A global professional services company, Accenture helps major corporations and governments reinvent themselves through strategy, consulting, technology, and operations, and counts most of the world's largest businesses among its long-term clients. It grew out of the consulting arm of accounting firm Arthur Andersen, which split off as Andersen Consulting in 1989 before going its own way in 2001. The name came from an employee contest—Danish consultant Kim Petersen coined "Accenture" as a play on "accent on the future," and won a trip to a golf tournament in Australia for it.
Q3 FY2026 new bookings fell 2% to $19.3B as managed services bookings dropped 15%
New slipped after the prior quarter's rebound. rose 5.6% to $18.7B with up 8.9% to $3.80 and at 17.0%, driven by revenue growth of 8% even as managed services bookings fell 15%. The managed-services pipeline pause has returned, leaving conversion as the open question.
Key takeaways
New declined 2% to $19.3B, with bookings down 15% partially offset by 13% bookings growth, reversing the Q1 FY2026 rebound to $20.9B.
rose 5.6% to $18.7B (3% ), led by 8% revenue growth while rose 4%, and EMEA was the strongest region at 10% USD growth.
improved 0.1 point to 17.0% as lower payroll costs largely offset higher ; rose 8.9% to $3.80.
Section summaries
Management's Discussion and Analysis
Q3 FY2026 revenue rose 6% to $18.7B with operating margin expanding to 17.0%, driven by managed services growth.
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Total revenues grew 6% in USD and 3% in , led by 8% managed services growth while consulting rose only 4%.
was 31.9%, down 0.1 point , continuing the payroll-cost pressure seen in FY2025's 31.9% reading.
Nine-month increased $1.7B to $9.3B, and the company returned $2.2B to shareholders in Q3 via $1.2B repurchases and $1.0B dividends.
What changed
Q3 FY2026 new fell 2% to $19.3B, answering the Q2 watch item on whether the Q1 $20.9B rebound held — it did not, as bookings dropped 15%.
Q3 FY2026 was 31.9%, down 0.1 point from a year ago, confirming the Q2 watch item that subcontractor-cost relief (30.3%) did not fully hold against payroll pressure.
The DOJ investigation into security-control submissions and U.S. federal spending cuts were restated with no material change from the FY2025 10-K risk factors.
Business optimization costs from the $308M Q1 charge were not separately quantified this quarter; the pace through FY2026 remains unupdated.
, integrated effective September 1 2025, completed its first full quarter of reporting with no separate disclosure in this 10-Q.
What to watch
Q4 FY2026 new to confirm whether the 15% managed-services bookings drop is a reversal or a one-quarter pause
Next disclosure on the DOJ investigation into and the magnitude of federal spending cuts on AFS
Q4 FY2026 for whether payroll-cost pressure continues after the 31.9% reading
FY2026 business optimization cost total as the $308M Q1 charge develops
improved 20 to 17.0% as lower payroll costs largely offset higher subcontractor expenses.
declined 2% to $19.3B, with a 15% drop in managed services partially offset by 13% consulting bookings growth.
EMEA delivered the strongest regional growth at 10% in USD, while the Americas grew only 2%.
Nine-month increased $1.7B to $9.3B, driven by higher and favorable timing.
The company returned $2.2B to shareholders in Q3 via $1.0B in dividends and $1.2B in share repurchases.
Quantitative and Qualitative Disclosures About Market Risk
During the nine months ended May 31, 2026, there were no material changes to the information on market risk exposure disclosed in our Annual Report on Form 10-K for the year ended August 31, 2025. For a discussion of our market risk associated with foreign currency risk, interes…
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During the nine months ended May 31, 2026, there were no material changes to the information on market risk exposure disclosed in our Annual Report on Form 10-K for the year ended August 31, 2025. For a discussion of our market risk associated with foreign currency risk, interest rate risk and equity investment risk as of August 31, 2025, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A, of our Annual Report on Form 10-K for the year ended August 31, 2025.
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.”
The information set forth under “Legal Contingencies” in Note 11 (Commitments and Contingencies) to our Consolidated Financial Statements under Part I, Item 1, “Financial Statements,” is incorporated herein by reference.
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The information set forth under “Legal Contingencies” in Note 11 (Commitments and Contingencies) to our Consolidated Financial Statements under Part I, Item 1, “Financial Statements,” is incorporated herein by reference.
For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2025. There have been no material changes to the risk factors disclosed in our Annual Report.
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For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2025. There have been no material changes to the risk factors disclosed in our Annual Report.