Accenture (ACN)
Market Price (4/4/2026): $201.29 | Market Cap: $124.2 BilSector: Information Technology | Industry: IT Consulting & Other Services
Accenture (ACN)
Market Price (4/4/2026): $201.29Market Cap: $124.2 BilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 10% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 13 Bil, FCF LTM is 12 Bil Low stock price volatilityVol 12M is 33% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cybersecurity, Cloud Computing, and Automation & Robotics. Show more. | Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -88% | Key risksACN key risks include [1] business model disruption and pricing pressure from the rapid evolution of generative AI and [2] protecting profitability against intense competitive pressures and rising delivery costs. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 10% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 13 Bil, FCF LTM is 12 Bil |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cybersecurity, Cloud Computing, and Automation & Robotics. Show more. |
| Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -88% |
| Key risksACN key risks include [1] business model disruption and pricing pressure from the rapid evolution of generative AI and [2] protecting profitability against intense competitive pressures and rising delivery costs. |
Qualitative Assessment
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1. Cautious Near-Term Revenue Guidance and Slowing Demand.
Accenture's stock experienced a significant decline, partly due to a cautious near-term revenue outlook. Despite reporting Q2 fiscal 2026 earnings on March 19, 2026, where both earnings per share ($2.93) and revenues ($18.04 billion) surpassed analysts' consensus estimates, the company's full-year fiscal 2026 revenue growth guidance was set at a modest 3% to 5% in local currency. This indicates a softening demand environment for IT consulting and outsourcing services. Furthermore, new bookings growth in local currency for Q2 fiscal 2026 was only 1%, compared to a 6% increase in U.S. dollars, suggesting slower underlying business expansion.
2. Impact of Business Optimization Costs.
The company incurred "business optimization costs," primarily severance-related, which negatively affected its profitability in the first half of fiscal year 2026. Specifically, the GAAP operating margin for the first quarter of fiscal 2026 decreased by 1%, and the six-month operating margin dipped to 14.6% due to $307.5 million in these costs. This internal restructuring, though potentially beneficial long-term, placed immediate pressure on financial performance.
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Stock Movement Drivers
Fundamental Drivers
The -24.5% change in ACN stock from 12/31/2025 to 4/4/2026 was primarily driven by a -25.2% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 266.74 | 201.29 | -24.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 70,726 | 72,110 | 2.0% |
| Net Income Margin (%) | 10.8% | 10.6% | -1.4% |
| P/E Multiple | 21.7 | 16.2 | -25.2% |
| Shares Outstanding (Mil) | 619 | 617 | 0.4% |
| Cumulative Contribution | -24.5% |
Market Drivers
12/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| ACN | -24.5% | |
| Market (SPY) | -5.4% | 26.8% |
| Sector (XLK) | -5.5% | 18.5% |
Fundamental Drivers
The -17.4% change in ACN stock from 9/30/2025 to 4/4/2026 was primarily driven by a -15.1% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 243.58 | 201.29 | -17.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 68,483 | 72,110 | 5.3% |
| Net Income Margin (%) | 11.6% | 10.6% | -8.6% |
| P/E Multiple | 19.1 | 16.2 | -15.1% |
| Shares Outstanding (Mil) | 624 | 617 | 1.2% |
| Cumulative Contribution | -17.4% |
Market Drivers
9/30/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| ACN | -17.3% | |
| Market (SPY) | -2.9% | 27.8% |
| Sector (XLK) | -3.4% | 18.4% |
Fundamental Drivers
The -34.0% change in ACN stock from 3/31/2025 to 4/4/2026 was primarily driven by a -34.8% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 305.18 | 201.29 | -34.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 67,221 | 72,110 | 7.3% |
| Net Income Margin (%) | 11.4% | 10.6% | -7.2% |
| P/E Multiple | 24.9 | 16.2 | -34.8% |
| Shares Outstanding (Mil) | 627 | 617 | 1.6% |
