Booz Allen Hamilton Holding Corporation reported a revenue of $11.2 billion for the fiscal year ending March 31, 2026, a decrease of 6% compared to $12.0 billion in the previous fiscal year. The decline in revenue was attributed to a slowed procurement environment and a government shutdown that occurred in the third quarter of fiscal 2026, which also led to a reduction in headcount and billable expenses. The company's net income for the fiscal year was $851 million, down 9% from $935 million in fiscal 2025, reflecting a decrease in operating income from $1.37 billion to $1.03 billion.
In terms of operational metrics, Booz Allen's total backlog increased by 3% year-over-year, reaching $38.2 billion as of March 31, 2026. The funded backlog was reported at $4.3 billion, while unfunded backlog rose significantly to $10.2 billion, indicating a growing pipeline of potential work. The company maintained a strong position in the U.S. government contracting space, with approximately 98% of its revenue derived from government contracts, primarily in defense and intelligence sectors. As of the end of the fiscal year, Booz Allen employed approximately 31,500 people, a slight decrease from the previous year.
Strategically, Booz Allen completed the acquisition of Defy Security for $235 million in April 2026, aimed at enhancing its cybersecurity offerings. The company also made significant investments in venture capital funds, committing up to $400 million to two separate funds, which are expected to bolster its technological capabilities. Additionally, Booz Allen's share repurchase program remains active, with $684 million available for future buybacks as of March 31, 2026.
Looking ahead, Booz Allen anticipates continued challenges due to the evolving U.S. government budgetary and regulatory environment, which may impact future revenue and contract awards. The company is focused on adapting to these changes while leveraging its technological investments to drive growth. Management expressed confidence in its ability to navigate these challenges, supported by a robust liquidity position of $2.2 billion, which includes $728 million in cash and cash equivalents and $1.5 billion available under its revolving credit facility.
About Booz Allen Hamilton Holding Corp
Booz Allen Hamilton Holding Corporation is a technology-driven consulting firm specializing in advanced solutions for U.S. government defense, intelligence, and civil agencies. It delivers services in artificial intelligence, cybersecurity, digital transformation, space, and emerging technologies. Serving primarily federal customers, Booz Allen combines deep mission expertise with cutting-edge technology to address complex national security and government modernization challenges through contract-based engagements and integrated multidisciplinary teams.
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