Accenture
ACN NYSE IT Consulting & Other Services Financials FY2017–FY2026
Accenture's revenue rose 6.5% to $74.2 billion in fiscal 2026. Its operating margin was 15.4%, up from 14.7% a year earlier. Free cash flow was $11.6 billion, up 6.9%. It paid out $11.5 billion in dividends and buybacks, 99% of free cash flow. The diluted share count fell 2.4%.
What Accenture does
Accenture sells consulting, technology and outsourcing services to other organizations. It helps clients plan and carry out changes to their operations, with work in strategy, data, cloud, cybersecurity, artificial intelligence (AI) and running business functions for them. It serves more than 9,000 clients, mostly very large companies and governments, and had revenues of approximately $74 billion in fiscal 2026.
Accenture earns its revenue from fees for these services. It reports three segments, which are its geographic markets: Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific. It also sells to five industry groups, the largest being Products, which includes consumer goods, retail, industrial and life sciences clients and made up 30% of revenues. Accenture says its 18 key ecosystem partners, mainly technology companies, were tied to about 65% of its revenue. It competes with large IT service firms, offshore providers, accounting firms and consultancies, in-house technology teams and AI-focused start-ups.
As of August 31, 2026, Accenture employed approximately 814,000 people, most of them in India, the Philippines and the United States. It also buys other companies as part of its growth plans.
- Legal name
- Accenture plc
- Fiscal year ends
- August 31, 2026
- Latest annual report
- 10-K · Oct 16, 2026
- Accession · CIK
- 0001467373-26-000049
0001467373
Revenue and margins
Accenture had $74.2B of revenue in fiscal 2026, up 6.5% on the year before.
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew 10.7% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $11.6B in fiscal 2026, 15.7% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Accenture returned $11.5B to shareholders in fiscal 2026, 99% of free cash flow. The diluted share count fell 2.4%.
Value Accenture yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of $2.7B and divides by 617.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 18.4x · peers 21.4x · sector 33.5x.
Balance sheet
Cash, debt and the ratios that show how comfortably Accenture can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.9B | $9.0B | $5.0B | $11.5B | $12.8B |
| Debt incl. finance leases | $45.9M | $43.1M | $1.0B | $5.1B | $10.1B |
| Net debt / EBITDA | −0.7x | −0.9x | −0.4x | −0.6x | −0.2x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.2x | 0.3x |
| Interest coverage | 198.0x | 185.4x | 162.7x | 44.7x | 37.6x |
| Current ratio | 1.2x | 1.3x | 1.1x | 1.4x | 1.4x |
| Quick ratio | 1.2x | 1.3x | 1.1x | 1.4x | 1.4x |
| Total assets | $47.3B | $51.2B | $55.9B | $65.4B | $73.6B |
| Total liabilities | $24.5B | $24.8B | $26.8B | $33.2B | $40.9B |
| Shareholders' equity | $22.1B | $25.7B | $28.3B | $31.2B | $31.6B |
| Net debt (− = net cash) | −$7.8B | −$9.0B | −$4.0B | −$6.4B | −$2.7B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$7.5M
9 insiders
Of sales under plans
81%
$6.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 22, 2026 | Melissa A BurgumChief Accounting Officer | Sold plan | 811 | $250.00 | $0.2M | Form 4 |
| Oct 22, 2026 | Ryoji SekidoCo-CEO Asia Pacific | Sold | 5,844 | $244.84 | $1.4M | Form 4 |
| Oct 12, 2026 | Catherine Kiernan HoganChief Operating Officer | Sold plan | 700 | $214.24 | $0.1M | Form 4 |
