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FY2025 Q4
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Accenture PLC earnings call
Buzzberg read
Advanced AI revenue tripled to $2.7B and bookings nearly doubled to $5.9B
Accenture reported strong Q4 FY25 results at the top of guidance, with $17.6B revenue, 15.1% adjusted operating margin, and $3.13 adjusted EPS. Full-year revenue grew 7% to $69.7B. For FY26, management guided 2-5% local currency revenue growth (3-6% ex-federal), modest margin expansion to 15.7-15.9%, and EPS of $13.52-$13.90. AI remains a key growth driver, with advanced AI revenue tripling to $2.7B and bookings nearly doubling to $5.9B. Q4 revenue $17.6B (+4.5% local currency), at top of guided range; full-year revenue $69.7B (+7% local currency).
Buzzberg read Advanced AI revenue tripled to $2.7B and bookings nearly doubled to $5.9B Accenture reported strong Q4 FY25 results at the top of guidance, with $17.6B revenue, 15.1% adjusted operating margin, and $3.13 adjusted EPS. Full-year revenue grew 7% to $69.7B. For FY26, management guided 2-5% local currency revenue growth (3-6% ex-federal), modest margin expansion to 15.7-15.9%, and EPS of $13.52-$13.90. AI remains a key growth driver, with advanced AI revenue tripling to $2.7B and bookings nearly doubling to $5.9B. Q4 revenue $17.6B (+4.5% local currency), at top of guided range; full-year revenue $69.7B (+7% local currency). Read full analysisCollapse analysis
Accenture reported strong Q4 FY25 results at the top of guidance, with $17.6B revenue, 15.1% adjusted operating margin, and $3.13 adjusted EPS. Full-year revenue grew 7% to $69.7B. For FY26, management guided 2-5% local currency revenue growth (3-6% ex-federal), modest margin expansion to 15.7-15.9%, and EPS of $13.52-$13.90. AI remains a key growth driver, with advanced AI revenue tripling to $2.7B and bookings nearly doubling to $5.9B. Q4 revenue $17.6B (+4.5% local currency), at top of guided range; full-year revenue $69.7B (+7% local currency).
- Advanced AI (gen AI, agentic, physical) revenue grew to $2.7B in FY25, with bookings of $5.9B.
- Managed services bookings strong at $12.4B (book-to-bill 1.4); consulting bookings $8.9B (1.0).
- FY26 guidance: revenue growth 2-5% (3-6% ex-federal), operating margin 15.7-15.9%, EPS $13.52-$13.90, FCF $9.8-$10.5B.
Revenue$17.5963BReported
EPS$3.03Reported
Gross margin31.89%Reported
Operating margin11.65%Reported
6 grounded callouts
What matters now
The highest-signal changes from the call.
Guidance
FY26 revenue guidance includes 1-1.5% federal headwind, excluding it 3-6% growth
Talent
Company plans to increase headcount across all markets in FY26
Show 3 more callouts
AI
AI pricing accretive to Accenture's average and expansionary
Margins
Business optimization program expected to deliver over $1B savings, reinvested for growth
Demand
Capital projects business grew 49% year-on-year, largely organically
Reported period
Actuals
| Metric | Reported | Change |
|---|---|---|
| Revenue | $17.5963B | Reported |
| EPS | $3.03 | Reported |
| Gross margin | 31.89% | Reported |
| Operating margin | 11.65% | Reported |
| Free cash flow | $3.8062B | Reported |
| Capex | $0.1079B | Reported |
Forward-looking
Forward guidance
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| Capex | FY2026 | $1B | $1B | Guided |
| EPS | FY2026 | $13.52–$13.90 | $13.71 | Guided |
| Free cash flow | FY2026 | $9.8B–$10.5B | $10.15B | Guided |
| Operating margin | FY2026 | 15.7%–15.9% | 15.8% | Guided |
| Revenue | FY2026 | 2%–5% | 3.5% | Guided |
| Revenue | FY2026 Q1 | $18.1B–$18.75B | $18.425B | Guided |
AI, capex & demand read
Management read
Confident
Management expressed confidence in their competitive positioning, demand, and ability to execute despite a stable macro environment, citing strong bookings, market share gains, and technology leadership.
Management AI read
Management highlighted strong demand for advanced AI, with revenue tripling to $2.7B and bookings nearly doubling to $5.9B. They see AI as expansionary, not deflationary, and are seeing clients move from proofs of concept to production, with pricing accretive to company averages. They also noted AI is a catalyst for digital core modernization and enterprise-wide transformation projects.
Investment and capacity
Capital expenditures are expected to increase by about $400 million to approximately $1 billion in fiscal 2026, primarily for real estate and leasehold improvements in certain geographies as management brings more people back to the office.
all 2 named companies below
Companiesreturns since call
Customers
Customers
Julie Sweet
Accenture's deep, multi-year relationship with Ecolab is expanding through AI-driven process reinvention, indicating sustained demand for enterprise AI services.
Evidence
“Ecolab, a global sustainability leader, has been a client for 15 years. Three years ago, we partnered with Ecolab to lay the foundation for their growth transformation.”
Partners
Partners
Julie Sweet
Accenture's new partnership with Palantir is specifically cited as critical for federal business, suggesting Palantir is becoming an essential partner for government AI and modernisation contracts. — The endorsement by Accenture, the largest federal IT contractor, increases Palantir's credibility and pipeline in the public sector.
Evidence
“We're really pleased with our new partnership with Palantir, which is really playing a critical role in federal.”
External signals
Supply-chain alpha · 1returns since call
Accenture's new partnership with Palantir is specifically cited as critical for federal business, suggesting Palantir is becoming an essential partner for government AI and modernisation contracts.
Methodology & coverage
Management-only analysis. All 2 validated company mentions are shown. Reported actuals and forward guidance are kept separate. Public evidence is limited to eight short attributed quotes. AI-generated analysis can be incomplete or wrong; verify important claims against the original source.