Jun 2026 (Q3 FY26) — Aug 11, 2026
AECOM Q3 FY26 — Record Backlog Amidst Construction Management Project Charge
Read the full callAECOM (ACM) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
AECOM earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,586 | −14.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -2.1 | −9.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -86.7 | −166.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $5.95 at the midpoint | Dec 2025 | Adjusted for the charge and to help with comparability, we now expect full year NSR of $7.65 billion to $7.7 billion and adjusted EBITDA and EPS consistent with our prior guidance at $1.29 [ billion ] and $6 at the midpoints. | Revised Up |
| Adjusted EBITDA growth | 7% increase at the midpoint | Mar 2026 | Adjusted for the charge and to help with comparability, we now expect full year NSR of $7.65 billion to $7.7 billion and adjusted EBITDA and EPS consistent with our prior guidance at $1.29 [ billion ] and $6 at the midpoints. | On Track |
23 of AECOM's 27 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 25 more targets are in the full ledger.
Claimed
- Backlog increased 13% to a new all-time high on record quarterly wins and a 1.6 book-to-burn across the business.
- Americas Design business grew 6% (adjusted for one less working day), with International returning to 4% growth.
- Adjusted EBITDA and EPS improved year-over-year by 5% and 11% respectively, excluding the CM project charge.
- International adjusted operating margin was 14.3%, reflecting better growth in Australia and UK, and initial benefits from AI.
- Company delivered positive free cash flow of $55 million despite headwinds from construction management projects.
Qualified
- A $337 million pretax charge was recorded due to a delay in delivering a large construction management project.
- Overall NSR growth in the quarter was below expectations due to slower-than-anticipated new project starts in CM and continued Middle East conflict impact.
- Full-year free cash flow guidance reduced from $400 million to $300 million due to cash burn on CM projects.
- Americas adjusted operating margin was negative 16.1% (or 18% excluding CM impact), affected by lower CM project ramp-up and 140 basis points from record business development activities.
- Expect continued cash burn of approximately $0.5 billion on CM projects through the first half of fiscal 2027.
Price
$58.02 −1.56% · −$0.92
Performance −55.7% 1Y
1Y: $130.87 on 17 Oct 2025 → $58.02. High $134.35 (31 Oct 2025), low $58.02 (19 Oct 2026).
- Previous close
- $58.94
- 52-week range
- $58.02 – $134.35
- One year
- −56.59%
Overview
- Symbol
- ACM
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS | $5.95 at the midpoint | Dec 2025 | Adjusted for the charge and to help with comparability, we now expect full year NSR of $7.65 billion to $7.7 billion and adjusted EBITDA and EPS consistent with our prior guidance at $1.29 [ billion ] and $6 at the midpoints. | Revised Up |
| Adjusted EBITDA growth | 7% increase at the midpoint | Mar 2026 | Adjusted for the charge and to help with comparability, we now expect full year NSR of $7.65 billion to $7.7 billion and adjusted EBITDA and EPS consistent with our prior guidance at $1.29 [ billion ] and $6 at the midpoints. | On Track |
Claimed
- Backlog increased 13% to a new all-time high on record quarterly wins and a 1.6 book-to-burn across the business.
- Americas Design business grew 6% (adjusted for one less working day), with International returning to 4% growth.
- Adjusted EBITDA and EPS improved year-over-year by 5% and 11% respectively, excluding the CM project charge.
- International adjusted operating margin was 14.3%, reflecting better growth in Australia and UK, and initial benefits from AI.
- Company delivered positive free cash flow of $55 million despite headwinds from construction management projects.
Qualified
- A $337 million pretax charge was recorded due to a delay in delivering a large construction management project.
- Overall NSR growth in the quarter was below expectations due to slower-than-anticipated new project starts in CM and continued Middle East conflict impact.
- Full-year free cash flow guidance reduced from $400 million to $300 million due to cash burn on CM projects.
- Americas adjusted operating margin was negative 16.1% (or 18% excluding CM impact), affected by lower CM project ramp-up and 140 basis points from record business development activities.
