ACN 8-K
Accenture plc (ACN)
8-K
2025-09-25
For: 2025-09-25
View Original
Added on
April 08, 2026
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2025
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
Registrant’s telephone number, including area code: (353 ) (1 ) 646-2000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition
On September 25, 2025, Accenture plc (“Accenture”) issued a news release announcing financial results for its fourth quarter and full fiscal year ended August 31, 2025.
A copy of the news release is attached hereto as Exhibit 99. All information in the news release is furnished but not filed.
Non-GAAP Financial Information
In the attached news release Accenture discloses the following non-GAAP financial measures:
•Free cash flow (defined as operating cash flow net of property and equipment additions). Accenture’s management believes that this information provides meaningful additional information regarding the company’s liquidity.
•Percentage changes in revenues and bookings on a local currency basis. 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. This approach is used for all results where the functional currency is not the U.S. dollar. Accenture’s management believes that information regarding changes in its revenues and bookings that excludes the effect of fluctuations in foreign currency exchange rates facilitates meaningful comparison of its revenues.
•Adjusted financial measures excluding the impact of costs recorded during the fourth quarter of fiscal 2025 in connection with business optimization actions initiated in fiscal 2025 and costs recorded during fiscal 2024 in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024. Accenture’s management believes that information regarding the effect of the business optimization costs facilitates an understanding as to the impact of these items and the company’s performance in comparison to the prior period.
Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are included in the news release. While Accenture’s management believes that this non-GAAP financial information is useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | ||||
| 99 | |||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | ||||
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: September 25, 2025 | ACCENTURE PLC | |||||||
| By: | /s/ Joel Unruch | |||||||
| Name: | Joel Unruch | |||||||
| Title: | General Counsel & Corporate Secretary | |||||||
 | |||||||||||
| Accenture Reports Fourth-Quarter and Full-Year Fiscal 2025 Results | |||||||||||
Accenture’s fiscal 2025 revenues, adjusted EPS and free cash flow come in ahead of Company’s expectations; Early AI investments help drive strong fiscal 2025 results | |||||||||||
NEW YORK; September 25, 2025 — Accenture (NYSE: ACN) reported financial results for the fourth quarter and full fiscal year ended August 31, 2025.
All comparisons are to the fourth quarter and full fiscal year 2024, unless noted otherwise.
| Accenture Chair and CEO Julie Sweet | ||
“I am very pleased with our 7% growth in fiscal 2025, demonstrating our unique ability to deliver for our clients as they seek our help to reinvent and lead with AI. As clients continue to embrace reinvention to create value and drive financial results and business outcomes, they need help to build their digital core, prepare data and reimagine processes, all while training their people to work in entirely new ways. This is what Accenture does best and our strong results this year clearly illustrate our impact. I am grateful to the Reinventors of Accenture who bring their unique talents, together with our proprietary tools and leading partnerships, to bear as we deliver value to our clients with certainty and speed.” | ||
| Fourth Quarter and Full Year Fiscal 2025 Key Metrics | ||
•New bookings of $21.3 billion for the quarter and $80.6 billion for the year •Generative AI new bookings of $1.8 billion for the quarter and $5.9 billion for the year •Revenues of $17.6 billion for the quarter, an increase of 7% in U.S. dollars and 4.5% in local currency; and $69.7 billion for the year, an increase of $4.8 billion or 7% in both U.S. dollars and local currency •Fourth quarter GAAP operating margin of 11.6%, a decrease of 270 basis points; adjusted1 operating margin of 15.1%, an increase of 10 basis points •Full year GAAP operating margin of 14.7%, a decrease of 10 basis points; adjusted operating margin of 15.6%, an increase of 10 basis points •Fourth quarter GAAP diluted EPS of $2.25, a 15% decrease; adjusted EPS of $3.03, a 9% increase •Full year GAAP diluted EPS of $12.15, a 6% increase; adjusted EPS of $12.93, an 8% increase •Free cash flow of $3.8 billion for the quarter and $10.9 billion for the year | ||
| Fiscal Year 2026 Business Outlook Highlights | ||
•Company expects full-year revenue growth of 2% to 5% in local currency; excluding a 1% to 1.5% impact from its U.S. federal business, company expects revenue growth of 3% to 6% in local currency •Expects full-year GAAP diluted EPS of $13.19 to $13.57, a 9% to 12% increase; expects full-year adjusted EPS of $13.52 to $13.90, a 5% to 8% increase •Company expects to return at least $9.3 billion in cash to shareholders in fiscal year 2026 | ||
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| Q4 FY25 Financial Review | ||
| Q4 New Bookings | ||
New bookings for the fourth quarter of fiscal 2025 were $21.31 billion, an increase of 6% in U.S. dollars and 3% in local currency over the fourth quarter of fiscal 2024, with a book-to-bill of 1.2. •Consulting new bookings were $8.87 billion. •Managed Services new bookings were $12.44 billion. | ||
| Q4 Revenues | ||
Revenues for the fourth quarter of fiscal 2025 were $17.60 billion, an increase of 7% in U.S. dollars and 4.5% in local currency, and were at the top end of the company’s guided range of $17.0 billion to $17.6 billion, or 1% to 5% growth in local currency. Revenues reflect a foreign-exchange impact of approximately positive 2.5%, consistent with the assumption provided in the company’s third-quarter earnings release. | ||
| Q4 Revenues by Type of Work | |||||||||||
Revenues (in billions) | Increase (Decrease) from Q4 FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
| Consulting | $8.77 | 6 | % | 3 | % | ||||||
| Managed Services | $8.82 | 8 | % | 6 | % | ||||||
| Total | $17.60 | 7 | % | 4.5 | % | ||||||
| Q4 Revenues by Geographic Market | |||||||||||
Revenues (in billions) | Increase (Decrease) from Q4 FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
Americas2 | $8.80 | 5 | % | 5 | % | ||||||
| EMEA | $6.20 | 10 | % | 3 | % | ||||||
Asia Pacific2 | $2.60 | 11 | % | 6 | % | ||||||
| Total | $17.60 | 7 | % | 4.5 | % | ||||||
| Q4 Revenues by Industry Group | |||||||||||
Revenues (in billions) | Increase (Decrease) from Q4 FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
| Communications, Media & Technology | $2.95 | 7 | % | 5 | % | ||||||
| Financial Services | $3.32 | 15 | % | 12 | % | ||||||
| Health & Public Service | $3.56 | (1) | % | (3) | % | ||||||
| Products | $5.38 | 9 | % | 5 | % | ||||||
| Resources | $2.39 | 8 | % | 5 | % | ||||||
| Total | $17.60 | 7 | % | 4.5 | % | ||||||
Amounts in tables may not total due to rounding.
