The following discussion and analysis should be read in conjunction with our Consolidated Financial Statements and related Notes included elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended August 31, 2025, and with the information under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended August 31, 2025. We use the terms “Accenture,” “we,” “our” and “us” in this report to refer to Accenture plc and its subsidiaries. All references to years, unless otherwise noted, refer to our fiscal year, which ends on August 31. For example, a reference to “fiscal 2026” means the 12-month period that will end on August 31, 2026. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year. We use the term “in local currency” so that certain financial results may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. 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. Disclosure Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” “strategy,” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to those identified below. Many of the following risks, uncertainties and other factors identified below may be amplified by conflict in the Middle East, as well as any escalation or expansion of economic disruption or the conflict’s current scope. Business Risks •Our 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 our clients’ businesses and levels of business activity. •Our business depends on generating and maintaining client demand for our solutions and services, including through the adaptation and expansion of our solutions and services 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 our results of operations. •Risks and uncertainties related to the development and use of AI, including advanced AI, could harm our business, damage our reputation or give rise to legal or regulatory action. •If we are unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected. •We face legal, reputational and financial risks from any failure to protect client and/or Accenture data from security incidents or cyberattacks. •The markets in which we operate are highly competitive, and we might not be able to compete effectively. •If we do not successfully manage and develop our relationships with our ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected. •Our ability to attract and retain business and employees may depend on our reputation in the marketplace. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 25 Financial Risks •Our profitability could materially suffer due to pricing pressure, if we are unable to remain competitive, if our cost-management strategies are unsuccessful or if we experience delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels. •Changes in our 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 our effective tax rate, results of operations, cash flows and financial condition. •Our results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates. •Our debt obligations could adversely affect our business and financial condition. Operational Risks •As a result of our geographically diverse operations and our strategy to continue to grow in our key markets around the world, we are more susceptible to certain risks. •If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives. •We might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses. Legal and Regulatory Risks •Our business could be materially adversely affected if we incur legal liability. •Our work with government clients exposes us to additional risks inherent in the government contracting environment. •Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business. •If we are unable to protect or enforce our intellectual property rights, or if our solutions or services infringe upon the intellectual property rights of others or we lose our ability to utilize the intellectual property of others, our business could be adversely affected. •We are incorporated in Ireland and Irish law differs from the laws in effect in the United States and might afford less protection to our shareholders. We may also be subject to criticism and negative publicity related to our incorporation in Ireland. For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2025. Our forward-looking statements speak only as of the date of this report or as of the date they are made, and we undertake no obligation to update any forward-looking statements. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 26 Overview Accenture helps enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed for organizations across industries. We bring together the talent of our people, with proprietary assets and platforms, deep process and industry expertise, and ecosystem relationships to deliver end-to-end solutions and measurable outcomes at scale. Through our Reinvention Services, we offer broad expertise across Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song, Supply Chain and Engineering and Talent, with advanced capabilities in AI and Data, Industry and Process, and Technology. We serve clients in three geographic markets: the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific. Our results of operations are affected by economic conditions, including macroeconomic conditions, the overall inflationary environment, new and rapidly changing technologies, and levels of business confidence. We continue to see significant economic and geopolitical uncertainty in many markets around the world, including as a result of conflict in the Middle East, which has impacted and may continue to impact our business. While the discretionary environment is unchanged, clients continue to prioritize large-scale transformations, which include becoming AI-ready. Key Metrics Key metrics for the third quarter of fiscal 2026 compared to the third quarter of fiscal 2025 are included below. •Revenues of $18.7 billion, an increase of 6% in U.S. dollars and 3% in local currency; •New bookings of $19.3 billion, a decrease of 2% in U.S. dollars and 3% in local currency; •Operating margin of 17.0%, compared to operating margin of 16.8% in the third quarter of fiscal 2025; •Diluted earnings per share of $3.80, compared to diluted earnings per share of $3.49, a 9% increase over the third quarter of fiscal 2025; •Cash returned to shareholders of $2.2 billion, including dividends of $1.0 billion and share purchases of $1.2 billion. Revenues Three Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency Percent of Revenues for the Three Months Ended (in billions of U.S. dollars) May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025 Geographic Markets Americas $ 9.1 $ 9.0 2 % 1 % 49 % 51 % EMEA 6.9 6.2 10 4 37 35 Asia Pacific 2.7 2.5 7 8 14 14 Total Revenues $ 18.7 $ 17.7 6 % 3 % 100 % 100 % Industry Groups Communications, Media & Technology $ 3.2 $ 2.9 10 % 9 % 17 % 16 % Financial Services 3.5 3.3 6 3 19 18 Health & Public Service 3.8 3.8 2 — 21 21 Products 5.7 5.3 6 3 30 30 Resources 2.5 2.4 3 1 13 14 Total Revenues $ 18.7 $ 17.7 6 % 3 % 100 % 100 % Type of Work Consulting $ 9.3 $ 9.0 4 % 1 % 50 % 51 % Managed Services 9.4 8.7 8 5 50 49 Total Revenues $ 18.7 $ 17.7 6 % 3 % 100 % 100 % Amounts in table may not total due to rounding. Revenues for the third quarter of fiscal 2026 increased 6% in U.S. dollars and 3% in local currency compared to the third quarter of fiscal 2025. During the third quarter of fiscal 2026, revenue growth in local currency was very strong in Asia Pacific, solid in EMEA and slight in the Americas. We experienced local currency revenue growth that was very strong in Communications, Media & Technology, modest in Financial Services and Products, slight in Resources and flat in Health & Public Service. Revenue growth in local currency was solid in managed services and slight in consulting. While the business environment remained competitive, pricing was relatively stable. We define pricing as the contract profitability or margin on the work that we sell. In our consulting business, revenues for the third quarter of fiscal 2026 increased 4% in U.S. dollars and 1% in local currency compared to the third quarter of fiscal 2025. Consulting revenue growth in local currency for the third quarter of fiscal 2026 was driven by very strong growth in Asia Pacific, while the Americas and EMEA were flat. Our consulting revenue continues to be Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 27 driven by helping our clients accelerate their reinvention, leveraging cloud, enterprise platforms, security, AI and data, including advanced AI, as well as our change capabilities to help clients build new skills and drive the successful adoption of new processes and technologies. In addition, clients continue to be focused on initiatives designed to deliver cost savings, supply chain and operational resilience, as well as to accelerate growth and improve customer experiences. While we continue to experience demand for these services, we also continue to see a slower pace and level of client spending, particularly for smaller contracts with a shorter duration. In our managed services business, revenues for the third quarter of fiscal 2026 increased 8% in U.S. dollars and 5% in local currency compared to the third quarter of fiscal 2025. Managed services revenue growth in local currency for the third quarter of fiscal 2026 was driven by very strong growth in EMEA, strong growth in Asia Pacific and modest growth in the Americas. We continue to assist clients with reinvented operations, application development and maintenance, and infrastructure management including cloud and security. Clients continue to be focused on transforming their operations through technology, AI and data, and leveraging our proprietary assets and platforms and talent to drive productivity and cost savings. As we are a global company, our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations. While a significant portion of our revenues are in U.S. dollars, the majority of our revenues are denominated in other currencies, including the Euro, U.K. pound and Japanese yen. There continues to be volatility in foreign currency exchange rates. Unfavorable fluctuations in foreign currency exchange rates have had and could in the future have a material effect on our financial results. If the U.S. dollar weakens against other currencies, resulting in favorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be higher. If the U.S. dollar strengthens against other currencies, resulting in unfavorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be lower. The U.S. dollar weakened against