10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended May 31, 2024

OR

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from             to

Commission File Number: 001-34448

Accenture plc

(Exact name of registrant as specified in its charter)

Ireland	98-0627530
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1 Grand Canal Square,

Grand Canal Harbour,

Dublin 2, Ireland

(Address of principal executive offices)

(353) (1) 646-2000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A ordinary shares, par value $0.0000225 per share	ACN	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☑	Accelerated filer	☐	Non-accelerated filer	☐
Smaller reporting company	☐	Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The number of shares of the registrant’s Class A ordinary shares, par value $0.0000225 per share, outstanding as of June 6, 2024 was 671,956,882 (which number includes 45,572,471 issued shares held by the registrant). The number of shares of the registrant’s Class X ordinary shares, par value $0.0000225 per share, outstanding as of June 6, 2024 was 308,754.

Table of Contents

		Page
Part I.	Financial Information	3
Item 1.	Financial Statements	3
	Consolidated Balance Sheets as of May 31, 2024 (Unaudited) and August 31, 2023	3
	Consolidated Income Statements (Unaudited) for the three and nine months ended May 31, 2024 and 2023	4
	Consolidated Statements of Comprehensive Income (Unaudited) for the three and nine months ended May 31, 2024 and 2023	5
	Consolidated Shareholders’ Equity Statement (Unaudited) for the three and nine months ended May 31, 2024 and 2023	6
	Consolidated Cash Flows Statements (Unaudited) for the nine months ended May 31, 2024 and 2023	10
	Notes to Consolidated Financial Statements (Unaudited)	11
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	34
Item 4.	Controls and Procedures	34
Part II.	Other Information	35
Item 1.	Legal Proceedings	35
Item 1A.	Risk Factors	35
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 3.	Defaults Upon Senior Securities	35
Item 4.	Mine Safety Disclosures	36
Item 5.	Other Information	36
Item 6.	Exhibits	36
Signatures		37

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q		3

Part I — Financial Information

Item 1. Financial Statements

Consolidated Balance Sheets

May 31, 2024 and August 31, 2023

	May 31, 2024		August 31, 2023
ASSETS	(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents	$	5,537,217	$	9,045,032
Short-term investments	4,878		4,575
Receivables and contract assets	13,199,388		12,227,186
Other current assets	2,333,935		2,105,138
Total current assets	21,075,418		23,381,931
NON-CURRENT ASSETS:
Contract assets	119,281		106,994
Investments	231,281		197,443
Property and equipment, net	1,451,599		1,530,007
Lease assets	2,587,408		2,637,479
Goodwill	19,842,707		15,573,003
Deferred contract costs	834,045		851,972
Deferred tax assets	4,074,545		4,154,878
Intangibles	2,749,965		2,072,957
Other non-current assets	1,175,070		738,641
Total non-current assets	33,065,901		27,863,374
TOTAL ASSETS	$	54,141,319	$	51,245,305
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	$	1,610,025	$	104,810
Accounts payable	2,251,330		2,491,173
Deferred revenues	5,299,334		4,907,152
Accrued payroll and related benefits	6,416,460		7,506,030
Income taxes payable	557,561		720,778
Lease liabilities	680,484		690,417
Other accrued liabilities	1,392,559		1,588,678
Total current liabilities	18,207,753		18,009,038
NON-CURRENT LIABILITIES:
Long-term debt	68,878		43,093
Deferred revenues	621,251		653,954
Retirement obligation	1,629,907		1,595,638
Deferred tax liabilities	516,745		395,280
Income taxes payable	1,389,233		1,313,971
Lease liabilities	2,242,156		2,310,714
Other non-current liabilities	845,654		465,024
Total non-current liabilities	7,313,824		6,777,674
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Ordinary shares, par value 1.00 euros per share, 40,000 shares authorized and issued as of May 31, 2024 and August 31, 2023	57		57
Class A ordinary shares, par value $0.0000225 per share, 20,000,000,000 shares authorized, 671,948,015 and 664,616,285 shares issued as of May 31, 2024 and August 31, 2023, respectively	15		15
Class X ordinary shares, par value $0.0000225 per share, 1,000,000,000 shares authorized, 308,754 and 325,438 shares issued and outstanding as of May 31, 2024 and August 31, 2023, respectively	—		—
Restricted share units	2,242,122		2,403,374
Additional paid-in capital	15,013,157		12,778,782
Treasury shares, at cost: Ordinary, 40,000 shares as of May 31, 2024 and August 31, 2023; Class A ordinary, 45,326,443 and 36,351,137 shares as of May 31, 2024 and August 31, 2023, respectively	(9,997,842)		(7,062,512)
Retained earnings	22,242,224		19,316,224
Accumulated other comprehensive loss	(1,755,244)		(1,743,101)
Total Accenture plc shareholders’ equity	27,744,489		25,692,839
Noncontrolling interests	875,253		765,754
Total shareholders’ equity	28,619,742		26,458,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	54,141,319	$	51,245,305

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts)
ACCENTURE FORM 10-Q		4

Consolidated Income Statements

For the Three and Nine Months Ended May 31, 2024 and 2023

(Unaudited)

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
REVENUES:
Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
OPERATING EXPENSES:
Cost of services	10,968,377		11,035,515		32,665,784		32,576,567
Sales and marketing	1,750,366		1,738,621		5,091,442		4,852,207
General and administrative costs	1,039,800		1,084,288		3,158,747		3,209,539
Business optimization costs	77,420		346,873		332,493		591,263
Total operating expenses	13,835,963		14,205,297		41,248,466		41,229,576
OPERATING INCOME	2,630,865		2,359,288		7,242,179		6,896,969
Interest income	53,690		81,818		220,939		176,782
Interest expense	(11,334)		(11,208)		(36,134)		(30,122)
Other income (expense), net	(18,851)		201,783		(60,222)		136,576
INCOME BEFORE INCOME TAXES	2,654,370		2,631,681		7,366,762		7,180,205
Income tax expense	673,022		583,346		1,666,231		1,584,887
NET INCOME	1,981,348		2,048,335		5,700,531		5,595,318
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.	(1,901)		(2,101)		(5,592)		(5,790)
Net income attributable to noncontrolling interests – other	(47,264)		(36,238)		(114,453)		(90,934)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Weighted average Class A ordinary shares:
Basic	628,353,267		631,535,162		628,437,255		630,826,230
Diluted	635,607,597		638,743,434		636,611,310		638,404,751
Earnings per Class A ordinary share:
Basic	$	3.07	$	3.18	$	8.88	$	8.72
Diluted	$	3.04	$	3.15	$	8.77	$	8.62
Cash dividends per share	$	1.29	$	1.12	$	3.87	$	3.36

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q		5

Consolidated Statements of Comprehensive Income

For the Three and Nine Months Ended May 31, 2024 and 2023

(Unaudited)

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
NET INCOME	$	1,981,348	$	2,048,335	$	5,700,531	$	5,595,318
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	(55,682)		13,252		(79,263)		210,045
Defined benefit plans	4,876		6,722		46,506		104,941
Cash flow hedges	(47,298)		23,373		20,614		(25,567)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	(98,104)		43,347		(12,143)		289,419
Other comprehensive income (loss) attributable to noncontrolling interests	(2,273)		827		(2,645)		6,165
COMPREHENSIVE INCOME	$	1,880,971	$	2,092,509	$	5,685,743	$	5,890,902
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	$	1,834,079	$	2,053,343	$	5,568,343	$	5,788,013
Comprehensive income attributable to noncontrolling interests	46,892		39,166		117,400		102,889
COMPREHENSIVE INCOME	$	1,880,971	$	2,092,509	$	5,685,743	$	5,890,902

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		6

Consolidated Shareholders’ Equity Statement

For the Three Months Ended May 31, 2024

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of February 29, 2024	$	57	40	$	15	670,405	$	—	315	$	1,863,338	$	14,555,758	$	(8,790,812)	(41,617)	$	21,151,637	$	(1,657,140)	$	27,122,853	$	833,571	$	27,956,424
Net income																	1,932,183				1,932,183		49,165		1,981,348
Other comprehensive income (loss)																			(98,104)		(98,104)		(2,273)		(100,377)
Purchases of Class A shares												1,153		(1,374,593)		(4,289)					(1,373,440)		(1,153)		(1,374,593)
Share-based compensation expense										411,120		62,811									473,931				473,931
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(6)			(8,649)									(8,649)				(8,649)
Issuances of Class A shares for employee share programs						1,543				(62,289)		400,310		167,563		540	(1,474)				504,110		406		504,516
Dividends										29,953							(840,122)				(810,169)		(807)		(810,976)
Other, net												1,774									1,774		(3,656)		(1,882)
Balance as of May 31, 2024	$	57	40	$	15	671,948	$	—	309	$	2,242,122	$	15,013,157	$	(9,997,842)	(45,366)	$	22,242,224	$	(1,755,244)	$	27,744,489	$	875,253	$	28,619,742

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		7

Consolidated Shareholders’ Equity Statement — (continued)

For the Three Months Ended May 31, 2023

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of February 28, 2023	$	57	40	$	15	662,406	$	—	339	$	1,636,155	$	12,163,671	$	(5,593,010)	(31,181)	$	17,500,001	$	(1,944,270)	$	23,762,619	$	694,659	$	24,457,278
Net income																	2,009,996				2,009,996		38,339		2,048,335
Other comprehensive income (loss)																			43,347		43,347		827		44,174
Purchases of Class A shares												703		(787,299)		(2,815)					(786,596)		(703)		(787,299)
Share-based compensation expense										406,504		66,191									472,695				472,695
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(4)			(1,638)									(1,638)				(1,638)
Issuances of Class A shares for employee share programs						1,719				(40,094)		406,315		253,188		632	(82,866)				536,543		473		537,016
Dividends										28,011							(735,013)				(707,002)		(740)		(707,742)
Other, net												2,467									2,467		(3,357)		(890)
Balance as of May 31, 2023	$	57	40	$	15	664,125	$	—	335	$	2,030,576	$	12,637,709	$	(6,127,121)	(33,364)	$	18,692,118	$	(1,900,923)	$	25,332,431	$	729,498	$	26,061,929

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		8

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 2024

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of August 31, 2023	$	57	40	$	15	664,616	$	—	325	$	2,403,374	$	12,778,782	$	(7,062,512)	(36,391)	$	19,316,224	$	(1,743,101)	$	25,692,839	$	765,754	$	26,458,593
Net income																	5,580,486				5,580,486		120,045		5,700,531
Other comprehensive income (loss)																			(12,143)		(12,143)		(2,645)		(14,788)
Purchases of Class A shares												3,356		(3,881,294)		(11,841)					(3,877,938)		(3,356)		(3,881,294)
Share-based compensation expense										1,418,702		120,100									1,538,802				1,538,802
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(16)			(14,922)									(14,922)				(14,922)
Issuances of Class A shares for employee share programs						7,332				(1,677,033)		2,123,575		945,964		2,866	(126,247)				1,266,259		1,064		1,267,323
Dividends										97,079							(2,528,239)				(2,431,160)		(2,450)		(2,433,610)
Other, net												2,266									2,266		(3,159)		(893)
Balance as of May 31, 2024	$	57	40	$	15	671,948	$	—	309	$	2,242,122	$	15,013,157	$	(9,997,842)	(45,366)	$	22,242,224	$	(1,755,244)	$	27,744,489	$	875,253	$	28,619,742

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements (In thousands of U.S. dollars and share amounts)
ACCENTURE FORM 10-Q		9

Consolidated Shareholders’ Equity Statement — (continued)

For the Nine Months Ended May 31, 2023

(Unaudited)

	Ordinary Shares			Class A Ordinary Shares			Class X Ordinary Shares			Restricted Share Units		Additional Paid-in Capital		Treasury Shares			Retained Earnings		Accumulated Other Comprehensive Loss		Total Accenture plc Shareholders’ Equity		Noncontrolling Interests		Total Shareholders’ Equity
	$		No. Shares	$		No. Shares	$		No. Shares					$		No. Shares
Balance as of August 31, 2022	$	57	40	$	15	664,561	$	—	501	$	2,091,382	$	10,679,180	$	(6,678,037)	(33,434)	$	18,203,842	$	(2,190,342)	$	22,106,097	$	640,991	$	22,747,088
Net income																	5,498,594				5,498,594		96,724		5,595,318
Other comprehensive income (loss)																			289,419		289,419		6,165		295,584
Purchases of Class A shares												3,021		(3,321,982)		(12,110)					(3,318,961)		(3,021)		(3,321,982)
Cancellation of treasury shares						(8,828)						(175,701)		2,595,281		8,828	(2,419,580)				—				—
Share-based compensation expense										1,407,869		122,165									1,530,034				1,530,034
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares									(166)			(3,868)									(3,868)				(3,868)
Issuances of Class A shares for employee share programs						8,392				(1,553,088)		2,006,131		1,277,617		3,352	(387,229)				1,343,431		1,206		1,344,637
Dividends										84,413							(2,203,509)				(2,119,096)		(2,235)		(2,121,331)
Other, net												6,781									6,781		(10,332)		(3,551)
Balance as of May 31, 2023	$	57	40	$	15	664,125	$	—	335	$	2,030,576	$	12,637,709	$	(6,127,121)	(33,364)	$	18,692,118	$	(1,900,923)	$	25,332,431	$	729,498	$	26,061,929

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Consolidated Financial Statements  (In thousands of U.S. dollars)
ACCENTURE FORM 10-Q		10

Consolidated Cash Flows Statements

For the Nine Months Ended May 31, 2024 and 2023

(Unaudited)

	May 31, 2024		May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	5,700,531	$	5,595,318
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other	1,571,633		1,639,804
Share-based compensation expense	1,538,802		1,530,034
Deferred tax expense (benefit)	77,743		(136,237)
Other, net	(224,203)		(228,922)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current	(587,215)		(410,214)
Other current and non-current assets	(893,908)		(588,958)
Accounts payable	(348,143)		(242,633)
Deferred revenues, current and non-current	312,882		381,121
Accrued payroll and related benefits	(1,110,890)		(1,064,577)
Income taxes payable, current and non-current	(91,471)		57,745
Other current and non-current liabilities	(204,165)		(417,601)
Net cash provided by (used in) operating activities	5,741,596		6,114,880
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(302,873)		(347,878)
Purchases of businesses and investments, net of cash acquired	(5,239,180)		(1,334,007)
Proceeds from the sale of businesses and investments	20,905		418,113
Other investing, net	6,504		8,392
Net cash provided by (used in) investing activities	(5,514,644)		(1,255,380)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	1,267,323		1,344,637
Purchases of shares	(3,896,216)		(3,325,850)
Proceeds from debt	1,599,033		—
Repayments of debt	(100,000)		—
Cash dividends paid	(2,433,610)		(2,121,331)
Other financing, net	(71,088)		(62,481)
Net cash provided by (used in) financing activities	(3,634,558)		(4,165,025)
Effect of exchange rate changes on cash and cash equivalents	(100,209)		(48,862)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3,507,815)		645,613
CASH AND CASH EQUIVALENTS, beginning of period	9,045,032		7,889,833
CASH AND CASH EQUIVALENTS, end of period	$	5,537,217	$	8,535,446
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	$	1,941,200	$	1,774,337

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		11

1. Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three and nine months ended May 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of May 31, 2024 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $25,155 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	May 31, 2024		August 31, 2023
Equity method investments	$	22,202	$	23,985
Investments without readily determinable fair values	209,079		173,458
Total non-current investments	$	231,281	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		12

Depreciation and Amortization

As of May 31, 2024 and August 31, 2023, total accumulated depreciation was $2,797,314 and $2,574,685, respectively. See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three and nine months ended May 31, 2024 and 2023, respectively.

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Depreciation	$	138,132	$	165,053	$	406,374	$	446,844
Amortization - Deferred transition	74,196		91,480		265,552		247,080
Amortization - Intangible assets	133,097		101,814		364,353		331,095
Operating lease cost	172,293		240,601		520,522		605,329
Other	3,587		2,151		14,832		9,456
Total depreciation, amortization and other	$	521,305	$	601,099	$	1,571,633	$	1,639,804

Business Optimization

During the second quarter of fiscal 2023, we initiated actions to streamline our operations, transform our non-billable corporate functions and consolidate our office space to reduce costs. We recorded $1.1 billion in fiscal 2023 related to these actions and expect to record approximately $450 million in fiscal 2024 for a total of $1.5 billion, primarily related to employee severance. The actual amount and timing of severance and other personnel costs are dependent in part upon local country consultation processes and regulations and may differ from our current expectations and estimates.

Total business optimization costs by reportable operating segment for the three and nine months ended May 31, 2024 and 2023, respectively, were as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
North America	$	(3,677)	$	96,349	$	46,941	$	273,329
EMEA (1)	74,937		167,205		231,302		208,165
Growth Markets (1)	6,160		83,319		54,250		109,769
Total business optimization costs	$	77,420	$	346,873	$	332,493	$	591,263

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

New Accounting Pronouncements

On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Improvements to Reportable Segment Disclosures, which requires entities to enhance disclosures regarding their segments, including significant segment expenses. The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires a retrospective method upon adoption. We are currently evaluating the impact of this standard on our segment disclosures.

