Executive Brief
- Accenture reported fiscal 2025 Q4 and full-year results on September 25, 2025, with revenues of $17.6B Q4 (+7% USD) and $69.7B FY (+7% USD), and strong bookings including $5.9B in generative AI for the year (Item 2.02, Exhibit 99).
- GAAP operating margin declined slightly (Q4: 11.6%, down 270 bps; FY: 14.7%, down 10 bps), but adjusted operating margin improved (Q4: 15.1%, +10 bps; FY: 15.6%, +10 bps) (Item 2.02, Exhibit 99).
- GAAP diluted EPS was $2.25 in Q4 (-15%) and $12.15 for FY (+6%), while adjusted EPS was $3.03 Q4 (+9%) and $12.93 FY (+8%) (Item 2.02, Exhibit 99).
- Free cash flow was $3.8B Q4 and $10.9B FY, reflecting strong liquidity (Item 2.02, Exhibit 99).
- Non-GAAP measures include free cash flow, local currency revenue/bookings growth, and adjusted results excluding business optimization costs; reconciliations to GAAP are provided (Item 2.02).
- CEO Julie Sweet highlighted 7% growth driven by AI-related client demand and digital transformation services (Exhibit 99).
- The news release is furnished but not filed; no other Items disclosed (Item 2.02, Item 9.01).
- No new material agreements, director/officer changes, or auditor updates reported.
- No risks, restatements, or delisting notices disclosed.
- Next steps: Fiscal 2026 business outlook mentioned but details not included in this filing.
Item-by-Item Analysis
Item 2.02 – Results of Operations and Financial Condition
- What happened: Accenture announced Q4 and full fiscal year 2025 financial results.
- Key facts:
- Q4 revenues: $17.6 billion, +7% in USD, +4.5% local currency.
- FY revenues: $69.7 billion, +7% USD and local currency.
- New bookings: $21.3 billion Q4; $80.6 billion FY.
- Generative AI bookings: $1.8 billion Q4; $5.9 billion FY.
- GAAP operating margin: 11.6% Q4 (down 270 bps), 14.7% FY (down 10 bps).
- Adjusted operating margin: 15.1% Q4 (+10 bps), 15.6% FY (+10 bps).
- GAAP diluted EPS: $2.25 Q4 (-15%), $12.15 FY (+6%).
- Adjusted EPS: $3.03 Q4 (+9%), $12.93 FY (+8%).
- Free cash flow: $3.8 billion Q4, $10.9 billion FY.
- Non-GAAP measures defined and reconciliations included.
- Management commentary: CEO Julie Sweet emphasized AI-driven growth and client reinvention.
- New information: Yes, this is current quarterly and annual financial disclosure.
- Source: (Item 2.02), (Exhibit 99, entire release).
Item 9.01 – Financial Statements and Exhibits
- Exhibits filed:
- 99: News release dated September 25, 2025, reporting fiscal 2025 results.
- 104: Inline XBRL cover page.
- Source: (Item 9.01), (Exhibit 99, Exhibit 104).
Exhibits Summary
- Exhibit 99: Press release with detailed financial metrics, CEO commentary, and definitions of non-GAAP measures.
- No agreements or decks attached.
Financial & Dilution Impact
- Revenue growth of 7% year-over-year.
- Adjusted EPS growth of 8% for fiscal 2025.
- Strong free cash flow generation: $10.9 billion for the year.
- No dilution or share issuance details disclosed.
- No debt or covenant changes mentioned.
Timeline & Required Actions
- Reporting date: September 25, 2025.
- Fiscal year ended August 31, 2025.
- No upcoming shareholder meetings or approvals disclosed.
- Fiscal 2026 outlook referenced but details not included.
Risks & Monitoring
- No new risk factors or material uncertainties disclosed.
- Monitor impact of AI investments and business optimization costs on margins.
- Currency fluctuations noted as a factor in revenue comparisons.
Metadata & Quality Checks
- No OCR or formatting issues detected.
- Non-GAAP reconciliations provided (Yes).
- Forward-looking statements present in CEO commentary and outlook mention (Yes).
- No related-party transactions or conflicts disclosed.
Final Checklist
- Items disclosed: 2.02, 9.01.
- Press release attached as Exhibit 99.
- No other Items or material agreements reported.
- Non-GAAP measures clearly defined and reconciled.
- Forward-looking statements included.
- No governance or compliance changes reported.