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Accenture (ACN)


Market Price (6/20/2026): $128.67 | Market Cap: $78.8 BilSector: Information Technology | Industry: IT Consulting & Other Services

Accenture (ACN)


Market Price (6/20/2026): $128.67
Market Cap: $78.8 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 5.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 16%

Attractive cash flow generation
CFO/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 13 Bil

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53%

Stock buyback support
Stock Buyback 3Y Total is 15 Bil

Low stock price volatility
Vol 12M is 41%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Cybersecurity, Cloud Computing, and Automation & Robotics. Show more.

Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -129%

Key risks
ACN 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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 5.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 16%
1 Attractive cash flow generation
CFO/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 13 Bil
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53%
3 Stock buyback support
Stock Buyback 3Y Total is 15 Bil
4 Low stock price volatility
Vol 12M is 41%
5 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Cybersecurity, Cloud Computing, and Automation & Robotics. Show more.
6 Weak multi-year price returns
2Y Excs Rtn is -91%, 3Y Excs Rtn is -129%
7 Key risks
ACN 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.

ACN in ETFs

Weight = ACN's share of each fund

SPY0.16%
VOO0.18%
VTI0.16%
RSP0.12%
VTV0.44%
SCHD2.0%
VIG0.51%
VYM0.48%
+19 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

Accenture (ACN) stock has lost about 40% since 2/28/2026 because of the following key factors:

1. Accenture lowered its full-year fiscal 2026 revenue growth guidance, signaling a slowdown in its business. The company revised its full-year fiscal 2026 revenue growth outlook to 3% to 4% in local currency, a decrease from the prior expectation of 3% to 5%. This reduction indicated a tempered growth trajectory for the company, leading to a significant negative market reaction, with shares tumbling between 14.6% and 18.9% on June 18, 2026, following the Q3 fiscal 2026 earnings report.

2. Weak new bookings and cautious client spending on large-scale projects contributed to investor concern. New bookings for the third quarter of fiscal 2026 decreased by 2% in U.S. dollars year-over-year, totaling $19.3 billion. This decline indicated softer demand, exacerbated by clients remaining cautious about committing to large IT transformation projects due to broader economic uncertainties. While consulting new bookings saw an increase, managed services bookings experienced a decline in fiscal Q3 2026.

Show more
Updated on 6/18/2026

Accenture (ACN) stock has lost about 40% since 2/28/2026 because of the following key factors:

1. Accenture lowered its full-year fiscal 2026 revenue growth guidance, signaling a slowdown in its business. The company revised its full-year fiscal 2026 revenue growth outlook to 3% to 4% in local currency, a decrease from the prior expectation of 3% to 5%. This reduction indicated a tempered growth trajectory for the company, leading to a significant negative market reaction, with shares tumbling between 14.6% and 18.9% on June 18, 2026, following the Q3 fiscal 2026 earnings report.

2. Weak new bookings and cautious client spending on large-scale projects contributed to investor concern. New bookings for the third quarter of fiscal 2026 decreased by 2% in U.S. dollars year-over-year, totaling $19.3 billion. This decline indicated softer demand, exacerbated by clients remaining cautious about committing to large IT transformation projects due to broader economic uncertainties. While consulting new bookings saw an increase, managed services bookings experienced a decline in fiscal Q3 2026.

3. Market apprehension regarding significant acquisition spending amid slowing organic growth. Accenture announced approximately $4.175 billion in cybersecurity acquisitions, including a majority stake in Dragos and the acquisition of runZero and NetRise. This substantial capital deployment, coinciding with a lowered revenue growth outlook, was met with investor unease, as the market typically favors organic growth over large-scale, expensive dealmaking when demand is already soft.

4. Broader macroeconomic headwinds, including a hawkish Federal Reserve stance, pressured the IT services sector. The overall market for IT consulting firms has faced pressure from a hawkish Federal Reserve stance and general macroeconomic uncertainty, which has led to a more cautious approach to discretionary spending by clients. This broader industry trend contributed to the negative sentiment surrounding Accenture's stock performance.

