Common-Size Income Statement
Quarterly Data
Accenture PLC, common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-K (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30).
- Revenue Stability
- Revenues remained constant at 100% throughout all periods, serving as the baseline for analysis of other financial metrics expressed as a percentage of revenues.
- Cost of Services
- The cost of services consistently ranged roughly between 66.4% and 70.3% of revenues, showing some volatility but generally maintaining near two-thirds of revenue share. Peaks in cost occurred sporadically, notably around February 2021, February 2025, and the earliest periods, which corresponded to lower gross profit margins during those times.
- Gross Profit Trends
- Gross profit as a percentage of revenues fluctuated between approximately 29.7% and 33.6%, inversely related to changes in cost of services. The highest gross margins are seen in quarters when cost of services was at the lower end of its range, indicating effective cost control during those periods.
- Operating Expenses
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- Sales and Marketing
- Sales and marketing expenses remained relatively stable, fluctuating narrowly around 9.4% to 11.3% of revenues, with no clear increasing or decreasing trend.
- General and Administrative Costs
- General and administrative costs showed slightly more variation, ranging from approximately 6.0% to 7.4%, with occasional peaks likely driven by specific operational needs or investments.
- Business Optimization Costs
- Introduced from late 2022 onward, business optimization costs appeared as a new expense item fluctuating mainly between about 0.5% and 3.5% of revenues, suggesting targeted restructuring or efficiency initiatives during those periods.
- Operating Income
- Operating income showed variability, generally in the range of 11.7% to 16.8% of revenues, reflecting the interplay between gross profit fluctuations and operating expenses. Notably, some quarters demonstrated declines in operating income aligned with increased business optimization costs and higher general administrative expenses.
- Net Interest and Other Income/Expense
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- Interest Income and Expense
- Interest income remained modest but showed a gradual increase from near 0.1% to over 0.6% of revenues in later periods. Interest expense was low, typically below 0.4%, but displayed slight variability, occasionally rising close to 0.4%, impacting net interest margin slightly.
- Other Income (Expense), Net
- This item fluctuated around zero with occasional positive spikes (notably 2.26% in August 2020 and 1.22% in May 2023) and some negative readings, indicating irregular or non-operating income and expense impacts on profitability.
- Exceptional Loss
- There was a one-time loss related to the disposition of the Russia business in May 2022, negatively affecting that quarter's financials by about 0.6% of revenues.
- Profitability and Taxation
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- Income Before Taxes
- This metric closely followed operating income patterns, generally oscillating between roughly 11.8% and 16.9% of revenues, reflecting consistent pre-tax profitability.
- Income Tax Expense
- Income tax expense showed considerable variation from approximately 2.3% to over 4.4% of revenues, generally moving inversely to net income levels, suggesting effective tax rate fluctuations over the periods.
- Net Income
- Net income attributable to the company varied between about 8.0% and 12.9% of revenues, with some quarters showing notable declines, likely due to increased expenses or tax effects. The inclusion of noncontrolling interests slightly reduced net income but remained consistent at around 0.15% to 0.3% of revenues.
- Overall Summary
- The financial data reveals stable revenue levels with typical fluctuations in cost of services impacting gross profit margins. Operating income and net income ratios display expected sensitivity to changes in operating expenses, including newly introduced business optimization costs. Interest and other income/expense components contribute marginally to the overall profitability. Tax expenses reflect variability likely tied to effective tax rate management. The appearance of a one-time disposal loss indicates occasional unusual events influencing quarterly results. Overall, the company maintains a consistent profitability profile despite some periodic variability in costs and expenses.