Item 1. Financial Statements

Consolidated Balance Sheets

November 30, 2025 and August 31, 2025

			November 30, 2025						August 31, 2025
ASSETS			(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents			$	9,649,405					$	11,478,729
Short-term investments			5,906						5,945
Receivables and contract assets			16,006,709						14,985,073
Other current assets			2,404,674						2,430,942
Total current assets			28,066,694						28,900,689
NON-CURRENT ASSETS:
Contract assets			188,147						180,362
Investments			803,000						721,260
Property and equipment, net			1,558,316						1,566,374
Lease assets			2,758,958						2,740,321
Goodwill			22,621,663						22,536,416
Deferred contract costs			1,045,856						1,025,391
Deferred tax assets			3,690,039						3,791,215
Intangibles			2,331,615						2,410,755
Other non-current assets			1,634,175						1,522,114
Total non-current assets			36,631,769						36,494,208
TOTAL ASSETS			$	64,698,463					$	65,394,897
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings			$	113,676					$	114,484
Accounts payable			2,971,647						2,695,589
Deferred revenues			5,494,732						6,073,170
Accrued payroll and related benefits			7,937,214						8,084,214
Income taxes payable			665,737						701,219
Lease liabilities			729,244						729,003
Other accrued liabilities			1,984,271						1,954,418
Total current liabilities			19,896,521						20,352,097
NON-CURRENT LIABILITIES:
Long-term debt			5,031,646						5,034,169
Deferred revenues			727,393						642,361
Retirement obligation			1,828,303						1,858,499
Deferred tax liabilities			459,236						471,931
Income taxes payable			1,329,110						1,291,921
Lease liabilities			2,327,433						2,305,210
Other non-current liabilities			1,176,539						1,197,742
Total non-current liabilities			12,879,660						12,801,833
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of November 30, 2025 and August 31, 2025			57						57
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 660,352,923 and 657,964,764 shares issued as of November 30, 2025 and August 31, 2025, respectively			15						14
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 302,358 shares issued and outstanding as of November 30, 2025 and August 31, 2025,			—						—
Restricted share units			2,954,675						2,790,652
Additional paid-in capital			17,236,636						16,603,344
Treasury shares, at cost: Ordinary, 40,000 shares as of November 30, 2025 and August 31, 2025; Class A ordinary, 44,997,383 and 36,108,842 shares as of November 30, 2025 and August 31, 2025, respectively			(9,875,573)						(7,751,973)
Retained earnings			22,148,070						21,018,731
Accumulated other comprehensive loss			(1,596,377)						(1,465,379)
Total Accenture plc shareholders’ equity			30,867,503						31,195,446
Noncontrolling interests			1,054,779						1,045,521
Total shareholders’ equity			31,922,282						32,240,967
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			$	64,698,463					$	65,394,897

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q						4

Consolidated Income Statements

For the Three Months Ended November 30, 2025 and 2024

(Unaudited)

			2025						2024
REVENUES:
Revenues			$	18,742,125					$	17,689,545
OPERATING EXPENSES:
Cost of services			12,545,007						11,866,716
Sales and marketing			1,874,932						1,811,109
General and administrative costs			1,140,947						1,063,243
Business optimization costs			307,541						—
Total operating expenses			15,868,427						14,741,068
OPERATING INCOME			2,873,698						2,948,477
Interest income			106,223						76,027
Interest expense			(65,365)						(30,042)
Other income (expense), net			53,114						(39,217)
INCOME BEFORE INCOME TAXES			2,967,670						2,955,245
Income tax expense			725,774						639,055
NET INCOME			2,241,896						2,316,190
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.			(2,083)						(2,170)
Net income attributable to noncontrolling interests – other			(28,252)						(35,126)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC			$	2,211,561					$	2,278,894
Weighted average Class A ordinary shares:
Basic			619,307,086						625,676,922
Diluted			626,043,040						634,656,410
Earnings per Class A ordinary share:
Basic			$	3.57					$	3.64
Diluted			$	3.54					$	3.59
Cash dividends per share			$	1.63					$	1.48