2During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.
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| Q4 FY25 Financial Review | ||
The company expects to increase its overall number of employees in FY26 across its markets, including in the US and countries in Europe, reflecting the demand it sees in its business. In addition to continuing to hire, the company is implementing a refreshed three-pronged talent strategy to meet current and future client demand: including investing in upskilling people, which is its primary focus; exiting people in a compressed timeline where reskilling is not a viable path for the skills it needs; and identifying areas to drive even more operating efficiencies in its business, including through AI. In Q4 FY25, the company initiated a six-month business optimization program and recorded a charge of $615 million. The company also expects to record approximately $250 million in Q1 FY26 for a total of approximately $865 million over the six-month period. This reflects severance costs associated with this talent strategy, as well as the impairment of assets, primarily related to the divestiture of two acquisitions that are no longer aligned with the company’s strategic priorities. These actions will result in cost savings, which will be reinvested in its people and business. | ||
| Q4 Operating Margin and Operating Income | ||
•GAAP operating margin (operating income as a percentage of revenues) for the quarter was 11.6%, compared with GAAP operating margin of 14.3%, and adjusted operating margin was 15.1% compared with adjusted operating margin of 15.0% for the fourth quarter of fiscal 2024. •GAAP operating income for the quarter decreased 13% to $2.05 billion compared with GAAP operating income of $2.35 billion, and adjusted operating income was $2.67 billion, an increase of 8% compared with adjusted operating income of $2.46 billion for the fourth quarter of fiscal 2024. | ||
Gross margin (gross profit as a percentage of revenues) for the quarter was 31.9%, compared with 32.5% for the fourth quarter of fiscal 2024. Selling, general and administrative (SG&A) expenses for the quarter were $2.95 billion, or 16.7% of revenues, compared with $2.88 billion, or 17.5% of revenues, for the fourth quarter of fiscal 2024.
The company’s GAAP effective tax rate for the quarter was 30.1%, compared with 26.3% for the fourth quarter of fiscal 2024. The adjusted effective tax rate for the quarter was 27.9%, compared with 26.2% for the fourth quarter of fiscal 2024.
GAAP net income for the quarter was $1.45 billion, compared with $1.72 billion for the fourth quarter of fiscal 2024. Adjusted net income for the quarter was $1.94 billion, compared with $1.80 billion for the fourth quarter of fiscal 2024.
| Q4 Earnings Per Share | ||
•GAAP diluted EPS for the quarter were $2.25, a 15% decrease from $2.66 for the fourth quarter of fiscal 2024. •Adjusted EPS for the quarter were $3.03, a 9% increase over adjusted EPS of $2.79 for the fourth quarter of fiscal 2024, which excludes $0.78 and $0.13 for business optimization costs in fiscal 2025 and 2024, respectively. | ||
| Q4 Year over Year Increase in Adjusted Earnings Per Share | |||||
| Fourth Quarter Fiscal 2024 Adjusted EPS | $2.79 | ||||
| Higher revenue and operating results | $0.24 | ||||
| Higher non-operating income | $0.05 | ||||
| Lower share count | $0.02 | ||||
| Higher effective tax rate | $(0.07) | ||||
| Fourth Quarter Fiscal 2025 Adjusted EPS | $3.03 | ||||
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| Q4 FY25 Financial Review | ||||||||
| Q4 Cash Flow | ||||||||
| Fourth Quarter Fiscal 2025 (in billions) | Fourth Quarter Fiscal 2024 (in billions) | |||||||
| Operating Cash Flow | $3.91 | $3.39 | ||||||
| Less: Property & Equipment Additions | $(0.11) | $(0.21) | ||||||
| Free Cash Flow | $3.81 | $3.18 | ||||||
Days services outstanding, or DSOs, were 47 days at August 31, 2025, compared with 46 days at August 31, 2024.