| Cumulative Contribution | -34.0% |
Market Drivers
3/31/2025 to 4/4/2026| Return | Correlation | |
|---|---|---|
| ACN | -34.0% | |
| Market (SPY) | 16.3% | 46.3% |
| Sector (XLK) | 32.3% | 38.2% |
Fundamental Drivers
The -25.7% change in ACN stock from 3/31/2023 to 4/4/2026 was primarily driven by a -34.0% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4042026 | Change |
|---|---|---|---|
| Stock Price ($) | 270.76 | 201.29 | -25.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 63,144 | 72,110 | 14.2% |
| Net Income Margin (%) | 11.0% | 10.6% | -3.5% |
| P/E Multiple | 24.6 | 16.2 | -34.0% |
| Shares Outstanding (Mil) | 631 | 617 | 2.2% |
| Cumulative Contribution | -25.7% |
Market Drivers
3/31/2023 to 4/4/2026| Return | Correlation | |
|---|---|---|
| ACN | -25.6% | |
| Market (SPY) | 63.3% | 44.1% |
| Sector (XLK) | 83.6% | 38.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACN Return | 61% | -35% | 34% | 2% | -22% | -26% | -18% |
| Peers Return | 12% | -4% | 17% | 8% | -3% | -15% | 12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| ACN Win Rate | 67% | 33% | 67% | 58% | 33% | 0% | |
| Peers Win Rate | 58% | 48% | 60% | 62% | 48% | 31% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ACN Max Drawdown | -7% | -39% | -7% | -19% | -33% | -28% | |
| Peers Max Drawdown | -10% | -23% | -14% | -14% | -23% | -21% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IBM, CTSH, BAH, DXC. See ACN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)
How Low Can It Go
| Event | ACN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.7% | -25.4% |
| % Gain to Breakeven | 68.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.5% | -33.9% |
| % Gain to Breakeven | 50.3% | 51.3% |
| Time to Breakeven | 94 days | 148 days |
| 2018 Correction | ||
| % Loss | -23.3% | -19.8% |
| % Gain to Breakeven | 30.3% | 24.7% |
| Time to Breakeven | 94 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -39.1% | -56.8% |
| % Gain to Breakeven | 64.3% | 131.3% |
| Time to Breakeven | 365 days | 1,480 days |
Compare to IBM, CTSH, BAH, DXC
In The Past
Accenture's stock fell -40.7% during the 2022 Inflation Shock from a high on 12/29/2021. A -40.7% loss requires a 68.8% gain to breakeven.
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About Accenture (ACN)
AI Analysis | Feedback
Accenture is like a modern, independent **IBM Global Services**, focused on digital transformation for major corporations.
Accenture is like the global, technology-focused consulting arm of a **Big Four firm (like Deloitte or PwC)**.
Accenture is like the **Amazon Web Services (AWS)** for comprehensive business transformation and operational excellence, offering outsourced strategy, technology, and operations to companies worldwide.
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Strategy & Consulting Services
- Business Strategy: Provides high-level consulting on finance, mergers & acquisitions, sustainability, supply chain, and talent & organization.
- Data & AI Strategy: Offers consulting for data management, governance, platform architecture, and leveraging artificial intelligence for business value.
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Technology & Operations Services
- Application Services: Encompasses agile transformation, DevOps, application modernization, software engineering, and intelligent automation for applications.
- Cloud & Infrastructure: Designs, implements, and manages hybrid cloud environments, networks, digital workplaces, and IoT devices.
- Digital Engineering & R&D: Focuses on product design, platform engineering, R&D digitization, and smart connected product development.
- Intelligent Automation: Delivers solutions using robotic process automation, natural language processing, and virtual agents to automate business processes.
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Interactive Services
- Digital Commerce & Marketing: Creates and optimizes digital commerce platforms, enhances customer experience, and provides marketing strategy and execution.
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Cybersecurity Services
- Cyber Defense & Risk: Offers services in cyber defense, applied cybersecurity, managed security, OT security, and security strategy and risk management.
