10-Q · July 24, 2026
Booz Allen’s fiscal Q1 revenue declined 4% year over year to $2.800 billion amid slower federal procurement, though operating margin expanded by roughly 1 percentage point to 10% and GAAP EPS of $1.63 exceeded…
Earnings analysis · 10-Q
BAH earnings analysis
Filed October 23, 2026 · Our reading of the company's report
The latest report
Booz Allen delivered a mixed quarter: revenue was $2.778 billion, below the $2.808 billion consensus estimate, while GAAP diluted EPS of $1.50 and adjusted diluted EPS of $1.76 supported a favorable profitability…
Read full summary
Booz Allen delivered a mixed quarter: revenue was $2.778 billion, below the $2.808 billion consensus estimate, while GAAP diluted EPS of $1.50 and adjusted diluted EPS of $1.76 supported a favorable profitability picture. The filing provides limited financial-statement and MD&A detail in the supplied extract, and it contains no new material risk-factor changes. Capital returns continued, with 1,344,608 shares repurchased and $535 million remaining under the authorization, while upcoming leadership changes add a modest execution consideration.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.5
What stood out
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EPS beat offset revenue miss
Quarterly revenue was $2.778 billion, approximately $30 million below the $2.808 billion consensus estimate, while GAAP diluted EPS of $1.50 exceeded the $1.47 estimate.
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Underlying profitability improved
Adjusted diluted EPS was $1.76, and adjusted net income increased 15.3%, indicating improved underlying profitability despite softer revenue.
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Share repurchases continued
The company repurchased 1,344,608 shares during the quarter, including 1,342,324 shares under the announced program.
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Substantial repurchase authorization remains
At quarter-end, approximately $535 million remained available under the repurchase authorization, which had been increased to $4.085 billion on October 22, 2025.
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Controls remained effective
Management stated that disclosure controls were effective as of quarter-end and that there were no material changes to internal controls during the last fiscal quarter.
What to watch
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Revenue underperformed expectations
Revenue of $2.778 billion was below the $2.808 billion consensus estimate and represented a decline from the prior-year period, signaling continued execution and demand risk.
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Capital allocation remains discretionary
The company completed $1,344,608 of share repurchases during the quarter while only $535 million remained under the authorization; the program may be suspended, modified, or discontinued at management's discretion without prior notice.
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Leadership transition risk
The filing states there were no material changes to the risk factors from the March 31, 2026 Form 10-K, limiting evidence of new risk disclosures; however, leadership changes take effect November 2, 2026, when the intelligence and global defense businesses will be combined under one leader.
Management's outlook
The 10-Q does not provide quantitative revenue or EPS guidance. Prior outlook changes were discussed in the October 23, 2026 earnings release rather than in the extracted 10-Q MD&A.
Earlier filings 4
10-K · May 22, 2026
Booz Allen Hamilton's FY26 report reveals a 6% decline in revenue to $11.2 billion, attributed to a sluggish procurement environment, while adjusted EPS decreased to $6.90. Despite a drop in revenues from key segments,…
10-Q · October 24, 2025
Booz Allen reported revenue of $2,890 million for the quarter ended September 30, 2025, down 8% YoY, with operating income of $283 million (operating margin 10%, down from 17% a year ago). Net income fell to $175…
10-Q · July 25, 2025
Booz Allen reported revenue of $2,924 million, down 1% vs. prior-year quarter, with operating income essentially flat at $257 million (9% operating margin). Net income rose to $271 million (up 64%) driven largely by a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.