# Accenture (ACN) Q3 FY2026 earnings

Results filed 2026-06-18 for the quarter ended 2026-05-31. Source page: https://earnings.opennash.com/companies/acn/2026-q3/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1467373/000146737326000031/0001467373-26-000031-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

Accenture reported third-quarter fiscal 2026 revenues of $18.7 billion, up 6% in U.S. dollars and 3% in local currency, with diluted EPS up 9% to $3.80 and operating margin expanding 20 basis points to 17.0%.

Accenture grew third-quarter revenues to $18.7 billion, up 6% in U.S. dollars but only 3% in local currency, because a weaker dollar added about 2.5%. Profit grew faster than sales: operating margin rose to 17.0% and diluted EPS rose 9% to $3.80. Free cash flow was $3.6 billion, and $2.2 billion went back to shareholders through buybacks and dividends.
For the fourth quarter, management guides revenue of $17.75B – $18.4B, or 1% – 5% growth in local currency. It narrowed full-year local-currency growth to 3% to 4%, with U.S. federal work costing about 1%. The main tension is that new bookings fell 3% in local currency while the company wants to win large AI programs and make acquisitions such as Dragos.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Revenues | $18.7 billion | up 6% in U.S. dollars and 3% in local currency | GAAP |
| Net income | $2.39 billion | compared with $2.24 billion for the third quarter of fiscal 2025 | GAAP |
| Diluted EPS | $3.80 | a 9% increase from $3.49 | GAAP |
| Gross margin | 32.8% | compared to 32.9% in the third quarter of fiscal 2025 | GAAP |
| Operating income | $3.18 billion | increased 6% from $2.98 billion | GAAP |
| Operating margin | 17.0% | expanded 20 basis points from 16.8% | GAAP |
| Operating cash flow | 3,786,212 | vs 3,684,366 a year ago | GAAP |
| Free cash flow | $3.6 billion |  | non-GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| New bookings | $19.32 billion | a decrease of 2% in U.S. dollars and 3% in local currency |
| Consulting revenues | $9,328,494 | up 4% in U.S. dollars, 1% in local currency |
| Managed Services revenues | 9,389,650 | up 8% in U.S. dollars, 5% in local currency |
| Americas revenues | $9,137,772 | up 2% in U.S. dollars, 1% in local currency |
| EMEA revenues | 6,873,448 | up 10% in U.S. dollars, 4% in local currency |
| Asia Pacific revenues | 2,706,924 | up 7% in U.S. dollars, 8% in local currency |
| Communications, Media & Technology revenues | $3,217,835 | up 10% in U.S. dollars, 9% in local currency |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Revenues | fourth quarter of fiscal 2026 | $17.75B – $18.4B |
| Revenue growth (local currency) | fourth quarter of fiscal 2026 | 1% – 5% |
| Revenue growth (local currency) | fiscal 2026 | 3% to 4% |
| GAAP operating margin | fiscal 2026 | 15.3% |
| Adjusted operating margin | fiscal 2026 | 15.8% |
| Annual effective tax rate | fiscal 2026 | 24.0% – 25.0% |
| GAAP diluted EPS | fiscal 2026 | $13.38 to $13.50 |
| Adjusted EPS | fiscal 2026 | $13.78 to $13.90 |
| Free cash flow | fiscal 2026 | $10.8 billion to $11.5 billion |
| Property and equipment additions | fiscal 2026 | $0.7B |
| Capital return | fiscal 2026 | at least $9.5B |

## Key takeaways

1. **Profit grew faster than revenue** Revenues rose 3% in local currency, yet operating margin expanded 20 basis points to 17.0% and diluted EPS rose 9% to $3.80. A lower share count added $0.09 to EPS.
2. **Currency flattered reported revenue growth** Revenue rose 6% in U.S. dollars but 3% in local currency, with a foreign-exchange impact of approximately positive 2.5%. Fourth-quarter guidance assumes approx. (0.5) % foreign exchange.
3. **Full-year revenue outlook was narrowed** Local-currency growth is now 3% to 4%, versus 3% to 5% in March. Excluding an estimated 1% U.S. federal impact, growth is 4% to 5%.
4. **Bookings fell while large deals held up** New bookings were $19.32 billion, down 3% in local currency. Year-to-date, Accenture signed 104 quarterly client bookings of $100 million or more, up 13%.
5. **Cash returns continue alongside acquisitions** Accenture returned $2.2 billion to shareholders in the quarter, and expects capital return of at least $9.5B for the year. It also agreed to acquire a majority stake in Dragos and all of runZero and NetRise.

## Questions

**What were Accenture's third-quarter fiscal 2026 results?** Revenues were $18.7 billion, up 6% in U.S. dollars and 3% in local currency. Diluted EPS rose 9% to $3.80, and operating margin expanded 20 basis points to 17.0%.
**What is Accenture's guidance for the fourth quarter?** It expects revenues of $17.75B – $18.4B, or 1% – 5% growth in local currency, with a foreign-exchange impact of approx. (0.5) %.
**How did Accenture change its full-year fiscal 2026 outlook?** It now expects local-currency revenue growth of 3% to 4%, versus 3% to 5% previously. GAAP diluted EPS is now $13.38 to $13.50 and adjusted EPS is $13.78 to $13.90.
**How strong was cash flow and shareholder return?** Free cash flow was $3.6 billion for the quarter, and full-year free cash flow is still expected at $10.8 billion to $11.5 billion. Accenture returned $2.2 billion to shareholders, including $1.2 billion of repurchases and $1.0 billion of dividends.
**Which parts of the business grew fastest?** Managed Services revenue rose 5% in local currency versus 1% for Consulting. Communications, Media & Technology led industry groups at 9% in local currency, and Asia Pacific led regions at 8%.