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Accenture's Major Customers
Accenture (ACN) is a professional services company that sells its services primarily to other companies (B2B), rather than to individuals. These services include strategy and consulting, interactive, technology, and operations services.
Due to the nature of its business as a global professional services and consulting firm, Accenture serves a vast and highly diversified client base across a multitude of industries worldwide. Its business model emphasizes a broad portfolio of clients rather than reliance on a few dominant customers.
As per Accenture's public filings and standard industry practice for such firms, no single client accounts for a significant portion of its net revenues (typically less than 1% in any given fiscal year). Therefore, Accenture does not have publicly identifiable "major customers" that can be individually named. Its clientele spans a wide array of sectors, including:
- Communications, Media & Technology
- Financial Services (banking, capital markets, insurance)
- Health & Public Service (healthcare, government, education, non-profit)
- Products (consumer goods, retail, life sciences, automotive, industrial)
- Resources (energy, utilities, chemicals, natural resources)
Accenture's customer base consists of large corporations, government agencies, and other organizations globally, encompassing many of the world's leading companies, but no individual entity is considered a "major customer" in terms of revenue concentration.
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Julie Sweet, Chair and Chief Executive Officer
Julie Sweet is the Chair and Chief Executive Officer of Accenture, a role she assumed as CEO in September 2019 and additionally as Chair in September 2021. She previously served as the Chief Executive Officer of Accenture's North America business from 2015-2019, which is the company's largest geographic market. Before that, she was Accenture's General Counsel, Chief Compliance Officer, and Corporate Secretary for five years. Prior to joining Accenture in 2010, Sweet was a partner for 10 years at the law firm Cravath, Swaine & Moore LLP, where she specialized in mergers and acquisitions (M&A) and corporate law for Fortune 500 clients. Alongside former CEO Pierre Nanterme, she helped develop Accenture's mergers and acquisitions strategy, completing $6 billion worth of M&A deals by the time she became CEO.
Angie Park, Chief Financial Officer
Angie Park is the Chief Financial Officer at Accenture, a role she assumed on December 1, 2024. She leads the company's global Finance organization, overseeing strategic planning, reporting, treasury, and investor relations. Park has a nearly 30-year career at Accenture, during which she has held various senior finance executive positions. Her previous roles include serving as global lead for Business and Commercial Finance and as head of Investor Relations for six years. She also served as CFO for Accenture Technology Services. Prior to joining Accenture, she worked at Deloitte in audit and advisory roles for Fortune 500 clients.
Kate Hogan, Global Chief Operating Officer
Kate Hogan is the Global Chief Operating Officer for Accenture, effective September 1, 2025. In this role, she is responsible for leading the company's corporate operations, executing its business strategy, protecting its infrastructure, and ensuring operational excellence. Hogan has over 25 years of experience providing strategic planning, operations management, IT, and BPO services to numerous leading companies. Before becoming Global COO, she served as Americas Chief Operating Officer and previously led Accenture's West Market Unit in the Americas. She was also the Director of Operations for Communications, Media & Technology (CMT).
Manish Sharma, Chief Services Officer
Manish Sharma is Accenture's Chief Services Officer, a position he will assume on September 1, 2025. Currently, he serves as the CEO of the Americas. Sharma joined Accenture in 1995 and became a managing director in 2004. Prior to his current role, he served as Group Chief Executive – Operations, where he oversaw a comprehensive intelligent operations portfolio. He is a strong advocate for inclusion and diversity and founded the Accenture Rural program.
Rajendra Prasad, Group Chief Executive – Technology and Chief Technology Officer
Rajendra Prasad will become Group Chief Executive – Technology and Chief Technology Officer for Accenture, effective September 1, 2025. He is currently Accenture's Chief Information and Asset Engineering Officer. Prasad has over 29 years of experience in the technology and consulting sectors. He joined Accenture in May 2005, and before that, he worked at Tata Consultancy Services from September 1994 to April 2005, where his responsibilities included delivery management and CMMI services.
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Key Risks to Accenture's Business
Accenture (ACN), a global professional services company, faces several key risks to its business, primarily stemming from the evolving technological landscape and macroeconomic factors. The most significant risks include the disruptive impact of artificial intelligence, challenges in attracting and retaining top talent, and uncertainties in global economic and geopolitical conditions leading to cautious client spending.
- Impact of Artificial Intelligence (AI) and Digital Transformation: The rapid advancement and adoption of artificial intelligence present a dual challenge for Accenture. While AI offers new opportunities, it also poses a risk of "AI cannibalization," where AI tools could reduce the need for traditional consulting services or pressure pricing, potentially leading to margin compression for the company. There are also concerns about stagnant enterprise AI demand, which could impact revenue growth and lead to downward revisions of future earnings estimates. Furthermore, the widespread adoption of AI necessitates substantial workforce restructuring and significant investment in reskilling employees, which can lead to internal disruptions and increased human capital costs.
- Inability to Attract and Retain Top Talent: As a professional services company, Accenture's continued success is heavily reliant on its ability to attract, develop, and retain employees with market-leading skills and capabilities. A failure to hire or adequately upskill its workforce to keep pace with industry demands and rapid technological changes, such as those brought by AI, could impede its ability to deliver the necessary services to clients and materially affect its growth potential.
- Economic and Geopolitical Conditions & Client Spending Uncertainty: Volatile, negative, or uncertain economic and geopolitical conditions can undermine business confidence, causing clients to reduce or defer spending on new initiatives and technologies, especially in consulting services. This risk is exacerbated by factors such as increasing geopolitical tensions, inflation, economic downturns, and shifts in global trade policies. Additionally, slower spending by ecosystem partners, which account for a significant portion of Accenture's revenues, and persistent threats from government efficiency initiatives and spending cuts can lead to contract delays, cancellations, and revenue uncertainty for specific segments.
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Threat 1: Advanced AI and Automation's potential to disintermediate human consulting and service delivery. As artificial intelligence and intelligent automation tools become more sophisticated, accessible, and capable of performing complex analytical, strategic, and implementation tasks (e.g., data analysis, process optimization, solution design, code generation, strategic planning), enterprises may increasingly leverage these technologies to perform work traditionally handled by human consultants. This could reduce the overall demand for human-led professional services or commoditize certain offerings currently provided by Accenture, enabling clients to "self-serve" or utilize smaller, highly automated internal teams.
Threat 2: Cloud Hyperscalers expanding into professional services. Major cloud providers (such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform) are progressively broadening their own professional services offerings. They are moving beyond core infrastructure support to include strategy, implementation, and managed services for their platforms, encompassing areas like cloud migration, enterprise architecture, data analytics, cybersecurity, and industry-specific solutions. This creates direct competition with Accenture in these growing segments, as hyperscalers leverage their deep platform expertise and potentially offer more integrated or cost-effective solutions within their ecosystems.
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Accenture (ACN) operates within several large and growing addressable markets globally, encompassing its diverse professional services offerings.
Overall IT Services Market
The global IT services market, which includes many of Accenture's offerings, was valued at approximately USD 1.2 trillion in 2024. This market is projected to grow to between USD 2.29 trillion by 2033 and USD 3.04 trillion by 2032. Other estimates place the global IT services market size at USD 1.43 trillion in 2025, expanding to USD 2.64 trillion by 2034, with a compound annual growth rate (CAGR) of 7.10%. Another report states the market was valued at USD 2,600.8 billion in 2023 and is projected to reach USD 6,459.8 billion by 2033, growing at a CAGR of 9.4%. North America consistently holds a significant share, for example, 36.5% in 2024 and 41% in 2025.
Consulting Services Market
The global management consulting services market was valued at USD 466.68 billion in 2024 and is projected to grow to USD 721.60 billion by 2032, exhibiting a CAGR of 5.63%. North America dominated this market with a share of 33.51% in 2024. Another report indicates the global consulting services market size was approximately USD 318.89 billion in 2024 and is expected to reach USD 471.59 billion by the end of 2034. The broader Consulting Service Market size is expected to reach USD 388.74 billion in 2026 and grow to USD 490.67 billion by 2031, with North America holding the largest market share in 2026.
Digital Transformation Market
The global digital transformation market size is projected to reach USD 3,810.05 billion by 2030, with a CAGR of 23.1% from 2022 to 2030. Another forecast estimates the Digital Transformation (DX) Market to be worth USD 2.01 trillion in 2026, growing at a CAGR of 21.55% to reach USD 5.33 trillion by 2031. The digital transformation market size is also expected to increase from approximately USD 1,107.06 billion in 2025 to USD 1,864.94 billion by 2031, with a CAGR of 9.1%, where North America dominates with a 40.2% share in 2025.
Cloud Services Market
Global cloud professional services are projected to reach USD 200 billion by 2028, growing at a 13% CAGR. The North America cloud computing market was valued at USD 406.08 billion in 2025, accounting for 52.00% of global demand, and is projected to grow to USD 466.77 billion in 2026. The public cloud segment alone held the highest market share of 55.88% in 2026.
Cybersecurity Consulting Services Market
The global cybersecurity consulting services market size is estimated at USD 21.8 billion in 2025 and is expected to reach USD 119.1 billion by the end of 2034, growing at a CAGR of 20.7% from 2025. North America is projected to have the largest market share in this sector, accounting for about 38.0% in 2025. Another source estimates the cybersecurity consulting services market size to be USD 21.57 billion in 2025, growing to USD 35.29 billion by 2030, at a CAGR of 10.35%.
Artificial Intelligence (AI) Services Market
The AI consulting market is projected to grow from USD 7.6 billion in 2025 to USD 10.9 billion in 2026, representing a 45.8% growth. More broadly, generative AI is expected to become a USD 1.3 trillion market by 2032. The global AI market as a whole is anticipated to surpass USD 100 billion in the coming years.
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Accenture (ACN) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and strong market demand. Key drivers include the significant adoption of advanced artificial intelligence, ongoing digital transformation efforts, strategic acquisitions, the company's "reinvention" services, and broad-based growth across industries and geographies.
1. Generative AI and Advanced AI Solutions
A primary driver of Accenture's future revenue growth is its strong focus on and significant client demand for generative AI and other advanced AI solutions. The company has reported substantial generative AI bookings and revenue, indicating its pivotal role in helping clients implement and leverage this transformative technology. For instance, Accenture's revenue from generative AI deployments surged to $900 million in fiscal year 2024 from $100 million in the previous fiscal year, with total Gen AI-related bookings reaching $3 billion for the year. In Q4 2025, advanced AI revenue tripled to $2.7 billion for fiscal year 2025, and generative AI bookings nearly doubled to $5.9 billion. Accenture aims to grow its data and AI team to 80,000 practitioners by the end of fiscal 2026, underscoring its commitment to this area.
2. Digital Transformation and Cloud Adoption
Accenture continues to benefit from the sustained client demand for comprehensive digital transformation and cloud adoption. These foundational services are crucial for enterprises seeking to modernize their operations and enhance efficiency. The company consistently reports strong revenue growth supported by increased demand for digital, cloud, and security services. Accenture's strategy involves strengthening its leadership in digital transformation, which is a core element of its growth initiatives.
3. Strategic Acquisitions
Strategic acquisitions are a consistent and integral part of Accenture's growth strategy. The company actively invests in acquiring businesses to expand its capabilities, enter new service areas, and enhance its market presence, particularly in high-growth technological domains. For example, in fiscal year 2025, Accenture invested approximately $1.5 billion across 23 acquisitions. The company continued this trend in Q1 FY26, completing six acquisitions totaling $374 million to strengthen its AI, data, and digital capabilities globally. These acquisitions enable Accenture to broaden its offerings and deepen its expertise, thereby driving future revenue.