On December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		13

2. Revenues

Disaggregation of Revenue

See Note 12 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues.

Remaining Performance Obligations

We had remaining performance obligations of approximately $29 billion and $26 billion as of May 31, 2024 and August 31, 2023, respectively. Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. We expect to recognize approximately 35% of our remaining performance obligations as of May 31, 2024 as revenue in fiscal 2024, an additional 37% in fiscal 2025, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three and nine months ended May 31, 2024 and 2023.

Contract Balances

Deferred transition revenues were $621,251 and $653,954 as of May 31, 2024 and August 31, 2023, respectively, and are included in Non-current deferred revenues. Costs related to these activities are also deferred and are expensed as the services are provided. Deferred transition costs were $834,045 and $851,972 as of May 31, 2024 and August 31, 2023, respectively, and are included in Deferred contract costs. Generally, deferred transition costs are recoverable under the contract in the event of early termination and are monitored regularly for impairment. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets.

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of May 31, 2024		As of August 31, 2023
Receivables	$	11,336,441	$	10,690,713
Contract assets (current)	1,862,947		1,536,473
Receivables and contract assets, net of allowance (current)	13,199,388		12,227,186
Contract assets (non-current)	119,281		106,994
Deferred revenues (current)	5,299,334		4,907,152
Deferred revenues (non-current)	621,251		653,954

Changes in the contract asset and liability balances during the nine months ended May 31, 2024 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three and nine months ended May 31, 2024 that were included in Deferred revenues as of February 29, 2024 and August 31, 2023 were $2.6 billion and $3.9 billion, respectively. Revenues recognized during the three and nine months ended May 31, 2023 that were included in Deferred revenues as of February 28, 2023 and August 31, 2022 were $2.7 billion and $3.7 billion, respectively.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		14

3. Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Basic earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Basic earnings per share	$	3.07	$	3.18	$	8.88	$	8.72
Diluted earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	1,901		2,101		5,592		5,790
Net income for diluted earnings per share calculation	$	1,934,084	$	2,012,097	$	5,586,078	$	5,504,384
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	618,083		660,083		629,556		664,324
Diluted effect of employee compensation related to Class A ordinary shares	6,539,124		6,505,805		7,293,668		6,830,076
Diluted effect of share purchase plans related to Class A ordinary shares	97,123		42,384		250,831		84,121
Diluted weighted average Class A ordinary shares (2)	635,607,597		638,743,434		636,611,310		638,404,751
Diluted earnings per share	$	3.04	$	3.15	$	8.77	$	8.62

(1)Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests - other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

(2)The weighted average diluted shares outstanding for the calculation of diluted earnings per share excludes an immaterial amount of shares issuable upon the vesting of restricted stock units because their effects were antidilutive.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		15

4. Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Foreign currency translation
Beginning balance	$	(1,534,213)	$	(1,655,527)	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	(59,999)		12,897		(85,286)		217,607
Income tax benefit (expense)	2,088		1,152		3,314		(1,479)
Portion attributable to noncontrolling interests	2,229		(797)		2,709		(6,083)
Foreign currency translation, net of tax	(55,682)		13,252		(79,263)		210,045
Ending balance	(1,589,895)		(1,642,275)		(1,589,895)		(1,642,275)
Defined benefit plans
Beginning balance	(184,873)		(250,552)		(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	6,529		8,712		57,337		143,602
Income tax benefit (expense)	(1,650)		(1,984)		(10,787)		(38,552)
Portion attributable to noncontrolling interests	(3)		(6)		(44)		(109)
Defined benefit plans, net of tax	4,876		6,722		46,506		104,941
Ending balance	(179,997)		(243,830)		(179,997)		(243,830)
Cash flow hedges
Beginning balance	61,946		(38,191)		(5,966)		10,749
Unrealized gain (loss)	(47,583)		25,722		49,792		(66,994)
Reclassification adjustments into Cost of services	(10,163)		4,115		(25,609)		24,721
Income tax benefit (expense)	10,401		(6,440)		(3,549)		16,679
Portion attributable to noncontrolling interests	47		(24)		(20)		27
Cash flow hedges, net of tax	(47,298)		23,373		20,614		(25,567)
Ending balance (1)	14,648		(14,818)		14,648		(14,818)
Accumulated other comprehensive loss	$	(1,755,244)	$	(1,900,923)	$	(1,755,244)	$	(1,900,923)

(1)As of May 31, 2024, $25,093 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		16

5. Business Combinations

During the nine months ended May 31, 2024, we completed individually immaterial acquisitions for total consideration of $5,229,853, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

6. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		May 31, 2024
North America	$	8,876,050	$	2,587,017	$	(1,757)	$	11,461,310
EMEA (1)	5,152,149		1,536,517		(30,099)		6,658,567
Growth Markets (1)	1,544,804		207,147		(29,121)		1,722,830
Total	$	15,573,003	$	4,330,681	$	(60,977)	$	19,842,707

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						May 31, 2024
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	3,668,580	$	(1,216,991)	$	2,451,589
Technology	289,989		(141,022)		148,967		328,317		(177,196)		151,121
Patents	123,579		(70,472)		53,107		121,361		(71,860)		49,501
Other	65,138		(36,908)		28,230		132,991		(35,237)		97,754
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	4,251,249	$	(1,501,284)	$	2,749,965

Total amortization related to our intangible assets was $133,097 and $364,353 for the three and nine months ended May 31, 2024, respectively. Total amortization related to our intangible assets was $101,814 and $331,095 for the three and nine months ended May 31, 2023, respectively. Estimated future amortization related to intangible assets held as of May 31, 2024 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	147,127
2025	563,055
2026	504,392
2027	434,977
2028	407,243
Thereafter	693,171
Total	$	2,749,965

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		17

7. Shareholders’ Equity

Dividends

Our dividend activity during the nine months ended May 31, 2024 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056
February 15, 2024	1.29		January 18, 2024	811,766		January 16, 2024	812		812,578
May 15, 2024	1.29		April 11, 2024	810,169		April 9, 2024	807		810,976
Total Dividends				$	2,431,160		$	2,450	$	2,433,610

The payment of cash dividends includes the net effect of $97,079 of additional restricted stock units being issued as a part of our share plans, which resulted in 290,133 restricted share units being issued.

Subsequent Event

On June 19, 2024, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.29 per share on our Class A ordinary shares for shareholders of record at the close of business on July 11, 2024 payable on August 15, 2024.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		18

8. Financial Instruments

Derivatives

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three and nine months ended May 31, 2024 and 2023, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $57,232 and $103,568 for the three and nine months ended May 31, 2024, respectively, and net losses of $72,091 and $94,351 for the three and nine months ended May 31, 2023, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	May 31, 2024		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	59,171	$	52,995
Other non-current assets	46,783		44,739
Other Derivatives
Other current assets	6,607		6,686
Total assets	$	112,561	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	34,078	$	50,020
Other non-current liabilities	24,997		26,076
Other Derivatives
Other accrued liabilities	36,430		38,645
Total liabilities	$	95,505	$	114,741
Total fair value	$	17,056	$	(10,321)
Total notional value	$	14,140,492	$	13,390,031

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	May 31, 2024		August 31, 2023
Net derivative assets	$	74,283	$	50,528
Net derivative liabilities	57,227		60,849
Total fair value	$	17,056	$	(10,321)

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		19

9. Borrowings and Indebtedness

As of May 31, 2024 and August 31, 2023, we had total outstanding debt of $1,678,903 and $147,903, respectively.

As of May 31, 2024, we had the following borrowing facilities:

	Credit Facilities
Syndicated loan facility (1)	$	5,500,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	1,945,719
Local guaranteed and non-guaranteed lines of credit (3)	275,676
Total	$	7,721,395

(1)On May 14, 2024, we replaced our $3,000,000 syndicated 5-year credit facility with a new $5,500,000 syndicated credit facility maturing on May 14, 2029. This facility provides unsecured, revolving borrowing capacity for general corporate capital purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We are in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of May 31, 2024, we had $1,606,900 of commercial paper outstanding (excluding unamortized discounts), and backed by this facility, with a weighted-average effective interest rate of 5.4%. As of August 31, 2023, we had $100,000 of commercial paper outstanding backed by our $3,000,000 syndicated 5-year credit facility, with a weighted-average effective interest rate of 5.4%.

(2)We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of May 31, 2024 and August 31, 2023, we had no borrowings under these facilities.

(3)We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of May 31, 2024 and August 31, 2023, we had no borrowings under these various facilities.

We had an aggregate of $1,172,422 and $1,080,819 of letters of credit outstanding and $1,606,900 (excluding unamortized discounts) and $100,000 of commercial paper outstanding as of May 31, 2024 and August 31, 2023, respectively. The amount of letters of credit and commercial paper outstanding reduces the available borrowing capacity under the facilities described above.

10. Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended May 31, 2024 and 2023 were 25.4% and 22.2%, respectively. The higher effective tax rate for the three months ended May 31, 2024 was primarily due to the tax impact in the prior year from an investment gain and higher expense from adjustments to prior year tax liabilities. Our effective tax rates for the nine months ended May 31, 2024 and 2023 were 22.6% and 22.1%, respectively. The higher effective tax rate for the nine months ended May 31, 2024 was primarily due to the tax impact in the prior year from an investment gain.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		20

11. Commitments and Contingencies

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of May 31, 2024 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $2,192,000 and $1,793,000, respectively, of which all but approximately $59,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of May 31, 2024 and August 31, 2023, we have issued or provided guarantees in the form of letters of credit and surety bonds of $1,654,531 and $1,294,653, respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance. These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of May 31, 2024, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. We are appealing the district court's decision. We continue to believe the lawsuit is without merit and we will vigorously defend it. At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences as described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended August 31, 2023 – “Our work with government clients exposes us to additional risks inherent in the government contracting environment”. We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs that are reasonably likely to be incurred in connection with this matter.

Table of Contents	Notes To Consolidated Financial Statements (In thousands of U.S. dollars, except share and per share amounts or as otherwise disclosed)
ACCENTURE FORM 10-Q		21

12. Segment Reporting

Our reportable segments are our three geographic markets, which are North America, EMEA and Growth Markets.

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	7,834,206	$	7,720,903	$	22,773,920	$	22,741,597
EMEA (2)	5,776,624		5,872,107		17,179,116		16,739,688
Growth Markets (1) (2)	2,855,998		2,971,575		8,537,609		8,645,260
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Industry Groups
Communications, Media & Technology	$	2,763,076	$	2,880,187	$	8,086,661	$	8,745,192
Financial Services	2,894,753		3,138,181		8,737,261		9,104,444
Health & Public Service	3,515,264		3,266,347		10,226,769		9,289,961
Products	4,983,422		4,968,399		14,605,247		14,352,759
Resources	2,310,313		2,311,471		6,834,707		6,634,189
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Type of Work
Consulting	$	8,457,169	$	8,693,030	$	24,934,709	$	25,416,160
Managed Services	8,009,659		7,871,555		23,555,936		22,710,385
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545

	Operating Income
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	1,365,072	$	1,241,245	$	3,682,156	$	3,374,986
EMEA (2)	749,859		670,330		2,102,472		2,012,616
Growth Markets (1) (2)	515,934		447,713		1,457,551		1,509,367
Total Operating Income	$	2,630,865	$	2,359,288	$	7,242,179	$	6,896,969

(1)As announced on June 11, 2024, effective September 1, 2024, our Latin America market unit will move from Growth Markets to North America. With this change, North America will become The Americas market and Growth Markets will become the Asia Pacific market.

(2)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	22

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our Consolidated Financial Statements and related Notes included elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended August 31, 2023, and with the information under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended August 31, 2023.

We use the terms “Accenture,” “we,” “our” and “us” in this report to refer to Accenture plc and its subsidiaries. All references to years, unless otherwise noted, refer to our fiscal year, which ends on August 31. For example, a reference to “fiscal 2024” means the 12-month period that will end on August 31, 2024. All references to quarters, unless otherwise noted, refer to the quarters of our fiscal year.

We use the term “in local currency” so that certain financial results may be viewed without the impact of foreign currency exchange rate fluctuations, thereby facilitating period-to-period comparisons of business performance. Financial results “in local currency” are calculated by restating current period activity into U.S. dollars using the comparable prior year period’s foreign currency exchange rates. This approach is used for all results where the functional currency is not the U.S. dollar.

Disclosure Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) relating to our operations, results of operations and other matters that are based on our current expectations, estimates, assumptions and projections. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to those identified below.

Business Risks

•Our results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on our clients’ businesses and levels of business activity.

•Our business depends on generating and maintaining client demand for our services and solutions, including through the adaptation and expansion of our services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations.

•If we are unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected.

•We face legal, reputational and financial risks from any failure to protect client and/or Accenture data from security incidents or cyberattacks.

•The markets in which we operate are highly competitive, and we might not be able to compete effectively.

•Our ability to attract and retain business and employees may depend on our reputation in the marketplace.

•If we do not successfully manage and develop our relationships with key ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Financial Risks

•Our profitability could materially suffer if we are unable to obtain favorable pricing for our services and solutions, if we are unable to remain competitive, if our cost-management strategies are unsuccessful or if we experience delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels.

•Changes in our level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on our effective tax rate, results of operations, cash flows and financial condition.

•Our results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates.

•Changes to accounting standards or in the estimates and assumptions we make in connection with the preparation of our consolidated financial statements could adversely affect our financial results.

Operational Risks

•As a result of our geographically diverse operations and strategy to continue to grow in key markets around the world, we are more susceptible to certain risks.

•If we are unable to manage the organizational challenges associated with our size, we might be unable to achieve our business objectives.

•We might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses.

Legal and Regulatory Risks

•Our business could be materially adversely affected if we incur legal liability.

•Our global operations expose us to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm our business.

•Our work with government clients exposes us to additional risks inherent in the government contracting environment.

•If we are unable to protect or enforce our intellectual property rights, or if our services or solutions infringe upon the intellectual property rights of others or we lose our ability to utilize the intellectual property of others, our business could be adversely affected.

•We are incorporated in Ireland and Irish law differs from the laws in effect in the United States and might afford less protection to our shareholders. We may also be subject to criticism and negative publicity related to our incorporation in Ireland.

For a more detailed discussion of these factors, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2023. Our forward-looking statements speak only as of the date of this report or as of the date they are made, and we undertake no obligation to update any forward-looking statements.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	24

Overview

Accenture is a leading global professional services company, providing a broad range of services and solutions across Strategy & Consulting, Technology, Operations, Industry X and Song. We serve clients in three geographic markets: North America, EMEA (Europe, Middle East and Africa) and Growth Markets (Asia Pacific and Latin America). We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability to help the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. As announced on June 11, 2024, effective September 1, 2024, our Latin America market unit will move from Growth Markets to North America. With this change, North America will become The Americas market and Growth Markets will become the Asia Pacific market.

Our results of operations are affected by economic conditions, including macroeconomic conditions, the overall inflationary environment and levels of business confidence. There continues to be significant economic and geopolitical uncertainty in many markets around the world, which has impacted and may continue to impact our business. These conditions have slowed the pace and level of client spending, particularly for smaller contracts with a shorter duration and for our consulting services. Clients continue to prioritize large-scale transformations, which convert to revenue over a longer period.

Key Metrics

Key metrics for the third quarter of fiscal 2024 compared to the third quarter of fiscal 2023 are included below. We have presented operating income, operating margin, effective tax rate and diluted earnings per share on a non-GAAP or “adjusted” basis to exclude the impact of $77 million and $347 million, respectively, in business optimization costs recorded during the third quarter of fiscal 2024 and 2023 and, with respect to effective tax rate and diluted earnings per share, the impact of a $253 million investment gain related to our investment in Duck Creek Technologies recorded during the third quarter of fiscal 2023 as discussed further in our Results of Operations. For additional information regarding business optimization costs, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

•Revenues of $16.5 billion, a decrease of 1% in U.S. dollars and an increase of 1% in local currency;

•New bookings of $21.1 billion, an increase of 22% in U.S. dollars and 26% in local currency;

•Operating margin of 16.0%, compared to 14.2% in the third quarter of fiscal 2023; adjusted operating margin was 16.4% compared to 16.3% in the third quarter of fiscal 2023;

•Diluted earnings per share of $3.04, a 3% decrease from $3.15 in the third quarter of fiscal 2023; adjusted earnings per share decreased 2% to $3.13 compared to $3.19 in the third quarter of fiscal 2023; and

•Cash returned to shareholders of $2.2 billion, including share purchases of $1.4 billion and dividends of $811 million.

Revenues

		Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent Increase (Decrease) Local Currency		Percent of Revenues for the Three Months Ended
(in billions of U.S. dollars)		May 31, 2024		May 31, 2023						May 31, 2024		May 31, 2023
Geographic Markets	North America	$	7.8	$	7.7	1	%	1	%	48	%	47	%
	EMEA (1)	5.8		5.9		(2)		(2)		35		35
	Growth Markets (1)	2.9		3.0		(4)		8		17		18
	Total Revenues	$	16.5	$	16.6	(1)	%	1	%	100	%	100	%
Industry Groups	Communications, Media & Technology	$	2.8	$	2.9	(4)	%	(1)	%	17	%	17	%
	Financial Services	2.9		3.1		(8)		(5)		18		19
	Health & Public Service	3.5		3.3		8		9		21		20
	Products	5.0		5.0		—		2		30		30
	Resources	2.3		2.3		—		3		14		14
	Total Revenues	$	16.5	$	16.6	(1)	%	1	%	100	%	100	%
Type of Work	Consulting	$	8.5	$	8.7	(3)	%	(1)	%	51	%	52	%
	Managed Services	8.0		7.9		2		4		49		48
	Total Revenues	$	16.5	$	16.6	(1)	%	1	%	100	%	100	%

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	25

Revenues for the third quarter of fiscal 2024 decreased 1% in U.S. dollars and increased 1% in local currency compared to the third quarter of fiscal 2023. During the third quarter of fiscal 2024, revenue growth in local currency was very strong in Growth Markets and slight in North America, partially offset by a modest decline in EMEA. We experienced local currency revenue growth that was very strong in Health & Public Service and modest in Resources and Products, partially offset by a decline in Financial Services and a slight decline in Communications, Media & Technology. Revenue growth in local currency was solid in managed services, partially offset by a slight decline in consulting. The business environment is competitive, and we continue to experience lower pricing across the business. We define pricing as contract profitability or margin on the work that we sell.

In our consulting business, revenues for the third quarter of fiscal 2024 decreased 3% in U.S. dollars and 1% in local currency compared to the third quarter of fiscal 2023. The decline in consulting revenue in local currency for the third quarter of fiscal 2024 was driven by a decline in EMEA, partially offset by solid growth in Growth Markets and modest growth in North America. Our consulting revenue continues to be driven by helping our clients accelerate their digital transformation, including moving to the cloud, embedding security across the enterprise and adopting new technologies. In addition, clients continue to be focused on initiatives designed to deliver cost savings and operational efficiency, as well as projects to accelerate growth and improve customer experiences. While we continue to experience demand for these services, we are seeing a slower pace and level of client spending, especially for smaller contracts with a shorter duration.

In our managed services business, revenues for the third quarter of fiscal 2024 increased 2% in U.S. dollars and 4% in local currency compared to the third quarter of fiscal 2023. Managed services revenue growth in local currency for the third quarter of fiscal 2024 was driven by very strong growth in Growth Markets, modest growth in EMEA and slight growth in North America. We continue to experience growing demand to assist clients with application modernization and maintenance, cloud enablement and cybersecurity-as-a-service. In addition, clients continue to be focused on transforming their operations through technology, data and AI, and leveraging our digital platforms and talent to drive productivity and operational cost savings.

As we are a global company, our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations. While a significant portion of our revenues are in U.S. dollars, the majority of our revenues are denominated in other currencies, including the Euro, Japanese yen and U.K. pound. There continues to be volatility in foreign currency exchange rates. Unfavorable fluctuations in foreign currency exchange rates have had and could in the future have a material effect on our financial results. If the U.S. dollar weakens against other currencies, resulting in favorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be higher. If the U.S. dollar strengthens against other currencies, resulting in unfavorable currency translation, our revenues, revenue growth and results of operations in U.S. dollars may be lower. The U.S. dollar strengthened against various currencies during the third quarter of fiscal 2024 compared to the third quarter of fiscal 2023, resulting in unfavorable currency translation and U.S. dollar revenue growth that was approximately 2% lower than our revenue growth in local currency. There was minimal currency translation impact for the nine months ended May 31, 2024 compared to the nine months ended May 31, 2023. Assuming that exchange rates stay within recent ranges for the remainder of fiscal 2024, we estimate that our full fiscal 2024 revenue growth in U.S. dollars will be approximately 0.7% lower than our revenue growth in local currency.

People Metrics

Utilization	Workforce	Annualized Voluntary Attrition
92%	750,000+	14%
compared to 91% in the third quarter of fiscal 2023	compared to approximately 732,000 as of May 31, 2023	compared to 13% in the third quarter of fiscal 2023

Utilization for the third quarter of fiscal 2024 was 92%, compared to 91% in the third quarter of fiscal 2023. We hire to meet current and projected future demand. We proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our services and solutions, given that compensation costs are the most significant portion of our operating expenses. Our workforce, the majority of which serves our clients, increased to approximately 750,000 as of May 31, 2024, compared to approximately 732,000 as of May 31, 2023. The year-over-year increase in our workforce reflects people added in connection with acquisitions and hiring for specific skills.

For the third quarter of fiscal 2024, annualized attrition, excluding involuntary terminations, was 14%, up from 13% in the third quarter of fiscal 2023. We evaluate voluntary attrition, adjust levels of new hiring and use involuntary terminations as a means to keep our supply of skills and resources in balance with changes in client demand.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	26

In addition, we adjust compensation to provide market relevant pay based on the skills of our people and locations where we operate. We also consider a variety of factors, including the macroeconomic environment, in making our decisions around pay and benefits. We strive to adjust pricing as well as drive cost and delivery efficiencies, such as changing the mix of people and utilizing technology, to reduce the impact of compensation increases on our margin and contract profitability.

Our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to: match people and skills with the types or amounts of services and solutions clients are demanding; recover or offset increases in compensation; deploy our employees globally on a timely basis; manage attrition; and/or effectively assimilate new employees.

New Bookings

	Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent  Increase (Decrease) Local  Currency		Nine Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent  Increase (Decrease) Local  Currency
(in billions of U.S. dollars)	May 31, 2024		May 31, 2023						May 31, 2024		May 31, 2023
Consulting	$	9.3	$	8.9	4	%	8	%	$	28.4	$	27.7	3	%	4	%
Managed Services	11.8		8.3		42		46		32.7		27.9		17		18
Total New Bookings	$	21.1	$	17.2	22	%	26	%	$	61.1	$	55.6	10	%	11	%

We provide information regarding our new bookings, which include new contracts, including those acquired through acquisitions, as well as renewals, extensions and changes to existing contracts, because we believe doing so provides useful trend information regarding changes in the volume of our new business over time. New bookings can vary significantly quarter to quarter depending in part on the timing of the signing of a small number of large managed services contracts. The types of services and solutions clients are demanding and the pace and level of their spending may impact the conversion of new bookings to revenues. For example, managed services bookings, which are typically for multi-year contracts, generally convert to revenue over a longer period of time compared to consulting bookings.

Information regarding our new bookings is not comparable to, nor should it be substituted for, an analysis of our revenues over time. New bookings involve estimates and judgments. There are no third-party standards or requirements governing the calculation of bookings. We do not update our new bookings for material subsequent terminations or reductions related to bookings originally recorded in prior fiscal years. New bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations.

The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Only the non-cancelable portion of these contracts is included in our remaining performance obligations disclosed in Note 2 (Revenues) to our Consolidated Financial Statements under Item 1, “Financial Statements.” Accordingly, a significant portion of what we consider contract bookings is not included in our remaining performance obligations.

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Results of Operations for the Three and Nine Months Ended May 31, 2024 Compared to the Three and Nine Months Ended May 31, 2023

Revenues

Revenues by geographic market, industry group and type of work are as follows:

	Three Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent Increase (Decrease) Local Currency		Nine Months Ended				Percent Increase (Decrease) U.S. Dollars		Percent Increase (Decrease) Local Currency
(in millions of U.S. dollars)	May 31, 2024		May 31, 2023						May 31, 2024		May 31, 2023
Geographic Markets
North America	$	7,834	$	7,721	1	%	1	%	$	22,774	$	22,742	—	%	—	%
EMEA (1)	5,777		5,872		(2)		(2)		17,179		16,740		3		(1)
Growth Markets (1)	2,856		2,972		(4)		8		8,538		8,645		(1)		6
Total	$	16,467	$	16,565	(1)	%	1	%	$	48,491	$	48,127	1	%	1	%
Industry Groups
Communications, Media & Technology	$	2,763	$	2,880	(4)	%	(1)	%	$	8,087	$	8,745	(8)	%	(6)	%
Financial Services	2,895		3,138		(8)		(5)		8,737		9,104		(4)		(4)
Health & Public Service	3,515		3,266		8		9		10,227		9,290		10		10
Products	4,983		4,968		—		2		14,605		14,353		2		1
Resources	2,310		2,311		—		3		6,835		6,634		3		4
Total	$	16,467	$	16,565	(1)	%	1	%	$	48,491	$	48,127	1	%	1	%
Type of Work
Consulting	$	8,457	$	8,693	(3)	%	(1)	%	$	24,935	$	25,416	(2)	%	(2)	%
Managed Services	8,010		7,872		2		4		23,556		22,710		4		4
Total	$	16,467	$	16,565	(1)	%	1	%	$	48,491	$	48,127	1	%	1	%

Amounts in table may not total due to rounding.

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Geographic Markets

The following revenues commentary discusses the primary drivers of local currency revenue changes by geographic market for the three and nine months ended May 31, 2024 compared to the three and nine months ended May 31, 2023:

North America

•Three Months. Revenues increased 1% in local currency, led by growth in Public Service, partially offset by a decline in Banking & Capital Markets. Revenue growth was driven by the United States.

•Nine Months. Revenues were flat in local currency, as growth in Public Service was offset by declines in Banking & Capital Markets, Software & Platforms, and Communications & Media.

EMEA

•Three Months. Revenues decreased 2% in local currency, due to declines in Banking & Capital Markets and Communications & Media, partially offset by growth in Public Service. The decline in revenues was driven by France, partially offset by revenue growth in Italy.

•Nine Months. Revenues decreased 1% in local currency, due to declines in Communications & Media and Banking & Capital Markets, partially offset by growth in Public Service. The decline in revenues was driven by the United Kingdom and France, partially offset by revenue growth in Italy.

Growth Markets

•Three Months. Revenues increased 8% in local currency, led by growth in Banking & Capital Markets and Industrial. Revenue growth was driven by Argentina and Japan, partially offset by a decline in Australia. Argentina revenues grew in local currency primarily due to hyperinflation.

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•Nine Months. Revenues increased 6% in local currency, led by growth in Banking & Capital Markets, Chemicals & Natural Resources and Industrial. Revenue growth was driven by Japan and Argentina, partially offset by declines in Australia and Brazil. Argentina revenues grew in local currency due to hyperinflation, but declined slightly in U.S. dollars.

Operating Expenses

Operating expenses for the third quarter of fiscal 2024 decreased $369 million, or 3%, compared to the third quarter of fiscal 2023, and decreased as a percentage of revenues to 84.0% from 85.8% during this period. Operating expenses for the nine months ended May 31, 2024 increased $19 million compared to the nine months ended May 31, 2023, and decreased as a percentage of revenues to 85.1% from 85.7% during this period.

The primary categories of operating expenses include Cost of services, Sales and marketing and General and administrative costs. Cost of services is primarily driven by the cost of people serving our clients, which consists mainly of compensation, subcontractor and other payroll costs, and non-payroll costs such as facilities, technology and travel. Cost of services includes a variety of activities such as: contract delivery; recruiting and training; software development; and integration of acquisitions. Sales and marketing costs are driven primarily by compensation costs for business development activities; marketing- and advertising-related activities; and certain acquisition-related costs. General and administrative costs primarily include costs for people that are non-client-facing, information systems, office space and certain acquisition-related costs.

Operating expenses by category are as follows:

	Three Months Ended										Nine Months Ended
(in millions of U.S. dollars)	May 31, 2024				May 31, 2023				Increase (Decrease)		May 31, 2024				May 31, 2023				Increase (Decrease)
Operating Expenses	$	13,836	84.0	%	$	14,205	85.8	%	$	(369)	$	41,248	85.1	%	$	41,230	85.7	%	$	19
Cost of services	10,968		66.6		11,036		66.6		(67)		32,666		67.4		32,577		67.7		89
Sales and marketing	1,750		10.6		1,739		10.5		12		5,091		10.5		4,852		10.1		239
General and administrative costs	1,040		6.3		1,084		6.5		(44)		3,159		6.5		3,210		6.7		(51)
Business optimization costs	77		0.5		347		2.1		(269)		332		0.7		591		1.2		(259)

Amounts in table may not total due to rounding.

Cost of Services

Cost of services for the third quarter of fiscal 2024 decreased $67 million, or 1%, from the third quarter of fiscal 2023, and remained flat as a percentage of revenues at 66.6% during this period. Gross margin for the third quarter of fiscal 2024 remained flat as a percentage of revenues at 33.4% compared to the third quarter of fiscal 2023 as lower labor costs were offset by higher non-payroll costs, primarily for travel.

Cost of services for the nine months ended May 31, 2024 increased $89 million over the nine months ended May 31, 2023, and decreased as a percentage of revenues to 67.4% from 67.7% during this period. Gross margin for the nine months ended May 31, 2024 increased to 32.6% compared to 32.3% during the nine months ended May 31, 2023. The increase in gross margin was primarily due to lower labor costs, partially offset by higher non-payroll costs, primarily for travel compared to the same period in fiscal 2023.

Sales and Marketing

Sales and marketing expense for the third quarter of fiscal 2024 increased $12 million, or 1%, over the third quarter of fiscal 2023, and increased as a percentage of revenues to 10.6% compared to 10.5% during this period. Sales and marketing expense for the nine months ended May 31, 2024 increased $239 million, or 5%, over the nine months ended May 31, 2023, and increased as a percentage of revenues to 10.5% compared to 10.1% during this period. The increase as a percentage of revenues for the nine months ended May 31, 2024 was due to higher selling and other business development costs compared to the same period in fiscal 2023.

General and Administrative Costs

General and administrative costs for the third quarter of fiscal 2024 decreased $44 million, or 4%, from the third quarter of fiscal 2023, and decreased as a percentage of revenues to 6.3% from 6.5% during this period. General and administrative costs for the nine months ended May 31, 2024 decreased $51 million, or 2%, from the nine months ended May 31, 2023, and decreased as a percentage of revenues to 6.5% from 6.7% during this period.

Business Optimization Costs

During the third quarter of fiscal 2024 and 2023, we recorded business optimization costs of $77 million and $347 million, respectively, primarily for employee severance. During the nine months ended May 31, 2024 and 2023, we recorded business optimization costs of $332 million and $591 million, respectively, primarily for employee severance. For additional information, see Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	29

Non-GAAP Financial Measures

We have presented operating income, operating margin, effective tax rate and diluted earnings per share on a non-GAAP or "adjusted" basis excluding the business optimization costs recorded in fiscal 2024 and fiscal 2023, and, with respect to effective tax rate and diluted earnings per share, the impact of an investment gain recorded in fiscal 2023, as we believe doing so facilitates understanding as to the impact of these items and our performance in comparison to the prior periods. While we believe that this non-GAAP financial information is useful in evaluating our operations, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with GAAP.

Operating Income and Operating Margin

Operating income and operating margin for each of the geographic markets are as follows:

	Three Months Ended										Nine Months Ended
	May 31, 2024				May 31, 2023						May 31, 2024				May 31, 2023
(in millions of U.S. dollars)	Operating Income		Operating Margin		Operating Income		Operating Margin		Increase (Decrease)		Operating Income		Operating Margin		Operating Income		Operating Margin		Increase (Decrease)
North America	$	1,365	17	%	$	1,241	16	%	$	124	$	3,682	16	%	$	3,375	15	%	$	307
EMEA (1)	750		13		670		11		80		2,102		12		2,013		12		90
Growth Markets (1)	516		18		448		15		68		1,458		17		1,509		17		(52)
Total	$	2,631	16.0	%	$	2,359	14.2	%	$	272	$	7,242	14.9	%	$	6,897	14.3	%	$	345

Amounts in table may not total due to rounding.

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Operating income for the third quarter of fiscal 2024 increased $272 million, or 12%, compared with the third quarter of fiscal 2023. Operating margin for the third quarter of fiscal 2024 was 16.0%, compared with 14.2% for the third quarter of fiscal 2023. Operating income for the nine months ended May 31, 2024 increased $345 million, or 5%, compared with the nine months ended May 31, 2023. Operating margin for the nine months ended May 31, 2024 was 14.9%, compared with 14.3% for the nine months ended May 31, 2023.

Geographic Markets

We estimate that the aggregate percentage impact of foreign currency exchange rates on our operating income during the three and nine months ended May 31, 2024 was similar to that disclosed for revenue for each geographic market. The commentary below provides insight into other factors affecting geographic market performance and operating income, including the impact of foreign currency exchange rates where significant, for the three and nine months ended May 31, 2024 compared with the three and nine months ended May 31, 2023:

North America

•Three Months. Operating income increased primarily due to lower business optimization costs and lower labor costs, partially offset by a decline in consulting contract profitability and higher acquisition-related costs.

