What changed in this filing

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Item 9A. Controls and Procedures

2025-10-10 compared with 2024-10-10 · 167 added, 112 removed, 1488 unchanged (16% of the section changed)

Controls and Procedures 45

provide reasonable assurance that the transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of management and our Board of Directors;

provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

Due to its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate due to changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013).

Based on its evaluation, our management concluded that our internal control over financial reporting was effective as of the end of the fiscal year covered by this Annual Report on Form 10-K.

KPMG LLP, an independent registered public accounting firm, has audited the Consolidated Financial Statements included in this Annual Report on Form 10-K and, as part of their audit, has issued its attestation report, included herein, on the effectiveness of our internal control over financial reporting.

See “Report of Independent Registered Public Accounting Firm” on page F-2.

Changes in Internal Control over Financial Reporting

There has been no change in our internal control over financial reporting that occurred during the fourth quarter of fiscal 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Other Information

Trading Arrangements

The table below summarizes the terms of trading arrangements adopted or terminated by our executive officers or directors during the fourth quarter of fiscal 2024.

All of the trading arrangements listed below are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Name Title Date of Adoption or Termination Duration of Plan (1) Aggregate number of Class A ordinary shares to be sold pursuant to the trading agreement (2)

Julie Sweet Chair and chief executive officer Adopted on July 22, 2024

October 21, 2024 - July 24, 2025 32,600

Manish Sharma Chief executive officer—the Americas Adopted on July 9, 2024

October 22, 2024 - July 24, 2025 9,300

(1) Each plan will expire on the earlier of the expiration date or the completion of all transactions under the trading arrangement.

(2) The actual number of shares sold under each plan will depend on the vesting of certain performance-based equity awards and the number of shares withheld by Accenture to satisfy its income tax withholding obligations, and may vary from the approximate number provided.

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

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Information about our executive officers is contained in the discussion entitled “Information about our Executive Officers” in Part I of this Form 10-K.

The remaining information called for by Item 10 will be included in the sections captioned “Appointment of Directors,” “Corporate Governance” and “Beneficial Ownership” included in the definitive proxy statement relating to the 2025 Annual General Meeting of Shareholders of Accenture plc to be held on February 6, 2025 and is incorporated herein by reference.

The remaining information called for by Item 10 will be included in the sections captioned “Appointment of Directors,” “Corporate Governance” and “Beneficial Ownership” included in the definitive proxy statement relating to the 2026 Annual General Meeting of Shareholders of Accenture plc to be held on January 28, 2026 and is incorporated herein by reference.

Accenture plc will file such definitive proxy statement with the SEC pursuant to Regulation 14A not later than 120 days after the end of our 2025 fiscal year covered by this Form 10-K.

Executive Compensation

The information called for by Item 11 will be included in the sections captioned “Executive Compensation” and “Director Compensation” included in the definitive proxy statement relating to the 2025 Annual General Meeting of Shareholders of Accenture plc to be held on February 6, 2025 and is incorporated herein by reference.

The information called for by Item 11 will be included in the sections captioned “Executive Compensation” and “Director Compensation” included in the definitive proxy statement relating to the 2026 Annual General Meeting of Shareholders of Accenture plc to be held on January 28, 2026 and is incorporated herein by reference.

Accenture plc will file such definitive proxy statement with the SEC pursuant to Regulation 14A not later than 120 days after the end of our 2025 fiscal year covered by this Form 10-K.

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(3) Restricted share units have no exercise price.

The remaining information called for by Item 12 will be included in the section captioned “Beneficial Ownership” included in the definitive proxy statement relating to the 2025 Annual General Meeting of Shareholders of Accenture plc to be held on February 6, 2025 and is incorporated herein by reference.

The remaining information called for by Item 12 will be included in the section captioned “Beneficial Ownership” included in the definitive proxy statement relating to the 2026 Annual General Meeting of Shareholders of Accenture plc to be held on January 28, 2026 and is incorporated herein by reference.

Accenture plc will file such definitive proxy statement with the SEC pursuant to Regulation 14A not later than 120 days after the end of our 2025 fiscal year covered by this Form 10-K.

Certain Relationships and Related Transactions, and Director Independence

The information called for by Item 13 will be included in the section captioned “Corporate Governance” included in the definitive proxy statement relating to the 2025 Annual General Meeting of Shareholders of Accenture plc to be held on February 6, 2025 and is incorporated herein by reference.

The information called for by Item 13 will be included in the section captioned “Corporate Governance” included in the definitive proxy statement relating to the 2026 Annual General Meeting of Shareholders of Accenture plc to be held on January 28, 2026 and is incorporated herein by reference.

Accenture plc will file such definitive proxy statement with the SEC pursuant to Regulation 14A not later than 120 days after the end of our 2025 fiscal year covered by this Form 10-K.

