Revenue grew to $18.7 billion in 2026Q4 (+6.2% YoY, lower end of the 5.6–9.0% historical range), while operating margins swung sharply between 11.6% and 17.0% quarterly, suggesting seasonal operating leverage and persistent gross margin ceiling near 32%.
Accenture plc (ACN) annual income statement — 25-year revenue, gross profit & net income history
| Metric | TTM | Aug'25 | Aug'24 | Aug'23 | Aug'22 | Aug'21 | Aug'20 | Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 | Aug'08 | Aug'07 | Aug'06 | Aug'05 | Aug'04 | Aug'03 | Aug'02 | Aug'01 |
|---|
| Sales/Revenue | 74.18B | 69.67B | 64.9B | 64.11B | 61.59B | 50.53B | 44.33B | 43.22B | 40.99B | 36.18B | 34.8B | 32.91B | 31.87B | 30.39B | 29.78B | 27.35B | 23.09B | 23.17B | 25.31B | 21.45B | 18.23B | 17.09B | 15.11B | 13.4B | 13.11B | 13.06B |
| Revenue Growth % | 6.47% | 7.36% | 1.22% | 4.09% | 21.89% | 14% | 2.57% | 5.42% | 13.31% | 3.96% | 5.72% | 3.26% | 4.87% | 2.07% | 8.87% | 18.44% | -0.33% | -8.47% | 18% | 17.69% | 6.63% | 13.11% | 12.81% | 2.23% | 0.33% | - |
| Cost of Goods Sold | 50.44B | 47.44B | 43.73B | 43.38B | 41.89B | 34.17B | 30.35B | 29.9B | 28.5B | 25.11B | 24.52B | 23.11B | 22.19B | 21.01B | 20.79B | 18.97B | 15.84B | 16.33B | 18.13B | 15.41B | 13.23B | 12B | 10.5B | 9.09B | 8.43B | 7.82B |
| COGS % of Revenue | - | 68.09% | 67.39% | 67.66% | 68.01% | 67.62% | 68.47% | 69.19% | 69.52% | 69.4% | 70.47% | 70.2% | 69.62% | 69.13% | 69.82% | 69.34% | 68.6% | 70.48% | 71.61% | 71.84% | 72.6% | 70.21% | 69.46% | 67.83% | 64.31% | 59.85% |
| Gross Profit | 23.75B | 22.24B | 21.16B | 20.73B | 19.7B | 16.36B | 13.98B | 13.31B | 12.44B | 11.03B | 10.28B | 9.81B | 9.68B | 9.38B | 8.99B | 8.39B | 7.25B | 6.84B | 7.19B | 6.04B | 4.99B | 5.09B | 4.62B | 4.31B | 4.68B | 5.24B |
| Gross Margin % | 32.01% | 31.91% | 32.61% | 32.34% | 31.99% | 32.38% | 31.53% | 30.81% | 30.35% | 30.49% | 29.53% | 29.8% | 30.38% | 30.87% | 30.18% | 30.66% | 31.4% | 29.52% | 28.39% | 28.16% | 27.4% | 29.79% | 30.54% | 32.17% | 35.69% | 40.15% |
| Gross Profit Growth % | - | 5.07% | 2.08% | 5.23% | 20.39% | 17.09% | 4.97% | 7.01% | 12.8% | 7.33% | 4.77% | 1.29% | 3.2% | 4.41% | 7.17% | 15.67% | 5.99% | -4.79% | 18.94% | 20.97% | -1.93% | 10.31% | 7.11% | -7.85% | -10.82% | - |
| Operating Expenses | 12.06B | 12.01B | 11.57B | 11.92B | 10.33B | 8.74B | 7.46B | 7.01B | 6.59B | 5.88B | 5.47B | 5.37B | 5.38B | 5.05B | 5.12B | 4.92B | 4.34B | 4.2B | 4.17B | 3.55B | 3.15B | 2.98B | 2.86B | 2.76B | 3.29B | 4.55B |
| OpEx % of Revenue | - | 17.24% | 17.82% | 18.6% | 16.78% | 17.3% | 16.84% | 16.22% | 16.09% | 16.25% | 15.71% | 16.33% | 16.89% | 16.6% | 17.18% | 17.97% | 18.77% | 18.11% | 16.49% | 16.54% | 17.3% | 17.44% | 18.91% | 20.59% | 25.12% | 34.82% |