- Expect continued cash burn of approximately $0.5 billion on CM projects through the first half of fiscal 2027.
The full ledger
Open AECOM’s full ledger
A free account opens 5 company ledgers a month. All 27 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 12, 2026
AECOM Q2 FY26 — Record Backlog and Strong Profitability Driven by AI and Strategic Investments
Read the full callEvery analysed call
AECOM earnings calls (ACM)
Financials
What the filings say
Net profit, year on year: −166% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,110 | 4,014 | 3,772 | 4,178 | 4,175 | 3,831 | 3,801 | 3,586 |
| Operating profit | 236 | 237 | 258 | 294 | 237 | 222 | 248 | -76 |
| Operating margin | 5.8% | 5.9% | 6.8% | 7.0% | 5.7% | 5.8% | 6.5% | −2.1% |
| Interest | 45 | 43 | 42 | 40 | 59 | 45 | 51 | 48 |
| Profit before tax | 218 | 218 | 221 | 269 | 208 | 198 | 222 | -107 |
| Tax rate | 16.0% | 13.4% | 23.2% | 24.2% | 28.1% | 19.7% | 12.1% | 24.9% |
| Net profit | 173 | 167 | 143 | 131 | 120 | 75 | 180 | -87 |
| EPS ($ per share) | — | 1.26 | 1.08 | 0.99 | — | 0.57 | 1.40 | -0.67 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 948 | 600 | 174 | -504 | -702 | -1,104 | -1,282 | -1,225 |
| Total liabilities | 10,403 | 10,652 | 9,585 | 8,904 | 8,534 | 8,850 | 9,691 | 9,504 |
| Fixed assets | 614 | 406 | 382 | 399 | 428 | 383 | 354 | 416 |
| Total assets | 14,681 | 14,551 | 12,999 | 11,734 | 11,139 | 11,233 | 12,062 | 12,200 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 775 | 778 | 330 | 705 | 714 | 696 | 827 | 822 |
| Cash from investing | -59 | -147 | 2,037 | -421 | -175 | -138 | -211 | -413 |
| Cash from financing | -625 | -433 | -1,628 | -873 | -588 | -473 | -295 | -404 |
| Net cash flow | 84 | 194 | 738 | -583 | -58 | 85 | 323 | 1 |
| Capital expenditure | -113 | -101 | -115 | -136 | -137 | -106 | -120 | -137 |
| Free cash flow | 661 | 677 | 215 | 568 | 577 | 590 | 708 | 685 |
ACM revenue by segment
International grew from 22% to 27% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | 78% | 78% | 77% | 78% | 78% | 78% | 77% | 73% | -19.7% |
| International | 22% | 22% | 23% | 22% | 22% | 22% | 23% | 27% | +5.8% |
| AECOM Capital | — | 0% | 0% | 0% | 0% | 0% | 0% | <1% | +100.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q3 FY2026 · share of revenue
- Americas 73% ↓ 4 pt
- EMEA 16% ↑ 2 pt
- Asia Pacific 11% ↑ 2 pt
As ACM cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
31 filings between Dec 15, 2025 and Jun 16, 2026.
