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Booz Allen Hamilton BAH Billable Expenses

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$54.4M-2.9%
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Other financials

Income statement

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Revenue$2.8B-6.5%
Gross profit$1.5B-6.0%
Operating income$263.0M-4.4%
Net income$205.0M+6.2%
EPS (diluted)$1.68+10.5%

Balance sheet

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Cash & equivalents$728.0M-17.7%
Total debt$4.1B-2.3%
Total equity$1.1B+10.2%
Total assets$7.1B-2.7%

Cash flow

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Operating cash flow$240.0M+9.6%
CapEx$28.0M+12.0%
Free cash flow$212.0M+9.3%

Valuation

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Market cap$7.96B-27.5%
Enterprise value$11.35B-21.5%
P/E9.4×-2.4×
P/S0.7×-0.2×

Profitability

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Gross margin52.7%-2.1pp
Operating margin9.2%-2.2pp
Net margin7.6%-0.2pp
FCF margin8.5%+0.9pp

Returns & leverage

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Return on equity80.7%-10.5pp
Debt / equity3.7×-0.5×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Booz Allen Hamilton in its filing.

Tagged under the XBRL concept bah:BillableExpenses.

The official record: Booz Allen Hamilton’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Booz Allen Hamilton's billable expenses?
Booz Allen Hamilton (BAH) reported billable expenses of $877M in Q1 2026.
How has Booz Allen Hamilton's billable expenses changed year-over-year?
Booz Allen Hamilton's billable expenses decreased by 5.5% year-over-year, from $928M to $877M.
What is the long-term trend for Booz Allen Hamilton's billable expenses?
Over 4 years (2022 to 2026), Booz Allen Hamilton's billable expenses has grown at a 8.7% compound annual growth rate (CAGR), from $2.47B to $3.45B.
What does billable expenses mean?
Billable expenses represent costs incurred by the company that are contractually reimbursable by the client, such as travel or third-party materials. These expenses are passed through to the customer and are critical for understanding the gross revenue composition versus the core service delivery revenue.