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Item 1. Financial Statements

2025-12-18 compared with 2025-06-20 · 158 added, 189 removed, 543 unchanged (39% of the section changed)

1 unchanged sentence

Consolidated Balance Sheets

May 31, 2025 and August 31, 2024

May 31, 2025 August 31, 2024

November 30, 2025 and August 31, 2025

November 30, 2025 August 31, 2025

ASSETS (Unaudited)

38 unchanged sentences

SHAREHOLDERS’ EQUITY:

Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of May 31, 2025 and August 31, 2024

Class A ordinary shares, par value $ 0.0000225 per share, 20,000,000,000 shares authorized, 680,161,875 and 672,484,852 shares issued as of May 31, 2025 and August 31, 2024, respectively

Class X ordinary shares, par value $ 0.0000225 per share, 1,000,000,000 shares authorized, 302,818 and 307,754 shares issued and outstanding as of May 31, 2025 and August 31, 2024, respectively

Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of November 30, 2025 and August 31, 2025

Class A ordinary shares, par value $ 0.0000225 per share, 20,000,000,000 shares authorized, 660,352,923 and 657,964,764 shares issued as of November 30, 2025 and August 31, 2025, respectively

Class X ordinary shares, par value $ 0.0000225 per share, 1,000,000,000 shares authorized, 302,358 shares issued and outstanding as of November 30, 2025 and August 31, 2025,

Restricted share units 2,954,675 2,790,652

1 unchanged sentence

Treasury shares, at cost:

Ordinary, 40,000 shares as of May 31, 2025 and August 31, 2024;

Class A ordinary, 57,415,810 and 47,204,565 shares as of May 31, 2025 and August 31, 2024, respectively

Ordinary, 40,000 shares as of November 30, 2025 and August 31, 2025;

Class A ordinary, 44,997,383 and 36,108,842 shares as of November 30, 2025 and August 31, 2025, respectively

( 9,875,573 ) ( 7,751,973 )

11 unchanged sentences

Consolidated Income Statements

For the Three and Nine Months Ended May 31, 2025 and 2024

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

For the Three Months Ended November 30, 2025 and 2024

Revenues $ 18,742,125 $ 17,689,545

28 unchanged sentences

Consolidated Statements of Comprehensive Income

For the Three and Nine Months Ended May 31, 2025 and 2024

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

For the Three Months Ended November 30, 2025 and 2024

NET INCOME $ 2,241,896 $ 2,316,190

15 unchanged sentences

Consolidated Shareholders’ Equity Statement

For the Three Months Ended May 31, 2025

Shares Class A

Shares Class X

Shares Restricted

Units Additional

Capital Treasury Shares Retained

Earnings Accumulated

Comprehensive

Accenture plc

Shareholders’

Equity Noncontrolling

Interests Total

Shareholders’

Balance as of February 28, 2025 $ 57 40 $ 15 678,351 $ — 303 $ 1,983,239 $ 16,685,363 $ ( 12,324,187 ) ( 51,947 ) $ 25,209,996 $ ( 2,308,430 ) $ 29,246,053 $ 935,895 $ 30,181,948

Net income 2,197,501 2,197,501 46,462 2,243,963

Other comprehensive income (loss) 822,841 822,841 14,787 837,628

Purchases of Class A shares 1,417 ( 1,799,375 ) ( 5,951 ) ( 1,797,958 ) ( 1,417 ) ( 1,799,375 )

Share-based compensation expense 435,217 62,575 497,792 497,792

Purchases/redemptions of Accenture Canada Holdings Inc.

exchangeable shares and Class X shares ( 152 ) ( 152 ) ( 152 )

Issuances of Class A shares for employee share programs 1,811 ( 83,687 ) 465,404 127,880 442 509,597 392 509,989

Dividends 34,241 ( 957,269 ) ( 923,028 ) ( 866 ) ( 923,894 )

Other, net 2,079 2,079 ( 464 ) 1,615

Balance as of May 31, 2025 $ 57 40 $ 15 680,162 $ — 303 $ 2,369,010 $ 17,216,686 $ ( 13,995,682 ) ( 57,456 ) $ 26,450,228 $ ( 1,485,589 ) $ 30,554,725 $ 994,789 $ 31,549,514

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Consolidated Financial Statements

(In thousands of U.S.

dollars and share amounts)

ACCENTURE FORM 10-Q

Consolidated Shareholders’ Equity Statement — (continued)

For the Three Months Ended May 31, 2024

Shares Class A

Shares Class X

Shares Restricted

Units Additional

Capital Treasury Shares Retained

Earnings Accumulated

Comprehensive

Accenture plc

Shareholders’

Equity Noncontrolling

Interests Total

Shareholders’

Balance as of February 29, 2024 $ 57 40 $ 15 670,405 $ — 315 $ 1,863,338 $ 14,555,758 $ ( 8,790,812 ) ( 41,617 ) $ 21,151,637 $ ( 1,657,140 ) $ 27,122,853 $ 833,571 $ 27,956,424

Net income 1,932,183 1,932,183 49,165 1,981,348

Other comprehensive income (loss) ( 98,104 ) ( 98,104 ) ( 2,273 ) ( 100,377 )

Purchases of Class A shares 1,153 ( 1,374,593 ) ( 4,289 ) ( 1,373,440 ) ( 1,153 ) ( 1,374,593 )

Share-based compensation expense 411,120 62,811 473,931 473,931

Purchases/redemptions of Accenture Canada Holdings Inc.

exchangeable shares and Class X shares ( 6 ) ( 8,649 ) ( 8,649 ) ( 8,649 )

Issuances of Class A shares for employee share programs 1,543 ( 62,289 ) 400,310 167,563 540 ( 1,474 ) 504,110 406 504,516

Dividends 29,953 ( 840,122 ) ( 810,169 ) ( 807 ) ( 810,976 )

Other, net 1,774 1,774 ( 3,656 ) ( 1,882 )

Balance as of May 31, 2024 $ 57 40 $ 15 671,948 $ — 309 $ 2,242,122 $ 15,013,157 $ ( 9,997,842 ) ( 45,366 ) $ 22,242,224 $ ( 1,755,244 ) $ 27,744,489 $ 875,253 $ 28,619,742

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Consolidated Financial Statements

(In thousands of U.S.

dollars and share amounts)

ACCENTURE FORM 10-Q

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 2025

For the Three Months Ended November 30, 2025

Shares Class A

20 unchanged sentences

Other, net ( 5,641 ) ( 5,641 ) ( 15,856 ) ( 21,497 )

Balance as of May 31, 2025 $ 57 40 $ 15 680,162 $ — 303 $ 2,369,010 $ 17,216,686 $ ( 13,995,682 ) ( 57,456 ) $ 26,450,228 $ ( 1,485,589 ) $ 30,554,725 $ 994,789 $ 31,549,514

Balance as of November 30, 2025 $ 57 40 $ 15 660,353 $ — 302 $ 2,954,675 $ 17,236,636 $ ( 9,875,573 ) ( 45,037 ) $ 22,148,070 $ ( 1,596,377 ) $ 30,867,503 $ 1,054,779 $ 31,922,282

The accompanying Notes are an integral part of these Consolidated Financial Statements.

4 unchanged sentences

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 2024

For the Three Months Ended November 30, 2024

Shares Class A

20 unchanged sentences

Other, net ( 8,373 ) ( 8,373 ) 7,133 ( 1,240 )

Balance as of May 31, 2024 $ 57 40 $ 15 671,948 $ — 309 $ 2,242,122 $ 15,013,157 $ ( 9,997,842 ) ( 45,366 ) $ 22,242,224 $ ( 1,755,244 ) $ 27,744,489 $ 875,253 $ 28,619,742

Balance as of November 30, 2024 $ 57 40 $ 15 674,279 $ — 308 $ 2,777,423 $ 15,364,338 $ ( 11,304,512 ) ( 49,289 ) $ 24,402,568 $ ( 2,049,394 ) $ 29,190,495 $ 911,928 $ 30,102,423

The accompanying Notes are an integral part of these Consolidated Financial Statements.

3 unchanged sentences

Consolidated Cash Flows Statements

For the Nine Months Ended May 31, 2025 and 2024

May 31, 2025 May 31, 2024

For the Three Months Ended November 30, 2025 and 2024

CASH FLOWS FROM OPERATING ACTIVITIES:

52 unchanged sentences

The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods.

The results of operations for the three and nine months ended May 31, 2025 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2025.

The results of operations for the three months ended November 30, 2025 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2026.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of May 31, 2025 and August 31, 2024, the total allowance for credit losses recorded for client receivables and contract assets was $ 31,784 and $ 27,561 , respectively.

The change in the allowance is primarily due to changes in gross client receivables and contract assets and immaterial write-offs.

As of November 30, 2025 and August 31, 2025, the total allowance for credit losses recorded for client receivables and contract assets was $ 24,571 and $ 32,247 , respectively.

The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments.

1 unchanged sentence

Our non-current investments are as follows:

May 31, 2025 August 31, 2024

November 30, 2025 August 31, 2025

Equity method investments $ 352,981 $ 355,276

8 unchanged sentences

Depreciation and Amortization

As of May 31, 2025 and August 31, 2024, total accumulated depreciation was $ 2,960,256 and $ 2,713,855 , respectively.

See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three and nine months ended May 31, 2025 and 2024, respectively.

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

As of November 30, 2025 and August 31, 2025, total accumulated depreciation was $ 2,988,124 and $ 2,926,630 , respectively.

See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three months ended November 30, 2025 and 2024, respectively.

Three Months Ended

November 30, 2025 November 30, 2024

Depreciation $ 143,583 $ 133,099

4 unchanged sentences

Total depreciation, amortization and other $ 581,791 $ 569,340

Business Optimization

During the first quarter of fiscal 2026, we completed our six-month business optimization program.

We recorded a total of $ 923 million under the program, including $ 628 million of employee severance associated with headcount reductions we made in a compressed timeline, as well as asset impairments of $ 295 million primarily related to the divestiture of two acquisitions in the Americas that are no longer aligned with our strategic priorities.

Total b usiness optimization costs by reportable operating segment for the three months ended November 30, 2025 and August 31, 2025 were as follows:

Three Months Ended

November 30, 2025 August 31, 2025

Americas $ 66,749 $ 420,469

EMEA 169,811 131,980

Asia Pacific 70,981 62,875

Total business optimization costs $ 307,541 $ 615,324

New 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.

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

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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.

The ASU will be effective beginning with our annual fiscal 2028 financial statements and can be applied prospectively or retrospectively, with early adoption permitted.

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

On September 18, 2025, the FASB issued ASU No.

2025-06, Targeted Improvements to the Accounting for Internal-Use-Software, which eliminates the use of software development stages for determining capitalization.

Under the new standard, capitalization will be based on the probability that the software will be completed and the certainty that it will function as intended.

The ASU will be effective beginning with our interim fiscal 2029 financial statements and transition approaches include prospective, retrospective or modified methods, with early adoption permitted.

We are currently evaluating the impact of this standard on our financial statements and disclosures, as well as the timing of our adoption.

Notes To Consolidated Financial Statements

5 unchanged sentences

Remaining Performance Obligations

We had remaining performance obligations of approximately $ 33 billion and $ 30 billion as of May 31, 2025 and August 31, 2024, respectively.

We had remaining performance obligations of approximately $ 35 billion and $ 34 billion as of November 30, 2025 and August 31, 2025, respectively.

Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized.

3 unchanged sentences

Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations.

We expect to recognize approximately 34 % of our remaining performance obligations as of May 31, 2025 as revenue in fiscal 2025, an additional 36 % in fiscal 2026, and the balance thereafter.

We expect to recognize approximately 54 % of our remaining performance obligations as of November 30, 2025 as revenue in fiscal 2026, an additional 20 % in fiscal 2027, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three and nine months ended May 31, 2025 and 2024, respectively.

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three months ended November 30, 2025 and 2024, respectively.

Contract Balances

Deferred transition revenues were $ 647,351 and $ 641,091 as of May 31, 2025 and August 31, 2024, respectively, and are included in Non-current deferred revenues.

Deferred transition revenues were $ 727,393 and $ 642,361 as of November 30, 2025 and August 31, 2025, respectively, and are included in Non-current deferred revenues.

Costs related to these activities are also deferred and are expensed as the services are provided.

Deferred transition costs were $ 984,833 and $ 862,140 as of May 31, 2025 and August 31, 2024, respectively, and are included in Deferred contract costs.

Deferred transition costs were $ 1,045,856 and $ 1,025,391 as of November 30, 2025 and August 31, 2025, respectively, and are included in Deferred contract costs.

Generally, deferred transition costs are recoverable under the contract in the event of early termination and are monitored regularly for impairment.

1 unchanged sentence

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

May 31, 2025 August 31, 2024

November 30, 2025 August 31, 2025

Receivables $ 13,931,774 $ 13,065,433

4 unchanged sentences

Deferred revenues (non-current) 727,393 642,361

Changes in the contract asset and liability balances during the nine months ended May 31, 2025 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three and nine months ended May 31, 2025 that were included in Deferred revenues as of February 28, 2025 and August 31, 2024 were $ 2.8 billion and $ 4.1 billion, respectively.

Revenues recognized during the three and nine months ended May 31, 2024 that were included in Deferred revenues as of February 29, 2024 and August 31, 2023 were $ 2.6 billion and $ 3.9 billion, respectively.

Changes in the contract asset and liability balances during the three months ended November 30, 2025 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three months ended November 30, 2025 that were included in Deferred revenues as of August 31, 2025 were $ 3.3 billion.

Revenues recognized during the three months ended November 30, 2024 that were included in Deferred revenues as of August 31, 2024 were $ 2.8 billion.

Notes To Consolidated Financial Statements

4 unchanged sentences

Basic and diluted earnings per share are calculated as follows:

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

Three Months Ended

November 30, 2025 November 30, 2024

Basic earnings per share

23 unchanged sentences

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

Three Months Ended

November 30, 2025 November 30, 2024

Foreign currency translation

7 unchanged sentences

Beginning balance ( 195,940 ) ( 254,172 )

Reclassifications into net periodic pension and

post-retirement expense 4,650 6,529 ( 8,775 ) 57,337

Reclassifications into net periodic pension and post-retirement expense 82,373 ( 17,680 )

Income tax benefit (expense) ( 15,490 ) 1,907

11 unchanged sentences

Accumulated other comprehensive loss $ ( 1,596,377 ) $ ( 2,049,394 )

(1) As of May 31, 2025, $ 2,615 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 November 30, 2025, $ 140,853 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

3 unchanged sentences

Business Combinations

During the nine months ended May 31, 2025, we completed individually immaterial acquisitions for total consideration of $ 581,732 , net of cash acquired.

During the three months ended November 30, 2025, we completed individually immaterial acquisitions for total consideration of $ 307,040 , net of cash acquired.

The pro forma effects of these acquisitions on our operations were not material.

3 unchanged sentences

Adjustments Foreign

Translation May 31, 2025

Translation November 30, 2025

Americas $ 12,414,698 $ 164,086 $ ( 8,050 ) $ 12,570,734

2 unchanged sentences

Total $ 22,536,416 $ 241,643 $ ( 156,396 ) $ 22,621,663

(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.

Goodwill includes immaterial adjustments related to prior period acquisitions.

1 unchanged sentence

Our definite-lived intangible assets by major asset class are as follows:

August 31, 2024 May 31, 2025

November 30, 2025 August 31, 2025

Intangible Asset Class Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount

4 unchanged sentences

Total $ 4,258,158 $ ( 1,926,543 ) $ 2,331,615 $ 4,269,992 $ ( 1,859,237 ) $ 2,410,755

Total amortization related to our intangible assets was $ 153,199 and $ 465,575 for the three and nine months ended May 31, 2025, respectively.

Total amortization related to our intangible assets was $ 133,097 and $ 364,353 for the three and nine months ended May 31, 2024, respectively.

Estimated future amortization related to intangible assets held as of May 31, 2025 is as follows:

Total amortization related to our intangible assets was $ 152,447 and $ 160,214 for the three months ended November 30, 2025 and 2024, respectively.

Estimated future amortization related to intangible assets held as of November 30, 2025 is as follows:

Fiscal Year Estimated Amortization

7 unchanged sentences

Shareholders’ Equity

Our dividend activity during the nine months ended May 31, 2025 is as follows:

Our dividend activity during the three months ended November 30, 2025 is as follows:

Share Accenture plc Class A

3 unchanged sentences

November 14, 2025 $ 1.63 October 10, 2025 $ 1,008,864 October 9, 2025 $ 952 $ 1,009,816

February 14, 2025 1.48 January 16, 2025 928,114 January 15, 2025 878 928,992

May 15, 2025 1.48 April 10, 2025 923,028 April 9, 2025 866 923,894

Total Dividends $ 2,775,817 $ 2,627 $ 2,778,444

The payment of cash dividends includes the net effect of $ 26,747 of additional restricted stock units being issued as a part of our share plans, which resulted in 114,613 restricted share units being issued.

Subsequent Event

On June 18, 2025, the Board of Directors of Accenture plc declared a quarterly cash dividend of $ 1.48 per share on our Class A ordinary shares for shareholders of record at the close of business on July 10, 2025 payable on August 15, 2025.

On December 17, 2025, the Board of Directors of Accenture plc declared a quarterly cash dividend of $ 1.63 per share on our Class A ordinary shares for shareholders of record at the close of business on January 13, 2026 payable on February 13, 2026.

Notes To Consolidated Financial Statements

7 unchanged sentences

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.

For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three and nine months ended May 31, 2025 and 2024, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three months ended November 30, 2025 and 2024, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $ 44,798 and $ 61,496 for the three and nine months ended May 31, 2025, respectively, and net losses of $ 57,232 and $ 103,568 for the three and nine months ended May 31, 2024, respectively.

Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $ 24,730 and $ 4,256 for the three months ended November 30, 2025 and 2024, respectively, Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

May 31, 2025 August 31, 2024

November 30, 2025 August 31, 2025

Cash Flow Hedges

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The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

May 31, 2025 August 31, 2024

November 30, 2025 August 31, 2025

Net derivative assets $ 1,832 $ 767

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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 May 31, 2025 and August 31, 2024 , respectively:

May 31, 2025 August 31, 2024

The following is a summary of total outstanding debt as of November 30, 2025 and August 31, 2025 , respectively:

November 30, 2025 August 31, 2025

Current portion of long-term debt and bank borrowings

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Senior notes – 4.05 % due 2029

1,200,000 1,200,000

Senior notes – 4.25 % due 2031

1,200,000 1,200,000

Senior notes – 4.50 % due 2034

1,500,000 1,500,000

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

3 unchanged sentences

Total long-term debt $ 5,031,646 $ 5,034,169

(1) The carrying amounts of the commercial paper as of May 31, 2025 and August 31, 2024 include the remaining principal outstanding of $ 100,000 and $ 935,000 , respectively, net of total unamortized discounts of $ 447 and $ 3,493 , respectively.

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

(1) The carrying amounts of the commercial paper as of November 30, 2025 and August 31, 2025 include the remaining principal outstanding of $ 100,000 and $ 100,000 , respectively, net of total unamortized discounts of $ 754 and $ 37 , respectively.

The weighted-average effective interest rate for the commercial paper was 4.1 % and 4.5 % as of November 30, 2025 and August 31, 2025 , respectively.

(2) Amounts primarily include finance lease liabilities.

(3) The total estimated fair value of our senior notes was $ 4.9 billion as of May 31, 2025.

The fair value was determined based on quoted prices as of the last trading day of the third quarter of fiscal 2025 and are classified as Level 1 or Level 2 within the fair value hierarchy.

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

(3) The total estimated fair value of our senior notes was $ 5.0 billion as of November 30, 2025.

The fair value was determined based on quoted prices as of the last trading day of the first quarter of fiscal 2026 and is classified as Level 2 within the fair value hierarchy.

As of November 30, 2025, future principal payments for total outstanding debt, excluding finance leases, are summarized as follows:

Fiscal Year Amount

1 unchanged sentence

2028 1,100,000

2030 1,200,000

Thereafter 2,700,000

4 unchanged sentences

ACCENTURE FORM 10-Q

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

As of November 30, 2025, we had the following borrowing facilities:

Credit Facilities

10 unchanged sentences

Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets.

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

As of November 30, 2025 and August 31, 2025 , we had no borrowings under these facilities.

(3) We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities.

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

We had an aggregate of $ 1,290,258 and $ 1,269,178 of letters of credit outstanding and $ 100,000 and $ 935,000 (excluding unamortized discounts) of commercial paper outstanding as of May 31, 2025 and August 31, 2024, respectively.

As of November 30, 2025 and August 31, 2025 , we had no borrowings under these various facilities.

We had an aggregate of $ 1,372,445 and $ 1,373,620 of letters of credit outstanding and $ 100,000 and $ 100,000 (excluding unamortized discounts) of commercial paper outstanding as of November 30, 2025 and August 31, 2025, respectively.

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

1 unchanged sentence

In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended May 31, 2025 and 2024 were 24.0 % and 25.4 %, respectively.

The lower effective tax rate for the three months ended May 31, 2025 was primarily due to lower tax expense from changes in the geographic distribution of earnings, partially offset by higher expense from adjustments to prior year tax liabilities.

Our effective tax rates for the nine months ended May 31, 2025 and 2024 were 22.1 % and 22.6 %, respectively.

The lower effective tax rate for the nine months ended May 31, 2025 was primarily due to lower tax expense from changes in the geographic distribution of earnings.

Our effective tax rates for the three months ended November 30, 2025 and 2024 were 24.5 % and 21.6 %, respectively.

The higher effective tax rate for the three months ended November 30, 2025 was primarily due to reduced benefits from adjustments to prior year tax liabilities.

Notes To Consolidated Financial Statements

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In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of May 31, 2025 and August 31, 2024, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $ 2,144,000 and $ 2,370,000 , respectively, of which all but approximately $ 68,000 and $ 61,000 , respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties.

As of November 30, 2025 and August 31, 2025, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $ 2,418,000 and $ 2,225,000 , respectively, of which all but approximately $ 54,000 and $ 55,000 , respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties.

For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of May 31, 2025 and August 31, 2024, we have issued or provided guarantees in the form of letters of credit and surety bonds of $ 1,889,700 ($ 1,687,989 net of recourse provisions) and $ 1,758,783 ($ 1,609,046 net of recourse provisions), respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance.

As of November 30, 2025 and August 31, 2025, we have issued or provided guarantees in the form of letters of credit and surety bonds of $ 2,010,269 ($ 1,794,204 net of recourse provisions) and $ 1,997,596 ($ 1,788,832 net of recourse provisions), respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance.

These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied.

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Legal Contingencies

As of May 31, 2025, we or our present personnel had been named as a defendant in various litigation matters.

As of November 30, 2025, we or our present personnel had been named as a defendant in various litigation matters.

We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world.

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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

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Segment Reporting

Our reportable segments are our three geographic markets, which are the Americas, EMEA and Asia Pacific.

Information regarding reportable segments, industry groups and type of work is as follows:

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

Geographic Markets

Americas (1) $ 8,966,131 $ 8,286,527 $ 26,252,324 $ 24,129,042

EMEA 6,231,849 5,776,624 18,447,676 17,179,116

Asia Pacific (1) 2,529,891 2,403,677 7,376,717 7,182,487

Total Revenues $ 17,727,871 $ 16,466,828 $ 52,076,717 $ 48,490,645

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.

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.

Three Months Ended November 30, 2025 Americas EMEA Asia Pacific Total

Revenues $ 9,080,059 $ 6,935,233 $ 2,726,833 $ 18,742,125

Payroll costs 5,828,921 4,620,806 1,680,353 12,130,080

Non-payroll costs including subcontractor costs (1) 1,480,392 1,098,985 479,486 3,058,863

Depreciation and amortization (2) 176,662 145,140 50,141 371,943

Business optimization costs (3) 66,749 169,811 70,981 307,541

Operating income 1,527,335 900,491 445,872 2,873,698

Net assets as of November 30, 2025 (4) 6,231,379 4,318,954 468,254 11,018,587

Property & equipment, net as of November 30, 2025 576,997 506,365 474,954 1,558,316

Three Months Ended November 30, 2024

Revenues $ 8,733,095 $ 6,411,952 $ 2,544,498 $ 17,689,545

Payroll costs 5,655,264 4,239,711 1,553,103 11,448,078

Non-payroll costs including subcontractor costs (1) 1,498,168 996,237 412,182 2,906,587

Depreciation and amortization (2) 202,429 140,027 43,947 386,403

Operating income 1,377,234 1,035,977 535,266 2,948,477

Net assets as of November 30, 2024 (4) 5,469,264 4,152,416 640,533 10,262,213

Property & equipment, net as of November 30, 2024 614,457 445,904 447,099 1,507,460

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

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

(3) 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.

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

Reportable segment assets directly attributable to a reportable segment and provided to the chief operating decision makers include receivables and current and non-current contract assets, deferred contract costs and current and non-current deferred revenues.

Revenues by industry group and type of work are as follows:

Three Months Ended

November 30, 2025 November 30, 2024

Industry Groups

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Total Revenues $ 18,742,125 $ 17,689,545

Operating Income

Three Months Ended Nine Months Ended

May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024

Geographic Markets

Americas (1) $ 1,719,630 $ 1,407,677 $ 4,337,307 $ 3,783,915

EMEA 753,093 749,859 2,428,305 2,102,472

Asia Pacific (1) 510,059 473,329 1,410,361 1,355,792

Total Operating Income $ 2,982,782 $ 2,630,865 $ 8,175,973 $ 7,242,179

(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.

ACCENTURE FORM 10-Q

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Management’s Discussion and Analysis of Financial Condition and Results of Operations

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, 2024, 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, 2024 (“Annual Report”), and “Risk Factors” in our Annual Report as updated in our Quarterly Report on Form 10-Q for the quarter ended February 28, 2025.

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.

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• 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 services and solutions, including through the adaptation and expansion of our services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations.

• Risks and uncertainties related to the development and use of AI could harm our business, damage our reputation or give rise to legal or regulatory action.

• 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.

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• 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.

• If we do not successfully manage and develop our relationships with key ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected.

ACCENTURE FORM 10-Q

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• Our debt obligations could adversely affect our business and financial condition.

• Changes to accounting standards or in the estimates and assumptions we make in connection with the preparation of our consolidated financial statements could adversely affect our financial results.

Operational Risks

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• 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 services or solutions 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.

• 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, 2024, as updated in Item 1A, “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended February 28, 2025.

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.

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Management’s Discussion and Analysis of Financial Condition and Results of Operations 23

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 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:

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

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 businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale.

Our results of operations are affected by economic conditions, including macroeconomic conditions, the overall inflationary environment and levels of business confidence.

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, which has impacted and may continue to impact our business.

These conditions have slowed the pace and level of client spending, particularly for smaller contracts with a shorter duration and for our consulting services.

Clients continue to prioritize large-scale transformations, which convert to revenue over a longer period.

In addition, the U.S.

administration is seeking to reduce federal spending and the size of the federal workforce under the guidance of the Department of Government Efficiency.

We are seeing some impact from these efforts in our federal government business, including delays in new procurements, reductions in price and contract scope, and contract terminations.

These changes have not had a material impact on our results of operations or financial condition.

For a discussion of risks related to these and other recent developments, see Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2024, as updated in Item 1A, “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended February 28, 2025.

Key metrics for the third quarter of fiscal 2025 compared to the third quarter of fiscal 2024 are included below.

We have presented operating income, operating margin, effective tax rate and diluted earnings per share for the third quarter of fiscal 2024 on a non-GAAP or “adjusted” basis to exclude the impact of $77 million in business optimization costs recorded during the quarter, as discussed further in our Results of Operations.

While the discretionary environment is unchanged, clients continue to prioritize large-scale transformations, which include becoming AI-ready.

Key metrics for the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025 are included below.

We have presented operating income, operating margin, effective tax rate and diluted earnings per share for the first quarter of fiscal 2026 on a non-GAAP or “adjusted” basis to exclude the impact of $308 million in business optimization costs recorded during the quarter.

For additional information regarding our business optimization actions and related costs, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

• Revenues of $18.7 billion, an increase of 6% in U.S.

dollars and 5% in local currency;

• New bookings of $19.7 billion, a decrease of 6% in U.S.

• New bookings of $20.9 billion, an increase of 12% in U.S.

dollars and 10% in local currency;

• Operating margin of 16.8%, compared to operating margin of 16.0% and adjusted operating margin of 16.4% in the third quarter of fiscal 2024;

• Diluted earnings per share of $3.49, a 15% increase over diluted earnings per share of $3.04 and a 12% increase over adjusted earnings per share of $3.13 in the third quarter of fiscal 2024;

• Cash returned to shareholders of $2.7 billion, including dividends of $924 million and share purchases of $1.8 billion.

• Operating margin of 15.3%, compared to operating margin of 16.7% in the first quarter of fiscal 2025;

adjusted operating margin was 17.0%.

• Diluted earnings per share of $3.54, compared to diluted earnings per share of $3.59, a 1% decrease from the first quarter of fiscal 2025;

adjusted earnings per share increased 10% to $3.94;

• Cash returned to shareholders of $3.3 billion, including dividends of $1.0 billion and share purchases of $2.3 billion.

Three Months Ended Percent

Dollars Percent

Currency Percent of Revenues

for the Three Months Ended

(in billions of U.S.

dollars) November 30, 2025 November 30, 2024 November 30, 2025 November 30, 2024

Geographic Markets Americas $ 9.1 $ 8.7 4 % 4 % 48 % 49 %

EMEA 6.9 6.4 8 4 37 36

Asia Pacific 2.7 2.5 7 9 15 14

Total Revenues $ 18.7 $ 17.7 6 % 5 % 100 % 100 %

Industry Groups Communications, Media & Technology $ 3.1 $ 2.9 9 % 8 % 17 % 16 %

Financial Services 3.6 3.2 14 12 19 18

Health & Public Service 3.8 3.8 — (1) 20 22

Products 5.7 5.4 6 4 31 31

Resources 2.5 2.4 3 2 13 14

Total Revenues $ 18.7 $ 17.7 6 % 5 % 100 % 100 %

Type of Work Consulting $ 9.4 $ 9.0 4 % 3 % 50 % 51 %

Managed Services 9.3 8.6 8 7 50 49

Total Revenues $ 18.7 $ 17.7 6 % 5 % 100 % 100 %

Amounts in table may not total due to rounding.

ACCENTURE FORM 10-Q

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-Q

Item 1. Financial Statements