Filing Flows › AECOM (ACM) › Q4 FY25
AECOM (ACM) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 19, 2025
AECOM (ACM) reported revenue of $4.2B for the fourth quarter fiscal 2025 (Q4 FY25), +2% from a year earlier and -0.1% from the quarter before. Operating margin was 5.7%, net earnings $120M (2.9% of revenue).
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.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | -0.1% | +2% |
| Gross profit | $331M | +1% | +12% |
| Operating profit | $237M | -19% | +0.4% |
| Net earnings | $120M | -8% | -30% |
| Operating cash flow | $196M | -31% | -34% |
| Free cash flow | $134M | — | -51% |
What changed
Revenue was $4.2B in Q4 FY25, up 2% year over year and roughly flat from the previous quarter.
Gross margin was 7.9%, up 0.8 points from Q4 FY24. Operating profit was $0.24B, a 5.7% margin (down 0.1 points year over year). Of the extra revenue versus Q4 FY24, 2% reached operating profit, below the 6% margin then. Operating expenses grew 61% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+278%). Net earnings were $0.12B, down 30% year over year. The effective tax rate was 29.8%.
Operating cash flow was $0.20B (down 34% year over year), 142% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization and $0.02B of share-based compensation. After capital expenditures, net ($0.06B), free cash flow as the company reports it was $0.13B.
Questions
What was AECOM's revenue in the fourth quarter fiscal 2025?
AECOM (ACM) reported revenue of $4.2B for the fourth quarter fiscal 2025 (Q4 FY25), +2% from a year earlier and -0.1% from the quarter before.
Was AECOM profitable in the fourth quarter fiscal 2025?
Operating profit was $237M (5.7% of revenue) and net earnings $120M.
Source: AECOM 10-K on SEC EDGAR.