AECOM reported its financial results for the first quarter of fiscal 2026, ending December 31, 2025, revealing a revenue of $3.83 billion, a decrease of 4.6% from $4.01 billion in the same period last year. The company's gross profit increased to $281 million, up 4.7% from $268 million, reflecting a gross profit margin improvement from 6.7% to 7.3%. However, net income attributable to AECOM fell significantly to $74.5 million, down 55.4% from $167 million, primarily due to a substantial increase in net loss from discontinued operations, which rose to $65.9 million from $9.6 million.
The decline in revenue was attributed to fewer working days compared to the previous year and a decrease in pass-through revenues, which fell from $2.2 billion to $2.0 billion. The Americas segment experienced a revenue drop of 4.3%, largely due to a $191.2 million decrease in the Facilities end market, although there were increases in the Transportation and Water end markets. The International segment also saw a revenue decline of 5.4%, driven by reduced activity in the Facilities and Transportation sectors.
In terms of operational developments, AECOM completed two business acquisitions during the fiscal year ended September 30, 2025, for a total consideration of $375.9 million. The company continues to assess the value of the acquired assets, including tax liabilities and intellectual property. Additionally, AECOM's strategic review of its construction management business has concluded, with plans to maintain operations in this area. The company has also exited most of its self-perform at-risk construction businesses, aiming to improve profitability and reduce risk.
As of December 31, 2025, AECOM's total assets stood at $11.94 billion, down from $12.20 billion at the end of the previous fiscal year. The company reported a decrease in cash and cash equivalents to $1.25 billion from $1.58 billion. Working capital decreased by 23.9% to $610.1 million, while net cash provided by operating activities was $70.2 million, a decline from $151.1 million in the prior year. Looking ahead, AECOM anticipates continued investment in infrastructure driven by government programs, which may support revenue growth despite current challenges.
About AECOM
AECOM is a global leader in professional infrastructure consulting, offering services in planning, engineering design, and program management across sectors like transportation, water, and environmental engineering. With a market opportunity driven by aging infrastructure and urbanization, AECOM targets government and private clients worldwide. The company emphasizes digital transformation and innovative solutions, enhancing its competitive edge while focusing on sustainability and community impact through strategic partnerships and pro-bono initiatives.
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