AECOM Q1 NSR Rises 2.7% to $1.85B; Backlog Jumps 8.7%
AECOM’s Q1 FY26 adjusted net service revenues rose 2.7% year over year to $1.85 billion, driven by a 9% increase in its Americas segment. Its backlog expanded 8.7% to $25.96 billion with a book-to-burn ratio above 1x for the 21st consecutive quarter, boosting revenue visibility.
1. Q1 Net Service Revenue Growth
Q1 adjusted net service revenues rose 2.7% year over year to $1.85 billion, driven by a 9% increase in the Americas segment as transportation, water and environmental projects accelerated.
2. Backlog Expansion and Book-to-Burn Ratio
Backlog reached $25.96 billion in Q1 FY26, up 8.7% from the prior-year period, while the book-to-burn ratio remained above 1x for the 21st consecutive quarter, reflecting sustained project awards and demand.
3. Strategic Business Segments and Outlook
Advisory and Program Management businesses are expected to account for nearly half of operations over time, supported by investments in leadership, technical expertise and artificial intelligence; earnings estimates for fiscal 2026 and 2027 have been raised to reflect 13.5% and 12% growth.