Accenture vs Capgemini: Revenue, Profit and Business Model
Accenture reported $69.7B of revenue in FY2025 and $7.7B of net income. Capgemini reported ~$25.4B of revenue in FY2025 and ~$1.8B of net income.
Latest financial snapshot
Financial summary
Accenture
Accenture's fiscal year ends August 31. Revenue rose from $34.80B in FY2016 to $69.67B in FY2025, and net income attributable to Accenture plc rose from $4.11B to $7.68B over the same period. FY2025 brought $80.62B in new bookings, $10.87B of free cash flow, GAAP diluted EPS of $12.15 and $8.3B returned to shareholders through dividends and buybacks. Spending on acquisitions was $6.58B in FY2024 and $1.47B in FY2025. In Q3 FY2026 (to May 31, 2026) revenue was $18.72B, up 6% in U.S. dollars and 3% in local currency, and full-year FY2026 results are due on October 1, 2026.
Capgemini
Capgemini posted 2025 revenue of ~$25.4 billion (€22,465 million), up 1.7% reported and 3.4% at constant currency, with growth reaching 10.6% in Q4 once WNS and Cloud4C were consolidated. Operating margin held at 13.3% (~$3.37 billion (€2,983 million)), net profit (Group share) was ~$1.81 billion (€1,601 million) and organic free cash flow was ~$2.2 billion (€1.95 billion). Bookings reached ~$27.6 billion (€24.4 billion) (book-to-bill 1.08). The group spent ~$4.29 billion (€3.8 billion) on acquisitions in 2025, and net debt rose to ~$5.99 billion (€5.3 billion) at year-end. In H1 2026, revenue grew 8.8% to ~$13.7 billion (€12,082 million) (11.3% at constant currency), operating margin was 12.5% and net profit fell 31% to ~$563 million (€498 million) on restructuring and acquisition costs. Capgemini raised its 2026 constant-currency growth target to 8.5%-9.0% and kept a 13.6%-13.8% operating margin target.
Revenue and profit by year
Accenture
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $69.7B | $7.7B | 11.0% | +7.4% | Source |
| FY2024 | $64.9B | $7.3B | 11.2% | +1.2% | Source |
| FY2023 | $64.1B | $6.9B | 10.7% | +4.1% | Source |
| FY2022 | $61.6B | $6.9B | 11.2% | +21.9% | Source |
| FY2021 | $50.5B | $5.9B | 11.7% | +14.0% | Source |
| FY2020 | $44.3B | $5.1B | 11.5% | +2.6% | Source |
| FY2019 | $43.2B | $4.8B | 11.1% | +5.4% | Source |
| FY2018 | $41B | $4.1B | 9.9% | +13.3% | Source |
| FY2017 | $36.2B | $3.4B | 9.5% | +4.0% | Source |
| FY2016 | $34.8B | $4.1B | 11.8% | — | Source |
Capgemini
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$25.4B | ~$1.8B | 7.1% | +1.7% | Source |
| FY2024 | ~$25B | ~$1.9B | 7.6% | -1.9% | Source |
| FY2023 | ~$25.4B | ~$1.9B | 7.4% | +2.4% | Source |
| FY2022 | ~$24.9B | ~$1.7B | 7.0% | +21.1% | Source |
| FY2021 | ~$20.5B | ~$1.3B | 6.4% | — | Source |
Where the revenue comes from
Accenture
- Consulting
$35.11B in FY2025 revenue
Consulting includes strategy, technology consulting, systems integration, cloud migration, data and AI programs, and large transformation projects.
- Managed Services
$34.57B in FY2025 revenue
Managed Services includes application management, infrastructure operations, business process services, finance operations, customer operations, and other long-term outsourced work.
- AI, Data, and Digital Core
Reported across consulting and managed services
Accenture embeds AI, data, cybersecurity, cloud, enterprise platforms, and digital core modernization into client transformation programs.
- Song, Supply Chain, Engineering, and Talent
Reported across service lines
These capabilities cover customer experience, commerce, design, marketing technology, product engineering, supply chain, workforce transformation, and change management.
Capgemini
- Applications & Technology63%
Cloud, data & AI, ERP and custom software services (2025).
- Operations & Engineering29%
Capgemini Engineering, cloud infrastructure and digital business process services incl. WNS (2025).
- Strategy & Transformation8%
Capgemini Invent consulting and design (2025).
Business model and strategy
Accenture
How it makes money
Accenture sells professional services to large companies and governments. Consulting revenue ($35.11B in FY2025) comes from strategy, technology implementation, cloud migration and data and AI projects. Managed services revenue ($34.57B) comes from multi-year contracts to run applications, infrastructure and business processes such as finance or customer operations.
Growth strategy
Accenture grows through a mix of organic services and frequent acquisitions. It spent $6.58B on businesses and investments in FY2024 and $1.47B in FY2025, and in 2026 announced its largest recent deals: Faculty in the UK and the $1.2B Ookla agreement.
Competitive advantage
Accenture can take a client from strategy work through systems implementation and then run the resulting systems or processes under multi-year managed services contracts; in FY2025 managed services was $34.57B of its $69.67B revenue.
Capgemini
How it makes money
Capgemini earns fees for people and outcomes rather than selling software licences. Clients pay through time-and-materials contracts, fixed-price projects and multi-year managed-services agreements. Strategy & Transformation (8% of 2025 revenue) covers Capgemini Invent's consulting work. Applications & Technology (63%) covers cloud, data and AI, ERP and custom software.
Growth strategy
Capgemini grows through a mix of organic AI-led demand and sizeable acquisitions. Recent deals include Altran (2020, about $4.07 billion (€3.6 billion) equity value), Syniti (2024, SAP data migration), WNS (2025, $3.3 billion cash, business process services) and Cloud4C (2025, managed cloud).
Competitive advantage
Capgemini's edge is breadth: it can take a client from strategy (Capgemini Invent) through software and cloud delivery to product engineering (Capgemini Engineering) and outsourced operations (WNS), all under one contract. It has deep relationships with European industrial and public-sector clients, a large offshore delivery base, and alliances with Microsoft, AWS, Google Cloud and SAP.
Questions about Accenture vs Capgemini
Which company has higher revenue — Accenture PLC or Capgemini?
Accenture PLC reported $69.7B (FY2025), while Capgemini reported ~$25.4B (FY2025). By last reported revenue, Accenture PLC is the larger business, with Capgemini reporting a smaller revenue base.
What is the market cap of Accenture PLC vs Capgemini?
Accenture PLC's market capitalisation stands at $110.7B, while Capgemini's is $20.0B. Accenture PLC carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Capgemini.
Which is more financially efficient — Accenture PLC or Capgemini?
Accenture PLC generates $87k / employee in revenue per employee, while Capgemini generates $61k / employee. Accenture PLC shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Accenture PLC and Capgemini make money?
Accenture PLC and Capgemini generate revenue in fundamentally different ways. Accenture PLC: Accenture sells professional services to large companies and governments. Capgemini: Capgemini earns fees for people and outcomes rather than selling software licences.
Which company is valued higher relative to revenue — Accenture PLC or Capgemini?
On a price-to-sales (P/S) basis, Accenture PLC trades at 1.6x P/S and Capgemini at 0.8x P/S. Accenture PLC commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Capgemini. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Accenture PLC bigger than Capgemini?
By last reported revenue, Accenture PLC ($69.7B (FY2025)) is the larger company compared to Capgemini (~$25.4B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Accenture vs Capgemini overview