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Stock Movement Drivers

Fundamental Drivers

The -37.8% change in ACN stock from 2/28/2026 to 6/20/2026 was primarily driven by a -40.0% change in the company's P/E Multiple.
(LTM values as of)22820266202026Change
Stock Price ($)206.96128.67-37.8%
Change Contribution By: 
Total Revenues ($ Mil)70,72673,1013.4%
Net Income Margin (%)10.8%10.7%-1.0%
P/E Multiple16.810.1-40.0%
Shares Outstanding (Mil)6196121.2%
Cumulative Contribution-37.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/20/2026
ReturnCorrelation
ACN-38.2% 
Market (SPY)9.2%-1.3%
Sector (XLK)38.1%-6.9%

Fundamental Drivers

The -47.8% change in ACN stock from 11/30/2025 to 6/20/2026 was primarily driven by a -49.4% change in the company's P/E Multiple.
(LTM values as of)113020256202026Change
Stock Price ($)246.46128.67-47.8%
Change Contribution By: 
Total Revenues ($ Mil)69,67373,1014.9%
Net Income Margin (%)11.0%10.7%-3.3%
P/E Multiple20.010.1-49.4%
Shares Outstanding (Mil)6236121.7%
Cumulative Contribution-47.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/20/2026
ReturnCorrelation
ACN-48.1% 
Market (SPY)9.9%9.9%
Sector (XLK)34.1%1.9%

Fundamental Drivers

The -58.3% change in ACN stock from 5/31/2025 to 6/20/2026 was primarily driven by a -59.9% change in the company's P/E Multiple.
(LTM values as of)53120256202026Change
Stock Price ($)308.77128.67-58.3%
Change Contribution By: 
Total Revenues ($ Mil)67,22173,1018.7%
Net Income Margin (%)11.4%10.7%-6.8%
P/E Multiple25.210.1-59.9%
Shares Outstanding (Mil)6276122.4%
Cumulative Contribution-58.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/20/2026
ReturnCorrelation
ACN-58.6% 
Market (SPY)28.1%18.3%
Sector (XLK)66.8%6.9%

Fundamental Drivers

The -55.4% change in ACN stock from 5/31/2023 to 6/20/2026 was primarily driven by a -61.4% change in the company's P/E Multiple.
(LTM values as of)53120236202026Change
Stock Price ($)288.50128.67-55.4%
Change Contribution By: 
Total Revenues ($ Mil)63,14473,10115.8%
Net Income Margin (%)11.0%10.7%-3.0%
P/E Multiple26.210.1-61.4%
Shares Outstanding (Mil)6316123.0%
Cumulative Contribution-55.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/20/2026
ReturnCorrelation
ACN-55.6% 
Market (SPY)85.7%35.4%
Sector (XLK)137.9%27.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ACN Return61%-35%34%2%-22%-41%-34%
Peers Return12%-4%17%8%-3%-26%-2%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
ACN Win Rate67%33%67%58%33%17% 
Peers Win Rate58%48%60%62%48%25% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ACN Max Drawdown-8%-39%-16%-27%-41%-45% 
Peers Max Drawdown-23%-30%-21%-26%-34%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[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 6/18/2026 (YTD)

How Low Can It Go

EventACNS&P 500
2023 SVB Regional Banking Crisis
  % Loss-14.6%-6.7%
  % Gain to Breakeven17.1%7.1%
  Time to Breakeven64 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.8%-24.5%
  % Gain to Breakeven60.6%32.4%
  Time to Breakeven846 days427 days
2020 COVID-19 Crash
  % Loss-33.5%-33.7%
  % Gain to Breakeven50.3%50.9%
  Time to Breakeven94 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.5%-19.2%
  % Gain to Breakeven29.1%23.8%
  Time to Breakeven94 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.0%-12.2%
  % Gain to Breakeven12.3%13.9%
  Time to Breakeven44 days62 days
2013 Taper Tantrum
  % Loss-10.9%-0.2%
  % Gain to Breakeven12.2%0.2%
  Time to Breakeven72 days1 days

Compare to IBM, CTSH, BAH, DXC

In The Past

Accenture's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventACNS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-37.8%-24.5%
  % Gain to Breakeven60.6%32.4%
  Time to Breakeven846 days427 days
2020 COVID-19 Crash
  % Loss-33.5%-33.7%
  % Gain to Breakeven50.3%50.9%
  Time to Breakeven94 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.5%-19.2%
  % Gain to Breakeven29.1%23.8%
  Time to Breakeven94 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.6%-17.9%
  % Gain to Breakeven29.2%21.8%
  Time to Breakeven70 days123 days
2008-2009 Global Financial Crisis
  % Loss-28.5%-53.4%
  % Gain to Breakeven39.9%114.4%
  Time to Breakeven312 days1085 days

Compare to IBM, CTSH, BAH, DXC

In The Past

Accenture's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Accenture (ACN)

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Accenture plc (ACN) is a leading global professional services company that provides a wide range of services to businesses worldwide. The company specializes in helping organizations improve their performance and navigate digital transformation through its core offerings: strategy and consulting, interactive experiences, technology services, and operations management. Essentially, Accenture partners with clients to tackle complex business challenges and leverage cutting-edge solutions.

Accenture's extensive portfolio of services includes critical areas such as application development and modernization, data management and governance, and advanced artificial intelligence and automation solutions. It also provides expertise in cloud computing, cybersecurity, supply chain management, and finance consulting. Furthermore, the company assists clients with engineering and research & development digitization, smart product design, and talent and organization transformation, catering to a broad spectrum of enterprise needs.

Accenture serves a global market, providing its diverse services to large and medium-sized enterprises across virtually all industries. Its primary customers are businesses seeking to innovate, optimize their operations, enhance customer experiences, manage complex technology landscapes, and achieve sustainable growth in an evolving digital economy.

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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.
  • 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.
  • Interactive Services
    • Digital Commerce & Marketing: Creates and optimizes digital commerce platforms, enhances customer experience, and provides marketing strategy and execution.
  • 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.

  1. 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.
  2. 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.
  3. 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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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.

Better Bets vs. Accenture (ACN)

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ACNIBMCTSHBAHDXCMedian
NameAccentureInternat.Cognizan.Booz All.DXC Tech. 
Mkt Price128.67249.5043.7166.998.6066.99
Mkt Cap78.8234.220.88.11.420.8
Rev LTM73,10168,91221,40611,21712,64421,406
Op Inc LTM11,51512,9463,3791,0333003,379
FCF LTM12,58212,2582,4709518192,470
FCF 3Y Avg10,49812,2692,0016858652,001
CFO LTM13,18213,9922,7571,0411,2482,757
CFO 3Y Avg11,09413,9882,2947701,3362,294

Growth & Margins

ACNIBMCTSHBAHDXCMedian
NameAccentureInternat.Cognizan.Booz All.DXC Tech. 
Rev Chg LTM6.7%9.7%6.5%-6.4%-1.8%6.5%
Rev Chg 3Y Avg4.8%4.5%3.4%7.0%-4.3%4.5%
Rev Chg Q5.6%9.5%5.8%-6.5%-1.2%5.6%
QoQ Delta Rev Chg LTM1.4%2.0%1.4%-1.7%-0.3%1.4%
Op Inc Chg LTM8.3%26.0%9.0%-24.6%-57.0%8.3%
Op Inc Chg 3Y Avg5.7%15.6%4.8%45.8%11,680.9%15.6%
Op Mgn LTM15.8%18.8%15.8%9.2%2.4%15.8%
Op Mgn 3Y Avg15.6%16.8%15.5%10.1%2.6%15.5%
QoQ Delta Op Mgn LTM0.1%0.3%0.0%0.0%-2.9%0.0%
CFO/Rev LTM18.0%20.3%12.9%9.3%9.9%12.9%
CFO/Rev 3Y Avg16.1%21.7%11.3%6.7%10.2%11.3%
FCF/Rev LTM17.2%17.8%11.5%8.5%6.5%11.5%
FCF/Rev 3Y Avg15.2%19.0%9.8%6.0%6.6%9.8%

Valuation

ACNIBMCTSHBAHDXCMedian
NameAccentureInternat.Cognizan.Booz All.DXC Tech. 
Mkt Cap78.8234.220.88.11.420.8
P/S1.13.41.00.70.11.0
P/Op Inc6.818.16.27.84.86.8
P/EBIT7.218.75.97.52.77.2
P/E10.121.89.49.580.510.1
P/CFO6.016.77.67.71.27.6
Total Yield15.0%7.3%11.4%10.7%1.2%10.7%
Dividend Yield5.0%2.7%0.7%0.0%0.0%0.7%
FCF Yield 3Y Avg6.5%5.9%6.0%6.0%30.0%6.0%
D/E0.10.30.10.52.90.3
Net D/E-0.00.2-0.00.41.70.2

