Accenture

Accenture is a global professional services company. It helps large companies and governments change how they work with technology, data and AI. It sells consulting and managed services, and each was about half of revenue in fiscal 2026.

It serves about 9,000 clients in three geographic markets: the Americas, EMEA and Asia Pacific. Revenue was $74.2 billion in fiscal 2026, which ended on August 31, 2026, and Accenture had about 814,000 employees at that date. Accenture plc is incorporated in Ireland, and its shares trade on the New York Stock Exchange.

Accenture trades at a premium because investors pay for its scale, its long client relationships and its role in large AI programs. In fiscal 2026, revenue grew 5% in local currency to $74.2 billion, free cash flow was $11.6 billion and Accenture returned $11.5 billion to shareholders. But investors also fear that AI tools can reduce the work that clients buy from consultants and outsourcing teams. Consulting revenue grew only 3% in local currency in fiscal 2026, and new bookings also grew 3%.

For the premium to be earned, three things must be true. Revenue must grow within the fiscal 2027 guidance of 3% to 6% in local currency, with AI work that adds to revenue and does not replace it. The operating margin must expand by 10 to 30 basis points each year from fiscal 2027 to fiscal 2029, as management plans. Free cash flow must stay at $11.0 billion or more in fiscal 2027 while acquisition spending rises to about $8 billion.

The Q1 fiscal 2027 report, expected in mid-December 2026, gives the first test of bookings and growth. If revenue growth falls to the bottom of the range or bookings fall, the premium can shrink within one to two years.

1. Dec 17, 2026 · est.Pending

   Q1 fiscal 2027 results: bookings and growthRevenue within the guidance of $18.95 billion to $19.60 billion with a book-to-bill of 1.0 or more passes; revenue below the range or a lower full-year guidance fails.
2. Mar 2027 · est.Pending

   Q2 fiscal 2027 results: AI work and marginGrowth in the middle of the 3% to 6% range with a higher operating margin passes; growth near 3% or a lower margin fails.

Every passed and failed checkpoint across all picks

• October 14, 2026At its Investor Day, Accenture set an ambition of mid-single-digit revenue growth in fiscal 2027 and fiscal 2028 and mid to high-single-digit growth in fiscal 2029, in local currency. It plans to expand the operating margin by 10 to 30 basis points in each of these years. It expects to spend about $8 billion on acquisitions in fiscal 2027, including about $3 billion for the Cyber OT purchases, such as Dragos, that closed in the first quarter of fiscal 2027.
• October 1, 2026Accenture reported Q4 fiscal 2026 results. Revenue grew 7% in local currency to $18.68 billion, above its guided range. GAAP diluted EPS was $3.29, and new bookings were $22.17 billion. For fiscal 2026, revenue was $74.18 billion, adjusted EPS was $13.97 and free cash flow was $11.62 billion. For fiscal 2027, Accenture guides revenue growth of 3% to 6% in local currency, GAAP diluted EPS of $14.39 to $14.81 and free cash flow of $11.0 billion to $11.8 billion.
• October 1, 2026Accenture raised its quarterly dividend by 5% to $1.71 per share. In September 2026, its Board approved $6.0 billion of additional share repurchase authority, for a total of about $6.9 billion. Accenture expects to return at least $9.5 billion to shareholders in fiscal 2027.

Last earnings

October 1, 2026 (8-K on sec.gov)

Next earnings

Expected about December 17, 2026. The company has not confirmed the date.

• 10-KAnnual report for the period ended Aug 31, 2026Filed October 16, 2026 · acn-20260831
• 8-KInvestor disclosureFiled October 14, 2026 · acn-20261014
• 8-KEarnings releaseFiled October 1, 2026 · acn-20261001
• 8-KOther company newsFiled July 10, 2026 · Read it on sec.gov
• 8-KInvestor disclosureFiled June 23, 2026 · acn-20260623
• 10-QQuarterly report for the period ended May 31, 2026Filed June 18, 2026 · acn-20260531
• 8-KEarnings releaseFiled June 18, 2026 · acn-20260618
• 8-KNew material agreement and End of a material agreementFiled April 24, 2026 · acn-20260422
• 10-QQuarterly report for the period ended Feb 28, 2026Filed March 19, 2026 · acn-20260228
• 8-KEarnings releaseFiled March 19, 2026 · acn-20260319

Every filing on SEC EDGAR (CIK 1467373)

• AI tools can reduce the amount of work that clients buy from consultants and outsourcing teams, or push prices down. Consulting revenue grew only 3% in local currency in fiscal 2026. If clients use AI to do more work themselves, Accenture's growth and margins can fall.
• U.S. federal work is at risk. Lower federal spending cut fiscal 2026 revenue growth by about 1%. The U.S. Department of Justice also investigates whether employees of Accenture Federal Services gave inaccurate information about a service for the government. This can bring fines or a ban from federal contracts.
• Accenture expects to spend about $8 billion on acquisitions in fiscal 2027, including the Cyber OT purchases such as Dragos. Large purchases can give lower returns than planned, and their integration can be difficult.
• About half of revenue comes from outside the Americas. A stronger dollar lowers reported revenue and earnings.

Accenture has more cash than debt. At August 31, 2026, cash and cash equivalents were $12.83 billion. Read more

Dividend yield

2.0% (last 12 months, at today’s price of $254.37)

Paid per share

$4.97 in the last 12 months (3 payments)

Current annual rate

$6.84 ($1.71 × 4 a year)

Payout ratio

24% of the last fiscal year’s earnings (the year that ended August 31, 2026)

Latest ex-dividend date

October 13, 2026, $1.71 per share

Dividends per share by year

Source: company filings and market data, read on November 9, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.