Accenture plc stock research
FY2025 Q2
Accenture (ACN) Gross Margin — Quarter Ended Feb 28, 2025
Revenue, cost of revenue, and gross profit all decreased from the prior quarter, leading to a gross margin decline. Compared with the same quarter last year, revenue and cost of revenue were higher, while gross profit was slightly higher and gross margin was lower.
Gross margin takeaway
Quarter ended Feb 28, 2025 · FY2025 Q2
Revenue, cost of revenue, and gross profit all decreased from the prior quarter, leading to a gross margin decline. Compared with the same quarter last year, revenue and cost of revenue were higher, while gross profit was slightly higher and gross margin was lower.
- Gross profit declined more sharply than revenue on a sequential basis, causing gross margin to weaken. On a year-over-year basis, cost of revenue grew faster than revenue, which pressured margin.
- Compared with the prior quarter, both revenue and gross margin were lower; cost of revenue was slightly lower but gross profit decreased more substantially. Versus the same quarter last year, revenue and cost of revenue were higher, gross profit was slightly higher, and gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
29.9%
Gross profit
$5.0B
Revenue
$16.7B
Cost of revenue
$11.7B
Quarter-over-quarter change
-3.1 pts
Year-over-year change
-1.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Feb 29, 2024 | $15.8B | $4.9B | $10.9B | 30.9% |
| May 31, 2024 | $16.5B | $5.5B | $11.0B | 33.4% |
| Nov 30, 2024 | $17.7B | $5.8B | $11.9B | 32.9% |
| Feb 28, 2025 | $16.7B | $5.0B | $11.7B | 29.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Nov 30, 2024
-3.1 pts
Year-over-year change
Feb 29, 2024
-1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit declined more sharply than revenue on a sequential basis, causing gross margin to weaken. On a year-over-year basis, cost of revenue grew faster than revenue, which pressured margin.
Compared with the prior quarter, both revenue and gross margin were lower; cost of revenue was slightly lower but gross profit decreased more substantially. Versus the same quarter last year, revenue and cost of revenue were higher, gross profit was slightly higher, and gross margin was lower.
Monitor the trajectory of cost of revenue relative to revenue in the coming quarter, as its growth outpace of revenue this quarter narrowed margin.