Accenture plc 10-Q

Item 1. Financial Statements Consolidated Balance Sheets November 30, 2025 and August 31, 2025 November 30, 2025 August 31, 2025 ASSETS (Unaudited) CURRENT ASSETS: Cash and cash equivalents $ 9,649,405 $ 11,478,729 Short-term investments 5,906 5,945 Receivables and contract assets 16,006,709 14,985,073 Other current assets 2,404,674 2,430,942 Total current assets 28,066,694 28,900,689 NON-CURRENT ASSETS: Contract assets 188,147 180,362 Investments 803,000 721,260 Property and equipment, net 1,558,316 1,566,374 Lease assets 2,758,958 2,740,321 Goodwill 22,621,663 22,536,416 Deferred contract costs 1,045,856 1,025,391 Deferred tax assets 3,690,039 3,791,215 Intangibles 2,331,615 2,410,755 Other non-current assets 1,634,175 1,522,114 Total non-current assets 36,631,769 36,494,208 TOTAL ASSETS $ 64,698,463 $ 65,394,897 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES: Current portion of long-term debt and bank borrowings $ 113,676 $ 114,484 Accounts payable 2,971,647 2,695,589 Deferred revenues 5,494,732 6,073,170 Accrued payroll and related benefits 7,937,214 8,084,214 Income taxes payable 665,737 701,219 Lease liabilities 729,244 729,003 Other accrued liabilities 1,984,271 1,954,418 Total current liabilities 19,896,521 20,352,097 NON-CURRENT LIABILITIES: Long-term debt 5,031,646 5,034,169 Deferred revenues 727,393 642,361 Retirement obligation 1,828,303 1,858,499 Deferred tax liabilities 459,236 471,931 Income taxes payable 1,329,110 1,291,921 Lease liabilities 2,327,433 2,305,210 Other non-current liabilities 1,176,539 1,197,742 Total non-current liabilities 12,879,660 12,801,833 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS’ EQUITY: Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of November 30, 2025 and August 31, 2025 57 57 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 15 14 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 Additional paid-in capital 17,236,636 16,603,344 Treasury shares, at cost: 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 ) Retained earnings 22,148,070 21,018,731 Accumulated other comprehensive loss ( 1,596,377 ) ( 1,465,379 ) Total Accenture plc shareholders’ equity 30,867,503 31,195,446 Noncontrolling interests 1,054,779 1,045,521 Total shareholders’ equity 31,922,282 32,240,967 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 64,698,463 $ 65,394,897 The accompanying Notes are an integral part of these Consolidated Financial Statements. Table of Contents Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts) ACCENTURE FORM 10-Q 4 Consolidated Income Statements For the Three Months Ended November 30, 2025 and 2024 (Unaudited) 2025 2024 REVENUES: Revenues $ 18,742,125 $ 17,689,545 OPERATING EXPENSES: Cost of services 12,545,007 11,866,716 Sales and marketing 1,874,932 1,811,109 General and administrative costs 1,140,947 1,063,243 Business optimization costs 307,541 — Total operating expenses 15,868,427 14,741,068 OPERATING INCOME 2,873,698 2,948,477 Interest income 106,223 76,027 Interest expense ( 65,365 ) ( 30,042 ) Other income (expense), net 53,114 ( 39,217 ) INCOME BEFORE INCOME TAXES 2,967,670 2,955,245 Income tax expense 725,774 639,055 NET INCOME 2,241,896 2,316,190 Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. ( 2,083 ) ( 2,170 ) Net income attributable to noncontrolling interests – other ( 28,252 ) ( 35,126 ) NET INCOME ATTRIBUTABLE TO ACCENTURE PLC $ 2,211,561 $ 2,278,894 Weighted average Class A ordinary shares: Basic 619,307,086 625,676,922 Diluted 626,043,040 634,656,410 Earnings per Class A ordinary share: Basic $ 3.57 $ 3.64 Diluted $ 3.54 $ 3.59 Cash dividends per share $ 1.63 $ 1.48 The accompanying Notes are an integral part of these Consolidated Financial Statements. Table of Contents Consolidated Financial Statements (In thousands of U.S. dollars) ACCENTURE FORM 10-Q 5 Consolidated Statements of Comprehensive Income For the Three Months Ended November 30, 2025 and 2024 (Unaudited) 2025 2024 NET INCOME $ 2,241,896 $ 2,316,190 OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX: Foreign currency translation ( 173,173 ) ( 474,983 ) Defined benefit plans 66,820 ( 15,758 ) Cash flow hedges ( 24,645 ) ( 3,911 ) OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC ( 130,998 ) ( 494,652 ) Other comprehensive income (loss) attributable to noncontrolling interests ( 2,868 ) ( 10,093 ) COMPREHENSIVE INCOME $ 2,108,030 $ 1,811,445 COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC $ 2,080,563 $ 1,784,242 Comprehensive income attributable to noncontrolling interests 27,467 27,203 COMPREHENSIVE INCOME $ 2,108,030 $ 1,811,445 The accompanying Notes are an integral part of these Consolidated Financial Statements. Table of Contents Consolidated Financial Statements (In thousands of U.S. dollars and share amounts) ACCENTURE FORM 10-Q 6 Consolidated Shareholders’ Equity Statement For the Three Months Ended November 30, 2025 (Unaudited) Ordinary Shares Class A Ordinary Shares Class X Ordinary Shares Restricted Share Units Additional Paid-in Capital Treasury Shares Retained Earnings Accumulated Other Comprehensive Loss Total Accenture plc Shareholders’ Equity Noncontrolling Interests Total Shareholders’ Equity $ No. Shares $ No. Shares $ No. Shares $ No. Shares Balance as of August 31, 2025 $ 57 40 $ 14 657,965 $ — 302 $ 2,790,652 $ 16,603,344 $ ( 7,751,973 ) ( 36,149 ) $ 21,018,731 $ ( 1,465,379 ) $ 31,195,446 $ 1,045,521 $ 32,240,967 Net income 2,211,561 2,211,561 30,335 2,241,896 Other comprehensive income (loss) ( 130,998 ) ( 130,998 ) ( 2,868 ) ( 133,866 ) Purchases of Class A shares 1,741 ( 2,329,737 ) ( 9,497 ) ( 2,327,996 ) ( 1,741 ) ( 2,329,737 ) Share-based compensation expense 414,314 54,678 468,992 468,992 Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares ( 856 ) ( 856 ) ( 856 ) Issuances of Class A shares for employee share programs 1 2,388 ( 277,038 ) 583,370 206,137 609 ( 46,611 ) 465,859 340 466,199 Dividends 26,747 ( 1,035,611 ) ( 1,008,864 ) ( 952 ) ( 1,009,816 ) Other, net ( 5,641 ) ( 5,641 ) ( 15,856 ) ( 21,497 ) 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. Table of Contents Consolidated Financial Statements (In thousands of U.S. dollars and share amounts) ACCENTURE FORM 10-Q 7 Consolidated Shareholders’ Equity Statement — (continued) For the Three Months Ended November 30, 2024 (Unaudited) Ordinary Shares Class A Ordinary Shares Class X Ordinary Shares Restricted Share Units Additional Paid-in Capital Treasury Shares Retained Earnings Accumulated Other Comprehensive Loss Total Accenture plc Shareholders’ Equity Noncontrolling Interests Total Shareholders’ Equity $ No. Shares $ No. Shares $ No. Shares $ No. Shares Balance as of August 31, 2024 $ 57 40 $ 15 672,485 $ — 308 $ 2,614,608 $ 14,710,857 $ ( 10,564,572 ) ( 47,245 ) $ 23,082,423 $ ( 1,554,742 ) $ 28,288,646 $ 879,602 $ 29,168,248 Net income 2,278,894 2,278,894 37,296 2,316,190 Other comprehensive income (loss) ( 494,652 ) ( 494,652 ) ( 10,093 ) ( 504,745 ) Purchases of Class A shares 742 ( 897,395 ) ( 2,528 ) ( 896,653 ) ( 742 ) ( 897,395 ) Share-based compensation expense 413,697 56,728 470,425 470,425 Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares ( 869 ) ( 869 ) ( 869 ) Issuances of Class A shares for employee share programs 1,794 ( 284,465 ) 605,253 157,455 484 ( 491 ) 477,752 ( 385 ) 477,367 Dividends 33,583 ( 958,258 ) ( 924,675 ) ( 883 ) ( 925,558 ) Other, net ( 8,373 ) ( 8,373 ) 7,133 ( 1,240 ) 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. Table of Contents Consolidated Financial Statements (In thousands of U.S. dollars) ACCENTURE FORM 10-Q 8 Consolidated Cash Flows Statements For the Three Months Ended November 30, 2025 and 2024 (Unaudited) 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 2,241,896 $ 2,316,190 Adjustments to reconcile Net income to Net cash provided by (used in) operating activities — Depreciation, amortization and other 581,791 569,340 Share-based compensation expense 468,992 470,425 Deferred tax expense (benefit) 53,856 59,222 Other, net ( 74,083 ) ( 19,903 ) Change in assets and liabilities, net of acquisitions — Receivables and contract assets, current and non-current ( 1,098,877 ) ( 1,225,106 ) Other current and non-current assets ( 285,276 ) ( 441,514 ) Accounts payable 291,909 ( 124,399 ) Deferred revenues, current and non-current ( 369,028 ) ( 313,397 ) Accrued payroll and related benefits ( 74,333 ) ( 307,357 ) Income taxes payable, current and non-current 26,415 50,891 Other current and non-current liabilities ( 99,165 ) ( 11,906 ) Net cash provided by (used in) operating activities 1,664,097 1,022,486 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment ( 156,582 ) ( 152,205 ) Purchases of businesses and investments, net of cash acquired ( 373,794 ) ( 241,560 ) Proceeds from the sale of businesses and investments, net of cash transferred 22,633 5,270 Other investing, net 2,868 2,971 Net cash provided by (used in) investing activities ( 504,875 ) ( 385,524 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of shares 466,199 477,367 Purchases of shares ( 2,330,593 ) ( 898,264 ) Proceeds from debt — 5,061,085 Repayments of debt — ( 931,885 ) Cash dividends paid ( 1,009,816 ) ( 925,558 ) Other financing, net ( 36,840 ) ( 30,997 ) Net cash provided by (used in) financing activities ( 2,911,050 ) 2,751,748 Effect of exchange rate changes on cash and cash equivalents ( 77,496 ) ( 87,124 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ( 1,829,324 ) 3,301,586 CASH AND CASH EQUIVALENTS, beginning of period 11,478,729 5,004,469 CASH AND CASH EQUIVALENTS, end of period $ 9,649,405 $ 8,306,055 SUPPLEMENTAL CASH FLOW INFORMATION: Interest paid $ 114,976 $ 12,578 Income taxes paid, net $ 563,198 $ 529,162 The accompanying Notes are an integral part of these Consolidated Financial Statements. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 9 1. Basis of Presentation The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2025 included in our Annual Report on Form 10-K filed with the SEC on October 10, 2025. The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. 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 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 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. Investments 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. Non-current investments consist of equity securities in privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values). Our non-current investments are as follows: November 30, 2025 August 31, 2025 Equity method investments $ 352,981 $ 355,276 Investments without readily determinable fair values 450,019 365,984 Total non-current investments $ 803,000 $ 721,260 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 10 Depreciation and Amortization 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 Amortization—Deferred transition 80,940 85,324 Amortization—Intangible assets 152,447 160,214 Operating lease cost 203,801 186,529 Other 1,020 4,174 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 December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. 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 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 11 2. Revenues Disaggregation of Revenue See Note 12 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues. Remaining Performance Obligations 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. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. 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 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 months ended November 30, 2025 and 2024, respectively. Contract Balances 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 $ 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. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets. The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues): November 30, 2025 August 31, 2025 Receivables $ 13,931,774 $ 13,065,433 Contract assets (current) 2,074,935 1,919,640 Receivables and contract assets, net of allowance (current) 16,006,709 14,985,073 Contract assets (non-current) 188,147 180,362 Deferred revenues (current) 5,494,732 6,073,170 Deferred revenues (non-current) 727,393 642,361 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 12 3. Earnings Per Share Basic and diluted earnings per share are calculated as follows: Three Months Ended November 30, 2025 November 30, 2024 Basic earnings per share Net income attributable to Accenture plc $ 2,211,561 $ 2,278,894 Basic weighted average Class A ordinary shares 619,307,086 625,676,922 Basic earnings per share $ 3.57 $ 3.64 Diluted earnings per share Net income attributable to Accenture plc $ 2,211,561 $ 2,278,894 Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1) 2,083 2,170 Net income for diluted earnings per share calculation $ 2,213,644 $ 2,281,064 Basic weighted average Class A ordinary shares 619,307,086 625,676,922 Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1) 583,286 595,837 Diluted effect of employee compensation related to Class A ordinary shares 6,044,996 8,185,818 Diluted effect of share purchase plans related to Class A ordinary shares 107,672 197,833 Diluted weighted average Class A ordinary shares (2) 626,043,040 634,656,410 Diluted earnings per share $ 3.54 $ 3.59 (1) Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one -for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests - other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares. (2) The weighted average diluted shares outstanding for the calculation of diluted earnings per share excludes an immaterial amount of shares issuable upon the vesting of restricted stock units because their effects were antidilutive. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 13 4. Accumulated Other Comprehensive Loss 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 November 30, 2025 November 30, 2024 Foreign currency translation Beginning balance $ ( 1,060,062 ) $ ( 1,295,743 ) Foreign currency translation ( 181,886 ) ( 486,087 ) Income tax benefit (expense) 5,805 1,030 Portion attributable to noncontrolling interests 2,908 10,074 Foreign currency translation, net of tax ( 173,173 ) ( 474,983 ) Ending balance ( 1,233,235 ) ( 1,770,726 ) Defined benefit plans Beginning balance ( 195,940 ) ( 254,172 ) Reclassifications into net periodic pension and post-retirement expense 82,373 ( 17,680 ) Income tax benefit (expense) ( 15,490 ) 1,907 Portion attributable to noncontrolling interests ( 63 ) 15 Defined benefit plans, net of tax 66,820 ( 15,758 ) Ending balance ( 129,120 ) ( 269,930 ) Cash flow hedges Beginning balance ( 209,377 ) ( 4,827 ) Unrealized gain (loss) ( 53,907 ) 14,598 Reclassification adjustments into Cost of services 29,354 ( 7,477 ) Income tax benefit (expense) ( 115 ) ( 11,036 ) Portion attributable to noncontrolling interests 23 4 Cash flow hedges, net of tax ( 24,645 ) ( 3,911 ) Ending balance (1) ( 234,022 ) ( 8,738 ) Accumulated other comprehensive loss $ ( 1,596,377 ) $ ( 2,049,394 ) (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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 14 5. Business Combinations 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. 6. Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill by reportable segment are as follows: August 31, 2025 Additions/ Adjustments Foreign Currency Translation November 30, 2025 Americas $ 12,414,698 $ 164,086 $ ( 8,050 ) $ 12,570,734 EMEA 8,036,627 ( 203 ) ( 82,790 ) 7,953,634 Asia Pacific 2,085,091 77,760 ( 65,556 ) 2,097,295 Total $ 22,536,416 $ 241,643 $ ( 156,396 ) $ 22,621,663 Goodwill includes immaterial adjustments related to prior period acquisitions. Intangible Assets Our definite-lived intangible assets by major asset class are as follows: 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 Customer-related $ 3,727,900 $ ( 1,633,719 ) $ 2,094,181 $ 3,735,706 $ ( 1,572,270 ) $ 2,163,436 Technology 298,786 ( 181,721 ) 117,065 294,292 ( 173,864 ) 120,428 Patents 113,359 ( 72,346 ) 41,013 114,739 ( 72,430 ) 42,309 Other 118,113 ( 38,757 ) 79,356 125,255 ( 40,673 ) 84,582 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 $ 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 Remainder of 2026 $ 416,156 2027 494,448 2028 457,049 2029 365,208 2030 267,927 Thereafter 330,827 Total $ 2,331,615 Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 15 7. Shareholders’ Equity Dividends Our dividend activity during the three months ended November 30, 2025 is as follows: Dividend Per Share Accenture plc Class A Ordinary Shares Accenture Canada Holdings Inc. Exchangeable Shares Total Cash Outlay Dividend Payment Date Record Date Cash Outlay Record Date Cash Outlay November 14, 2025 $ 1.63 October 10, 2025 $ 1,008,864 October 9, 2025 $ 952 $ 1,009,816 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 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 16 8. Financial Instruments Derivatives In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts. Cash Flow Hedges 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 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 $ 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: November 30, 2025 August 31, 2025 Assets Cash Flow Hedges Other current assets $ 1,471 $ 13,208 Other non-current assets 983 5,506 Other Derivatives Other current assets 4,819 18,133 Total assets $ 7,273 $ 36,847 Liabilities Cash Flow Hedges Other accrued liabilities $ 142,323 $ 128,285 Other non-current liabilities 119,692 126,793 Other Derivatives Other accrued liabilities 35,549 26,311 Total liabilities $ 297,564 $ 281,389 Total fair value $ ( 290,291 ) $ ( 244,542 ) Total notional value $ 15,539,769 $ 17,201,447 We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows: November 30, 2025 August 31, 2025 Net derivative assets $ 1,832 $ 767 Net derivative liabilities 292,123 245,309 Total fair value $ ( 290,291 ) $ ( 244,542 ) Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 17 9. Borrowings and Indebtedness 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 November 30, 2025 and August 31, 2025 , respectively: November 30, 2025 August 31, 2025 Current portion of long-term debt and bank borrowings Commercial paper (1) $ 99,246 $ 99,963 Other (2) 14,430 14,521 Total current portion of long-term debt and bank borrowings $ 113,676 $ 114,484 Long-term debt Senior notes – 3.90 % due 2027 $ 1,100,000 $ 1,100,000 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 Less: unamortized debt discount and issuance costs ( 31,037 ) ( 32,774 ) Total carrying amount $ 4,968,963 $ 4,967,226 Other (2) 62,683 66,943 Total long-term debt $ 5,031,646 $ 5,034,169 (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 $ 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 Remainder of 2026 $ 100,000 2027 — 2028 1,100,000 2029 — 2030 1,200,000 Thereafter 2,700,000 Total $ 5,100,000 Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 18 As of November 30, 2025, we had the following borrowing facilities: Credit Facilities Syndicated loan facility (1) $ 5,500,000 Separate, uncommitted, unsecured multicurrency revolving credit facilities (2) 2,075,834 Local guaranteed and non-guaranteed lines of credit (3) 297,387 Total $ 7,873,221 (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. We continue to be in compliance with relevant covenant terms. The facility is subject to annual commitment fees. (2) We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. 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 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. 10. Income Taxes We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. 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 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 19 11. Commitments and Contingencies Indemnifications and Guarantees 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 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 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. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote. To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole. Legal Contingencies 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. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition. On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. 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. At 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. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences, including civil and criminal penalties, including under the civil U.S. 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. government. 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. Table of Contents Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed) ACCENTURE FORM 10-Q 20 12. Segment Reporting 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 Less: 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 Less: 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 Communications, Media & Technology $ 3,102,457 $ 2,857,885 Financial Services 3,602,372 3,168,835 Health & Public Service 3,796,837 3,812,609 Products 5,741,241 5,425,317 Resources 2,499,218 2,424,899 Total Revenues $ 18,742,125 $ 17,689,545 Type of Work Consulting $ 9,414,567 $ 9,045,228 Managed Services 9,327,558 8,644,317 Total Revenues $ 18,742,125 $ 17,689,545 Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 21 Item 2. 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, 2025, and with the information under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended August 31, 2025. We use the terms “Accenture,” “we,” “our” and “us” in this report to refer to Accenture plc and its subsidiaries. All references to years, unless otherwise noted, refer to our fiscal year, which ends on August 31. For example, a reference to “fiscal 2026” means the 12-month period that will end on August 31, 2026. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year. We use the term “in local currency” so that certain financial results may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. Financial results “in local currency” are calculated by restating current period activity into U.S. dollars using the comparable prior year period’s foreign currency exchange rates. This approach is used for all results where the functional currency is not the U.S. dollar. Disclosure Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not lim ited to those identified below. Business Risks • Our results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on our clients’ businesses and levels of business activity. • Our business depends on generating and maintaining client demand for our solutions and services, including through the adaptation and expansion of our solutions and services in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations. • Risks and uncertainties related to the development and use of AI, including advanced AI, could harm our business, damage our reputation or give rise to legal or regulatory action. • If we are unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected. • We face legal, reputational and financial risks from any failure to protect client and/or Accenture data from security incidents or cyberattacks. • The markets in which we operate are highly competitive, and we might not be able to compete effectively. • If we do not successfully manage and develop our relationships with our ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected. • Our ability to attract and retain business and employees may depend on our reputation in the marketplace. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 22 Financial Risks • Our profitability could materially suffer due to pricing pressure, if we are unable to remain competitive, if our cost-management strategies are unsuccessful or if we experience delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels. • Changes in our level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on our effective tax rate, results of operations, cash flows and financial condition. • Our results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates. • Our debt obligations could adversely affect our business and financial condition. Operational Risks • As a result of our geographically diverse operations and our strategy to continue to grow in our key markets around the world, we are more susceptible to certain risks. • If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives. • We might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses. Legal and Regulatory Risks • Our business could be materially adversely affected if we incur legal liability. • Our work with government clients exposes us to additional risks inherent in the government contracting environment. • Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business. • If we are unable to protect or enforce our intellectual property rights, or if our solutions or services infringe upon the intellectual property rights of others or we lose our ability to utilize the intellectual property of others, our business could be adversely affected. • We are incorporated in Ireland and Irish law differs from the laws in effect in the United States and might afford less protection to our shareholders. We may also be subject to criticism and negative publicity related to our incorporation in Ireland. For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2025. Our forward-looking statements speak only as of the date of this report or as of the date they are made, and we undertake no obligation to update any forward-looking statements. Table of Contents ACCENTURE FORM 10-Q Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 23 Overview 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. 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. While the discretionary environment is unchanged, clients continue to prioritize large-scale transformations, which include becoming AI-ready. Key Metrics 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 $20.9 billion, an increase of 12% in U.S. dollars and 10% in local currency; • 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; and • Cash returned to shareholders of $3.3 billion, including dividends of $1.0 billion and share purchases of $2.3 billion. Revenues Three Months Ended Percent Increase (Decrease) U.S. Dollars Percent Increase (Decrease) Local Currency Percent of Revenues for the Three Months Ended (in billions of U.S. dollars) 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. Table of Contents ACCENTURE FORM 10-Q