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Get filing alertsBooz Allen Q1 revenue falls 4.2% on procurement headwinds, adjusted EPS jumps 22.3%
Filed July 24, 2026 · Period ending July 24, 2026 · ~1 min read
Key Changes
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Q1 FY2027 revenue declined 4.2% YoY to $2.8B due to slowed government procurement reducing headcount and billable expenses, but adjusted EBITDA rose 7.4% to $334M on strong contract execution and adjusted EBITDA margin expanded 130 bps to 11.9%.
Exhibit 99.1 view on EDGAR → -
high
Adjusted diluted EPS increased 22.3% to $1.81 (GAAP EPS fell 24.5% to $1.63), driven by profitability gains, lower tax rate, and reduced share count; free cash flow surged 171.9% to $261M on strong working capital management.
Exhibit 99.1 view on EDGAR → -
high
Total backlog grew 3.2% YoY to $39.5B with quarterly book-to-bill of 1.5x; company reaffirmed FY2027 guidance of $11.2-$11.7B revenue (0-4% growth), $6.00-$6.35 adjusted EPS, and $825-$925M free cash flow.
Exhibit 99.1 view on EDGAR → -
medium
Deployed $324M in M&A and strategic investments in Q1, including completed acquisition of Defy Security and agreement to acquire Ultra Mission Solutions, focused on cyber and defense technologies.
Exhibit 99.2 view on EDGAR → -
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Declared regular quarterly dividend of $0.59 per share, payable August 28, 2026 to shareholders of record August 14, 2026.
Exhibit 99.1 view on EDGAR →
Summary
Booz Allen Hamilton reported mixed first-quarter fiscal 2027 results that illustrate the tension between near-term government procurement headwinds and the company's ability to extract margin from existing work.
Revenue fell 4.2% year-over-year to $2.8 billion as slowed federal procurement reduced headcount and billable expenses, yet adjusted EBITDA climbed 7.4% to $334 million and adjusted diluted EPS jumped 22.3% to $1.81. The margin expansion—adjusted EBITDA margin rose 130 basis points to 11.9%—reflects strong contract execution and favorable timing of investment spending.
Free cash flow more than doubled to $261 million on working capital discipline. Management reaffirmed full-year guidance (revenue $11.2–$11.7 billion, adjusted EPS $6.00–$6.35, free cash flow $825–$925 million), signaling confidence that procurement headwinds are transient rather than structural. The 1.5x book-to-bill ratio and 3.2% backlog growth to $39.5 billion support that view. The company deployed $324 million in M&A during the quarter, acquiring Defy Security and agreeing to buy Ultra Mission Solutions, both cyber and defense plays. For holders, the quarter demonstrates operational resilience: the company is managing costs and winning work even as revenue growth stalls, and the guidance implies a return to growth as procurement normalizes.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Booz Allen Hamilton announced fiscal year 2026 results ending June 30, 2026.
Added in current filing · verify on EDGAR →
On July 24, 2026, Booz Allen Hamilton Holding Corporation (the “Company”) issued a press release announcing its results of operations for the fiscal year ended June 30, 2026.
The company disclosed its full-year fiscal 2026 operating results via press release. The 8-K itself does not contain the financial figures; those appear in the attached Exhibit 99.1 press release, which is not provided in this filing body.
Event · Item 7.01 — Regulation FD Disclosure
Booz Allen posted its earnings conference call presentation to the investor relations website.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 24, 2026, the Company posted to the “Investor Relations” section of its website the presentation that accompanies the earnings conference call.
The company disclosed that it posted an earnings conference call presentation to its investor relations website on July 24, 2026. This is a routine disclosure under Regulation FD to ensure equal access to information presented during the earnings call.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Revenue $2,800 $2,924 (4.2)% Revenue Ex. Billable Expenses $1,965 $2,043 (3.8)% Net Income $198 $271 (26.9)% Adjusted Net Income $217 $184 17.9% Diluted EPS $1.63 $2.16 (24.5)% Adjusted Diluted EPS $1.81 $1.48 22.3% EBITDA $324 $297 9.1% Adjusted EBITDA $334 $311 7.4% Adjusted EBITDA Margin on Revenue 11.9% 10.6% +130 bps
For the three months ended June 30, 2026, Booz Allen reported revenue of $2.8 billion, down 4.2% year-over-year, and revenue excluding billable expenses of $2.0 billion, down 3.8%. GAAP net income fell 26.9% to $198 million and diluted EPS fell 24.5% to $1.63. However, adjusted net income rose 17.9% to $217 million, adjusted diluted EPS rose 22.3% to $1.81, and adjusted EBITDA rose 7.4% to $334 million. Adjusted EBITDA margin on revenue expanded 130 basis points to 11.9%, reflecting strong profitability despite the revenue decline.
Added in current filing · view on EDGAR →
Net Cash Provided by Operating Activities $281 $119 136.1% Free Cash Flow $261 $96 171.9%
Operating cash flow more than doubled to $281 million from $119 million in the prior-year quarter, a 136.1% increase. Free cash flow rose 171.9% to $261 million from $96 million. The company deployed $447 million in total capital during the quarter.
Added in current filing · view on EDGAR →
Total backlog $ 39,483 $ 38,265
Total backlog as of June 30, 2026 was $39 billion, up 3.2% from $38.3 billion a year earlier. The quarterly book-to-bill ratio was 1.5x, indicating new bookings exceeded revenue by 50% during the quarter.
Added in current filing · view on EDGAR →
Revenue $11.2 - $11.7 billion Revenue Growth 0 - 4.0% Adjusted EBITDA $1,240 - $1,290 million Adjusted EBITDA Margin on Revenue ~11% Adjusted Diluted EPS ... $6.00 - $6.35 Free Cash Flow ... $825 - $925 million
Booz Allen reaffirmed its fiscal 2027 guidance, projecting revenue of $11.2 to $11.7 billion (0% to 4.0% growth), adjusted EBITDA of $1,240 to $1,290 million with margin around 11%, adjusted diluted EPS of $6.00 to $6.35, and free cash flow of $825 to $925 million. The guidance assumes capital expenditures of approximately $220 million, including $105 million for the new headquarters.
Event · Exhibit 99.2
Booz Allen reported Q1 FY2027 results with revenue down 4.2% YoY to $2.8B, but Adjusted EBITDA up 7.4% to $334M and Adjusted Diluted EPS up 22.3% to $1.81.
Added in current filing · view on EDGAR → · paraphrased
Net cash provided by operating activities was $281 million for the quarter ended June 30, 2026, as compared to $119 million in the prior year, primarily driven by strong working capital management and lower tax payments as compared to the prior year. ... Free Cash Flow $261 +171.9%
Operating cash flow more than doubled to $281 million from $119 million in the prior year quarter, driven by strong working capital management and lower tax payments. Free cash flow surged 171.9% to $261 million.
Added in current filing · view on EDGAR →
REVENUE $ $11.2 - $11.7B (YoY Growth of 0 – 4.0%) ADJUSTED EBITDA $1.24 - $1.29B ADJUSTED DILUTED EPS $6.00 - $6.35 FREE CASH FLOW $825 - $925M
Management maintained full-year fiscal 2027 guidance with revenue of $11.2-$11.7 billion (0-4% growth), Adjusted EBITDA of $1.24-$1.29 billion, Adjusted Diluted EPS of $6.00-$6.35, and free cash flow of $825-$925 million. The company stated it is on track with expectations despite challenging market dynamics.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify