Item 1. Financial Statements

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Item 1. Financial Statements

Consolidated Balance Sheets

May 31, 2026 and August 31, 2025


	May 31, 2026		August 31, 2025
ASSETS	(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents	$	10,165,245	$	11,478,729
Short-term investments	6,322		5,945
Receivables and contract assets	16,035,963		14,985,073
Other current assets	2,730,815		2,430,942
Total current assets	28,938,345		28,900,689
NON-CURRENT ASSETS:
Contract assets	333,577		180,362
Investments	925,324		721,260
Property and equipment, net	1,619,981		1,566,374
Lease assets	2,973,530		2,740,321
Goodwill	25,322,800		22,536,416
Deferred contract costs	1,136,760		1,025,391
Deferred tax assets	3,567,536		3,791,215
Intangibles	2,498,992		2,410,755
Other non-current assets	1,489,716		1,522,114
Total non-current assets	39,868,216		36,494,208
TOTAL ASSETS	$	68,806,561	$	65,394,897
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	$	112,816	$	114,484
Accounts payable	3,176,740		2,695,589
Deferred revenues	6,529,286		6,073,170
Accrued payroll and related benefits	8,701,843		8,084,214
Income taxes payable	331,211		701,219
Lease liabilities	750,922		729,003
Other accrued liabilities	2,006,289		1,954,418
Total current liabilities	21,609,107		20,352,097
NON-CURRENT LIABILITIES:
Long-term debt	5,029,449		5,034,169
Deferred revenues	1,038,253		642,361
Retirement obligation	1,910,231		1,858,499
Deferred tax liabilities	551,538		471,931
Income taxes payable	1,396,944		1,291,921
Lease liabilities	2,495,583		2,305,210
Other non-current liabilities	1,267,743		1,197,742
Total non-current liabilities	13,689,741		12,801,833
COMMITMENTS AND CONTINGENCIES
Redeemable noncontrolling interests	493,874		—
SHAREHOLDERS’ EQUITY:
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of May 31, 2026 and August 31, 2025	57		57
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 667,466,373 and 657,964,764 shares issued as of May 31, 2026 and August 31, 2025, respectively	15		14
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 300,673 and 302,358 shares issued and outstanding as of May 31, 2026 and August 31, 2025, respectively	—		—
Restricted share units	2,468,623		2,790,652
Additional paid-in capital	19,142,972		16,603,344
Treasury shares, at cost: Ordinary, 40,000 shares as of May 31, 2026 and August 31, 2025; Class A ordinary, 55,604,429 and 36,108,842 shares as of May 31, 2026 and August 31, 2025, respectively	(11,946,797)		(7,751,973)
Retained earnings	24,025,992		21,018,731
Accumulated other comprehensive loss	(1,800,296)		(1,465,379)
Total Accenture plc shareholders’ equity	31,890,566		31,195,446
Noncontrolling interests	1,123,273		1,045,521
Total shareholders’ equity	33,013,839		32,240,967
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	68,806,561	$	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 and Nine Months Ended May 31, 2026 and 2025

(Unaudited)


	Three Months Ended				Nine Months Ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
REVENUES:
Revenues	$	18,718,144	$	17,727,871	$	55,504,334	$	52,076,717
OPERATING EXPENSES:
Cost of services	12,583,809		11,901,221		37,713,520		35,452,250
Sales and marketing	1,811,028		1,762,499		5,434,862		5,250,389
General and administrative costs	1,148,009		1,081,369		3,505,868		3,198,105
Business optimization costs	—		—		307,541		—
Total operating expenses	15,542,846		14,745,089		46,961,791		43,900,744
OPERATING INCOME	3,175,298		2,982,782		8,542,543		8,175,973
Interest income	75,069		78,987		259,828		231,127
Interest expense	(70,645)		(67,601)		(199,576)		(162,312)
Other income (expense), net	(29,894)		(43,029)		(28,643)		(49,630)

INCOME BEFORE INCOME TAXES	3,149,828		2,951,139		8,574,152		8,195,158
Income tax expense	761,935		707,176		2,084,975		1,812,564
NET INCOME	2,387,893		2,243,963		6,489,177		6,382,594
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.	(2,203)		(2,059)		(6,000)		(5,914)
Net income attributable to noncontrolling interests – other	(46,701)		(44,403)		(107,388)		(112,210)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	2,338,989	$	2,197,501	$	6,375,789	$	6,264,470
Weighted average Class A ordinary shares:
Basic	612,213,453		624,343,707		616,153,379		625,606,104
Diluted	615,593,409		630,457,461		621,337,104		633,104,104
Earnings per Class A ordinary share:
Basic	$	3.82	$	3.52	$	10.35	$	10.01
Diluted	$	3.80	$	3.49	$	10.27	$	9.90

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 and Nine Months Ended May 31, 2026 and 2025

(Unaudited)


	Three Months Ended				Nine Months Ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
NET INCOME	$	2,387,893	$	2,243,963	$	6,489,177	$	6,382,594
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	(178,475)		738,522		(12,741)		96,636
Defined benefit plans	4,046		3,545		23,911		(8,794)
Cash flow hedges	(225,381)		80,774		(346,087)		(18,689)

OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	(399,810)		822,841		(334,917)		69,153
Other comprehensive income (loss) attributable to noncontrolling interests	(1,771)		14,787		1,700		1,991
COMPREHENSIVE INCOME	$	1,986,312	$	3,081,591	$	6,155,960	$	6,453,738

COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,939,179	$	3,020,342	$	6,040,872	$	6,333,623
Comprehensive income attributable to noncontrolling interests	47,133		61,249		115,088		120,115
COMPREHENSIVE INCOME	$	1,986,312	$	3,081,591	$	6,155,960	$	6,453,738

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 May 31, 2026

(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 February 28, 2026	$	57	40	$	15	665,095	$	—	301	$	2,098,413	$	18,683,496	$	(10,974,844)	(50,294)	$	22,804,025	$	(1,400,486)	$	31,210,676	$	1,088,516	$	32,299,192
Net income																	2,338,989				2,338,989		41,573		2,380,562
Other comprehensive income (loss)																			(399,810)		(399,810)		(1,771)		(401,581)
Purchases of Class A shares												828		(1,183,463)		(5,951)					(1,182,635)		(828)		(1,183,463)

Share-based compensation expense										405,990		56,150									462,140				462,140
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									—			(162)									(162)				(162)
Issuances of Class A shares for employee share programs						2,371				(63,664)		398,733		211,510		601	(94,746)				451,833		289		452,122
Dividends										27,884							(1,022,276)				(994,392)		(941)		(995,333)
Other, net												3,927									3,927		(3,565)		362
Balance as of May 31, 2026	$	57	40	$	15	667,466	$	—	301	$	2,468,623	$	19,142,972	$	(11,946,797)	(55,644)	$	24,025,992	$	(1,800,296)	$	31,890,566	$	1,123,273	$	33,013,839

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 May 31, 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 February 28, 2025	$	57	40	$	15	678,351	$	—	303	$	1,983,239	$	16,685,363	$	(12,324,187)	(51,947)	$	25,209,996	$	(2,308,430)	$	29,246,053	$	935,895	$	30,181,948
Net income																	2,197,501				2,197,501		46,462		2,243,963
Other comprehensive income (loss)																			822,841		822,841		14,787		837,628
Purchases of Class A shares												1,417		(1,799,375)		(5,951)					(1,797,958)		(1,417)		(1,799,375)

Share-based compensation expense										435,217		62,575									497,792				497,792
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares												(152)									(152)				(152)
Issuances of Class A shares for employee share programs						1,811				(83,687)		465,404		127,880		442					509,597		392		509,989
Dividends										34,241							(957,269)				(923,028)		(866)		(923,894)
Other, net												2,079									2,079		(464)		1,615
Balance as of May 31, 2025	$	57	40	$	15	680,162	$	—	303	$	2,369,010	$	17,216,686	$	(13,995,682)	(57,456)	$	26,450,228	$	(1,485,589)	$	30,554,725	$	994,789	$	31,549,514

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						8

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 2026

(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																	6,375,789				6,375,789		106,046		6,481,835
Other comprehensive income (loss)																			(334,917)		(334,917)		1,700		(333,217)
Purchases of Class A shares												3,812		(5,191,491)		(22,268)					(5,187,679)		(3,812)		(5,191,491)

Share-based compensation expense										1,533,690		110,828									1,644,518				1,644,518
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(1)			(1,786)									(1,786)				(1,786)
Issuances of Class A shares for employee share programs				1		9,501				(1,940,557)		2,424,506		996,667		2,773	(273,684)				1,206,933		844		1,207,777
Dividends										84,838							(3,094,844)				(3,010,006)		(2,839)		(3,012,845)
Other, net												2,268									2,268		(24,187)		(21,919)
Balance as of May 31, 2026	$	57	40	$	15	667,466	$	—	301	$	2,468,623	$	19,142,972	$	(11,946,797)	(55,644)	$	24,025,992	$	(1,800,296)	$	31,890,566	$	1,123,273	$	33,013,839

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						9

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 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, 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																	6,264,470				6,264,470		118,124		6,382,594
Other comprehensive income (loss)																			69,153		69,153		1,991		71,144
Purchases of Class A shares												3,340		(4,141,212)		(12,479)					(4,137,872)		(3,340)		(4,141,212)

Share-based compensation expense										1,535,028		119,303									1,654,331				1,654,331
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(5)			(4,397)									(4,397)				(4,397)
Issuances of Class A shares for employee share programs						7,677				(1,885,849)		2,388,066		710,102		2,268	(15,625)				1,196,694		949		1,197,643
Dividends										105,223							(2,881,040)				(2,775,817)		(2,627)		(2,778,444)
Other, net												(483)									(483)		90		(393)
Balance as of May 31, 2025	$	57	40	$	15	680,162	$	—	303	$	2,369,010	$	17,216,686	$	(13,995,682)	(57,456)	$	26,450,228	$	(1,485,589)	$	30,554,725	$	994,789	$	31,549,514

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						10

Consolidated Cash Flows Statements

For the Nine Months Ended May 31, 2026 and 2025

(Unaudited)


	May 31, 2026		May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	6,489,177	$	6,382,594
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other	1,751,870		1,682,662
Share-based compensation expense	1,644,518		1,654,331


Deferred tax expense (benefit)	247,266		281,808
Other, net	(72,342)		(118,070)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current	(1,079,892)		(1,229,325)
Other current and non-current assets	(658,785)		(1,098,489)
Accounts payable	445,047		(103,618)
Deferred revenues, current and non-current	919,741		699,455
Accrued payroll and related benefits	647,825		(138,087)
Income taxes payable, current and non-current	(258,427)		(219,572)
Other current and non-current liabilities	(808,051)		(233,437)
Net cash provided by (used in) operating activities	9,267,947		7,560,252
CASH FLOWS FROM INVESTING ACTIVITIES:


Purchases of property and equipment	(492,491)		(492,124)
Purchases of businesses and investments, net of cash acquired	(3,004,003)		(789,495)
Proceeds from the sale of businesses and investments, net of cash transferred	36,654		22,748

Other investing, net	7,535		10,511
Net cash provided by (used in) investing activities	(3,452,305)		(1,248,360)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	1,207,777		1,197,643
Purchases of shares	(5,193,277)		(4,145,609)
Proceeds from debt	—		5,061,085
Repayments of debt	—		(931,885)
Cash dividends paid	(3,012,845)		(2,778,444)
Other financing, net	(92,215)		(76,050)
Net cash provided by (used in) financing activities	(7,090,560)		(1,673,260)
Effect of exchange rate changes on cash and cash equivalents	(38,566)		(11,494)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,313,484)		4,627,138
CASH AND CASH EQUIVALENTS, beginning of period	11,478,729		5,004,469
CASH AND CASH EQUIVALENTS, end of period	$	10,165,245	$	9,631,607
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	240,436	$	145,790
Income taxes paid, net	$	2,003,545	$	1,793,863

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						11

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 and nine months ended May 31, 2026 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 May 31, 2026 and August 31, 2025, the total allowance for credit losses recorded for client receivables and contract assets was $46,438 and $32,247, respectively. The change in the allowance is primarily due to changes in specific client reserves, gross client receivables and contract assets and immaterial write-offs.

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:


	May 31, 2026		August 31, 2025
Equity method investments	$	356,422	$	355,276
Investments without readily determinable fair values	568,902		365,984
Total non-current investments	$	925,324	$	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.

Redeemable Noncontrolling Interests

Our redeemable noncontrolling interests relate to options to sell and/or buy remaining interests in certain acquired entities at fair value over a specified time period. Redeemable noncontrolling interests are presented separately in the Consolidated Balance Sheets at redemption value, with adjustments recorded to Retained earnings. The related share of income or loss is reported as Net income attributable to non-controlling interests – other in the Consolidated Income Statements.

As of May 31, 2026 and February 28, 2026, redeemable noncontrolling interests were $493,874 and $475,823, respectively. The increase was primarily driven by changes to the preliminary opening balance sheet and net income attributable to noncontrolling interests. We did not hold redeemable noncontrolling interests as of August 31, 2025.


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

Depreciation and Amortization

As of May 31, 2026 and August 31, 2025, total accumulated depreciation was $3,136,005 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 and nine months ended May 31, 2026 and 2025, respectively.


	Three Months Ended				Nine Months Ended
	May 31, 2026		May 31, 2025			May 31, 2026		May 31, 2025
Depreciation	$	143,592	$	138,806		$	429,861	$	405,714
Amortization—Deferred transition	82,902		92,563			242,925		257,018
Amortization—Intangible assets	164,352		153,199			488,553		465,575
Operating lease cost	192,080		178,660			585,821		539,055
Other	1,653		5,224			4,710		15,300
Total depreciation, amortization and other	$	584,579	$	568,452		$	1,751,870	$	1,682,662

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 we plan to adopt the standard on a prospective basis. 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.

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 $38 billion and $34 billion as of May 31, 2026 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


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

performance obligations. We expect to recognize approximately 33% of our remaining performance obligations as of May 31, 2026 as revenue in fiscal 2026, an additional 35% 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 and nine months ended May 31, 2026 and 2025, respectively.

Contract Balances

The timing of revenue recognition, billings and cash collections results in Receivables, Contract assets, and Contract liabilities (Deferred revenues) on our Consolidated Balance Sheet. Our receivables are rights to consideration that are conditional only upon the passage of time as compared to our contract assets, which are rights to consideration conditional upon additional factors. When we bill or receive payments from our clients before revenue is recognized, we record Contract liabilities (Deferred revenues). Deferred revenues also include payments for transition or set-up activities on managed services contracts, which are deferred and recognized as revenue as the services are provided. Deferred transition revenues were $669,347 and $642,361 as of May 31, 2026 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 $1,136,760 and $1,025,391 as of May 31, 2026 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):


	May 31, 2026		August 31, 2025
Receivables	$	13,992,742	$	13,065,433
Contract assets (current)	2,043,221		1,919,640
Receivables and contract assets, net of allowance (current)	16,035,963		14,985,073
Contract assets (non-current)	333,577		180,362
Deferred revenues (current)	6,529,286		6,073,170
Deferred revenues (non-current)	1,038,253		642,361

Changes in the contract asset and liability balances during the nine months ended May 31, 2026 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three and nine months ended May 31, 2026 that were included in Deferred revenues as of February 28, 2026 and August 31, 2025 were $3.3 billion and $4.9 billion, respectively. Revenues recognized during the three and nine months ended May 31, 2025 that were included in Deferred revenues as of February 28, 2025 and August 31, 2024 were $2.8 billion and $4.1 billion, respectively.


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

3. Earnings Per Share

Basic and diluted earnings per share are calculated as follows:


	Three Months Ended				Nine Months Ended
	May 31, 2026		May 31, 2025			May 31, 2026		May 31, 2025
Basic earnings per share
Net income attributable to Accenture plc	$	2,338,989	$	2,197,501		$	6,375,789	$	6,264,470
Basic weighted average Class A ordinary shares	612,213,453		624,343,707			616,153,379		625,606,104
Basic earnings per share	$	3.82	$	3.52		$	10.35	$	10.01
Diluted earnings per share
Net income attributable to Accenture plc	$	2,338,989	$	2,197,501		$	6,375,789	$	6,264,470
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	2,203		2,059			6,000		5,914
Net income for diluted earnings per share calculation	$	2,341,192	$	2,199,560		$	6,381,789	$	6,270,384
Basic weighted average Class A ordinary shares	612,213,453		624,343,707			616,153,379		625,606,104
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	577,325		584,814			580,006		590,448
Diluted effect of employee compensation related to Class A ordinary shares	2,715,481		5,478,522			4,429,335		6,757,018
Diluted effect of share purchase plans related to Class A ordinary shares	87,150		50,418			174,384		150,534
Diluted weighted average Class A ordinary shares (2)	615,593,409		630,457,461			621,337,104		633,104,104
Diluted earnings per share	$	3.80	$	3.49		$	10.27	$	9.90

(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						15

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				Nine Months Ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Foreign currency translation
Beginning balance	$	(894,328)	$	(1,937,629)	$	(1,060,062)	$	(1,295,743)
Foreign currency translation	(185,855)		758,598		(21,817)		98,485
Income tax benefit (expense)	5,614		(5,368)		10,875		168
Portion attributable to noncontrolling interests	1,766		(14,708)		(1,799)		(2,017)
Foreign currency translation, net of tax	(178,475)		738,522		(12,741)		96,636
Ending balance	(1,072,803)		(1,199,107)		(1,072,803)		(1,199,107)

Defined benefit plans
Beginning balance	(176,075)		(266,511)		(195,940)		(254,172)
Actuarial gains (losses)	—		—		109,527		—

Prior service costs arising during the period	—		—		(102,407)		—
Reclassifications into net periodic pension and post-retirement expense	6,006		4,650		16,857		(8,775)
Income tax benefit (expense)	(1,752)		(1,101)		161		(27)
Portion attributable to noncontrolling interests	(208)		(4)		(227)		8
Defined benefit plans, net of tax	4,046		3,545		23,911		(8,794)
Ending balance	(172,029)		(262,966)		(172,029)		(262,966)

Cash flow hedges
Beginning balance	(330,083)		(104,290)		(209,377)		(4,827)
Unrealized gain (loss)	(373,867)		76,998		(609,221)		(22,024)
Reclassification adjustments into Cost of services	106,192		1,893		193,679		(3,754)
Income tax benefit (expense)	42,081		1,958		69,129		7,071
Portion attributable to noncontrolling interests	213		(75)		326		18
Cash flow hedges, net of tax	(225,381)		80,774		(346,087)		(18,689)
Ending balance (1)	(555,464)		(23,516)		(555,464)		(23,516)










Accumulated other comprehensive loss	$	(1,800,296)	$	(1,485,589)	$	(1,800,296)	$	(1,485,589)

(1)As of May 31, 2026, $362,320 of net unrealized losses related to derivatives designated as cash flow hedges are 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						16

5. Business Combinations

During the nine months ended May 31, 2026, we completed individually immaterial acquisitions for total consideration of $2,815,388, 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		May 31, 2026
Americas	$	12,414,698	$	1,349,701	$	16,644	$	13,781,043
EMEA	8,036,627		876,105		(5,757)		8,906,975
Asia Pacific	2,085,091		599,858		(50,167)		2,634,782
Total	$	22,536,416	$	2,825,664	$	(39,280)	$	25,322,800

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

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


	May 31, 2026						August 31, 2025
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	3,971,508	$	(1,716,458)	$	2,255,050	$	3,735,706	$	(1,572,270)	$	2,163,436
Technology	288,471		(161,415)		127,056		294,292		(173,864)		120,428
Patents	108,238		(72,013)		36,225		114,739		(72,430)		42,309
Other	129,546		(48,885)		80,661		125,255		(40,673)		84,582
Total	$	4,497,763	$	(1,998,771)	$	2,498,992	$	4,269,992	$	(1,859,237)	$	2,410,755

Total amortization related to our intangible assets was $164,352 and $488,553 for the three and nine months ended May 31, 2026, respectively. Total amortization related to our intangible assets was $153,199 and $465,575 for the three and nine months ended May 31, 2025, respectively. Estimated future amortization related to intangible assets held as of May 31, 2026 is as follows:


Fiscal Year	Estimated Amortization
Remainder of 2026	$	167,747
2027	555,328
2028	516,056
2029	420,937
2030	324,232
Thereafter	514,692
Total	$	2,498,992


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

7. Shareholders’ Equity

Dividends

Our dividend activity during the nine months ended May 31, 2026 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
February 13, 2026	1.63			January 13, 2026		1,006,750			January 12, 2026		946		1,007,696
May 15, 2026	1.63			April 9, 2026		994,392			April 8, 2026		941		995,333
Total Dividends						$	3,010,006				$	2,839	$	3,012,845

The payment of cash dividends includes the net effect of $84,838 of additional restricted stock units being issued as a part of our share plans, which resulted in 429,186 restricted share units being issued.

Subsequent Event

On June 17, 2026, 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 July 9, 2026 payable on August 14, 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						18

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 and nine months ended May 31, 2026 and 2025, 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 $58,198 and $95,646 for the three and nine months ended May 31, 2026, respectively, and net losses of $44,798 and $61,496 for the three and nine months ended May 31, 2025, 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:


	May 31, 2026		August 31, 2025
Assets
Cash Flow Hedges
Other current assets	$	3,511	$	13,208
Other non-current assets	4,418		5,506
Other Derivatives
Other current assets	32,790		18,133
Total assets	$	40,719	$	36,847
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	365,831	$	128,285
Other non-current liabilities	292,620		126,793
Other Derivatives
Other accrued liabilities	25,608		26,311
Total liabilities	$	684,059	$	281,389
Total fair value	$	(643,340)	$	(244,542)
Total notional value	$	16,943,808	$	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:


	May 31, 2026		August 31, 2025
Net derivative assets	$	22,909	$	767
Net derivative liabilities	666,249		245,309
Total fair value	$	(643,340)	$	(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						19

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 May 31, 2026 and August 31, 2025, respectively:


	May 31, 2026		August 31, 2025
Current portion of long-term debt and bank borrowings
Commercial paper (1)	$	99,412	$	99,963
Other (2)	13,404		14,521
Total current portion of long-term debt and bank borrowings	$	112,816	$	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	(27,513)		(32,774)
Total carrying amount	$	4,972,487	$	4,967,226
Other (2)	56,962		66,943
Total long-term debt	$	5,029,449	$	5,034,169

(1)The carrying amounts of the commercial paper as of May 31, 2026 and August 31, 2025 include the remaining principal outstanding of $100,000 and $100,000, respectively, net of total unamortized discounts of $588 and $37, respectively. The weighted-average effective interest rate for the commercial paper was 3.8% and 4.5% as of May 31, 2026 and August 31, 2025, respectively.

(2)Amounts primarily include finance lease liabilities.

(3)The total estimated fair value of our senior notes was $4.9 billion as of May 31, 2026. The fair value was determined based on quoted prices as of the last trading day of the third quarter of fiscal 2026 and is classified as Level 2 within the fair value hierarchy.

As of May 31, 2026, 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						20

As of May 31, 2026, we had the following borrowing facilities:


	Credit Facilities
Syndicated loan facilities (1)	$	8,100,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	2,165,593
Local guaranteed and non-guaranteed lines of credit (3)	309,476
Total	$	10,575,069

(1)On April 22, 2026, we replaced our $5.5 billion syndicated 5-year credit facility with a new $5.925 billion syndicated 5-year credit facility and a new $2.175 billion syndicated 364-day credit facility, maturing on April 22, 2031 and April 21, 2027, respectively, aggregating to $8.1 billion. These facilities provide unsecured, revolving borrowing capacity for general corporate purposes, including the issuance of short-term commercial paper. The 5-year credit facility also provides for the issuance of letters of credit. Borrowings under these facilities will accrue interest at the applicable risk-free rate plus a spread. We are in compliance with relevant covenant terms. The facilities are subject to quarterly facility 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 May 31, 2026 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 May 31, 2026 and August 31, 2025, we had no borrowings under these various facilities.

We had an aggregate of $1,382,396 and $1,373,620 of letters of credit outstanding and $100,000 and $100,000 (excluding unamortized discounts) of commercial paper outstanding as of May 31, 2026 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 May 31, 2026 and 2025 were 24.2% and 24.0%, respectively. Our effective tax rates for the nine months ended May 31, 2026 and 2025 were 24.3% and 22.1%, respectively. The higher effective tax rate for the nine months ended May 31, 2026 was primarily due to reduced tax benefits from share-based payments and 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						21

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 May 31, 2026 and August 31, 2025, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $2,252,000 and $2,225,000, respectively, of which all but approximately $42,000 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 May 31, 2026 and August 31, 2025, we have issued or provided guarantees in the form of letters of credit and surety bonds of $2,110,687 ($1,901,770 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 May 31, 2026, 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						22

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 May 31, 2026	Americas		EMEA		Asia Pacific		Total
Revenues	$	9,137,772	$	6,873,448	$	2,706,924	$	18,718,144
Less:
Payroll costs	5,629,691		4,536,068		1,668,328		11,834,087
Non-payroll costs including subcontractor costs (1)	1,616,931		1,191,989		508,993		3,317,913
Depreciation and amortization (2)	183,052		151,385		56,409		390,846

Operating income (4)	1,708,098		994,006		473,194		3,175,298
Net assets as of May 31, 2026 (5)	6,398,459		3,605,463		(65,161)		9,938,761
Property & equipment, net as of May 31, 2026	561,318		510,831		547,832		1,619,981

Three Months Ended May 31, 2025
Revenues	$	8,966,131	$	6,231,849	$	2,529,891	$	17,727,871
Less:
Payroll costs	5,564,340		4,368,653		1,558,890		11,491,883
Non-payroll costs including subcontractor costs (1)	1,474,113		968,311		418,122		2,860,546
Depreciation and amortization (2)	208,048		141,792		42,820		392,660

Operating income (4)	1,719,630		753,093		510,059		2,982,782
Net assets as of May 31, 2025 (5)	5,974,197		3,500,643		88,520		9,563,360
Property & equipment, net as of May 31, 2025	614,590		519,871		476,637		1,611,098


Nine Months Ended May 31, 2026	Americas		EMEA		Asia Pacific		Total
Revenues	$	27,114,233	$	20,378,072	$	8,012,029	$	55,504,334
Less:
Payroll costs	17,278,889		13,769,522		4,969,132		36,017,543
Non-payroll costs including subcontractor costs (1)	4,588,794		3,419,780		1,471,821		9,480,395
Depreciation and amortization (2)	551,309		447,715		157,288		1,156,312
Business optimization costs (3)	66,749		169,811		70,981		307,541
Operating income (4)	4,628,492		2,571,244		1,342,807		8,542,543
Net assets as of May 31, 2026 (5)	6,398,459		3,605,463		(65,161)		9,938,761
Property & equipment, net as of May 31, 2026	561,318		510,831		547,832		1,619,981

Nine Months Ended May 31, 2025
Revenues	$	26,252,324	$	18,447,676	$	7,376,717	$	52,076,717
Less:
Payroll costs	16,872,155		12,649,248		4,604,591		34,125,994
Non-payroll costs including subcontractor costs (1)	4,430,268		2,956,569		1,235,530		8,622,367
Depreciation and amortization (2)	612,594		413,554		126,235		1,152,383

Operating income (4)	4,337,307		2,428,305		1,410,361		8,175,973
Net assets as of May 31, 2025 (5)	5,974,197		3,500,643		88,520		9,563,360
Property & equipment, net as of May 31, 2025	614,590		519,871		476,637		1,611,098

(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. We recorded a total of $923 million under the program, including $628 million of employee severance and $295 million primarily related to the divestiture of two acquisitions in the Americas.

(4)We do not allocate items below operating income to our segments. To reconcile total segment operating income to our consolidated income before income taxes, refer to the Interest income, Interest expense and Other income (expense), net line items on our Consolidated Income 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						23

(5)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				Nine Months Ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Industry Groups
Communications, Media & Technology	$	3,217,835	$	2,912,485	$	9,411,131	$	8,500,025
Financial Services	3,488,749		3,278,891		10,486,137		9,458,156
Health & Public Service	3,845,053		3,777,684		11,312,089		11,199,205
Products	5,668,694		5,344,109		16,886,801		15,821,265
Resources	2,497,813		2,414,702		7,408,176		7,098,066

Total Revenues	$	18,718,144	$	17,727,871	$	55,504,334	$	52,076,717
Type of Work
Consulting	$	9,328,494	$	9,007,033	$	27,602,702	$	26,334,521
Managed Services	9,389,650		8,720,838		27,901,632		25,742,196
Total Revenues	$	18,718,144	$	17,727,871	$	55,504,334	$	52,076,717


Table of Contents
ACCENTURE FORM 10-Q						Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			24

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