Returns

ACNIBMCTSHBAHDXCMedian
NameAccentureInternat.Cognizan.Booz All.DXC Tech. 
1M Rtn-27.7%-1.4%-16.5%-11.6%-6.8%-11.6%
3M Rtn-35.1%4.0%-29.1%-15.6%-27.7%-27.7%
6M Rtn-52.1%-16.0%-48.2%-20.2%-44.3%-44.3%
12M Rtn-53.7%-8.9%-40.9%-31.2%-39.5%-39.5%
3Y Rtn-56.4%105.6%-27.1%-35.2%-68.3%-35.2%
1M Excs Rtn-29.2%10.2%-16.1%-14.4%-5.7%-14.4%
3M Excs Rtn-49.9%-13.2%-42.0%-30.2%-41.7%-41.7%
6M Excs Rtn-62.4%-26.9%-57.4%-30.8%-53.3%-53.3%
12M Excs Rtn-83.2%-35.0%-69.4%-58.3%-70.1%-69.4%
3Y Excs Rtn-128.8%28.0%-100.0%-105.3%-140.0%-105.3%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment69,67364,89664,112  
Consulting   34,07627,338
Managed Services   27,51823,196
Total69,67364,89664,11261,59450,533


Operating Income by Segment
$ Mil20192018201720162015
Products1,7201,6501,5591,2821,082
Communications, Media & Technology1,5551,3681,049966871
Financial Services1,2381,3531,2071,1281,079
Resources1,053715555628702
Health & Public Service739756773807701
Other  -510  
Total6,3055,8414,6334,8104,436


Assets by Segment
$ Mil20082007200620052004
Comm. & Hight Tech816775550571538
PUBLIC SERVICE638    
Products523457357436342
Resources480333316316217
Financial Services3031088782107
Government 452528739570
Other   152134
Total2,7612,1241,8392,2951,908


Price Behavior

Price Behavior
Market Price$127.98 
Market Cap ($ Bil)79.0 
First Trading Date07/19/2001 
Distance from 52W High-56.9% 
   50 Days200 Days
DMA Price$177.80$223.74
DMA Trenddowndown
Distance from DMA-28.0%-42.8%
 3M1YR
Volatility56.1%40.3%
Downside Capture92.55110.53
Upside Capture-96.50-9.95
Correlation (SPY)4.6%21.8%
ACN Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-1.27-0.26-0.010.470.700.74
Up Beta-0.60-0.32-0.000.340.460.64
Down Beta-0.75-1.190.251.121.090.87
Up Capture-52%-19%-23%-6%14%24%
Bmk +ve Days13283667141432
Stock +ve Days11182958117380
Down Capture-341%18%17%79%111%98%
Bmk -ve Days7132757109318
Stock -ve Days9223365132370

[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-58.1%40.7%-2.02-
Sector ETF (XLK)59.9%23.1%1.966.3%
Equity (SPY)26.5%12.4%1.6117.6%
Gold (GLD)24.2%27.5%0.77-10.4%
Commodities (DBC)19.8%18.8%0.83-6.9%
Real Estate (VNQ)11.0%13.7%0.5220.0%
Bitcoin (BTCUSD)-40.0%42.5%-1.0819.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACN
ACN-13.3%29.8%-0.45-
Sector ETF (XLK)22.9%25.3%0.8048.9%
Equity (SPY)13.5%17.1%0.6255.1%
Gold (GLD)17.1%18.3%0.760.9%
Commodities (DBC)7.5%19.4%0.296.9%
Real Estate (VNQ)1.9%18.9%0.0043.9%
Bitcoin (BTCUSD)11.0%54.2%0.4023.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACN
ACN2.5%27.5%0.13-
Sector ETF (XLK)25.4%24.7%0.9361.0%
Equity (SPY)15.3%18.0%0.7366.6%
Gold (GLD)12.3%16.1%0.631.7%
Commodities (DBC)5.9%18.0%0.2617.3%
Real Estate (VNQ)5.3%20.7%0.2252.2%
Bitcoin (BTCUSD)60.0%66.8%1.0017.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity25.8 Mil
Short Interest: % Change Since 51520267.0%
Average Daily Volume5.3 Mil
Days-to-Cover Short Interest4.9 days
Basic Shares Quantity612.2 Mil
Short % of Basic Shares4.2%

