Accenture plc - Class A
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.85%.
Did ACN Beat Earnings? Q1 2026 Results
Accenture kicked off fiscal 2026 on solid footing, reporting first-quarter earnings per share of $3.94 against a consensus estimate of $3.72, a beat of 5.87%, while revenue of $18.74 billion edged past the $18.53 billion estimate by 1.14% and grew 6.0% year over year. The standout driver behind the quarter's strength was record new bookings of $20.94 billion, up 12% in U.S. dollars, including $2.20 billion in advanced AI bookings that reflect the company's accelerating push into artificial intelligence services. Financial Services was the top-performing segment, posting 14% USD revenue growth, while adjusted operating margin expanded 30 basis points to 17.0% despite $307.54 million in restructuring-related charges that pressured GAAP results. Accenture returned $3.30 billion to shareholders in the quarter through buybacks and a 10% higher dividend. Looking ahead, management maintained its full-year fiscal 2026 outlook for 2% to 5% local-currency revenue growth and adjusted EPS of $13.52 to $13.90, while guiding second-quarter revenue of $17.35 billion to $18.00 billion, with a roughly 1% headwind expected from its U.S. federal business throughout the year.
- Strong new bookings of $20.9 billion, including 33 clients with quarterly bookings greater than $100 million
- Advanced AI new bookings of $2.2 billion
- Revenue growth of 5% in local currency, at the top of guided range
- Adjusted operating margin expanded 30 basis points to 17.0%
- Managed Services revenue growth outpacing Consulting (7% vs. 3% local currency)
- Financial Services industry group leading with 12% local-currency growth
- Lower share count contributing $0.06 to adjusted EPS growth
“I am very pleased with our $21 billion in new bookings, including 33 clients with quarterly bookings greater than $100 million. We delivered revenue growth of 5% in local currency, at the top of our guided range, while continuing to gain market share. We also strengthened our leadership in advanced AI and deepened our ecosystem partnerships to help clients realize value. These results reflect our strategy to be the reinvention partner of choice for our clients. On behalf of our leadership team, I want to thank our clients, ecosystem partners and people who make these results possible.”
Accenture CEO, on the earnings call
Forward Guidance & Outlook
Accenture confirmed its full-year fiscal 2026 outlook: revenue growth of 2%–5% in local currency (3%–6% excluding an estimated 1% impact from U.S. federal business). GAAP operating margin is now expected at 15.2%–15.4% (50–70 bps expansion), and adjusted operating margin at 15.7%–15.9% (10–30 bps expansion). GAAP diluted EPS is expected at $13.12–$13.50 (8%–11% increase), and adjusted EPS at $13.52–$13.90 (5%–8% increase). Full-year operating cash flow is expected at $10.8B–$11.5B, free cash flow at $9.8B–$10.5B, and capital returns of at least $9.3B. For Q2 FY26, revenue is guided at $17.35B–$18.0B (1%–5% local-currency growth) with an approximately positive 3.5% foreign exchange impact.
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Figures from SEC filings and company reports. Not investment advice.