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Item 1. Financial Statements

2026-06-18 compared with 2026-03-19 · 135 added, 125 removed, 675 unchanged (28% of the section changed)

1 unchanged sentence

Consolidated Balance Sheets

February 28, 2026 and August 31, 2025

February 28, 2026 August 31, 2025

May 31, 2026 and August 31, 2025

May 31, 2026 August 31, 2025

ASSETS (Unaudited)

39 unchanged sentences

SHAREHOLDERS’ EQUITY:

Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of February 28, 2026 and August 31, 2025

Class A ordinary shares, par value $ 0.0000225 per share, 20,000,000,000 shares authorized, 665,095,184 and 657,964,764 shares issued as of February 28, 2026 and August 31, 2025, respectively

Class X ordinary shares, par value $ 0.0000225 per share, 1,000,000,000 shares authorized, 300,673 and 302,358 shares issued and outstanding as of February 28, 2026 and August 31, 2025, respectively

Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of May 31, 2026 and August 31, 2025

Class A ordinary shares, par value $ 0.0000225 per share, 20,000,000,000 shares authorized, 667,466,373 and 657,964,764 shares issued as of May 31, 2026 and August 31, 2025, respectively

Class X ordinary shares, par value $ 0.0000225 per share, 1,000,000,000 shares authorized, 300,673 and 302,358 shares issued and outstanding as of May 31, 2026 and August 31, 2025, respectively

Restricted share units 2,468,623 2,790,652

1 unchanged sentence

Treasury shares, at cost:

Ordinary, 40,000 shares as of February 28, 2026 and August 31, 2025;

Class A ordinary, 50,254,062 and 36,108,842 shares as of February 28, 2026 and August 31, 2025, respectively

Ordinary, 40,000 shares as of May 31, 2026 and August 31, 2025;

Class A ordinary, 55,604,429 and 36,108,842 shares as of May 31, 2026 and August 31, 2025, respectively

( 11,946,797 ) ( 7,751,973 )

11 unchanged sentences

Consolidated Income Statements

For the Three and Six Months Ended February 28, 2026 and 2025

Three Months Ended Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

For the Three and Nine Months Ended May 31, 2026 and 2025

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Revenues $ 18,718,144 $ 17,727,871 $ 55,504,334 $ 52,076,717

22 unchanged sentences

Diluted $ 3.80 $ 3.49 $ 10.27 $ 9.90

Cash dividends per share $ 1.63 $ 1.48 $ 3.26 $ 2.96

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

3 unchanged sentences

Consolidated Statements of Comprehensive Income

For the Three and Six Months Ended February 28, 2026 and 2025

Three Months Ended Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

For the Three and Nine Months Ended May 31, 2026 and 2025

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

NET INCOME $ 2,387,893 $ 2,243,963 $ 6,489,177 $ 6,382,594

15 unchanged sentences

Consolidated Shareholders’ Equity Statement

For the Three Months Ended February 28, 2026

For the Three Months Ended May 31, 2026

Shares Class A

10 unchanged sentences

Shareholders’

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

Balance as of February 28, 2026 $ 57 40 $ 15 665,095 $ — 301 $ 2,098,413 $ 18,683,496 $ ( 10,974,844 ) ( 50,294 ) $ 22,804,025 $ ( 1,400,486 ) $ 31,210,676 $ 1,088,516 $ 32,299,192

Net income 2,338,989 2,338,989 41,573 2,380,562

7 unchanged sentences

Other, net 3,927 3,927 ( 3,565 ) 362

Balance as of February 28, 2026 $ 57 40 $ 15 665,095 $ — 301 $ 2,098,413 $ 18,683,496 $ ( 10,974,844 ) ( 50,294 ) $ 22,804,025 $ ( 1,400,486 ) $ 31,210,676 $ 1,088,516 $ 32,299,192

Balance as of May 31, 2026 $ 57 40 $ 15 667,466 $ — 301 $ 2,468,623 $ 19,142,972 $ ( 11,946,797 ) ( 55,644 ) $ 24,025,992 $ ( 1,800,296 ) $ 31,890,566 $ 1,123,273 $ 33,013,839

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

4 unchanged sentences

Consolidated Shareholders’ Equity Statement — (continued)

For the Three Months Ended February 28, 2025

For the Three Months Ended May 31, 2025

Shares Class A

10 unchanged sentences

Shareholders’

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

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

7 unchanged sentences

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

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

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.

4 unchanged sentences

Consolidated Shareholders’ Equity Statement — (continued)

For the Six Months Ended February 28, 2026

For the Nine Months Ended May 31, 2026

Shares Class A

20 unchanged sentences

Other, net 2,268 2,268 ( 24,187 ) ( 21,919 )

Balance as of February 28, 2026 $ 57 40 $ 15 665,095 $ — 301 $ 2,098,413 $ 18,683,496 $ ( 10,974,844 ) ( 50,294 ) $ 22,804,025 $ ( 1,400,486 ) $ 31,210,676 $ 1,088,516 $ 32,299,192

Balance as of May 31, 2026 $ 57 40 $ 15 667,466 $ — 301 $ 2,468,623 $ 19,142,972 $ ( 11,946,797 ) ( 55,644 ) $ 24,025,992 $ ( 1,800,296 ) $ 31,890,566 $ 1,123,273 $ 33,013,839

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

4 unchanged sentences

Consolidated Shareholders’ Equity Statement — (continued)

For the Six Months Ended February 28, 2025

For the Nine Months Ended May 31, 2025

Shares Class A

20 unchanged sentences

Other, net ( 483 ) ( 483 ) 90 ( 393 )

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

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.

3 unchanged sentences

Consolidated Cash Flows Statements

For the Six Months Ended February 28, 2026 and 2025

February 28, 2026 February 28, 2025

For the Nine Months Ended May 31, 2026 and 2025

May 31, 2026 May 31, 2025

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 six months ended February 28, 2026 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2026.

The results of operations for the three and nine months ended May 31, 2026 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 February 28, 2026 and August 31, 2025, the total allowance for credit losses recorded for client receivables and contract assets was $ 47,103 and $ 32,247 , respectively.

As of May 31, 2026 and August 31, 2025, the total allowance for credit losses recorded for client receivables and contract assets was $ 46,438 and $ 32,247 , respectively.

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

2 unchanged sentences

Our non-current investments are as follows:

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Equity method investments $ 356,422 $ 355,276

7 unchanged sentences

The related share of income or loss is reported as Net income attributable to non-controlling interests – other in the Consolidated Income Statements.

As of February 28, 2026, redeemable noncontrolling interests were $ 475,823 .

We did not hold redeemable noncontrolling interests as of November 30, 2025 or August 31, 2025.

As of May 31, 2026 and February 28, 2026, redeemable noncontrolling interests were $ 493,874 and $ 475,823 , respectively.

The increase was primarily driven by changes to the preliminary opening balance sheet and net income attributable to noncontrolling interests.

We did not hold redeemable noncontrolling interests as of August 31, 2025.

Notes To Consolidated Financial Statements

3 unchanged sentences

Depreciation and Amortization

As of February 28, 2026 and August 31, 2025, total accumulated depreciation was $ 3,102,354 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 and six months ended February 28, 2026 and 2025, respectively.

Three Months Ended Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

As of May 31, 2026 and August 31, 2025, total accumulated depreciation was $ 3,136,005 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 and nine months ended May 31, 2026 and 2025, respectively.

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Depreciation $ 143,592 $ 138,806 $ 429,861 $ 405,714

7 unchanged sentences

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.

The ASU will be effective beginning with our annual fiscal 2026 financial statements, and we plan to adopt the standard on a prospective basis.

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

8 unchanged sentences

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

(In thousands of U.S.

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

ACCENTURE FORM 10-Q

Disaggregation of Revenue

1 unchanged sentence

Remaining Performance Obligations

We had remaining performance obligations of approximately $ 37 billion and $ 34 billion as of February 28, 2026 and August 31, 2025, respectively.

We had remaining performance obligations of approximately $ 38 billion and $ 34 billion as of May 31, 2026 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.

2 unchanged sentences

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 46 % of our remaining performance obligations as of February 28, 2026 as revenue in fiscal 2026, an additional 25 % in fiscal 2027, and the balance thereafter.

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

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

performance obligations.

We expect to recognize approximately 33 % of our remaining performance obligations as of May 31, 2026 as revenue in fiscal 2026, an additional 35 % 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 six months ended February 28, 2026 and 2025, respectively.

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, 2026 and 2025, respectively.

Contract Balances

Deferred transition revenues were $ 827,849 and $ 642,361 as of February 28, 2026 and August 31, 2025, respectively, and are included in Non-current deferred revenues.

The timing of revenue recognition, billings and cash collections results in Receivables, Contract assets, and Contract liabilities (Deferred revenues) on our Consolidated Balance Sheet.

Our receivables are rights to consideration that are conditional only upon the passage of time as compared to our contract assets, which are rights to consideration conditional upon additional factors.

When we bill or receive payments from our clients before revenue is recognized, we record Contract liabilities (Deferred revenues).

Deferred revenues also include payments for transition or set-up activities on managed services contracts, which are deferred and recognized as revenue as the services are provided.

Deferred transition revenues were $ 669,347 and $ 642,361 as of May 31, 2026 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 $ 1,097,567 and $ 1,025,391 as of February 28, 2026 and August 31, 2025, respectively, and are included in Deferred contract costs.

Deferred transition costs were $ 1,136,760 and $ 1,025,391 as of May 31, 2026 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):

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Receivables $ 13,992,742 $ 13,065,433

4 unchanged sentences

Deferred revenues (non-current) 1,038,253 642,361

Changes in the contract asset and liability balances during the six months ended February 28, 2026 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three and six months ended February 28, 2026 that were included in Deferred revenues as of November 30, 2025 and August 31, 2025 were $ 3.0 billion and $ 4.4 billion, respectively.

Revenues recognized during the three and six months ended February 28, 2025 that were included in Deferred revenues as of November 30, 2024 and August 31, 2024 were $ 2.6 billion and $ 3.7 billion, respectively.

Changes in the contract asset and liability balances during the nine months ended May 31, 2026 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, 2026 that were included in Deferred revenues as of February 28, 2026 and August 31, 2025 were $ 3.3 billion and $ 4.9 billion, respectively.

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.

Notes To Consolidated Financial Statements

4 unchanged sentences

Basic and diluted earnings per share are calculated as follows:

Three Months Ended Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

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 Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Foreign currency translation

24 unchanged sentences

Accumulated other comprehensive loss $ ( 1,800,296 ) $ ( 1,485,589 ) $ ( 1,800,296 ) $ ( 1,485,589 )

(1) As of February 28, 2026, $ 206,534 of net unrealized losses related to derivatives designated as cash flow hedges are expected to be reclassified into Cost of services in the next twelve months.

(1) As of May 31, 2026, $ 362,320 of net unrealized losses related to derivatives designated as cash flow hedges are 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 six months ended February 28, 2026, we completed individually immaterial acquisitions for total consideration of $ 1,856,740 , net of cash acquired.

During the nine months ended May 31, 2026, we completed individually immaterial acquisitions for total consideration of $ 2,815,388 , net of cash acquired.

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

3 unchanged sentences

Adjustments Foreign

Translation February 28,

Translation May 31, 2026

Americas $ 12,414,698 $ 1,349,701 $ 16,644 $ 13,781,043

5 unchanged sentences

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

February 28, 2026 August 31, 2025

May 31, 2026 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 $ 4,497,763 $ ( 1,998,771 ) $ 2,498,992 $ 4,269,992 $ ( 1,859,237 ) $ 2,410,755

Total amortization related to our intangible assets was $ 171,754 and $ 324,201 for the three and six months ended February 28, 2026, respectively.

Total amortization related to our intangible assets was $ 152,162 and $ 312,376 for the three and six months ended February 28, 2025, respectively.

Estimated future amortization related to intangible assets held as of February 28, 2026 is as follows:

Total amortization related to our intangible assets was $ 164,352 and $ 488,553 for the three and nine months ended May 31, 2026, respectively.

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

Estimated future amortization related to intangible assets held as of May 31, 2026 is as follows:

Fiscal Year Estimated Amortization

7 unchanged sentences

Shareholders’ Equity

Our dividend activity during the six months ended February 28, 2026 is as follows:

Our dividend activity during the nine months ended May 31, 2026 is as follows:

Share Accenture plc Class A

4 unchanged sentences

February 13, 2026 1.63 January 13, 2026 1,006,750 January 12, 2026 946 1,007,696

May 15, 2026 1.63 April 9, 2026 994,392 April 8, 2026 941 995,333

Total Dividends $ 3,010,006 $ 2,839 $ 3,012,845

1 unchanged sentence

Subsequent Event

On March 18, 2026, 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 April 9, 2026 payable on May 15, 2026.

On June 17, 2026, 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 July 9, 2026 payable on August 14, 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 six months ended February 28, 2026 and 2025, 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 and nine months ended May 31, 2026 and 2025, 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 $ 12,718 and $ 37,448 for the three and six months ended February 28, 2026, respectively, and net losses of $ 12,442 and $ 16,698 for the three and six months ended February 28, 2025, respectively.

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 $ 58,198 and $ 95,646 for the three and nine months ended May 31, 2026, respectively, and net losses of $ 44,798 and $ 61,496 for the three and nine months ended May 31, 2025, 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.

1 unchanged sentence

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

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Cash Flow Hedges

15 unchanged sentences

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

February 28, 2026 August 31, 2025

May 31, 2026 August 31, 2025

Net derivative assets $ 22,909 $ 767

12 unchanged sentences

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 February 28, 2026 and August 31, 2025 , respectively:

February 28, 2026 August 31, 2025

The following is a summary of total outstanding debt as of May 31, 2026 and August 31, 2025 , respectively:

May 31, 2026 August 31, 2025

Current portion of long-term debt and bank borrowings

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Total long-term debt $ 5,029,449 $ 5,034,169

(1) The carrying amounts of the commercial paper as of February 28, 2026 and August 31, 2025 include the remaining principal outstanding of $ 100,000 and $ 100,000 , respectively, net of total unamortized discounts of $ 419 and $ 37 , respectively.

The weighted-average effective interest rate for the commercial paper was 3.8 % and 4.5 % as of February 28, 2026 and August 31, 2025 , respectively.

(1) The carrying amounts of the commercial paper as of May 31, 2026 and August 31, 2025 include the remaining principal outstanding of $ 100,000 and $ 100,000 , respectively, net of total unamortized discounts of $ 588 and $ 37 , respectively.

The weighted-average effective interest rate for the commercial paper was 3.8 % and 4.5 % as of May 31, 2026 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 February 28, 2026.

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

As of February 28, 2026, 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 $ 4.9 billion as of May 31, 2026.

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

As of May 31, 2026, future principal payments for total outstanding debt, excluding finance leases, are summarized as follows:

Fiscal Year Amount

8 unchanged sentences

ACCENTURE FORM 10-Q

As of February 28, 2026, we had the following borrowing facilities:

As of May 31, 2026, we had the following borrowing facilities:

Credit Facilities

Syndicated loan facility (1) $ 5,500,000

Syndicated loan facilities (1) $ 8,100,000

Separate, uncommitted, unsecured multicurrency revolving credit facilities (2) 2,165,593

1 unchanged sentence

Total $ 10,575,069

(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.

(1) On April 22, 2026, we replaced our $ 5.5 billion syndicated 5-year credit facility with a new $ 5.925 billion syndicated 5-year credit facility and a new $ 2.175 billion syndicated 364-day credit facility, maturing on April 22, 2031 and April 21, 2027, respectively, aggregating to $ 8.1 billion.

These facilities provide unsecured, revolving borrowing capacity for general corporate purposes, including the issuance of short-term commercial paper.

The 5-year credit facility also provides for the issuance of letters of credit.

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

We are in compliance with relevant covenant terms.

The facilities are subject to quarterly facility fees.

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

1 unchanged sentence

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

As of February 28, 2026 and August 31, 2025 , we had no borrowings under these facilities.

As of May 31, 2026 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 February 28, 2026 and August 31, 2025 , we had no borrowings under these various facilities.

We had an aggregate of $ 1,393,805 and $ 1,373,620 of letters of credit outstanding and $ 100,000 and $ 100,000 (excluding unamortized discounts) of commercial paper outstanding as of February 28, 2026 and August 31, 2025, respectively.

As of May 31, 2026 and August 31, 2025 , we had no borrowings under these various facilities.

We had an aggregate of $ 1,382,396 and $ 1,373,620 of letters of credit outstanding and $ 100,000 and $ 100,000 (excluding unamortized discounts) of commercial paper outstanding as of May 31, 2026 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 February 28, 2026 and 2025 were 24.3 % and 20.4 %, respectively.

The higher effective tax rate for the three months ended February 28, 2026 was primarily due to reduced tax benefits from share-based payments and final determinations of prior year taxes, partially offset by reduced tax expense from changes in the geographic distribution of earnings.

Our effective tax rates for the six months ended February 28, 2026 and 2025 were 24.4 % and 21.1 %, respectively.

The higher effective tax rate for the six months ended February 28, 2026 was primarily due to reduced tax benefits from adjustments to prior year tax liabilities and share-based payments.

Our effective tax rates for the three months ended May 31, 2026 and 2025 were 24.2 % and 24.0 %, respectively.

Our effective tax rates for the nine months ended May 31, 2026 and 2025 were 24.3 % and 22.1 %, respectively.

The higher effective tax rate for the nine months ended May 31, 2026 was primarily due to reduced tax benefits from share-based payments and adjustments to prior year tax liabilities.

Notes To Consolidated Financial Statements

5 unchanged sentences

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 February 28, 2026 and August 31, 2025, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $ 2,198,000 and $ 2,225,000 , respectively, of which all but approximately $ 57,000 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.

As of May 31, 2026 and August 31, 2025, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $ 2,252,000 and $ 2,225,000 , respectively, of which all but approximately $ 42,000 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 February 28, 2026 and August 31, 2025, we have issued or provided guarantees in the form of letters of credit and surety bonds of $ 2,056,382 ($ 1,844,413 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.

As of May 31, 2026 and August 31, 2025, we have issued or provided guarantees in the form of letters of credit and surety bonds of $ 2,110,687 ($ 1,901,770 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 February 28, 2026, we or our present personnel had been named as a defendant in various litigation matters.

As of May 31, 2026, 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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Our expenses primarily consist of employee compensation costs, subcontractor costs and facilities and technology costs.

Three Months Ended February 28, 2026 Americas EMEA Asia Pacific Total

Three Months Ended May 31, 2026 Americas EMEA Asia Pacific Total

Revenues $ 9,137,772 $ 6,873,448 $ 2,706,924 $ 18,718,144

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Operating income (4) 1,708,098 994,006 473,194 3,175,298

Net assets as of February 28, 2026 (4) 6,147,106 3,016,035 495,697 9,658,838

Property & equipment, net as of February 28, 2026 569,721 513,096 518,006 1,600,823

Three Months Ended February 28, 2025

Net assets as of May 31, 2026 (5) 6,398,459 3,605,463 ( 65,161 ) 9,938,761

Property & equipment, net as of May 31, 2026 561,318 510,831 547,832 1,619,981

Three Months Ended May 31, 2025

Revenues $ 8,966,131 $ 6,231,849 $ 2,529,891 $ 17,727,871

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Operating income (4) 1,719,630 753,093 510,059 2,982,782

Net assets as of February 28, 2025 (4) 5,500,028 3,115,449 637,455 9,252,932

Property & equipment, net as of February 28, 2025 615,276 466,836 428,729 1,510,841

Six Months Ended February 28, 2026 Americas EMEA Asia Pacific Total

Net assets as of May 31, 2025 (5) 5,974,197 3,500,643 88,520 9,563,360

Property & equipment, net as of May 31, 2025 614,590 519,871 476,637 1,611,098

Nine Months Ended May 31, 2026 Americas EMEA Asia Pacific Total

Revenues $ 27,114,233 $ 20,378,072 $ 8,012,029 $ 55,504,334

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Operating income (4) 4,628,492 2,571,244 1,342,807 8,542,543

Net assets as of February 28, 2026 (4) 6,147,106 3,016,035 495,697 9,658,838

Property & equipment, net as of February 28, 2026 569,721 513,096 518,006 1,600,823

Six Months Ended February 28, 2025

Net assets as of May 31, 2026 (5) 6,398,459 3,605,463 ( 65,161 ) 9,938,761

Property & equipment, net as of May 31, 2026 561,318 510,831 547,832 1,619,981

Nine Months Ended May 31, 2025

Revenues $ 26,252,324 $ 18,447,676 $ 7,376,717 $ 52,076,717

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Operating income (4) 4,337,307 2,428,305 1,410,361 8,175,973

Net assets as of February 28, 2025 (4) 5,500,028 3,115,449 637,455 9,252,932

Property & equipment, net as of February 28, 2025 615,276 466,836 428,729 1,510,841

Net assets as of May 31, 2025 (5) 5,974,197 3,500,643 88,520 9,563,360

Property & equipment, net as of May 31, 2025 614,590 519,871 476,637 1,611,098

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

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We recorded a total of $ 923 million under the program, including $ 628 million of employee severance and $ 295 million primarily related to the divestiture of two acquisitions in the Americas.

(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.

(4) We do not allocate items below operating income to our segments.

To reconcile total segment operating income to our consolidated income before income taxes, refer to the Interest income, Interest expense and Other income (expense), net line items on our Consolidated Income Statements.

Notes To Consolidated Financial Statements

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ACCENTURE FORM 10-Q

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

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

Three Months Ended Six Months Ended

February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

Three Months Ended Nine Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Industry Groups

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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.

Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” “strategy,” and similar expressions are used to identify these forward-looking statements.

These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.

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Management’s Discussion and Analysis of Financial Condition and Results of Operations 26

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.

Accenture helps enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed for organizations across industries.

We bring together the talent of our people, with proprietary assets and platforms, deep process and industry expertise, and ecosystem relationships to deliver end-to-end solutions and measurable outcomes at scale.

Through our Reinvention Services, we offer broad expertise across Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song, Supply Chain and Engineering and Talent, with advanced capabilities in AI and Data, Industry and Process, and Technology.

We serve clients in three geographic markets:

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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.

We continue to see significant economic and geopolitical uncertainty in many markets around the world, including as a result of conflict in the Middle East, which has impacted and may continue to impact our business.

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

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

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

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

dollars and 3% in local currency;

• New bookings of $22.1 billion, an increase of 6% in U.S.

• New bookings of $19.3 billion, a decrease of 2% in U.S.

dollars and 3% in local currency;

• Operating margin of 13.8%, compared to operating margin of 13.5% in the second quarter of fiscal 2025;

• Diluted earnings per share of $2.93, compared to diluted earnings per share of $2.82, a 4% increase over the second quarter of fiscal 2025;

• Operating margin of 17.0%, compared to operating margin of 16.8% in the third quarter of fiscal 2025;

• Diluted earnings per share of $3.80, compared to diluted earnings per share of $3.49, a 9% increase over the third quarter of fiscal 2025;

• Cash returned to shareholders of $2.2 billion, including dividends of $1.0 billion and share purchases of $1.2 billion.

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(in billions of U.S.

dollars) February 28, 2026 February 28, 2025 February 28, 2026 February 28, 2025

dollars) May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Geographic Markets Americas $ 9.1 $ 9.0 2 % 1 % 49 % 51 %

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Amounts in table may not total due to rounding.

Revenues for the second quarter of fiscal 2026 increased 8% in U.S.

dollars and 4% in local currency compared to the second quarter of fiscal 2025.

During the second quarter of fiscal 2026, revenue growth in local currency was very strong in Asia Pacific and modest in the Americas and EMEA.

We experienced local currency revenue growth that was very strong in Communications, Media & Technology, strong in Financial Services and modest in Products and Resources, partially offset by a slight decline in Health & Public Service.

Revenue growth in local currency was solid in managed services and modest in consulting.

While the business environment remained competitive, pricing improved in some areas of our business.

Revenues for the third quarter of fiscal 2026 increased 6% in U.S.

dollars and 3% in local currency compared to the third quarter of fiscal 2025.

During the third quarter of fiscal 2026, revenue growth in local currency was very strong in Asia Pacific, solid in EMEA and slight in the Americas.

We experienced local currency revenue growth that was very strong in Communications, Media & Technology, modest in Financial Services and Products, slight in Resources and flat in Health & Public Service.

Revenue growth in local currency was solid in managed services and slight in consulting.

While the business environment remained competitive, pricing was relatively stable.

We define pricing as the contract profitability or margin on the work that we sell.

In our consulting business, revenues for the second quarter of fiscal 2026 increased 7% in U.S.

dollars and 3% in local currency compared to the second quarter of fiscal 2025.

Consulting revenue growth in local currency for the second quarter of fiscal 2026 was driven by very strong growth in Asia Pacific and modest growth in the Americas, partially offset by a modest decline in

In our consulting business, revenues for the third quarter of fiscal 2026 increased 4% in U.S.

dollars and 1% in local currency compared to the third quarter of fiscal 2025.

Consulting revenue growth in local currency for the third quarter of fiscal 2026 was driven by very strong growth in Asia Pacific, while the Americas and EMEA were flat.

Our consulting revenue continues to be

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