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Principal Accountant Fees and Services

The information called for by Item 14 will be included in the section captioned “Audit” included in the definitive proxy statement relating to the 2025 Annual General Meeting of Shareholders of Accenture plc to be held on February 6, 2025 and is incorporated herein by reference.

The information called for by Item 14 will be included in the section captioned “Audit” included in the definitive proxy statement relating to the 2026 Annual General Meeting of Shareholders of Accenture plc to be held on January 28, 2026 and is incorporated herein by reference.

Accenture plc will file such definitive proxy statement with the SEC pursuant to Regulation 14A not later than 120 days after the end of our 2025 fiscal year covered by this Form 10-K.

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3.2 Certificate of Incorporation of Accenture plc (incorporated by reference to Exhibit 3.2 to Accenture plc’s 8-K12B filed on September 1, 2009 (the “8-K12B”))

4.1 Description of Accenture plc’s Securities ( filed herewith )

4.1 Description of Accenture plc’s Securities (incorporated by reference to Exhibit 4.1 to the August 31, 2024 10-K )

4.2 Indenture, among Accenture Capital Inc., Accenture plc and The Bank of New York Mellon Trust Company, N.A., dated as of October 4, 2024 (incorporated by reference to Exhibit 4.1 to Accenture plc’s 8-K filed on October 4, 2024 )

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10.23* Form of Fiscal 2024 Key Executive Performance-Based Award Restricted Share Unit Agreement in France (incorporated by reference to Exhibit 10.6 to the February 29, 2024 10-Q )

10.24* Form of Fiscal 2024 Key Executive Performance-Based Award Restricted Share Unit Agreement in France (incorporated by reference to Exhibit 10.6 to the February 29, 2024 10-Q )

10.24* Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.3 to the February 28, 2023 10-Q )

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10.27* Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement in France (incorporated by reference to Exhibit 10.7 to the February 29, 2024 10-Q )

10.28* Form of Accenture Leadership Performance Equity Award Restricted Share Unit Agreement in France (incorporated by reference to Exhibit 10.7 to the February 28, 2025 10-Q

10.29* Form of Voluntary Equity Investment Program Matching Grant Restricted Share Unit Agreement pursuant to the Amended and Restated Accenture plc 2010 Share Incentive Plan (incorporated by reference to Exhibit 10.4 to the February 29, 2024 10-Q )

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and the indemnitee party thereto (incorporated by reference to Exhibit 10.28 to the August 31, 2018 10-K )

10.34* Form of Severance Agreement (incorporated by reference to Exhibit 10.1 to the December 19, 2023 10-Q )

10.35* Relocation Benefits Agreement between Accenture LLP and Manish Sharma (incorporated by reference to Exhibit 10.2 to the December 19, 2023 10-Q )

10.34* Form of Severance Agreement (incorporated by reference to Exhibit 10.1 to the November 30, 2023 10-Q )

10.35* Relocation Benefits Agreement between Accenture LLP and Manish Sharma (incorporated by reference to Exhibit 10.2 to the November 30, 2023 10-Q )

ACCENTURE 2025 FORM 10-K

Exhibits, Financial Statement Schedules

10.36* Retirement Agreement between Accenture LLP and Jimmy Etheredge (incorporated by reference to Exhibit 10.12 to the August 31, 2023 10-K )

10.36* Accenture LLP Leadership Separation Benefits Plan (incorporated by reference to Exhibit 10.1 to November 30, 2024 10-Q )

19.1 Insider Trading Policy ( filed herewith )

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Power of Attorney

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Julie Sweet, KC McClure and Joel Unruch, and each of them, as his or her true and lawful attorneys-in-fact and agents, with power to act with or without the others and with full power of substitution and resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents and each of them may deem necessary or desirable to enable the registrant to comply with the U.S.

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Julie Sweet, Angie Park and Joel Unruch, and each of them, as his or her true and lawful attorneys-in-fact and agents, with power to act with or without the others and with full power of substitution and resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents and each of them may deem necessary or desirable to enable the registrant to comply with the U.S.

Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements of the U.S.

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Julie Sweet (principal executive officer)

/s/ KC M C C LURE

/s/ A NGIE P ARK

Chief Financial Officer

KC McClure (principal financial officer)

Angie Park (principal financial officer)

/s/ M ELISSA A .

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Burgum (principal accounting officer)

/s/ G ILLES C .

/s/ A RUN S ARIN

Lead Director

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Nancy McKinstry

/s/ J ENNIFER N ASON

Jennifer Nason

/s/ P AULA A.

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Renduchintala

/s/ A RUN S ARIN

/s/ T RACEY T.