| Selling, General & Admin | 12.06B | 11.39B | 11.13B | 10.86B | 10.33B | 8.74B | 7.46B | 7.01B | 6.6B | 5.88B | 5.47B | 5.37B | 5.4B | 5.32B | 5.11B | 4.91B | 4.33B | 3.95B | 4.15B | 3.52B | 3.2B | 3.07B | 2.83B | 2.76B | 3.18B | 3.58B |
| SG&A % of Revenue | - | 16.35% | 17.15% | 16.94% | 16.78% | 17.3% | 16.84% | 16.22% | 16.11% | 16.25% | 15.71% | 16.33% | 16.95% | 17.5% | 17.18% | 17.97% | 18.73% | 17.04% | 16.4% | 16.42% | 17.56% | 17.96% | 18.72% | 20.59% | 24.28% | 27.42% |
| Research & Development | 0 | 817.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.17% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -201.98M | 438.44M | 1.06B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.02M | -272.04M | 1.69M | 1.52M | 9.54M | 249.27M | 22.87M | 26.37M | -47.97M | -89.26M | 28.89M | -19.35M | 110.52M | 1.82B |
| Operating Income | 11.68B | 10.23B | 9.6B | 8.81B | 9.37B | 7.62B | 6.51B | 6.31B | 5.9B | 5.19B | 4.81B | 4.44B | 4.3B | 4.34B | 3.87B | 3.47B | 2.91B | 2.64B | 3.01B | 2.49B | 1.84B | 2.11B | 1.76B | 1.55B | 1.39B | 695.76M |
| Operating Margin % | 15.75% | 14.68% | 14.79% | 13.74% | 15.21% | 15.08% | 14.69% | 14.59% | 14.39% | 14.35% | 13.82% | 13.48% | 13.49% | 14.27% | 13% | 12.69% | 12.62% | 11.41% | 11.9% | 11.62% | 10.1% | 12.35% | 11.64% | 11.58% | 10.57% | 5.33% |
| Operating Income Growth % | - | 6.56% | 8.92% | -5.95% | 22.9% | 17.01% | 3.31% | 6.89% | 13.63% | 7.92% | 8.44% | 3.15% | -0.88% | 12.07% | 11.56% | 19.06% | 10.25% | -12.21% | 20.82% | 35.39% | -12.8% | 20.05% | 13.37% | 11.97% | 99.13% | - |
| EBITDA | 13.37B | 12.67B | 10.67B | 9.87B | 10.4B | 9.51B | 8.29B | 7.2B | 6.83B | 5.99B | 5.54B | 5.08B | 4.92B | 4.93B | 4.47B | 3.98B | 3.39B | 3.14B | 3.5B | 2.94B | 2.16B | 2.39B | 2.02B | 1.79B | 1.67B | 1.11B |
| EBITDA Margin % | 18.02% | 18.18% | 16.45% | 15.4% | 16.88% | 18.82% | 18.69% | 16.66% | 16.65% | 16.57% | 15.92% | 15.44% | 15.44% | 16.23% | 14.99% | 14.56% | 14.68% | 13.56% | 13.84% | 13.69% | 11.86% | 14% | 13.34% | 13.35% | 12.75% | 8.5% |
| EBITDA Growth % | 12.74% | 18.68% | 8.13% | -5.06% | 9.3% | 14.79% | 15.13% | 5.45% | 13.89% | 8.19% | 9.01% | 3.26% | -0.21% | 10.45% | 12.08% | 17.53% | 7.86% | -10.29% | 19.27% | 35.87% | -9.68% | 18.73% | 12.71% | 7.04% | 50.55% | - |
| D&A (Non-Cash Add-back) | 1.68B | 2.44B | 1.08B | 1.06B | 1.03B | 1.89B | 1.77B | 892.76M | 926.78M | 801.79M | 729.05M | 645.92M | 620.74M | 593.03M | 593.54M | 513.26M | 474.69M | 498.59M | 491.42M | 444.5M | 320.61M | 282.07M | 257.08M | 237.21M | 285.36M | 414.07M |
| EBIT | 11.68B | 10.5B | 9.76B | 9.19B | 9.24B | 7.82B | 6.81B | 6.27B | 5.83B | 4.63B | 5.62B | 4.43B | 4.32B | 4.35B | 3.92B | 3.53B | 2.93B | 2.69B | 3.13B | 2.52B | 1.79B | 2.02B | 1.79B | 1.63B | 1.12B | 1.54B |
| Net Interest Income | 59.81M | 107.77M | 213.29M | 232.88M | -2.19M | -26.13M | 36.26M | 64.55M | 36.8M | 22.39M | 14.23M | 19.41M | 12.75M | 18.86M | 27.49M | 26.08M | 15.25M | 35.8M | 91.92M | 0 | 0 | 0 | 37.9M | 20.11M | -2.68M | 0 |
| Interest Income | 363.2M | 336.32M | 272.26M | 280.41M | 45.13M | 33.37M | 69.33M | 87.51M | 56.34M | 37.94M | 30.48M | 33.99M | 30.37M | 32.89M | 42.55M | 41.08M | 29.93M | 49.92M | 114.62M | 0 | 0 | 0 | 59.94M | 41.13M | 46.19M | 0 |
| Interest Expense | 303.4M | 228.56M | 58.97M | 47.52M | 47.32M | 59.49M | 33.07M | 22.96M | 19.54M | 15.54M | 16.26M | 14.58M | 17.62M | 14.04M | 15.06M | 15M | 14.68M | 14.12M | 22.7M | 0 | 0 | 0 | 22.04M | 21.02M | 48.86M | 0 |
| Other Income/Expense | -311.93M | 44.73M | 103.48M | 329.44M | -171.01M | 139.59M | 260.69M | -53.28M | -90.69M | -575.37M | 793.13M | -25.34M | -2.81M | 272.66M | 32.63M | 41.56M | -476K | -202.05M | 71.66M | 126.3M | 82.61M | 184.02M | 39.94M | 61.58M | -317.89M | 99.1M |
| Pretax Income | 11.37B | 10.27B | 9.7B | 9.14B | 9.2B | 7.76B | 6.77B | 6.25B | 5.81B | 4.62B | 5.6B | 4.41B | 4.3B | 4.34B | 3.9B | 3.51B | 2.91B | 2.68B | 3.11B | 2.62B | 1.92B | 2.21B | 1.8B | 1.61B | 1.07B | 794.86M |
| Pretax Margin % | 15.33% | 14.74% | 14.95% | 14.26% | 14.93% | 15.36% | 15.28% | 14.47% | 14.17% | 12.76% | 16.1% | 13.4% | 13.48% | 14.28% | 13.11% | 12.84% | 12.62% | 11.56% | 12.28% | 12.21% | 10.55% | 12.9% | 11.9% | 12.04% | 8.15% | 6.09% |
| Income Tax | 2.85B | 2.44B | 2.28B | 2.14B | 2.21B | 1.77B | 1.59B | 1.41B | 1.59B | 981.1M | 1.25B | 1.14B | 1.12B | 784.77M | 1.08B | 958.78M | 853.91M | 739.59M | 910.57M | 895.86M | 490.54M | 697.1M | 575.54M | 566.1M | 491.07M | 502.62M |
| Effective Tax Rate % | 25.06% | 23.74% | 23.51% | 23.37% | 24% | 22.81% | 23.46% | 22.48% | 27.44% | 21.25% | 22.38% | 25.77% | 26.1% | 18.09% | 27.64% | 27.3% | 29.3% | 27.62% | 29.3% | 34.21% | 25.5% | 31.6% | 32% | 35.1% | 46% | 63.23% |
| Net Income | 8.4B | 7.68B | 7.26B | 6.87B | 6.88B | 5.91B | 5.11B | 4.78B | 4.06B | 3.45B | 4.11B | 3.05B | 2.94B | 3.28B | 2.55B | 2.28B | 1.78B | 1.59B | 1.69B | 1.24B | 973.33M | 940.47M | 690.83M | 498.24M | 244.9M | 1.06B |
| Net Margin % | 11.32% | 11.02% | 11.19% | 10.72% | 11.17% | 11.69% | 11.52% | 11.06% | 9.9% | 9.52% | 11.82% | 9.28% | 9.23% | 10.8% | 8.58% | 8.33% | 7.71% | 6.86% | 6.68% | 5.79% | 5.34% | 5.5% | 4.57% | 3.72% | 1.87% | 8.1% |
| Net Income Growth % | 9.41% | 5.69% | 5.72% | -0.08% | 16.43% | 15.64% | 6.88% | 17.71% | 17.84% | -16.21% | 34.66% | 3.81% | -10.37% | 28.52% | 12.11% | 27.91% | 11.99% | -6.02% | 36.09% | 27.72% | 3.49% | 36.14% | 38.65% | 103.45% | -76.84% | - |
| Net Income (Continuing) | 8.52B | 7.83B | 7.42B | 7B | 6.99B | 5.99B | 5.19B | 4.85B | 4.21B | 3.63B | 4.35B | 3.27B | 3.18B | 3.55B | 2.82B | 2.55B | 2.06B | 1.94B | 2.2B | 1.24B | 973.33M | 940.47M | 690.83M | 1.05B | 576.49M | 869.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.69B | 1.05B | 879.6M | 765.75M | 640.99M | 567.66M | 498.64M | 418.68M | 359.83M | 760.72M | 634.11M | 513.85M | 553.3M | 467.64M | 478.6M | 471.92M | 438.98M | 550.99M | 652.17M | 740.19M | 867.88M | 980.96M | 940.96M | 924.09M | 519.4M | 407.93M |
| EPS (Diluted) | 13.88 | 12.15 | 11.44 | 10.77 | 10.71 | 9.16 | 7.89 | 7.35 | 6.20 | 5.44 | 6.45 | 4.76 | 4.52 | 4.93 | 3.84 | 3.40 | 2.66 | 2.44 | 2.65 | 1.97 | 1.59 | 1.56 | 1.22 | 1.05 | 0.56 | 1.13 |
| EPS Growth % | 11.6% | 6.21% | 6.22% | 0.56% | 16.92% | 16.1% | 7.35% | 18.55% | 13.97% | -15.66% | 35.5% | 5.31% | -8.32% | 28.39% | 12.94% | 27.82% | 9.02% | -7.92% | 34.52% | 23.9% | 1.92% | 27.87% | 16.19% | 87.5% | -50.44% | - |
| EPS (Basic) | - | 12.29 | 11.57 | 10.90 | 10.87 | 9.31 | 8.03 | 7.49 | 6.46 | 5.56 | 6.58 | 4.87 | 4.64 | 5.08 | 3.97 | 3.53 | 2.79 | 2.55 | 2.77 | 2.06 | 1.65 | 1.60 | 1.25 | 1.06 | 0.57 | 2.58 |
| Diluted Shares Outstanding | 605.28M | 632.44M | 635.94M | 638.59M | 642.84M | 645.91M | 647.8M | 650.2M | 655.3M | 660.46M | 667.77M | 678.76M | 692.39M | 712.76M | 726.42M | 742.18M | 766.05M | 785.37M | 823.21M | 861.92M | 894.26M | 960.85M | 1B | 996.75M | 1.02B | 934.47M |
| Basic Shares Outstanding | 601.58M | 624.89M | 627.85M | 630.61M | 632.76M | 634.75M | 636.3M | 638.1M | 628.45M | 620.1M | 624.8M | 626.8M | 634.22M | 645.54M | 643.13M | 645.63M | 637.17M | 623.01M | 610.95M | 604.13M | 589.1M | 588.51M | 553.3M | 468.59M | 425.94M | 410.49M |
| Dividend Payout Ratio | - | 48.19% | 44.62% | 41.1% | 35.69% | 37.81% | 39.84% | 38.96% | 42.09% | 45.5% | 34.98% | 44.32% | 42.66% | 34.18% | 37.24% | 28.26% | 39.89% | 23.8% | 19.72% | 23.57% | 27.53% | - | - | - | - | - |
Quick answers to the most common questions about buying ACN stock.
For fiscal year 2025, Accenture plc (ACN) reported total revenue of $69.67B. This represents a 433.4% increase compared to $13.06B in 2001.
Accenture plc (ACN) is profitable, generating $7.68B in net income for the fiscal year ending 2025 with a net profit margin of 11.0%.
Accenture plc (ACN) reported an operating income of $10.23B, resulting in an operating profit margin of 14.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Accenture plc (ACN) generated $22.24B in gross profit for the year, representing a gross profit margin of 31.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Billable-hour model faces AI deflation risk
Metrics are mathematically derived from official filings.
Steady Growth with Mild Deceleration Signals
Accenture's revenue has grown from $16.5B in 2024Q3 to $18.7B in 2026Q4, maintaining 6–8% YoY growth across ten quarters, though the 2026Q4 growth rate of 6.2% sits at the lower end of the historical range, suggesting slight deceleration.