| Oct 8, 2026 | Catherine Kiernan HoganChief Operating Officer | Sold plan | 1,320 | $200.00 | $0.3M | Form 4 |
| Aug 14, 2026 | Katherine Lee CliffordChief Leadership & HR Officer | Sold | 68 | $175.98 | $0.0M | Form 4 |
| Jul 30, 2026 | Joel UnruchGeneral Counsel/Corp Secretary | Sold plan | 10,498 | $162.97 | $1.7M | Form 4 |
| Apr 30, 2026 | Atsushi EgawaCo-CEO Asia Pacific | Sold plan | 4,872 | $177.14 | $0.9M | Form 4 |
| Feb 10, 2026 | Julie Spellman SweetChair and CEO, Director | Sold plan | 6,057 | $241.23 | $1.5M | Form 4 |
| Feb 4, 2026 | John F WalshCEO-The Americas | Sold plan | 14 | $242.04 | $0.0M | Form 4 |
| Feb 3, 2026 | Julie Spellman SweetChair and CEO, Director | Sold plan | 5,500 | $242.39 | $1.3M | Form 4 |
| Feb 3, 2026 | Manish SharmaChief Strategy & Services Ofcr | Sold plan | 98 | $250.36 | $0.0M | Form 4 |
| Feb 3, 2026 | Melissa A BurgumChief Accounting Officer | Sold plan | 15 | $250.43 | $0.0M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✕ | ✕ | ✕ |
| Current ratio rose | ✕ | ✓ | ✓ |
| Share count didn't rise | ✓ | ✓ | ✓ |
| Gross margin rose | ✓ | ✕ | ✓ |
| Revenue rose relative to assets | ✕ | ✕ | ✕ |
| F-score | 5 / 9 | 5 / 9 | 6 / 9 |
| Accruals ratio | −3.5% | −6.3% | −5.8% |
| Altman Z'' | 3.86 | 3.98 | 3.84 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Accenture ACN | $154.0B | 6.5% | 15.4% | 15.7% | 30.6% | 18.4x | 6 | |
| IBM IBM | $241.8B | 7.6% | — | 17.9% | 15.4% | 21.6x | 6 | Compare → |
| Cognizant CTSH | $33.6B | 7.0% | 16.1% | 12.3% | 16.2% | 15.3x | 6 | Compare → |
| Kyndryl KD | $3.3B | 0.2% | — | 2.3% | 7.8% | 39.9x | 6 | Compare → |
| DXC Technology DXC | $2.7B | −1.8% | 7.7% | 8.2% | 9.2% | 21.2x | 7 | Compare → |
Stories about Accenture
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $36.2B | $41.0B | $43.2B | $44.3B | $50.5B | $61.6B | $64.1B | $64.9B | $69.7B | $74.2B |
| Gross profit | $11.1B | $12.5B | $13.3B | $14.0B | $16.4B | $19.7B | $20.7B | $21.2B | $22.2B | $23.8B |
| Research and development | $704M | $791M | $800M | $871M | $1.1B | $1.1B | $1.3B | $1.2B | $817M | $1.0B |
| Operating income | $5.2B | $5.9B | $6.3B | $6.5B | $7.6B | $9.4B | $8.8B | $9.6B | $10.2B | $11.4B |
| Interest expense | $15.5M | $19.5M | $23.0M | $33.1M | $59.5M | $47.3M | $47.5M | $59.0M | $229M | $303M |
| Pretax income | $4.6B | $5.8B | $6.3B | $6.8B | $7.8B | $9.2B | $9.1B | $9.7B | $10.3B | $11.4B |
| Income tax | $981M | $1.6B | $1.4B | $1.6B | $1.8B | $2.2B | $2.1B | $2.3B | $2.4B | $2.8B |
| Net income | $3.4B | $4.1B | $4.8B | $5.1B | $5.9B | $6.9B | $6.9B | $7.3B | $7.7B | $8.4B |
| Diluted EPS | $5.44 | $6.34 | $7.36 | $7.89 | $9.16 | $10.71 | $10.77 | $11.44 | $12.15 | $13.56 |
| Diluted shares | 0.66B | 0.66B | 0.65B | 0.65B | 0.65B | 0.64B | 0.64B | 0.64B | 0.63B | 0.62B |
| Cash flow | ||||||||||
| Cash from operations | $5.0B | $6.0B | $6.6B | $8.2B | $9.0B | $9.5B | $9.5B | $9.1B | $11.5B | $12.4B |
| Capital expenditure | $516M | $619M | $599M | $599M | $580M | $718M | $528M | $517M | $600M | $743M |
| Free cash flow | $4.5B | $5.4B | $6.0B | $7.6B | $8.4B | $8.8B | $9.0B | $8.6B | $10.9B | $11.6B |
| Depreciation and amortization | $802M | $927M | $893M | $1.0B | $1.1B | $1.3B | $1.4B | $1.4B | $1.4B | $1.2B |
| Stock-based compensation | $795M | $977M | $1.1B | $1.2B | $1.3B | $1.7B | $1.9B | $1.9B | $2.1B | $2.1B |
| Acquisitions | $1.7B | $658M | $1.2B | $1.5B | $4.2B | $3.4B | $2.5B | $6.6B | $1.5B | $4.9B |
| Share buybacks | $2.6B | $2.6B | $2.7B | $2.9B | $3.7B | $4.1B | $4.3B | $4.5B | $4.6B | $7.5B |
| Dividends paid | $1.6B | $1.7B | $1.9B | $2.0B | $2.2B | $2.5B | $2.8B | $3.2B | $3.7B | $4.0B |
