Industry
Booz Allen's Civil and Commercial revenue falls 15%
National Security's reported revenue barely grew in the fiscal second quarter, while Booz Allen kept its full-year revenue guidance midpoint unchanged.
Booz Allen's Civil and Commercial revenue fell in the quarter ended Sept. 30, 2026. The 15% decline helped pull total revenue down 3.9%.1
Booz Allen's Civil and Commercial revenue falls
Civil and Commercial revenue, USD millions; three months ended Sept. 30
Source: Booz Allen Hamilton, fiscal 2027 second-quarter results, Exhibit 99.1. As of Oct. 23, 2026.
National Security's reported revenue rose 0.6% to $2.076 billion. Booz Allen now groups defense and intelligence customers in that line, with prior periods presented on the same basis.1 On the company's measure excluding billable expenses, National Security revenue grew 5.9%.2 First-half payments for business acquisitions and dispositions, net of cash acquired, totaled $934 million; the results release and presentation do not separate acquired revenue.1–2
Management attributed the overall revenue decline primarily to a slowed procurement environment in the prior year that led to a slower start to programs this year, predominantly from civil customers.2 Headcount fell to 31,000 from 32,500 a year earlier.1
Booz Allen narrowed fiscal 2027 revenue guidance while retaining its earlier midpoint, following a 4.1% first-half revenue decline. Meeting that outlook requires about $5.72 billion to $6.02 billion in second-half revenue.1
Sources (2)
- Exhibit 99.1: Second Quarter Fiscal 2027 Results www.sec.gov
- Exhibit 99.2: Q2 FY27 Earnings Call Presentation www.sec.gov