Open market
decisions to buy or sellPurchases
$699.4K
3 purchases by 3 insiders
Sales
$3.22M
4 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 15
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 4
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Poloni Lara | $298.3K | $1.70M | Jun 16, 2026 |
| Gan David Y. | — | $1.51M | Dec 17, 2025 |
| Rudd Troy | $300.1K | — | May 14, 2026 |
| Kapoor Gaurav | $101.0K | — | May 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 16, 2026 | Poloni Lara PRESIDENT | Purchase | 4,224 | $298.3K |
| May 14, 2026 | Rudd Troy CHIEF EXECUTIVE OFFICER | Purchase | 4,225 | $300.1K |
| May 14, 2026 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Purchase | 1,420 | $101.0K |
| Mar 3, 2026 | Tishman Daniel R. Director | Award | 2,002 | $0 |
| Mar 3, 2026 | Wolfenbarger Janet Carol Director | Award | 2,002 | $0 |
| Mar 3, 2026 | Stotlar Douglas Director | Award | 2,236 | $0 |
| Mar 3, 2026 | van 't Noordende Alexander M Director | Award | 2,002 | $0 |
| Mar 3, 2026 | Pipes Kristy Director | Award | 2,002 | $0 |
| Mar 3, 2026 | Buss Brad W Director | Award | 2,002 | $0 |
| Mar 3, 2026 | KERR DEREK J Director | Award | 2,002 | $0 |
| Dec 23, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Gift | 600 | $0 |
| Dec 17, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 9,502 | $921.8K |
| Dec 17, 2025 | Poloni Lara PRESIDENT | Sale 10b5-1 plan | 17,340 | $1.68M |
| Dec 17, 2025 | Poloni Lara PRESIDENT | Sale 10b5-1 plan | 193 | $19.0K |
| Dec 15, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Award 10b5-1 plan | 14,056 | $0 |
| Dec 15, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Tax withheld 10b5-1 plan | 10,530 | $1.03M |
| Dec 15, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 6,000 | $593.1K |
| Dec 15, 2025 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Award | 22,490 | $0 |
| Dec 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Option exercise | 36,812 | $0 |
| Dec 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Award | 49,000 | $0 |
| Dec 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Award | 86,581 | $0 |
| Dec 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Tax withheld | 48,556 | $4.76M |
| Dec 15, 2025 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Option exercise | 9,562 | $0 |
| Dec 15, 2025 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Award | 15,109 | $0 |
| Dec 15, 2025 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Tax withheld | 16,940 | $1.66M |
| Dec 15, 2025 | Poloni Lara PRESIDENT | Option exercise 10b5-1 plan | 10,040 | $0 |
| Dec 15, 2025 | Poloni Lara PRESIDENT | Award 10b5-1 plan | 16,334 | $0 |
| Dec 15, 2025 | Poloni Lara PRESIDENT | Award 10b5-1 plan | 23,615 | $0 |
| Dec 15, 2025 | Poloni Lara PRESIDENT | Tax withheld 10b5-1 plan | 13,425 | $1.32M |
| Dec 15, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Option exercise 10b5-1 plan | 5,976 | $0 |
| Dec 15, 2025 | Gan David Y. CHIEF LEGAL OFFICER | Award 10b5-1 plan | 6,534 | $0 |
| Sep 5, 2025 | Tishman Daniel R. Director | Gift | 27,935 | $0 |
| Aug 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Option exercise 10b5-1 plan | 53,097 | $2.06M |
| Aug 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 41,997 | $5.01M |
| Aug 15, 2025 | Rudd Troy CHIEF EXECUTIVE OFFICER | Sale 10b5-1 plan | 11,100 | $1.33M |
| Feb 28, 2025 | Buss Brad W Director | Award | 1,675 | $0 |
| Feb 28, 2025 | KERR DEREK J Director | Award | 1,675 | $0 |
| Feb 28, 2025 | Pipes Kristy Director | Award | 1,675 | $0 |
| Feb 28, 2025 | Stotlar Douglas Director | Award | 1,900 | $0 |
| Feb 28, 2025 | Tishman Daniel R. Director | Award | 1,675 | $0 |
| Feb 28, 2025 | van 't Noordende Alexander M Director | Award | 1,675 | $0 |
| Feb 28, 2025 | Wolfenbarger Janet Carol Director | Award | 1,675 | $0 |
| Dec 18, 2024 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 3,036 | $337.0K |
| Dec 17, 2024 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 6,362 | $701.0K |
| Dec 16, 2024 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 3,951 | $438.8K |
| Dec 16, 2024 | Gan David Y. CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 7,549 | $843.0K |
| Dec 15, 2024 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Option exercise | 9,371 | $0 |
| Dec 15, 2024 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Award | 11,479 | $0 |
| Dec 15, 2024 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Award | 19,638 | $0 |
| Dec 15, 2024 | Kapoor Gaurav CHIEF FINANCIAL OFFICER (PAO) | Tax withheld | 15,304 | $1.71M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for AECOM
Free account. Everything above stays public.
Write why you follow AECOM and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading