not take into account "Net income attributable to noncontrolling interests — other," since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares. 10 Accenture plc Summary of Revenues (In thousands of U.S. dollars) (Unaudited) Three Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency August 31, 2025 August 31, 2024 GEOGRAPHIC MARKETS Americas (1) $ 8,804,391 $ 8,423,447 5% 5% EMEA 6,196,281 5,638,763 10 3 Asia Pacific (1) 2,595,588 2,343,609 11 6 Total Revenues $ 17,596,260 $ 16,405,819 7% 4.5% INDUSTRY GROUPS Communications, Media & Technology $ 2,953,957 $ 2,750,513 7% 5% Financial Services 3,315,700 2,872,964 15 12 Health & Public Service 3,563,632 3,613,865 (1) (3) Products 5,376,132 4,948,907 9 5 Resources 2,386,839 2,219,570 8 5 Total Revenues $ 17,596,260 $ 16,405,819 7% 4.5% TYPE OF WORK Consulting $ 8,772,265 $ 8,260,395 6% 3% Managed Services 8,823,995 8,145,424 8 6 Total Revenues $ 17,596,260 $ 16,405,819 7% 4.5% Year Ended Percent Increase (Decrease) U.S.
Dollars Percent Increase (Decrease) Local Currency August 31, 2025 August 31, 2024 GEOGRAPHIC MARKETS Americas (1) $ 35,056,715 $ 32,552,489 8% 9% EMEA 24,643,957 22,817,879 8 6 Asia Pacific (1) 9,972,305 9,526,096 5 4 Total Revenues $ 69,672,977 $ 64,896,464 7% 7% INDUSTRY GROUPS Communications, Media & Technology $ 11,453,982 $ 10,837,174 6% 6% Financial Services 12,773,856 11,610,225 10 10 Health & Public Service 14,762,837 13,840,634 7 6 Products 21,197,397 19,554,154 8 8 Resources 9,484,905 9,054,277 5 5 Total Revenues $ 69,672,977 $ 64,896,464 7% 7% TYPE OF WORK Consulting $ 35,106,786 $ 33,195,104 6% 5% Managed Services 34,566,191 31,701,360 9 9 Total Revenues $ 69,672,977 $ 64,896,464 7% 7% (1) During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America.
With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation. 11 Accenture plc Operating Income by Geographic Market (In thousands of U.S. dollars) (Unaudited) Three Months Ended August 31, 2025 August 31, 2024 Operating Income Operating Margin Operating Income Operating Margin Increase (Decrease) Americas (1) $ 987,032 11 % $ 1,295,736 15 % $ (308,704) EMEA 662,688 11 701,138 12 (38,450) Asia Pacific (1) 399,971 15 356,794 15 43,177 Total Operating Income $ 2,049,691 11.6 % $ 2,353,668 14.3 % $ (303,977) Year Ended August 31, 2025 August 31, 2024 Operating Income Operating Margin Operating Income Operating Margin Increase (Decrease) Americas (1) $ 5,324,339 15 % $ 5,079,651 16 % $ 244,688 EMEA 3,090,993 13 2,803,610 12 287,383 Asia Pacific (1) 1,810,332 18 1,712,586 18 97,746 Total Operating Income $ 10,225,664 14.7 % $ 9,595,847 14.8 % $ 629,817 (1) During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America.