Accenture’s total cash balance at August 31, 2025 was $11.5 billion, compared with $5.0 billion at August 31, 2024.
| Full Year Fiscal 2025 Financial Review | ||
| Fiscal 2025 New Bookings | ||
New bookings for fiscal 2025 were $80.62 billion, a decrease of 1% in both U.S. dollars and local currency compared with fiscal 2024, with a book-to-bill of 1.2. •Consulting new bookings were $37.64 billion. •Managed Services new bookings were $42.98 billion. | ||
| Fiscal 2025 Revenues | ||
Revenues for fiscal 2025 were $69.67 billion, an increase of 7% in both U.S. dollars and local currency. There was minimal currency translation impact for fiscal 2025 compared to fiscal 2024. | ||
| Fiscal 2025 Revenues by Type of Work | |||||||||||
Revenues (in billions) | Increase (Decrease) from FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
| Consulting | $35.11 | 6 | % | 5 | % | ||||||
| Managed Services | $34.57 | 9 | % | 9 | % | ||||||
| Total | $69.67 | 7 | % | 7 | % | ||||||
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| Full Year Fiscal 2025 Financial Review | |||||||||||
| Fiscal 2025 Revenues by Geographic Market | |||||||||||
Revenues (in billions) | Increase (Decrease) from FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
Americas2 | $35.06 | 8 | % | 9 | % | ||||||
| EMEA | $24.64 | 8 | % | 6 | % | ||||||
Asia Pacific2 | $9.97 | 5 | % | 4 | % | ||||||
| Total | $69.67 | 7 | % | 7 | % | ||||||
| Fiscal 2025 Revenues by Industry Group | |||||||||||
Revenues (in billions) | Increase (Decrease) from FY24 | ||||||||||
| U.S. Dollars | Local Currency | ||||||||||
| Communications, Media & Technology | $11.45 | 6 | % | 6 | % | ||||||
| Financial Services | $12.77 | 10 | % | 10 | % | ||||||
| Health & Public Service | $14.76 | 7 | % | 6 | % | ||||||
| Products | $21.20 | 8 | % | 8 | % | ||||||
| Resources | $9.48 | 5 | % | 5 | % | ||||||
| Total | $69.67 | 7 | % | 7 | % | ||||||
Amounts in tables may not total due to rounding.
2During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.
| Fiscal 2025 Operating Margin and Operating Income | ||
•GAAP operating margin (operating income as a percentage of revenues) for fiscal 2025 was 14.7%, compared to GAAP operating margin of 14.8%, and adjusted operating margin was 15.6%, compared with adjusted operating margin of 15.5% for fiscal 2024. •GAAP operating income for fiscal 2025 increased 7% to $10.23 billion compared with GAAP operating income of $9.60 billion, and adjusted operating income increased 8% to $10.84 billion compared with adjusted operating income of $10.03 billion for fiscal 2024. | ||
Gross margin (gross profit as a percentage of revenues) for fiscal 2025 was 31.9% compared with 32.6% for fiscal 2024. Selling, general and administrative (SG&A) expenses for fiscal 2025 were $11.39 billion or 16.4% of revenues, compared with $11.13 billion, or 17.1% of revenues, for fiscal 2024.
The company’s GAAP annual effective tax rate for fiscal 2025 was 23.7%, compared with 23.5% in fiscal 2024. The adjusted effective tax rate for both fiscal 2025 and fiscal 2024 was 23.6%.
GAAP net income for fiscal 2025 was $7.83 billion, compared with $7.42 billion in fiscal 2024. Adjusted net income for fiscal 2025 was $8.32 billion, compared with $7.75 billion in fiscal 2024.
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| Full Year Fiscal 2025 Financial Review | ||
| Fiscal 2025 Earnings Per Share | ||
•GAAP diluted EPS for fiscal 2025 were $12.15, a 6% increase over $11.44 for fiscal 2024. •Adjusted EPS for fiscal 2025 were $12.93, an increase of 8% over adjusted EPS of $11.95 for fiscal 2024, which excludes $0.78 and $0.51 for business optimization costs in fiscal 2025 and fiscal 2024, respectively. | ||
| Fiscal 2025 Year over Year Increase in Adjusted Earnings Per Share | |||||
| Fiscal 2024 Adjusted EPS | $11.95 | ||||
| Higher revenue and operating results | $0.97 | ||||
| Lower share count | $0.07 | ||||
| Lower effective tax rate | $0.01 | ||||
| Lower non-operating income | $(0.07) | ||||
| Fiscal 2025 Adjusted EPS | $12.93 | ||||
| Fiscal 2025 Cash Flow | ||||||||
| Fiscal 2025 (in billions) | Fiscal 2024 (in billions) | |||||||
| Operating Cash Flow | $11.47 | $9.13 | ||||||
| Less: Property & Equipment Additions | $(0.60) | $(0.52) | ||||||
| Free Cash Flow | $10.87 | $8.61 | ||||||
| Cash Return to Shareholders | ||
Accenture continues to return significant cash to shareholders through cash dividends and share repurchases. In fiscal 2025, the company returned $8.3 billion to shareholders, including $4.6 billion in share repurchases and $3.7 billion in cash dividends.