Earnings Returns History

Updated 6/18/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/18/20260.0%  
3/19/20264.3%-1.5%2.1%
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%
12/19/20247.1%3.7%3.7%
9/26/20245.6%5.7%8.5%
...
SUMMARY STATS   
# Positive121115
# Negative13139
Median Positive6.2%4.0%5.2%
Median Negative-2.7%-2.3%-5.6%
Max Positive7.7%10.5%15.9%
Max Negative-9.3%-10.4%-16.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/18/20260.0%  
3/19/20264.3%-1.5%2.1%
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%
12/19/20247.1%3.7%3.7%
9/26/20245.6%5.7%8.5%
6/20/20247.3%6.8%15.9%
3/21/2024-9.3%-10.4%-16.4%
12/19/2023-0.1%3.4%6.8%
9/28/2023-4.3%-1.6%-6.7%
6/22/2023-1.9%-3.7%0.9%
3/23/20237.3%10.5%9.5%
12/16/2022-5.9%-5.8%-0.7%
9/22/2022-1.2%-1.3%-0.9%
6/23/2022-0.2%-2.3%0.9%
3/17/2022-1.7%-1.4%-1.4%
12/16/20216.7%7.6%-5.6%
9/23/20212.5%-3.3%4.0%
6/24/20212.1%3.2%11.8%
3/18/20211.0%1.2%8.9%
12/17/20206.9%4.0%3.7%
9/24/2020-7.0%-2.0%-0.7%
6/25/20207.7%6.3%10.1%
SUMMARY STATS   
# Positive121115
# Negative13139
Median Positive6.2%4.0%5.2%
Median Negative-2.7%-2.3%-5.6%
Max Positive7.7%10.5%15.9%
Max Negative-9.3%-10.4%-16.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
05/31/202606/18/202610-Q
02/28/202603/19/202610-Q
11/30/202512/18/202510-Q
08/31/202510/10/202510-K
05/31/202506/20/202510-Q
02/28/202503/20/202510-Q
11/30/202412/19/202410-Q
08/31/202410/10/202410-K
05/31/202406/20/202410-Q
02/29/202403/21/202410-Q
11/30/202312/19/202310-Q
08/31/202310/12/202310-K
05/31/202306/22/202310-Q
02/28/202303/23/202310-Q
11/30/202212/16/202210-Q
08/31/202210/12/202210-K
Collapse to Preview
Report DateFiling DateFiling
05/31/202606/18/202610-Q
02/28/202603/19/202610-Q
11/30/202512/18/202510-Q
08/31/202510/10/202510-K
05/31/202506/20/202510-Q
02/28/202503/20/202510-Q
11/30/202412/19/202410-Q
08/31/202410/10/202410-K
05/31/202406/20/202410-Q
02/29/202403/21/202410-Q
11/30/202312/19/202310-Q
08/31/202310/12/202310-K
05/31/202306/22/202310-Q
02/28/202303/23/202310-Q
11/30/202212/16/202210-Q
08/31/202210/12/202210-K
05/31/202206/23/202210-Q
02/28/202203/17/202210-Q
11/30/202112/16/202110-Q
08/31/202110/15/202110-K
05/31/202106/24/202110-Q
02/28/202103/18/202110-Q
11/30/202012/17/202010-Q
08/31/202010/22/202010-K
05/31/202006/25/202010-Q
02/29/202003/19/202010-Q
11/30/201912/19/201910-Q
08/31/201910/29/201910-K

