FINANCIAL
For detailed information on Accenture’s fiscal year 2025 performance, please visit our investor relations website for earnings reports and our earnings presentation.
Our fiscal 2025 financial results
Highlights for the 12 months ended August 31, 2025
Revenues
$69.7B
A 7% increase in both local currency* and U.S. dollars, with nearly $5 billion in incremental revenue added in fiscal 2025
New Bookings
$80.6B
A 1% decrease in both local currency and U.S. dollars, with a book-to-bill of 1.2. We also delivered a record 129 quarterly client bookings of more than $100 million
Operating Margin (Adjusted)
15.6%
An increase of 10 basis points, after adjusting FY25 GAAP operating margin of 14.7% and FY24 GAAP operating margin of 14.8% to exclude the impact of business optimization costs of 90 bps and 70 bps, respectively. On a GAAP basis, FY25 operating margin decreased 10 bps
Earnings per Share (Adjusted)
$12.93
An 8% increase, after adjusting FY25 GAAP EPS of $12.15 and FY24 GAAP EPS of $11.44 to exclude the impact of business optimization costs of $0.78 and $0.51 per share, respectively. On a GAAP basis, FY25 EPS increased 6%
Free Cash Flow
$10.9B
Defined as operating cash flow of $11.5 billion net of property and equipment additions of $600 million, with a very strong free cash flow to net income ratio of 1.4
Cash Returned to Shareholders
$8.3B
A 7% increase, with share repurchases of $4.6 billion plus cash dividends of $3.7 billion
*Financial results “in local currency” are calculated by restating current-period activity into U.S. dollars using the comparable prior-year period’s foreign currency exchange rates.
Our strong fiscal 2025 results reflect our strategy to be the reinvention partner of choice for our clients and the most client-focused, AI-enabled great place to work.
In fiscal 2025, we delivered strong financial results and significantly elevated our competitive positioning, taking our next big steps to position us for growth in the age of AI.
We built on the rapid shift we made in our business by the end of fiscal 2024 to address challenging market conditions, and then took action to fully capitalize on the competitive advantages we have built over a long period of time to deliver these results.
These advantages include our ecosystem partnerships, our breadth of capabilities, our deep and trusted client relationships—we have partnered with 195 of our top 200 clients for 10 or more years—and our track-record of investing in new skills and rotating our business with successive technology revolutions.
We delivered new bookings of $80.6 billion in fiscal 2025, including a record 129 quarterly client bookings of more than $100 million.
We delivered broad-based revenue growth across all our markets, industries and types of work, with revenues of $69.7 billion, representing an increase of 7% in both local currency and USD over fiscal 2024 and adding nearly $5 billion in incremental revenue.
Technology is front and center for every client, and today we are the number-one partner for all of our top 10 ecosystem partners, who are among the world's largest technology companies. 60% of our revenue in fiscal 2025 was driven by work that we do with these partners, which grew 9% in fiscal 2025, outpacing our overall revenue growth in the year. These partners are looking for our help to turn their technology into business outcomes and to scale the adoption of AI.
Adjusted operating margin expanded by 10 basis points to 15.6% and adjusted earnings per share increased 8% to $12.93.*
Free cash flow totaled $10.9 billion in fiscal 2025, and we returned $8.3 billion to shareholders, an increase of 7% over fiscal 2024, through cash dividends and share repurchases.
We took market share at more than five times our investable basket of our closest global publicly traded competitors, which is how we calculate market share.
As the potential of AI unfolds, we are partnering with organizations at every stage of their AI journey—helping those just starting to become AI ready and accelerating its deployment, supporting others to unlock immediate value even if they are not fully ready across the enterprise, and enabling our clients already far along in their AI journey to lead transformative change.
We are positioned to capture this new area of spend for our clients as a result of our decision in fiscal 2023 to make a significant, multi-year investment in AI and become an early leader.
In fiscal 2025, we tripled our revenue over fiscal 2024 from generative AI and, increasingly, agentic AI to $2.7 billion. And we nearly doubled our generative AI bookings to $5.9 billion. (These numbers exclude data, classical AI or AI used in delivery of our services.)
In fiscal 2025, we continued significant investments in our business and people with $3.3 billion invested in acquisitions, research & development and learning & development.
We invested approximately $1.5 billion across 23 strategic acquisitions. Our disciplined acquisition strategy, which is an engine to fuel our organic growth, is focused on scaling our business in high-growth areas; adding skills and capabilities in new areas; and deepening our industry and functional expertise.
We invested $0.8 billion in research and development in our assets, platforms, and industry and functional solutions.
During the fiscal year, we also invested $1 billion in learning and development, with our people participating in approximately 47 million hours of training, representing an increase of 9% over last year, with an emphasis on generative AI.
Our enduring approach to shareholder value creation guides us as we seek to:
- Grow faster than the market and take share
- Deliver strong earnings growth with sustainable modest margin expansion while investing at scale
- Drive strong cash flow and deploy it through disciplined capital allocation, including returning significant cash to shareholders
Accenture's purpose—to deliver on the promise of technology and human ingenuity—underlies our commitment to delivering 360° value to all of our stakeholders.
*See above for reconciliations of these non-GAAP measures.