Executive Summary
Executive overview: Accenture reported a solid QQ3 2025 performance with USD 17.73 billion in revenue, up 7.66% year over year and 6.41% quarter over quarter. Gross profit reached USD 5.83 billion, yielding a gross margin of approximately 32.87%, while operating income was USD 2.98 billion for an operating margin of about 16.83%. Net income totaled USD 2.20 billion with EPS of USD 3.52 (diluted USD 3.49). The quarterly free cash flow generation was strong at USD 3.52 billion, underscoring the company’s ability to translate top-line growth into durable cash generation. The balance sheet remains highly liquid with USD 9.63 billion in cash and equivalents and a net cash position of about USD 1.47 billion (net debt negative). The company also returned capital aggressively, with USD 1.80 billion in stock repurchases and USD 0.92 billion of dividends in the period, while net cash provided by operating activities stood at USD 3.68 billion. Total assets stood at roughly USD 63.36 billion and total stockholders’ equity at USD 30.56 billion, supported by a substantial goodwill base and intangible assets. Management commentary (where available in the data) points to continued demand for cloud, digital transformation, and AI-enabled services, supporting a constructive longer-term growth runway.
Key takeaways for investors: (1) Accenture delivered sustainment of growth aided by high-value, differentiated offerings in cloud, AI, and enterprise software services; (2) margins remained healthy despite industry wage pressures and the typical mix shift toward higher-value solutions; (3) capital allocation was favorable, with meaningful buybacks and steady dividend support, backed by resilient cash flow and a robust balance sheet. The near-term outlook remains positive, with the main risks centered on talent acquisition/retention, macro spending cycles, and competitive intensity in a rapidly evolving tech-services landscape.
Key Performance Indicators
Key Insights
Revenue (QQ3 2025): USD 17.7279B; YoY growth: 7.66%; QoQ growth: 6.41%
Gross Profit: USD 5.82665B; Gross Margin: 32.87%; YoY Gross Profit growth: 5.77%; QoQ: 17.12%
Operating Income: USD 2.98278B; Operating Margin: 16.83%; YoY: 9.72%; QoQ: 32.88%
Net Income: USD 2.19750B; Net Margin: 12.40%; YoY: 13.73%; QoQ: 22.90%
EPS (GAAP): USD 3.52; Diluted EPS: USD 3.49; YoY EPS growth: 14.29%; QoQ: 23.08%
EBITDA: USD 3.31075B; EBITDA Margin: 18.68%
Free Cash Flow (FCF): USD 3.51526B; FCF Margin approximat...
Financial Highlights
Revenue (QQ3 2025): USD 17.7279B; YoY growth: 7.66%; QoQ growth: 6.41%
Gross Profit: USD 5.82665B; Gross Margin: 32.87%; YoY Gross Profit growth: 5.77%; QoQ: 17.12%
Operating Income: USD 2.98278B; Operating Margin: 16.83%; YoY: 9.72%; QoQ: 32.88%
Net Income: USD 2.19750B; Net Margin: 12.40%; YoY: 13.73%; QoQ: 22.90%
EPS (GAAP): USD 3.52; Diluted EPS: USD 3.49; YoY EPS growth: 14.29%; QoQ: 23.08%
EBITDA: USD 3.31075B; EBITDA Margin: 18.68%
Free Cash Flow (FCF): USD 3.51526B; FCF Margin approximately 19.8%
Cash Flow from Operations: USD 3.68437B
Capital Expenditures: USD 169.11M
Free Cash Flow Yield reflects strong conversion of earnings to cash (FCF/Revenue ≈ 19.8%)
Cash, Equivalents & Short-Term Investments: USD 9.637B; Net Debt: USD -1.467B (net cash position)
Total Assets: USD 63.362B; Total Liabilities: USD 31.8125B; Stockholders’ Equity: USD 30.5547B
Current Assets/Current Liabilities: USD 27.4165B / USD 18.7688B; Estimated Current Ratio ≈ 1.46
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
17.73B |
7.66% |
6.41% |
| Gross Profit |
5.83B |
5.77% |
17.12% |
| Operating Income |
2.98B |
9.72% |
32.88% |
| Net Income |
2.20B |
13.73% |
22.90% |
| EPS |
3.52 |
14.29% |
23.08% |
Management Commentary
transcriptHighlights: N/A — The provided data set does not include earnings call transcripts or management commentary text. As such, there are no direct quotes or theme-based management insights captured in this delivery. If transcripts or quotes are provided, they can be integrated here under thematic categories (Strategy, Operations, Market Conditions) with context and significance.
Forward Guidance
Management guidance for QQ4 2025 or full-year 2025 is not included in the provided data. In lieu of explicit guidance, the forward-looking view rests on: (1) demand tailwinds in cloud transformation, automation, and AI-enabled services; (2) continued margin discipline through mix shift toward high-value, retained services and efficient delivery; (3) strong free cash flow supporting capital returns and selective reinvestment. Risks to the outlook include: wage/inflationary pressure, talent supply constraints, macro spending cycles, and competitive pressures from peers in the global IT services space. Based on QQ3 2025 results, a constructive path suggests modest to mid-single-digit revenue growth in the near term with steady to modestly expanding margins, supported by automation, platform-based offerings, and ongoing client multi-year renewal cycles. Key factors to monitor: utilization rates, pricing discipline, project mix (transformation vs. run-rate services), pipeline in cloud and AI engagements, and the pace of share repurchases and dividend policy alignment with cash flow.