OakChart

Accenture plc

ACNTechnology·Information Technology Services·Ireland·Large·NYSE·Nov 13 • 7:04 AM ET

250.04+0.09 (0.04%)
2026-11-13 13:18 CET
Market cap
$147.78B
Revenue, TTM
74,183.45 USD m
Net income, TTM
8,367.06 USD m
Free cash flow, TTM
11,620.60 USD m
EPS diluted, TTM
13.57
18.43
Compare

Price

ACN against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 33Sales 19,381Price19,34919,388150.00200.00250.0020.9M41.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ACNclose 250.0420-day 251.3850-day 216.68200-day 190.33250.0452w low 118.1552-week range, not 6 months

14.1% under the 52-week high of 291.09 on 14 Jan 2026. 52-week low 118.15 on 22 Jun 2026. Last 15 sessions, 16.9% high to low

Volume 0.01× normal · the line is the 50-bar volume average

Setup. RS line 33
CANSLIM 3 of 6 — fails: EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 4 of 6 — fails: 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 2 of 4 — fails: 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 2 of 5 — fails: Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5
Leaders 3 of 5 — fails: Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 2 of 4 — fails: EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 3 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1)
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 3 of 4 — fails: Payout Ratio: Low (<20%)
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

ACN
52-week range, 76% of the way up
118.15291.09

Accenture is a global professional services company that helps the world's 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. The firm combines technology and leadership in cloud, data and AI with industry experience, functional expertise and global delivery capability. Its services include Strategy & Consulting, Technology, Operations, Industry X, and Song. It operates through the following geographical segments: North America, EMEA, and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.

IndexS&P 500, RUI
Employees814000
IPOJul 19, 2001
Beta1.01
ATR, 14d9.38
Rel volume0.01
Short float3.58%
Insider own0.22%
Inst own86.43%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap$147.78B
Enterprise Value150.03B
Income8.37B
Sales74.18B
Book / share53.01
Cash / share21.72
Dividend Est.6.90 (2.76%)
Dividend TTM6.60 (2.64%)
Dividend Ex-DateOct 13, 2026
Dividend Gr. 3/5Y13.32% 13.12%
Payout48.07%
Employees814000
IPOJul 19, 2001

Ratios

Price / earnings18.43
Forward price / earnings15.68
Price / earnings / growth2.10
Price / sales1.99
Price / book4.72
Price / cash11.51
Price / free cash flow12.72
Value / cash profit11.54
Value / sales2.02
Quick Ratio1.43
Current Ratio1.43
Debt / equity0.42
Long-term debt / equity0.40
Options and shortYes / Yes

Earnings

Earnings / share13.57
Earnings next year15.95
Earnings next quarter3.95
Earnings this year5.06%
Earnings next year8.66%
Earnings growth, 5 years7.46%
Past earnings growth7.98% 8.18%
Past sales growth4.98% 7.98%
Earnings vs last year11.19%
Sales vs last year6.47%
Earnings vs last quarter46.45%
Sales vs last quarter6.15%
EarningsOct 01 BMO
Surprise3.69% 3.59%

Ownership

Insiders own0.22%
Insider trades-1.23%
Institutions own86.43%
Institution trades-5.08%
Return on assets12.04%
Return on equity26.66%
Return on capital18.98%
Gross Margin31.67%
Operating margin15.41%
Profit Margin11.28%
20-day average-0.53%
50-day average15.39%
200-day average31.37%

Technical

Shares out595.53M
Shares floating589.44M
Short / float3.58%
Short ratio3.41
Short interest21.09M
52-week high291.09 -14.1%
52-week low118.15 +111.6%
Volatility2.87% 3.99%
Average range9.38
Strength index56.68
Market sensitivity1.01
Relative volume0.01
Avg Volume6.19M
Volume1,769

Performance

Perf Week-4.02%
Perf Month11.17%
Perf Quarter47.10%
Perf Half Y48.11%
Perf YTD-6.81%
Perf Year1.00%
Perf 3Y-20.78%
Perf 5Y-32.65%
Perf 10Y109.80%
Recommendation2.29
Target Price235.13
Prev Close249.95
Price250.04
Change %0.04%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 21, 2026DowngradeRobert W. BairdOutperform → Neutral$252+0.8%
Sep 18, 2026DowngradeGuggenheimBuy → Neutral
Sep 14, 2026DowngradeWells FargoOverweight → Equal Weight$194-22.4%
Jun 22, 2026DowngradeTD CowenBuy → Hold$150-40.0%
Jun 18, 2026DowngradeWilliam BlairOutperform → Mkt Perform
Jun 15, 2026DowngradeMorgan StanleyOverweight → Equal-Weight$177-29.2%
Jun 01, 2026DowngradeTruistBuy → Hold$210-16.0%
Mar 20, 2026UpgradeHSBC SecuritiesReduce → Hold$220-12.0%
Feb 17, 2026UpgradeWells FargoEqual Weight → Overweight$275+10.0%
Jan 22, 2026InitiatedBerenbergBuy$313+25.2%

Peers

Mkt cap
TickerCompanyMkt cap
INFYInfosys Ltd ADR49.88B
CTSHCognizant Technology Solutions Corp28.21B
IBMInternational Business Machines Corp232.03B
GIBCGI Inc16.73B
WITWipro Ltd ADR20.88B
EPAMEPAM Systems Inc8.35B
KDKyndryl Holdings Inc3.71B
GGenpact Ltd7.21B
EFOREverforth Inc1.47B
LDOSLeidos Holdings Inc15.98B

Insider trading

latest 14 of 49
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Egawa AtsushiCo-CEO Asia PacificNov 05 '26Sale270.0010,0002,700,0005,996Nov 05 04:56 PM
Egawa AtsushiOfficerNov 05 '26Proposed Sale270.0010,0002,700,000Nov 05 04:02 PM
Sweet Julie SpellmanChair and CEOOct 26 '26Buy245.9912,2003,001,04148,910Oct 28 06:45 AM
Price Paula ADirectorOct 26 '26Buy249.81800199,8489,361Oct 28 06:45 AM
Burgum Melissa AChief Accounting OfficerOct 22 '26Sale250.00811202,7509,820Oct 22 07:47 PM
RYOJI SEKIDOOfficerOct 22 '26Proposed Sale244.835,8441,430,792Oct 22 04:54 PM
Burgum Melissa AOfficerOct 22 '26Proposed Sale250.00811202,750Oct 22 04:09 PM
Sekido RyojiCo-CEO Asia PacificOct 22 '26Sale244.845,8441,430,8261,194Oct 22 04:04 PM
Hogan Catherine KiernanChief Operating OfficerOct 12 '26Sale214.24700149,96511,856Oct 13 05:48 PM
Hogan Catherine KiernanOfficerOct 12 '26Proposed Sale214.24700149,965Oct 13 09:09 AM
Hogan Catherine KiernanChief Operating OfficerOct 08 '26Sale200.001,320264,00012,556Oct 09 05:02 PM
Hogan Catherine KiernanOfficerOct 08 '26Proposed Sale197.731,320261,004Oct 08 04:01 PM
Clifford Katherine LeeChief Leadership & HR OfficerAug 14 '26Sale175.976811,9660Aug 17 04:47 PM
Unruch JoelGeneral Counsel/Corp SecretaryJul 30 '26Sale162.9810,4981,710,91917,735Jul 31 04:04 PM

Held by

AUM
TickerCompanyAUM
SCHDSchwab US Dividend Equity ETFAUM: 123.65B
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
XLKState Street Technology Select Sector SPDR ETFAUM: 116.48B
VTVVanguard Morningstar Value ETFAUM: 198.14B
VGTVanguard Information Technology ETFAUM: 142.20B
VFLOVictoryShares Free Cash Flow ETFAUM: 12.71B
VIGVanguard Dividend Appreciation FTFAUM: 117.98B

Quarterly earnings

2026Q4 EPS 3.300 beat 3.183, from 3.030 a year earlier. Sales 18,679 beat 18,032, from 17,596 a year earlier
EPS
3.94002025Q1 EPS 3.597 against 3.41725Q12025Q2 EPS 2.820 against 2.81125Q22025Q3 EPS 3.490 against 3.34525Q32025Q4 EPS 3.030 against 2.97825Q42026Q1 EPS 3.940 against 3.73626Q12026Q2 EPS 2.934 against 2.83826Q22026Q3 EPS 3.800 against 3.71026Q32026Q4 EPS 3.300 against 3.18326Q4
Sales, USD millions
18,77802025Q1 sales 17,690 against 17,14525Q12025Q2 sales 16,659 against 16,61825Q22025Q3 sales 17,728 against 17,31625Q32025Q4 sales 17,596 against 17,37625Q42026Q1 sales 18,742 against 18,52626Q12026Q2 sales 18,044 against 17,84326Q22026Q3 sales 18,718 against 18,77826Q32026Q4 sales 18,679 against 18,03226Q4

