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SEC filingRevenue grew 9.5% to $983.3M with gross profit up 6.0% to $306.8M, sustaining 31.2% margin amid utilization gains and higher bill rates, though net income declined 6.8% to $57.6M from elevated costs and absent prior-year legal gains.
FTI Consulting delivered revenue growth of 9.5% to $983.3 million in Q1 2026 from $898.3 million a year ago, underscoring sustained demand for its consulting services. This topline expansion supported a 6.0% rise in gross profit to $306.8 million, maintaining a stable 31.2% gross margin. The margin resilience stemmed primarily from a 5 percentage point increase in utilization and higher realized bill rates, as our chief operating decision maker leverages gross profit to assess segment performance, allocate billable headcount, and optimize compensation, utilization, and rates.
Operating income advanced 6.6% to $83.9 million, delivering an 8.5% operating margin, as revenue momentum more than offset pressures from higher direct costs and selling, general, and administrative expenses. These cost increases included the absence of non-recurring legal settlement gains from the prior-year quarter, which had bolstered comparable results. Net income, however, declined 6.8% to $57.6 million from $61.8 million, reflecting these expense dynamics. Diluted EPS nonetheless rose 9.2% to $1.90 from $1.74, primarily because lower weighted average shares outstanding—driven by ongoing shareholder returns—offset the net income dip, highlighting effective capital allocation.