JACOBS SOLUTIONS INC., 10-Q filed on 8/5/2025
Quarterly Report
v3.25.2
Cover Page - shares
9 Months Ended
Jun. 27, 2025
Jul. 25, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 27, 2025  
Document Transition Report false  
Entity File Number 1-7463  
Entity Registrant Name JACOBS SOLUTIONS INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 88-1121891  
Entity Address, Address Line One 1999 Bryan Street  
Entity Address, Address Line Two Suite 3500  
Entity Address, City or Town Dallas  
Entity Address, State or Province TX  
Entity Address, Postal Zip Code 75201  
City Area Code 214  
Local Phone Number 583 – 8500  
Title of 12(b) Security Common Stock  
Trading Symbol J  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   119,536,469
Entity Central Index Key 0000052988  
Current Fiscal Year End Date --09-26  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2025
Sep. 27, 2024
Current Assets:    
Cash and cash equivalents $ 1,293,307 $ 1,144,795
Receivables and contract assets 3,047,152 2,845,452
Prepaid expenses and other 130,224 155,865
Investment in equity securities 0 749,468
Total current assets 4,470,683 4,895,580
Property, Equipment and Improvements, net 303,267 315,630
Other Noncurrent Assets:    
Goodwill 4,820,173 4,788,181
Intangibles, net 771,141 874,894
Deferred income tax assets 277,944 195,406
Operating lease right-of-use assets 304,018 303,856
Miscellaneous 465,614 385,458
Total other noncurrent assets 6,638,890 6,547,795
Assets 11,412,840 11,759,005
Current Liabilities:    
Current maturities of long-term debt 0 875,760
Accounts payable 1,125,307 1,029,140
Accrued liabilities 977,694 1,087,764
Operating lease liabilities 110,008 119,988
Contract liabilities 992,283 967,089
Total current liabilities 3,205,292 4,079,741
Long-term debt 2,508,692 1,348,594
Liabilities relating to defined benefit pension and retirement plans 266,664 298,221
Deferred income tax liabilities 150,917 116,655
Long-term operating lease liabilities 385,578 407,826
Other deferred liabilities 156,095 120,483
Total other noncurrent liabilities 3,467,946 2,291,779
Commitments and Contingencies
Redeemable Noncontrolling interests 908,352 820,182
Capital stock:    
Preferred stock, $1 par value, authorized - 1,000,000 shares; issued and outstanding - none 0 0
Common stock, $1 par value, authorized - 240,000,000 shares; issued and outstanding - 119,704,769 shares and 124,253,511 shares as of June 27, 2025 and September 27, 2024, respectively 119,705 124,084
Additional paid-in capital 2,699,770 2,758,064
Retained earnings 1,660,186 2,366,769
Accumulated other comprehensive loss (657,640) (699,450)
Total Jacobs stockholders’ equity 3,822,021 4,549,467
Noncontrolling interests 9,229 17,836
Total Group stockholders’ equity 3,831,250 4,567,303
Total liabilities and equity $ 11,412,840 $ 11,759,005
v3.25.2
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Jun. 27, 2025
Sep. 27, 2024
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 1 $ 1
Preferred stock, authorized (in shares) 1,000,000 1,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 1 $ 1
Common stock, authorized (in shares) 240,000,000 240,000,000
Common stock, issued (in shares) 119,704,769 124,253,511
Common stock, outstanding (in shares) 119,704,769 124,253,511
v3.25.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Income Statement [Abstract]        
Revenues $ 3,031,768 $ 2,883,384 $ 8,875,139 $ 8,540,791
Direct cost of contracts (2,273,358) (2,162,442) (6,657,118) (6,443,156)
Gross profit 758,410 720,942 2,218,021 2,097,635
Selling, general and administrative expenses (523,396) (549,956) (1,565,942) (1,601,404)
Operating Profit 235,014 170,986 652,079 496,231
Other Income (Expense):        
Interest income 8,297 9,718 27,478 25,939
Interest expense (37,051) (45,789) (110,451) (133,372)
Loss on extinguishment of debt 0 0 (20,510) 0
Miscellaneous income (expense), net 38,844 1,550 (194,523) (5,118)
Total other income (expense), net 10,090 (34,521) (298,006) (112,551)
Earnings from Continuing Operations Before Taxes 245,104 136,465 354,073 383,680
Income Tax Expense from Continuing Operations (53,752) (45,272) (161,477) (57,026)
Net Earnings of the Group from Continuing Operations 191,352 91,193 192,596 326,654
Net (Loss) Earnings of the Group from Discontinued Operations, net of tax (1,629) 67,703 (8,180) 187,232
Net Earnings of the Group 189,723 158,896 184,416 513,886
Net (Earnings) Loss Attributable to Noncontrolling Interests from Continuing Operations (4,442) (4,858) 1,209 (13,037)
Net Earnings Attributable to Redeemable Noncontrolling Interests (5,676) (3,411) (18,539) (10,112)
Net Earnings Attributable to Jacobs from Continuing Operations 181,234 82,924 175,266 303,505
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations 0 (3,693) 0 (10,080)
Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations (1,629) 64,010 (8,180) 177,152
Net Earnings Attributable to Jacobs $ 179,605 $ 146,934 $ 167,086 $ 480,657
Net Earnings Per Share:        
Basic Net Earnings from Continuing Operations Per Share (in dollars per share) $ 1.56 $ 0.66 $ 1.54 $ 2.43
Basic Net (Loss) Earnings from Discontinued Operations Per Share (in dollars per share) (0.01) 0.51 (0.07) 1.41
Basic Earnings Per Share (in dollars per share) 1.55 1.17 1.47 3.84
Diluted Net Earnings from Continuing Operations Per Share (in dollars per share) 1.56 0.66 1.53 2.42
Diluted Net (Loss) Earnings from Discontinued Operations Per Share (in dollars per share) (0.01) 0.51 (0.07) 1.40
Diluted Earnings Per Share (in dollars per share) $ 1.55 $ 1.17 $ 1.46 $ 3.82
v3.25.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Statement of Comprehensive Income [Abstract]        
Net Earnings of the Group $ 189,723 $ 158,896 $ 184,416 $ 513,886
Other Comprehensive Income:        
Foreign currency translation adjustments 136,829 1,418 40,721 74,595
Change in cash flow hedges (3,357) (3,659) (3,765) (29,398)
Change in pension plan liabilities (15,721) 2,245 1,783 (4,214)
Other comprehensive income before taxes 117,751 4 38,739 40,983
Income Tax Benefit (Expense):        
Foreign currency translation adjustments 4,558 4,390 4,558 4,390
Cash flow hedges 856 904 1,107 7,573
Change in pension plan liabilities (762) (470) (2,594) (1,407)
Income Tax Benefit: 4,652 4,824 3,071 10,556
Net other comprehensive Income 122,403 4,828 41,810 51,539
Net Comprehensive Income of the Group 312,126 163,724 226,226 565,425
Net (Earnings) Loss Attributable to Noncontrolling Interests (4,442) (8,551) 1,209 (23,117)
Net Earnings Attributable to Redeemable Noncontrolling Interests (5,676) (3,411) (18,539) (10,112)
Net Comprehensive Income Attributable to Jacobs $ 302,008 $ 151,762 $ 208,896 $ 532,196
v3.25.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Total Jacobs Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Sep. 29, 2023 $ 6,600,082 $ 6,546,220 $ 125,977 $ 2,735,325 $ 4,542,872 $ (857,954) $ 53,862
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 503,774 480,657     480,657   23,117
Foreign currency translation adjustments, net of deferred taxes of $(4,558) 78,985 78,985       78,985  
Pension plan liability, net of deferred taxes (5,621) (5,621)       (5,621)  
Change in cash flow hedges, net of deferred taxes (21,825) (21,825)       (21,825)  
Dividends (73,638) (73,638)     (73,638)    
Redeemable Noncontrolling interests redemption value adjustment (99,358) (99,358)     (99,358)    
Repurchase and issuance of redeemable noncontrolling interests 1,560 1,560     1,560    
Noncontrolling interests - distributions and other (17,342)           (17,342)
Stock based compensation 54,170 54,170   54,170      
Issuances of equity securities including shares withheld for taxes 2,025 2,025 779 6,742 (5,496)    
Repurchases of equity securities (346,382) (346,382) (2,502) (54,487) (289,393)    
Ending balance at Jun. 28, 2024 6,676,430 6,616,793 124,254 2,741,750 4,557,204 (806,415) 59,637
Beginning balance at Mar. 29, 2024 6,678,462 6,624,114 125,216 2,733,758 4,576,383 (811,243) 54,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 155,485 146,934     146,934   8,551
Foreign currency translation adjustments, net of deferred taxes of $(4,558) 5,808 5,808       5,808  
Pension plan liability, net of deferred taxes 1,775 1,775       1,775  
Change in cash flow hedges, net of deferred taxes (2,755) (2,755)       (2,755)  
Dividends (36,561) (36,561)     (36,561)    
Redeemable Noncontrolling interests redemption value adjustment (2,796) (2,796)     (2,796)    
Repurchase and issuance of redeemable noncontrolling interests (338) (338)     (338)    
Noncontrolling interests - distributions and other (3,262)           (3,262)
Stock based compensation 18,994 18,994   18,994      
Issuances of equity securities including shares withheld for taxes 12,537 12,537 111 12,463 (37)    
Repurchases of equity securities (150,919) (150,919) (1,073) (23,465) (126,381)    
Ending balance at Jun. 28, 2024 6,676,430 6,616,793 124,254 2,741,750 4,557,204 (806,415) 59,637
Beginning balance at Sep. 27, 2024 4,567,303 4,549,467 124,084 2,758,064 2,366,769 (699,450) 17,836
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 165,877 167,086     167,086   (1,209)
Foreign currency translation adjustments, net of deferred taxes of $(4,558) 45,279 45,279       45,279  
Pension plan liability, net of deferred taxes (811) (811)       (811)  
Change in cash flow hedges, net of deferred taxes (2,658) (2,658)       (2,658)  
Dividends (79,625) (79,625)     (79,625)    
Dividend in kind (159,266) (159,266)     (159,266)    
Redeemable Noncontrolling interests redemption value adjustment (68,031) (68,031)     (68,031)    
Repurchase and issuance of redeemable noncontrolling interests 2,531 2,531     2,531    
Noncontrolling interests - distributions and other (7,398)           (7,398)
Distribution adjustments relating to SpinCo Business (24,600) (24,600)     (24,600)    
Stock based compensation 47,421 47,421   47,421      
Issuances of equity securities including shares withheld for taxes (1,525) (1,525) 612 5,455 (7,592)    
Repurchases of equity securities (653,247) (653,247) (4,991) (111,170) (537,086)    
Ending balance at Jun. 27, 2025 3,831,250 3,822,021 119,705 2,699,770 1,660,186 (657,640) 9,229
Beginning balance at Mar. 28, 2025 3,873,160 3,864,444 120,379 2,699,690 1,824,418 (780,043) 8,716
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 184,047 179,605     179,605   4,442
Foreign currency translation adjustments, net of deferred taxes of $(4,558) 141,387 141,387       141,387  
Pension plan liability, net of deferred taxes (16,483) (16,483)       (16,483)  
Change in cash flow hedges, net of deferred taxes (2,501) (2,501)       (2,501)  
Dividends (39,731) (39,731)     (39,731)    
Dividend in kind (159,266) (159,266)     (159,266)    
Redeemable Noncontrolling interests redemption value adjustment (59,540) (59,540)     (59,540)    
Repurchase and issuance of redeemable noncontrolling interests 1,450 1,450     1,450    
Noncontrolling interests - distributions and other (3,929)           (3,929)
Distribution adjustments relating to SpinCo Business (1,955) (1,955)     (1,955)    
Stock based compensation 13,079 13,079   13,079      
Issuances of equity securities including shares withheld for taxes 2,377 2,377 136 5,186 (2,945)    
Repurchases of equity securities (100,845) (100,845) (810) (18,185) (81,850)    
Ending balance at Jun. 27, 2025 $ 3,831,250 $ 3,822,021 $ 119,705 $ 2,699,770 $ 1,660,186 $ (657,640) $ 9,229
v3.25.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Parenthetical) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Statement of Stockholders' Equity [Abstract]        
Foreign currency translation adjustments, deferred taxes $ (4,558) $ (4,390) $ (4,558) $ (4,390)
Pension and retiree medical plan liability, deferred taxes 762 470 2,594 1,407
Derivative gains (losses), deferred tax expense (benefit) $ (856) $ (904) $ (1,107) $ (7,573)
v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Cash Flows from Operating Activities:    
Net earnings of the Group $ 184,416 $ 513,886
Depreciation and amortization:    
Property, equipment and improvements 62,038 74,171
Intangible assets 115,946 156,292
Loss on extinguishment of debt 20,510 0
Loss on investment in equity securities 227,305 0
Stock based compensation 47,421 54,170
Equity in earnings of operating ventures, net of return on capital distributions (503) (13,554)
(Gain) loss on disposals of assets, net (777) 1,033
Deferred income taxes (53,794) (116,103)
Changes in assets and liabilities:    
Receivables and contract assets, net of contract liabilities (225,280) 23,440
Prepaid expenses and other current assets 16,168 54,512
Miscellaneous other assets 49,570 68,666
Accounts payable 96,323 117,220
Accrued liabilities (228,933) (107,709)
Other deferred liabilities 10,192 22,243
Other, net (16,983) 9,874
Net cash provided by operating activities 303,619 858,141
Cash Flows from Investing Activities:    
Additions to property and equipment (49,655) (82,772)
Disposals of property and equipment and other assets 2,332 158
Capital contributions to equity investees, net of return of capital distributions 932 1,660
Acquisitions of businesses, net of cash acquired 0 (14,000)
Net cash used for investing activities (46,391) (94,954)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 2,173,201 2,224,577
Repayments of long-term borrowings (926,800) (2,194,423)
Proceeds from short-term borrowings 0 1,106
Repayments of short-term borrowings (656,981) (31,882)
Debt issuance costs (92) (1,606)
Proceeds from issuances of common stock 25,467 35,414
Common stock repurchases (653,247) (346,382)
Taxes paid on vested restricted stock (26,992) (33,389)
Cash dividends to shareholders (114,813) (106,439)
Net dividends associated with noncontrolling interests (7,440) (17,516)
Repurchase of redeemable noncontrolling interests (8,472) (41,788)
Proceeds from issuances of redeemable noncontrolling interests 0 19,761
Cash Impact from Distribution of SpinCo Business 70,000 0
Net cash used for financing activities (126,169) (492,567)
Effect of Exchange Rate Changes 17,990 12,215
Net Increase in Cash and Cash Equivalents and Restricted Cash 149,049 282,835
Cash and Cash Equivalents, including Restricted Cash, at the Beginning of the Period 1,146,931 929,445
Cash and Cash Equivalents, including Restricted Cash, at the End of the Period 1,295,980 1,212,280
Less Cash and Cash Equivalents included in Assets held for spin 0 (195,915)
Cash and Cash Equivalents, including Restricted Cash of Continuing Operations at the End of the Period $ 1,295,980 $ 1,016,365
v3.25.2
Basis of Presentation
9 Months Ended
Jun. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
Unless the context otherwise requires:
References herein to “Jacobs” are to Jacobs Solutions Inc. and its predecessors;
References herein to the “Company”, “we”, “us” or “our” are to Jacobs Solutions Inc. and its consolidated subsidiaries; and
References herein to the “Group” are to the combined economic interests and activities of the Company and the persons and entities holding noncontrolling interests in our consolidated subsidiaries.

On August 29, 2022, Jacobs Engineering Group Inc. ("JEGI"), the predecessor to Jacobs Solutions Inc., implemented a holding company structure, which resulted in Jacobs Solutions Inc. becoming the parent company of, and successor issuer to, JEGI (the "Holding Company Reorganization"). For purposes of this report, references to Jacobs and the "Company", "we", "us" or "our" or our management or business at any point prior to August 29, 2022 refer to JEGI, or JEGI and its consolidated subsidiaries as the predecessor to Jacobs Solutions Inc.
The accompanying consolidated financial statements and financial information included herein have been prepared pursuant to the interim period reporting requirements of Form 10-Q. Consequently, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted. Readers of this Quarterly Report on Form 10-Q should also read our consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024 (“2024 Form 10-K”).
In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of our consolidated financial statements as of June 27, 2025, and for the three and nine months ended June 27, 2025.
Our interim results of operations are not necessarily indicative of the results to be expected for the full fiscal year.
On September 27, 2024, Jacobs Solutions Inc. ("Jacobs") completed the previously announced Reverse Morris Trust transaction pursuant to which (i) Jacobs first transferred its Critical Mission Solutions business (“CMS”) and portions of its Divergent Solutions (“DVS”) business (referred to herein as the Cyber & Intelligence business (“C&I”) and together with CMS referred to as the “SpinCo Business”), to Amazon Holdco Inc., a Delaware corporation, that was subsequently renamed Amentum Holdings, Inc. (“SpinCo”) (the “Separation”), (ii) Jacobs then effectuated a spin-off of SpinCo by distributing 124,084,108 shares of SpinCo common stock, par value $0.01 per share (the “SpinCo Common Stock”) by way of a pro rata distribution to its shareholders such that each holder of shares of Jacobs common stock, par value $1.00 per share, (the “Jacobs Common Stock”) was entitled to receive one share of SpinCo Common Stock for each share of Jacobs Common Stock held as of the record date, September 23, 2024 (the “Distribution”), and (iii) finally, Amentum Parent Holdings LLC merged with and into SpinCo, with SpinCo surviving the merger (the “Merger” and together with the Separation and the Distribution, the “Separation Transaction”).
As a result of the Separation, substantially all SpinCo Business-related assets and liabilities have been separated and distributed (the "Disposal Group"). The Company determined that the Disposal Group should be reported as discontinued operations in accordance with ASC 205-20, Discontinued Operations because their disposal represents a strategic shift that had a major effect on the Company's operations and financial results. As such, the financial results of the SpinCo Business are reflected in the Company's Consolidated Statements of Earnings as well as relevant disclosures as discontinued operations for all periods presented. See Note 15- Discontinued Operations for more information.
v3.25.2
Use of Estimates and Assumptions
9 Months Ended
Jun. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of Estimates and Assumptions Use of Estimates and Assumptions
The preparation of financial statements in conformity with U.S. GAAP requires us to employ estimates and make assumptions that affect the reported amounts of certain assets and liabilities; the revenues and expenses reported for the periods covered by the financial statements; and certain amounts disclosed in these Notes to the Consolidated Financial Statements. Although such estimates and assumptions are based on management’s most recent assessment of the underlying facts and circumstances utilizing the most current information available and past experience, actual results
could differ significantly from those estimates and assumptions. Our estimates, judgments and assumptions are evaluated periodically and adjusted accordingly.
