Accenture plc (ACN)

Net profit margin

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Net income (ttm)	US$ in thousands	7,031,260	6,880,050	6,871,560	7,163,730	6,939,810	7,051,100	6,877,170	6,628,290	6,391,640	6,197,560	5,906,820	5,778,500	5,457,270	5,251,150	5,107,840	4,950,340	4,971,660	4,861,370	4,779,120	4,678,210
Revenue (ttm)	US$ in thousands	64,573,600	64,588,300	64,111,800	63,550,300	63,144,500	62,377,000	61,594,400	59,590,000	56,695,000	53,736,400	50,533,400	47,949,400	45,676,900	44,730,300	44,327,100	44,547,400	44,655,800	43,968,400	43,214,900	42,663,300
Net profit margin		10.89%	10.65%	10.72%	11.27%	10.99%	11.30%	11.17%	11.12%	11.27%	11.53%	11.69%	12.05%	11.95%	11.74%	11.52%	11.11%	11.13%	11.06%	11.06%	10.97%

February 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $7,031,260K ÷ $64,573,600K
= 10.89%

The net profit margin of Accenture plc has shown relatively consistent performance over the periods covered in the table. The margin fluctuated within a narrow range, with a low of 10.65% in November 2023 to a high of 12.05% in August 2021. Overall, the company has maintained a healthy profitability level, staying above 10% throughout the periods analyzed.

The slight variations in the net profit margin can be attributed to factors such as changes in operating expenses, cost management strategies, revenue fluctuations, and one-time exceptional items impacting profitability. Despite these fluctuations, Accenture's ability to generate earnings relative to its revenue remains strong and stable over time.

Investors and stakeholders may find Accenture's consistent performance in maintaining a double-digit net profit margin reassuring, indicating effective cost control measures and a solid business model that supports profitability. It also suggests the company's ability to adapt to changing market conditions while preserving its bottom line.