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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 clients 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
Generative 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; adjusted1 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; excluding 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
1Adjusted 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. DollarsLocal Currency
Consulting$8.77 %%
Managed Services$8.82 %%
Total$17.60 7 %4.5 %
Q4 Revenues by Geographic Market
Revenues
(in billions)
Increase (Decrease) from Q4 FY24
U.S. DollarsLocal Currency
Americas2
$8.80 %%
EMEA$6.20 10 %%
Asia Pacific2
$2.60 11 %%
Total$17.60 7 %4.5 %
Q4 Revenues by Industry Group
Revenues
(in billions)
Increase (Decrease) from Q4 FY24
U.S. DollarsLocal Currency
Communications, Media & Technology$2.95 %%
Financial Services$3.32 15 %12 %
Health & Public Service$3.56 (1)%(3)%
Products$5.38 %%
Resources$2.39 %%
Total$17.60 7 %4.5 %
Amounts in tables may not total due to rounding.
2During 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 implementing 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 company 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 impairment 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. DollarsLocal Currency
Consulting$35.11 %%
Managed Services$34.57 %%
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. DollarsLocal Currency
Americas2
$35.06 %%
EMEA$24.64 %%
Asia Pacific2
$9.97 %%
Total$69.67 7 %7 %
Fiscal 2025 Revenues by Industry Group
Revenues
(in billions)
Increase (Decrease) from FY24
U.S. DollarsLocal Currency
Communications, Media & Technology$11.45 %%
Financial Services$12.77 10 %10 %
Health & Public Service$14.76 %%
Products$21.20 %%
Resources$9.48 %%
Total$69.67 7 %7 %
Amounts in tables may not total due to rounding.
2During 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.
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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 Resultsapprox. +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 Resultsapprox. +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
Capital Returnat least $9.3B
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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

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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

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9



Accenture plc
Consolidated Income Statements
(In thousands of U.S. dollars, except share and per share amounts)
(Unaudited)
Three Months EndedYear Ended
August 31,
2025
% of RevenuesAugust 31,
2024
% of RevenuesAugust 31,
2025
% of RevenuesAugust 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 costs615,324 3.5 %105,947 0.6 %615,324 0.9 %438,440 0.7 %
Total operating expenses15,546,569 14,052,151 59,447,313 55,300,617 
OPERATING INCOME2,049,691 11.6 %2,353,668 14.3 %10,225,664 14.7 %9,595,847 14.8 %
Interest income105,197 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 TAXES2,075,235 11.8 %2,332,561 14.2 %10,270,393 14.7 %9,699,323 14.9 %
Income tax expense625,429 613,895 2,437,993 2,280,126 
NET INCOME1,449,806 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:
Basic622,635,814 626,122,298 624,891,649 627,852,613 
Diluted629,418,129 633,883,494 632,435,108 635,940,044 
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.


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Accenture plc
Summary of Revenues
(In thousands of U.S. dollars)
(Unaudited)
Three Months EndedPercent
Increase (Decrease)
U.S.
Dollars
Percent
Increase (Decrease)
Local
Currency
August 31, 2025August 31, 2024
GEOGRAPHIC MARKETS
Americas (1)$8,804,391 $8,423,447 5%5%
EMEA6,196,281 5,638,763 103
Asia Pacific (1)2,595,588 2,343,609 116
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 Services3,315,700 2,872,964 1512
Health & Public Service3,563,632 3,613,865 (1)(3)
Products5,376,132 4,948,907 95
Resources2,386,839 2,219,570 85
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 86
Total Revenues$17,596,260 $16,405,819 7%4.5%
Year EndedPercent
Increase (Decrease)
U.S. Dollars
Percent
Increase (Decrease)
Local
Currency
August 31, 2025August 31, 2024
GEOGRAPHIC MARKETS
Americas (1)$35,056,715 $32,552,489 8%9%
EMEA24,643,957 22,817,879 86
Asia Pacific (1)9,972,305 9,526,096 54
Total Revenues$69,672,977 $64,896,464 7%7%
INDUSTRY GROUPS
Communications, Media & Technology$11,453,982 $10,837,174 6%6%
Financial Services12,773,856 11,610,225 1010
Health & Public Service14,762,837 13,840,634 76
Products21,197,397 19,554,154 88
Resources9,484,905 9,054,277 55
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 99
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.


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Accenture plc
Operating Income by Geographic Market
(In thousands of U.S. dollars)
(Unaudited)
Three Months Ended
August 31, 2025August 31, 2024
Operating
Income
Operating
Margin
Operating
Income
Operating
Margin
Increase
(Decrease)
Americas (1)$987,032 11 %$1,295,736 15 %$(308,704)
EMEA662,688 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, 2025August 31, 2024
Operating
Income
Operating
Margin
Operating
Income
Operating
Margin
Increase
(Decrease)
Americas (1)$5,324,339 15 %$5,079,651 16 %$244,688 
EMEA3,090,993 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, 2025August 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 %
EMEA662,688 131,980 794,668 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, 2025August 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 %
EMEA3,090,993 131,980 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, 2025August 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 Margin11.6 %3.5 %15.1 %14.3 %0.7 %15.0 %
Income before income taxes2,075,235 615,324 2,690,559 2,332,561 105,947 2,438,508 
Income tax expense625,429 125,913 751,342 613,895 25,644 639,539 
Net Income$1,449,806 $489,411 $1,939,217 $1,718,666 $80,303 $1,798,969 
Effective tax rate30.1 %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, 2025August 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 Margin14.7 %0.9 %15.6 %14.8 %0.7 %15.5 %
Income before income taxes10,270,393 615,324 10,885,717 9,699,323 438,440 10,137,763 
Income tax expense2,437,993 125,913 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 rate23.7 %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, 2025August 31, 2024
(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents$11,478,729 $5,004,469 
Short-term investments5,945 5,396 
Receivables and contract assets 14,985,073 13,664,847 
Other current assets2,430,942 2,183,069 
Total current assets28,900,689 20,857,781 
NON-CURRENT ASSETS:
Contract assets 180,362 120,260 
Investments721,260 334,664 
Property and equipment, net1,566,374 1,521,119 
Lease assets2,740,321 2,757,396 
Goodwill22,536,416 21,120,179 
Other non-current assets8,749,475 9,220,964 
Total non-current assets36,494,208 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 payable2,695,589 2,743,807 
Deferred revenues6,073,170 5,174,923 
Accrued payroll and related benefits8,084,214 7,050,833 
Lease liabilities729,003 726,202 
Other accrued liabilities2,655,637 2,334,133 
Total current liabilities20,352,097 18,976,127 
NON-CURRENT LIABILITIES:
Long-term debt5,034,169 78,628 
Lease liabilities2,305,210 2,369,490 
Other non-current liabilities5,462,454 5,339,870 
Total non-current liabilities12,801,833 7,787,988 
Total Accenture plc shareholders’ equity31,195,446 28,288,646 
Noncontrolling interest1,045,521 879,602 
Total Shareholders' Equity32,240,967 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 EndedYear Ended
August 31, 2025August 31, 2024August 31, 2025August 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income$1,449,806 $1,718,666 $7,832,400 $7,419,197 
Depreciation, amortization and other758,932 596,405 2,441,594 2,168,038 
Share-based compensation expense439,547 402,788 2,093,878 1,941,590 
Change in assets and liabilities/other, net1,265,862 671,572 (893,473)(2,397,798)
Net cash provided by (used in) operating activities3,914,147 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 transferred14,086 7,816 36,834 28,721 
Other investing, net4,299 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 shares156,110 150,808 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 EQUIVALENTS1,847,122 (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 

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