4. Client "Reinvention" Services
Accenture positions itself as the "reinvention partner of choice" for its clients, focusing on delivering large-scale transformations across various enterprise functions. This strategy, encompassing both its consulting and managed services segments, addresses clients' needs for significant overhauls in their business models, technology landscapes, and operational processes. The company's CEO, Julie Sweet, has emphasized that clients are focused on reinvention, which translates into demand for large-scale transformations. Both consulting and managed services segments consistently contribute to bookings and revenue growth, reflecting the success of this reinvention-focused approach.
5. Broad-based Growth Across Industries and Geographies
Accenture consistently demonstrates the ability to achieve broad-based revenue growth across its diverse industry groups and major geographic markets. The company reported revenue growth across all its geographies—Americas, EMEA, and Asia Pacific—and nearly all its industry groups, including Financial Services, Products, and Resources, which showed strong increases in Q4 2025. This widespread demand across different sectors and regions indicates continued market share expansion and sustained revenue generation from a diversified client base.
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Share Repurchases
- Accenture's annual share buybacks were approximately $4.619 billion in fiscal year 2025, $4.525 billion in fiscal year 2024, and $4.33 billion in fiscal year 2023.
- The company repurchased $2.3 billion in shares during the first quarter ending November 30, 2025.
- Accenture's Board of Directors approved $5 billion in additional share repurchase authority in November 2025, bringing the total outstanding authority to approximately $7 billion.
Share Issuance
- The number of outstanding shares has generally declined over the past few years, indicating that share repurchases have offset any issuances. Accenture's shares outstanding were approximately 0.632 billion in 2025, 0.636 billion in 2024, and 0.639 billion in 2023.
Outbound Investments
- Accenture maintains an active acquisition strategy, having completed 23 acquisitions totaling $1.5 billion in fiscal year 2025.
- The company's acquisition activity included 57 acquisitions in 2021, 31 in 2023, and 30 in 2024, focusing on areas like IT Services, Management Consulting, and Marketing Services.
- Recent strategic acquisitions aim to enhance capabilities in AI, data, and specialized industry services, such as Faculty (a UK AI firm), Ookla (network intelligence), and Cabel Industry (Italian core banking and IT services).
Capital Expenditures
- Accenture's capital expenditures were approximately $600 million in fiscal year 2025, $516.5 million in 2024, and $528.2 million in 2023.
- The company's capital expenditures are projected to increase to approximately $943.3 million for fiscal year 2026.
- Capital expenditures represent a relatively low percentage of revenue, consistent with the nature of an IT consulting firm.
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| 02062026 | ACN | Accenture | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -17.6% | -17.6% | -20.4% |
| 12312022 | ACN | Accenture | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 16.6% | 33.6% | -7.4% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 83.13 |
| Mkt Cap | 30.1 |
| Rev LTM | 21,108 |
| Op Inc LTM | 3,327 |
| FCF LTM | 2,595 |
| FCF 3Y Avg | 2,145 |
| CFO LTM | 2,883 |
| CFO 3Y Avg | 2,446 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.0% |
| Rev Chg 3Y Avg | 3.8% |
| Rev Chg Q | 4.9% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 15.4% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 13.7% |
| CFO/Rev 3Y Avg | 12.2% |
| FCF/Rev LTM | 12.3% |
| FCF/Rev 3Y Avg | 10.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 30.1 |
| P/S | 1.4 |
| P/EBIT | 9.3 |
| P/E | 13.5 |
| P/CFO | 9.9 |
| Total Yield | 8.3% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 5.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.0% |
| 3M Rtn | -14.4% |
| 6M Rtn | -12.9% |
| 12M Rtn | -14.7% |
| 3Y Rtn | -7.6% |
| 1M Excs Rtn | 3.4% |
| 3M Excs Rtn | -11.9% |
| 6M Excs Rtn | -10.5% |
| 12M Excs Rtn | -37.5% |
| 3Y Excs Rtn | -69.9% |
Comparison Analyses
Price Behavior
| Market Price | $201.33 | |
| Market Cap ($ Bil) | 124.2 | |
| First Trading Date | 07/19/2001 | |
| Distance from 52W High | -36.6% | |
| 50 Days | 200 Days | |
| DMA Price | $220.02 | $249.34 |
| DMA Trend | down | down |
| Distance from DMA | -8.5% | -19.3% |
| 3M | 1YR | |
| Volatility | 45.2% | 32.8% |
| Downside Capture | 0.73 | 0.68 |
| Upside Capture | 9.40 | 47.13 |
| Correlation (SPY) | 27.0% | 44.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.01 | 0.67 | 0.95 | 0.81 | 0.82 | 0.79 |
| Up Beta | 1.02 | 1.35 | 1.84 | 0.84 | 0.75 | 0.69 |
| Down Beta | 0.20 | 0.89 | 1.21 | 1.25 | 0.94 | 0.89 |
| Up Capture | -76% | -45% | -10% | 28% | 39% | 36% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 21 | 28 | 63 | 123 | 384 |
| Down Capture | 24% | 129% | 132% | 88% | 108% | 99% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 21 | 35 | 63 | 129 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACN | |
|---|---|---|---|---|
| ACN | -34.5% | 33.4% | -1.22 | - |
| Sector ETF (XLK) | 31.5% | 27.0% | 0.99 | 38.2% |
| Equity (SPY) | 16.1% | 19.0% | 0.67 | 46.3% |
| Gold (GLD) | 50.5% | 28.0% | 1.46 | -14.2% |
| Commodities (DBC) | 16.2% | 17.7% | 0.77 | 0.5% |
| Real Estate (VNQ) | 3.6% | 16.5% | 0.04 | 41.7% |
| Bitcoin (BTCUSD) | -21.5% | 44.0% | -0.42 | 24.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACN | |
|---|---|---|---|---|
| ACN | -4.9% | 27.4% | -0.17 | - |
| Sector ETF (XLK) | 16.3% | 24.7% | 0.59 | 56.9% |
| Equity (SPY) | 11.6% | 17.0% | 0.53 | 62.0% |
| Gold (GLD) | 21.7% | 17.8% | 1.00 | 1.3% |
| Commodities (DBC) | 11.6% | 18.8% | 0.51 | 7.2% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 48.9% |
| Bitcoin (BTCUSD) | 3.9% | 56.5% | 0.29 | 24.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACN | |
|---|---|---|---|---|
| ACN | 7.8% | 26.2% | 0.31 | - |
| Sector ETF (XLK) | 21.4% | 24.3% | 0.81 | 66.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 71.0% |
| Gold (GLD) | 14.0% | 15.9% | 0.73 | 1.3% |
| Commodities (DBC) | 8.4% | 17.6% | 0.40 | 18.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 55.3% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | 17.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/19/2026 | 4.3% | -1.5% | |
