Filing Flows › AECOM (ACM) › Guidance history
AECOM (ACM) guidance history: what it guided and what it reported
AECOM gave guidance in 12 earnings releases on file since Nov 13, 2023. Of 2 guided periods since reported, it met or beat its own guidance once (50%). GAAP net income: 0 of 1, on average -23.1% against the guided midpoint. Its releases raised guidance 10 times and lowered it twice.
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 16.6% (Nov 18, 2025) → raised 16.8% (Feb 9, 2026) → reaffirmed 16.8% (May 11, 2026) → raised 17.0% (Aug 10, 2026) | — | to be reported | — |
| FY24 | 14.7% (Nov 13, 2023) → raised 15.6% (Feb 5, 2024) → reaffirmed 15.6% (May 6, 2024) → reaffirmed 15.6% (Aug 5, 2024) | — | — | — |
Operating income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $214M (Feb 9, 2026) → raised $228M (May 11, 2026) | — | to be reported | — |
| Q4 FY26 | $244M (Nov 18, 2025) | — | to be reported | — |
| Q4 FY25 | $203M (Nov 18, 2024) | — | — | — |
| FY24 | $175M (Feb 5, 2024) | — | — | — |
| Q4 FY24 | $186M (Nov 13, 2023) | — | — | — |
GAAP net income
Met or beat 0 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $613M–$705M (Feb 9, 2026) → lowered $617M–$696M (May 11, 2026) | — | to be reported | — |
| FY25 | $728M–$734M (May 5, 2025) | $562M | below the range | -23.1% |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $767M–$793M (Feb 9, 2026) → reaffirmed $767M–$793M (May 11, 2026) | — | to be reported | — |
| FY25 | $681M–$698M (May 5, 2025) | — | — | — |
Tax rate
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY24 | 24.0%–26.0% (Nov 13, 2023) | 24.9% | within the range | -0.1 pts |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | 29.0% (Nov 18, 2025) | — | to be reported | — |
| FY26 | 22.0%–23.0% (Nov 18, 2025) → lowered 20.0%–22.0% (Feb 9, 2026) → reaffirmed 20.0%–22.0% (May 11, 2026) → lowered 19.0% (Aug 10, 2026) | — | to be reported | — |
| Q4 FY25 | 21.8% (Nov 18, 2024) | — | — | — |
| FY25 | 24.0% (Nov 18, 2024) → reaffirmed 24.0% (Feb 3, 2025) → reaffirmed 24.0% (May 5, 2025) → reaffirmed 24.0% (Aug 4, 2025) | — | — | — |
| FY24 | 24.0%–26.0% (Feb 5, 2024) → reaffirmed 24.0%–26.0% (May 6, 2024) → reaffirmed 25.0% (Aug 5, 2024) | — | — | — |
The latest quarter
AECOM, Q4 FY25: revenue $4.2B (+2% year over year), operating margin 5.7%, net earnings $120M, operating cash flow $196M. The chart follows the revenue to costs, profit and cash.
Questions
Does AECOM beat its guidance?
AECOM gave guidance in 12 earnings releases on file since Nov 13, 2023. Of 2 guided periods since reported, it met or beat its own guidance once (50%). GAAP net income: 0 of 1, on average -23.1% against the guided midpoint.
How often does AECOM raise guidance?
Its earnings releases raised guidance 10 times and lowered it twice since Nov 13, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.