Recent Forward Guidance

Updated 6/19/2026

Latest: Q3 2026 Earnings Reported 6/18/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Revenue17.75 Bil18.07 Bil18.40 Bil-3.2% LoweredGuidance: 18.68 Bil for Q3 2026
Q4 2026 Revenue Growth1.0%3.0%5.0%00AffirmedGuidance: 3.0% for Q3 2026
2026 Revenue Growth3.0%3.5%4.0%-12.5%-0.5%LoweredGuidance: 4.0% for 2026
2026 GAAP Diluted EPS13.413.413.50.5% RaisedGuidance: 13.4 for 2026
2026 Adjusted EPS13.813.813.90.5% RaisedGuidance: 13.8 for 2026
2026 Free Cash Flow10.80 Bil11.15 Bil11.50 Bil0 AffirmedGuidance: 11.15 Bil for 2026
2026 GAAP Operating Margin 15.3%   Higher New
2026 Adjusted Operating Margin 15.8%   Higher New
2026 Annual Effective Tax Rate24.0%24.5%25.0%  Higher New
2026 Operating Cash Flow11.50 Bil11.85 Bil12.20 Bil  Higher New
2026 Property & Equipment Additions 700.00 Mil   Higher New
2026 Capital Return 9.50 Bil   Higher New

Prior: Q2 2026 Earnings Reported 3/19/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue18.35 Bil18.68 Bil19.00 Bil   
Q3 2026 Revenue Growth1.0%3.0%5.0%   
2026 Revenue Growth3.0%4.0%5.0%14.3%0.5%RaisedGuidance: 3.5% for 2026
2026 GAAP Diluted EPS13.213.413.50.5% RaisedGuidance: 13.3 for 2026
2026 Adjusted EPS13.713.813.90.5% RaisedGuidance: 13.7 for 2026
2026 Free Cash Flow10.80 Bil11.15 Bil11.50 Bil9.9% RaisedGuidance: 10.15 Bil for 2026

Insider Activity

Updated 6/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Egawa, AtsushiCo-CEO Asia PacificDirectSell4302026177.144,872863,0442,267,794Form
2Sweet, Julie SpellmanChair and CEODirectSell2102026241.236,0571,461,1023,679,892Form
3Walsh, John FCEO-The AmericasDirectSell2052026242.04143,3896,044,268Form
4Sweet, Julie SpellmanChair and CEODirectSell2042026242.395,5001,333,1215,126,454Form
5Burgum, Melissa AChief Accounting OfficerDirectSell2042026250.43153,7562,011,704Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Egawa, AtsushiCo-CEO Asia PacificDirectSell4302026177.144,872863,0442,267,794Form
2Sweet, Julie SpellmanChair and CEODirectSell2102026241.236,0571,461,1023,679,892Form
3Walsh, John FCEO-The AmericasDirectSell2052026242.04143,3896,044,268Form
4Sweet, Julie SpellmanChair and CEODirectSell2042026242.395,5001,333,1215,126,454Form
5Burgum, Melissa AChief Accounting OfficerDirectSell2042026250.43153,7562,011,704Form
6Sharma, ManishChief Strategy & Services OfcrDirectSell2042026250.369824,5351,259,561Form
7Unruch, JoelGeneral Counsel/Corp SecretaryDirectSell1262026281.701,026289,0247,656,888Form
8Clifford, Katherine LeeChief Leadership & HR OfficerDirectSell1212026280.63681191,1081,904,904Form
9MacChi, MauroChief Executive Officer-EMEADirectSell1152026280.00500140,0001,994,440Form
10Sharma, ManishChief Strategy & Services OfcrDirectSell1152026288.132,731786,8712,033,301Form
11Sweet, Julie SpellmanChair and CEODirectSell1152026288.301,694488,38010,766,851Form
12Unruch, JoelGeneral Counsel/Corp SecretaryDirectSell1062026275.001,332366,3007,756,925Form
13Sweet, Julie SpellmanChair and CEODirectSell11062025246.625,9171,459,2772,120,723Form
14Sweet, Julie SpellmanChair and CEODirectSell10302025253.409,0002,280,5873,678,333Form
15Sekido, RyojiCo-CEO Asia PacificDirectSell10232025249.472,500623,675346,763Form
16Sweet, Julie SpellmanChair and CEODirectSell10232025249.579,0002,246,1665,868,981Form
17Sharma, ManishChief Strategy & Services OfcrDirectSell10232025250.016,9021,725,547465,013Form
18MacChi, MauroChief Executive Officer-EMEADirectSell7142025282.34500141,171644,588Form
19Sweet, Julie SpellmanChair and CEODirectSell7142025282.452,251635,7892,290,367Form
20Beatty, AngelaChief Leadership & HR OfficerDirectSell7142025282.3420357,3151,482,001Form
Core Cache Last Updated: 6/20/2026