Companies

Booz Allen Hamilton Holding Corp - Class A

NYSE: BAH

Q4 2026 Earnings

Reported May 22, 2026, 6:49am ET · SEC source
$1.78
Beat +33.07%
EPS · est. $1.34
$2.8B
Miss −2.88%
Revenue · est. $2.9B
−22.6%
Trailing market
BAH vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%May 22May 22report 6:49am ETearnings+0.3%+0.3%
−3%0+3%May 22May 22earnings+0.3%+0.3%
BAH +0.3%S&P 500 +0.3%
−3%0+3%May 22May 22report 6:49am ETearnings+0.3%+0.3%
−3%0+3%May 22May 22earnings+0.3%+0.3%
BAH +0.3%NASDAQ +0.3%
−6%−3%0May 21May 29report 6:49am ETearnings+1.6%−2.8%
−6%−3%0May 21May 29earnings+1.6%−2.8%
BAH −2.8%S&P 500 +1.6%
−4%0+4%May 21May 29report 6:49am ETearnings+3.2%−2.8%
−4%0+4%May 21May 29earnings+3.2%−2.8%
BAH −2.8%NASDAQ +3.2%
+3.05%
Day of report
+1.56%
Next session
+6.83%
One week
−24.11%
30 days

S&P 500 over the same 30 days: −1.52%.

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 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

“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.”

Booz Allen Hamilton CEO, on the earnings call

Forward Guidance & Outlook

For FY27, Booz Allen expects revenue of $11.2–$11.7 billion (0–4% YoY growth), adjusted EBITDA of $1,240–$1,290 million with margin of approximately 11%, adjusted diluted EPS of $6.00–$6.35, and free cash flow of $825–$925 million. Guidance assumes an effective tax rate of 20–23%, average diluted shares outstanding of 118–120 million, and capital expenditures of approximately $220 million ($105 million related to a new headquarters). The company expects continued growth in the National Security portfolio while external factors are anticipated to drive Civil business declines. Demand is described as accelerating across portfolios with cyber and defense tech identified as strong growth vectors.

BAH YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$900.0M$1.8B$2.7B$3.0B$2.8BRevenue$275.0M$263.0MOperating Income$192.7M$205.0MNet Income
$0$900.0M$1.8B$2.7BRevenueOperating IncomeNet Income

BAH Revenue by Segment

National Security
Defense$1.5B−0.6%
Civil$766.0M−22.5%
Civil and Commercial
Intelligence$499.0M+9.0%

Figures from SEC filings and company reports. Not investment advice.