•Nine Months. Operating income increased primarily due to lower business optimization costs and lower labor costs, partially offset by a decline in consulting contract profitability and higher acquisition-related costs.

EMEA

•Three Months. Operating income increased primarily due to lower business optimization costs and lower labor costs, partially offset by declines in consulting contract profitability and consulting revenues in local currency.

•Nine Months. Operating income increased primarily due to the positive impact of foreign currency exchange rates which resulted in an increase in U.S. dollar revenues, and lower labor costs, partially offset by declines in consulting revenues in local currency and consulting contract profitability.

Growth Markets

•Three Months. Operating income increased primarily due to lower business optimization costs and revenue growth in local currency, partially offset by the negative impact of foreign currency exchange rates which resulted in a decline in U.S. dollar revenues.    

•Nine Months. Operating income decreased as revenue growth in local currency and lower business optimization costs were more than offset by lower contract profitability and the negative impact of foreign currency exchange rates which resulted in a decline in U.S. dollar revenues.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	30

Operating Income and Operating Margin Excluding Business Optimization Costs (Non-GAAP)

The business optimization costs reduced operating margin for the third quarter of fiscal 2024 and 2023 by 40 and 210 basis points, respectively. Adjusted operating margin for the third quarter of fiscal 2024 increased 10 basis points to 16.4% compared with the third quarter of fiscal 2023. The business optimization costs reduced operating margin for the nine months ended May 31, 2024 and 2023 by 70 and 130 basis points, respectively. Adjusted operating margin for the nine months ended May 31, 2024 remained flat at 15.6% compared with the nine months ended May 31, 2023.

	Three Months Ended
	May 31, 2024								May 31, 2023
(in millions of U.S. dollars)	Operating Income (GAAP)		Business Optimization (1)		Operating Income (Non-GAAP)		Operating Margin (Non-GAAP)		Operating Income (GAAP)		Business Optimization (1)		Operating Income (Non-GAAP)		Operating Margin (Non-GAAP)		Increase (Decrease)
North America	$	1,365	$	(4)	$	1,361	17	%	$	1,241	$	96	$	1,338	17	%	$	24
EMEA (2)	750		75		825		14		670		167		838		14		(13)
Growth Markets (2)	516		6		522		18		448		83		531		18		(9)
Total	$	2,631	$	77	$	2,708	16.4	%	$	2,359	$	347	$	2,706	16.3	%	$	2

	Nine Months Ended
	May 31, 2024								May 31, 2023
(in millions of U.S. dollars)	Operating Income (GAAP)		Business Optimization (1)		Operating Income (Non-GAAP)		Operating Margin (Non-GAAP)		Operating Income (GAAP)		Business Optimization (1)		Operating Income (Non-GAAP)		Operating Margin (Non-GAAP)		Increase (Decrease)
North America	$	3,682	$	47	$	3,729	16	%	$	3,375	$	273	$	3,648	16	%	$	81
EMEA (2)	2,102		231		2,334		14		2,013		208		2,221		13		113
Growth Markets (2)	1,458		54		1,512		18		1,509		110		1,619		19		(107)
Total	$	7,242	$	332	$	7,575	15.6	%	$	6,897	$	591	$	7,488	15.6	%	$	86

Amounts in tables may not total due to rounding.

(1)Costs recorded in connection with our business optimization initiatives, primarily for employee severance.

(2)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Interest Income

Interest income for the third quarter of fiscal 2024 was $54 million, a decrease of $28 million from the third quarter of fiscal 2023. Interest income for the nine months ended May 31, 2024 was $221 million, an increase of $44 million over the nine months ended May 31, 2023. The decrease for the third quarter of fiscal 2024 was primarily due to lower cash balances compared to the third quarter of fiscal 2023. The increase for the nine months ended May 31, 2024 was primarily due to higher interest rates compared to the nine months ended May 31, 2023.

Other Income (Expense), net

Other income (expense), net primarily consists of foreign currency gains and losses, non-operating components of pension expense, as well as gains and losses associated with our investments. During the three and nine months ended May 31, 2024, Other income (expense), net decreased $221 million and $197 million from the three and nine months ended May 31, 2023, respectively, primarily due to lower gains on investments.

Income Tax Expense

The effective tax rates for the third quarter of fiscal 2024 and 2023 were 25.4% and 22.2%, respectively. The higher effective tax rate for the third quarter of fiscal 2024 was primarily due to the tax impact in the prior year from an investment gain and higher expense from adjustments to prior year tax liabilities. The effective tax rates for the nine months ended May 31, 2024 and 2023 were 22.6% and 22.1%, respectively. The higher effective tax rate for the nine months ended May 31, 2024 was primarily due to the tax impact in the prior year from an investment gain.

Income Tax Expense Excluding Business Optimization Costs and Investment Gain (Non-GAAP)

Excluding the business optimization costs of $77 million and related reduction in tax expense of $24 million, our adjusted effective tax rate was 25.5% for the third quarter of fiscal 2024. Excluding the business optimization costs of $347 million and related reduction in tax expense of $80 million, and the investment gain of $253 million and related tax expense of $9 million, our adjusted effective tax rate was 24.0% for the third quarter of fiscal 2023.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	31

Excluding the business optimization costs of $332 million and related reduction in tax expense of $86 million, our adjusted effective tax rate was 22.8% for the nine months ended May 31, 2024. Excluding the business optimization costs of $591 million and related reduction in tax expense of $132 million, and the investment gain of $253 million and related tax expense of $9 million, our adjusted effective tax rate was 22.7% for the nine months ended May 31, 2023.

Earnings Per Share

Diluted earnings per share were $3.04 for the third quarter of fiscal 2024, compared with $3.15 for the third quarter of fiscal 2023. Diluted earnings per share were $8.77 for the nine months ended May 31, 2024, compared with $8.62 for the nine months ended May 31, 2023. For information regarding our earnings per share calculations, see Note 3 (Earnings Per Share) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Earnings Per Share Excluding Business Optimization Costs and Investment Gain (Non-GAAP)

The business optimization costs of $54 million, net of related taxes, decreased diluted earnings per share by $0.08 for the third quarter of fiscal 2024. Adjusted diluted earnings per share were $3.13 for the third quarter of fiscal 2024. The business optimization costs of $267 million, net of related taxes, decreased diluted earnings per share by $0.42 and the investment gain of $244 million, net of related taxes, increased diluted earnings per share by $0.38 for the third quarter of fiscal 2023. Adjusted diluted earnings per share were $3.19 for the third quarter of fiscal 2023.

The business optimization costs of $247 million, net of related taxes, decreased diluted earnings per share by $0.39 for the nine months ended May 31, 2024. Adjusted diluted earnings per share were $9.16 for the nine months ended May 31, 2024. The business optimization costs of $459 million, net of related taxes, decreased diluted earnings per share by $0.72 and the investment gain of $244 million, net of related taxes, increased diluted earnings per share by $0.38 for the nine months ended May 31, 2023. Adjusted diluted earnings per share were $8.96 for the nine months ended May 31, 2023.

	Three Months Ended		Nine Months Ended
May 31, 2024 As Reported	$	3.04	$	8.77
Business optimization costs	0.12		0.52
Tax effect of business optimization costs (1)	(0.04)		(0.13)
May 31, 2024 As Adjusted	$	3.13	$	9.16
May 31, 2023 As Reported	$	3.15	$	8.62
Business optimization costs	0.54		0.93
Gain on an investment	(0.40)		(0.40)
Tax effect of business optimization costs and gain on an investment (1)	(0.11)		(0.19)
May 31, 2023 As Adjusted	$	3.19	$	8.96

Amounts in table may not total due to rounding.

(1)The income tax effect of business optimization costs and gain on an investment include both the current and deferred income tax impact and was calculated by using the relevant tax rate of the country where the adjustments were recorded.

Changes in adjusted diluted earnings per share were due to the following factors:

	Three Months Ended		Nine Months Ended
May 31, 2023 As Adjusted	$	3.19	$	8.96
Non-operating income	—		0.11
Operating results	—		0.10
Lower share count	0.02		0.03
Effective tax rate	(0.07)		(0.01)
Net income attributable to noncontrolling interests	(0.01)		(0.03)
May 31, 2024 As Adjusted	$	3.13	$	9.16

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	32

Liquidity and Capital Resources

As of May 31, 2024, Cash and cash equivalents was $5.5 billion, compared with $9.0 billion as of August 31, 2023.

Cash flows from operating, investing and financing activities, as reflected in our Consolidated Cash Flows Statements, are summarized in the following table:

	Nine Months Ended
(in millions of U.S. dollars)	May 31, 2024		May 31, 2023		Change
Net cash provided by (used in):
Operating activities	$	5,742	$	6,115	$	(373)
Investing activities	(5,515)		(1,255)		(4,259)
Financing activities	(3,635)		(4,165)		530
Effect of exchange rate changes on cash and cash equivalents	(100)		(49)		(51)
Net increase (decrease) in cash and cash equivalents	$	(3,508)	$	646	$	(4,153)

Amounts in table may not total due to rounding.

Operating activities: The $373 million decrease in operating cash flows was primarily due to changes in operating assets and liabilities, partially offset by higher net income.

Investing activities: The $4,259 million increase in cash used was primarily due to higher spending on business acquisitions. For additional information, see Note 5 (Business Combinations) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Financing activities: The $530 million increase in financing cash flows was primarily due to net proceeds from borrowings, partially offset by increases in the net purchases of shares and cash dividends paid. For additional information, see Note 7 (Shareholders’ Equity) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

We believe that our current and longer-term working capital, investments and other general corporate funding requirements will be satisfied for the next twelve months and thereafter through cash flows from operations and, to the extent necessary, from our borrowing facilities and future financial market activities.

Substantially all of our cash is held in jurisdictions where there are no regulatory restrictions or material tax effects on the free flow of funds. Domestic cash inflows for our Irish parent, principally dividend distributions from lower-tier subsidiaries, have been sufficient to meet our historic cash requirements, and we expect this to continue into the future.

Borrowing Facilities

For information about borrowing facilities, see Note 9 (Borrowings and Indebtedness) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Share Purchases and Redemptions

The Board of Directors of Accenture plc has authorized funding for our publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares and for purchases and redemptions of Accenture plc Class A ordinary shares and Accenture Canada Holdings Inc. exchangeable shares held by current and former members of Accenture Leadership and their permitted transferees.

Our share purchase activity during the nine months ended May 31, 2024 is as follows:

	Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares
(in millions of U.S. dollars, except share amounts)	Shares	Amount		Shares	Amount
Open-market share purchases (1)	9,753,499	$	3,175	—	$	—
Other share purchase programs	—	—		46,752	15
Other purchases (2)	2,087,331	706		—	—
Total	11,840,830	$	3,881	46,752	$	15

(1)We conduct a publicly announced open-market share purchase program for Accenture plc Class A ordinary shares. These shares are held as treasury shares by Accenture plc and may be utilized to provide for select employee benefits, such as equity awards to our employees.

(2)During the nine months ended May 31, 2024, as authorized under our various employee equity share plans, we acquired Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under those plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

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ACCENTURE FORM 10-Q	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	33

We intend to continue to use a significant portion of cash generated from operations for share repurchases during the remainder of fiscal 2024. The number of shares ultimately repurchased under our open-market share purchase program may vary depending on numerous factors, including, without limitation, share price and other market conditions, our ongoing capital allocation planning, the levels of cash and debt balances, other demands for cash, such as acquisition activity, general economic and/or business conditions, and board and management discretion. Additionally, as these factors may change over the course of the year, the amount of share repurchase activity during any particular period cannot be predicted and may fluctuate from time to time. Share repurchases may be made from time to time through open-market purchases, in respect of purchases and redemptions of Accenture Canada Holdings Inc. exchangeable shares, through the use of Rule 10b5-1 plans and/or by other means. The repurchase program may be accelerated, suspended, delayed or discontinued at any time, without notice.

Off-Balance Sheet Arrangements

In the normal course of business and in conjunction with some client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

To date, we have not been required to make any significant payment under any of the arrangements described above. For further discussion of these transactions, see Note 11 (Commitments and Contingencies) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

Significant Accounting Policies

See Note 1 (Basis of Presentation) to our Consolidated Financial Statements under Item 1, “Financial Statements.”

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ACCENTURE FORM 10-Q	Item 3. Quantitative and Qualitative Disclosures About Market Risk	34

Item 3. Quantitative and Qualitative Disclosures About Market Risk

During the nine months ended May 31, 2024, there were no material changes to the information on market risk exposure disclosed in our Annual Report on Form 10-K for the year ended August 31, 2023. For a discussion of our market risk associated with foreign currency risk, interest rate risk and equity price risk as of August 31, 2023, see “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A, of our Annual Report on Form 10-K for the year ended August 31, 2023.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our principal executive officer and our principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Based on that evaluation, the principal executive officer and the principal financial officer of Accenture plc have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control Over Financial Reporting

There has been no change in our internal control over financial reporting that occurred during the third quarter of fiscal 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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ACCENTURE FORM 10-Q	Part II — Other Information	35

Part II — Other Information

Item 1. Legal Proceedings

The information set forth under “Legal Contingencies” in Note 11 (Commitments and Contingencies) to our Consolidated Financial Statements under Part I, Item 1, “Financial Statements,” is incorporated herein by reference.

Item 1A. Risk Factors

For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended August 31, 2023 (the “Annual Report”). There have been no material changes to the risk factors disclosed in our Annual Report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Purchases of Accenture plc Class A Ordinary Shares

The following table provides information relating to our purchases of Accenture plc Class A ordinary shares during the third quarter of fiscal 2024.

Period	Total Number of Shares Purchased	Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (3)
					(in millions of U.S. dollars)
March 1, 2024 — March 31, 2024	814,501	$	362.45	784,986	$	4,337
April 1, 2024 — April 30, 2024	1,601,653	320.10		1,564,791	3,834
May 1, 2024 — May 31, 2024	1,872,942	302.57		1,744,289	3,300
Total (4)	4,289,096	$	320.49	4,094,066

(1)Average price paid per share reflects the total cash outlay for the period, divided by the number of shares acquired, including those acquired by purchase or redemption for cash and any acquired by means of employee forfeiture.

(2)Since August 2001, the Board of Directors of Accenture plc has authorized and periodically confirmed a publicly announced open-market share purchase program for acquiring Accenture plc Class A ordinary shares. During the third quarter of fiscal 2024, we purchased 4,094,066 Accenture plc Class A ordinary shares under this program for an aggregate price of $1,312 million. The open-market purchase program does not have an expiration date.

(3)As of May 31, 2024, our aggregate available authorization for share purchases and redemptions was $3,300 million which management has the discretion to use for either our publicly announced open-market share purchase program or the other share purchase programs. Since August 2001 and as of May 31, 2024, the Board of Directors of Accenture plc has authorized an aggregate of $50.1 billion for share purchases and redemptions by Accenture plc and Accenture Canada Holdings Inc.

(4)During the third quarter of fiscal 2024, Accenture purchased 195,030 Accenture plc Class A ordinary shares in transactions unrelated to publicly announced share plans or programs. These transactions consisted of acquisitions of Accenture plc Class A ordinary shares primarily via share withholding for payroll tax obligations due from employees and former employees in connection with the delivery of Accenture plc Class A ordinary shares under our various employee equity share plans. These purchases of shares in connection with employee share plans do not affect our aggregate available authorization for our publicly announced open-market share purchase and the other share purchase programs.

Item 3. Defaults Upon Senior Securities

None.

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ACCENTURE FORM 10-Q	Part II — Other Information	36

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Trading Arrangements

The table below summarizes the terms of trading arrangements adopted or terminated by our executive officers or directors during the third quarter of fiscal 2024. All of the trading arrangements listed below are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Name	Title	Date of Adoption or Termination	Duration of Plan (1)	Aggregate number of Class A ordinary shares to be sold pursuant to the trading agreement
Leo Framil	Chief executive officer—Growth Markets	Adopted on April 4, 2024	July 12, 2024 - April 25, 2025	Up to 16,000
Joel Unruch	General counsel and corporate secretary	Adopted on April 22, 2024	July 22, 2024 - April 25, 2025	Up to 22,395

(1)    Each plan will expire on the earlier of the expiration date or the completion of all transactions under the trading arrangement.

Item 6. Exhibits

Exhibit Index:

Exhibit Number	Exhibit
3.1	Amended and Restated Memorandum and Articles of Association of Accenture plc (incorporated by reference to Exhibit 3.1 to Accenture plc’s 8-K filed on February 7, 2018)
10.1	Credit Agreement, dated as of May 14, 2024, among Accenture plc, the borrowers party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to Accenture plc’s 8-K filed on May 17, 2024)
31.1	Certification of the Principal Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2	Certification of the Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32.1	Certification of the Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2	Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101	The following financial information from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended May 31, 2024, formatted in Inline XBRL: (i) Consolidated Balance Sheets as of May 31, 2024 (Unaudited) and August 31, 2023, (ii) Consolidated Income Statements (Unaudited) for the three and nine months ended May 31, 2024 and May 31, 2023, (iii) Consolidated Statements of Comprehensive Income (Unaudited) for the three and nine months ended May 31, 2024 and May 31, 2023, (iv) Consolidated Shareholders’ Equity Statement (Unaudited) for the three and nine months ended May 31, 2024 and May 31, 2023, (v) Consolidated Cash Flows Statements (Unaudited) for the nine months ended May 31, 2024 and May 31, 2023 and (vi) the Notes to Consolidated Financial Statements (Unaudited)
104	The cover page from Accenture plc’s Quarterly Report on Form 10-Q for the quarterly period ended May 31, 2024, formatted in Inline XBRL (included as Exhibit 101)

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ACCENTURE FORM 10-Q	Signatures	37

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: June 20, 2024

ACCENTURE PLC
By:	/s/ KC McClure
Name:	KC McClure
Title:	Chief Financial Officer
	(Principal Financial Officer and Authorized Signatory)

EX-31.1

Exhibit 31.1

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, Julie Sweet, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended May 31, 2024, as filed with the Securities and Exchange Commission on the date hereof;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 20, 2024

/s/ Julie Sweet

Julie Sweet

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-31.2

Exhibit 31.2

PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, KC McClure, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Accenture plc for the period ended May 31, 2024, as filed with the Securities and Exchange Commission on the date hereof;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 20, 2024

/s/ KC McClure

KC McClure

Chief Financial Officer of Accenture plc

(principal financial officer)

EX-32.1

Exhibit 32.1

Certification of the Principal Executive Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended May 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Julie Sweet, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 20, 2024

/s/ Julie Sweet

Julie Sweet

Chief Executive Officer of Accenture plc

(principal executive officer)

EX-32.2

Exhibit 32.2

Certification of the Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Accenture plc (the “Company”) on Form 10-Q for the period ended May 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, KC McClure, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 20, 2024

/s/ KC McClure

KC McClure

Chief Financial Officer of Accenture plc

(principal financial officer)

XML

Cover Page - shares	9 Months Ended
	May 31, 2024	Jun. 06, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2024
Document Transition Report	false
Entity File Number	001-34448
Entity Registrant Name	Accenture plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0627530
Entity Address, Address Line One	1 Grand Canal Square
Entity Address, Address Line Two	Grand Canal Harbour
Entity Address, City or Town	Dublin
Entity Address, Postal Zip Code	2
Entity Address, Country	IE
Country Region	353
City Area Code	1
Local Phone Number	646-2000
Title of 12(b) Security	Class A ordinary shares, par value $0.0000225 per share
Trading Symbol	ACN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001467373
Current Fiscal Year End Date	--08-31
Class A Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		671,956,882
Class X Ordinary Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		308,754

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 5,537,217	$ 9,045,032
Short-term investments	4,878	4,575
Receivables and contract assets	13,199,388	12,227,186
Other current assets	2,333,935	2,105,138
Total current assets	21,075,418	23,381,931
NON-CURRENT ASSETS:
Contract assets	119,281	106,994
Investments	231,281	197,443
Property and equipment, net	1,451,599	1,530,007
Lease assets	2,587,408	2,637,479
Goodwill	19,842,707	15,573,003
Deferred contract costs	834,045	851,972
Deferred tax assets	4,074,545	4,154,878
Intangibles	2,749,965	2,072,957
Other non-current assets	1,175,070	738,641
Total non-current assets	33,065,901	27,863,374
TOTAL ASSETS	54,141,319	51,245,305
CURRENT LIABILITIES:
Current portion of long-term debt and bank borrowings	1,610,025	104,810
Accounts payable	2,251,330	2,491,173
Deferred revenues	5,299,334	4,907,152
Accrued payroll and related benefits	6,416,460	7,506,030
Income taxes payable	557,561	720,778
Lease liabilities	680,484	690,417
Other accrued liabilities	1,392,559	1,588,678
Total current liabilities	18,207,753	18,009,038
NON-CURRENT LIABILITIES:
Long-term debt	68,878	43,093
Deferred revenues	621,251	653,954
Retirement obligation	1,629,907	1,595,638
Deferred tax liabilities	516,745	395,280
Income taxes payable	1,389,233	1,313,971
Lease liabilities	2,242,156	2,310,714
Other non-current liabilities	845,654	465,024
Total non-current liabilities	7,313,824	6,777,674
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Restricted share units	2,242,122	2,403,374
Additional paid-in capital	15,013,157	12,778,782
Treasury shares, at cost: Ordinary, 40,000 shares as of May 31, 2024 and August 31, 2023; Class A ordinary, 45,326,443 and 36,351,137 shares as of May 31, 2024 and August 31, 2023, respectively	(9,997,842)	(7,062,512)
Retained earnings	22,242,224	19,316,224
Accumulated other comprehensive loss	(1,755,244)	(1,743,101)
Total Accenture plc shareholders’ equity	27,744,489	25,692,839
Noncontrolling interests	875,253	765,754
Total shareholders’ equity	28,619,742	26,458,593
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	54,141,319	51,245,305
Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	57	57
Class A Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	15	15
Class X Ordinary Shares
SHAREHOLDERS’ EQUITY:
Ordinary shares, value	$ 0	$ 0

XML

Consolidated Balance Sheets (Parenthetical)	May 31, 2024 € / shares shares	May 31, 2024 $ / shares shares	Aug. 31, 2023 € / shares shares	Aug. 31, 2023 $ / shares shares
Ordinary Shares
Ordinary shares, par value | € / shares	€ 1.00		€ 1.00
Ordinary shares, shares authorized (in shares)	40,000	40,000	40,000	40,000
Ordinary shares, shares issued (in shares)	40,000	40,000	40,000	40,000
Treasury shares, ordinary shares (in shares)	40,000	40,000	40,000	40,000
Class A Ordinary Shares
Ordinary shares, par value | $ / shares		$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized (in shares)	20,000,000,000	20,000,000,000	20,000,000,000	20,000,000,000
Ordinary shares, shares issued (in shares)	671,948,015	671,948,015	664,616,285	664,616,285
Treasury shares, ordinary shares (in shares)	45,326,443	45,326,443	36,351,137	36,351,137
Class X Ordinary Shares
Ordinary shares, par value | $ / shares		$ 0.0000225		$ 0.0000225
Ordinary shares, shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000	1,000,000,000
Ordinary shares, shares issued (in shares)	308,754	308,754	325,438	325,438
Ordinary shares, shares outstanding (in shares)	308,754	308,754	325,438	325,438

XML

Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
REVENUES:
Revenues	$ 16,466,828	$ 16,564,585	$ 48,490,645	$ 48,126,545
OPERATING EXPENSES:
Cost of services	10,968,377	11,035,515	32,665,784	32,576,567
Sales and marketing	1,750,366	1,738,621	5,091,442	4,852,207
General and administrative costs	1,039,800	1,084,288	3,158,747	3,209,539
Business optimization costs	77,420	346,873	332,493	591,263
Total operating expenses	13,835,963	14,205,297	41,248,466	41,229,576
OPERATING INCOME	2,630,865	2,359,288	7,242,179	6,896,969
Interest income	53,690	81,818	220,939	176,782
Interest expense	(11,334)	(11,208)	(36,134)	(30,122)
Other income (expense), net	(18,851)	201,783	(60,222)	136,576
INCOME BEFORE INCOME TAXES	2,654,370	2,631,681	7,366,762	7,180,205
Income tax expense	673,022	583,346	1,666,231	1,584,887
NET INCOME	1,981,348	2,048,335	5,700,531	5,595,318
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc.	(1,901)	(2,101)	(5,592)	(5,790)
Net income attributable to noncontrolling interests – other	(47,264)	(36,238)	(114,453)	(90,934)
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$ 1,932,183	$ 2,009,996	$ 5,580,486	$ 5,498,594
Weighted average Class A ordinary shares:
Basic (in shares)	628,353,267	631,535,162	628,437,255	630,826,230
Diluted (in shares)	635,607,597	638,743,434	636,611,310	638,404,751
Earnings per Class A ordinary share:
Basic (in USD per share)	$ 3.07	$ 3.18	$ 8.88	$ 8.72
Diluted (in USD per share)	3.04	3.15	8.77	8.62
Cash dividends per share (in USD per share)	$ 1.29	$ 1.12	$ 3.87	$ 3.36

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 1,981,348	$ 2,048,335	$ 5,700,531	$ 5,595,318
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Foreign currency translation	(55,682)	13,252	(79,263)	210,045
Defined benefit plans	4,876	6,722	46,506	104,941
Cash flow hedges	(47,298)	23,373	20,614	(25,567)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ACCENTURE PLC	(98,104)	43,347	(12,143)	289,419
Other comprehensive income (loss) attributable to noncontrolling interests	(2,273)	827	(2,645)	6,165
COMPREHENSIVE INCOME	1,880,971	2,092,509	5,685,743	5,890,902
COMPREHENSIVE INCOME ATTRIBUTABLE TO ACCENTURE PLC	1,834,079	2,053,343	5,568,343	5,788,013
Comprehensive income attributable to noncontrolling interests	46,892	39,166	117,400	102,889
Other comprehensive income (loss)	$ (100,377)	$ 44,174	$ (14,788)	$ 295,584

XML

Consolidated Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Class X Ordinary Shares	Common Stock Ordinary Shares	Common Stock Class A Ordinary Shares	Common Stock Class X Ordinary Shares	Common Stock Restricted Share Units	Additional Paid-in Capital	Treasury Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total Accenture plc Shareholders’ Equity	Noncontrolling Interests
Beginning Balance at Aug. 31, 2022	$ 22,747,088		$ 57	$ 15	$ 0	$ 2,091,382	$ 10,679,180	$ (6,678,037)	$ 18,203,842	$ (2,190,342)	$ 22,106,097	$ 640,991
Beginning Balance (in shares) at Aug. 31, 2022			40,000	664,561,000	501,000			33,434,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,595,318								5,498,594		5,498,594	96,724
Other comprehensive income (loss)	295,584									289,419	289,419	6,165
Purchases of Class A shares	(3,321,982)						3,021	$ (3,321,982)			(3,318,961)	(3,021)
Purchases of Class A shares (in shares)								(12,110,000)
Cancellation of treasury shares (in shares)				(8,828,000)				(8,828,000)
Cancellation of treasury shares							(175,701)	$ 2,595,281	(2,419,580)
Share-based compensation expense	1,530,034					1,407,869	122,165				1,530,034
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(166,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(3,868)						(3,868)				(3,868)
Issuances of Class A shares for employee share programs (in shares)				8,392,000				3,352,000
Issuances of Class A shares for employee share programs	1,344,637					(1,553,088)	2,006,131	$ 1,277,617	(387,229)		1,343,431	1,206
Dividends	(2,121,331)					84,413			(2,203,509)		(2,119,096)	(2,235)
Other, net	(3,551)						6,781				6,781	(10,332)
Ending Balance at May. 31, 2023	26,061,929		$ 57	$ 15	$ 0	2,030,576	12,637,709	$ (6,127,121)	18,692,118	(1,900,923)	25,332,431	729,498
Ending Balance (in shares) at May. 31, 2023			40,000	664,125,000	335,000			33,364,000
Beginning Balance at Feb. 28, 2023	24,457,278		$ 57	$ 15	$ 0	1,636,155	12,163,671	$ (5,593,010)	17,500,001	(1,944,270)	23,762,619	694,659
Beginning Balance (in shares) at Feb. 28, 2023			40,000	662,406,000	339,000			31,181,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,048,335								2,009,996		2,009,996	38,339
Other comprehensive income (loss)	44,174									43,347	43,347	827
Purchases of Class A shares	(787,299)						703	$ (787,299)			(786,596)	(703)
Purchases of Class A shares (in shares)								(2,815,000)
Share-based compensation expense	472,695					406,504	66,191				472,695
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(4,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(1,638)						(1,638)				(1,638)
Issuances of Class A shares for employee share programs (in shares)				1,719,000				632,000
Issuances of Class A shares for employee share programs	537,016					(40,094)	406,315	$ 253,188	(82,866)		536,543	473
Dividends	(707,742)					28,011			(735,013)		(707,002)	(740)
Other, net	(890)						2,467				2,467	(3,357)
Ending Balance at May. 31, 2023	26,061,929		$ 57	$ 15	$ 0	2,030,576	12,637,709	$ (6,127,121)	18,692,118	(1,900,923)	25,332,431	729,498
Ending Balance (in shares) at May. 31, 2023			40,000	664,125,000	335,000			33,364,000
Beginning Balance at Aug. 31, 2023	26,458,593		$ 57	$ 15	$ 0	2,403,374	12,778,782	$ (7,062,512)	19,316,224	(1,743,101)	25,692,839	765,754
Beginning Balance (in shares) at Aug. 31, 2023		325,438	40,000	664,616,000	325,000			36,391,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,700,531								5,580,486		5,580,486	120,045
Other comprehensive income (loss)	(14,788)									(12,143)	(12,143)	(2,645)
Purchases of Class A shares	(3,881,294)						3,356	$ (3,881,294)			(3,877,938)	(3,356)
Purchases of Class A shares (in shares)								(11,841,000)
Share-based compensation expense	1,538,802					1,418,702	120,100				1,538,802
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(16,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(14,922)						(14,922)				(14,922)
Issuances of Class A shares for employee share programs (in shares)				7,332,000				2,866,000
Issuances of Class A shares for employee share programs	1,267,323					(1,677,033)	2,123,575	$ 945,964	(126,247)		1,266,259	1,064
Dividends	(2,433,610)					97,079			(2,528,239)		(2,431,160)	(2,450)
Other, net	(893)						2,266				2,266	(3,159)
Ending Balance at May. 31, 2024	28,619,742		$ 57	$ 15	$ 0	2,242,122	15,013,157	$ (9,997,842)	22,242,224	(1,755,244)	27,744,489	875,253
Ending Balance (in shares) at May. 31, 2024		308,754	40,000	671,948,000	309,000			45,366,000
Beginning Balance at Feb. 29, 2024	27,956,424		$ 57	$ 15	$ 0	1,863,338	14,555,758	$ (8,790,812)	21,151,637	(1,657,140)	27,122,853	833,571
Beginning Balance (in shares) at Feb. 29, 2024			40,000	670,405,000	315,000			41,617,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,981,348								1,932,183		1,932,183	49,165
Other comprehensive income (loss)	(100,377)									(98,104)	(98,104)	(2,273)
Purchases of Class A shares	(1,374,593)						1,153	$ (1,374,593)			(1,373,440)	(1,153)
Purchases of Class A shares (in shares)								(4,289,000)
Share-based compensation expense	473,931					411,120	62,811				473,931
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares (in shares)					(6,000)
Purchases/redemptions of Accenture Canada Holdings Inc. exchangeable shares and Class X shares	(8,649)						(8,649)				(8,649)
Issuances of Class A shares for employee share programs (in shares)				1,543,000				540,000
Issuances of Class A shares for employee share programs	504,516					(62,289)	400,310	$ 167,563	(1,474)		504,110	406
Dividends	(810,976)					29,953			(840,122)		(810,169)	(807)
Other, net	(1,882)						1,774				1,774	(3,656)
Ending Balance at May. 31, 2024	$ 28,619,742		$ 57	$ 15	$ 0	$ 2,242,122	$ 15,013,157	$ (9,997,842)	$ 22,242,224	$ (1,755,244)	$ 27,744,489	$ 875,253
Ending Balance (in shares) at May. 31, 2024		308,754	40,000	671,948,000	309,000			45,366,000

XML

Consolidated Cash Flows Statements - USD ($) $ in Thousands	9 Months Ended
	May 31, 2024	May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,700,531	$ 5,595,318
Adjustments to reconcile Net income to Net cash provided by (used in) operating activities —
Depreciation, amortization and other	1,571,633	1,639,804
Share-based compensation expense	1,538,802	1,530,034
Deferred tax expense (benefit)	77,743	(136,237)
Other, net	(224,203)	(228,922)
Change in assets and liabilities, net of acquisitions —
Receivables and contract assets, current and non-current	(587,215)	(410,214)
Other current and non-current assets	(893,908)	(588,958)
Accounts payable	(348,143)	(242,633)
Deferred revenues, current and non-current	312,882	381,121
Accrued payroll and related benefits	(1,110,890)	(1,064,577)
Income taxes payable, current and non-current	(91,471)	57,745
Other current and non-current liabilities	(204,165)	(417,601)
Net cash provided by (used in) operating activities	5,741,596	6,114,880
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(302,873)	(347,878)
Purchases of businesses and investments, net of cash acquired	(5,239,180)	(1,334,007)
Proceeds from the sale of businesses and investments	20,905	418,113
Other investing, net	6,504	8,392
Net cash provided by (used in) investing activities	(5,514,644)	(1,255,380)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares	1,267,323	1,344,637
Purchases of shares	(3,896,216)	(3,325,850)
Proceeds from debt	1,599,033	0
Repayments of debt	(100,000)	0
Cash dividends paid	(2,433,610)	(2,121,331)
Other financing, net	(71,088)	(62,481)
Net cash provided by (used in) financing activities	(3,634,558)	(4,165,025)
Effect of exchange rate changes on cash and cash equivalents	(100,209)	(48,862)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(3,507,815)	645,613
CASH AND CASH EQUIVALENTS, beginning of period	9,045,032	7,889,833
CASH AND CASH EQUIVALENTS, end of period	5,537,217	8,535,446
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net	$ 1,941,200	$ 1,774,337

XML

Basis of Presentation

9 Months Ended

May 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three and nine months ended May 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses—Client Receivables and Contract Assets

As of May 31, 2024 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $25,155 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	May 31, 2024		August 31, 2023
Equity method investments	$	22,202	$	23,985
Investments without readily determinable fair values	209,079		173,458
Total non-current investments	$	231,281	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

Depreciation and Amortization

As of May 31, 2024 and August 31, 2023, total accumulated depreciation was $2,797,314 and $2,574,685, respectively. See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three and nine months ended May 31, 2024 and 2023, respectively.

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Depreciation	$	138,132	$	165,053	$	406,374	$	446,844
Amortization - Deferred transition	74,196		91,480		265,552		247,080
Amortization - Intangible assets	133,097		101,814		364,353		331,095
Operating lease cost	172,293		240,601		520,522		605,329
Other	3,587		2,151		14,832		9,456
Total depreciation, amortization and other	$	521,305	$	601,099	$	1,571,633	$	1,639,804

Business Optimization

During the second quarter of fiscal 2023, we initiated actions to streamline our operations, transform our non-billable corporate functions and consolidate our office space to reduce costs. We recorded $1.1 billion in fiscal 2023 related to these actions and expect to record approximately $450 million in fiscal 2024 for a total of $1.5 billion, primarily related to employee severance. The actual amount and timing of severance and other personnel costs are dependent in part upon local country consultation processes and regulations and may differ from our current expectations and estimates.

Total business optimization costs by reportable operating segment for the three and nine months ended May 31, 2024 and 2023, respectively, were as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
North America	$	(3,677)	$	96,349	$	46,941	$	273,329
EMEA (1)	74,937		167,205		231,302		208,165
Growth Markets (1)	6,160		83,319		54,250		109,769
Total business optimization costs	$	77,420	$	346,873	$	332,493	$	591,263

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

New Accounting Pronouncements

On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Improvements to Reportable Segment Disclosures, which requires entities to enhance disclosures regarding their segments, including significant segment expenses. The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires a retrospective method upon adoption. We are currently evaluating the impact of this standard on our segment disclosures.

On December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

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Revenues

9 Months Ended

May 31, 2024

Revenues [Abstract]

Revenues

Revenues

Disaggregation of Revenue

See Note 12 (Segment Reporting) to these Consolidated Financial Statements for our disaggregated revenues.

Remaining Performance Obligations

We had remaining performance obligations of approximately $29 billion and $26 billion as of May 31, 2024 and August 31, 2023, respectively. Our remaining performance obligations represent the amount of transaction price for which work has not been performed and revenue has not been recognized. The majority of our contracts are terminable by the client on short notice with little or no termination penalties, and some without notice. Under Topic 606, only the non-cancelable portion of these contracts is included in our performance obligations. Additionally, our performance obligations only include variable consideration if we assess it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty is resolved. Based on the terms of our contracts, a significant portion of what we consider contract bookings is not included in our remaining performance obligations. We expect to recognize approximately 35% of our remaining performance obligations as of May 31, 2024 as revenue in fiscal 2024, an additional 37% in fiscal 2025, and the balance thereafter.

Contract Estimates

Adjustments in contract estimates related to performance obligations satisfied or partially satisfied in prior periods were immaterial for the three and nine months ended May 31, 2024 and 2023.

Contract Balances

Deferred transition revenues were $621,251 and $653,954 as of May 31, 2024 and August 31, 2023, respectively, and are included in Non-current deferred revenues. Costs related to these activities are also deferred and are expensed as the services are provided. Deferred transition costs were $834,045 and $851,972 as of May 31, 2024 and August 31, 2023, respectively, and are included in Deferred contract costs. Generally, deferred transition costs are recoverable under the contract in the event of early termination and are monitored regularly for impairment. Impairment losses are recorded when projected remaining undiscounted operating cash flows of the related contract are not sufficient to recover the carrying amount of contract assets.

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of May 31, 2024		As of August 31, 2023
Receivables	$	11,336,441	$	10,690,713
Contract assets (current)	1,862,947		1,536,473
Receivables and contract assets, net of allowance (current)	13,199,388		12,227,186
Contract assets (non-current)	119,281		106,994
Deferred revenues (current)	5,299,334		4,907,152
Deferred revenues (non-current)	621,251		653,954

Changes in the contract asset and liability balances during the nine months ended May 31, 2024 were a result of normal business activity and not materially impacted by any other factors.

Revenues recognized during the three and nine months ended May 31, 2024 that were included in Deferred revenues as of February 29, 2024 and August 31, 2023 were $2.6 billion and $3.9 billion, respectively. Revenues recognized during the three and nine months ended May 31, 2023 that were included in Deferred revenues as of February 28, 2023 and August 31, 2022 were $2.7 billion and $3.7 billion, respectively.

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Earnings Per Share

9 Months Ended

May 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Basic earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Basic earnings per share	$	3.07	$	3.18	$	8.88	$	8.72
Diluted earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	1,901		2,101		5,592		5,790
Net income for diluted earnings per share calculation	$	1,934,084	$	2,012,097	$	5,586,078	$	5,504,384
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	618,083		660,083		629,556		664,324
Diluted effect of employee compensation related to Class A ordinary shares	6,539,124		6,505,805		7,293,668		6,830,076
Diluted effect of share purchase plans related to Class A ordinary shares	97,123		42,384		250,831		84,121
Diluted weighted average Class A ordinary shares (2)	635,607,597		638,743,434		636,611,310		638,404,751
Diluted earnings per share	$	3.04	$	3.15	$	8.77	$	8.62

(1)Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests - other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

(2)The weighted average diluted shares outstanding for the calculation of diluted earnings per share excludes an immaterial amount of shares issuable upon the vesting of restricted stock units because their effects were antidilutive.

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Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Foreign currency translation
Beginning balance	$	(1,534,213)	$	(1,655,527)	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	(59,999)		12,897		(85,286)		217,607
Income tax benefit (expense)	2,088		1,152		3,314		(1,479)
Portion attributable to noncontrolling interests	2,229		(797)		2,709		(6,083)
Foreign currency translation, net of tax	(55,682)		13,252		(79,263)		210,045
Ending balance	(1,589,895)		(1,642,275)		(1,589,895)		(1,642,275)
Defined benefit plans
Beginning balance	(184,873)		(250,552)		(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	6,529		8,712		57,337		143,602
Income tax benefit (expense)	(1,650)		(1,984)		(10,787)		(38,552)
Portion attributable to noncontrolling interests	(3)		(6)		(44)		(109)
Defined benefit plans, net of tax	4,876		6,722		46,506		104,941
Ending balance	(179,997)		(243,830)		(179,997)		(243,830)
Cash flow hedges
Beginning balance	61,946		(38,191)		(5,966)		10,749
Unrealized gain (loss)	(47,583)		25,722		49,792		(66,994)
Reclassification adjustments into Cost of services	(10,163)		4,115		(25,609)		24,721
Income tax benefit (expense)	10,401		(6,440)		(3,549)		16,679
Portion attributable to noncontrolling interests	47		(24)		(20)		27
Cash flow hedges, net of tax	(47,298)		23,373		20,614		(25,567)
Ending balance (1)	14,648		(14,818)		14,648		(14,818)
Accumulated other comprehensive loss	$	(1,755,244)	$	(1,900,923)	$	(1,755,244)	$	(1,900,923)

(1)As of May 31, 2024, $25,093 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

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Business Combinations

9 Months Ended

May 31, 2024

Business Combination and Asset Acquisition [Abstract]

Business Combinations

Business Combinations

During the nine months ended May 31, 2024, we completed individually immaterial acquisitions for total consideration of $5,229,853, net of cash acquired. The pro forma effects of these acquisitions on our operations were not material.

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Goodwill and Intangible Assets

9 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		May 31, 2024
North America	$	8,876,050	$	2,587,017	$	(1,757)	$	11,461,310
EMEA (1)	5,152,149		1,536,517		(30,099)		6,658,567
Growth Markets (1)	1,544,804		207,147		(29,121)		1,722,830
Total	$	15,573,003	$	4,330,681	$	(60,977)	$	19,842,707

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Goodwill includes immaterial adjustments related to prior period acquisitions.

Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						May 31, 2024
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	3,668,580	$	(1,216,991)	$	2,451,589
Technology	289,989		(141,022)		148,967		328,317		(177,196)		151,121
Patents	123,579		(70,472)		53,107		121,361		(71,860)		49,501
Other	65,138		(36,908)		28,230		132,991		(35,237)		97,754
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	4,251,249	$	(1,501,284)	$	2,749,965

Total amortization related to our intangible assets was $133,097 and $364,353 for the three and nine months ended May 31, 2024, respectively. Total amortization related to our intangible assets was $101,814 and $331,095 for the three and nine months ended May 31, 2023, respectively. Estimated future amortization related to intangible assets held as of May 31, 2024 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	147,127
2025	563,055
2026	504,392
2027	434,977
2028	407,243
Thereafter	693,171
Total	$	2,749,965

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Shareholders' Equity

9 Months Ended

May 31, 2024

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Dividends

Our dividend activity during the nine months ended May 31, 2024 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056
February 15, 2024	1.29		January 18, 2024	811,766		January 16, 2024	812		812,578
May 15, 2024	1.29		April 11, 2024	810,169		April 9, 2024	807		810,976
Total Dividends				$	2,431,160		$	2,450	$	2,433,610

The payment of cash dividends includes the net effect of $97,079 of additional restricted stock units being issued as a part of our share plans, which resulted in 290,133 restricted share units being issued.

Subsequent Event

On June 19, 2024, the Board of Directors of Accenture plc declared a quarterly cash dividend of $1.29 per share on our Class A ordinary shares for shareholders of record at the close of business on July 11, 2024 payable on August 15, 2024.

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Financial Instruments

9 Months Ended

May 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Financial Instruments

Derivatives

In the normal course of business, we use derivative financial instruments to manage foreign currency exchange rate risk. Our derivative financial instruments consist of deliverable and non-deliverable foreign currency forward contracts.

Cash Flow Hedges

For a cash flow hedge, the effective portion of the change in estimated fair value of a hedging instrument is recorded in Accumulated other comprehensive loss as a separate component of Shareholders’ Equity and is reclassified into Cost of services in the Consolidated Income Statements during the period in which the hedged transaction is recognized. For information related to derivatives designated as cash flow hedges that were reclassified into Cost of services during the three and nine months ended May 31, 2024 and 2023, as well as those expected to be reclassified into Cost of services in the next twelve months, see Note 4 (Accumulated Other Comprehensive Loss) to these Consolidated Financial Statements.

Other Derivatives

Realized gains or losses and changes in the estimated fair value of foreign currency forward contracts that have not been designated as hedges were net losses of $57,232 and $103,568 for the three and nine months ended May 31, 2024, respectively, and net losses of $72,091 and $94,351 for the three and nine months ended May 31, 2023, respectively. Gains and losses on these contracts are recorded in Other income (expense), net in the Consolidated Income Statements and are offset by gains and losses on the related hedged items.

Fair Value of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	May 31, 2024		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	59,171	$	52,995
Other non-current assets	46,783		44,739
Other Derivatives
Other current assets	6,607		6,686
Total assets	$	112,561	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	34,078	$	50,020
Other non-current liabilities	24,997		26,076
Other Derivatives
Other accrued liabilities	36,430		38,645
Total liabilities	$	95,505	$	114,741
Total fair value	$	17,056	$	(10,321)
Total notional value	$	14,140,492	$	13,390,031

We utilize standard counterparty master agreements containing provisions for the netting of certain foreign currency transaction obligations and for the set-off of certain obligations in the event of an insolvency of one of the parties to the transaction. In the Consolidated Balance Sheets, we record derivative assets and liabilities at gross fair value. The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	May 31, 2024		August 31, 2023
Net derivative assets	$	74,283	$	50,528
Net derivative liabilities	57,227		60,849
Total fair value	$	17,056	$	(10,321)

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Borrowings and Indebtedness

9 Months Ended

May 31, 2024

Debt Disclosure [Abstract]

Borrowings and Indebtedness

Borrowings and Indebtedness

As of May 31, 2024 and August 31, 2023, we had total outstanding debt of $1,678,903 and $147,903, respectively.

As of May 31, 2024, we had the following borrowing facilities:

	Credit Facilities
Syndicated loan facility (1)	$	5,500,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	1,945,719
Local guaranteed and non-guaranteed lines of credit (3)	275,676
Total	$	7,721,395

(1)On May 14, 2024, we replaced our $3,000,000 syndicated 5-year credit facility with a new $5,500,000 syndicated credit facility maturing on May 14, 2029. This facility provides unsecured, revolving borrowing capacity for general corporate capital purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We are in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of May 31, 2024, we had $1,606,900 of commercial paper outstanding (excluding unamortized discounts), and backed by this facility, with a weighted-average effective interest rate of 5.4%. As of August 31, 2023, we had $100,000 of commercial paper outstanding backed by our $3,000,000 syndicated 5-year credit facility, with a weighted-average effective interest rate of 5.4%.

(2)We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of May 31, 2024 and August 31, 2023, we had no borrowings under these facilities.

(3)We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of May 31, 2024 and August 31, 2023, we had no borrowings under these various facilities.

We had an aggregate of $1,172,422 and $1,080,819 of letters of credit outstanding and $1,606,900 (excluding unamortized discounts) and $100,000 of commercial paper outstanding as of May 31, 2024 and August 31, 2023, respectively. The amount of letters of credit and commercial paper outstanding reduces the available borrowing capacity under the facilities described above.

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Income Taxes

9 Months Ended

May 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Our effective tax rates for the three months ended May 31, 2024 and 2023 were 25.4% and 22.2%, respectively. The higher effective tax rate for the three months ended May 31, 2024 was primarily due to the tax impact in the prior year from an investment gain and higher expense from adjustments to prior year tax liabilities. Our effective tax rates for the nine months ended May 31, 2024 and 2023 were 22.6% and 22.1%, respectively. The higher effective tax rate for the nine months ended May 31, 2024 was primarily due to the tax impact in the prior year from an investment gain.

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Commitments and Contingencies

9 Months Ended

May 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Indemnifications and Guarantees

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of May 31, 2024 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $2,192,000 and $1,793,000, respectively, of which all but approximately $59,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

As of May 31, 2024 and August 31, 2023, we have issued or provided guarantees in the form of letters of credit and surety bonds of $1,654,531 and $1,294,653, respectively, the majority of which support certain contracts that require us to provide them as a guarantee of our performance. These guarantees are typically renewed annually and remain in place until the contractual obligations are satisfied. In general, we would only be liable for these guarantees in the event we defaulted in performing our obligations under each contract, the probability of which we believe is remote.

To date, we have not been required to make any significant payment under any of the arrangements described above. We have assessed the current status of performance/payment risk related to arrangements with limited guarantees, warranty obligations, unspecified limitations, indemnification provisions, letters of credit and surety bonds, and believe that any potential payments would be immaterial to the Consolidated Financial Statements, as a whole.

Legal Contingencies

As of May 31, 2024, we or our present personnel had been named as a defendant in various litigation matters. We and/or our personnel also from time to time are involved in investigations by various regulatory or legal authorities concerning matters arising in the course of our business around the world. Based on the present status of these matters, except as otherwise noted below, management believes the range of reasonably possible losses in addition to amounts accrued, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.

On July 24, 2019, Accenture was named in a putative class action lawsuit filed by consumers of Marriott International, Inc. (“Marriott”) in the U.S. District Court for the District of Maryland. The complaint alleges negligence by us, and seeks monetary damages, costs and attorneys’ fees and other related relief, relating to a data security incident involving unauthorized access to the reservations database of Starwood Worldwide Resorts, Inc. (“Starwood”), which was acquired by Marriott on September 23, 2016. Since 2009, we have provided certain IT infrastructure outsourcing services to Starwood. On May 3, 2022, the court issued an order granting in part the plaintiffs’ motion for class certification, which we appealed. On August 17, 2023, the appeals court vacated the class certification and remanded the case to the district court for consideration of, among other things, the class action waiver signed by Starwood customer plaintiffs. On November 29, 2023, the district court reinstated the classes previously certified by the court in May 2022. We are appealing the district court's decision. We continue to believe the lawsuit is without merit and we will vigorously defend it. At present, we do not believe any losses from this matter will have a material effect on our results of operations or financial condition.

After Accenture Federal Services (“AFS”) made a voluntary disclosure to the U.S. government, the U.S. Department of Justice (“DOJ”) initiated a civil and criminal investigation concerning whether one or more employees provided inaccurate submissions to an assessor who was evaluating on behalf of the U.S. government an AFS service offering and whether the service offering fully implemented required federal security controls. AFS is responding to an administrative subpoena and cooperating with DOJ’s investigation. This matter could subject us to adverse consequences as described under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended August 31, 2023 – “Our work with government clients exposes us to additional risks inherent in the government contracting environment”. We cannot at this time determine when or how this matter will be resolved or estimate the cost or range of costs that are reasonably likely to be incurred in connection with this matter.

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Segment Reporting

9 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our reportable segments are our three geographic markets, which are North America, EMEA and Growth Markets.

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	7,834,206	$	7,720,903	$	22,773,920	$	22,741,597
EMEA (2)	5,776,624		5,872,107		17,179,116		16,739,688
Growth Markets (1) (2)	2,855,998		2,971,575		8,537,609		8,645,260
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Industry Groups
Communications, Media & Technology	$	2,763,076	$	2,880,187	$	8,086,661	$	8,745,192
Financial Services	2,894,753		3,138,181		8,737,261		9,104,444
Health & Public Service	3,515,264		3,266,347		10,226,769		9,289,961
Products	4,983,422		4,968,399		14,605,247		14,352,759
Resources	2,310,313		2,311,471		6,834,707		6,634,189
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Type of Work
Consulting	$	8,457,169	$	8,693,030	$	24,934,709	$	25,416,160
Managed Services	8,009,659		7,871,555		23,555,936		22,710,385
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545

	Operating Income
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	1,365,072	$	1,241,245	$	3,682,156	$	3,374,986
EMEA (2)	749,859		670,330		2,102,472		2,012,616
Growth Markets (1) (2)	515,934		447,713		1,457,551		1,509,367
Total Operating Income	$	2,630,865	$	2,359,288	$	7,242,179	$	6,896,969

(1)As announced on June 11, 2024, effective September 1, 2024, our Latin America market unit will move from Growth Markets to North America. With this change, North America will become The Americas market and Growth Markets will become the Asia Pacific market.

(2)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Pay vs Performance Disclosure
Net income attributable to Accenture plc	$ 1,932,183	$ 2,009,996	$ 5,580,486	$ 5,498,594

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Insider Trading Arrangements

3 Months Ended

9 Months Ended

May 31, 2024

shares

May 31, 2024

shares

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

The table below summarizes the terms of trading arrangements adopted or terminated by our executive officers or directors during the third quarter of fiscal 2024. All of the trading arrangements listed below are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Name	Title	Date of Adoption or Termination	Duration of Plan (1)	Aggregate number of Class A ordinary shares to be sold pursuant to the trading agreement
Leo Framil	Chief executive officer—Growth Markets	Adopted on April 4, 2024	July 12, 2024 - April 25, 2025	Up to 16,000
Joel Unruch	General counsel and corporate secretary	Adopted on April 22, 2024	July 22, 2024 - April 25, 2025	Up to 22,395

(1)    Each plan will expire on the earlier of the expiration date or the completion of all transactions under the trading arrangement.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Leo Framil [Member]

Trading Arrangements, by Individual

Name

Leo Framil

Title

Chief executive officer—Growth Markets

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

April 4, 2024

Arrangement Duration

287 days

Aggregate Available

16,000

16,000

Joel Unruch [Member]

Trading Arrangements, by Individual

Name

Joel Unruch

Title

General counsel and corporate secretary

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

April 22, 2024

Arrangement Duration

277 days

Aggregate Available

22,395

22,395

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Basis of Presentation (Policies)

9 Months Ended

May 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The accompanying unaudited interim Consolidated Financial Statements of Accenture plc and its controlled subsidiary companies have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for quarterly reports on Form 10-Q and do not include all of the information and note disclosures required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. We use the terms “Accenture,” “we” and “our” in the Notes to Consolidated Financial Statements to refer to Accenture plc and its subsidiaries. These Consolidated Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and Notes thereto for the fiscal year ended August 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on October 12, 2023.

The accompanying unaudited interim Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from those estimates. The Consolidated Financial Statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair presentation of results for these interim periods. The results of operations for the three and nine months ended May 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending August 31, 2024.

Allowance for Credit Losses - Client Receivables and Contract Assets

Allowance for Credit Losses—Client Receivables and Contract Assets

As of May 31, 2024 and August 31, 2023, the total allowance for credit losses recorded for client receivables and contract assets was $25,155 and $26,343, respectively. The change in the allowance is primarily due to immaterial write-offs and changes in gross client receivables and contract assets.

Investments

Investments

All available-for-sale securities and liquid investments with an original maturity greater than three months but less than one year are considered to be Short-term investments. Non-current investments consist of equity securities in publicly-traded and privately-held companies and are accounted for using either the equity or fair value measurement alternative method of accounting (for investments without readily determinable fair values).

Our non-current investments are as follows:

	May 31, 2024		August 31, 2023
Equity method investments	$	22,202	$	23,985
Investments without readily determinable fair values	209,079		173,458
Total non-current investments	$	231,281	$	197,443

For investments in which we can exercise significant influence but do not control, we use the equity method of accounting. Equity method investments are initially recorded at cost and our proportionate share of gains and losses of the investee are included as a component of Other income (expense), net.

New Accounting Pronouncement

New Accounting Pronouncements

On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Improvements to Reportable Segment Disclosures, which requires entities to enhance disclosures regarding their segments, including significant segment expenses. The ASU will be effective beginning with our annual fiscal 2025 financial statements and requires a retrospective method upon adoption. We are currently evaluating the impact of this standard on our segment disclosures.

On December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. The ASU will be effective beginning with our annual fiscal 2026 financial statements and allows for adoption on a prospective basis, with a retrospective option. We are in the process of assessing the impacts and method of adoption. This ASU will impact our income tax disclosures, but not our Consolidated Financial Statements.

Income Taxes

We apply an estimated annual effective tax rate to our year-to-date operating results to determine the interim provision for income tax expense. In addition, we recognize taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs.

Commitments and Contingencies

In the normal course of business and in conjunction with certain client engagements, we have entered into contractual arrangements through which we may be obligated to indemnify clients with respect to certain matters.

As of May 31, 2024 and August 31, 2023, our aggregate potential liability to our clients for expressly limited guarantees involving the performance of third parties was approximately $2,192,000 and $1,793,000, respectively, of which all but approximately $59,000 and $51,000, respectively, may be recovered from the other third parties if we are obligated to make payments to the indemnified parties as a consequence of a performance default by the other third parties. For arrangements with unspecified limitations, we cannot reasonably estimate the aggregate maximum potential liability, as it is inherently difficult to predict the maximum potential amount of such payments, due to the conditional nature and unique facts of each particular arrangement.

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Basis of Presentation (Tables)

9 Months Ended

May 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Non-current Investments

Our non-current investments are as follows:

	May 31, 2024		August 31, 2023
Equity method investments	$	22,202	$	23,985
Investments without readily determinable fair values	209,079		173,458
Total non-current investments	$	231,281	$	197,443

Schedule of Depreciation, Amortization and Other

See table below for a summary of depreciation on fixed assets, deferred transition amortization, intangible assets amortization and operating lease cost for the three and nine months ended May 31, 2024 and 2023, respectively.

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Depreciation	$	138,132	$	165,053	$	406,374	$	446,844
Amortization - Deferred transition	74,196		91,480		265,552		247,080
Amortization - Intangible assets	133,097		101,814		364,353		331,095
Operating lease cost	172,293		240,601		520,522		605,329
Other	3,587		2,151		14,832		9,456
Total depreciation, amortization and other	$	521,305	$	601,099	$	1,571,633	$	1,639,804

Schedule of Business Optimization Costs

Total business optimization costs by reportable operating segment for the three and nine months ended May 31, 2024 and 2023, respectively, were as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
North America	$	(3,677)	$	96,349	$	46,941	$	273,329
EMEA (1)	74,937		167,205		231,302		208,165
Growth Markets (1)	6,160		83,319		54,250		109,769
Total business optimization costs	$	77,420	$	346,873	$	332,493	$	591,263

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

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Revenues (Tables)

9 Months Ended

May 31, 2024

Revenues [Abstract]

Schedule of Receivables, Contract Assets and Contract Liabilities (Deferred Revenues)

The following table provides information about the balances of our Receivables and Contract assets, net of allowance, and Contract liabilities (Deferred revenues):

	As of May 31, 2024		As of August 31, 2023
Receivables	$	11,336,441	$	10,690,713
Contract assets (current)	1,862,947		1,536,473
Receivables and contract assets, net of allowance (current)	13,199,388		12,227,186
Contract assets (non-current)	119,281		106,994
Deferred revenues (current)	5,299,334		4,907,152
Deferred revenues (non-current)	621,251		653,954

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Earnings Per Share (Tables)

9 Months Ended

May 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings per Share

Basic and diluted earnings per share are calculated as follows:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Basic earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Basic earnings per share	$	3.07	$	3.18	$	8.88	$	8.72
Diluted earnings per share
Net income attributable to Accenture plc	$	1,932,183	$	2,009,996	$	5,580,486	$	5,498,594
Net income attributable to noncontrolling interests in Accenture Canada Holdings Inc. (1)	1,901		2,101		5,592		5,790
Net income for diluted earnings per share calculation	$	1,934,084	$	2,012,097	$	5,586,078	$	5,504,384
Basic weighted average Class A ordinary shares	628,353,267		631,535,162		628,437,255		630,826,230
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (1)	618,083		660,083		629,556		664,324
Diluted effect of employee compensation related to Class A ordinary shares	6,539,124		6,505,805		7,293,668		6,830,076
Diluted effect of share purchase plans related to Class A ordinary shares	97,123		42,384		250,831		84,121
Diluted weighted average Class A ordinary shares (2)	635,607,597		638,743,434		636,611,310		638,404,751
Diluted earnings per share	$	3.04	$	3.15	$	8.77	$	8.62

(1)Diluted earnings per share assumes the exchange of all Accenture Canada Holdings Inc. exchangeable shares for Accenture plc Class A ordinary shares on a one-for-one basis. The income effect does not take into account “Net income attributable to noncontrolling interests - other,” since those shares are not redeemable or exchangeable for Accenture plc Class A ordinary shares.

(2)The weighted average diluted shares outstanding for the calculation of diluted earnings per share excludes an immaterial amount of shares issuable upon the vesting of restricted stock units because their effects were antidilutive.

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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

May 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss attributable to Accenture plc:

	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Foreign currency translation
Beginning balance	$	(1,534,213)	$	(1,655,527)	$	(1,510,632)	$	(1,852,320)
Foreign currency translation	(59,999)		12,897		(85,286)		217,607
Income tax benefit (expense)	2,088		1,152		3,314		(1,479)
Portion attributable to noncontrolling interests	2,229		(797)		2,709		(6,083)
Foreign currency translation, net of tax	(55,682)		13,252		(79,263)		210,045
Ending balance	(1,589,895)		(1,642,275)		(1,589,895)		(1,642,275)
Defined benefit plans
Beginning balance	(184,873)		(250,552)		(226,503)		(348,771)
Reclassifications into net periodic pension and              post-retirement expense	6,529		8,712		57,337		143,602
Income tax benefit (expense)	(1,650)		(1,984)		(10,787)		(38,552)
Portion attributable to noncontrolling interests	(3)		(6)		(44)		(109)
Defined benefit plans, net of tax	4,876		6,722		46,506		104,941
Ending balance	(179,997)		(243,830)		(179,997)		(243,830)
Cash flow hedges
Beginning balance	61,946		(38,191)		(5,966)		10,749
Unrealized gain (loss)	(47,583)		25,722		49,792		(66,994)
Reclassification adjustments into Cost of services	(10,163)		4,115		(25,609)		24,721
Income tax benefit (expense)	10,401		(6,440)		(3,549)		16,679
Portion attributable to noncontrolling interests	47		(24)		(20)		27
Cash flow hedges, net of tax	(47,298)		23,373		20,614		(25,567)
Ending balance (1)	14,648		(14,818)		14,648		(14,818)
Accumulated other comprehensive loss	$	(1,755,244)	$	(1,900,923)	$	(1,755,244)	$	(1,900,923)

(1)As of May 31, 2024, $25,093 of net unrealized gains related to derivatives designated as cash flow hedges is expected to be reclassified into Cost of services in the next twelve months.

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Goodwill and Intangible Assets (Tables)

9 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable operating segment are as follows:

	August 31, 2023		Additions/ Adjustments		Foreign Currency Translation		May 31, 2024
North America	$	8,876,050	$	2,587,017	$	(1,757)	$	11,461,310
EMEA (1)	5,152,149		1,536,517		(30,099)		6,658,567
Growth Markets (1)	1,544,804		207,147		(29,121)		1,722,830
Total	$	15,573,003	$	4,330,681	$	(60,977)	$	19,842,707

(1)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

Schedule of Definite-Lived Intangible Assets

Our definite-lived intangible assets by major asset class are as follows:

	August 31, 2023						May 31, 2024
Intangible Asset Class	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer-related	$	2,842,257	$	(999,604)	$	1,842,653	$	3,668,580	$	(1,216,991)	$	2,451,589
Technology	289,989		(141,022)		148,967		328,317		(177,196)		151,121
Patents	123,579		(70,472)		53,107		121,361		(71,860)		49,501
Other	65,138		(36,908)		28,230		132,991		(35,237)		97,754
Total	$	3,320,963	$	(1,248,006)	$	2,072,957	$	4,251,249	$	(1,501,284)	$	2,749,965

Schedule of Future Amortization Expense Related to Intangible Assets

Estimated future amortization related to intangible assets held as of May 31, 2024 is as follows:

Fiscal Year	Estimated Amortization
Remainder of 2024	$	147,127
2025	563,055
2026	504,392
2027	434,977
2028	407,243
Thereafter	693,171
Total	$	2,749,965

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Shareholders' Equity (Tables)

9 Months Ended

May 31, 2024

Equity [Abstract]

Schedule of Dividend Activity

Our dividend activity during the nine months ended May 31, 2024 is as follows:

	Dividend Per Share		Accenture plc Class A Ordinary Shares			Accenture Canada Holdings Inc. Exchangeable Shares			Total Cash Outlay
Dividend Payment Date			Record Date	Cash Outlay		Record Date	Cash Outlay
November 15, 2023	$	1.29	October 12, 2023	$	809,225	October 10, 2023	$	831	$	810,056
February 15, 2024	1.29		January 18, 2024	811,766		January 16, 2024	812		812,578
May 15, 2024	1.29		April 11, 2024	810,169		April 9, 2024	807		810,976
Total Dividends				$	2,431,160		$	2,450	$	2,433,610

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Financial Instruments (Tables)

9 Months Ended

May 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional and Fair Values of Derivative Instruments

The notional and fair values of all derivative instruments are as follows:

	May 31, 2024		August 31, 2023
Assets
Cash Flow Hedges
Other current assets	$	59,171	$	52,995
Other non-current assets	46,783		44,739
Other Derivatives
Other current assets	6,607		6,686
Total assets	$	112,561	$	104,420
Liabilities
Cash Flow Hedges
Other accrued liabilities	$	34,078	$	50,020
Other non-current liabilities	24,997		26,076
Other Derivatives
Other accrued liabilities	36,430		38,645
Total liabilities	$	95,505	$	114,741
Total fair value	$	17,056	$	(10,321)
Total notional value	$	14,140,492	$	13,390,031

Schedule of Netting Derivative Assets against Liabilities under Counterparty Master Agreements

The potential effect of netting derivative assets against liabilities under the counterparty master agreements is as follows:

	May 31, 2024		August 31, 2023
Net derivative assets	$	74,283	$	50,528
Net derivative liabilities	57,227		60,849
Total fair value	$	17,056	$	(10,321)

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Borrowings and Indebtedness (Tables)

9 Months Ended

May 31, 2024

Debt Disclosure [Abstract]

Schedule of Borrowing Facilities

As of May 31, 2024, we had the following borrowing facilities:

	Credit Facilities
Syndicated loan facility (1)	$	5,500,000
Separate, uncommitted, unsecured multicurrency revolving credit facilities (2)	1,945,719
Local guaranteed and non-guaranteed lines of credit (3)	275,676
Total	$	7,721,395

(1)On May 14, 2024, we replaced our $3,000,000 syndicated 5-year credit facility with a new $5,500,000 syndicated credit facility maturing on May 14, 2029. This facility provides unsecured, revolving borrowing capacity for general corporate capital purposes, including the issuance of letters of credit and short-term commercial paper. Borrowings under this facility will accrue interest at the applicable risk-free rate plus a spread. We are in compliance with relevant covenant terms. The facility is subject to annual commitment fees. As of May 31, 2024, we had $1,606,900 of commercial paper outstanding (excluding unamortized discounts), and backed by this facility, with a weighted-average effective interest rate of 5.4%. As of August 31, 2023, we had $100,000 of commercial paper outstanding backed by our $3,000,000 syndicated 5-year credit facility, with a weighted-average effective interest rate of 5.4%.

(2)We maintain separate, uncommitted and unsecured multicurrency revolving credit facilities. These facilities provide local currency financing for the majority of our operations. Interest rate terms on the revolving facilities are at market rates prevailing in the relevant local markets. As of May 31, 2024 and August 31, 2023, we had no borrowings under these facilities.

(3)We also maintain local guaranteed and non-guaranteed lines of credit for those locations that cannot access our global facilities. As of May 31, 2024 and August 31, 2023, we had no borrowings under these various facilities.

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Segment Reporting (Tables)

9 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments

Information regarding reportable segments, industry groups and type of work is as follows:

	Revenues
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	7,834,206	$	7,720,903	$	22,773,920	$	22,741,597
EMEA (2)	5,776,624		5,872,107		17,179,116		16,739,688
Growth Markets (1) (2)	2,855,998		2,971,575		8,537,609		8,645,260
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Industry Groups
Communications, Media & Technology	$	2,763,076	$	2,880,187	$	8,086,661	$	8,745,192
Financial Services	2,894,753		3,138,181		8,737,261		9,104,444
Health & Public Service	3,515,264		3,266,347		10,226,769		9,289,961
Products	4,983,422		4,968,399		14,605,247		14,352,759
Resources	2,310,313		2,311,471		6,834,707		6,634,189
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545
Type of Work
Consulting	$	8,457,169	$	8,693,030	$	24,934,709	$	25,416,160
Managed Services	8,009,659		7,871,555		23,555,936		22,710,385
Total Revenues	$	16,466,828	$	16,564,585	$	48,490,645	$	48,126,545

	Operating Income
	Three Months Ended				Nine Months Ended
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Geographic Markets
North America (1)	$	1,365,072	$	1,241,245	$	3,682,156	$	3,374,986
EMEA (2)	749,859		670,330		2,102,472		2,012,616
Growth Markets (1) (2)	515,934		447,713		1,457,551		1,509,367
Total Operating Income	$	2,630,865	$	2,359,288	$	7,242,179	$	6,896,969

(1)As announced on June 11, 2024, effective September 1, 2024, our Latin America market unit will move from Growth Markets to North America. With this change, North America will become The Americas market and Growth Markets will become the Asia Pacific market.

(2)Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market. Prior period amounts have been reclassified to conform with the current period presentation.

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Basis of Presentation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for credit losses for client receivables and contract assets	$ 25,155		$ 25,155			$ 26,343
Accumulated depreciation	2,797,314		2,797,314			2,574,685
Basis of Presentation [Line Items]
Business optimization costs	77,420	$ 346,873	332,493	$ 591,263		$ 1,100,000
Expected total business optimization costs	$ 1,500,000		$ 1,500,000
Forecast
Basis of Presentation [Line Items]
Business optimization costs					$ 450,000

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Basis of Presentation - Investments (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Equity method investments	$ 22,202	$ 23,985
Investments without readily determinable fair values	209,079	173,458
Total non-current investments	$ 231,281	$ 197,443

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Basis of Presentation - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation	$ 138,132	$ 165,053	$ 406,374	$ 446,844
Amortization - Deferred transition	74,196	91,480	265,552	247,080
Amortization - Intangible assets	133,097	101,814	364,353	331,095
Operating lease cost	172,293	240,601	520,522	605,329
Other	3,587	2,151	14,832	9,456
Total depreciation, amortization and other	$ 521,305	$ 601,099	$ 1,571,633	$ 1,639,804

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Basis of Presentation - Business Optimization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2023
Basis of Presentation [Line Items]
Total business optimization costs	$ 77,420	$ 346,873	$ 332,493	$ 591,263	$ 1,100,000
North America
Basis of Presentation [Line Items]
Total business optimization costs	(3,677)	96,349	46,941	273,329
EMEA
Basis of Presentation [Line Items]
Total business optimization costs	74,937	167,205	231,302	208,165
Growth Markets
Basis of Presentation [Line Items]
Total business optimization costs	$ 6,160	$ 83,319	$ 54,250	$ 109,769

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Revenues - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 29,000,000		$ 29,000,000		$ 26,000,000
Deferred transition revenues	621,251		621,251		653,954
Deferred transition costs	834,045		834,045		$ 851,972
Revenues recognized that were included in deferred revenues	$ 2,600,000	$ 2,700,000	$ 3,900,000	$ 3,700,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-06-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligation expected to be recognized	35.00%		35.00%
Timing of satisfaction of remaining performance obligation	3 months		3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-09-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligation expected to be recognized	37.00%		37.00%
Timing of satisfaction of remaining performance obligation	1 year		1 year

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Revenues - Schedule of Revenue (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Revenues [Abstract]
Receivables	$ 11,336,441	$ 10,690,713
Contract assets (current)	1,862,947	1,536,473
Receivables and contract assets, net of allowance (current)	13,199,388	12,227,186
Contract assets (non-current)	119,281	106,994
Deferred revenues (current)	5,299,334	4,907,152
Deferred revenues (non-current)	$ 621,251	$ 653,954

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Basic earnings per share
Net income attributable to Accenture plc	$ 1,932,183	$ 2,009,996	$ 5,580,486	$ 5,498,594
Basic weighted average Class A ordinary shares (in shares)	628,353,267	631,535,162	628,437,255	630,826,230
Basic earnings per share (in USD per share)	$ 3.07	$ 3.18	$ 8.88	$ 8.72
Diluted earnings per share
NET INCOME ATTRIBUTABLE TO ACCENTURE PLC	$ 1,932,183	$ 2,009,996	$ 5,580,486	$ 5,498,594
Net income attributable to noncontrolling interest in Accenture Canada Holdings Inc.	1,901	2,101	5,592	5,790
Net income for diluted earnings per share calculation	$ 1,934,084	$ 2,012,097	$ 5,586,078	$ 5,504,384
Basic weighted average Class A ordinary shares (in shares)	628,353,267	631,535,162	628,437,255	630,826,230
Class A ordinary shares issuable upon redemption/exchange of noncontrolling interests (in shares)	618,083	660,083	629,556	664,324
Diluted effect of employee compensation related to Class A ordinary shares (in shares)	6,539,124	6,505,805	7,293,668	6,830,076
Diluted effect of share purchase plans related to Class A ordinary shares (in shares)	97,123	42,384	250,831	84,121
Diluted weighted average Class A ordinary shares (in shares)	635,607,597	638,743,434	636,611,310	638,404,751
Diluted earnings per share (in USD per share)	$ 3.04	$ 3.15	$ 8.77	$ 8.62

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Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2023
Foreign currency translation
Beginning balance	$ (1,534,213)	$ (1,655,527)	$ (1,510,632)	$ (1,852,320)
Foreign currency translation	(59,999)	12,897	(85,286)	217,607
Income tax benefit (expense)	2,088	1,152	3,314	(1,479)
Portion attributable to noncontrolling interests	2,229	(797)	2,709	(6,083)
Foreign currency translation, net of tax	(55,682)	13,252	(79,263)	210,045
Ending balance	(1,589,895)	(1,642,275)	(1,589,895)	(1,642,275)
Defined benefit plans
Beginning balance	(184,873)	(250,552)	(226,503)	(348,771)
Reclassifications into net periodic pension and post-retirement expense	6,529	8,712	57,337	143,602
Income tax benefit (expense)	(1,650)	(1,984)	(10,787)	(38,552)
Portion attributable to noncontrolling interests	(3)	(6)	(44)	(109)
Defined benefit plans, net of tax	4,876	6,722	46,506	104,941
Ending balance	(179,997)	(243,830)	(179,997)	(243,830)
Cash flow hedges
Beginning balance	61,946	(38,191)	(5,966)	10,749
Unrealized gain (loss)	(47,583)	25,722	49,792	(66,994)
Reclassification adjustments into Cost of services	(10,163)	4,115	(25,609)	24,721
Income tax benefit (expense)	10,401	(6,440)	(3,549)	16,679
Portion attributable to noncontrolling interests	47	(24)	(20)	27
Cash flow hedges, net of tax	(47,298)	23,373	20,614	(25,567)
Ending Balance	14,648	(14,818)	14,648	(14,818)
Accumulated other comprehensive loss	$ (1,755,244)	$ (1,900,923)	(1,755,244)	$ (1,900,923)	$ (1,743,101)
Net unrealized gains expected to be reclassified in the next twelve months			$ 25,093

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Business Combinations (Details) $ in Thousands	9 Months Ended
	May 31, 2024 USD ($)
Individually Immaterial Acquisitions
Business Acquisitions [Line Items]
Total considerations, net of cash acquired	$ 5,229,853

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Goodwill and Intangible Assets - Goodwill Rollforward (Details) $ in Thousands	9 Months Ended
	May 31, 2024 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 15,573,003
Additions/ Adjustments	4,330,681
Foreign Currency Translation	(60,977)
Goodwill, ending balance	19,842,707
North America
Goodwill [Line Items]
Goodwill, beginning balance	8,876,050
Additions/ Adjustments	2,587,017
Foreign Currency Translation	(1,757)
Goodwill, ending balance	11,461,310
Growth Markets
Goodwill [Line Items]
Goodwill, beginning balance	1,544,804
Additions/ Adjustments	207,147
Foreign Currency Translation	(29,121)
Goodwill, ending balance	1,722,830
EMEA
Goodwill [Line Items]
Goodwill, beginning balance	5,152,149
Additions/ Adjustments	1,536,517
Foreign Currency Translation	(30,099)
Goodwill, ending balance	$ 6,658,567

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Goodwill and Intangible Assets - Intangible Table by Major Class (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,251,249	$ 3,320,963
Accumulated Amortization	(1,501,284)	(1,248,006)
Net Carrying Amount	2,749,965	2,072,957
Customer-related
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,668,580	2,842,257
Accumulated Amortization	(1,216,991)	(999,604)
Net Carrying Amount	2,451,589	1,842,653
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	328,317	289,989
Accumulated Amortization	(177,196)	(141,022)
Net Carrying Amount	151,121	148,967
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	121,361	123,579
Accumulated Amortization	(71,860)	(70,472)
Net Carrying Amount	49,501	53,107
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	132,991	65,138
Accumulated Amortization	(35,237)	(36,908)
Net Carrying Amount	$ 97,754	$ 28,230

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Goodwill and Intangible Assets - Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization related to intangible assets	$ 133,097	$ 101,814	$ 364,353	$ 331,095
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Remainder of 2024	147,127		147,127
2025	563,055		563,055
2026	504,392		504,392
2027	434,977		434,977
2028	407,243		407,243
Thereafter	693,171		693,171
Net Carrying Amount	$ 2,749,965		$ 2,749,965		$ 2,072,957

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Shareholders' Equity - Dividend Activity (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended		9 Months Ended
	May 15, 2024	Feb. 15, 2024	Nov. 15, 2023	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Class of Stock [Line Items]
Dividend Per Share (in USD per share)	$ 1.29	$ 1.29	$ 1.29	$ 1.29	$ 1.12	$ 3.87	$ 3.36
Accenture Canada Holdings Inc., Cash Outlay	$ 807	$ 812	$ 831			$ 2,450
Total Cash Outlay	810,976	812,578	810,056			2,433,610	$ 2,121,331
Class A Ordinary Shares
Class of Stock [Line Items]
Accenture plc, Cash Outlay	$ 810,169	$ 811,766	$ 809,225			$ 2,431,160

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Shareholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Jun. 19, 2024	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Class of Stock [Line Items]
Dividends, Common Stock		$ (810,976)	$ (707,742)	$ (2,433,610)	$ (2,121,331)
Class A Ordinary Shares | Subsequent Event
Class of Stock [Line Items]
Quarterly cash dividend declared (in USD per share)	$ 1.29
Restricted Share Units
Class of Stock [Line Items]
Shares issued (in shares)				290,133
Common Stock | Restricted Share Units
Class of Stock [Line Items]
Dividends, Common Stock		$ 29,953	$ 28,011	$ 97,079	$ 84,413

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Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) recognized in income on derivatives	$ (57,232)	$ 72,091	$ (103,568)	$ (94,351)

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Financial Instruments - Notional and Fair Values of All Derivative Instruments (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Assets
Total assets	$ 112,561	$ 104,420
Liabilities
Total liabilities	95,505	114,741
Total fair value	17,056	(10,321)
Total notional value	14,140,492	13,390,031
Cash Flow Hedges | Other current assets
Assets
Total assets	59,171	52,995
Cash Flow Hedges | Other non-current assets
Assets
Total assets	46,783	44,739
Cash Flow Hedges | Other accrued liabilities
Liabilities
Total liabilities	34,078	50,020
Cash Flow Hedges | Other non-current liabilities
Liabilities
Total liabilities	24,997	26,076
Other Derivatives | Other current assets
Assets
Total assets	6,607	6,686
Other Derivatives | Other accrued liabilities
Liabilities
Total liabilities	$ 36,430	$ 38,645

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Financial Instruments - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net derivative assets	$ 74,283	$ 50,528
Net derivative liabilities	57,227	60,849
Total fair value	$ 17,056	$ (10,321)

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Borrowings and Indebtedness - Additional Information (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Debt Instrument [Line Items]
Total outstanding debt	$ 1,678,903	$ 147,903
Letters of credit outstanding	1,172,422	1,080,819
Syndicated loan facility due May 14, 2029
Debt Instrument [Line Items]
Commercial paper	$ 1,606,900
Syndicated loan facility due April 24, 2026
Debt Instrument [Line Items]
Commercial paper		$ 100,000

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Borrowings and Indebtedness - Schedule of Borrowing Facilities (Details) - USD ($)		9 Months Ended	12 Months Ended
	May 13, 2024	May 31, 2024	Aug. 31, 2023
Debt Instrument [Line Items]
Credit Facilities		$ 7,721,395,000
Syndicated loan facility due May 14, 2029
Debt Instrument [Line Items]
Credit Facilities		5,500,000,000
Commercial paper		$ 1,606,900,000
Syndicated loan facility due May 14, 2029 | Commercial Paper
Debt Instrument [Line Items]
Weighted-average effective interest rate		5.40%
Separate, uncommitted, unsecured multicurrency revolving credit facilities
Debt Instrument [Line Items]
Credit Facilities		$ 1,945,719,000
Borrowings outstanding		0	$ 0
Local guaranteed and non-guaranteed lines of credit
Debt Instrument [Line Items]
Credit Facilities		275,676,000
Borrowings outstanding		$ 0	0
Syndicated loan facility due April 24, 2026
Debt Instrument [Line Items]
Credit Facilities			3,000,000,000
Commercial paper			$ 100,000,000
Syndicated loan facility due April 24, 2026 | Line of credit
Debt Instrument [Line Items]
Debt instrument term	5 years		5 years
Syndicated loan facility due April 24, 2026 | Commercial Paper
Debt Instrument [Line Items]
Weighted-average effective interest rate			5.40%

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Income Taxes (Details)	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rates	25.40%	22.20%	22.60%	22.10%

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Commitments and Contingencies (Details) - USD ($) $ in Thousands	May 31, 2024	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Expressly limited performance guarantee	$ 2,192,000	$ 1,793,000
Portion of guarantee not recoverable	59,000	51,000
Letter of credit and surety bonds outstanding	$ 1,654,531	$ 1,294,653

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Segment Reporting - Additional Information (Details)	9 Months Ended
	May 31, 2024 reportableSegment
Segment Reporting [Abstract]
Number of reportable segments	3

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Segment Reporting - Reportable Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2024	May 31, 2023
Segment Reporting Information [Line Items]
Total Revenues	$ 16,466,828	$ 16,564,585	$ 48,490,645	$ 48,126,545
Total Operating Income	2,630,865	2,359,288	7,242,179	6,896,969
Consulting
Segment Reporting Information [Line Items]
Total Revenues	8,457,169	8,693,030	24,934,709	25,416,160
Managed Services
Segment Reporting Information [Line Items]
Total Revenues	8,009,659	7,871,555	23,555,936	22,710,385
Communications, Media & Technology
Segment Reporting Information [Line Items]
Total Revenues	2,763,076	2,880,187	8,086,661	8,745,192
Financial Services
Segment Reporting Information [Line Items]
Total Revenues	2,894,753	3,138,181	8,737,261	9,104,444
Health & Public Service
Segment Reporting Information [Line Items]
Total Revenues	3,515,264	3,266,347	10,226,769	9,289,961
Products
Segment Reporting Information [Line Items]
Total Revenues	4,983,422	4,968,399	14,605,247	14,352,759
Resources
Segment Reporting Information [Line Items]
Total Revenues	2,310,313	2,311,471	6,834,707	6,634,189
North America
Segment Reporting Information [Line Items]
Total Revenues	7,834,206	7,720,903	22,773,920	22,741,597
Total Operating Income	1,365,072	1,241,245	3,682,156	3,374,986
EMEA
Segment Reporting Information [Line Items]
Total Revenues	5,776,624	5,872,107	17,179,116	16,739,688
Total Operating Income	749,859	670,330	2,102,472	2,012,616
Growth Markets
Segment Reporting Information [Line Items]
Total Revenues	2,855,998	2,971,575	8,537,609	8,645,260
Total Operating Income	$ 515,934	$ 447,713	$ 1,457,551	$ 1,509,367