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q4ended 2026-08-312026-10-01 08:303.3003.1833.29018,67918,032EPS +3.7% · sales +3.6%vs 2025Q4, year-ago quarter · EPS +8.9% · sales +6.2%20 EPS · 19 salesOpen +17.78% vs SPY +0.23%. Close +15.78% vs SPY +0.18%
2026Q3ended 2026-05-312026-06-18 08:303.8003.7103.80318,71818,778EPS +2.4% · sales -0.3%vs 2025Q3, year-ago quarter · EPS +8.9% · sales +5.6%21 EPS · 20 salesOpen -18.92% vs SPY +0.92%. Close -17.97% vs SPY +0.78%
2026Q2ended 2026-02-282026-03-19 08:302.9342.8382.93418,04417,843EPS +3.4% · sales +1.1%vs 2025Q2, year-ago quarter · EPS +4.0% · sales +8.3%21 EPS · 20 salesOpen -4.18% vs SPY -0.67%. Close +4.30% vs SPY -0.25%
2026Q1ended 2025-11-302025-12-18 08:303.9403.7363.53618,74218,526EPS +5.4% · sales +1.2%vs 2025Q1, year-ago quarter · EPS +9.5% · sales +6.0%21 EPS · 20 salesOpen -3.19% vs SPY +0.92%. Close -1.38% vs SPY +0.76%
2025Q4ended 2025-08-312025-09-25 08:303.0302.9782.24917,59617,376EPS +1.7% · sales +1.3%vs 2024Q4, year-ago quarter · EPS +8.6% · sales +7.3%18 EPS · 16 salesOpen -0.25% vs SPY -0.48%. Close -2.73% vs SPY -0.46%
2025Q3ended 2025-05-312025-06-20 08:303.4903.3453.48917,72817,316EPS +4.3% · sales +2.4%vs 2024Q3, year-ago quarter · EPS +11.5% · sales +7.7%18 EPS · 16 salesOpen -8.14% vs SPY +0.16%. Close -6.86% vs SPY -0.53%
2025Q2ended 2025-02-282025-03-20 08:302.8202.8112.82216,65916,618EPS +0.3% · sales +0.2%vs 2024Q2, year-ago quarter · EPS +1.8% · sales +5.4%20 EPS · 17 salesOpen -8.73% vs SPY -0.67%. Close -7.26% vs SPY -0.29%
2025Q1ended 2024-11-302024-12-19 08:303.5973.4173.59417,69017,145EPS +5.3% · sales +3.2%vs 2024Q1, year-ago quarter · EPS +10.0% · sales +9.0%21 EPS · 19 salesOpen +5.00% vs SPY +0.87%. Close +7.06% vs SPY -0.03%
2024Q4ended 2024-08-312024-09-26 08:302.7902.7792.66016,40616,366EPS +0.4% · sales +0.2%vs 2023Q4, year-ago quarter · EPS +3.0% · sales +2.6%23 EPS · 20 salesOpen +5.33% vs SPY +0.76%. Close +5.57% vs SPY +0.40%
2024Q3ended 2024-05-312024-06-20 08:303.1303.1573.04316,46716,543EPS -0.9% · sales -0.5%vs 2023Q3, year-ago quarter · EPS -1.9% · sales -0.6%22 EPS · 20 salesOpen +10.26% vs SPY +0.17%. Close +7.29% vs SPY -0.27%
2024Q2ended 2024-02-292024-03-21 08:302.7702.6612.63315,80015,846EPS +4.1% · sales -0.3%vs 2023Q2, year-ago quarter · EPS +3.0% · sales -0.1%22 EPS · 20 salesOpen -4.32% vs SPY +0.56%. Close -9.31% vs SPY +0.33%
2024Q1ended 2023-11-302023-12-19 08:303.2703.1443.09916,22416,169EPS +4.0% · sales +0.3%vs 2023Q1, year-ago quarter · EPS +6.2% · sales +3.0%19 EPS · 18 salesOpen -2.67% vs SPY +0.12%. Close -0.10% vs SPY +0.61%
2023Q4ended 2023-08-312023-09-28 08:302.7102.6502.15015,98516,069EPS +2.3% · sales -0.5%vs 2022Q4, year-ago quarter · EPS +4.2% · sales +3.6%21 EPS · 18 sales-
2023Q3ended 2023-05-312023-06-22 08:303.1903.0173.15016,56516,492EPS +5.7% · sales +0.4%vs 2022Q3, year-ago quarter · EPS +14.3% · sales +2.5%21 EPS · 19 sales-
2023Q2ended 2023-02-282023-03-23 08:302.6902.5242.39215,81415,594EPS +6.6% · sales +1.4%vs 2022Q2, year-ago quarter · EPS +5.9% · sales +5.1%23 EPS · 20 sales-
2023Q1ended 2022-11-302022-12-16 08:303.0802.9153.07915,75015,582EPS +5.6% · sales +1.1%vs 2022Q1, year-ago quarter · EPS +10.8% · sales +5.2%22 EPS · 19 sales-

Annual earnings

2026FY EPS 13.970 beat 13.866, from 12.930 a year earlier. Sales 74,183 beat 73,595, from 69,673 a year earlier
EPS
13.97002019FY EPS 7.360 against 7.33620192020FY EPS 7.460 against 7.64220202021FY EPS 8.800 against 8.78220212022FY EPS 10.710 against 10.69620222023FY EPS 11.670 against 11.58320232024FY EPS 11.950 against 11.95420242025FY EPS 12.930 against 12.88320252026FY EPS 13.970 against 13.8662026
Sales, USD millions
74,18302019FY sales 43,215 against 43,22920192020FY sales 44,327 against 44,41520202021FY sales 50,533 against 50,48020212022FY sales 61,594 against 61,60720222023FY sales 64,112 against 64,18020232024FY sales 64,896 against 64,88720242025FY sales 69,673 against 69,45420252026FY sales 74,183 against 73,5952026

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-19.430--98,85412.87
2029FYestimate-17.338--85,99514.42
2028FYestimate-15.949--81,35815.68
2027FYestimate-14.678--77,44917.04
2026FY13.97013.86613.56074,18373,59513.58
2025FY12.93012.88312.15369,67369,45420.11
2024FY11.95011.95411.43564,89664,88728.62
2023FY11.67011.58310.77264,11264,18027.74
2022FY10.71010.69610.71061,59461,60726.93
2021FY8.8008.7829.15550,53350,48038.25
2020FY7.4607.6427.89544,32744,41532.16
2019FY7.3607.3367.36143,21543,22926.93
2018FY6.7406.7206.34139,57339,43225.09
2017FY5.9105.9025.44034,85034,70622.13
2016FY5.3405.3286.45032,88332,81346.82
2015FY4.8204.7824.76031,04830,82951.88
2014FY4.5204.5284.52030,00229,83655.32
2013FY4.2104.2014.93028,56328,36359.39
2012FY3.8403.8393.84027,86227,78165.12
2011FY3.4003.3833.40025,50725,43473.54
2010FY2.6602.6252.66021,55121,52594.00

Quarterly results

2026Q4 revenue 18,679, from 17,596 a year earlier. Operating margin 14.9%, from 15.1% a year earlier
Revenue, USD millions
18,74202025Q1 revenue 17,69025Q12025Q2 revenue 16,65925Q22025Q3 revenue 17,72825Q32025Q4 revenue 17,59625Q42026Q1 revenue 18,74226Q12026Q2 revenue 18,04426Q22026Q3 revenue 18,71826Q32026Q4 revenue 18,67926Q4
Operating margin
16.802025Q1 operating margin 16.7%25Q12025Q2 operating margin 13.5%25Q22025Q3 operating margin 16.8%25Q32025Q4 operating margin 15.1%25Q42026Q1 operating margin 16.8%26Q12026Q2 operating margin 13.5%26Q22026Q3 operating margin 16.4%26Q32026Q4 operating margin 14.9%26Q4