Please refer to Note 2- Significant Accounting Policies of Notes to Consolidated Financial Statements included in our 2024 Form 10-K for a discussion of other significant estimates and assumptions affecting our consolidated financial statements.
v3.25.2
Fair Value and Fair Value Measurements
9 Months Ended
Jun. 27, 2025
Fair Value Disclosures [Abstract]  
Fair Value and Fair Value Measurements Fair Value and Fair Value Measurements
Certain amounts included in the accompanying consolidated financial statements are presented at fair value. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants as of the date fair value is determined (the “measurement date”). When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider only those assumptions we believe a typical market participant would consider when pricing an asset or liability. In measuring fair value, we use the following inputs in the order of priority indicated:
Level 1 - Quoted prices in active markets for identical assets or liabilities.
Level 2 - Observable inputs other than quoted prices in active markets included in Level 1, such as (i) quoted prices for similar assets or liabilities; (ii) quoted prices in markets that have insufficient volume or infrequent transactions (e.g., less active markets); and (iii) model-driven valuations in which all significant inputs are observable or can be derived principally from, or corroborated with, observable market data for substantially the full term of the asset or liability.
Level 3 - Unobservable inputs to the valuation methodology that are significant to the fair value measurement.
Please refer to Note 2- Significant Accounting Policies of Notes to Consolidated Financial Statements included in our 2024 Form 10-K for a more complete discussion of the various items within the consolidated financial statements measured at fair value and the methods used to determine fair value. Please also refer to Note 18- Commitments and Contingencies and Derivative Financial Instruments for discussion regarding the Company's derivative instruments and Note 15- Discontinued Operations for discussion regarding the Company's investment in Amentum common shares.
The net carrying amounts of cash and cash equivalents, trade receivables and payables and short-term debt approximate fair value due to the short-term nature of these instruments. See Note 12- Borrowings for a discussion of the fair value of long-term debt.
v3.25.2
New Accounting Pronouncements
9 Months Ended
Jun. 27, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Pronouncements New Accounting Pronouncements
ASU 2025-03, Business Combinations, (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity, clarifies the guidance in determining the accounting acquirer in a business combination effected primarily by exchanging equity interests when the acquiree is a variable interest entity that meets the definition of a business. The standard is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted, and the standard is to be applied prospectively to acquisitions after the adoption date. ASU 2025-03 will be effective for the Company in the first quarter of fiscal 2027. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2024-03, Income Statement, (Subtopic 220-40): Reporting Comprehensive Income - Disaggregation of Income Statement Expenses, requires disclosure, in the notes to financial statements, of specified information about certain costs and expenses. The amendments in this update also provide guidance on the disaggregation disclosure requirements for certain expense captions presented on the face of an entity’s income statement and provide guidance on the disclosure of selling expenses. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2024-03 will be effective for the Company in the fourth quarter of fiscal 2027. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-09, Income Taxes, (Topic 740): Improvements to Income Tax Disclosures, provides qualitative and quantitative updates to the Company's effective income tax rate reconciliation and income taxes paid disclosures, among others, in order to enhance the transparency of income tax disclosures, including consistent categories and greater disaggregation of information in the rate reconciliation and disaggregation by jurisdiction of income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2023-09 will be effective for the Company in the first quarter of fiscal 2026. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-07, Segment Reporting, (Topic 280): Improvements to Reportable Segment Disclosures, requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the amendments in this update are required to be applied on a retrospective basis. ASU 2023-07 will be effective for the Company's annual fiscal 2025 period. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-06, Disclosure Improvements: Amendments - Codification Amendments in Response to the Disclosure Update and Simplification Initiative of the Securities and Exchange Commission ("SEC"). The Financial Accounting Standards Board issued the standard to introduce changes to US GAAP that originate in either SEC Regulation S-X or S-K, which are rules about the form and content of financial reports filed with the SEC. The provisions of the standard are contingent upon instances where the SEC removes the related disclosure provisions from Regulation S-X and S-K. ASU 2023-06 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2023-06 will be effective for the Company in the fourth quarter of fiscal 2026. The Company does not expect that the application of this standard will have a material impact on our consolidated financial statements and related disclosures.
v3.25.2
Revenue Accounting for Contracts
9 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Accounting for Contracts Revenue Accounting for Contracts
Disaggregation of Revenues
Our revenues are principally derived from contracts to provide a diverse range of technical, professional, and construction services to a large number of industrial, commercial, and governmental clients. We provide a broad range of engineering, design, and architectural services; construction and construction management services; operations and maintenance services; and technical, digital, process, scientific and systems consulting services. We provide our services through offices and subsidiaries located primarily in North America, Europe, the Middle East, India, Australia, Africa, and Asia. We provide our services under cost-reimbursable and fixed-price contracts. Our contracts are with many different customers in numerous industries. Refer to Note 19- Segment Information for additional information on how we disaggregate our revenues by reportable segment.
The following table further disaggregates our revenue by geographic area for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues:
     United States$1,862,762 $1,809,939 $5,471,774 $5,316,903 
     Europe726,478 671,375 2,136,581 2,026,806 
     Canada66,341 66,849 180,491 191,392 
     Asia36,827 31,619 105,599 96,379 
     India50,691 37,946 132,138 110,963 
     Australia and New Zealand139,696 135,228 410,239 407,215 
     Middle East and Africa148,973 130,428 438,317 391,133 
Total$3,031,768 $2,883,384 $8,875,139 $8,540,791 
Contract Liabilities
Contract liabilities represent amounts billed to clients in excess of revenue recognized to date. Revenue recognized for the three and nine months ended June 27, 2025 that was previously included in the contract liability balance on September 27, 2024 was $97.0 million and $680.0 million, respectively. Revenue recognized for the three and nine months ended June 28, 2024 that was included in the contract liability balance on September 29, 2023 was $49.6 million and $487.0 million, respectively.
Remaining Performance Obligations
The Company’s remaining performance obligations as of June 27, 2025 represent a measure of the total dollar value of work to be performed on contracts awarded and in progress. The Company had approximately $15.2 billion in remaining performance obligations as of June 27, 2025. The Company expects to recognize approximately 51% of its remaining performance obligations into revenue within the next twelve months and the remaining 49% thereafter. The majority of the remaining performance obligations after the first twelve months are expected to be recognized over a four-year period.
Although our remaining performance obligations reflect business volumes that are considered to be firm, normal business activities including scope adjustments, deferrals or cancellations may occur that impact volume or expected timing of their recognition. Remaining performance obligations are adjusted to reflect any known project cancellations, revisions to project scope and cost, foreign currency exchange fluctuations and project deferrals, as appropriate.
v3.25.2
Earnings Per Share and Certain Related Information
9 Months Ended
Jun. 27, 2025
Earnings Per Share Reconciliation [Abstract]  
Earnings Per Share and Certain Related Information Earnings Per Share and Certain Related Information
Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which is an earnings allocation method that determines EPS for common shares and participating securities. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Participating securities and common shares have equal rights to undistributed earnings. Net earnings used for the purpose of determining basic and diluted EPS is determined by taking net earnings, less earnings available to participating securities and the preferred redeemable noncontrolling interests redemption value adjustment associated with the PA Consulting transaction.
The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator for Basic and Diluted EPS:
Net earnings attributable to Jacobs from continuing operations$181,234 $82,924 $175,266 $303,505 
Redeemable Noncontrolling interests redemption value adjustment (See Note 16- PA Consulting Redeemable Noncontrolling Interests)
6,605 (20)12,417 1,746 
Net earnings from continuing operations allocated to common stock for EPS calculation$187,839 $82,904 $187,683 $305,251 
Net (loss) earnings from discontinued operations allocated to common stock for EPS calculation$(1,629)$64,010 $(8,180)$177,152 
Net earnings allocated to common stock for EPS calculation$186,210 $146,914 $179,503 $482,403 
Denominator for Basic and Diluted EPS:
Shares used for calculating basic EPS attributable to common stock120,084 125,163 122,132 125,660 
Effect of dilutive securities:
Stock compensation plans 407 453 450 553 
Shares used for calculating diluted EPS attributable to common stock120,491 125,616 122,582 126,213 
Net Earnings Per Share:
Basic Net Earnings from Continuing Operations Per Share$1.56 $0.66 $1.54 $2.43 
Basic Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.51 $(0.07)$1.41 
Basic Earnings Per Share$1.55 $1.17 $1.47 $3.84 
Diluted Net Earnings from Continuing Operations Per Share$1.56 $0.66 $1.53 $2.42 
Diluted Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.51 $(0.07)$1.40 
Diluted Earnings Per Share$1.55 $1.17 $1.46 $3.82 
Note: Per share amounts may not add due to rounding.
Share Repurchases
On January 16, 2020, the Company's Board of Directors authorized a share repurchase program of up to $1.0 billion of the Company's common stock (the "2020 Repurchase Authorization"). The 2020 Repurchase Authorization expired on January 15, 2023. On January 25, 2023, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.0 billion of the Company's common stock, to expire on January 25, 2026 (the "2023 Repurchase Authorization"). During the second fiscal quarter of 2025, the Company repurchased the remaining amount of common stock authorized under the 2023 Repurchase Authorization.
On January 30, 2025, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock, to expire on January 30, 2028 (the "2025 Repurchase Authorization"). At June 27, 2025, the Company had $1.3 billion remaining under the 2025 Repurchase Authorization.
