Booz Allen Hamilton

Booz Allen Hamilton (BAH) Q4 2026 Earnings

Reported May 22, 2026 at 6:49 AM ET · SEC Source

Q4 26 EPS

$1.78

BEAT +33.07%

Est. $1.34

Q4 26 Revenue

$2.78B

MISS 2.88%

Est. $2.87B

vs S&P Since Q4 26

-5.4%

TRAILING MARKET

BAH -1.7% vs S&P +3.7%

Full Year 2026 Results

FY 26 EPS

$6.51

BEAT +7.13%

Est. $6.08

FY 26 Revenue

$11.22B

MISS 0.73%

Est. $11.30B

Market Reaction

Did BAH Beat Earnings? Q4 2026 Results

Booz Allen Hamilton posted a sharply mixed set of fourth-quarter fiscal 2026 results, delivering a significant earnings beat while falling short on revenue. Adjusted diluted EPS came in at $1.78, clearing the $1.34 consensus estimate by 33.07%, as lo… Read more Booz Allen Hamilton posted a sharply mixed set of fourth-quarter fiscal 2026 results, delivering a significant earnings beat while falling short on revenue. Adjusted diluted EPS came in at $1.78, clearing the $1.34 consensus estimate by 33.07%, as lower income tax expense, a gain on the sale of contracts, and a reduced share count all lifted profitability despite a softer top line. Revenue of $2.78 billion missed the $2.87 billion consensus by 2.88% and fell 6.4% year-over-year, with the Civil segment bearing the heaviest burden as constrained government funding curtailed headcount and billable activity. The National Security portfolio offered a partial offset, with Intelligence revenue climbing to $499.00 million from $458.00 million a year ago. Record backlog of $38.19 billion and a 1.1x book-to-bill ratio point to sustained demand, and management guided fiscal 2027 revenue of $11.20 to $11.70 billion alongside adjusted EPS of $6.00 to $6.35, with cyber and defense technology identified as the primary growth vectors.

Key Takeaways

  • Strong contract execution and disciplined cost management drove margin expansion
  • Lower income tax expense from favorable IRS agreement releasing $86 million in tax reserves
  • Reduced share count from share repurchases contributed to double-digit EPS growth
  • Continued growth in National Security portfolio (Defense and Intelligence)
  • Billing efficiencies and strong collections supported robust free cash flow
  • Unrealized investment gains contributed to earnings
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BAH YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

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BAH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q1 27

“In a challenging year, Booz Allen delivered strong profitability while continuing to accelerate our transformation. We enter FY27 with momentum and are well-positioned for the year ahead. We're investing in proven growth areas and building tech to create long-term value for our shareholders and our nation.”

— Horacio Rozanski, Q4 2026 Earnings Press Release