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2027Q1 E 3.95 per share.
PeriodTypeScaleDateMeanvs prior date
2027Q1Eper share2026-11-123.950.0%
2027Q1Rper share2026-11-123.940.0%
2027Q1SUSD millions2026-11-1219,3810.0%
2027FYEper share2026-11-1114.680.0%
2027FYSUSD millions2026-11-1177,4490.0%
2027FYRper share2026-10-2314.690.0%
2026FYEper share2026-10-0113.86+0.0%
2026Q4Eper share2026-10-013.18+0.1%
2026FYRper share2026-10-0113.53+0.1%
2026Q4Rper share2026-10-013.180.0%
2026FYSUSD millions2026-10-0173,5380.0%
2026Q4SUSD millions2026-10-0118,0240.0%
2026Q3Eper share2026-06-163.71-0.1%
2026Q3Rper share2026-06-163.69-0.1%
2026Q3SUSD millions2026-06-1618,7780.0%
2026Q2Eper share2026-03-172.84-0.3%
2026Q2Rper share2026-03-172.82-0.5%
2026Q2SUSD millions2026-03-1717,843-0.1%
2026Q1Eper share2025-12-163.740.0%
2026Q1Rper share2025-12-153.44-0.3%
2026Q1SUSD millions2025-12-1518,5260.0%
2025FYEper share2025-09-2312.890.0%
2025Q4Eper share2025-09-232.98+0.1%
2025FYRper share2025-09-2312.97+0.7%
2025Q4Rper share2025-09-232.98+0.1%
2025Q4SUSD millions2025-09-2317,376+0.1%
2025FYSUSD millions2025-09-2269,472+0.0%
2025Q3Eper share2025-06-163.32+0.0%
2025Q3Rper share2025-06-163.32+0.3%
2025Q3SUSD millions2025-06-1617,316+0.2%
2025Q2Eper share2025-03-172.81-0.2%
2025Q2Rper share2025-03-172.78-0.2%
2025Q2SUSD millions2025-03-1716,6180.0%
2025Q1Eper share2024-12-173.420.0%
2025Q1Rper share2024-12-163.40+0.0%
2025Q1SUSD millions2024-12-1617,1450.0%
2024FYEper share2024-09-2311.950.0%
2024Q4Eper share2024-09-232.780.0%
2024FYRper share2024-09-2311.420.0%
2024Q4Rper share2024-09-232.670.0%
2024FYSUSD millions2024-09-2364,887+0.0%
2024Q4SUSD millions2024-09-2316,366+0.0%
2024Q3Eper share2024-06-193.16-0.1%
2024Q3Rper share2024-06-193.03-0.1%
2024Q3SUSD millions2024-06-1916,5430.0%
2023FYRper share2023-09-2711.150.0%
2023FYEper share2023-09-2211.58+0.0%
2023FYSUSD millions2023-09-2264,180+0.0%

Estimate history

Annual
Metric201820192020202120222023202420252026
EPS per share6.3417.3617.8959.15510.7110.77211.43512.15313.563
Sales USD millions40,99343,21544,32750,53361,59464,11264,89669,67374,183
Shares million shares639636634632631628625622596
Quarterly
MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
EPS per share2.663.5942.8223.4892.2493.5362.9343.8033.293
Sales USD millions16,40617,69016,65917,72817,59618,74218,04418,71818,679
Shares million shares625625626623622615615612596

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2026FY8/31/20262025FY8/31/20252024FY8/31/20242023FY8/31/20232022FY8/31/20222021FY8/31/20212020FY8/31/20202019FY8/31/2019
Total Revenue74,183.4574,183.45+6.5%69,672.98+7.4%64,896.46+1.2%64,111.75+4.1%61,594.31+21.9%50,533.39+14.0%44,327.04+2.6%43,215.01
Cost of Goods Sold Incl. D&A50,688.8950,688.89+6.8%47,447.74+8.6%43,705.76+0.7%43,408.00+3.8%41,800.49+22.7%34,066.58+12.4%30,302.34+1.5%29,851.99
Gross Profit23,494.5623,494.56+5.7%22,225.24+4.9%21,190.70+2.4%20,703.74+4.6%19,793.81+20.2%16,466.80+17.4%14,024.70+5.0%13,363.02
Selling, General and Administrative Excl. Other12,062.1012,062.10+5.9%11,394.41+2.4%11,128.03+2.5%10,858.57+5.1%10,334.36+18.2%8,742.60+17.2%7,462.51+6.5%7,009.61
Research and Development-1,011.26+23.7%817.30-29.0%1,150.43-11.4%1,298.66+15.6%1,123.30+0.4%1,118.32+28.5%870.61+8.9%799.73
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income11,432.4611,432.46+5.6%10,830.82+7.6%10,062.67+2.2%9,845.17+4.1%9,459.46+22.5%7,724.20+17.7%6,562.19+3.3%6,353.41
Interest Expense303.40303.40+32.7%228.56+287.6%58.97+24.1%47.52+0.4%47.32-20.5%59.49+79.9%33.07+44.0%22.96
Unusual Expense-307.54-50.0%615.32+40.3%438.44-58.8%1,063.150.000.000.000.00
Net Income Before Taxes11,372.2211,372.22+10.7%10,270.39+5.9%9,699.32+6.1%9,139.33-0.6%9,196.17+18.5%7,761.12+14.6%6,774.33+8.4%6,251.80
Income Taxes2,849.332,849.33+16.9%2,437.99+6.9%2,280.13+6.8%2,135.80-3.2%2,207.21+24.7%1,770.57+11.4%1,589.02+13.1%1,405.56
Consolidated Net Income8,522.888,522.88+8.8%7,832.40+5.6%7,419.20+5.9%7,003.53+0.2%6,988.96+16.7%5,990.55+15.5%5,185.31+7.0%4,846.24
Net Income From Continuing Operations8,367.068,367.06+9.0%7,678.43+5.7%7,264.79+5.7%6,871.56-0.1%6,877.17+16.4%5,906.81+15.6%5,107.84+6.9%4,779.11
Net Income8,367.068,367.06+9.0%7,678.43+5.7%7,264.79+5.7%6,871.56-0.1%6,877.17+16.4%5,906.81+15.6%5,107.84+6.9%4,779.11
EPS (Recurring) per share13.8413.91+8.4%12.83+7.6%11.92-0.2%11.94+11.5%10.71+16.9%9.16+16.1%7.89+7.2%7.36
EPS (Basic, Before Extraordinaries) per share13.6613.66+11.1%12.29+6.2%11.57+6.1%10.90+0.3%10.87+16.8%9.31+15.9%8.03+7.2%7.49
EPS (Diluted) per share13.5713.56+11.6%12.15+6.2%11.44+6.2%10.77+0.6%10.71+16.9%9.16+16.1%7.89+7.2%7.36
EBITDA12,999.3012,999.30+3.7%12,536.28+9.1%11,492.72+2.2%11,245.92+4.4%10,770.19+21.7%8,846.18+16.6%7,584.59+4.7%7,246.17
Non-Operating Income (Expense)550.70550.70+94.3%283.45+111.4%134.06-66.9%404.83-215.97-324.0%96.40-60.7%245.21-78.65
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense1,593.541,593.54+5.4%1,512.36+10.5%1,368.69+3.1%1,327.28+32.8%999.45+16.8%855.97+11.5%767.52+4.1%737.19
Price To Earnings Ratio ratio statement ratio, not the snapshot18.4218.4220.6931.3030.0626.9336.7730.4027.53
Price To Sales Ratio ratio1.551.582.363.353.223.014.303.512.98
Gross Margin %31.6731.6731.9032.6532.2932.1432.5931.6430.92
Operating Margin %15.4115.4115.5515.5115.3615.3615.2914.8014.70
Net Margin %11.2811.2811.0211.1910.7211.1711.6911.5211.06
Shares Outstanding million shares595.53595.53-4.2%621.86-0.5%625.28-0.5%628.27-0.5%631.17-0.1%632.09-0.3%634.17-0.3%635.77
Market Capitalization147,654.71147,654.71-8.8%161,923.09-24.4%214,192.01-0.4%215,084.30+17.9%182,464.80-14.5%213,425.15+39.8%152,642.75+20.9%126,262.23