/s/ M ASAHIKO U OTANI

Masahiko Uotani

ACCENTURE 2025 FORM 10-K

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• the scope of the work and timing of delivery for consistency with the underlying contractual terms;

• the estimated costs to complete in relation to progress towards satisfying the Company’s performance obligations, based on internal and customer-facing information;

• the estimated costs to complete in relation to progress toward satisfying the Company’s performance obligations, based on internal and customer-facing information;

• changes to estimated costs, if any, including the amount and timing of the change based on internal information or contractual changes;

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Unrecognized tax benefits

As discussed in Note 11 to the consolidated financial statements, the Company h as $1,905 million of unrecognized tax benefits as of August 31, 2024.

As discussed in Note 11 t o the consolidated financial statements, the Company has $ 2,410 milli on of unrecognized tax benefits as of August 31, 2025.

As discussed in Note 1 to the consolidated financial statements, the Company recognizes tax positions when it believes such positions are more likely than not of being sustained if challenged.

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• assessing transfer pricing studies for compliance with applicable laws and regulations;

• analyzing the Company’s tax positions, including the methodology over measurement of unrecognized tax benefits related to transfer pricing;

• analyzing the Company’s tax positions, including the methodology over the measurement of unrecognized tax benefits related to transfer pricing;

• evaluating the Company’s determination of unrecognized tax benefits, including the associated effect in other jurisdictions;

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Other income (expense), net ( 63,040 ) ( 109,811 ) 96,559

Loss on disposition of Russia business — — ( 96,294 )

INCOME BEFORE INCOME TAXES 10,270,393 9,699,323 9,139,332

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Purchases of Class A shares 3,915 ( 4,322,529 ) ( 15,314 ) ( 4,318,614 ) ( 3,915 ) ( 4,322,529 )

Cancellation of treasury shares ( 8,828 ) ( 175,701 ) 2,595,281 8,828 ( 2,419,580 ) — —

Share-based compensation expense 1,790,886 122,165 1,913,051 1,913,051

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exchangeable shares and Class X shares ( 176 ) ( 7,874 ) ( 7,874 ) ( 7,874 )

Issuances of Class A ordinary shares for employee share programs 7,970 ( 1,333,963 ) 1,943,912 841,720 3,292 ( 103,889 ) 1,347,780 1,284 1,349,064

Issuances of Class A shares for employee share programs 8,883 ( 1,592,561 ) 2,151,005 1,342,773 3,529 ( 401,493 ) 1,499,724 1,345 1,501,069

Dividends 113,667 ( 2,938,102 ) ( 2,824,435 ) ( 2,959 ) ( 2,827,394 )

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Purchases of Class A shares 3,867 ( 4,509,392 ) ( 13,913 ) ( 4,505,525 ) ( 3,867 ) ( 4,509,392 )

Cancellation of treasury shares ( 8,828 ) ( 175,701 ) 2,595,281 8,828 ( 2,419,580 ) — —

Share-based compensation expense 1,821,490 120,100 1,941,590 1,941,590

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Purchases of Class A shares 3,708 ( 4,614,969 ) ( 14,082 ) ( 4,611,261 ) ( 3,708 ) ( 4,614,969 )

Cancellation of treasury shares ( 1 ) ( 22,739 ) ( 771,268 ) 6,666,403 22,739 ( 5,895,134 ) — —

Share-based compensation expense 1,974,575 119,303 2,093,878 2,093,878

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Description of Business

Accenture is a leading global professional services company, providing a broad range of services and solutions across Strategy & Consulting, Technology, Operations, Industry X and Song.

Accenture is a leading solutions and global professional services company that helps enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed across the enterprise, bringing together our people, proprietary assets and platforms, and deep ecosystem relationships.

Through our Reinvention Services we bring together our capabilities across strategy, consulting, technology, operations, Song and Industry X with our deep industry expertise to create and deliver solutions and services for our clients.

We serve clients in three geographic markets:

North America, EMEA (Europe, Middle East and Africa) and Growth Markets.

We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability to help the world’s leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale.

the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific.

Basis of Presentation

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Contracts for technology integration consulting services generally span six months to two years .

Generally, revenue, including estimated fees, is recognized using costs incurred to date relative to total estimated costs at completion to measure progress toward satisfying our performance obligations.

Revenue, including estimated fees, is recognized using costs incurred to date relative to total estimated costs at completion to measure progress toward satisfying our performance obligations.

Incurred cost represents work performed, which corresponds with, and thereby best depicts, the transfer of control to the client.

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For investments in which we can exercise significant influence but do not control, we use the equity method of accounting.

Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee is included as a component of Other income (expense), net.

For equity securities without a readily determinable fair value, we use the fair value measurement alternative and measure the securities at cost less impairment, if any, plus or minus observable price changes in orderly transactions for an identical or similar investment of the same issuer.

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Goodwill represents the excess of the purchase price of an acquired entity over the fair value of net assets acquired.

We review the recoverability of goodwill by operating segment annually, or more frequently when indicators of impairment exist.

We review the recoverability of goodwill by reporting unit, which we define as our reportable operating segments, annually, or more frequently when indicators of impairment exist.

Based on the results of our annual impairment analysis, we determined that no impairment existed as of August 31, 2025 or 2024, as each reportable segment’s estimated fair value substantially exceeded its carrying value.

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Business Optimization

Actions Initiated in Fiscal 2025

During the fourth quarter of fiscal 2025, we began implementing a refreshed three-pronged talent strategy to meet current and future client demand:

investing in upskilling people, which has been and continues to be our primary focus;

exiting people in a compressed timeline where reskilling is not a viable path for the skills we need;

and identifying areas to drive even more operating efficiencies in our business, including through AI.

We recorded $ 615 million in business optimization costs during the fourth quarter of fiscal 2025.

This includes employee severance of approximately $ 344 million associated with headcount reductions that we are making in a compressed timeline, as well as asset impairments of approximately $ 271 million primarily related to the divestiture of two acquisitions in the Americas that are no longer aligned with our strategic priorities.

We expect to record additional costs of approximately $ 250 million in the first quarter of fiscal 2026, primarily for employee severance, for a total of approximately $ 865 million over the six-month period.

The actual amount and timing of costs are dependent in part upon local country consultation processes and regulations and may differ from our current expectations and estimates.

Actions Initiated in Fiscal 2023

During the second quarter of fiscal 2023, we initiated actions to streamline our operations, transform our non-billable corporate functions and consolidate our office space to reduce costs.

We recorded a total of $ 1.5 billion related to these actions, primarily for employee severance, which have been completed as of August 31, 2024.

We recorded a total of $ 1.5 billion related to these actions, primarily for employee severance, which were completed as of August 31, 2024.

Total b usiness optimization costs by reportable operating segment for fiscal 2025 and 2024 were as follows:

North America $ 68,201 $ 464,879

Americas (1) $ 420,469 $ 83,201

EMEA 131,980 248,724

Growth Markets (1) 121,515 160,174

Asia Pacific (1) 62,875 106,515

Total business optimization costs $ 615,324 $ 438,440

(1) During the first quarter of fiscal 2024, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market became our EMEA (Europe, Middle East and Africa) geographic market.

(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 .

New Accounting Pronouncements

Notes to Consolidated Financial Statements — (continued)

(In thousands of U.S.

dollars, except share and per share amounts or as otherwise disclosed)

ACCENTURE 2025 FORM 10-K

Recently Adopted Accounting Pronouncements

On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No.

2023-07, Improvements to Reportable Segment Disclosures, which requires entities to enhance disclosures regarding their segments, including significant segment expenses.

The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires a retrospective method upon adoption.

We are currently evaluating the impact of this standard on our segment disclosures.

We retrospectively adopted this standard in our annual fiscal 2025 financial statements.

See Note 16 (Segment Reporting) to these Consolidated Financial Statements for more information.

New Accounting Pronouncements

On December 14, 2023, the FASB issued ASU No.

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This ASU will impact our income tax disclosures, but not our financial position or results of operations.

On November 4, 2024, the FASB issued ASU No.

2024-03, Disaggregation of Income Statement Expenses, which requires entities to disclose specified information about certain expenses in the notes to the financial statements, including employee compensation.

The ASU will be effective beginning with our annual fiscal 2028 financial statements.

We are currently evaluating the impact of this standard on our disclosures.

Notes to Consolidated Financial Statements — (continued)

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Accumulated other comprehensive loss $ ( 1,465,379 ) $ ( 1,554,742 ) $ ( 1,743,101 )

(1) As of August 31, 2024, $ 21,905 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into cost of services in the next twelve months.

(1) As of August 31, 2025, $ 115,077 of net unrealized losses related to derivatives designated as cash flow hedges is expected to be reclassified into cost of services in the next twelve months.

Notes to Consolidated Financial Statements — (continued)

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Depreciation expense for fiscal 2025, 2024 and 2023 was $ 622,493 , $ 547,935 and $ 620,659 , respectively.

Business Combinations and Dispositions

Business Combinations

We completed a number of individually immaterial acquisitions during fiscal 2025, 2024 and 2023.

These acquisitions were completed primarily to expand our services and solutions offerings.

These acquisitions were completed primarily to expand our solutions and services offerings.

The table below gives additional details related to these acquisitions:

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Intangible assets 199,120 1,265,290 544,661

The intangible assets primarily consist of customer-related intangibles, which are being amortized over one to eighteen years .

The intangible assets primarily consist of customer-related intangibles, which are being amortized over four to eighteen years .

The goodwill was allocated among our reportable operating segments and is partially deductible for U.S.

federal income tax purposes.

