Stock Analysis on Net

Accenture PLC (NYSE:ACN)

$24.99

Income Statement
Quarterly Data

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Accenture PLC, consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018
Revenues
Cost of services
Gross profit
Sales and marketing
General and administrative costs
Business optimization costs
Operating income
Interest income
Interest expense
Other income (expense), net
Loss on disposition of Russia business
Income before income taxes
Income tax expense
Net income
Net income attributable to noncontrolling interests
Net income attributable to Accenture plc

Based on: 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), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30).


Revenues
Revenues exhibit an overall upward trend from November 2018 to May 2025. Starting at approximately 10.6 billion USD, the figures show consistent growth with occasional slight declines, particularly around early 2020 and mid-2022. The revenue peaks notably in November 2024 at around 17.7 billion USD, indicating sustained business expansion over the period.
Cost of Services
The cost of services rises steadily from about 7.3 billion USD in November 2018 to nearly 12 billion USD by May 2025. Cost increments are generally proportional to revenue increases, with some periods showing slight decreases or stabilization, notably during mid-2020, which may reflect temporary cost control or operational adjustments.
Gross Profit
Gross profit follows a positive trajectory from approximately 3.3 billion USD in late 2018 to over 5.8 billion USD by mid-2025. Though fluctuations occur, gross profit margins appear resilient, with peaks coinciding with revenue highs. The data suggests effective management of cost of services relative to revenue, maintaining overall profitability.
Sales and Marketing Expenses
Expenses in sales and marketing increase over the examined timeframe, from around 1.07 billion USD to approximately 1.76 billion USD. Despite some short-term volatility, the steady rise suggests continuous investment in market outreach and brand positioning aligned with revenue growth.
General and Administrative Costs
General and administrative costs exhibit a gradual increase from nearly 600 million USD to above 1 billion USD. Periodic small peaks may indicate enhanced administrative activities or strategic initiatives, but the overall growth trend aligns with the scaling operations of the company.
Business Optimization Costs
Business optimization costs appear only in the last few reported periods, with values ranging from approximately 105 million to 472 million USD. The presence of these costs later in the timeline may reflect specific strategic restructuring or efficiency improvement programs initiated during recent years.
Operating Income
Operating income shows growth from roughly 1.6 billion USD in late 2018 to nearly 3 billion USD by mid-2025. Despite some volatility, the overall trend is positive, supported by increasing revenues and controlled operating expenses, confirming improving operational efficiency.
Interest Income and Expense
Interest income fluctuates without a clear sustained trend, moving between approximately 4.5 million and 103 million USD, with some notable spikes in mid-2022 through 2024. Interest expense similarly fluctuates, showing occasional spikes, sometimes surpassing interest income by a significant margin, suggesting varying borrowing or investment strategies over time.
Other Income (Expense), Net
This category fluctuates widely, with negative values predominating but interspersed with several substantial positive spikes, notably in mid-2020 and mid-2023. These variations may reflect irregular or one-time events impacting net earnings.
Loss on Disposition of Russia Business
A significant loss is recorded once in early 2022 at nearly 96 million USD, indicating a major one-time charge related to divestiture or restructuring of Russian assets.
Income Before Income Taxes
Income before taxes generally increases from about 1.6 billion USD to nearly 3 billion USD, mirroring operating income trends. However, fluctuations reflect variability in non-operating income and expenses.
Income Tax Expense
Income tax expense shows considerable variability, from approximately 235 million USD to over 675 million USD, with spikes typically aligning with periods of higher pre-tax income. The inconsistency suggests changes in effective tax rates, jurisdictional tax variations, or tax planning effects.
Net Income
Net income, both total and attributable to Accenture plc, shows a generally positive trend increasing from around 1.29 billion USD in late 2018 to over 2.3 billion USD by late 2024. Periodic volatility is noted but is relatively contained, signaling robust profitability and controlled financial and operational risks.
Net Income Attributable to Noncontrolling Interests
Amounts attributable to noncontrolling interests remain negative throughout, with fluctuations from approximately -16 million USD to nearly -49 million USD. The persistent negative values indicate a consistent share of losses or minority interest impacts on consolidated earnings.