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q48/31/20262026Q35/31/20262026Q22/28/20262026Q111/30/20252025Q48/31/20252025Q35/31/20252025Q22/28/20252025Q111/30/2024
Total Revenue18,679.11+6.2%18,718.14+5.6%18,044.07+8.3%18,742.12+6.0%17,596.26+7.3%17,727.87+7.7%16,659.30+5.4%17,689.54+9.0%
Cost of Goods Sold Incl. D&A12,781.69+6.5%12,690.00+6.6%12,642.84+8.2%12,574.36+6.0%11,999.25+8.4%11,903.11+8.6%11,686.14+7.1%11,859.24+10.2%
Gross Profit5,897.42+5.4%6,028.14+3.5%5,401.23+8.6%6,167.76+5.8%5,597.02+4.8%5,824.76+5.7%4,973.16+1.8%5,830.31+6.8%
Selling, General and Administrative Excl. Other3,121.37+6.0%2,959.04+4.0%2,965.81+8.6%3,015.88+4.9%2,945.92+2.4%2,843.87+1.9%2,730.27+0.5%2,874.35+4.8%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income2,776.05+4.7%3,069.11+3.0%2,435.41+8.6%3,151.89+6.6%2,651.10+7.7%2,980.89+9.7%2,242.88+3.5%2,955.95+8.9%
Interest Expense103.82+56.7%70.64+4.5%63.57-1.7%65.36+117.6%66.24+190.0%67.60+496.6%64.67+527.9%30.04+107.3%
Unusual Expense-0.000.00307.54615.32+480.8%0.00-100.0%0.00-100.0%0.00-100.0%
Net Income Before Taxes2,798.06+34.8%3,149.83+6.7%2,456.65+7.3%2,967.67+0.4%2,075.24-11.0%2,951.14+11.2%2,288.77+9.2%2,955.24+12.9%
Income Taxes764.36+22.2%761.93+7.7%597.27+28.1%725.77+13.6%625.43+1.9%707.18+5.1%466.33+20.6%639.05+5.3%
Consolidated Net Income2,033.70+40.3%2,387.89+6.4%1,859.39+2.0%2,241.90-3.2%1,449.81-15.6%2,243.96+13.3%1,822.44+6.6%2,316.19+15.2%
Net Income From Continuing Operations1,991.27+40.8%2,338.99+6.4%1,825.24+2.1%2,211.56-3.0%1,413.96-16.1%2,197.50+13.7%1,788.08+6.8%2,278.89+15.5%
Net Income1,991.27+40.8%2,338.99+6.4%1,825.24+2.1%2,211.56-3.0%1,413.96-16.1%2,197.50+13.7%1,788.08+6.8%2,278.89+15.5%
EPS (Recurring) per share3.29+12.3%3.80+8.9%2.93+3.9%3.88+8.1%2.93+5.4%3.49+11.5%2.82+2.2%3.59+10.5%
EPS (Basic, Before Extraordinaries) per share3.31+45.8%3.82+8.5%2.96+3.9%3.57-1.9%2.27-15.6%3.52+14.3%2.85+7.1%3.64+15.9%
EPS (Diluted) per share3.29+46.2%3.80+8.9%2.93+3.9%3.54-1.4%2.25-15.4%3.49+14.8%2.82+7.2%3.59+15.8%
EBITDA3,181.55-1.4%3,459.95+2.8%2,828.94+8.5%3,528.86+5.8%3,228.25+13.0%3,365.46+9.8%2,607.99+3.7%3,334.59+9.0%
Non-Operating Income (Expense)125.83+19.0%151.37+299.9%84.81-23.3%188.69+543.3%105.7137.85+53.4%110.56+101.9%29.33-47.3%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense294.37-15.2%365.09-2.5%563.57+4.0%370.50-0.3%347.24+9.1%374.410.0%542.03+6.9%371.64+11.2%
Price To Earnings Ratio ratio statement ratio, not the snapshot18.4215.3217.2620.5720.6926.1429.2131.69
Price To Sales Ratio ratio1.551.581.802.212.352.923.293.47
Gross Margin %31.5732.2029.9332.9131.8132.8629.8532.96
Operating Margin %14.8616.4013.5016.8215.0716.8113.4616.71
Net Margin %10.6612.5010.1211.808.0412.4010.7312.88
Shares Outstanding million shares595.53-4.2%611.86-1.7%614.84-1.9%615.36-1.5%621.86-0.5%622.75-0.6%626.44-0.4%625.03-0.3%
Market Capitalization147,654.71-8.8%114,849.57-42.1%128,426.88-41.1%155,034.75-31.5%161,923.09-24.4%198,337.56+11.7%217,979.78-7.2%226,429.07+8.3%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026FY8/31/20262025FY8/31/20252024FY8/31/20242023FY8/31/20232022FY8/31/20222021FY8/31/20212020FY8/31/20202019FY8/31/20192018FY8/31/2018
Cash & Short Term Investments12,837.77+11.8%11,484.67+129.2%5,009.86-44.6%9,049.61+14.6%7,893.81-3.4%8,172.47-4.0%8,509.64+38.8%6,130.17+21.0%5,064.55
Short Term Receivables16,328.01+9.0%14,985.07+9.7%13,664.85+11.8%12,227.19+3.8%11,776.77+21.1%9,728.21+24.0%7,846.89-3.1%8,095.07+8.0%7,496.37
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets2,665.36+9.6%2,430.94+11.4%2,183.07+3.7%2,105.14+8.5%1,940.29+9.9%1,765.83+26.7%1,393.22+13.7%1,225.36+19.6%1,024.64
Total Current Assets31,831.14+10.1%28,900.69+38.6%20,857.78-10.8%23,381.93+8.2%21,610.87+9.9%19,666.51+10.8%17,749.76+14.9%15,450.60+13.7%13,585.56
Net Property, Plant & Equipment4,727.36+9.8%4,306.69+0.7%4,278.52+2.7%4,167.49-10.9%4,677.68-3.0%4,821.62+2.0%4,728.91+239.9%1,391.17+10.1%1,264.02
Total Investments and Advances957.74+31.8%726.77+100.2%363.03+49.9%242.18-37.5%387.18-3.2%399.78+6.5%375.43+29.5%289.84+33.8%216.60
Long-Term Note Receivable327.24+81.4%180.36+50.0%120.26+12.4%106.99+128.4%46.84+22.2%38.33-11.4%43.26-39.1%71.00+208.2%23.04
Intangible Assets29,726.14+19.2%24,947.17+3.8%24,024.21+36.1%17,645.96+17.1%15,064.10+17.4%12,836.80+46.9%8,739.04+24.0%7,046.33+16.1%6,070.12
Deferred Tax Assets3,407.75-10.1%3,791.22-8.6%4,147.50-0.2%4,154.88+3.8%4,001.20-0.1%4,007.13-3.5%4,153.15-4.5%4,349.46+108.4%2,086.81
Other Assets2,620.42+3.1%2,542.00+18.7%2,141.07+38.5%1,545.87+4.8%1,475.52+5.0%1,405.67+9.0%1,289.05+8.2%1,191.48-1.0%1,202.94
Total Assets73,597.79+12.5%65,394.90+16.9%55,932.36+9.1%51,245.31+8.4%47,263.39+9.5%43,175.84+16.4%37,078.59+24.5%29,789.88+21.8%24,449.08
Short Term Debt Incl. Current Port. of LT Debt881.44+4.5%843.49-49.6%1,672.43+110.3%795.23+10.9%716.77-5.2%756.24-1.0%763.88+11817.0%6.41+20.0%5.34
Accounts Payable3,003.41+11.4%2,695.59-1.8%2,743.81+10.1%2,491.17-2.7%2,559.49+12.6%2,274.06+68.5%1,349.87-18.0%1,646.64+22.1%1,348.80
Income Tax Payable626.54-10.7%701.22-2.5%719.08-0.2%720.78+11.5%646.47+52.7%423.40-6.6%453.54+20.0%378.02-24.1%497.88
Other Current Liabilities17,792.98+10.4%16,111.80+16.4%13,840.81-1.2%14,001.86+2.9%13,600.77+11.0%12,255.17+21.4%10,095.30+11.8%9,030.83+8.8%8,299.73
Total Current Liabilities22,304.37+9.6%20,352.10+7.3%18,976.13+5.4%18,009.04+2.8%17,523.50+11.6%15,708.87+24.1%12,662.59+14.5%11,061.90+9.0%10,151.75
Long Term Debt12,515.55+70.5%7,339.38+199.8%2,448.12+4.0%2,353.81-9.8%2,608.98-5.1%2,750.39+1.1%2,721.64+16648.6%16.25-17.4%19.68
Provision for Risks Charges1,558.78-16.1%1,858.50+2.3%1,815.87+13.8%1,595.64-5.7%1,692.15-16.1%2,016.02+8.4%1,859.44+5.3%1,765.91+25.2%1,410.66
Deferred Tax Liabilities450.25-4.6%471.93+10.0%428.85+8.5%395.28+24.1%318.58+30.8%243.64+35.6%179.70+34.9%133.23+6.0%125.73
Other Liabilities3,511.73+12.1%3,132.02+1.2%3,095.16+27.2%2,432.95+2.5%2,373.09+0.6%2,359.82+9.5%2,156.05+8.6%1,984.90-1.6%2,016.68
Total Liabilities40,340.68+21.7%33,153.93+23.9%26,764.12+8.0%24,786.71+1.1%24,516.30+6.2%23,078.73+17.9%19,579.42+30.9%14,962.19+9.0%13,724.50
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity31,567.26+1.2%31,195.45+10.3%28,288.65+10.1%25,692.84+16.2%22,106.10+13.2%19,529.45+14.9%17,000.54+18.0%14,409.01+39.0%10,364.75
Total Shareholders Equity31,567.26+1.2%31,195.45+10.3%28,288.65+10.1%25,692.84+16.2%22,106.10+13.2%19,529.45+14.9%17,000.54+18.0%14,409.01+39.0%10,364.75
Accumulated Minority Interest1,689.86+61.6%1,045.52+18.9%879.60+14.9%765.75+19.5%640.99+12.9%567.66+13.8%498.64+19.1%418.68+16.4%359.83
Total Equity33,257.12+3.2%32,240.97+10.5%29,168.25+10.2%26,458.59+16.3%22,747.09+13.2%20,097.11+14.8%17,499.17+18.0%14,827.69+38.3%10,724.59
Total Liabilities & Stockholders Equity73,597.79+12.5%65,394.90+16.9%55,932.36+9.1%51,245.31+8.4%47,263.39+9.5%43,175.84+16.4%37,078.59+24.5%29,789.88+21.8%24,449.08
Book Value Per Share per share53.01+5.7%50.17+10.9%45.24+10.6%40.89+16.8%35.02+13.3%30.90+15.3%26.81+18.3%22.66+39.7%16.22
Tangible Book Value Per Share per share3.09-69.3%10.05+47.4%6.82-46.8%12.81+14.8%11.16+5.4%10.59-18.7%13.03+12.5%11.58+72.3%6.72
Full-Time Employees people814,000+4.5%779,000+0.6%774,000+5.6%733,000+1.7%721,000+15.5%624,000+23.3%506,000+2.8%492,000+7.2%459,000
Price to Book Ratio ratio4.725.307.727.928.2410.898.959.1910.42
Return on Assets %12.0412.6613.5613.9515.2114.7215.2817.6217.23
Return on Equity %26.6625.8226.9228.7533.0432.3432.5238.5842.04
Return on Invested Capital %18.9819.9323.6424.5027.8326.5125.9033.1339.10
Quick Ratio ratio1.431.421.101.301.231.251.401.401.34
Current Ratio ratio1.431.421.101.301.231.251.401.401.34

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2026FY8/31/20262025FY8/31/20252024FY8/31/20242023FY8/31/20232022FY8/31/20222021FY8/31/20212020FY8/31/20202019FY8/31/2019
Net Income8,522.888,522.88+8.8%7,832.40+5.6%7,419.20+5.9%7,003.53+0.2%6,988.96+16.7%5,990.55+15.5%5,185.31+7.0%4,846.24
Depreciation1,566.841,566.84-8.1%1,705.46+19.3%1,430.04+2.1%1,400.76+6.9%1,310.74+16.8%1,121.97+9.7%1,022.40+14.5%892.76
Other Funds (Non Cash)2,846.422,846.42+8.2%2,629.54+3.7%2,534.67-1.5%2,574.30+13.8%2,261.29+27.8%1,769.37+3.8%1,704.66+69.5%1,005.73
Funds from Operations13,061.2113,061.21+4.3%12,524.75+10.9%11,289.92+5.4%10,709.63+3.5%10,347.70+15.7%8,942.82+10.6%8,083.33+21.6%6,648.37
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-697.87-697.87-1,050.35-2,158.89-1,185.36-806.57-2594.8%32.33-75.5%131.82-21.42
Income Taxes Payable-46.21-46.21-300.25-363.2%114.08+0.7%113.25-76.1%473.31+323.4%111.80+102.5%55.20-162.92
Cash from Operating Activities12,363.3512,363.35+7.7%11,474.40+25.7%9,131.03-4.1%9,524.27-0.2%9,541.13+6.3%8,975.15+9.3%8,215.15+24.0%6,626.95
Capital Expenditures-742.75-742.75-600.04-516.51-528.17-718.00-580.13-599.13-599.01
Net Assets From Acquisitions-4,940.88-4,940.88-1,471.26-6,582.70-2,530.86-3,447.55-4,171.12-1,531.60-1,193.07
Sale of Fixed Assets and Businesses37.1737.17+0.9%36.83+28.2%28.72-93.2%424.39-107.66-124.4%441.49+86.9%236.21+547.2%36.50
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources9.779.77-34.0%14.81+70.8%8.67-28.8%12.18-3.2%12.580.000.000.00
Cash from Investing Activities-5,636.69-5,636.69-2,019.65-7,061.82-2,622.47-4,260.63-4,309.77-1,894.52-1,755.58
Cash Dividends Paid-3,983.53-3,983.53-3,696.68-3,238.26-2,824.43-2,454.68-2,233.47-2,035.20-1,861.72
Change in Capital Stock-6,179.94-6,179.94-3,265.74-3,106.51-2,829.33-2,767.31-2,637.35-1,960.54-1,842.67
Repurchase of Common Pref Stock-7,520.97-7,520.97-4,619.50-4,524.65-4,330.40-4,116.38-3,703.12-2,915.85-2,691.11
Sale of Common Pref Stock1,341.031,341.03-0.9%1,353.75-4.5%1,418.13-5.5%1,501.07+11.3%1,349.06+26.6%1,065.78+11.6%955.31+12.6%848.45
Proceedsfrom Stock Options1,341.031,341.03-0.9%1,353.75-4.5%1,418.13-5.5%1,501.07+11.3%1,349.06+26.6%1,065.78+11.6%955.31+12.6%848.45
Issuance or Reduction of Debt, Net4,979.224,979.22+20.6%4,129.20+398.8%827.79+787.6%93.26-16.45-7.80-6.72-4.77
Change in Long Term Debt4,979.224,979.22+20.6%4,129.20+398.8%827.79+787.6%93.26-16.45-7.80-6.72-4.77
Issuance of Long Term Debt4,979.224,979.22-1.6%5,061.09+216.5%1,599.03+1614.6%93.260.000.000.000.00
Reduction of Long Term Debt0.000.00-931.88-771.250.00-16.45-7.80-6.72-4.77
Net Financing Active Other Cash Flow-130.24-130.24-115.11-546.52-84.81-72.58-47.72-46.64-58.01
Other Financing Activities Uses-130.24-130.24-115.11-546.52-84.81-72.58-47.72-46.64-58.01
Cash from Financing Activities-5,314.50-5,314.50-2,948.33-6,063.51-5,645.33-5,311.03-4,926.34-4,049.09-3,767.17
Exchange Rate Effect-59.42-59.42-32.16-46.26-101.27-247.81-1895.7%13.80-18.5%16.94-38.71
Net Change in Cash1,352.741,352.74-79.1%6,474.26-4,040.56-449.8%1,155.20-278.34-247.16-110.8%2,288.48+114.8%1,065.49
Free Cash Flow11,620.6011,620.60+6.9%10,874.36+26.2%8,614.52-4.2%8,996.10+2.0%8,823.13+5.1%8,395.02+10.2%7,616.02+26.3%6,027.94
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio15.0415.3422.9140.4533.5029.1235.2827.8530.93
Deferred Taxes & Investment Tax Credit-125.07-65.0%357.35-93.99-268.95-213.29-450.1%60.93-64.4%170.95-96.36

