Accenture plc stock research
FY2026 Q1
Accenture (ACN) Gross Margin — Quarter Ended Nov 30, 2025
Revenue and gross profit both increased, while cost of revenue also rose. The gross margin improved, indicating a larger portion of revenue was retained after covering the cost of revenue.
Gross margin takeaway
Quarter ended Nov 30, 2025 · FY2026 Q1
Revenue and gross profit both increased, while cost of revenue also rose. The gross margin improved, indicating a larger portion of revenue was retained after covering the cost of revenue.
- The strongest observable margin driver is the relationship between revenue growth and cost of revenue growth. Revenue increased at a faster rate than cost of revenue, leading to a higher gross margin.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.1%
Gross profit
$6.2B
Revenue
$18.7B
Cost of revenue
$12.5B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
+0.1 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 |
|---|---|---|---|---|
| Nov 30, 2024 | $17.7B | $5.8B | $11.9B | 32.9% |
| Feb 28, 2025 | $16.7B | $5.0B | $11.7B | 29.9% |
| May 31, 2025 | $17.7B | $5.8B | $11.9B | 32.9% |
| Nov 30, 2025 | $18.7B | $6.2B | $12.5B | 33.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
May 31, 2025
+0.2 pts
Year-over-year change
Nov 30, 2024
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue growth and cost of revenue growth. Revenue increased at a faster rate than cost of revenue, leading to a higher gross margin.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin also improved.
Monitor the trend in cost of revenue relative to revenue to see if the margin improvement can be sustained.