| Dividend | ||
•On August 15, 2025, a quarterly cash dividend of $1.48 per share was paid to shareholders of record at the close of business on July 10, 2025. ◦These cash dividend payments totaled $922 million, bringing dividend payments for the full year to $3.70 billion, compared with $3.24 billion in fiscal 2024. •Accenture plc has declared another quarterly cash dividend of $1.63 per share for shareholders of record at the close of business on October 10, 2025. ◦This dividend, which is payable on November 14, 2025, represents a 10% increase over the company’s previous quarterly dividend. | ||
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| Share Repurchase Activity | ||
•During the fourth quarter of fiscal 2025, Accenture repurchased or redeemed 1.6 million shares for a total of $474 million, which were primarily repurchased in the open market. Total share repurchases and redemptions for the full fiscal year were 14.1 million shares for a total of $4.6 billion, including 11.9 million shares repurchased in the open market. •Accenture’s total outstanding authority is approximately $7.9 billion, which includes $5.0 billion in additional share repurchase authority approved by the company’s Board of Directors. •At August 31, 2025, Accenture had approximately 622 million total shares outstanding. | ||
| Business Outlook | |||||
| First Quarter Fiscal 2026 Outlook | |||||
| Revenues | $18.1B – $18.75B | ||||
Revenue Growth (Local Currency) | 1% – 5% | ||||
| Foreign-Exchange Impact on Results | approx. +1% | ||||
| Full Year Fiscal 2026 Outlook | |||||
Revenue Growth (Local Currency) | 2% – 5% approx. 3% – 6% excluding an estimated 1% to 1.5% impact from its U.S. federal business | ||||
| Foreign-Exchange Impact on Results | approx. +2% | ||||
| GAAP Operating Margin | 15.3% – 15.5% 60 bps – 80 bps expansion over FY25 | ||||
| Adjusted Operating Margin | 15.7% – 15.9% 10 bps – 30 bps expansion over adjusted FY25, excluding an estimated $250 million for business optimization costs in Q1 | ||||
Annual Effective Tax Rate (GAAP and Adjusted) | 23.5% – 25.5% | ||||
| GAAP Diluted EPS | $13.19 – $13.57 9% – 12% increase over FY25 | ||||
| Adjusted EPS | $13.52 – $13.90 5% – 8% increase over adjusted FY25, excluding an estimated $0.33 per share for business optimization costs in Q1 | ||||
| Operating Cash Flow | $10.8B – $11.5B | ||||
| Property & Equipment Additions | $1.0B | ||||
| Free Cash Flow | $9.8B – $10.5B | ||||
| Capital Return | at least $9.3B | ||||
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Conference Call and Webcast Details Accenture will host a conference call at 8:00 a.m. EDT today to discuss its fourth quarter and full year fiscal 2025 financial results. To participate in the teleconference, please dial +1 (877) 883-0383 [+1 (412) 317-6061 outside the U.S., Puerto Rico and Canada] and enter access code 8198897 approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible live via webcast on the Investor Relations section of the Accenture website at accenture.com. A replay will be available on this website following the call. | ||
About Accenture Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 779,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com. | ||
Non-GAAP Financial Information This news release includes certain non-GAAP financial information as defined by Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, reconciliations of this non-GAAP financial information to Accenture’s financial statements as prepared under generally accepted accounting principles (GAAP) are included in this press release. 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. Accenture’s management believes providing investors with this information gives additional insights into Accenture’s results of operations. While Accenture’s management believes that the non-GAAP financial measures herein are useful in evaluating Accenture’s operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP. Accenture provides full-year revenue guidance on a local-currency basis and not in U.S. dollars because the impact of foreign exchange rate fluctuations could vary significantly from the company’s stated assumptions. | ||
Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets | ||
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| in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's debt obligations could adversely affect our business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and our strategy to continue to grow in our key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K, as updated in Item 1A, “Risk Factors” in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, and other documents filed with or furnished to the Securities and Exchange Commission. In addition, the timing and amount of costs related to our business optimization actions and the nature and extent of benefits realized from such actions are subject to uncertainties and other factors, including local country consultation processes and regulations, and may differ from our current expectations and estimates. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations. | ||
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Accenture plc
Consolidated Income Statements
(In thousands of U.S. dollars, except share and per share amounts)
(Unaudited)
| Three Months Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
| August 31, 2025 | % of Revenues | August 31, 2024 | % of Revenues | August 31, 2025 | % of Revenues | August 31, 2024 | % of Revenues | |||||||||||||||||||||||||||||||||||||||||||
| REVENUES: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 17,596,260 | 100.0 | % | $ | 16,405,819 | 100.0 | % | $ | 69,672,977 | 100.0 | % | $ | 64,896,464 | 100.0 | % | ||||||||||||||||||||||||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of services | 11,985,326 | 68.1 | % | 11,068,363 | 67.5 | % | 47,437,576 | 68.1 | % | 43,734,147 | 67.4 | % | ||||||||||||||||||||||||||||||||||||||
| Sales and marketing | 1,793,056 | 10.2 | % | 1,755,272 | 10.7 | % | 7,043,445 | 10.1 | % | 6,846,714 | 10.6 | % | ||||||||||||||||||||||||||||||||||||||
| General and administrative costs | 1,152,863 | 6.6 | % | 1,122,569 | 6.8 | % | 4,350,968 | 6.2 | % | 4,281,316 | 6.6 | % | ||||||||||||||||||||||||||||||||||||||
| Business optimization costs | 615,324 | 3.5 | % | 105,947 | 0.6 | % | 615,324 | 0.9 | % | 438,440 | 0.7 | % | ||||||||||||||||||||||||||||||||||||||
| Total operating expenses | 15,546,569 | 14,052,151 | 59,447,313 | 55,300,617 | ||||||||||||||||||||||||||||||||||||||||||||||
| OPERATING INCOME | 2,049,691 | 11.6 | % | 2,353,668 | 14.3 | % | 10,225,664 | 14.7 | % | 9,595,847 | 14.8 | % | ||||||||||||||||||||||||||||||||||||||
| Interest income | 105,197 | 51,317 | 336,324 | 272,256 | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest expense | (66,243) | (22,835) | (228,555) | (58,969) | ||||||||||||||||||||||||||||||||||||||||||||||
| Other income (expense), net | (13,410) | (49,589) | (63,040) | (109,811) | ||||||||||||||||||||||||||||||||||||||||||||||
| INCOME BEFORE INCOME TAXES | 2,075,235 | 11.8 | % | 2,332,561 | 14.2 | % | 10,270,393 | 14.7 | % | 9,699,323 | 14.9 | % | ||||||||||||||||||||||||||||||||||||||
| Income tax expense | 625,429 | 613,895 | 2,437,993 | 2,280,126 | ||||||||||||||||||||||||||||||||||||||||||||||
| NET INCOME | 1,449,806 | 8.2 | % | 1,718,666 | 10.5 | % | 7,832,400 | 11.2 | % | 7,419,197 | 11.4 | % | ||||||||||||||||||||||||||||||||||||||
| Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc. | (1,326) | (1,606) | (7,240) | (7,198) | ||||||||||||||||||||||||||||||||||||||||||||||
| Net income attributable to noncontrolling interests – other (1) | (34,517) | (32,759) | (146,727) | (147,212) | ||||||||||||||||||||||||||||||||||||||||||||||
| NET INCOME ATTRIBUTABLE TO ACCENTURE PLC | $ | 1,413,963 | 8.0 | % | $ | 1,684,301 | 10.3 | % | $ | 7,678,433 | 11.0 | % | $ | 7,264,787 | 11.2 | % | ||||||||||||||||||||||||||||||||||
| CALCULATION OF EARNINGS PER SHARE: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income attributable to Accenture plc | $ | 1,413,963 | $ | 1,684,301 | $ | 7,678,433 | $ | 7,264,787 | ||||||||||||||||||||||||||||||||||||||||||
| Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc. (2) | 1,326 | 1,606 | 7,240 | 7,198 | ||||||||||||||||||||||||||||||||||||||||||||||
| Net income for diluted earnings per share calculation | $ | 1,415,289 | $ | 1,685,907 | $ | 7,685,673 | $ | 7,271,985 | ||||||||||||||||||||||||||||||||||||||||||
| WEIGHTED AVERAGE SHARES: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic | 622,635,814 | 626,122,298 | 624,891,649 | 627,852,613 | ||||||||||||||||||||||||||||||||||||||||||||||
| Diluted | 629,418,129 | 633,883,494 | 632,435,108 | 635,940,044 | ||||||||||||||||||||||||||||||||||||||||||||||
| EARNINGS PER SHARE: | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic | $ | 2.27 | $ | 2.69 | $ | 12.29 | $ | 11.57 | ||||||||||||||||||||||||||||||||||||||||||
| Diluted | $ | 2.25 | $ | 2.66 | $ | 12.15 | $ | 11.44 | ||||||||||||||||||||||||||||||||||||||||||
| Cash dividends per share | $ | 1.48 | $ | 1.29 | $ | 5.92 | $ | 5.16 | ||||||||||||||||||||||||||||||||||||||||||
(1)Comprised primarily of noncontrolling interest attributable to the noncontrolling shareholders of Avanade, Inc.
(2)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.
10
Accenture plc
Summary of Revenues
(In thousands of U.S. dollars)
(Unaudited)
| Three Months Ended | Percent Increase (Decrease) U.S. Dollars | Percent Increase (Decrease) Local Currency | ||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | |||||||||||||||||||||||||
| GEOGRAPHIC MARKETS | ||||||||||||||||||||||||||
| Americas (1) | $ | 8,804,391 | $ | 8,423,447 | 5% | 5% | ||||||||||||||||||||
| EMEA | 6,196,281 | 5,638,763 | 10 | 3 | ||||||||||||||||||||||
| Asia Pacific (1) | 2,595,588 | 2,343,609 | 11 | 6 | ||||||||||||||||||||||
| Total Revenues | $ | 17,596,260 | $ | 16,405,819 | 7% | 4.5% | ||||||||||||||||||||
| INDUSTRY GROUPS | ||||||||||||||||||||||||||
| Communications, Media & Technology | $ | 2,953,957 | $ | 2,750,513 | 7% | 5% | ||||||||||||||||||||
| Financial Services | 3,315,700 | 2,872,964 | 15 | 12 | ||||||||||||||||||||||
| Health & Public Service | 3,563,632 | 3,613,865 | (1) | (3) | ||||||||||||||||||||||
| Products | 5,376,132 | 4,948,907 | 9 | 5 | ||||||||||||||||||||||
| Resources | 2,386,839 | 2,219,570 | 8 | 5 | ||||||||||||||||||||||
