Accenture (ACN) Q4 2026 earnings summary

Executive summary

• Q4 FY26 revenue was $18.68B, up 7% in local currency and 6% in USD, exceeding guidance with broad-based growth.

• FY26 revenue reached $74.18B, up 5% in local currency; adjusted EPS rose 8% to $13.97 and adjusted operating margin expanded 20 bps to 15.8%.

• Large-scale reinventions, ecosystem work, and AI demand supported performance; FY27 guidance calls for 3%-6% local-currency revenue growth and 10-30 bps adjusted margin expansion.

• FY26 bookings totaled $84.5B, with 141 client bookings over $100M and a 1.1 book-to-bill ratio.

• Record $11.5B was returned to shareholders in FY26, including $7.5B in share repurchases and $4.0B in dividends.

Financial highlights

• Q4 bookings were $22.2B, up 4% in USD and 5% in local currency; book-to-bill was 1.2, with 37 clients booking over $100M.

• Q4 adjusted operating margin was 15.3%, up 20 bps; adjusted diluted EPS rose 9% to $3.29. GAAP operating margin rose 370 bps and GAAP diluted EPS rose 46% to $3.29.

• FY26 free cash flow was $11.6B, up 7%, with a 1.4 FCF-to-net-income ratio; Q4 free cash flow was $2.8B.

• FY26 growth absorbed an ~1 percentage-point impact from the federal business, which sunset at the end of Q3.

Outlook and guidance

• FY27 revenue growth is guided at 3%-6% in local currency, including a 2%-2.5% inorganic contribution; FX is assumed flat in USD.

• Q1 FY27 revenue guidance is $18.95B-$19.60B, or 2%-6% local-currency growth; assumed FX impact is ~-1% versus Q1 FY26.

• FY27 adjusted operating margin is guided to 15.9%-16.1%, up 10-30 bps; adjusted diluted EPS guidance is $14.39-$14.81, up 3%-6%.

• FY27 operating cash flow is expected at $11.9B-$12.7B, capex at ~$900M, and free cash flow at $11.0B-$11.8B; at least $9.5B is expected to be returned to shareholders.

• Guidance assumes discretionary spending is stable to slightly improving at the high end and deteriorates at the low end; Middle East impacts are expected to continue.