Accenture vs DXC Technology: Revenue, Profit and Business Model
Accenture reported $69.7B of revenue in FY2025 and $7.7B of net income. DXC Technology reported $12.6B of revenue in FY2026 and $18M of net income.
Latest financial snapshot
Accenture
- Latest revenue
- $69.7B (FY2025)
- Net income
- $7.7B
- Net margin
- 11.0%
- Revenue growth
- +8.0% a year, FY2016–FY2025
DXC Technology
- Latest revenue
- $12.6B (FY2026)
- Net income
- $18M
- Net margin
- 0.1%
- Revenue growth
- +5.8% a year, FY2017–FY2026
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.
DXC Technology
DXC's revenue has shrunk every year since its first full fiscal year: from $21.73 billion in FY2018 to $14.43 billion in FY2023, $13.67 billion in FY2024, $12.87 billion in FY2025 and $12.64 billion in FY2026 (fiscal years end March 31). FY2026 revenue fell 4.8% on an organic basis, and net income dropped to $18 million from $389 million, hit by a fourth-quarter net loss of about $140 million. Q4 FY2026 revenue was $3.13 billion with adjusted EBIT of $237 million (7.6% margin). In Q1 FY2027 (quarter ended June 30, 2026), revenue was $3.00 billion, down 5.1% (6.7% organically), but diluted EPS was $0.73 and free cash flow reached $314 million, helped by $214 million from a litigation judgment. Bookings were $3.0 billion (book-to-bill 0.99x), and DXC bought back $70 million of stock. Management kept its full-year FY2027 guidance. The core tension is unchanged: GIS, its largest segment, fell 11.1% organically in Q1 FY2027 as clients shift legacy workloads to public cloud, while CES and insurance software are roughly flat to slightly growing.
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 |
DXC Technology
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $12.6B | $18M | 0.1% | -1.8% | Source |
| FY2025 | $12.9B | $389M | 3.0% | -5.8% | Source |
| FY2024 | $13.7B | $91M | 0.7% | -5.3% | Source |
| FY2023 | $14.4B | -$568M | -3.9% | -11.3% | Source |
| FY2022 | $16.3B | $718M | 4.4% | -8.3% | Source |
| FY2021 | $17.7B | -$149M | -0.8% | -9.4% | Source |
| FY2020 | $19.6B | -$5.4B | -27.4% | -5.7% | Source |
| FY2019 | $20.8B | $1.3B | 6.1% | -4.5% | Source |
| FY2018 | $21.7B | $1.8B | 8.1% | +185.7% | Source |
| FY2017 | $7.6B | -$123M | -1.6% | — | 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.
DXC Technology
No segment breakdown is published.
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.
DXC Technology
How it makes money
DXC operates a large, highly labor-intensive B2B IT Outsourcing and Consulting business model. The model is divided into two parts: Consulting & Engineering Services (CES) and Global Infrastructure Services (GIS). GIS is the legacy business: physically managing the data centers and laptops for a large corporation. CES is the 'growth' engine: consulting with clients on Analytics, Engineering, and Cloud migration.
Growth strategy
DXC's growth strategy is highly defensive, focused entirely on 'Cloud Migration' and stabilizing their revenue base. They cannot stop their clients from moving to the cloud, so their strategy is to be the premier consultant that actually executes the highly complex migration. They have formed large, strategic partnerships with AWS, Google Cloud, and Microsoft Azure.
Competitive advantage
DXC's absolute competitive advantage is its large, deeply entrenched relationships with the most risk-averse organizations on earth (like the US Department of Defense or large global banks). Switching IT providers for a large bank is a highly alarming, multi-year process with a large risk of catastrophic failure.
Questions about Accenture vs DXC Technology
Which company has higher revenue — Accenture PLC or DXC Technology?
Accenture PLC reported $69.7B (FY2025), while DXC Technology reported $12.6B (FY2026). By last reported revenue, Accenture PLC is the larger business, with DXC Technology reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Accenture PLC vs DXC Technology?
Accenture PLC's market capitalisation stands at $110.7B, while DXC Technology's is $1.7B. Accenture PLC carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to DXC Technology.
Which is more financially efficient — Accenture PLC or DXC Technology?
Accenture PLC generates $87k / employee in revenue per employee, while DXC Technology generates $110k / employee. DXC Technology 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 DXC Technology make money?
Accenture PLC and DXC Technology generate revenue in fundamentally different ways. Accenture PLC: Accenture sells professional services to large companies and governments. DXC Technology: DXC operates a large, highly labor-intensive B2B IT Outsourcing and Consulting business model.
Which company is valued higher relative to revenue — Accenture PLC or DXC Technology?
On a price-to-sales (P/S) basis, Accenture PLC trades at 1.6x P/S and DXC Technology at 0.1x P/S. Accenture PLC commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to DXC Technology. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Accenture PLC bigger than DXC Technology?
By last reported revenue, Accenture PLC ($69.7B (FY2025)) is the larger company compared to DXC Technology ($12.6B (FY2026)). 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 DXC Technology overview