Accenture (ACN) Q2 2026 earnings summary

Executive summary

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

• Operating margin expanded by 30 basis points to 13.8%, with EPS up 4% to $2.93 and robust free cash flow generation.

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

• Three strategic acquisitions completed in the quarter, focusing on AI, cybersecurity, and network intelligence.

• AI and data remain central to client demand, with over 85,000 AI and data professionals now on staff.

Financial highlights

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

• Operating margin was 13.8% in Q2, up 30 basis points year-over-year; gross margin improved to 30.3%.

• EPS for Q2 was $2.93, a 4% increase year-over-year; adjusted EPS for six months was $6.87.

• Free cash flow for Q2 was $3.7 billion; YTD free cash flow was $5.2 billion.

• Record new bookings of $22.1 billion, with a book-to-bill ratio 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 between $18.35B and $19B.

• Adjusted EPS for FY26 expected at $13.65-$13.90 (6%-8% growth); GAAP EPS guided to $13.25-$13.50 (up 9%-11%).

• Free cash flow guidance raised to $10.8-$11.5 billion, with at least $9.3 billion to be returned to shareholders.

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

• Inorganic contribution to revenue growth expected at about 1.5%.