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Consolidated Financial Statements (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q						5

Consolidated Statements of Comprehensive Income

For the Three Months Ended November 30, 2025 and 2024

(Unaudited)

			2025						2024
NET INCOME			$	2,241,896					$	2,316,190
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation			(173,173)						(474,983)
Defined benefit plans			66,820						(15,758)
Cash flow hedges			(24,645)						(3,911)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC			(130,998)						(494,652)
Other comprehensive income (loss) attributable to noncontrolling interests			(2,868)						(10,093)
COMPREHENSIVE INCOME			$	2,108,030					$	1,811,445
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC			$	2,080,563					$	1,784,242
Comprehensive income attributable to noncontrolling interests			27,467						27,203
COMPREHENSIVE INCOME			$	2,108,030					$	1,811,445

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q						6

Consolidated Shareholders’ Equity Statement

For the Three Months Ended November 30, 2025

(Unaudited)

			Ordinary Shares												Class A Ordinary Shares												Class X Ordinary Shares												Restricted Share Units						Additional Paid-in Capital						Treasury Shares												Retained Earnings						Accumulated Other Comprehensive Loss						Total Accenture plc Shareholders’ Equity						Noncontrolling Interests						Total Shareholders’ Equity
			$						No. Shares						$						No. Shares						$						No. Shares												$						No. Shares
Balance as of August 31, 2025			$	57					40						$	14					657,965						$	—					302						$	2,790,652					$	16,603,344					$	(7,751,973)					(36,149)						$	21,018,731					$	(1,465,379)					$	31,195,446					$	1,045,521					$	32,240,967
Net income																																																															2,211,561												2,211,561						30,335						2,241,896
Other comprehensive income (loss)																																																																					(130,998)						(130,998)						(2,868)						(133,866)
Purchases of Class A shares																																													1,741						(2,329,737)						(9,497)																		(2,327,996)						(1,741)						(2,329,737)
Share-based compensation expense																																							414,314						54,678																														468,992												468,992
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares																																													(856)																														(856)												(856)
Issuances of Class A shares for employee share programs															1						2,388																		(277,038)						583,370						206,137						609						(46,611)												465,859						340						466,199
Dividends																																							26,747																								(1,035,611)												(1,008,864)						(952)						(1,009,816)
Other, net																																													(5,641)																														(5,641)						(15,856)						(21,497)
Balance as of November 30, 2025			$	57					40						$	15					660,353						$	—					302						$	2,954,675					$	17,236,636					$	(9,875,573)					(45,037)						$	22,148,070					$	(1,596,377)					$	30,867,503					$	1,054,779					$	31,922,282

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q						7

Consolidated Shareholders’ Equity Statement — (continued)

For the Three Months Ended November 30, 2024

(Unaudited)

			Ordinary Shares												Class A Ordinary Shares												Class X Ordinary Shares												Restricted Share Units						Additional Paid-in Capital						Treasury Shares												Retained Earnings						Accumulated Other Comprehensive Loss						Total Accenture plc Shareholders’ Equity						Noncontrolling Interests						Total Shareholders’ Equity
			$						No. Shares						$						No. Shares						$						No. Shares												$						No. Shares
Balance as of August 31, 2024			$	57					40						$	15					672,485						$	—					308						$	2,614,608					$	14,710,857					$	(10,564,572)					(47,245)						$	23,082,423					$	(1,554,742)					$	28,288,646					$	879,602					$	29,168,248
Net income																																																															2,278,894												2,278,894						37,296						2,316,190
Other comprehensive income (loss)																																																																					(494,652)						(494,652)						(10,093)						(504,745)
Purchases of Class A shares																																													742						(897,395)						(2,528)																		(896,653)						(742)						(897,395)
Share-based compensation expense																																							413,697						56,728																														470,425												470,425
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares																																													(869)																														(869)												(869)
Issuances of Class A shares for employee share programs																					1,794																		(284,465)						605,253						157,455						484						(491)												477,752						(385)						477,367
Dividends																																							33,583																								(958,258)												(924,675)						(883)						(925,558)
Other, net																																													(8,373)																														(8,373)						7,133						(1,240)
Balance as of November 30, 2024			$	57					40						$	15					674,279						$	—					308						$	2,777,423					$	15,364,338					$	(11,304,512)					(49,289)						$	24,402,568					$	(2,049,394)					$	29,190,495					$	911,928					$	30,102,423

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Consolidated Financial Statements (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q						8

Consolidated Cash Flows Statements

For the Three Months Ended November 30, 2025 and 2024

(Unaudited)

			2025						2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income			$	2,241,896					$	2,316,190
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other			581,791						569,340
Share-based compensation expense			468,992						470,425
Deferred tax expense (benefit)			53,856						59,222
Other, net			(74,083)						(19,903)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current			(1,098,877)						(1,225,106)
Other current and non-current assets			(285,276)						(441,514)
Accounts payable			291,909						(124,399)
Deferred revenues, current and non-current			(369,028)						(313,397)
Accrued payroll and related benefits			(74,333)						(307,357)
Income taxes payable, current and non-current			26,415						50,891
Other current and non-current liabilities			(99,165)						(11,906)
Net cash provided by (used in) operating activities			1,664,097						1,022,486
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment			(156,582)						(152,205)
Purchases of businesses and investments, net of cash acquired			(373,794)						(241,560)
Proceeds from the sale of businesses and investments, net of cash transferred			22,633						5,270
Other investing, net			2,868						2,971
Net cash provided by (used in) investing activities			(504,875)						(385,524)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares			466,199						477,367
Purchases of shares			(2,330,593)						(898,264)
Proceeds from debt			—						5,061,085
Repayments of debt			—						(931,885)
Cash dividends paid			(1,009,816)						(925,558)
Other financing, net			(36,840)						(30,997)
Net cash provided by (used in) financing activities			(2,911,050)						2,751,748
Effect of exchange rate changes on cash and cash equivalents			(77,496)						(87,124)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS			(1,829,324)						3,301,586
CASH AND CASH EQUIVALENTS, beginning of period			11,478,729						5,004,469
CASH AND CASH EQUIVALENTS, end of period			$	9,649,405					$	8,306,055
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid			$	114,976					$	12,578
Income taxes paid, net			$	563,198					$	529,162

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						9

1. Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2025 included in our Annual Report on Form 10-K filed with the SEC on October 10, 2025.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three months ended November 30, 2025 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2026.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of November 30, 2025 and August 31, 2025, the total allowance for credit losses recorded for client receivables and contract assets was $24,571 and $32,247, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

			November 30, 2025						August 31, 2025
Equity method investments			$	352,981					$	355,276
Investments without readily determinable fair values			450,019						365,984
Total non-current investments			$	803,000					$	721,260

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						10

Depreciation and Amortization

As of November 30, 2025 and August 31, 2025, total accumulated depreciation was $2,988,124 and $2,926,630, respectively. See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three months ended November 30, 2025 and 2024, respectively.

			Three Months Ended
			November 30, 2025						November 30, 2024
Depreciation			$	143,583					$	133,099
Amortization—Deferred transition			80,940						85,324
Amortization—Intangible assets			152,447						160,214
Operating lease cost			203,801						186,529
Other			1,020						4,174
Total depreciation, amortization and other			$	581,791					$	569,340

Business Optimization

During the first quarter of fiscal 2026, we completed our six-month business optimization program. We recorded a total of $923 million under the program, including $628 million of employee severance associated with headcount reductions we made in a compressed timeline, as well as asset impairments of $295 million primarily related to the divestiture of two acquisitions in the Americas that are no longer aligned with our strategic priorities.

Total business optimization costs by reportable operating segment for the three months ended November 30, 2025 and August 31, 2025 were as follows:

			Three Months Ended
			November 30, 2025						August 31, 2025
Americas			$	66,749					$	420,469
EMEA			169,811						131,980
Asia Pacific			70,981						62,875
Total business optimization costs			$	307,541					$	615,324

New Accounting Pronouncements

On December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our financial position or results of operations.

