Accenture sets multi-year growth targets at investor day
Accenture (NYSE: ACN) outlined a three-year financial plan at its investor day, targeting mid- to high-single-digit revenue growth in local currency through fiscal year 2029, along with steady operating margin expansion of 10 to 30 basis points annually.
The company reported fiscal year 2026 revenue of $74.2 billion, up from $61.6 billion in FY2022, with full-year revenue growth of 5% in local currency, reaching the top of its original guidance range of 2% to 5%. Adjusted earnings per share came in at $13.97, above the guided range of $13.52 to $13.90. Free cash flow totaled $11.6 billion, exceeding the upper end of the $9.8 billion to $10.5 billion guidance range. FY2026 bookings totaled $84.5 billion, reflecting a book-to-bill ratio of 1.1x.
For FY2027, Accenture is targeting at least $9.5 billion in cash returned to shareholders, $5.5 billion in share repurchases, and dividend-per-share growth of 5%. The company returned $11.5 billion to shareholders in FY2026, including $2 billion in additional buybacks during the fourth quarter.
Acquisitions are expected to contribute approximately 2% to 2.5% of revenue in FY2027, up from roughly 1.5% in FY2026. The company disclosed approximately $8 billion in acquisition-related capital associated with FY2026, including about $3 billion tied to CyberOT deals, among them Dragos, which was announced in FY2026 and closed in FY2027.
Total headcount reached 814,391 as of August 31, 2026, a 5% increase year over year. Revenue per employee growth accelerated to 5% by the fourth quarter of FY2026, compared with 1% a year earlier.
Consulting and managed services each represent approximately 50% of revenue. By geography, the Americas generated $37 billion, EMEA $27 billion, and Asia-Pacific $11 billion. Accenture said it estimates its total addressable market at $3 trillion.