| 12/18/2025 | -1.4% | -1.4% | 0.2% |
| 9/25/2025 | -2.7% | 1.9% | 5.2% |
| 6/20/2025 | -6.9% | -3.4% | -5.9% |
| 3/20/2025 | -7.3% | -4.1% | -12.5% |
| 12/19/2024 | 7.1% | 3.7% | 3.7% |
| 9/26/2024 | 5.6% | 5.7% | 8.5% |
| 6/20/2024 | 7.3% | 6.8% | 15.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 15 |
| # Negative | 13 | 13 | 9 |
| Median Positive | 6.2% | 3.9% | 6.8% |
| Median Negative | -2.7% | -2.3% | -5.6% |
| Max Positive | 7.7% | 10.5% | 16.4% |
| Max Negative | -9.3% | -10.4% | -16.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 03/19/2026 | 10-Q |
| 11/30/2025 | 12/18/2025 | 10-Q |
| 08/31/2025 | 10/10/2025 | 10-K |
| 05/31/2025 | 06/20/2025 | 10-Q |
| 02/28/2025 | 03/20/2025 | 10-Q |
| 11/30/2024 | 12/19/2024 | 10-Q |
| 08/31/2024 | 10/10/2024 | 10-K |
| 05/31/2024 | 06/20/2024 | 10-Q |
| 02/29/2024 | 03/21/2024 | 10-Q |
| 11/30/2023 | 12/19/2023 | 10-Q |
| 08/31/2023 | 10/12/2023 | 10-K |
| 05/31/2023 | 06/22/2023 | 10-Q |
| 02/28/2023 | 03/23/2023 | 10-Q |
| 11/30/2022 | 12/16/2022 | 10-Q |
| 08/31/2022 | 10/12/2022 | 10-K |
| 05/31/2022 | 06/23/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q2 2026 Earnings Reported 3/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | 18.35 Bil | 18.68 Bil | 19.00 Bil | ||||
| Q3 2026 Revenue Growth | 1.0% | 3.0% | 5.0% | ||||
| 2026 Revenue Growth | 3.0% | 4.0% | 5.0% | 14.3% | 0.5% | Raised | Guidance: 3.5% for 2026 |
| 2026 GAAP Diluted EPS | 13.2 | 13.4 | 13.5 | 0.5% | Raised | Guidance: 13.3 for 2026 | |
| 2026 Adjusted EPS | 13.7 | 13.8 | 13.9 | 0.5% | Raised | Guidance: 13.7 for 2026 | |
| 2026 Free Cash Flow | 10.80 Bil | 11.15 Bil | 11.50 Bil | 9.9% | Raised | Guidance: 10.15 Bil for 2026 | |
Prior: Q1 2026 Earnings Reported 12/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 17.35 Bil | 17.68 Bil | 18.00 Bil | -4.1% | Lowered | Guidance: 18.43 Bil for Q1 2026 | |
| Q2 2026 Revenue Growth | 1.0% | 3.0% | 5.0% | 0 | 0 | Affirmed | Guidance: 3.0% for Q1 2026 |
| 2026 Revenue Growth | 2.0% | 3.5% | 5.0% | 0 | 0 | Affirmed | Guidance: 3.5% for 2026 |
| 2026 GAAP Operating Margin | 15.2% | 15.3% | 15.4% | -0.6% | -0.1% | Lowered | Guidance: 15.4% for 2026 |
| 2026 Adjusted Operating Margin | 15.7% | 15.8% | 15.9% | 0 | 0 | Affirmed | Guidance: 15.8% for 2026 |
| 2026 GAAP Diluted EPS | 13.1 | 13.3 | 13.5 | -0.5% | Lowered | Guidance: 13.4 for 2026 | |
| 2026 Adjusted EPS | 13.5 | 13.7 | 13.9 | 0 | Affirmed | Guidance: 13.7 for 2026 | |
| 2026 Free Cash Flow | 9.80 Bil | 10.15 Bil | 10.50 Bil | 0 | Affirmed | Guidance: 10.15 Bil for 2026 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Unruch, Joel | General Counsel/Corp Secretary | Direct | Sell | 1062026 | 275.00 | 1,332 | 366,300 | 7,756,925 | Form |
| 2 | Sweet, Julie Spellman | Chair and CEO | Direct | Sell | 11062025 | 246.62 | 5,917 | 1,459,277 | 2,120,723 | Form |
| 3 | Sweet, Julie Spellman | Chair and CEO | Direct | Sell | 10302025 | 253.40 | 9,000 | 2,280,587 | 3,678,333 | Form |
| 4 | Sekido, Ryoji | Co-CEO Asia Pacific | Direct | Sell | 10232025 | 249.47 | 2,500 | 623,675 | 346,763 | Form |
| 5 | Sweet, Julie Spellman | Chair and CEO | Direct | Sell | 10232025 | 249.57 | 9,000 | 2,246,166 | 5,868,981 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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