various currencies during the three and nine months ended May 31, 2026 compared to the three and nine months ended May 31, 2025, resulting in favorable currency translation and U.S. dollar revenue growth that was approximately 2.5% and 2.7% higher, respectively, than our revenue growth in local currency. Assuming that exchange rates stay within recent ranges for the remainder of fiscal 2026, we estimate that our full fiscal 2026 revenue growth in U.S. dollars will be approximately 2% higher than our revenue growth in local currency. People Metrics Utilization Workforce Annualized Voluntary Attrition 93% 799,000 14% compared to 92% in the third quarter of fiscal 2025 compared to approximately 791,000 as of May 31, 2025 compared to 16% in the third quarter of fiscal 2025 Utilization for the third quarter of fiscal 2026 was 93%, compared to 92% in the third quarter of fiscal 2025. We hire to meet current and projected future demand. We proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our solutions and services, given that compensation costs are the most significant portion of our operating expenses. Our workforce, the majority of which serves our clients, was approximately 799,000 as of May 31, 2026, compared to approximately 779,000 as of August 31, 2025 and 791,000 as of May 31, 2025. For the third quarter of fiscal 2026, annualized attrition, excluding involuntary terminations, was 14%, down from 16% in the third quarter of fiscal 2025. We evaluate voluntary attrition, adjust levels of new hiring and use involuntary terminations as a means to keep our supply of skills and resources in balance with changes in client demand. In addition, we adjust compensation to provide market relevant pay based on the skills of our people and locations where we operate. We also consider a variety of factors, including the macroeconomic environment, in making our decisions around pay and benefits. We strive to adjust pricing as well as drive cost and delivery efficiencies, such as changing the mix of people and utilizing technology, to reduce the impact of compensation increases on our margin and contract profitability. Our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to: match people and skills with the types or amounts of solutions and services clients are demanding; recover or offset (increases) in compensation; deploy our employees globally on a timely basis; manage attrition; and/or effectively assimilate new employees. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 28 New Bookings Three Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency Nine Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency (in billions of U.S. dollars) May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025 Consulting $ 10.3 $ 9.1 13 % 11 % $ 31.5 $ 28.8 9 % 6 % Managed Services 9.1 10.6 (15) % (16) % 30.9 30.5 1 % (1) % Total New Bookings $ 19.3 $ 19.7 (2) % (3) % $ 62.4 $ 59.3 5 % 2 % Amounts in table may not total due to rounding. We provide information regarding our new bookings, which include new contracts, including those acquired through acquisitions, as well as renewals, extensions and changes to existing contracts, because we believe doing so provides useful trend information regarding changes in the volume of our new business over time. New bookings can vary significantly quarter to quarter depending in part on the timing of the signing of a small number of large managed services contracts. The types of solutions and services clients are demanding and the pace and level of their spending may impact the conversion of new bookings to revenues. For example, managed services bookings, which are typically for multi-year contracts, generally convert to revenue over a longer period of time compared to consulting bookings. Information regarding our new bookings is not comparable to, nor should it be substituted for, an analysis of our revenues over time. New bookings involve estimates and judgments. There are no third-party standards or requirements governing the calculation of bookings. We do not update our new bookings for material subsequent terminations or reductions related to bookings originally recorded in prior fiscal years. New bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Only the non-cancelable portion of these contracts is included in our remaining performance obligations disclosed in Note 2 (Revenues) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Accordingly, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 29 Results of Operations for the Three and Nine Months Ended May 31, 2026 Compared to the Three and Nine Months Ended May 31, 2025 Revenues Revenues by geographic market, industry group and type of work are as follows: Three Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency Nine Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency (in millions of U.S. dollars) May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025 Geographic Markets Americas $ 9,138 $ 8,966 2 % 1 % $ 27,114 $ 26,252 3 % 3 % EMEA 6,873 6,232 10 4 20,378 18,448 10 3 Asia Pacific 2,707 2,530 7 8 8,012 7,377 9 9 Total $ 18,718 $ 17,728 6 % 3 % $ 55,504 $ 52,077 7 % 4 % Industry Groups Communications, Media & Technology $ 3,218 $ 2,912 10 % 9 % $ 9,411 $ 8,500 11 % 9 % Financial Services 3,489 3,279 6 3 10,486 9,458 11 7 Health & Public Service 3,845 3,778 2 — 11,312 11,199 1 (1) Products 5,669 5,344 6 3 16,887 15,821 7 3 Resources 2,498 2,415 3 1 7,408 7,098 4 2 Total $ 18,718 $ 17,728 6 % 3 % $ 55,504 $ 52,077 7 % 4 % Type of Work Consulting $ 9,328 $ 9,007 4 % 1 % $ 27,603 $ 26,335 5 % 2 % Managed Services 9,390 8,721 8 5 27,902 25,742 8 6 Total $ 18,718 $ 17,728 6 % 3 % $ 55,504 $ 52,077 7 % 4 % Amounts in table may not total due to rounding. Geographic Markets The following revenues commentary discusses the primary drivers of local currency revenue changes by geographic market for the three and nine months ended May 31, 2026 compared to the three and nine months ended May 31, 2025: Americas •Three Months. Revenues increased 1% in local currency, led by growth in Software & Platforms, High Tech and Industrials, partially offset by a decline in Public Service. Revenue growth was driven by the United States. •Nine Months. Revenues increased 3% in local currency, led by growth in Banking & Capital Markets, Industrials and Software & Platforms, partially offset by a decline in Public Service, driven by our U.S. federal business. Revenue growth was driven by the United States. EMEA •Three Months. Revenues increased 4% in local currency, led by growth in Public Service and Software & Platforms. Revenue growth was driven by the United Kingdom and Italy, partially offset by a decline in Germany. •Nine Months. Revenues increased 3% in local currency, led by growth in Public Service, Insurance and Banking & Capital Markets. Revenue growth was driven by the United Kingdom and Italy. Asia Pacific •Three Months. Revenues increased 8% in local currency, led by growth in Public Service, Banking & Capital Markets and Insurance. Revenue growth was driven by Japan, Australia and Singapore. •Nine Months. Revenues increased 9% in local currency, led by growth in Banking & Capital Markets, Public Service and Communications & Media. Revenue growth was driven by Japan, Australia and Singapore. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 30 Operating Expenses Operating expenses for the third quarter of fiscal 2026 increased $798 million, or 5%, compared to the third quarter of fiscal 2025, and decreased as a percentage of revenues to 83.0% from 83.2% during this period. Operating expenses for the nine months ended May 31, 2026 increased $3,061 million, or 7%, compared to the nine months ended May 31, 2025, and increased as a percentage of revenues to 84.6% over 84.3% during this period. The primary categories of operating expenses include Cost of services, Sales and marketing and General and administrative costs. Cost of services is primarily driven by the cost of people serving our clients, which consists mainly of compensation and other payroll costs, as well as non-payroll costs such as subcontractors, facilities, technology and travel. Cost of services and the related gross margin may be impacted by several factors, including contract profitability, which includes the pricing on the work that we sell, as well as by the investments we make in our business, such as research and development to build assets, platforms and industry and functional solutions and strategic acquisitions, as well as in our people, such as total rewards and learning and professional development. Sales and marketing costs are driven primarily by compensation costs for business development activities; marketing- and advertising-related activities; and certain acquisition-related costs. General and administrative costs primarily include costs for people that are non-client-facing, information systems, office space and certain acquisition-related costs. Operating expenses by category are as follows: Three Months Ended Nine Months Ended (in millions of U.S. dollars) May 31, 2026 May 31, 2025 Increase (Decrease) May 31, 2026 May 31, 2025 Increase (Decrease) Operating Expenses $ 15,543 83.0 % $ 14,745 83.2 % $ 798 $ 46,962 84.6 % $ 43,901 84.3 % $ 3,061 Cost of services 12,584 67.2 11,901 67.1 683 37,714 67.9 35,452 68.1 2,261 Sales and marketing 1,811 9.7 1,762 9.9 49 5,435 9.8 5,250 10.1 184 General and administrative costs 1,148 6.1 1,081 6.1 67 3,506 6.3 3,198 6.1 308 Business optimization costs — — — — — 308 0.6 — — 308 Amounts in table may not total due to rounding. Cost of Services Cost of services for the third quarter of fiscal 2026 increased $683 million, or 6%, over the third quarter of fiscal 2025, and increased as a percentage of revenues to 67.2% compared to 67.1% during this period. Gross margin for the third quarter of fiscal 2026 decreased as a percentage of revenues to 32.8% compared to 32.9% during the third quarter of fiscal 2025. The decrease in gross margin was primarily due to higher non-payroll costs, including higher subcontractor costs, largely offset by lower payroll costs. Cost of services for the nine months ended May 31, 2026 increased $2,261 million, or 6%, over the nine months ended May 31, 2025, and decreased as a percentage of revenues to 67.9% compared to 68.1% during this period. Gross margin for the nine months ended May 31, 2026 increased as a percentage of revenues to 32.1% compared to 31.9% during the nine months ended May 31, 2025. The increase in gross margin was primarily due to