Accenture (ACN) investor relations material

Executive summary

• Q2 FY26 revenues reached $18.0 billion, up 8% in USD and 4% in local currency, with record $22.1 billion in bookings and significant market share gains.

• Operating margin expanded to 13.8%, with EPS up 4% to $2.93 and robust free cash flow of $3.7 billion.

• $2.7 billion returned to shareholders in Q2 via $1.0 billion in dividends and $1.7 billion in share repurchases.

• Closed 3 strategic acquisitions in H1, focusing on AI, cybersecurity, and network intelligence.

• AI and data ecosystem partnerships are driving growth, with over 85,000 AI and data professionals and bookings from these partners expected to more than double over FY25.

Financial highlights

• Q2 revenues: $18.0B (+4% local currency, +8% USD); YTD revenues: $36.8B (+4% local currency, +7% USD).

• Operating margin: 13.8% in Q2 (+30 bps YoY); YTD adjusted margin: 15.4%.

• EPS: $2.93 in Q2 (+4% YoY); YTD adjusted EPS: $6.87 (+7%).

• Free cash flow: $3.7B in Q2; YTD $5.2B.

• Record bookings of $22.1B in Q2, up 6% in USD, with a book-to-bill of 1.2.

Outlook and guidance

• FY26 revenue growth expected at 3–5% in local currency (4–6% excluding federal/AFS impact); Q3 revenue expected $18.35–$19B.

• Adjusted EPS guidance raised to $13.65–$13.90 (6–8% increase); GAAP EPS $13.25–$13.50 (up 9–11%).

• Free cash flow guidance increased to $10.8–$11.5B; at least $9.3B to be returned to shareholders.

• Adjusted operating margin expected at 15.7–15.9%, a 10–30 bps expansion.

• Guidance reflects potential Middle East conflict impact but not major escalation or macroeconomic disruption.