During fiscal 2022, we disposed of our business in Russia, which was part of our Europe segment (now referred to as our EMEA segment).

The transaction resulted in a non-operating loss of $ 96,294 , which was not deductible for tax purposes and did not have a material effect on our operations or financial results.

Notes to Consolidated Financial Statements — (continued)

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Geographic Markets

North America $ 7,744,582 $ 1,145,007 $ ( 13,539 ) $ 8,876,050 $ 2,733,720 $ 5,124 $ 11,614,894

Americas (1) $ 9,149,539 $ 2,836,135 $ ( 25,024 ) $ 11,960,650 $ 456,712 $ ( 2,664 ) $ 12,414,698

EMEA 5,152,149 2,021,785 167,752 7,341,686 342,876 352,065 8,036,627

Growth Markets (1) 1,209,858 389,318 ( 54,372 ) 1,544,804 594,095 24,700 2,163,599

Asia Pacific (1) 1,271,315 491,680 54,848 1,817,843 312,346 ( 45,098 ) 2,085,091

Total $ 15,573,003 $ 5,349,600 $ 197,576 $ 21,120,179 $ 1,111,934 $ 304,303 $ 22,536,416

(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.

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For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized.

The amounts related to derivatives designated as cash flow hedges that were reclassified into Cost of services were net gains of $ 28,386 , net losses of $ 27,865 and net gains of $ 92,275 during fiscal 2024, 2023 and 2022, respectively.

The amounts related to derivatives designated as cash flow hedges that were reclassified into Cost of services were net losses of $ 10,165 , net gains of $ 28,386 and net losses of $ 27,865 during fiscal 2025, 2024 and 2023, respectively.

The ineffective portion of the change in fair value of a cash flow hedge is recognized immediately in Other income (expense), net in the Consolidated Income Statements and for fiscal 2025, 2024 and 2023, was not material.

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Borrowings and Indebtedness

As of August 31, 2024 and 2023, we had total outstanding debt of $ 1,024,857 and $ 147,903 , respectively.

On October 4, 2024, Accenture Capital Inc.

(“Accenture Capital”), a wholly owned finance subsidiary of Accenture plc, issued $ 5 billion aggregate principal amount of senior unsecured notes.

Net proceeds from the offering are being used for general corporate purposes, including repayment of outstanding commercial paper borrowings.

Interest on the senior unsecured notes is payable semi-annually in arrears.

Accenture Capital may redeem the senior unsecured notes at any time in whole, or from time to time, in part at specified redemption prices.

Accenture plc and Accenture Capital are not subject to any financial covenants under the senior unsecured notes.

The following is a summary of total outstanding debt as of August 31, 2025 and August 31, 2024 , respectively:

August 31, 2025 August 31, 2024

Current portion of long-term debt and bank borrowings

Commercial paper (1) $ 99,963 $ 931,507

Other (2) 14,521 14,722

Total current portion of long-term debt and bank borrowings $ 114,484 $ 946,229

Long-term debt

Senior notes – 3.90 % due 2027

$ 1,100,000 $ —

Senior notes – 4.05 % due 2029

Senior notes – 4.25 % due 2031

Senior notes – 4.50 % due 2034

Total principal amount (3) $ 5,000,000 $ —

unamortized debt discount and issuance costs ( 32,774 ) —

Total carrying amount $ 4,967,226 $ —

Other (2) 66,943 78,628

Total long-term debt $ 5,034,169 $ 78,628

(1) The carrying amounts of the commercial paper as of August 31, 2025 and August 31, 2024 include the remaining principal outstanding of $ 100,000 and $ 935,000 , respectively, net of total unamortized discounts of $ 37 and $ 3,493 , respectively.

The weighted-average effective interest rate for the commercial paper was 4.5 % and 5.4 % as of August 31, 2025 and August 31, 2024, respectively.

(2) Amounts primarily include finance lease liabilities.

(3) The total estimated fair value of our senior notes was $ 5.0 billion as of August 31, 2025.

The fair value was determined based on quoted prices as of the last trading day of fiscal 2025 and is classified as Level 2 within the fair value hierarchy.

As of August 31, 2025, future principal payments for total outstanding debt, excluding finance leases, are summarized as follows:

Fiscal Year Amount

2026 $ 100,000

2028 1,100,000

2030 1,200,000

Thereafter 2,700,000

Total $ 5,100,000

Notes to Consolidated Financial Statements — (continued)

(In thousands of U.S.

dollars, except share and per share amounts or as otherwise disclosed)

ACCENTURE 2025 FORM 10-K

As of August 31, 2025, we had the following borrowing facilities:

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Total $ 7,822,019

(1) On May 14, 2024, we replaced our $ 3,000,000 syndicated 5-year credit facility with a new $ 5,500,000 syndicated credit facility maturing on May 14, 2029.

This facility provides unsecured, revolving borrowing capacity for general corporate capital purposes, including the issuance of letters of credit and short-term commercial paper.

(1) This facility, which matures on May 14, 2029, provides unsecured, revolving borrowing capacity for general corporate purposes, including the issuance of letters of credit and short-term commercial paper.

Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread.

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The facility is subject to annual commitment fees.

As of August 31, 2024, we had $ 935,000 of commercial paper outstanding (excluding unamortized discounts) and backed by this facility, with a weighted-average effective interest rate of 5.4 %, maturing at various dates through the first quarter of fiscal 2025.

As of August 31, 2023 we had $ 100,000 of commercial paper outstanding backed by our $ 3,000,000 syndicated 5-year credit facility, with a weighted-average effective interest rate of 5.4 %.

(2) We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities.

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As of August 31, 2025 and 2024, we had no borrowings under these various facilities.

We had an aggregate of $ 1,269,178 and $ 1,080,819 of letters of credit outstanding and $ 935,000 (excluding unamortized discounts) and $ 100,000 of commercial paper outstanding as of August 31, 2024 and 2023, respectively.

The amount of letters of credit and commercial paper outstanding reduces the available borrowing capacity under these facilities.

Subsequent Events

On October 4, 2024, Accenture Capital Inc.

(“Accenture Capital”), an indirect wholly owned finance subsidiary of Accenture plc, issued $ 5.0 billion aggregate principal amount of senior unsecured notes, comprised of $ 1.1 billion of 3.90 % senior notes due October 4, 2027, $ 1.2 billion of 4.05 % senior notes due October 4, 2029, $ 1.2 billion of 4.25 % senior notes due October 4, 2031 and $ 1.5 billion of 4.50 % senior notes due October 4, 2034.

Accenture plc fully and unconditionally guarantees these notes.

Net proceeds from the offering will be used for general corporate purposes, including repayment of outstanding commercial paper borrowings.

Interest on the senior unsecured notes is payable semi-annually in arrears.

Accenture Capital may redeem the senior unsecured notes at any time in whole, or from time to time, in part at specified redemption prices.

Accenture plc and Accenture Capital are not subject to any financial covenants under the senior unsecured notes.

We had an aggregate of $ 1,373,620 and $ 1,269,178 of letters of credit outstanding and $ 100,000 and $ 935,000 (excluding unamortized discounts) of commercial paper outstanding as of August 31, 2025 and 2024, respectively.

The amount of letters of credit and commercial paper outstanding reduces the available borrowing capacity under the facilities described above.

Notes to Consolidated Financial Statements — (continued)

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Total $ 10,270,393 $ 9,699,323 $ 9,139,332

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted in the U.S.

The OBBBA contains a number of provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions.

The act has multiple effective dates that generally apply to us beginning with fiscal year 2026, and we expect the impacts on our consolidated financial statements to be immaterial.

The reconciliation of the U.S.

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The income tax benefits attributable to the tax status of these subsidiaries were estimated to be approximately $ 50,000 , $ 44,000 and $ 40,000 in fiscal 2025, 2024 and 2023, respectively.

The revaluation of deferred tax assets and liabilities due to enacted changes in tax laws and tax rates did not have a material impact on our effective tax rate in fiscal 2024, 2023, or 2022.

Notes to Consolidated Financial Statements — (continued)

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ACCENTURE 2025 FORM 10-K

The revaluation of deferred tax assets and liabilities due to enacted changes in tax laws and tax rates did not have a material impact on our effective tax rate in fiscal 2025, 2024, or 2023.

The components of our deferred tax assets and liabilities included the following:

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Leases ( 635,331 ) ( 677,569 )

Revenue recognition ( 255,333 ) ( 99,317 )

Other ( 582,196 ) ( 635,086 )

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We recognize interest and penalties related to unrecognized tax benefits in our Income tax expense.

During fiscal 2024, 2023 and 2022, we recognized expense of $ 37,396 , $ 21,137 and $ 25,369 in interest and penalties, respectively.

During fiscal 2025, 2024 and 2023, we recognized a benefit of $ 20,036 and expense of $ 37,396 and $ 21,137 in interest and penalties, respectively.

Accrued interest and penalties related to unrecognized tax benefits of $ 186,901 ($ 173,628 , net of tax benefits) and $ 210,642 ($ 198,328 , net of tax benefits) were reflected on our Consolidated Balance Sheets as of August 31, 2025 and 2024, respectively.

As a global company, we file tax returns in multiple tax jurisdictions including the U.S.

We have participated in the U.S.

Internal Revenue Service (“IRS”) Compliance Assurance Process (“CAP”) program since fiscal 2016.

CAP tax years are examined by the IRS on a contemporaneous basis so that most issues are resolved prior to filing the tax return.

The years from fiscal 2021 forward remain open for examination by the IRS.

The years from fiscal 2020 forward remain open for examination by the Irish tax authorities.

As a global company, we file tax returns in numerous tax jurisdictions including the U.S.

and Ireland, where in both jurisdictions the tax years from fiscal 2021 forward remain open for examination.

We participate in the U.S.

Internal Revenue Service (“IRS”) Compliance Assurance Process (“CAP”).

In CAP, the IRS examines tax years on a contemporaneous basis, and most issues are resolved prior to filing the tax return.

We also participate in the Irish Cooperative Compliance Framework (“CCF”) which promotes a collaborative approach to tax return review between taxpayers and Irish Revenue.

In addition, we are negotiating a bilateral Advance Pricing Agreement (“APA”) with the U.S.

and Ireland that covers fiscal 2021 through fiscal 2025.

We expect through this APA to gain certainty and avoid prolonged disputes on the pricing of intercompany transactions between the U.S.

We expect to conclude the APA in fiscal 2026 or fiscal 2027.

We are currently under audit in U.S.

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Although the outcome of tax audits is always uncertain and could result in significant cash tax payments, we do not believe the outcome of these audits will have a material adverse effect on our consolidated financial position or results of operations.

We believe that it is reasonably possible that our unrecognized tax benefits could decrease by approximately $ 414,000 or increase by approximately $ 719,000 in the next 12 months as a result of settlements, lapses of statutes of limitations, tax audit activity and other adjustments.

We believe that it is reasonably possible that our unrecognized tax benefits could decrease by approximately $ 187,000 or increase by approximately $ 1,400,000 in the next 12 months as a result of settlements, lapses of statutes of limitations, tax audit activity and other agreements with taxing authorities.

The majority of these amounts relate to transfer pricing matters in both U.S.

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Amendments — — — 307 — —

Special termination benefits — — — — — 200

Plan combinations — — — 319 — —

Actuarial (gain) loss ( 6,457 ) ( 10,852 ) ( 5,848 ) 31,528 ( 65,651 ) 70,382

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Mutual fund equity securities $ 20,205 $ 253,494 $ — $ 273,699

corporate equity securities — 18,163 — 18,163

government, state and local debt securities — 9,765 — 9,765

government debt securities 208,550 18,821 — 227,371

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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.

Cancellation of Treasury Shares

During fiscal 2025, we cancelled 22,738,965 Accenture plc Class A ordinary shares that were held as treasury shares and had an aggregate cost of $ 6,666,403 .

The effect of the cancellation of these treasury shares was recognized in Class A ordinary shares and Additional paid-in capital with the residual recorded in Retained earnings.

There was no effect on total shareholders’ equity as a result of this cancellation.

Our dividend activity during fiscal 2025 is as follows:

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On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022.

We are appealing the district court's decision.

We continue to believe the lawsuit is without merit and we will vigorously defend it.

At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

We appealed the district court’s decision, and on June 3, 2025, the appeals court again reversed the class certification and declined to order another remand to the district court on those certification issues.

We continue to believe the lawsuit is without merit and we will continue to vigorously defend it.

Notes to Consolidated Financial Statements — (continued)

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ACCENTURE 2025 FORM 10-K

present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S.

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False Claims Act and/or other statutes, and administrative sanctions, such as termination of contracts, forfeiture of profits, suspension of payments, fines and suspensions or debarment from doing business with agencies of the U.S.

We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs that are reasonably likely to be incurred in connection with this matter.

We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs in excess of the amounts already accrued that are reasonably likely to be incurred in connection with this matter.

Notes to Consolidated Financial Statements — (continued)

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Segment Reporting

Operating segments are components of an enterprise where separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.

Our chief operating decision makers are our Chief Executive Officer and Chief Financial Officer.

Our operating segments are managed separately because each operating segment represents a strategic business unit providing consulting and managed services to clients across different industries.

Our three reportable segments are our geographic markets, which are North America, EMEA and Growth Markets.

Amounts are attributed to geographic markets based on where clients are located.

Operating segments are components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker(s).

Our three reportable segments are our geographic markets:

Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific.

Each market represents a strategic business unit providing consulting and managed services to clients across different industries.

Our chief operating decision makers are our Chief Executive Officer and Chief Financial Officer who evaluate our reportable segments based on segment revenue and operating income.

Company resources are aligned to reportable segments based on market demand.

Information regarding our geographic markets is as follows.

Fiscal 2024 North America (1) EMEA (2) Growth Markets (1) (2) Total

Amounts are attributed to geographic markets based on where clients are located.

Our expenses primarily consist of employee compensation costs, subcontractor costs and facilities and technology costs.

Fiscal 2025 (1) Americas EMEA Asia Pacific Total

Revenues $ 35,056,715 $ 24,643,957 $ 9,972,305 $ 69,672,977

Payroll costs 22,603,084 16,859,804 6,216,464 45,679,352

Non-payroll costs including subcontractor costs (2) 5,917,032 4,000,523 1,709,620 11,627,175

Depreciation and amortization (3) 791,791 560,657 173,014 1,525,462

Business optimization costs (4) 420,469 131,980 62,875 615,324

Operating income 5,324,339 3,090,993 1,810,332 10,225,664

Net assets as of August 31, 2025 (5) 5,679,520 3,556,536 239,237 9,475,293

Property & equipment, net 518,135 458,651 544,333 1,521,119

Property & equipment, net as of August 31, 2025 575,647 517,547 473,180 1,566,374

Fiscal 2024 (1)

Revenues $ 32,552,489 $ 22,817,879 $ 9,526,096 $ 64,896,464

Payroll costs 21,139,496 15,537,443 5,905,191 42,582,130

Non-payroll costs including subcontractor costs (2) 5,494,547 3,706,158 1,640,468 10,841,173

Depreciation and amortization (3) 755,594 521,944 161,336 1,438,874

Business optimization costs (4) 83,201 248,724 106,515 438,440

Operating income 5,079,651 2,803,610 1,712,586 9,595,847

Net assets as of August 31, 2024 (5) 5,009,988 3,440,180 381,065 8,831,233

Property & equipment, net 541,484 458,736 529,787 1,530,007

Property & equipment, net as of August 31, 2024 599,417 458,651 463,051 1,521,119

Fiscal 2023 (1)

Revenues $ 32,193,134 $ 22,292,584 $ 9,626,027 $ 64,111,745

Payroll costs 21,300,112 15,340,110 6,065,227 42,705,449

Non-payroll costs including subcontractor costs (2) 5,066,185 3,537,451 1,592,001 10,195,637

Depreciation and amortization (3) 685,414 493,447 158,763 1,337,624

Business optimization costs (4) 496,992 438,093 128,061 1,063,146

Operating income 4,644,431 2,483,483 1,681,975 8,809,889

Net assets as of August 31, 2023 (5) 4,459,978 2,811,231 353,837 7,625,046

Property & equipment, net 598,116 436,360 624,664 1,659,140

(1) In the first quarter of fiscal 2025, our Latin America market unit will move from Growth Markets to North America.

With this change, North America will become the Americas market and Growth Markets will become the Asia Pacific market.

(2) During the first quarter of fiscal 2024, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market became our EMEA (Europe, Middle East and Africa) geographic market.

Property & equipment, net as of August 31, 2023 617,941 458,736 453,330 1,530,007

(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.

Additionally, during the fourth quarter of fiscal 2025, we retrospectively adopted Accounting Standards Update (“ASU”) No.

2023-07, Improvements to Reportable Segment Disclosures.

Prior period amounts have been reclassified to conform with the current period presentation.

(3) Amounts include depreciation on property and equipment and amortization of intangible assets and deferred contract costs controlled by each reportable segment, as well as an allocation for amounts they do not directly control.

(2) Non-payroll costs primarily include subcontractor costs and other non-payroll such as facilities, technology and travel costs.

(3) Amounts include depreciation on property and equipment and amortization of intangible assets and deferred transition costs.

(4) Costs recorded in connection with business optimization actions initiated in fiscal 2025 include $ 344 million for employee severance associated with headcount reductions we are making in a compressed timeline and $ 271 million for asset impairments primarily related to the divestiture of two acquisitions in the Americas that are no longer aligned with our strategic priorities.

Costs recorded in connection with business optimization actions initiated in fiscal 2023 and completed in fiscal 2024 primarily include employee severance.

(5) We do not allocate total assets by reportable segment.

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The accounting policies of the reportable segments are the same as those described in Note 1 (Summary of Significant Accounting Policies) to these Consolidated Financial Statements.

Our business in the United States represented 45 % of our consolidated revenues during fiscal 2024, 2023 and 2022, respectively.

No other country individually comprised 10% or more of our consolidated revenues during these periods.

Business in Ireland, our country of domicile, represented approximately 1 % of our consolidated revenues during fiscal 2024, 2023 and 2022.

Notes to Consolidated Financial Statements — (continued)

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ACCENTURE 2025 FORM 10-K

Our business in the United States represented 45 % of our consolidated revenues during fiscal 2025, 2024 and 2023.

No other country individually comprised 10% or more of our consolidated revenues during these periods.

Business in Ireland, our country of domicile, represented approximately 1 % of our consolidated revenues during fiscal 2025, 2024 and 2023.

We conduct business in Ireland and in the following countries that hold 10% or more of our total consolidated Property and equipment, net:

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures