Revenue growth has fluctuated between -0.6% and 9.0% over the last ten quarters, while gross margins remain structurally capped within the 30.3% to 33.5% range.
| 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 | 73.1B | 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 % | 6.74% | 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 | 49.73B | 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 | 23.37B | 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 % | 31.97% | 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 | 12.5B | 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 | 11.89B | 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 | 817.3M | 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 | -1000K | -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 | 10.87B | 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 % | 14.87% | 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 | 12.3B | 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 % | 16.83% | 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 % | 5.06% | 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) | 1.45B | 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 | 10.85B | 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 | 99.21M | 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 | 365.02M | 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 | 265.82M | 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 | -221.03M | 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 | 10.65B | 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 % | 14.57% | 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 | 2.71B | 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 % | 25.45% | 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 | 7.82B | 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 % | 10.7% | 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 % | -1.57% | 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) | 7.94B | 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 | 1.12B | 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) | 12.71 | 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 % | -0.32% | 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 | 615.59M | 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 | 612.21M | 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% | - | - | - | - | - |
AI-driven billable hour cannibalization
According to recent financial disclosures, ACN's revenue growth has fluctuated between a low of -0.6% and a high of 9.0% over the last ten quarters, suggesting that the firm's top-line trajectory remains highly sensitive to broader enterprise IT spending cycles and discretionary project-based demand shifts.
The inconsistent revenue growth profile appears to reflect the company's reliance on large-scale digital transformation projects which are often the first to be deferred during periods of economic uncertainty. Investors should monitor whether the recent 5.6% growth in 2026Q3 represents a stabilization of demand or merely a temporary recovery in project-based consulting engagements.
As reported in quarterly filings, ACN's gross margin has consistently hovered near the 30-33% range, indicating that the firm's labor-intensive delivery model faces structural limitations in achieving significant margin expansion without a fundamental shift toward non-linear, software-led service delivery or increased automation of its core consulting tasks.
The stability of these margins suggests that management has successfully managed the pyramid staffing model, yet the lack of upward momentum implies that wage inflation and talent acquisition costs continue to offset efficiency gains. This margin ceiling warrants further investigation into whether the firm can maintain pricing power as clients increasingly demand AI-driven productivity improvements.
Based on the provided income statement data, ACN's operating margins have exhibited significant volatility, ranging from 11.6% to 17.0%, which suggests that the company struggles to scale operating income faster than gross profit due to the persistent need for high SG&A investment to support global operations.
The inability to consistently expand operating margins despite revenue growth indicates that the firm's cost structure is largely variable rather than fixed. This lack of operating leverage implies that any meaningful downturn in revenue could lead to rapid margin compression, as the company appears unable to significantly decouple its overhead from its top-line performance.
Analysis of recent SEC filings reveals that ACN consistently incurs substantial stock-based compensation expenses, reaching as high as $713.4 million in a single quarter, which necessitates aggressive share buyback activity to mitigate dilution and maintain the reported earnings per share trajectory for shareholders.
The reliance on equity-based incentives appears to be a core component of the firm's talent retention strategy, yet it complicates the assessment of true economic earnings. Investors should monitor whether the cash outflow required to offset this dilution limits the company's ability to pursue strategic acquisitions or return capital through dividends.
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.