On November 4, 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses, which requires entities to disclose specified information about certain expenses in the notes to the financial statements, including employee compensation. The ASU will be effective beginning with our annual fiscal 2028 financial statements and can be applied prospectively or retrospectively, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures.

On September 18, 2025, the FASB issued ASU No. 2025-06, Targeted Improvements to the Accounting for Internal-Use-Software, which eliminates the use of software development stages for determining capitalization. Under the new standard, capitalization will be based on the probability that the software will be completed and the certainty that it will function as intended. The ASU will be effective beginning with our interim fiscal 2029 financial statements and transition approaches include prospective, retrospective or modified methods, with early adoption permitted. We are currently evaluating the impact of this standard on our financial statements and disclosures, as well as the timing of our adoption.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						11

2. Revenues

Disaggregation of Revenue

See Note 12 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues.

Remaining Performance Obligations

We had remaining performance obligations of approximately $35 billion and $34 billion as of November 30, 2025 and August 31, 2025, respectively. Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. We expect to recognize approximately 54% of our remaining performance obligations as of November 30, 2025 as revenue in fiscal 2026, an additional 20% in fiscal 2027, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three months ended November 30, 2025 and 2024, respectively.

Contract Balances

Deferred transition revenues were $727,393 and $642,361 as of November 30, 2025 and August 31, 2025, respectively, and are included in Non-current deferred revenues. Costs related to these activities are also deferred and are expensed as the services are provided. Deferred transition costs were $1,045,856 and $1,025,391 as of November 30, 2025 and August 31, 2025, respectively, and are included in Deferred contract costs. Generally, deferred transition costs are recoverable under the contract in the event of early termination and are monitored regularly for impairment. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets.

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

			November 30, 2025						August 31, 2025
Receivables			$	13,931,774					$	13,065,433
Contract assets (current)			2,074,935						1,919,640
Receivables and contract assets, net of allowance (current)			16,006,709						14,985,073
Contract assets (non-current)			188,147						180,362
Deferred revenues (current)			5,494,732						6,073,170
Deferred revenues (non-current)			727,393						642,361

Changes in the contract asset and liability balances during the three months ended November 30, 2025 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three months ended November 30, 2025 that were included in Deferred revenues as of August 31, 2025 were $3.3 billion. Revenues recognized during the three months ended November 30, 2024 that were included in Deferred revenues as of August 31, 2024 were $2.8 billion.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						12

3. Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

			Three Months Ended
			November 30, 2025						November 30, 2024
Basic earnings per share
Net income attributable to Accenture plc			$	2,211,561					$	2,278,894
Basic weighted average Class A ordinary shares			619,307,086						625,676,922
Basic earnings per share			$	3.57					$	3.64
Diluted earnings per share
Net income attributable to Accenture plc			$	2,211,561					$	2,278,894
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)			2,083						2,170
Net income for diluted earnings per share calculation			$	2,213,644					$	2,281,064
Basic weighted average Class A ordinary shares			619,307,086						625,676,922
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)			583,286						595,837
Diluted effect of employee compensation related to Class A ordinary shares			6,044,996						8,185,818
Diluted effect of share purchase plans related to Class A ordinary shares			107,672						197,833
Diluted weighted average Class A ordinary shares (2)			626,043,040						634,656,410
Diluted earnings per share			$	3.54					$	3.59

(1)Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests - other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

(2)The weighted average diluted shares outstanding for the calculation of diluted earnings per share excludes an immaterial amount of shares issuable upon the vesting of restricted stock units because their effects were antidilutive.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						13

4. Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

			Three Months Ended
			November 30, 2025						November 30, 2024
Foreign currency translation
Beginning balance			$	(1,060,062)					$	(1,295,743)
Foreign currency translation			(181,886)						(486,087)
Income tax benefit (expense)			5,805						1,030
Portion attributable to noncontrolling interests			2,908						10,074
Foreign currency translation, net of tax			(173,173)						(474,983)
Ending balance			(1,233,235)						(1,770,726)
Defined benefit plans
Beginning balance			(195,940)						(254,172)
Reclassifications into net periodic pension and post-retirement expense			82,373						(17,680)
Income tax benefit (expense)			(15,490)						1,907
Portion attributable to noncontrolling interests			(63)						15
Defined benefit plans, net of tax			66,820						(15,758)
Ending balance			(129,120)						(269,930)
Cash flow hedges
Beginning balance			(209,377)						(4,827)
Unrealized gain (loss)			(53,907)						14,598
Reclassification adjustments into Cost of services			29,354						(7,477)
Income tax benefit (expense)			(115)						(11,036)
Portion attributable to noncontrolling interests			23						4
Cash flow hedges, net of tax			(24,645)						(3,911)
Ending balance (1)			(234,022)						(8,738)
Accumulated other comprehensive loss			$	(1,596,377)					$	(2,049,394)

(1)As of November 30, 2025, $140,853 of net unrealized losses related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						14

5. Business Combinations

During the three months ended November 30, 2025, we completed individually immaterial acquisitions for total consideration of $307,040, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

6. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable segment are as follows:

			August 31, 2025						Additions/ Adjustments						Foreign Currency Translation						November 30, 2025
Americas			$	12,414,698					$	164,086					$	(8,050)					$	12,570,734
EMEA			8,036,627						(203)						(82,790)						7,953,634
Asia Pacific			2,085,091						77,760						(65,556)						2,097,295
Total			$	22,536,416					$	241,643					$	(156,396)					$	22,621,663

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

						November 30, 2025																		August 31, 2025
Intangible Asset Class						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Customer-related						$	3,727,900					$	(1,633,719)					$	2,094,181					$	3,735,706					$	(1,572,270)					$	2,163,436
Technology						298,786						(181,721)						117,065						294,292						(173,864)						120,428
Patents						113,359						(72,346)						41,013						114,739						(72,430)						42,309
Other						118,113						(38,757)						79,356						125,255						(40,673)						84,582
Total						$	4,258,158					$	(1,926,543)					$	2,331,615					$	4,269,992					$	(1,859,237)					$	2,410,755

Total amortization related to our intangible assets was $152,447 and $160,214 for the three months ended November 30, 2025 and 2024, respectively. Estimated future amortization related to intangible assets held as of November 30, 2025 is as follows:

Fiscal Year						Estimated Amortization
Remainder of 2026						$	416,156
2027						494,448
2028						457,049
2029						365,208
2030						267,927
Thereafter						330,827
Total						$	2,331,615

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						15

7. Shareholders’ Equity

Dividends

Our dividend activity during the three months ended November 30, 2025 is as follows:

						Dividend Per Share						Accenture plc Class A Ordinary Shares												Accenture Canada Holdings Inc. Exchangeable Shares												Total Cash Outlay
Dividend Payment Date									Record Date						Cash Outlay						Record Date						Cash Outlay
November 14, 2025						$	1.63					October 10, 2025						$	1,008,864					October 9, 2025						$	952					$	1,009,816

The payment of cash dividends includes the net effect of $26,747 of additional restricted stock units being issued as a part of our share plans, which resulted in 114,613 restricted share units being issued.

Subsequent Event

On December 17, 2025, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.63 per share on our Class A ordinary shares for shareholders of record at the close of business on January 13, 2026 payable on February 13, 2026.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						16

8. Financial Instruments

Derivatives

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2025 and 2024, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $24,730 and $4,256 for the three months ended November 30, 2025 and 2024, respectively, Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

			November 30, 2025						August 31, 2025
Assets
Cash Flow Hedges
Other current assets			$	1,471					$	13,208
Other non-current assets			983						5,506
Other Derivatives
Other current assets			4,819						18,133
Total assets			$	7,273					$	36,847
Liabilities
Cash Flow Hedges
Other accrued liabilities			$	142,323					$	128,285
Other non-current liabilities			119,692						126,793
Other Derivatives
Other accrued liabilities			35,549						26,311
Total liabilities			$	297,564					$	281,389
Total fair value			$	(290,291)					$	(244,542)
Total notional value			$	15,539,769					$	17,201,447

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

			November 30, 2025						August 31, 2025
Net derivative assets			$	1,832					$	767
Net derivative liabilities			292,123						245,309
Total fair value			$	(290,291)					$	(244,542)

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						17

9. Borrowings and Indebtedness

On October 4, 2024, Accenture Capital Inc. (“Accenture Capital”), a wholly owned finance subsidiary of Accenture plc, issued $5 billion aggregate principal amount of senior unsecured notes. Net proceeds from the offering are being used for general corporate purposes, including repayment of outstanding commercial paper borrowings. Interest on the senior unsecured notes is payable semi-annually in arrears. Accenture Capital may redeem the senior unsecured notes at any time in whole, or from time to time, in part at specified redemption prices. Accenture plc and Accenture Capital are not subject to any financial covenants under the senior unsecured notes.

The following is a summary of total outstanding debt as of November 30, 2025 and August 31, 2025, respectively:

									November 30, 2025						August 31, 2025
Current portion of long-term debt and bank borrowings
Commercial paper (1)									$	99,246					$	99,963
Other (2)									14,430						14,521
Total current portion of long-term debt and bank borrowings									$	113,676					$	114,484
Long-term debt
Senior notes – 3.90% due 2027									$	1,100,000					$	1,100,000
Senior notes – 4.05% due 2029									1,200,000						1,200,000
Senior notes – 4.25% due 2031									1,200,000						1,200,000
Senior notes – 4.50% due 2034									1,500,000						1,500,000
Total principal amount (3)									$	5,000,000					$	5,000,000
Less: unamortized debt discount and issuance costs									(31,037)						(32,774)
Total carrying amount									$	4,968,963					$	4,967,226
Other (2)									62,683						66,943
Total long-term debt									$	5,031,646					$	5,034,169

(1)The carrying amounts of the commercial paper as of November 30, 2025 and August 31, 2025 include the remaining principal outstanding of $100,000 and $100,000, respectively, net of total unamortized discounts of $754 and $37, respectively. The weighted-average effective interest rate for the commercial paper was 4.1% and 4.5% as of November 30, 2025 and August 31, 2025, respectively.

(2)Amounts primarily include finance lease liabilities.

(3)The total estimated fair value of our senior notes was $5.0 billion as of November 30, 2025. The fair value was determined based on quoted prices as of the last trading day of the first quarter of fiscal 2026 and is classified as Level 2 within the fair value hierarchy.

As of November 30, 2025, future principal payments for total outstanding debt, excluding finance leases, are summarized as follows:

Fiscal Year			Amount
Remainder of 2026			$	100,000
2027			—
2028			1,100,000
2029			—
2030			1,200,000
Thereafter			2,700,000
Total			$	5,100,000

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						18

As of November 30, 2025, we had the following borrowing facilities:

			Credit Facilities
Syndicated loan facility (1)			$	5,500,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)			2,075,834
Local guaranteed and non-guaranteed lines of credit (3)			297,387
Total			$	7,873,221

(1)This facility, which matures on May 14, 2029, provides unsecured, revolving borrowing capacity for general corporate purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We continue to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees.

(2)We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of November 30, 2025 and August 31, 2025, we had no borrowings under these facilities.

(3)We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of November 30, 2025 and August 31, 2025, we had no borrowings under these various facilities.

We had an aggregate of $1,372,445 and $1,373,620 of letters of credit outstanding and $100,000 and $100,000 (excluding unamortized discounts) of commercial paper outstanding as of November 30, 2025 and August 31, 2025, respectively. The amount of letters of credit and commercial paper outstanding reduces the available borrowing capacity under the facilities described above.

10. Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended November 30, 2025 and 2024 were 24.5% and 21.6%, respectively. The higher effective tax rate for the three months ended November 30, 2025 was primarily due to reduced benefits from adjustments to prior year tax liabilities.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						19

11. Commitments and Contingencies

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of November 30, 2025 and August 31, 2025, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $2,418,000 and $2,225,000, respectively, of which all but approximately $54,000 and $55,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of November 30, 2025 and August 31, 2025, we have issued or provided guarantees in the form of letters of credit and surety bonds of $2,010,269 ($1,794,204 net of recourse provisions) and $1,997,596 ($1,788,832 net of recourse provisions), respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance. These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of November 30, 2025, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. We appealed the district court’s decision, and on June 3, 2025, the appeals court again reversed the class certification and declined to order another remand to the district court on those certification issues. We continue to believe the lawsuit is without merit and we will continue to vigorously defend it. At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences, including civil and criminal penalties, including under the civil U.S. False Claims Act and/or other statutes, and administrative sanctions, such as termination of contracts, forfeiture of profits, suspension of payments, fines and suspensions or debarment from doing business with agencies of the U.S. government. We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs in excess of the amounts already accrued that are reasonably likely to be incurred in connection with this matter.

Table of Contents						Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q						20

12. Segment Reporting

Operating segments are components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker(s). Our three reportable segments are our geographic markets: Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific. Each market represents a strategic business unit providing consulting and managed services to clients across different industries.

Our chief operating decision makers are our Chief Executive Officer and Chief Financial Officer who evaluate our reportable segments based on segment revenue and operating income. Company resources are aligned to reportable segments based on market demand.

Information regarding our geographic markets is as follows. Amounts are attributed to geographic markets based on where clients are located. Our expenses primarily consist of employee compensation costs, subcontractor costs and facilities and technology costs.

Three Months Ended November 30, 2025			Americas			EMEA			Asia Pacific						Total
Revenues			$	9,080,059		$	6,935,233		$	2,726,833					$	18,742,125
Less:
Payroll costs			5,828,921			4,620,806			1,680,353						12,130,080
Non-payroll costs including subcontractor costs (1)			1,480,392			1,098,985			479,486						3,058,863
Depreciation and amortization (2)			176,662			145,140			50,141						371,943
Business optimization costs (3)			66,749			169,811			70,981						307,541
Operating income			1,527,335			900,491			445,872						2,873,698
Net assets as of November 30, 2025 (4)			6,231,379			4,318,954			468,254						11,018,587
Property & equipment, net as of November 30, 2025			576,997			506,365			474,954						1,558,316
Three Months Ended November 30, 2024
Revenues			$	8,733,095		$	6,411,952		$	2,544,498					$	17,689,545
Less:
Payroll costs			5,655,264			4,239,711			1,553,103						11,448,078
Non-payroll costs including subcontractor costs (1)			1,498,168			996,237			412,182						2,906,587
Depreciation and amortization (2)			202,429			140,027			43,947						386,403
Operating income			1,377,234			1,035,977			535,266						2,948,477
Net assets as of November 30, 2024 (4)			5,469,264			4,152,416			640,533						10,262,213
Property & equipment, net as of November 30, 2024			614,457			445,904			447,099						1,507,460

(1) Non-payroll costs primarily include subcontractor costs and other non-payroll such as facilities, technology and travel costs.

(2) Amounts include depreciation on property and equipment and amortization of intangible assets and deferred transition costs.

(3) Costs recorded in connection with business optimization actions initiated during the fourth quarter of fiscal 2025 and completed during the first quarter of fiscal 2026, primarily for employee severance.

(4)We do not allocate total assets by reportable segment. Reportable segment assets directly attributable to a reportable segment and provided to the chief operating decision makers include receivables and current and non-current contract assets, deferred contract costs and current and non-current deferred revenues.

Revenues by industry group and type of work are as follows:

			Three Months Ended
			November 30, 2025						November 30, 2024
Industry Groups
Communications, Media & Technology			$	3,102,457					$	2,857,885
Financial Services			3,602,372						3,168,835
Health & Public Service			3,796,837						3,812,609
Products			5,741,241						5,425,317
Resources			2,499,218						2,424,899
Total Revenues			$	18,742,125					$	17,689,545
Type of Work
Consulting			$	9,414,567					$	9,045,228
Managed Services			9,327,558						8,644,317
Total Revenues			$	18,742,125					$	17,689,545

Table of Contents
ACCENTURE FORM 10-Q						Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			21