| Dividends and buybacks | $4.2B | $4.3B | $4.6B | $5.0B | $5.9B | $6.6B | $7.2B | $7.8B | $8.3B | $11.5B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $4.1B | $5.1B | $6.1B | $8.5B | $8.2B | $7.9B | $9.0B | $5.0B | $11.5B | $12.8B |
| Total debt | $22.2M | $19.7M | $16.2M | $54.1M | $53.5M | $45.9M | $43.1M | $1.0B | $5.1B | $10.1B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $12.1B | $13.6B | $15.5B | $17.7B | $19.7B | $21.6B | $23.4B | $20.9B | $28.9B | $31.8B |
| Current liabilities | $9.8B | $10.2B | $11.1B | $12.7B | $15.7B | $17.5B | $18.0B | $19.0B | $20.4B | $22.3B |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $1.1B | $1.3B | $1.4B | $1.5B | $1.6B | $1.7B | $1.5B | $1.5B | $1.6B | $1.7B |
| Total assets | $22.7B | $24.4B | $29.8B | $37.1B | $43.2B | $47.3B | $51.2B | $55.9B | $65.4B | $73.6B |
| Total liabilities | $13.0B | $13.7B | $15.0B | $19.6B | $23.1B | $24.5B | $24.8B | $26.8B | $33.2B | $40.9B |
| Shareholders' equity | $8.9B | $10.4B | $14.4B | $17.0B | $19.5B | $22.1B | $25.7B | $28.3B | $31.2B | $31.6B |
| Margins | ||||||||||
| Gross margin | 30.6% | 30.5% | 30.8% | 31.5% | 32.4% | 32.0% | 32.3% | 32.6% | 31.9% | 32.1% |
| Operating margin | 14.4% | 14.4% | 14.6% | 14.7% | 15.1% | 15.2% | 13.7% | 14.8% | 14.7% | 15.4% |
| EBITDA margin | 16.6% | 16.7% | 16.7% | 17.0% | 17.3% | 17.4% | 15.9% | 17.0% | 16.6% | 17.1% |
| Net margin | 9.5% | 9.9% | 11.1% | 11.5% | 11.7% | 11.2% | 10.7% | 11.2% | 11.0% | 11.3% |
| FCF margin | 12.3% | 13.2% | 14.0% | 17.2% | 16.6% | 14.3% | 14.0% | 13.3% | 15.6% | 15.7% |
| Returns | ||||||||||
| Return on capital | 91.8% | 75.9% | 67.9% | 56.2% | 56.0% | 53.0% | 41.7% | 34.4% | 30.6% | 30.6% |
| Return on capital employed | 42.2% | 43.4% | 38.2% | 30.2% | 29.4% | 32.8% | 28.0% | 27.3% | 24.9% | 23.7% |
| Return on equity | 41.8% | 42.0% | 38.6% | 32.5% | 32.3% | 33.0% | 28.8% | 26.9% | 25.8% | 26.7% |
| Return on assets | 15.9% | 17.2% | 17.6% | 15.3% | 14.7% | 15.2% | 14.0% | 13.6% | 12.7% | 12.0% |
| Growth | ||||||||||
| Revenue growth | 4.0% | 13.3% | 5.4% | 2.6% | 14.0% | 21.9% | 4.1% | 1.2% | 7.4% | 6.5% |
| Net income growth | −16.2% | 17.8% | 17.7% | 6.9% | 15.6% | 16.4% | −0.1% | 5.7% | 5.7% | 9.0% |
| EPS growth | −15.7% | 16.5% | 16.1% | 7.2% | 16.1% | 16.9% | 0.6% | 6.2% | 6.2% | 11.6% |
| FCF growth | 6.9% | 21.3% | 11.5% | 26.4% | 10.2% | 5.1% | 2.0% | −4.2% | 26.2% | 6.9% |
| Share count change | −1.1% | −0.8% | −0.8% | −0.4% | −0.3% | −0.5% | −0.7% | −0.4% | −0.6% | −2.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | −0.7x | −0.7x | −0.9x | −1.1x | −0.9x | −0.7x | −0.9x | −0.4x | −0.6x | −0.2x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.2x | 0.3x |
| Interest coverage | 334.0x | 301.9x | 274.6x | 197.0x | 128.1x | 198.0x | 185.4x | 162.7x | 44.7x | 37.6x |
| Current ratio | 1.2x | 1.3x | 1.4x | 1.4x | 1.3x | 1.2x | 1.3x | 1.1x | 1.4x | 1.4x |
| Quick ratio | 1.2x | 1.3x | 1.4x | 1.4x | 1.3x | 1.2x | 1.3x | 1.1x | 1.4x | 1.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.4% | 1.5% | 1.4% | 1.4% | 1.2% | 1.2% | 0.8% | 0.8% | 0.9% | 1.0% |
| Stock comp / revenue | 2.2% | 2.4% | 2.5% | 2.7% | 2.7% | 2.7% | 3.0% | 3.0% | 3.0% | 2.8% |
| Payouts / FCF | 94.6% | 80.4% | 75.6% | 65.0% | 70.8% | 74.5% | 79.6% | 90.2% | 76.5% | 99.0% |
| Quality scores | ||||||||||
| Piotroski F-score | 6.0 | 8.0 | 8.0 | 6.0 | 6.0 | 6.0 | 7.0 | 5.0 | 5.0 | 6.0 |
| Altman Z'' | 4.0 | 4.4 | 4.6 | 4.1 | 3.8 | 4.1 | 4.2 | 3.9 | 4.0 | 3.8 |
| Accruals ratio | −7.1% | −8.3% | −6.8% | −9.3% | −7.7% | −5.9% | −5.4% | −3.5% | −6.3% | −5.8% |
Source: SEC EDGAR XBRL filings (CIK 0001467373). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.