With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation. 12 Accenture plc Reconciliation of Operating Income, as Reported (GAAP) to Operating Income as Adjusted (Non-GAAP) (In thousands of U.S. dollars) (Unaudited) Three Months Ended August 31, 2025 August 31, 2024 As Reported (GAAP) Business Optimization (1) Adjusted (Non-GAAP) Operating Margin (Non-GAAP) As Reported (GAAP) Business Optimization (2) Adjusted (Non-GAAP) Operating Margin (Non-GAAP) Americas (3) $ 987,032 $ 420,469 $ 1,407,501 16 % $ 1,295,736 $ 24,825 $ 1,320,561 16 % EMEA 662,688 131,980 794,668 13 701,138 17,422 718,560 13 Asia Pacific (3) 399,971 62,875 462,846 18 356,794 63,700 420,494 18 Total Operating Income $ 2,049,691 $ 615,324 $ 2,665,015 15.1 % $ 2,353,668 $ 105,947 $ 2,459,615 15.0 % Year Ended August 31, 2025 August 31, 2024 As Reported (GAAP) Business Optimization (1) Adjusted (Non-GAAP) Operating Margin (Non-GAAP) As Reported (GAAP) Business Optimization (2) Adjusted (Non-GAAP) Operating Margin (Non-GAAP) Americas (3) $ 5,324,339 $ 420,469 $ 5,744,808 16 % $ 5,079,651 $ 83,201 $ 5,162,852 16 % EMEA 3,090,993 131,980 3,222,973 13 2,803,610 248,724 3,052,334 13 Asia Pacific (3) 1,810,332 62,875 1,873,207 19 1,712,586 106,515 1,819,101 19 Total Operating Income $ 10,225,664 $ 615,324 $ 10,840,988 15.6 % $ 9,595,847 $ 438,440 $ 10,034,287 15.5 % (1) Costs recorded in connection with business optimization actions initiated in fiscal 2025, including $344 million for employee severance and $271 million for asset impairments primarily related to the divestiture of two acquisitions in the Americas. (2) Costs recorded in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024, primarily for employee severance. (3) During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America.
With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation. 13 Accenture plc Reconciliation of Net Income and Diluted Earnings Per Share, as Reported (GAAP), to Net Income and Diluted Earnings Per Share, as Adjusted (Non-GAAP) (In thousands of U.S. dollars, except per share amounts) (Unaudited) Three Months Ended August 31, 2025 August 31, 2024 As Reported (GAAP) Business Optimization (1) Adjusted (Non-GAAP) As Reported (GAAP) Business Optimization (2) Adjusted (Non-GAAP) Operating Income $ 2,049,691 $ 615,324 $ 2,665,015 $ 2,353,668 $ 105,947 $ 2,459,615 Operating Margin 11.6 % 3.5 % 15.1 % 14.3 % 0.7 % 15.0 % Income before income taxes 2,075,235 615,324 2,690,559 2,332,561 105,947 2,438,508 Income tax expense 625,429 125,913 751,342 613,895 25,644 639,539 Net Income $ 1,449,806 $ 489,411 $ 1,939,217 $ 1,718,666 $ 80,303 $ 1,798,969 Effective tax rate 30.1 % 20.5 % 27.9 % 26.3 % 24.2 % 26.2 % Diluted earnings per share (3) $ 2.25 $ 0.78 $ 3.03 $ 2.66 $ 0.13 $ 2.79 Year Ended August 31, 2025 August 31, 2024 As Reported (GAAP) Business Optimization (1) Adjusted (Non-GAAP) As Reported (GAAP) Business Optimization (2) Adjusted (Non-GAAP) Operating Income $ 10,225,664 $ 615,324 $ 10,840,988 $ 9,595,847 $ 438,440 $ 10,034,287 Operating Margin 14.7 % 0.9 % 15.6 % 14.8 % 0.7 % 15.5 % Income before income taxes 10,270,393 615,324 10,885,717 9,699,323 438,440 10,137,763 Income tax expense 2,437,993 125,913 2,563,906 2,280,126 111,350 2,391,476 Net Income $ 7,832,400 $ 489,411 $ 8,321,811 $ 7,419,197 $ 327,090 $ 7,746,287 Effective tax rate 23.7 % 20.5 % 23.6 % 23.5 % 25.4 % 23.6 % Diluted earnings per share (3) $ 12.15 $ 0.78 $ 12.93 $ 11.44 $ 0.51 $ 11.95 (1) Costs recorded in connection with business optimization actions initiated in fiscal 2025, including $344 million for employee severance and $271 million for asset impairments primarily related to the divestiture of two acquisitions in the Americas. (2) Costs recorded in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024, primarily for employee severance. (3) The impact of business optimization costs on diluted earnings per share is presented net of related taxes.