lower payroll costs, partially offset by an increase in non-payroll costs. Sales and Marketing Sales and marketing expense for the third quarter of fiscal 2026 increased $49 million, or 3%, over the third quarter of fiscal 2025, and decreased as a percentage of revenues to 9.7% from 9.9% during this period. Sales and marketing expense for the nine months ended May 31, 2026 increased $184 million, or 4%, over the nine months ended May 31, 2025, and decreased as a percentage of revenues to 9.8% from 10.1% during this period. The decrease as a percentage of revenues for the nine months ended May 31, 2026 was primarily due to lower selling and business development costs. General and Administrative Costs General and administrative costs for the third quarter of fiscal 2026 increased $67 million, or 6%, over the third quarter of fiscal 2025, and remained flat as a percentage of revenues at 6.1% during this period. General and administrative costs for the nine months ended May 31, 2026 increased $308 million, or 10%, over the nine months ended May 31, 2025, and increased as a percentage of revenues to 6.3% over 6.1% during this period. Business Optimization Costs During the first quarter of fiscal 2026, we completed our six-month business optimization program and recorded $308 million, primarily for employee severance. For additional information, see Note 12 (Segment Reporting) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 31 Non-GAAP Financial Measures We have presented operating income, operating margin, effective tax rate and diluted earnings per share on a non-GAAP or “adjusted” basis excluding the business optimization costs recorded in fiscal 2026 as we believe doing so facilitates understanding as to the impact of this item and our performance in comparison to the prior periods. While we believe that this non-GAAP financial information is useful in evaluating our 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. Operating Income and Operating Margin Operating income and operating margin for each of the geographic markets are as follows: Three Months Ended Nine Months Ended May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025 (in millions of U.S. dollars) Operating Income Operating Margin Operating Income Operating Margin Increase (Decrease) Operating Income Operating Margin Operating Income Operating Margin Increase (Decrease) Americas $ 1,708 19 % $ 1,720 19 % $ (12) $ 4,628 17 % $ 4,337 17 % $ 291 EMEA 994 14 753 12 241 2,571 13 2,428 13 143 Asia Pacific 473 17 510 20 (37) 1,343 17 1,410 19 (68) Total $ 3,175 17.0 % $ 2,983 16.8 % $ 193 $ 8,543 15.4 % $ 8,176 15.7 % $ 367 Amounts in table may not total due to rounding. Operating income for the third quarter of fiscal 2026 increased $193 million, or 6%, compared with the third quarter of fiscal 2025. Operating margin for the third quarter of fiscal 2026 was 17.0%, compared with 16.8% for the third quarter of fiscal 2025. Operating income for the nine months ended May 31, 2026 increased $367 million, or 4%, compared with the nine months ended May 31, 2025. Operating margin for the nine months ended May 31, 2026 was 15.4%, compared with 15.7% for the nine months ended May 31, 2025. Geographic Markets We estimate that the aggregate percentage impact of foreign currency exchange rates on our operating income during the three and nine months ended May 31, 2026 was similar to that disclosed for revenue for each geographic market. Additionally, payroll costs for our geographic markets increased in line with revenues, except as described below. The commentary below provides insight into other factors affecting geographic market performance and operating income for the three and nine months ended May 31, 2026 compared with the three and nine months ended May 31, 2025: Americas •Three Months. Operating income decreased as revenue growth was offset by higher non-payroll costs. •Nine Months. Operating income increased due to revenue growth, partially offset by the impact of business optimization costs. EMEA •Three Months. Operating income increased due to revenue growth in local currency and the positive impact of foreign currency exchange rates, which resulted in an increase in U.S. dollar revenues and lower payroll costs as a percentage of revenues, partially offset by higher non-payroll costs, including an increase in sub-contractor costs. •Nine Months. Operating income increased due to revenue growth in local currency and the positive impact of foreign currency exchange rates, which resulted in an increase in U.S. dollar revenues, partially offset by higher non-payroll costs and the impact of business optimization costs. Asia Pacific •Three Months. Operating income decreased as revenue growth was offset by higher non-payroll costs, including an increase in facility and technology costs. •Nine Months. Operating income decreased as revenue growth was offset by higher non-payroll costs and the impact of business optimization costs. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 32 Operating Income and Operating Margin Excluding Business Optimization Costs (Non-GAAP) The business optimization costs reduced operating margin for the nine months ended May 31, 2026 by approximately 60 basis points. Adjusted operating margin for the nine months ended May 31, 2026 was 15.9%. Nine Months Ended May 31, 2026 May 31, 2025 (in millions of U.S. dollars) Operating Income (GAAP) Business Optimization (1) Operating Income (Non-GAAP) Operating Margin (Non-GAAP) Operating Income (GAAP) Operating Margin (GAAP) Increase (Decrease) Americas $ 4,628 $ 67 $ 4,695 17 % $ 4,337 17 % $ 358 EMEA 2,571 170 2,741 13 2,428 13 313 Asia Pacific 1,343 71 1,414 17 1,410 19 3 Total $ 8,543 $ 308 $ 8,850 15.9 % $ 8,176 15.7 % $ 674 Amounts in tables may not total due to rounding. (1)Costs recorded in connection with business optimization actions initiated during the fourth quarter of fiscal 2025 and completed during the first quarter of fiscal 2026, primarily for employee severance. Interest Income Interest income for the third quarter of fiscal 2026 was $75 million, a decrease of $4 million, or 5%, from the third quarter of fiscal 2025. Interest income for the nine months ended May 31, 2026 was $260 million, an increase of $29 million, or 12%, over the nine months ended May 31, 2025. The increase for the nine months ended May 31, 2026 was primarily due to a higher average cash balance. Interest Expense Interest expense for the third quarter of fiscal 2026 was $71 million, an increase of $3 million, or 5%, over the third quarter of fiscal 2025. Interest expense for the nine months ended May 31, 2026 was $200 million, an increase of $37 million, or 23%, over the nine months ended May 31, 2025. The increase for the nine months ended May 31, 2026 was primarily due to a higher average long-term debt balance. Other Income (Expense), net Other income (expense), net primarily consists of foreign currency gains and losses, non-operating components of pension expense, as well as gains and losses associated with our investments. During the three and nine months ended May 31, 2026, Other income (expense), net increased $13 million and $21 million over the three and nine months ended May 31, 2025, respectively, primarily due to lower foreign currency exchange losses. Income Tax Expense The effective tax rates for the third quarter of fiscal 2026 and 2025 were 24.2% and 24.0%, respectively. The effective tax rates for the nine months ended May 31, 2026 and 2025 were 24.3% and 22.1%, respectively. The higher effective tax rate for the nine months ended May 31, 2026 was primarily due to reduced tax benefits from share-based payments and adjustments to prior year tax liabilities. Income Tax Expense Excluding Business Optimization Costs (Non-GAAP) Excluding the business optimization costs of $308 million, and related reduction in tax expense of $57 million, our adjusted effective tax rate was 24.1% for the nine months ended May 31, 2026. Earnings Per Share Diluted earnings per share were $3.80 for the third quarter of fiscal 2026, compared with $3.49 for the third quarter of fiscal 2025. Diluted earnings per share were $10.27 for the nine months ended May 31, 2026, compared with $9.90 for the nine months ended May 31, 2025. For information regarding our earnings per share calculations, see Note 3 (Earnings Per Share) to our Consolidated Financial Statements under Item 1, “Financial Statements.” The increase in diluted earnings per share for the third quarter of fiscal 2026 compared to the third quarter of fiscal 2025 was due to the following factors: Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 33 Three Months Ended May 31, 2025 As Reported $ 3.49 Higher revenue and operating results 0.23 Lower share count 0.09 Higher effective tax rate (0.01) May 31, 2026 As Reported $ 3.80 Earnings Per Share Excluding Business Optimization Costs (Non-GAAP) The business optimization costs of $250 million, net of related taxes, decreased diluted earnings per share by $0.40 for the nine months ended May 31, 2026. Adjusted diluted earnings per share were $10.67 for the nine months ended May 31, 2026. Nine Months Ended May 31, 2025 As Reported $ 9.90 May 31, 2026 As Reported $ 10.27 Business optimization costs 0.49 Tax effect of business optimization costs (1) (0.09) May 31, 2026 As Adjusted $ 10.67 (1)The income tax effect of business optimization costs includes both the current and deferred income tax impact and was calculated by using the relevant tax rate of the country where the adjustments were recorded. The increase in adjusted diluted earnings per share for the nine months ended May 31, 2026 compared to diluted earnings per share for the nine months ended May 31, 2025 was due to the following factors: Nine Months Ended May 31, 2025 As Reported $ 9.90 Higher revenue and operating results 0.83 Lower share count 0.20 Higher non-operating income 0.02 Lower net income attributable to noncontrolling interests 0.01 Higher effective tax rate (0.29) May 31, 2026 As Adjusted $ 10.67 Liquidity and Capital Resources As of May 31, 2026, Cash and cash equivalents was $10.2 billion, compared with $11.5 billion as of August 31, 2025. Cash flows from operating, investing and financing activities, as reflected in our Consolidated Cash Flows Statements, are summarized in the following table: Nine Months Ended (in millions of U.S. dollars) May 31, 2026 May 31, 2025 Change Net cash provided by (used in): Operating activities $ 9,268 $ 7,560 $ 1,708 Investing activities (3,452) (1,248) (2,204) Financing activities (7,091) (1,673) (5,417) Effect of exchange rate changes on cash and cash equivalents (39) (11) (27) Net increase (decrease) in cash and cash equivalents $ (1,313) $ 4,627 $ (5,941) Amounts in table may not total due to rounding Operating activities: The $1,708 million increase in operating cash flows was primarily due to higher net income, higher accruals for certain compensation payments reflected in accrued payroll and benefits, and the timing of vendor accruals and payments in accounts payable and other current and non-current liabilities. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 34 Investing activities: The $2,204 million increase in cash used was primarily due to higher spending on business acquisitions. For additional information, see Note 5 (Business Combinations) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Financing activities: The $5,417 million increase in cash used was primarily due to lower net proceeds from borrowings and higher net purchases of shares. For additional information, see Note 9 (Borrowings and Indebtedness) to our Consolidated Financial Statements under Item 1, “Financial Statements.” We believe that our current and longer-term working capital, investments and other general corporate funding requirements will be satisfied for the next twelve months and thereafter through cash flows from operations and, to the extent necessary, from our borrowing facilities and future financial market activities. Substantially all of our cash is held in jurisdictions where there are no regulatory restrictions or material tax effects on the free flow of funds. Domestic cash inflows for our Irish parent, principally dividend distributions from lower-tier subsidiaries, have been sufficient to meet our historic cash requirements, and we expect this to continue into the future. Borrowings and Indebtedness On September 30, 2024, we filed a registration statement on Form S-3, pursuant to which Accenture plc’s wholly owned finance subsidiaries Accenture Capital and Accenture Global Capital DAC may issue debt securities. As of May 31, 2026, we had outstanding long-term debt in the form of senior unsecured notes issued by Accenture Capital in an aggregate principal amount of $5 billion, which mature from 2027 through 2034. Accenture plc fully and unconditionally guarantees these notes, as well as all future debt securities that may be issued by these entities. For additional information regarding our outstanding borrowings, credit facilities and other debt, see Note 9 (Borrowings and Indebtedness) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Share Purchases and Redemptions The Board of Directors of Accenture plc has authorized funding for our publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares and for purchases and redemptions of Accenture plc Class A ordinary shares and Accenture Canada Holdings Inc. exchangeable shares held by current and former members of Accenture Leadership and their permitted transferees. Our share purchase activity during the nine months ended May 31, 2026 is as follows: Accenture plc Class A Ordinary Shares Accenture Canada Holdings Inc. Exchangeable Shares (in millions of U.S. dollars, except share amounts) Shares Amount Shares Amount Open-market share purchases (1) 19,967,485 $ 4,605 — $ — Other share purchase programs — — 7,485 2 Other purchases (2) 2,300,842 586 — — Total 22,268,327 $ 5,191 7,485 $ 2 (1)We conduct a publicly announced open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees. (2)During the nine months ended May 31, 2026, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs. We intend to continue to use a portion of cash generated from operations for share repurchases during the remainder of fiscal 2026. The number of shares ultimately repurchased under our open-market share purchase program may vary depending on numerous factors, including, without limitation, share price and other market conditions, our ongoing capital allocation planning, the levels of cash and debt balances, other demands for cash, such as acquisition activity, general economic and/or business conditions, and board and management discretion. Additionally, as these factors may change over the course of the year, the amount of share repurchase activity during any particular period cannot be predicted and may fluctuate from time to time. Share repurchases may be made from time to time through open-market purchases, in respect of purchases and redemptions of Accenture Canada Holdings Inc. exchangeable shares, through the use of Rule 10b5-1 plans and/or by other means. The repurchase program may be accelerated, suspended, delayed or discontinued at any time, without notice. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 35 Off-Balance Sheet Arrangements In the normal course of business and in conjunction with some client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters. To date, we have not been required to make any significant payment under any of the arrangements described above. For further discussion of these transactions, see Note 11 (Commitments and Contingencies) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Significant Accounting Policies See Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”