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Sentiment · FY2026 Q3
Accenture posted record bookings of $22.1 billion in Q2 with 41 clients exceeding $100 million, as revenue grew 4% in local currency at the top of the FX-adjusted guided range. Management raised full-year revenue guidance to 3-5% local currency growth and increased the acquisition deployment target from $3 billion to $5 billion, signaling confidence in scaling through inorganic expansion. EPS of $2.93 grew 4% year-over-year while broad-based deal momentum continued across industries.
Cloud & AI | Demand | Revenue Growth | Competitive Dynamics | Labor Market | Pricing | Margin | Regulation Policy | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 2 | 8 | 4 | 4 | 3 | 1 | 1 | 1 |
| 2025Q2 | 4 | 7 | 6 | 2 | 1 | 3 | 3 | 3 |
| 2025Q3 | 3 | 6 | 5 | 1 | 3 | 1 | 2 | 2 |
| 2025Q4 | 6 | 1 | 2 | 1 | 3 | 2 | 1 | 2 |
| 2026Q1 | 8 | 4 | 3 | 3 | 2 | 4 | 2 | 1 |
| 2026Q2 | 9 | 4 | 3 | 2 | 1 | 2 | 2 | 1 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 2 | 4 | 3 | 6 | 8 | 9 |
| Demand | 8 | 7 | 6 | 1 | 4 | 4 |
| Revenue Growth | 4 | 6 | 5 | 2 | 3 | 3 |
| Competitive Dynamics | 4 | 2 | 1 | 1 | 3 | 2 |
| Labor Market | 3 | 1 | 3 | 3 | 2 | 1 |
| Pricing | 1 | 3 | 1 | 2 | 4 | 2 |
| Margin | 1 | 3 | 2 | 1 | 2 | 2 |
| Regulation Policy | 1 | 3 | 2 | 2 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tien-Tsin Huang | JPMorgan | 14 (0%) |
| Dave Koning | Robert W. Baird | 13 (0%) |
| Bryan Bergin | TD Cowen |
| James Faucette | Morgan Stanley | 11 (0%) |
| Jason Kupferberg | Wells Fargo | 11 (0%) |
| Darrin Peller | Wolfe Research | 11 (0%) |
| Bryan Keane | Citigroup | 8 (13%) |
| Jim Schneider | Goldman Sachs | 6 (0%) |
| Kevin McVeigh | UBS | 5 (0%) |
| Keith Bachman | BMO Capital Markets | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 14 (0%) |
| Robert W. Baird | 1 | 13 (0%) |
| TD Cowen | 1 | 12 (8%) |
| Wolfe Research | 1 | 11 (0%) |
| Morgan Stanley | 1 | 11 (0%) |
| Wells Fargo | 1 | 11 (0%) |
| Citigroup | 1 | 8 (13%) |
| Goldman Sachs | 1 | 6 (0%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $16.41B | +2.6% | $2.66 | +23.7% | 14.3% | 10.3% | $3.18B |
| FY2025 Q1 | $17.69B | +9.0% | $3.59 | +15.8% | 16.7% | 12.9% | $870M |
| FY2025 Q2 | $16.66B | +5.4% | $2.82 | +7.2% | 13.5% | 10.7% | $2.68B |
| FY2025 Q3 | $17.73B | +7.7% | $3.49 | +14.8% | 16.8% | 12.4% | $3.52B |
| FY2025 Q4 | $17.60B | +7.3% | $2.25 | -15.4% | 11.6% | 8.0% | $3.81B |
| FY2026 Q1 | $18.74B | +6.0% | $3.54 | -1.4% | 16.8% | 11.8% | $1.51B |
| FY2026 Q2 | $18.04B | +8.3% | $2.93 | +3.9% | 13.8% | 10.3% | $3.67B |
| FY2026 Q3 | $18.72B | +5.6% | $3.80 | +8.9% | 17.0% | 12.5% | $3.60B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What ACN and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Accenture is a great example. They're reinventing HR and recruiting at scale, using our AI solutions to elevate the employee and candidate experience, while driving improvements in productivity, speed and agility.”
Accenture is both a large Workday AI customer and a design partner, signaling aggressive internal adoption of agentic HR tools.
“Accenture now has over 740,000 seats, our largest Copilot win to date.”
Accenture is Microsoft's largest M365 Copilot deployment, signaling heavy internal AI-tool adoption at Accenture.
“they've been partnered deeply with many system integrators, think the likes of Accenture, and we also have relationships with others”
ADP names Accenture as a system-integrator partner it can go to market with, particularly for global payroll/time deployments via Workforce Software.
“we had established enterprise business services selecting Accenture and elected to modernize our direct-to-consumer omnichannel experience with Shopify.”
Estée Lauder selected Accenture to run its enterprise business services and consolidate vendors, a multi-function services win for Accenture.
“Piraeus Bank S.A., a major bank in Greece, partnered with us to set up a central AI hub to be their primary execution arm”
Greek bank Piraeus engaged Accenture to stand up a central AI hub as its primary AI execution arm, with an option to transfer in-house later.
“Radisson Hotel Group, a global hospitality company, is a clear example of marketing and commerce reinvention.”
Radisson is an Accenture client; Accenture modernized its data foundation and deployed Agentic AI commerce, helping triple Radisson's direct-booking share.
“We acquired Orlade Group, a French capital projects firm, which expands our presence in the energy, utilities, rail and aerospace sectors”
Accenture acquired French capital-projects firm Orlade Group to expand in energy, utilities, rail and aerospace, including energy infrastructure for AI.
“We acquired a 65% stake in DLB Associates, a data center engineering and consulting firm with high double-digit growth.”
Accenture took a 65% stake in data-center engineering firm DLB Associates, targeting AI-driven data-center infrastructure demand.
“We also acquired CyberCX, a leader in cybersecurity in Australia”
Accenture acquired Australian cybersecurity leader CyberCX as part of its AI-enablers investment theme.
“we announced the acquisition of Ookla, a global leader in network intelligence, competitive benchmarking and customer experience analytics.”
Accenture is acquiring Ookla (430 employees, $231M CY2025 revenue, 8% growth) for its network dataset and subscription/licensing model, accretive to margins.
“we closed the acquisition of Faculty, a leading U.K.-based AI native services company with the decision intelligence product business”
Accenture acquired UK-based AI firm Faculty for its decision-intelligence product, expanding into non-FTE AI revenue.
“how we are partnering with the Estée Lauder Companies, a global prestige beauty company, to advance its new one operating ecosystem”
Estée Lauder is an Accenture client, engaging Accenture to build a new operating ecosystem and apply AI/automation across its end-to-end value chain.
“with SAP, Palantir and Accenture on stage saying we're going to develop those products. They're really not developed yet at scale in any way, but we're working together”
Accenture is the #1 partner to major ERP ecosystems including SAP and is jointly developing new products with SAP and Palantir; addresses concerns that AI-accelerated SAP migrations shrink SI work.
“we were at AIPCon Palantir's conference with SAP, Palantir and Accenture on stage saying we're going to develop those products.”
Accenture names Palantir an emerging ecosystem partner, acquiring capability to accelerate Palantir-based work and appearing jointly with Palantir and SAP to co-develop products.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ACN Accenture | 8 | +8.3% | |
| BR Broadridge Financial Solutions | 8 | +7.8% | |
| CDW CDW | 8 | +9.3% | |
| CTSH Cognizant | 8 | +5.8% | |
| EPAM EPAM Systems | 8 | +7.6% | |
| FIS Fidelity National Information Services | 7 | +30.1% | |
| FISV Fiserv, Inc. | 3 | -2.0% | |
| IBM International Business Machines Corporation | 8 | +9.5% | |
| IT Gartner | 8 | +2.0% | |
| JKHY Jack Henry & Associates | 8 | +8.7% | |
| LDOS Leidos | 7 | +3.6% |