olivLaw · US equity research
Accenture plc ACN
Services-Business Services, NEC · SIC 7389 · Vertical: Services-Business Services, NEC (SIC 7389)
Accenture plc (ACN) is a business reinvention and technology company with revenues of 74.2 billion USD in fiscal 2026, up 6% in U.S. dollars and 5% in local currency. GAAP operating margin was 15.4%. For fiscal 2027 the company expects revenue growth of 3% to 6% in local currency.
At the close of 03 Nov 2026, Accenture plc (ACN) stock was 254.56 USD (−2.45% on the day), with market capitalisation 162.2 bn USD, P/E 18.8 on diluted EPS of 13.56 USD over the last 12 months, dividend yield 2.50%, beta 0.57, 52-week range 124.44–288.54 USD. Latest reported quarter (Q4 2026): revenue of 18.7 bn USD (+6.2% YoY), net income of 2.0 bn USD (+40.8% YoY), diluted EPS 3.29 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 65.9
- strong (55–70)
- Bollinger (20, 2)
- 196.69 – 271.63
- in the upper half of the band · %B 0.77 · band width 32.0%
- SMA 50 / 200
- 205.63 / 191.09
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 15.71 / 14.88
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +28.0% | −2.0% | +30.0 pp | — |
| 3 months | +49.4% | −2.2% | +51.5 pp | — |
| 6 months | +42.2% | +4.3% | +37.9 pp | — |
| Year to date | −5.1% | +10.6% | −15.7 pp | — |
| 1 year | +2.5% | +10.5% | −8.0 pp | +13.5% |
| 3 years | −18.8% | +73.7% | −92.5 pp | +18.1% |
| 5 years | −30.6% | +61.7% | −92.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 31 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.7 bn | 16.7 bn | 17.7 bn | 17.6 bn | 18.7 bn | 18.0 bn | 18.7 bn | 18.7 bn |
| Cost of revenue | 11.9 bn | 11.7 bn | 11.9 bn | 12.0 bn | 12.5 bn | 12.6 bn | 12.6 bn | 12.7 bn |
| Operating income | 2.9 bn | 2.2 bn | 3.0 bn | 2.0 bn | 2.9 bn | 2.5 bn | 3.2 bn | 2.9 bn |
| Interest expense | 30.0 m | 64.7 m | 67.6 m | 66.2 m | 65.4 m | 63.6 m | 70.6 m | 103.8 m |
| Pre-tax income | 3.0 bn | 2.3 bn | 3.0 bn | 2.1 bn | 3.0 bn | 2.5 bn | 3.1 bn | 2.8 bn |
| Income tax | 639.1 m | 466.3 m | 707.2 m | 625.4 m | 725.8 m | 597.3 m | 761.9 m | 764.4 m |
| Net income | 2.3 bn | 1.8 bn | 2.2 bn | 1.4 bn | 2.2 bn | 1.8 bn | 2.3 bn | 2.0 bn |
| Diluted EPS | 3.59 | 2.82 | 3.49 | 2.25 | 3.54 | 2.93 | 3.80 | 3.29 |
| Operating cash flow | 1.0 bn | 2.9 bn ≈ | 3.7 bn ≈ | 3.9 bn | 1.7 bn | 3.8 bn ≈ | 3.8 bn ≈ | 3.1 bn |
| Capex | 152.2 m | 170.8 m ≈ | 169.1 m ≈ | 107.9 m | 156.6 m | 149.7 m ≈ | 186.2 m ≈ | 250.3 m |
| Dividends paid | 925.6 m | 929.0 m | 923.9 m | 921.7 m | 1.0 bn | 1.0 bn | 995.3 m | 974.5 m |
| Share repurchases | 898.3 m | 1.4 bn ≈ | 1.8 bn ≈ | 473.9 m | 2.3 bn | 1.7 bn ≈ | 1.2 bn ≈ | 2.3 bn |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 14 percentile of its own 44-quarter history (min 14.0, median 26.3, max 37.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.2 bn | 44.3 bn | 50.5 bn | 61.6 bn | 64.1 bn | 64.9 bn | 69.7 bn | 74.2 bn |
| Revenue YoY | +5.4% | +2.6% | +14.0% | +21.9% | +4.1% | +1.2% | +7.4% | +6.5% |
| Net income | 4.8 bn | 5.1 bn | 5.9 bn | 6.9 bn | 6.9 bn | 7.3 bn | 7.7 bn | 8.4 bn |
| Net income YoY | +17.7% | +6.9% | +15.6% | +16.4% | −0.1% | +5.7% | +5.7% | +9.0% |
| Diluted EPS | 7.36 | 7.89 | 9.16 | 10.71 | 10.77 | 11.44 | 12.15 | 13.56 |
| Diluted EPS YoY | +16.1% | +7.2% | +16.1% | +16.9% | +0.6% | +6.2% | +6.2% | +11.6% |
| net % | 11.1% | 11.5% | 11.7% | 11.2% | 10.7% | 11.2% | 11.0% | 11.3% |
| Free cash flow | 6.0 bn | 7.6 bn | 8.4 bn | 8.8 bn | 9.0 bn | 8.6 bn | 10.9 bn | 11.6 bn |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2026 · 31 Aug 2026
- Cash
- 12.8 bn USD
- Financial debt
- 113.1 m USD
- Net debt
- -12.7 bn USD
- Equity
- 32.7 bn USD
- Total assets
- 73.6 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 1.43x
- ROE
- 25.8%
- ROA
- 12.0%
- FCF margin
- 15.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 50.5 bn | 61.6 bn | 64.1 bn | 64.9 bn | 69.7 bn | 74.2 bn | SEC (XBRL)· 16 Oct 2026verified |
| Cost of revenue | 34.2 bn | 41.9 bn | 43.4 bn | 43.7 bn | 47.4 bn | 50.4 bn | SEC (XBRL)· 16 Oct 2026verified |
| Gross profit | 16.4 bn ≈ | 19.7 bn ≈ | 20.7 bn ≈ | 21.2 bn ≈ | 22.2 bn ≈ | 23.8 bn ≈ | SEC (XBRL)· 16 Oct 2026derived |
| Research & development | 1.1 bn | 1.1 bn | 1.3 bn | 1.2 bn | 817.3 m | 1.0 bn | SEC (XBRL)· 16 Oct 2026verified |
| Operating income | 7.6 bn | 9.4 bn | 8.8 bn | 9.6 bn | 10.2 bn | 11.4 bn | SEC (XBRL)· 16 Oct 2026verified |
| Depreciation & amortisation | 1.1 bn | 1.3 bn | 1.4 bn | 1.4 bn | — | — | SEC (XBRL)· 10 Oct 2024verified |
| EBITDA | 8.7 bn ≈ | 10.7 bn ≈ | 10.2 bn ≈ | 11.0 bn ≈ | — | — | SEC (XBRL)· 10 Oct 2024derived |
| Interest expense | 59.5 m | 47.3 m | 47.5 m | 59.0 m | 228.6 m | 303.4 m | SEC (XBRL)· 16 Oct 2026verified |
| Pre-tax income | 7.8 bn | 9.2 bn | 9.1 bn | 9.7 bn | 10.3 bn | 11.4 bn | SEC (XBRL)· 16 Oct 2026verified |
| Income tax | 1.8 bn | 2.2 bn | 2.1 bn | 2.3 bn | 2.4 bn | 2.8 bn | SEC (XBRL)· 16 Oct 2026verified |
| Net income | 5.9 bn | 6.9 bn | 6.9 bn | 7.3 bn | 7.7 bn | 8.4 bn | SEC (XBRL)· 16 Oct 2026verified |
| Diluted EPS | 9.16 | 10.71 | 10.77 | 11.44 | 12.15 | 13.56 | SEC (XBRL)· 16 Oct 2026verified |
| Weighted average diluted shares | 645.9 m | 642.8 m | 638.6 m | 635.9 m | 632.4 m | 617.5 m | SEC (XBRL)· 16 Oct 2026verified |
| Dividend per share | 3.52 | 3.88 | 4.48 | 5.16 | 5.92 | — | SEC (XBRL)· 10 Oct 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 8.2 bn | 7.9 bn | 9.0 bn | 5.0 bn | 11.5 bn | 12.8 bn | SEC (XBRL)· 16 Oct 2026verified |
| Receivables | 8.8 bn | 10.5 bn | 10.7 bn | 11.9 bn | 13.1 bn | 14.2 bn | SEC (XBRL)· 16 Oct 2026verified |
| Current assets | 19.7 bn | 21.6 bn | 23.4 bn | 20.9 bn | 28.9 bn | 31.8 bn | SEC (XBRL)· 16 Oct 2026verified |
| Property, plant & equipment, net | 1.6 bn | 1.7 bn | 1.5 bn | 1.5 bn | 1.6 bn | 1.7 bn | SEC (XBRL)· 16 Oct 2026verified |
| Goodwill | 11.1 bn | 13.1 bn | 15.6 bn | 21.1 bn | 22.5 bn | 26.8 bn | SEC (XBRL)· 16 Oct 2026verified |
| Intangibles (excl. goodwill) | 1.7 bn | 1.9 bn | 2.1 bn | 2.9 bn | 2.4 bn | 2.9 bn | SEC (XBRL)· 16 Oct 2026verified |
| Total assets | 43.2 bn | 47.3 bn | 51.2 bn | 55.9 bn | 65.4 bn | 73.6 bn | SEC (XBRL)· 16 Oct 2026verified |
| Accounts payable | 2.3 bn | 2.6 bn | 2.5 bn | 2.7 bn | 2.7 bn | 3.0 bn | SEC (XBRL)· 16 Oct 2026verified |
| Short-term debt | 12.1 m | 9.2 m | 104.8 m | 946.2 m | 114.5 m | 113.1 m | SEC (XBRL)· 16 Oct 2026verified |
| Current liabilities | 15.7 bn | 17.5 bn | 18.0 bn | 19.0 bn | 20.4 bn | 22.3 bn | SEC (XBRL)· 16 Oct 2026verified |
| Equity | 20.1 bn | 22.7 bn | 26.5 bn | 29.2 bn | 32.2 bn | 32.7 bn | SEC (XBRL)· 16 Oct 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 9.0 bn | 9.5 bn | 9.5 bn | 9.1 bn | 11.5 bn | 12.4 bn | SEC (XBRL)· 16 Oct 2026verified |
| Capex | 580.1 m | 718.0 m | 528.2 m | 516.5 m | 600.0 m | 742.7 m | SEC (XBRL)· 16 Oct 2026verified |
| Free cash flow | 8.4 bn ≈ | 8.8 bn ≈ | 9.0 bn ≈ | 8.6 bn ≈ | 10.9 bn ≈ | 11.6 bn ≈ | SEC (XBRL)· 16 Oct 2026derived |
| Investing cash flow | -4.3 bn | -4.3 bn | -2.6 bn | -7.1 bn | -2.0 bn | -5.6 bn | SEC (XBRL)· 16 Oct 2026verified |
| Financing cash flow | -4.9 bn | -5.3 bn | -5.6 bn | -6.1 bn | -2.9 bn | -5.3 bn | SEC (XBRL)· 16 Oct 2026verified |
| Dividends paid | 2.2 bn | 2.5 bn | 2.8 bn | 3.2 bn | 3.7 bn | 4.0 bn | SEC (XBRL)· 16 Oct 2026verified |
| Share repurchases | 3.7 bn | 4.1 bn | 4.3 bn | 4.5 bn | 4.6 bn | 7.5 bn | SEC (XBRL)· 16 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 71 / 100
A scoring methodology on indicators and valuation, not investment advice.
score >= 65 · margin_of_safety >= 0.15 · agreement in ['high', 'medium']
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 162.2 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet81
- Valuation77
- Quality64
- Growth47
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 77.79 – 458.85 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)266.89 – 394.57 (Mid 316.75)WACC 9.3% · starting FCFF 11.8 bn USD · terminal value share of EV 73%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -5.1%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E198.46 – 458.85 (Mid 335.12)9 companies used · median multiple 24.7x · quartiles 14.6x – 33.8xBR, CPAY, EBAY, FISV, MA, MELI, MSCI, PYPL, UBER
- Dividend discount (DDM)77.79 – 104.62 (Mid 89.24)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Attractive profile · Score 71/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 41.8% | 70 (vs peers) | 13% |
| Net margin · Quality | 11.3% | 18 (vs peers) | 8% |
| FCF conversion · Quality | 138.9% | 100 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | 5.0% | 42 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | 8.0% | 53 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 37.6x | 100 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.4x | 52 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 18.8x | 67 (vs peers) | 13% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.2% | 90 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 7.1% | 100 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 34.3% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet81/100 · 2/3 factors with a value
- Growth47/100 · 2/2 factors with a value
- Quality64/100 · 3/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation77/100 · 2/3 factors with a value
Memo
Accenture plc (ACN). Latest full fiscal year: 2026; data up to 2026-08-31.
Figures computed from the financial statements: revenue 74.2 bn USD in 2026; YoY growth 6.5%; net margin 11.3%; ROE 26.7%.
The estimated value range is 198.46–394.57 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 316.75 USD, the price of 254.56 USD leaves a potential of 24.4% (value / price − 1) and a margin of safety of 19.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 71/100, methodological classification: attractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 41.8%
- FCF conversion: 138.9%
- Interest coverage: 37.6x
- FCF yield: 7.2%
- Shareholder yield (distributions): 7.1%
- Payout ratio (FCF): 34.3%
What contradicts it
- Net margin: 11.3%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Services-Business Services, NEC (SIC 7389) · same industry (4-digit SIC) · compared with 11 companies
Only companies with a capitalisation between 20.6 bn and 1,318.6 bn (within 8× of the company's); 88 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| UBERUber Technologies, Inc | 136.0 bn | 14.6 | 38.4% | 17.3% | +18.3% | −24% / +18% |
| MELIMercadoLibre, Inc. | 84.3 bn | 45.2 | 27.5% | 5.3% | +39.1% | −20% / +3% |
| EBAYeBay Inc. | 52.1 bn | 25.8 | 46.6% | 16.9% | +7.9% | +43% / +189% |
| PYPLPayPal Holdings, Inc. | 48.4 bn | 11.1 | 23.8% | 13.8% | +4.3% | −7% / +1% |
| MSCIMsci Inc. | 45.7 bn | 33.9 | — | 40.3% | +9.7% | +13% / +23% |
| FISVFiserv, Inc. | 31.1 bn | 11.2 | 10.7% | 13.4% | +3.6% | −5% / −55% |
| CPAYCorpay, Inc | 26.7 bn | 24.7 | 30.5% | 22.7% | +13.9% | +37% / +69% |
| GPNGlobal Payments Inc. | 25.9 bn | — | -4.1% | -9.1% | −0.4% | +29% / −16% |
| BRBroadridge Financial Solutions, Inc. | 20.8 bn | 20.3 | 40.2% | 13.9% | +8.5% | −19% / −5% |
| VVisa Inc. | — | — | 60.3% | 51.7% | +11.3% | +26% / +64% |
| ACNAccenture plc | — | 18.8 | 26.7% | 11.3% | +6.5% | +2% / −19% |
| MAMastercard Incorporated | — | 33.8 | 231.4% | 46.7% | +16.4% | +18% / +56% |
1- and 3-year price returns: for ACN from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 146.46 Total return -41% · Per year -41% | 258.87 Total return 4% · Per year 4% | 389.84 Total return 56% · Per year 56% |
| 3 years | 143.53 Total return -38% · Per year -15% | 285.31 Total return 20% · Per year 6% | 471.57 Total return 95% · Per year 25% |
| 5 years | 140.65 Total return -35% · Per year -8% | 314.46 Total return 38% · Per year 7% | 570.44 Total return 143% · Per year 19% |
- Exit P/E± 71.33
- Net margin± 49.93
- Annual revenue growth± 40.80
- Annual dilution± 4.20
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Accenture plc (ACN) is a business reinvention and technology company with revenues of 74.2 billion USD in fiscal 2026, up 6% in U.S. dollars and 5% in local currency 12. GAAP operating margin was 15.4% 1. For fiscal 2027 the company expects revenue growth of 3% to 6% in local currency 2.
SWOT
Strengths
- The company has a wide global footprint, clients across almost every industry and long-standing relationships with most of its top clients.
- Its portfolio combines consulting, managed services and proprietary assets, giving a diversified base of revenue.
- Sustained investment in AI, research and development and learning has built a leading position in a growing area of demand.
Weaknesses
- Many consulting contracts are short and can be terminated on little notice, which makes revenue harder to forecast.
- The company depends on client demand, which can be hit when clients cut or defer spending during uncertain periods.
- Part of the business relies on outside AI model and platform providers over which the company has limited control.
Opportunities
- Demand for AI, data and cybersecurity solutions could create new revenue if clients choose to outsource these services.
- Acquisitions and partnerships can extend capabilities into growth areas such as operational technology security and decision intelligence.
- If large transformation programmes stay a priority, the company could convert its large bookings into stable revenue.
Threats
- Clients and competitors building their own AI capabilities could reduce demand for the company's services.
- AI regulation in several jurisdictions could raise compliance costs and exposure to litigation.
- Geopolitical tensions and changes in trade policy could affect the markets in which the company operates.
Risks
- Economic slowdown and geopolitical uncertaintyhigh
Clients may reduce, defer or cancel spending, and the effects can be hard to anticipate, especially in consulting 1.
- Replacement of services by AIhigh
Automation and AI solutions can reduce demand for some services, and if new services do not compensate, staff utilisation could fall 1.
- AI regulationmedium
Differing requirements across countries could require costly adaptation and could lead to fines or litigation if not met 1.
- Dependence on large clientsmedium
In certain markets or industries a small number of clients make up a significant share of revenues, so their decision to cut spending could weigh on results 1.
- Currency fluctuationslow
Most revenues are denominated in currencies other than the U.S. dollar, and exchange rate moves can significantly change results reported in dollars 1.
Investment thesis
What would need to be true (bull case)
- If demand for large transformations and AI solutions holds, the company could keep growing revenue and improving margins as it did in fiscal 2026 12.
- A broad client base and long-standing relationships could provide stability, and a growing share of managed services could support recurring revenue 1.
- The commitment to return at least 9.5 billion USD to shareholders in fiscal 2027 suggests cash generation could remain solid if operations develop as expected 2.
What would break the thesis
- Consulting bookings grew more slowly, and short contracts could be scaled back quickly if clients defer projects, which could slow growth 1.
- If automation and AI replace traditional services faster than new ones emerge, pressure on pricing and staff utilisation could increase 1.
- The fiscal 2027 guidance points to more moderate growth than the prior year, which could reflect client caution and economic uncertainty 2.
What to watch
- Local currency revenue growth against the 3% to 6% guidanceQ1 2027
- Pace of new bookings and the book-to-bill ratio in consultingQ1 2027
- How AI regulation in the EU and U.S. could affect compliance costs2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Accenture describes its business as reinvention and technology, combining consulting, managed services, proprietary assets and platforms and increasingly software 1. The company serves more than 9,000 clients, including about three quarters of the Fortune Global 100 and 500 and every G7 government 1. It had approximately 814,000 people as of August 31 2026 1.
Delivery rests on seven Reinvention Partners, three Reinvention Engines covering AI and data, industry and process, and technology, and a network of ecosystem partners that represented about 65% of fiscal 2026 revenue 1. The network of newer businesses, including Dragos, Faculty and Ookla, contributed about 6% of revenue 1.
Market context
The company operates in a competitive environment where clients continue to prioritise large-scale transformations, including becoming AI-ready, while discretionary spending remains cautious 1. Consulting revenue grew 3% in local currency and managed services 6%, pointing to firmer demand for longer-term contracts 1.
The market faces economic and geopolitical uncertainty, including the conflict in the Middle East, which could continue to weigh on client demand 1. Currency also matters, since the company estimates that fiscal 2027 U.S. dollar growth will be roughly equal to local currency growth 1.
Trends
- Client adoption of AImixed
Clients are directing technology budgets toward AI investment, which could create new service opportunities while reducing demand for some traditional services 1.
- Automation replacing labourheadwind
Some services performed by people are being replaced by automation, including AI-enabled solutions, which could reduce demand unless new services offset the shortfall 1.
- Large transformation programmestailwind
Clients keep prioritising large-scale transformations, and new bookings reached 84.5 billion USD in fiscal 2026 1.
- Pricing pressureheadwind
The environment remains competitive, and pricing was lower in some areas in the fourth quarter, although for the full fiscal year pricing was relatively stable 1.
Competitive position
Competitive risk comes from clients and ecosystem partners developing their own AI capabilities, as well as from AI-native companies 1. The company also points to pricing pressure that could affect margins if the environment stays competitive 1.
- Clients and ecosystem partners building in-house capabilities
The source notes these parties could reduce demand for the company's services by developing their own AI solutions 1.
- AI-native companies
Companies built around artificial intelligence may compete with the company's services, according to the filing 1.
- Third-party AI model and platform providers
The company depends partly on these providers, which could affect its ability to deliver AI solutions 1.
- Specialised technology services providers
The sources do not name listed competitors with tickers and describe competition in general terms 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Accenture AI agents are sifting through applicantsThe Register · 30 Oct 2026 · EN
- Vendors asking forward deployed engineers to make good on trillion-dollar AI betThe Register · 22 Oct 2026 · EN
- Accenture, Dragos, SANS Launch $10M Initiative to Defend Small US UtilitiesSecurityWeek · 21 Oct 2026 · EN
- European tech weekly recap: More than 65 tech funding deals worth over €1.8BTech.eu · 19 Oct 2026 · EN
- Accenture looks to sell Chinese operations for up to $1.5 billion, FT reportsCNA (Channel NewsAsia) · 18 Oct 2026 · EN
- ID Finance lands €545M, UK launches refugee-focused VC fund, and the race to save EU IncTech.eu · 16 Oct 2026 · EN
- The Download: failed social media bans, and extending pets’ livesMIT Technology Review · 16 Oct 2026 · EN
- Accenture $29 Claude cap raises a question for Indian IT : Who will pay for rising AI costs at work ?Surge — GDELT DOC · 16 Oct 2026 · RO
- From Rohlik to enterprise AI: Tomáš Čupr's Duvo raises $32M Series ATech.eu · 14 Oct 2026 · EN
- Accenture acquires UK customer intelligence firm Sagacity to strengthen AI and data capabilitiesTech.eu · 13 Oct 2026 · EN
- Rusia afirmă că a livrat hidrocarburi în valoare de 320 de miliarde de dolari către Europa începând cu 2022 - AgerpresAgerpres · 12 Oct 2026 · RO
- AccessABILITY Expo revine la București: AI, tehnologie și soluții concrete pentru o societate mai accesibilăLibertatea.ro · 12 Oct 2026 · RO
- OPEC a înrăutățit din nou estimările privind creșterea cererii globale de petrol în 2026 - AgerpresAgerpres · 12 Oct 2026 · RO
- AI company moves to defend critical infrastructure and open-source projects from AIThe Register · 08 Oct 2026 · EN
- Exclusive: Anthropic's plan to protect critical infrastructureAxios · 08 Oct 2026 · EN
- ShinyHunters Extorted Boeing Spin-off Prior to ArrestsKrebs on Security · 07 Oct 2026 · EN
- Radisson Hotel Group brings hotel discovery into ChatGPTOpenAI Blog · 07 Oct 2026 · EN
- FBI Blames Contractor’s Missed Patch for ShinyHunters BreachSecurityWeek · 06 Oct 2026 · EN
- FBI Removes Accenture Contractor After Patch Failure Led to ShinyHunters BreachThe Hacker News · 06 Oct 2026 · EN
- India's IT stocks gain as Accenture outlook lifts sector sentimentCNA (Channel NewsAsia) · 05 Oct 2026 · EN
SEC filings
- Annual report16 Oct 2026
- Current report14 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report01 Oct 2026Results of operations · Financial statements and exhibits
- Current report10 Jul 2026Other events · Financial statements and exhibits
- Current report23 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report18 Jun 2026
- Current report18 Jun 2026Results of operations · Financial statements and exhibits
- Current report24 Apr 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report19 Mar 2026
- Current report19 Mar 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-08-31 · SEC / Accenture plc · 16 Oct 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Accenture plc · 01 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.