We delivered another strong quarter with $18 billion of revenue, growing 4% in local currency and once again taking significant market share. We had record bookings of $22.1 billion... and we now expect to deploy $5 billion in acquisitions this year with capacity to do more for the right opportunities.
— Julie T. Sweet, Chair & CEO
03Detailed Report
ACN
Accenture plc
Period
Q2 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 26, 2026
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Executive Summary
Accenture reported solid Q2 FY2026 results with revenue of $18.04 billion, operating margin expansion of ~30 basis points to 13.8% and record bookings of $22.1 billion. EPS (diluted) was $2.93. The company generated very strong operating cash flow ($3.82 billion) and free cash flow ($3.67 billion) in the quarter despite significant acquisition activity ($1.6 billion deployed this quarter) and elevated investments in talent and capabilities. The balance sheet remains healthy with $9.40 billion of cash and a net cash position (net debt approximately negative $1.05 billion). Management raised certain elements of guidance and reiterated an acquisitive strategy (now expecting ~$5.0 billion of M&A deployment for the year) to accelerate AI, data and cybersecurity capabilities. Key investor considerations are continued demand tied to AI adoption, execution of the acquisition pipeline and the sustainability of margin expansion while investing in growth.
Key Performance Indicators
Revenue
Increasing
18.04B
QoQ: -3.72% | YoY: 8.31%
Gross Profit
Increasing
5.46B
30.26% margin
QoQ: -11.49% | YoY: 9.74%
Operating Income
Increasing
2.49B
QoQ: -20.89% | YoY: 11.09%
Net Income
Increasing
1.86B
QoQ: -15.92% | YoY: 3.99%
EPS
Increasing
2.96
QoQ: -17.09% | YoY: 3.50%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $18.0447 billion (Q2 FY2026)
Gross profit: $5.4594 billion; gross margin ~30.3%
Operating income: $2.4935 billion; operating margin 13.8% (up ~30 bps YoY)
Net income (GAAP): $1.8594 billion; diluted EPS $2.93
Bookings (quarter): $22.1 billion (record); book-to-bill ~1.2
Operating cash flow: $3.8176 billion
Free cash flow: $3.6680 billion
Cash & short-term investments: $9.4060 billion
Total debt: $8.3474 billion; net debt: approximately -$1.052 billion (net cash)
Total assets: $67.06 billion; total stockholders' equity: $31.21 billion
Days sales outstanding (DSO): 46 days
Computed current ratio (quarter-end): ~1.34; quick ratio (approx.): ~1.20
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
18.04B
8.31%
-3.72%
Gross Profit
5.46B
9.74%
-11.49%
Operating Income
2.49B
11.09%
-20.89%
Net Income
1.86B
3.99%
-15.92%
EPS
2.96
3.50%
-17.09%
Key Financial Ratios
Management Insights Available for Members
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