The income tax effect was negative $0.20 and negative $0.04 for the three months ended August 31, 2025 and August 31, 2024, respectively, and negative $0.20 and negative $0.18 for the fiscal year ended August 31, 2025 and August 31, 2024, respectively. This includes both the current and deferred income tax impact and was calculated by using the relevant tax rate of the country where the costs were recorded. 14 Accenture plc Consolidated Balance Sheets (In thousands of U.S. dollars) August 31, 2025 August 31, 2024 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 11,478,729 $ 5,004,469 Short-term investments 5,945 5,396 Receivables and contract assets 14,985,073 13,664,847 Other current assets 2,430,942 2,183,069 Total current assets 28,900,689 20,857,781 NON-CURRENT ASSETS: Contract assets 180,362 120,260 Investments 721,260 334,664 Property and equipment, net 1,566,374 1,521,119 Lease assets 2,740,321 2,757,396 Goodwill 22,536,416 21,120,179 Other non-current assets 8,749,475 9,220,964 Total non-current assets 36,494,208 35,074,582 TOTAL ASSETS $ 65,394,897 $ 55,932,363 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt and bank borrowings $ 114,484 $ 946,229 Accounts payable 2,695,589 2,743,807 Deferred revenues 6,073,170 5,174,923 Accrued payroll and related benefits 8,084,214 7,050,833 Lease liabilities 729,003 726,202 Other accrued liabilities 2,655,637 2,334,133 Total current liabilities 20,352,097 18,976,127 NON-CURRENT LIABILITIES: Long-term debt 5,034,169 78,628 Lease liabilities 2,305,210 2,369,490 Other non-current liabilities 5,462,454 5,339,870 Total non-current liabilities 12,801,833 7,787,988 Total Accenture plc shareholders' equity 31,195,446 28,288,646 Noncontrolling interest 1,045,521 879,602 Total Shareholders' Equity 32,240,967 29,168,248 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,394,897 $ 55,932,363 15 Accenture plc Consolidated Cash Flows Statements (In thousands of U.S. dollars) (Unaudited) Three Months Ended Year Ended August 31, 2025 August 31, 2024 August 31, 2025 August 31, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 1,449,806 $ 1,718,666 $ 7,832,400 $ 7,419,197 Depreciation, amortization and other 758,932 596,405 2,441,594 2,168,038 Share-based compensation expense 439,547 402,788 2,093,878 1,941,590 Change in assets and liabilities/other, net 1,265,862 671,572 (893,473) (2,397,798) Net cash provided by (used in) operating activities 3,914,147 3,389,431 11,474,399 9,131,027 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (107,915) (213,636) (600,039) (516,509) Purchases of businesses and investments, net of cash acquired (681,760) (1,343,522) (1,471,255) (6,582,702) Proceeds from the sale of businesses and investments, net of cash transferred 14,086 7,816 36,834 28,721 Other investing, net 4,299 2,168 14,810 8,672 Net cash provided by (used in) investing activities (771,290) (1,547,174) (2,019,650) (7,061,818) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of ordinary shares 156,110 150,808 1,353,753 1,418,131 Purchases of shares (473,888) (628,430) (4,619,497) (4,524,646) Proceeds from (repayments of) debt, net — (671,246) 4,129,200 827,787 Cash dividends paid (921,725) (807,869) (3,700,169) (3,241,479) Other financing, net (35,571) (472,213) (111,621) (543,301) Net cash provided by (used in) financing activities (1,275,074) (2,428,950) (2,948,334) (6,063,508) Effect of exchange rate changes on cash and cash equivalents (20,661) 53,945 (32,155) (46,264) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,847,122 (532,748) 6,474,260 (4,040,563) CASH AND CASH EQUIVALENTS, beginning of period 9,631,607 5,537,217 5,004,469 9,045,032 CASH AND CASH EQUIVALENTS, end of period $ 11,478,729 $ 5,004,469 $ 11,478,729 $ 5,004,469 16
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 7 | 7 | 8 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 4 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 5 | — | 4 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Not placed in the text
These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.
Theme · margin expansion through efficiency
“adjusted operating margin of 15.6%, an increase of 10 basis points... expects full-year GAAP operating margin of 15.3% to 15.5%, 60 bps to 80 bps expansion over FY25”
Theme · capital return to shareholders
“returned $8.3 billion to shareholders... expects to return at least $9.3 billion in cash to shareholders in fiscal year 2026”
Source: SEC EDGAR · public domain · Highlights by Palanor