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q48/31/20262026Q35/31/20262026Q22/28/20262026Q111/30/20252025Q48/31/20252025Q35/31/20252025Q22/28/20252025Q111/30/2024
Cash & Short Term Investments12,837.77+11.8%10,171.57+5.5%9,405.60+10.7%9,655.31+16.2%11,484.67+129.2%9,637.40+73.9%8,495.50+65.7%8,311.20+16.3%
Short Term Receivables16,328.01+9.0%16,035.96+6.2%15,737.52+10.2%16,006.71+9.8%14,985.07+9.7%15,100.88+14.4%14,281.29+9.2%14,574.64+10.1%
Inventories0.000.000.000.000.000.000.000.00
Other Current Assets2,665.36+9.6%2,730.82+2.0%2,864.22+13.2%2,404.67+4.0%2,430.94+11.4%2,678.23+14.8%2,530.86+19.2%2,312.49-13.4%
Total Current Assets31,831.14+10.1%28,938.35+5.6%28,007.34+10.7%28,066.69+11.4%28,900.69+38.6%27,416.51+30.1%25,307.65+24.5%25,198.34+9.3%
Net Property, Plant & Equipment4,727.36+9.8%4,593.51+6.3%4,511.65+9.9%4,317.27+3.4%4,306.69+0.7%4,320.74+7.0%4,106.18+0.3%4,176.94+3.3%
Total Investments and Advances957.74+31.8%929.74+47.2%856.26+87.4%803.98+102.1%726.77+100.2%631.75+127.2%456.93+54.5%397.91+66.7%
Intangible Assets29,726.14+19.2%27,821.79+14.1%27,129.69+15.1%24,953.28+5.7%24,947.17+3.8%24,393.02+8.0%23,564.24+15.5%23,609.50+28.4%
Deferred Tax Assets3,407.75-10.1%3,567.54-9.3%3,570.87-9.9%3,690.04-10.2%3,791.22-8.6%3,933.14-3.5%3,962.25-3.3%4,108.53-1.4%
Other Assets2,620.42+3.1%2,622.06+4.7%2,716.70+16.6%2,679.05+19.2%2,542.00+18.7%2,505.00+27.7%2,330.93+18.7%2,247.86+47.4%
Total Assets73,597.79+12.5%68,806.56+8.6%67,064.22+12.0%64,698.46+8.1%65,394.90+16.9%63,362.03+17.0%59,869.76+16.7%59,868.07+16.2%
Short Term Debt Incl. Current Port. of LT Debt881.44+4.5%863.74+2.9%868.76+7.7%842.92+2.3%843.49-49.6%839.34-63.4%806.34+1.6%824.28+4.5%
Accounts Payable3,003.41+11.4%3,176.74+18.6%3,116.74+19.2%2,971.65+15.2%2,695.59-1.8%2,678.92+19.0%2,614.87+17.3%2,579.16+0.2%
Income Tax Payable626.54-10.7%331.21-49.3%529.54-14.9%665.74-22.9%701.22-2.5%653.91+17.3%622.37+48.0%863.67+14.3%
Other Current Liabilities17,792.98+10.4%17,237.42+18.1%16,442.40+25.6%15,416.22+19.3%16,111.80+16.4%14,596.66+11.4%13,086.78+3.1%12,919.84-1.8%
Total Current Liabilities22,304.37+9.6%21,609.11+15.1%20,957.44+22.3%19,896.52+15.8%20,352.10+7.3%18,768.83+3.1%17,130.35+6.2%17,186.97-0.5%
Long Term Debt12,515.55+70.5%7,525.03+2.7%7,478.60+3.1%7,359.08+0.5%7,339.38+199.8%7,325.92+217.0%7,253.99+206.7%7,322.11+219.5%
Provision for Risks Charges1,558.78-16.1%1,910.23-3.2%1,917.26+3.0%1,828.30-0.9%1,858.50+2.3%1,973.51+21.1%1,862.04+15.8%1,845.09+16.3%
Deferred Tax Liabilities450.25-4.6%551.54+4.3%497.62+10.2%459.24+1.4%471.93+10.0%528.72+2.3%451.65-0.6%453.07+9.1%
Other Liabilities3,511.73+12.1%3,702.94+15.2%3,438.27+15.0%3,233.04+9.3%3,132.02+1.2%3,215.53+12.6%2,989.77+7.2%2,958.41+19.7%
Total Liabilities40,340.68+21.7%35,298.85+11.0%34,289.20+15.5%32,776.18+10.1%33,153.93+23.9%31,812.51+24.6%29,687.81+27.1%29,765.65+23.8%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity31,567.26+1.2%31,890.57+4.4%31,210.68+6.7%30,867.50+5.7%31,195.45+10.3%30,554.72+10.1%29,246.05+7.8%29,190.49+9.4%
Total Shareholders Equity31,567.26+1.2%31,890.57+4.4%31,210.68+6.7%30,867.50+5.7%31,195.45+10.3%30,554.72+10.1%29,246.05+7.8%29,190.49+9.4%
Accumulated Minority Interest1,689.86+61.6%1,617.15+62.6%1,564.34+67.1%1,054.78+15.7%1,045.52+18.9%994.79+13.7%935.89+12.3%911.93+12.8%
Total Equity33,257.12+3.2%33,507.71+6.2%32,775.01+8.6%31,922.28+6.0%32,240.97+10.5%31,549.51+10.2%30,181.95+8.0%30,102.42+9.5%
Total Liabilities & Stockholders Equity73,597.79+12.5%68,806.56+8.6%67,064.22+12.0%64,698.46+8.1%65,394.90+16.9%63,362.03+17.0%59,869.76+16.7%59,868.07+16.2%
Book Value Per Share per share53.01+5.7%52.12+6.2%50.76+8.7%50.16+7.4%50.17+10.9%49.06+10.8%46.69+8.3%46.70+9.8%
Tangible Book Value Per Share per share3.09-69.3%6.65-32.8%6.64-26.8%9.61+7.6%10.05+47.4%9.89+20.3%9.07-15.2%8.93-32.5%
Full-Time Employees people814,000+4.5%---779,000+0.6%---
Price to Book Ratio ratio4.723.694.164.985.306.797.468.01
Return on Assets %12.0411.7912.0512.2212.6613.5313.8213.59
Return on Equity %26.6624.9525.3025.3525.8227.2727.2627.10
Return on Invested Capital %4.525.934.725.793.675.804.906.24
Quick Ratio ratio1.431.341.341.411.421.461.481.47
Current Ratio ratio1.431.341.341.411.421.461.481.47

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q48/31/20262026Q35/31/20262026Q22/28/20262026Q111/30/20252025Q48/31/20252025Q35/31/20252025Q22/28/20252025Q111/30/2024
Net Income2,033.70+40.3%2,387.89+6.4%1,859.39+2.0%2,241.90-3.2%1,449.81-15.6%2,243.96+13.3%1,822.44+6.6%2,316.19+15.2%
Depreciation405.50-29.7%390.85+1.6%393.52+7.8%376.97-0.4%577.15+46.6%384.57+11.3%365.10+5.1%378.64+10.3%
Other Funds (Non Cash)683.72+26.9%633.80-0.4%929.18+14.3%599.73-6.5%538.93-21.3%636.13+7.3%813.26+25.2%641.23+5.5%
Funds from Operations3,000.72+13.6%3,508.27+4.6%3,279.76+4.6%3,272.45-3.6%2,641.42+0.6%3,353.11+10.6%3,134.94+16.3%3,395.27+15.6%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital94.67-92.6%277.94-16.1%537.87-1,608.361,272.72+66.6%331.25+199.4%-281.54-2,372.79
Income Taxes Payable212.22-146.03-295.4%-138.8126.41-48.1%-80.68-139.3%74.74-65.7%-345.2150.89-40.2%
Cash from Operating Activities3,095.40-20.9%3,786.21+2.8%3,817.64+33.8%1,664.10+62.7%3,914.15+15.5%3,684.37+17.3%2,853.40+35.8%1,022.49+105.1%
Capital Expenditures-250.26-186.22-149.69-156.58-107.92-169.11-170.81-152.21
Net Assets From Acquisitions-1,936.88-1,036.24-1,593.97-373.79-681.76-297.14-250.79-241.56
Sale of Fixed Assets and Businesses0.52-96.3%13.67+86.7%0.35-96.6%22.63+329.4%14.09+80.2%7.3210.165.27
Purchase or Sale of Investments0.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.00
Other Sources2.24-47.9%2.24-33.7%2.43-41.6%2.87-3.4%4.30+98.2%3.38+18.6%4.16+96.2%2.97+94.1%
Cash from Investing Activities-2,184.38-1,206.55-1,740.88-504.88-771.29-455.55-407.28-385.52
Cash Dividends Paid-970.69-997.23-1,006.75-1,008.86-920.86-923.03-928.11-924.67
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-2,194.44-731.50-1,389.60-1,864.39-317.78-1,289.54-1,237.53-420.90
Repurchase of Common Pref Stock-2,327.69-1,183.62-1,679.06-2,330.59-473.89-1,799.53-1,447.82-898.26
Sale of Common Pref Stock133.25-14.6%452.12-11.3%289.45+37.6%466.20-2.3%156.11+3.5%509.99+1.1%210.29-26.3%477.370.0%
Proceedsfrom Stock Options133.25-14.6%452.12-11.3%289.45+37.6%466.20-2.3%156.11+3.5%509.99+1.1%210.29-26.3%477.370.0%
Issuance or Reduction of Debt, Net4,979.220.000.000.00-100.0%0.000.00-100.0%0.004,129.20
Change in Long Term Debt4,979.220.000.000.00-100.0%0.000.00-100.0%0.004,129.20
Issuance of Long Term Debt4,979.220.000.000.00-100.0%0.000.00-100.0%0.005,061.09
Reduction of Long Term Debt0.000.000.000.000.000.000.00-931.88
Net Financing Active Other Cash Flow-38.02-37.41-17.01-37.79-36.44-7.41-39.38-31.88
Other Financing Activities Uses-38.02-37.41-17.01-37.79-36.44-7.41-39.38-31.88
Cash from Financing Activities1,776.06-1,766.14-2,413.36-2,911.05-205.8%-1,275.07-2,219.98-2,205.032,751.75
Exchange Rate Effect-20.85-47.45-135.9%86.38-77.50-20.66-138.3%132.34-56.70-87.12-1993.9%
Net Change in Cash2,666.23+44.3%766.06-32.9%-250.22-235.7%-1,829.32-155.4%1,847.121,141.17+174.2%184.383,301.59
Free Cash Flow2,845.14-25.3%3,599.99+2.4%3,667.95+36.7%1,507.52+73.2%3,806.23+19.9%3,515.26+16.5%2,682.59+34.7%870.28+102.6%
Price to Free Cash Flow ratio15.0413.3215.0520.2522.8029.9935.2140.34

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20252026vs 20252026 share
Consulting35,106.7936,883.32+5.1%49.7%
Managed Services34,566.1937,300.13+7.9%50.3%
Total69,672.9874,183.45+6.5%100.0%
Region
Name20252026vs 20252026 share
Ireland69,672.9874,183.45+6.5%100.0%
Total69,672.9874,183.45+6.5%100.0%
Segment
Name20252026vs 20252026 share
Americas35,056.7236,546.61+4.2%49.3%
Asia Pacific9,972.3110,677.84+7.1%14.4%
EMEA24,643.9626,958.99+9.4%36.3%
Total69,672.9874,183.45+6.5%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.58%21.1M589.4M6.26M
2026-10-153.43%20.2M589.4M6.55M
2026-09-303.23%19.7M610.6M6.44M
2026-09-154.06%24.8M610.6M8.39M
2026-08-314.16%25.4M610.6M8.38M
2026-08-143.82%23.3M610.6M8.47M
2026-07-315.39%32.9M610.6M8.63M
2026-07-155.50%33.6M610.5M8.00M
2026-06-305.22%31.8M610.5M7.43M
2026-06-154.61%28.2M611.5M6.12M
2026-05-294.22%25.8M612.3M6.37M
2026-05-153.94%24.1M612.3M6.89M
2026-04-303.51%21.5M612.3M6.90M
2026-04-152.94%18.0M612.3M6.88M
2026-03-312.98%18.2M612.3M6.74M
2026-03-132.40%14.7M612.3M5.64M
2026-02-272.48%15.2M613.7M5.25M
2026-02-132.48%15.2M613.6M4.48M
2026-01-301.99%12.2M613.6M4.02M
2026-01-152.08%12.8M613.6M3.91M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call110137.8142.10.001124.7%0.000.000.998-0.2900.001
call115133.1137.10.001047.3%0.000.000.998-0.2900.001
call120128.6132.175.501019.8%0.000.000.998-0.2890.001
call125123.1127.10.00948.7%0.000.000.998-0.2880.001
call130119122.10.00902.3%0.000.000.997-0.2860.001
call135113.9117.10.00877.9%0.000.000.997-0.2850.001
call140108.8112.10.00834.0%0.000.000.997-0.2840.001
call145103.1107.10.00791.6%0.000.000.997-0.2820.001
call15099.40102.10.00732.5%0.000.000.997-0.2810.001
call15593.9097.1097.53710.6%0.002.000.997-0.2790.001
call157.591.6094.6095.06674.2%0.002.000.996-0.2780.001
call16088.4092.100.00655.3%0.000.000.996-0.2770.001
call162.585.8089.600.00652.9%0.000.000.996-0.2760.001
call16583.9087.100.00634.1%0.000.000.996-0.2750.001
call167.580.9084.600.00615.6%0.000.000.996-0.2740.001
call17078.9082.100.00582.1%0.000.000.996-0.2730.001
call172.575.7079.6024.70564.4%0.000.000.996-0.2720.001
call17573.4077.1033.36561.4%0.000.000.996-0.2710.002
call177.571.5074.600.00543.7%0.000.000.995-0.2700.002
call18069.0072.1075.12512.3%0.000.000.995-0.2680.002
call182.565.7069.600.00495.3%0.000.000.995-0.2670.002
call18563.0067.100.00478.5%0.000.000.995-0.2660.002
call187.562.0064.6030.65461.8%1.000.000.995-0.2640.002
call19059.0062.1061.90445.3%2.000.000.994-0.2630.002
call192.557.0059.6018.51428.8%1.000.000.994-0.2610.002
call19554.5057.1021.50412.6%6.000.000.994-0.2590.002
call197.551.6054.6054.70408.2%1.000.000.994-0.2580.002
call20049.0052.1059.80380.3%6.000.000.993-0.2560.002
call202.547.0049.6051.07375.6%5.001.000.993-0.2540.002
call20544.2047.1048.38359.4%22.002.000.993-0.2520.002
call207.541.6044.6027.06343.3%13.000.000.992-0.2490.003
call21039.0042.1042.74327.2%13.001.000.992-0.2470.003
call212.536.7039.600.00311.2%0.000.000.991-0.2440.003
call21534.5037.1037.56285.5%11.001.000.991-0.2420.003
call217.531.5034.6036.10269.9%3.001.000.990-0.2390.003
call22029.5032.2032.86258.1%35.001.000.990-0.2360.003
call222.526.5029.600.00247.3%0.000.000.989-0.2320.003
call22524.5027.1026.50222.7%58.000.000.988-0.2300.004
call227.522.0024.6029.11206.9%5.000.000.981-0.3170.005
call23019.5022.4020.50200.7%1191.000.952-0.7710.012
call232.516.8019.7031.55185.4%5.000.000.930-1.0110.016
call23514.1017.2017.90161.4%25.007.000.902-1.2630.021
call237.512.1014.8019.90147.4%19.000.000.879-1.3460.024
call2409.3012.1012.71124.6%54.008.000.856-1.3310.027
call242.56.909.300.0099.2%0.000.000.801-1.5380.033
call2455.107.708.45102.3%2523.000.703-2.0250.041
call247.53.005.7012.5392.0%4.000.000.614-2.1040.046
call2502.204.104.5086.5%13318.000.506-2.2260.048
call252.51.052.251.8370.4%25.0027.000.377-1.7600.045
call2550.401.300.9066.8%98.0010.000.266-1.5390.039
call257.50.250.650.5063.0%53.0042.000.189-1.3480.032
call2600.100.500.2470.0%12920.000.136-1.1590.026
call262.50.000.200.1065.4%65.002.000.088-0.8550.019
call2650.000.200.0975.1%4093430.072-0.8070.016
call267.50.000.150.0580.0%59.0015.000.049-0.6140.012
call2700.000.150.2088.8%1864.000.046-0.6550.012
call272.50.001.500.6097.4%49.000.000.037-0.5830.010
call2750.000.300.05105.7%54.001.000.031-0.5310.008
call277.50.000.500.05113.9%63.000.000.029-0.5430.008
call2800.000.400.01122.0%1111.000.027-0.5530.008
call282.50.002.500.40129.8%40.000.000.026-0.5630.007
call2850.001.700.10137.3%5490.000.025-0.5710.007
call287.50.000.700.15124.5%46.000.000.010-0.2400.003
call2900.005.000.01131.2%9140.000.010-0.2430.003
call292.50.005.000.05137.7%3.000.000.009-0.2460.003
call2950.005.000.10144.2%8.000.000.009-0.2480.003
call297.50.005.000.03150.6%1.000.000.009-0.2500.003
call3000.005.000.04156.8%20.000.000.008-0.2530.003
call302.50.005.000.40163.0%3.000.000.008-0.2550.003
call3050.005.000.00169.2%0.000.000.008-0.2570.003
call307.50.005.000.00175.2%0.000.000.007-0.2590.002
call3100.005.000.00181.1%0.000.000.007-0.2610.002
call312.50.005.000.00187.0%0.000.000.007-0.2630.002
call3150.005.000.00192.8%0.000.000.007-0.2640.002
call317.50.005.000.00198.6%0.000.000.007-0.2660.002
call3200.005.000.00204.3%0.000.000.007-0.2680.002
call3250.005.000.00215.4%0.000.000.006-0.2710.002
call3300.005.000.00226.4%0.000.000.006-0.2740.002
call3350.005.000.00237.1%0.000.000.006-0.2760.002
put1100.005.000.00632.8%0.000.00-0.002-0.2970.001
put1150.005.000.00600.5%0.000.00-0.002-0.2960.001
put1200.005.000.00569.6%0.000.00-0.002-0.2940.001
put1250.005.000.00539.9%0.000.00-0.002-0.2930.001
put1300.005.000.00511.3%0.000.00-0.003-0.2910.001
put1350.005.000.00483.8%0.000.00-0.003-0.2890.001
put1400.005.000.00457.2%0.000.00-0.003-0.2870.001
put1450.005.000.00431.6%0.000.00-0.003-0.2850.001
put1500.005.000.00406.7%0.000.00-0.003-0.2830.001
put1550.005.002.43382.6%21.000.00-0.003-0.2810.001
put157.50.005.002.48370.8%1.000.00-0.004-0.2800.001
put1600.005.000.23359.2%9.000.00-0.004-0.2780.001
put162.50.005.000.43347.7%4.000.00-0.004-0.2770.001
put1650.005.000.84336.4%6.000.00-0.004-0.2760.001
put167.50.005.000.05325.3%5.000.00-0.004-0.2750.001
put1700.005.000.14314.3%34.000.00-0.004-0.2730.001
put172.50.005.000.88303.4%10.000.00-0.004-0.2720.001
put1750.005.000.22292.7%11.000.00-0.004-0.2700.002
put177.50.005.000.30282.1%5.000.00-0.005-0.2690.002
put1800.005.000.75271.6%12.000.00-0.005-0.2670.002
put182.50.005.000.65261.3%12.000.00-0.005-0.2660.002
put1850.005.000.22251.0%22.000.00-0.005-0.2640.002
put187.50.005.000.66240.9%21.000.00-0.005-0.2620.002
put1900.005.000.29230.9%19.000.00-0.006-0.2610.002
put192.50.005.002.85220.9%8.000.00-0.006-0.2590.002
put1950.004.900.20211.1%37.000.00-0.006-0.2570.002
put197.50.004.900.54201.4%3.000.00-0.006-0.2550.002
put2000.004.900.43191.8%7.000.00-0.007-0.2520.002
put202.50.000.700.70212.4%20.000.00-0.015-0.5770.005
put2050.003.600.80172.6%1.000.00-0.007-0.2480.002
put207.50.000.500.45181.9%13.000.00-0.013-0.4180.004
put2100.002.900.20154.0%90.000.00-0.008-0.2430.003
put212.50.003.400.00144.5%0.000.00-0.009-0.2400.003
put2150.002.500.05135.5%19.000.00-0.009-0.2370.003
put217.50.001.500.20126.3%41.000.00-0.010-0.2330.003
put2200.001.450.12116.9%1230.00-0.010-0.2300.003
put222.50.002.500.54107.8%1.000.00-0.011-0.2260.003
put2250.000.700.3098.7%1230.00-0.012-0.2230.004
put227.50.000.950.1589.6%11.000.00-0.019-0.3110.005
put2300.000.150.1595.9%1102.00-0.048-0.7640.012
put232.50.000.200.1290.3%39.001.00-0.068-0.9760.016
put2350.000.350.0586.7%37865.00-0.098-1.2560.021
put237.50.000.300.4074.9%35.000.00-0.121-1.3390.024
put2400.100.300.1563.0%61150.00-0.144-1.3230.027
put242.50.150.650.3064.4%30.001.00-0.199-1.5300.033
put2450.351.300.8067.5%17384.00-0.297-2.0160.041
put247.50.601.951.1363.8%5683.00-0.386-2.0950.046
put2501.453.302.1568.8%12316.00-0.494-2.2170.048
put252.52.954.203.4257.3%49.0043.00-0.623-1.7510.045
put2554.806.205.7063.1%15986.00-0.734-1.5290.039
put257.55.808.805.8781.3%90.003.00-0.811-1.3380.032
put2608.5010.909.4083.2%23936.00-0.864-1.1490.026
put262.510.7013.6010.30103.0%47.007.00-0.912-0.8450.019
put26513.2016.0011.75112.0%60.000.00-0.928-0.7970.016
put267.515.7018.2014.71111.3%18.005.00-0.951-0.6030.012
put27018.0021.3015.14147.2%15.000.00-0.954-0.6430.012
put272.520.5023.6020.04119.5%2.001.00-0.965-0.5340.009
put27523.0026.0021.16113.8%9.000.00-0.969-0.5190.008
put277.525.5028.2024.30153.0%2.000.00-0.971-0.5310.008
put28028.0031.1026.80147.8%0.000.00-0.972-0.5400.008
put282.530.5033.400.00139.2%0.000.00-0.974-0.5500.007
put28533.0036.100.00206.5%0.000.00-0.975-0.5580.007
put287.535.5038.900.00194.9%0.000.00-0.990-0.2270.003
put29038.0040.900.00212.1%0.000.00-0.990-0.2300.003
put292.540.5044.300.00267.6%0.000.00-0.991-0.2320.003
put29543.0046.000.00239.7%0.000.00-0.991-0.2340.003
put297.545.5048.400.00230.4%0.000.00-0.991-0.2360.003
put30048.0050.900.00247.8%0.000.00-0.992-0.2380.003
put302.550.5053.600.00268.6%0.000.00-0.992-0.2400.003
put30553.0056.000.00271.2%0.000.00-0.992-0.2420.003
put307.555.5059.200.00263.7%0.000.00-0.992-0.2430.002
put31058.0060.900.00281.3%0.000.00-0.993-0.2450.002
put312.560.5063.500.00296.1%0.000.00-0.993-0.2470.002
put31563.0065.900.00297.3%0.000.00-0.993-0.2480.002
put317.565.5068.1063.12281.0%0.000.00-0.993-0.2500.002
put32068.0070.8065.60305.3%0.000.00-0.993-0.2510.002
put32573.0075.900.00328.0%0.000.00-0.994-0.2540.002
put33078.0081.300.00331.9%0.000.00-0.994-0.2560.002
put33583.0086.100.00372.2%0.000.00-0.994-0.2580.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10SCHEDULE 13GSEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-05144Filing for proposed sale of securities under Rule 144.SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-22SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-22144Filing for proposed sale of securities under Rule 144.SEC
2026-10-22144Filing for proposed sale of securities under Rule 144.SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-22SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-1610-KAnnual report pursuant to Section 13 or 15(d)2026-08-31SEC
2026-10-148-KCurrent report2026-10-14SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11002.70M1
2026-103.20M22.05M4
2026-090000
2026-080011.97K1
2026-07001.71M1
2026-060000
2026-050000
2026-0400863.04K1
2026-030000
2026-02002.83M5
2026-01004.92M11
2025-120000
2025-11001.46M1

Institutional holders

Manager% owned
BlackRock, Inc.10.16%
VANGUARD CAPITAL MANAGEMENT LLC6.55%
STATE STREET CORP5.47%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.53%
VANGUARD PORTFOLIO MANAGEMENT LLC3.26%
GEODE CAPITAL MANAGEMENT, LLC2.63%
JPMORGAN CHASE & CO2.27%
MORGAN STANLEY1.99%
FRANKLIN TEMPLETON INC1.31%
VICTORY CAPITAL MANAGEMENT INC1.22%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.19%
Schwab U.S. Dividend Equity ETF2.74%
VANGUARD 500 INDEX FUND2.60%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.30%
SPDR S&P 500 ETF TRUST1.22%
VANGUARD VALUE INDEX FUND0.96%
VANGUARD INFORMATION TECHNOLOGY INDEX FUND0.71%
State Street(R) Technology Select Sector SPDR(R) ETF0.69%
VANGUARD DIVIDEND APPRECIATION INDEX FUND0.57%

OakChart. ACN. Cached 15 minutes. Terms