The investor's view
+8.0%
growth in revenue a year, FY2021 to FY2026
- Five fundamentals, each ranked against the Technology companies covered
- A peer map of growth against margin
- Where the profit is made: 3 segments, by share of sales and of profit
The Americas out-earn the other two regions combined
FY2026, the fiscal year to Aug 31, 2026 · 10-K filed Oct 16, 2026
Largest source of revenue: Managed Services, 50.3% of the total.
With under half of revenue, the Americas earn a 17.1% operating margin against 12.7% in EMEA, so regional mix moves group profit.
The Americas produced $36.55B of revenue, 49.27% of the total, and $6.24B of operating income, 54.75% of the $11.41B total. That is an operating margin of 17.1%.1
EMEA produced $26.96B of revenue, 36.34% of the total, but $3.44B of operating income, 30.13% of the total, a margin of 12.7%. Asia Pacific earned $1.73B on $10.68B of revenue, a 16.2% margin.1
AnalysisThe filing text in this record does not explain the regional gap. Pricing, the mix of Consulting and Managed Services work, and delivery costs could each play a part, but the record does not break these out by region. This is analysis.
AnalysisBecause EMEA carries more than a third of revenue, a change in its margin moves group operating income more than the same change in Asia Pacific would. The record gives regional operating income for this year only, so whether the gap is narrowing or widening cannot be read from it.
Operating margin rose 0.7 points; lower business optimization costs supplied 0.47 of them, so the underlying improvement was smaller.
Operating income grew 11.54% to $11.41B while revenue grew 6.47% to $74.18B, so the operating margin rose to 15.38% from 14.68%.1
Business optimization costs fell 50.02% to $307.5M from $615.3M. As a share of revenue they dropped to 0.41% from 0.88%, which is worth 0.47 points of the 0.7-point margin gain, about 67% of it.1
Sales and marketing grew 2.84%, slower than revenue, and fell to 9.76% of revenue, saving 0.35 points. Cost of services eased 0.14 points to 67.95% of revenue. General and administrative costs moved the other way, rising 10.75% to $4.82B and taking 0.25 points more of revenue.1
AnalysisBusiness optimization costs are restructuring charges by nature, so halving them lifts the margin once. The lines that recur every year, sales efficiency and the cost of delivering the work, would have to carry any further gain. This is analysis, not a forecast.
Operating cash flow was 1.48 times Accenture's net income and capital spending only 1.0% of revenue, so profit arrives as cash.
Free cash flow was $11.62B against operating income of $11.41B, and the free cash flow margin of 15.66% sat above the 15.38% operating margin.1
Operating cash flow of $12.36B was 1.48 times net income attributable to Accenture of $8.37B. Capital expenditure was $742.7M, 1.0% of revenue.1
This is a pattern rather than a single year. A year earlier free cash flow was $10.87B against operating income of $10.23B, and free cash flow exceeded operating income in five of the eight years the record covers.1
The diluted share count fell to 617.5M from 632.4M, so diluted earnings per share rose to $13.56 from $12.15, faster than the 8.97% growth in net income attributable to Accenture.1
Cash arrives unevenly through the year. First-quarter free cash flow was $1.51B, against $3.67B in the second quarter, so a single quarter understates or overstates the annual picture.1
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Where Accenture stands among its peers, ten years of growth and cash, where the profit is made, and the edge and the risks.
How Accenture's model works step by step, where every $100 of revenue goes against the industry, and how long it took to scale.
Revenue went from $25.3B in FY2008 to $74.2B in FY2026, the operating margin from 11.9% to 15.4%, over 18 years.
Member research, then your own questions on ChatGPT.
What Accenture's numbers depend on from here, read from the filing: the conditions behind this period's margins and growth, and where a change would show first.
Which recurring cost lines carry the margin once restructuring savings are spent, and how the regional profit gap bears on them.
What decides whether automation on longer contracts adds to Accenture's profit or passes through to its clients.
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Business Lens describes Accenture from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing, the dates and the version are under the financial data above.