| Total Revenues | $ | 17,596,260 | $ | 16,405,819 | 7% | 4.5% | ||||||||||||||||||||
| TYPE OF WORK | ||||||||||||||||||||||||||
| Consulting | $ | 8,772,265 | $ | 8,260,395 | 6% | 3% | ||||||||||||||||||||
| Managed Services | 8,823,995 | 8,145,424 | 8 | 6 | ||||||||||||||||||||||
| Total Revenues | $ | 17,596,260 | $ | 16,405,819 | 7% | 4.5% | ||||||||||||||||||||
| Year Ended | Percent Increase (Decrease) U.S. Dollars | Percent Increase (Decrease) Local Currency | ||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | |||||||||||||||||||||||||
| GEOGRAPHIC MARKETS | ||||||||||||||||||||||||||
| Americas (1) | $ | 35,056,715 | $ | 32,552,489 | 8% | 9% | ||||||||||||||||||||
| EMEA | 24,643,957 | 22,817,879 | 8 | 6 | ||||||||||||||||||||||
| Asia Pacific (1) | 9,972,305 | 9,526,096 | 5 | 4 | ||||||||||||||||||||||
| Total Revenues | $ | 69,672,977 | $ | 64,896,464 | 7% | 7% | ||||||||||||||||||||
| INDUSTRY GROUPS | ||||||||||||||||||||||||||
| Communications, Media & Technology | $ | 11,453,982 | $ | 10,837,174 | 6% | 6% | ||||||||||||||||||||
| Financial Services | 12,773,856 | 11,610,225 | 10 | 10 | ||||||||||||||||||||||
| Health & Public Service | 14,762,837 | 13,840,634 | 7 | 6 | ||||||||||||||||||||||
| Products | 21,197,397 | 19,554,154 | 8 | 8 | ||||||||||||||||||||||
| Resources | 9,484,905 | 9,054,277 | 5 | 5 | ||||||||||||||||||||||
| Total Revenues | $ | 69,672,977 | $ | 64,896,464 | 7% | 7% | ||||||||||||||||||||
| TYPE OF WORK | ||||||||||||||||||||||||||
| Consulting | $ | 35,106,786 | $ | 33,195,104 | 6% | 5% | ||||||||||||||||||||
| Managed Services | 34,566,191 | 31,701,360 | 9 | 9 | ||||||||||||||||||||||
| Total Revenues | $ | 69,672,977 | $ | 64,896,464 | 7% | 7% | ||||||||||||||||||||
(1)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.
11
Accenture plc
Operating Income by Geographic Market
(In thousands of U.S. dollars)
(Unaudited)
| Three Months Ended | |||||||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||||||||
| Operating Income | Operating Margin | Operating Income | Operating Margin | Increase (Decrease) | |||||||||||||||||||||||||
| Americas (1) | $ | 987,032 | 11 | % | $ | 1,295,736 | 15 | % | $ | (308,704) | |||||||||||||||||||
| EMEA | 662,688 | 11 | 701,138 | 12 | (38,450) | ||||||||||||||||||||||||
| Asia Pacific (1) | 399,971 | 15 | 356,794 | 15 | 43,177 | ||||||||||||||||||||||||
| Total Operating Income | $ | 2,049,691 | 11.6 | % | $ | 2,353,668 | 14.3 | % | $ | (303,977) | |||||||||||||||||||
| Year Ended | |||||||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||||||||
| Operating Income | Operating Margin | Operating Income | Operating Margin | Increase (Decrease) | |||||||||||||||||||||||||
| Americas (1) | $ | 5,324,339 | 15 | % | $ | 5,079,651 | 16 | % | $ | 244,688 | |||||||||||||||||||
| EMEA | 3,090,993 | 13 | 2,803,610 | 12 | 287,383 | ||||||||||||||||||||||||
| Asia Pacific (1) | 1,810,332 | 18 | 1,712,586 | 18 | 97,746 | ||||||||||||||||||||||||
| Total Operating Income | $ | 10,225,664 | 14.7 | % | $ | 9,595,847 | 14.8 | % | $ | 629,817 | |||||||||||||||||||
(1)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.
12
Accenture plc
Reconciliation of Operating Income, as Reported (GAAP) to Operating Income as Adjusted (Non-GAAP)
(In thousands of U.S. dollars)
(Unaudited)
| Three Months Ended | |||||||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||||||||
| As Reported (GAAP) | Business Optimization (1) | Adjusted (Non-GAAP) | Operating Margin (Non-GAAP) | As Reported (GAAP) | Business Optimization (2) | Adjusted (Non-GAAP) | Operating Margin (Non-GAAP) | ||||||||||||||||||||||
| Americas (3) | $ | 987,032 | $ | 420,469 | $ | 1,407,501 | 16 | % | $ | 1,295,736 | $ | 24,825 | $ | 1,320,561 | 16 | % | |||||||||||||
| EMEA | 662,688 | 131,980 | 794,668 | 13 | 701,138 | 17,422 | 718,560 | 13 | |||||||||||||||||||||
| Asia Pacific (3) | 399,971 | 62,875 | 462,846 | 18 | 356,794 | 63,700 | 420,494 | 18 | |||||||||||||||||||||
| Total Operating Income | $ | 2,049,691 | $ | 615,324 | $ | 2,665,015 | 15.1 | % | $ | 2,353,668 | $ | 105,947 | $ | 2,459,615 | 15.0 | % | |||||||||||||
| Year Ended | |||||||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||||||||
| As Reported (GAAP) | Business Optimization (1) | Adjusted (Non-GAAP) | Operating Margin (Non-GAAP) | As Reported (GAAP) | Business Optimization (2) | Adjusted (Non-GAAP) | Operating Margin (Non-GAAP) | ||||||||||||||||||||||
| Americas (3) | $ | 5,324,339 | $ | 420,469 | $ | 5,744,808 | 16 | % | $ | 5,079,651 | $ | 83,201 | $ | 5,162,852 | 16 | % | |||||||||||||
| EMEA | 3,090,993 | 131,980 | 3,222,973 | 13 | 2,803,610 | 248,724 | 3,052,334 | 13 | |||||||||||||||||||||
| Asia Pacific (3) | 1,810,332 | 62,875 | 1,873,207 | 19 | 1,712,586 | 106,515 | 1,819,101 | 19 | |||||||||||||||||||||
| Total Operating Income | $ | 10,225,664 | $ | 615,324 | $ | 10,840,988 | 15.6 | % | $ | 9,595,847 | $ | 438,440 | $ | 10,034,287 | 15.5 | % | |||||||||||||
(1)Costs recorded in connection with business optimization actions initiated in fiscal 2025, including $344 million for employee severance and $271 million for asset impairments primarily related to the divestiture of two acquisitions in the Americas.