Revenue growth has consistently fallen within a 5–9% band over the ten-quarter window, with no sign of acceleration despite management's push into GenAI and 'Total Enterprise Reinvention' engagements. The moderation from ~9.0% in 2025Q1 to the 5.6–6.2% range in recent quarters may indicate that new bookings are not yet translating into proportional revenue gains, or that the shift in client demand toward more foundational infrastructure work is diluting near-term billable growth. Investors should monitor whether the GenAI-driven bookings narrative converts into an actual re-acceleration or remains a valuation-supporting story.
Structural Ceiling on Gross Margin Expansion
Gross margins have fluctuated between 29.9% and 33.5% across ten quarters, with consistent fourth-quarter compression below 32%, while operating margins swung sharply from 11.6% in 2025Q4 to 17.0% in 2026Q3, highlighting pronounced seasonal operating leverage.
The gross margin band around 32% appears structurally stable rather than trending upward, which is consistent with a labor-intensive delivery model where pricing power is constrained by competitive dynamics and wage inflation pass-through lags. The wide quarterly swings in operating margin — from a trough of 11.6% to a peak of 17.0% — appear driven primarily by seasonality and SG&A timing rather than fundamental changes in delivery efficiency or mix. Against peers such as Infosys (20.3% operating margin) and IBM (18.5% operating margin), Accenture's 13.8% recent-quarter operating margin suggests either a richer mix of lower-margin Operations revenue or less aggressive offshore cost arbitrage, both of which would be worth monitoring into the next reporting cycle.
Modest Overhead Efficiency Emerging
SG&A grew approximately 11% from $2.8B in 2024Q3 to $3.1B in 2026Q4, while revenue expanded roughly 14% over the same span, indicating modest operating leverage, though significant quarterly swings in operating income suggest this leverage remains inconsistent.
SG&A as a percentage of revenue has declined slightly from ~17.0% in 2024Q3 to ~16.6% in 2026Q4, a modest signal of overhead efficiency that is directionally positive but not yet at a level that would meaningfully expand margins. However, the operating income data show a wide dispersion — $2.6B in both 2024Q3 and 2026Q4, but $3.2B in 2026Q3 and 2026Q1 — indicating that the underlying operating leverage has not been stable across periods. The isolated $817.3M R&D charge recorded in 2025Q4, versus zero in all other quarters, may also be masking a structural investment line that is being expensed inconsistently, which complicates the interpretation of underlying operating leverage trends.
Quarterly EPS Volatility and Isolated R&D Anomaly
Diluted EPS ranged from $2.25 in 2025Q4 to $3.80 in 2026Q3, while stock-based compensation peaked at $713.4M in 2026Q2 — and an isolated $817.3M R&D charge in 2025Q4, versus zero in all other reported quarters, warrants further investigation.
The extreme quarterly EPS variance — a swing of over 60% between trough and peak — suggests that reported net income is influenced by significant non-recurring items, timing effects, or both, rather than purely by underlying operating performance. The Q2 SBC spikes (peaking at $713.4M in 2026Q2 versus $455.9M in 2026Q4) indicate that equity compensation expense is not being recognized evenly across periods, which may be distorting quarter-over-quarter EPS comparisons. The absence of R&D expense in nine of the ten quarters, followed by a single $817.3M charge in 2025Q4, suggests a potential classification shift or one-time write-off that, if recurring or indicative of a hidden R&D cost structure, could reduce the durability of the ~11% net margin observed in recent quarters.
Growth Slowdown and AI Deflation Risk
Revenue growth has moderated from 7–9% in early periods to the 5.6–6.2% range in recent quarters, gross margins show no upward trajectory around the ~32% mark, and the billable-hour delivery model may face deflationary pressure from AI adoption across the industry.
A short-seller or cautious analyst would likely focus on the fact that ACN's revenue growth has been gradually softening while its gross margin structure remains flat around 32%, offering limited cushion if pricing pressure or utilization declines emerge. The skipped guidance tone in the October 2026 earnings report — with no explicit beat/miss or revised expectations disclosed — appears to signal management uncertainty about near-term demand visibility, which warrants scrutiny. More fundamentally, if generative AI compresses the billable hours required for standard coding, testing, and migration work, ACN's revenue base could face structural headwinds that would pressure both top-line growth and the ~13–14% operating margin base currently observed, particularly given the 31.9% gross margin's limited cushion for cost or pricing shocks.