# 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. Published 2026-10-23 by TGOs. Canonical: https://tgos.io/news/2026/10/23/booz-allens-civil-and-commercial-revenue-falls-15/ Booz Allen's Civil and Commercial revenue fell in the quarter ended Sept. 30, 2026.[1] The 15% decline helped pull total revenue down 3.9%.[1] National Security's reported revenue rose 0.6% to $2.076 billion.[1] 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] ## Why it matters Booz Allen narrowed fiscal 2027 revenue guidance while retaining its earlier midpoint, following a 4.1% first-half revenue decline.[1] Meeting that outlook requires about $5.72 billion to $6.02 billion in second-half revenue.[1] ## Sources 1. Exhibit 99.1: Second Quarter Fiscal 2027 Results 2. Exhibit 99.2: Q2 FY27 Earnings Call Presentation