(2)Costs recorded in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024, primarily for employee severance.
(3)During the first quarter of fiscal 2025, our Latin America market unit moved from Growth Markets to North America. With this change, North America became the Americas market and Growth Markets became the Asia Pacific market. Prior period amounts have been reclassified to conform with the current period presentation.
13
Accenture plc
Reconciliation of Net Income and Diluted Earnings Per Share, as Reported (GAAP), to Net Income and Diluted Earnings Per Share, as Adjusted (Non-GAAP)
(In thousands of U.S. dollars, except per share amounts)
(Unaudited)
| Three Months Ended | |||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||
| As Reported (GAAP) | Business Optimization (1) | Adjusted (Non-GAAP) | As Reported (GAAP) | Business Optimization (2) | Adjusted (Non-GAAP) | ||||||||||||||||||
| Operating Income | $ | 2,049,691 | $ | 615,324 | $ | 2,665,015 | $ | 2,353,668 | $ | 105,947 | $ | 2,459,615 | |||||||||||
| Operating Margin | 11.6 | % | 3.5 | % | 15.1 | % | 14.3 | % | 0.7 | % | 15.0 | % | |||||||||||
| Income before income taxes | 2,075,235 | 615,324 | 2,690,559 | 2,332,561 | 105,947 | 2,438,508 | |||||||||||||||||
| Income tax expense | 625,429 | 125,913 | 751,342 | 613,895 | 25,644 | 639,539 | |||||||||||||||||
| Net Income | $ | 1,449,806 | $ | 489,411 | $ | 1,939,217 | $ | 1,718,666 | $ | 80,303 | $ | 1,798,969 | |||||||||||
| Effective tax rate | 30.1 | % | 20.5 | % | 27.9 | % | 26.3 | % | 24.2 | % | 26.2 | % | |||||||||||
| Diluted earnings per share (3) | $ | 2.25 | $ | 0.78 | $ | 3.03 | $ | 2.66 | $ | 0.13 | $ | 2.79 | |||||||||||
| Year Ended | |||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | ||||||||||||||||||||||
| As Reported (GAAP) | Business Optimization (1) | Adjusted (Non-GAAP) | As Reported (GAAP) | Business Optimization (2) | Adjusted (Non-GAAP) | ||||||||||||||||||
| Operating Income | $ | 10,225,664 | $ | 615,324 | $ | 10,840,988 | $ | 9,595,847 | $ | 438,440 | $ | 10,034,287 | |||||||||||
| Operating Margin | 14.7 | % | 0.9 | % | 15.6 | % | 14.8 | % | 0.7 | % | 15.5 | % | |||||||||||
| Income before income taxes | 10,270,393 | 615,324 | 10,885,717 | 9,699,323 | 438,440 | 10,137,763 | |||||||||||||||||
| Income tax expense | 2,437,993 | 125,913 | 2,563,906 | 2,280,126 | 111,350 | 2,391,476 | |||||||||||||||||
| Net Income | $ | 7,832,400 | $ | 489,411 | $ | 8,321,811 | $ | 7,419,197 | $ | 327,090 | $ | 7,746,287 | |||||||||||
| Effective tax rate | 23.7 | % | 20.5 | % | 23.6 | % | 23.5 | % | 25.4 | % | 23.6 | % | |||||||||||
| Diluted earnings per share (3) | $ | 12.15 | $ | 0.78 | $ | 12.93 | $ | 11.44 | $ | 0.51 | $ | 11.95 | |||||||||||
(1)Costs recorded in connection with business optimization actions initiated in fiscal 2025, including $344 million for employee severance and $271 million for asset impairments primarily related to the divestiture of two acquisitions in the Americas.
(2)Costs recorded in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024, primarily for employee severance.
(3)The impact of business optimization costs on diluted earnings per share is presented net of related taxes. The income tax effect was negative $0.20 and negative $0.04 for the three months ended August 31, 2025 and August 31, 2024, respectively, and negative $0.20 and negative $0.18 for the fiscal year ended August 31, 2025 and August 31, 2024, respectively. This includes both the current and deferred income tax impact and was calculated by using the relevant tax rate of the country where the costs were recorded.
14
Accenture plc
Consolidated Balance Sheets
(In thousands of U.S. dollars)
| August 31, 2025 | August 31, 2024 | |||||||||||||
| (Unaudited) | ||||||||||||||
| ASSETS | ||||||||||||||
| CURRENT ASSETS: | ||||||||||||||
| Cash and cash equivalents | $ | 11,478,729 | $ | 5,004,469 | ||||||||||
| Short-term investments | 5,945 | 5,396 | ||||||||||||
| Receivables and contract assets | 14,985,073 | 13,664,847 | ||||||||||||
| Other current assets | 2,430,942 | 2,183,069 | ||||||||||||
| Total current assets | 28,900,689 | 20,857,781 | ||||||||||||
| NON-CURRENT ASSETS: | ||||||||||||||
| Contract assets | 180,362 | 120,260 | ||||||||||||
| Investments | 721,260 | 334,664 | ||||||||||||
| Property and equipment, net | 1,566,374 | 1,521,119 | ||||||||||||
| Lease assets | 2,740,321 | 2,757,396 | ||||||||||||
| Goodwill | 22,536,416 | 21,120,179 | ||||||||||||
| Other non-current assets | 8,749,475 | 9,220,964 | ||||||||||||
| Total non-current assets | 36,494,208 | 35,074,582 | ||||||||||||
| TOTAL ASSETS | $ | 65,394,897 | $ | 55,932,363 | ||||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||||
| CURRENT LIABILITIES: | ||||||||||||||
| Current portion of long-term debt and bank borrowings | $ | 114,484 | $ | 946,229 | ||||||||||
| Accounts payable | 2,695,589 | 2,743,807 | ||||||||||||
| Deferred revenues | 6,073,170 | 5,174,923 | ||||||||||||
| Accrued payroll and related benefits | 8,084,214 | 7,050,833 | ||||||||||||
| Lease liabilities | 729,003 | 726,202 | ||||||||||||
| Other accrued liabilities | 2,655,637 | 2,334,133 | ||||||||||||
| Total current liabilities | 20,352,097 | 18,976,127 | ||||||||||||
| NON-CURRENT LIABILITIES: | ||||||||||||||
| Long-term debt | 5,034,169 | 78,628 | ||||||||||||
| Lease liabilities | 2,305,210 | 2,369,490 | ||||||||||||
| Other non-current liabilities | 5,462,454 | 5,339,870 | ||||||||||||
| Total non-current liabilities | 12,801,833 | 7,787,988 | ||||||||||||
| Total Accenture plc shareholders’ equity | 31,195,446 | 28,288,646 | ||||||||||||
| Noncontrolling interest | 1,045,521 | 879,602 | ||||||||||||
| Total Shareholders' Equity | 32,240,967 | 29,168,248 | ||||||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 65,394,897 | $ | 55,932,363 | ||||||||||
15
Accenture plc
Consolidated Cash Flows Statements
(In thousands of U.S. dollars)
(Unaudited)
| Three Months Ended | Year Ended | |||||||||||||||||||||||||
| August 31, 2025 | August 31, 2024 | August 31, 2025 | August 31, 2024 | |||||||||||||||||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||||
| Net income | $ | 1,449,806 | $ | 1,718,666 | $ | 7,832,400 | $ | 7,419,197 | ||||||||||||||||||
| Depreciation, amortization and other | 758,932 | 596,405 | 2,441,594 | 2,168,038 | ||||||||||||||||||||||
| Share-based compensation expense | 439,547 | 402,788 | 2,093,878 | 1,941,590 | ||||||||||||||||||||||
| Change in assets and liabilities/other, net | 1,265,862 | 671,572 | (893,473) | (2,397,798) | ||||||||||||||||||||||
| Net cash provided by (used in) operating activities | 3,914,147 | 3,389,431 | 11,474,399 | 9,131,027 | ||||||||||||||||||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||||
| Purchases of property and equipment | (107,915) | (213,636) | (600,039) | (516,509) | ||||||||||||||||||||||
| Purchases of businesses and investments, net of cash acquired | (681,760) | (1,343,522) | (1,471,255) | (6,582,702) | ||||||||||||||||||||||
| Proceeds from the sale of businesses and investments, net of cash transferred | 14,086 | 7,816 | 36,834 | 28,721 | ||||||||||||||||||||||
| Other investing, net | 4,299 | 2,168 | 14,810 | 8,672 | ||||||||||||||||||||||
| Net cash provided by (used in) investing activities | (771,290) | (1,547,174) | (2,019,650) | (7,061,818) | ||||||||||||||||||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||||
| Proceeds from issuance of ordinary shares | 156,110 | 150,808 | 1,353,753 | 1,418,131 | ||||||||||||||||||||||
| Purchases of shares | (473,888) | (628,430) | (4,619,497) | (4,524,646) | ||||||||||||||||||||||
| Proceeds from (repayments of) debt, net | — | (671,246) | 4,129,200 | 827,787 | ||||||||||||||||||||||
| Cash dividends paid | (921,725) | (807,869) | (3,700,169) | (3,241,479) | ||||||||||||||||||||||
| Other financing, net | (35,571) | (472,213) | (111,621) | (543,301) | ||||||||||||||||||||||
| Net cash provided by (used in) financing activities | (1,275,074) | (2,428,950) | (2,948,334) | (6,063,508) | ||||||||||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | (20,661) | 53,945 | (32,155) | (46,264) | ||||||||||||||||||||||
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,847,122 | (532,748) | 6,474,260 | (4,040,563) | ||||||||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | 9,631,607 | 5,537,217 | 5,004,469 | 9,045,032 | ||||||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | 11,478,729 | $ | 5,004,469 | $ | 11,478,729 | $ | 5,004,469 | ||||||||||||||||||
16