The following table summarizes repurchase activity for fiscal 2025 under the 2023 Repurchase Authorization through the third fiscal quarter of 2025:
Amount Authorized
(2023 Repurchase Authorization)
Average Price Per Share (1)Total Shares Repurchased and Retired
$1,000,000,000$133.513,570,275
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
The following table summarizes repurchase activity for fiscal 2025 under the 2025 Repurchase Authorization through the third fiscal quarter of 2025:
Amount Authorized
(2025 Repurchase Authorization)
Average Price Per Share (1)Total Shares Repurchased and Retired
$1,500,000,000$124.291,420,821
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.

Our share repurchase program does not obligate the Company to purchase any shares. Share repurchases may be executed through various means including, without limitation, accelerated share repurchases, open market transactions, privately negotiated transactions, purchases pursuant to Rule 10b5-1 plans or otherwise. The authorization for the share repurchase programs may be terminated, increased or decreased by the Company’s Board of Directors in its discretion at any time. The timing, amount and manner of share repurchases may depend upon market conditions and economic circumstances, availability of investment opportunities, the availability and costs of financing, currency fluctuations, the market price of the Company's common stock, other uses of capital and other factors.
Cash Dividends
On July 31, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.32 per share of the Company’s common stock to be paid on September 19, 2025, to shareholders of record on the close of business on August 22, 2025. Future dividend declarations are subject to review and approval by the Company’s Board of Directors. Dividends paid through the third fiscal quarter of 2025 and the preceding fiscal year are as follows:
Declaration DateRecord DatePayment DateCash Amount (per share)
April 30, 2025May 23, 2025June 20, 2025$0.32
January 30, 2025February 21, 2025March 21, 2025$0.32
September 26, 2024October 25, 2024November 22, 2024$0.29
July 11, 2024July 26, 2024August 23, 2024$0.29
May 2, 2024May 24, 2024June 21, 2024$0.29
January 25, 2024February 23, 2024March 22, 2024$0.29
September 28, 2023October 27, 2023November 9, 2023$0.26
v3.25.2
Goodwill and Intangibles
9 Months Ended
Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangibles Goodwill and Intangibles
The carrying value of goodwill appearing in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024 was as follows (in thousands):
Infrastructure & Advanced FacilitiesPA ConsultingTotal
Balance September 27, 2024$3,362,760 $1,425,421 $4,788,181 
Foreign currency translation adjustments and other (4,701)36,693 31,992 
Balance June 27, 2025$3,358,059 $1,462,114 $4,820,173 
The following table provides certain information related to the Company’s acquired intangibles in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024 (in thousands):
Customer Relationships, Contracts and BacklogDeveloped TechnologyTrade NamesTotal
Balance September 27, 2024$651,894 $31,515 $191,485 $874,894 
Amortization(96,007)(8,986)(10,953)(115,946)
Foreign currency translation adjustments and other8,106 4,080 12,193 
Balance June 27, 2025$563,993 $22,536 $184,612 $771,141 
The following table presents estimated amortization expense of intangible assets for the remainder of fiscal 2025 and for the succeeding years.
Fiscal Year(in millions)
2025$40.0 
2026141.0 
2027111.0 
2028100.6 
2029100.6 
Thereafter277.9 
Total$771.1 
v3.25.2
Receivables and Contract Assets
9 Months Ended
Jun. 27, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Receivables and Contract Assets Receivables and Contract Assets
The following table presents the components of receivables and contract assets appearing in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024, as well as certain other related information (in thousands):
June 27, 2025September 27, 2024
Components of receivables and contract assets:
Amounts billed, net$1,475,699 $1,278,980 
Unbilled receivables and other1,126,147 1,132,980 
Contract assets445,306 433,492 
Total receivables and contract assets, net$3,047,152 $2,845,452 
Amounts billed, net consist of amounts invoiced to clients in accordance with the terms of our client contracts and are shown net of an allowance for expected credit losses. We anticipate that substantially all of such billed amounts will be collected over the next twelve months.
Unbilled receivables and other, which represent an unconditional right to payment subject only to the passage of time, are reclassified to amounts billed when they are billed under the terms of the contract. We anticipate that substantially all of such unbilled amounts will be billed and collected over the next twelve months.
Contract assets represent unbilled amounts where the right to payment is subject to more than merely the passage of time and includes performance-based incentives and services that have been provided in advance of agreed contractual milestones. Contract assets are transferred to unbilled receivables when the right to consideration becomes unconditional and are transferred to amounts billed upon invoicing.
v3.25.2
Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Jun. 27, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following table presents the Company's roll forward of accumulated other comprehensive loss after-tax as of June 27, 2025 (in thousands):
Change in Net Pension Obligation
Foreign Currency Translation Adjustments (1)
Gain/(Loss) on Cash Flow Hedges (2)
Total
Balance at September 27, 2024
$(370,937)$(369,516)$41,003 $(699,450)
Other comprehensive (loss) income (811)45,279 3,274 47,742 
Reclassifications from accumulated other comprehensive loss— — (5,932)(5,932)
Balance at June 27, 2025
$(371,748)$(324,237)$38,345 $(657,640)
(1) Included in foreign currency translation adjustments were $(1.0) million and $(9.8) million in unrealized losses on long-term foreign currency denominated intercompany loans not anticipated to be settled in the foreseeable future for the nine months ended June 27, 2025 and June 28, 2024.
(2) Included in the Company’s cumulative net unrealized gains from interest rate and cross currency swaps recorded in accumulated other comprehensive loss as of June 27, 2025 were approximately $6.3 million in unrealized gains, net of taxes, which are expected to be realized in earnings during the twelve months subsequent to June 27, 2025.
v3.25.2
Income Taxes
9 Months Ended
Jun. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s effective tax rates from continuing operations for the three months ended June 27, 2025 and June 28, 2024 were 21.9% and 33.2%, respectively. Significant items contributing to differences between the statutory U.S. federal corporate tax rate of 21.0% and the Company's effective tax rate for the three-month period ended June 27, 2025 were U.S. state income tax expense and U.S. tax on foreign earnings. These expense items were offset by a return-to-provision income tax benefit, mainly attributable to additional research and development credits claimed on the U.S. federal tax return. The U.S state income tax and U.S. tax on foreign earnings are expected to have a continuing impact on the Company's effective tax rate for the remainder of the fiscal year.

The most significant items contributing to the difference between the statutory U.S. federal corporate tax rate of 21.0% and the Company's effective tax rate of 33.2% for the three-month period ended June 28, 2024 were related to U.S. state income tax expense, U.S. tax on foreign earnings and income tax expense related to foreign exchange gains associated with change in assertion on intercompany loans that were previously indefinitely reinvested. These expense items were partly offset by a return-to-provision income tax benefit, mainly attributable to additional research and development credits claimed on the U.S. federal tax return.
The Company’s effective tax rates from continuing operations for the nine months ended June 27, 2025 and June 28, 2024 were 45.6% and 14.9%, respectively. The most significant items contributing to the difference between the statutory U.S. federal corporate tax rate of 21.0% and the Company's effective tax rate for the nine-month period ended June 27, 2025 were related to $63.1 million in unfavorable tax impacts associated with the non-deductibility of losses from the Company's investment in Amentum stock, as well as U.S. state income tax expense and U.S. tax on foreign earnings. These expense items were partly offset by a return-to-provision income tax benefit mainly attributable to additional research and development credits claimed on the U.S. federal tax return. The U.S state income tax and U.S. tax on foreign earnings are expected to have a continuing impact on the Company's effective tax rate for the remainder of the fiscal year.
The most significant item contributing to the difference between the statutory U.S. federal corporate tax rate of 21.0% and the Company's effective tax rate of 14.9% for the nine-month period ended June 28, 2024 were related to the election to treat an Australian subsidiary as a corporation versus a partnership for U.S. tax purposes, which resulted in the derecognition of a deferred tax liability and yielded a discrete income tax benefit of $61.6 million as the Company asserted that a component of the investment will be indefinitely reinvested. This benefit was partly offset by U.S. state income tax expense, U.S. tax on foreign earnings and income tax related to foreign exchange gains associated with change in assertion on intercompany loans that were previously indefinitely reinvested.
On July 4, 2025, H.R. 1, also referred to as the “One Big Beautiful Bill Act” (“OBBBA”), was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act (“TCJA”), modifications to the international tax framework and pre-TCJA treatment for certain business provisions. ASC 740, Income Taxes, requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. The OBBBA has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing its impact on the consolidated financial statements which will be recorded during the fourth quarter of fiscal 2025.
In December 2021, the Organization for Economic Cooperation and Development ("OECD") released the Pillar Two Model Rules (also referred to as the global minimum tax or Global Anti-Base Erosion "GloBE" rules), which were designed to ensure large multinational enterprises pay a minimum 15 percent level of tax on the income arising in each jurisdiction in which they operate. Several jurisdictions in which we operate have enacted these rules, which were effective for the first quarter of the fiscal year ending September 26, 2025. The Company is continually monitoring developments and evaluating the potential impacts. At this time, implementation of these rules has not generated a material impact on consolidated income taxes.
The amount of income taxes the Company pays is subject to ongoing audits by tax jurisdictions around the world. In the normal course of business, the Company is subject to examination by tax authorities throughout the world, including such major jurisdictions as Australia, Canada, India, the United Kingdom and the United States. Our estimate of the potential outcome of any uncertain tax issue is subject to our assessment of the relevant risks, facts, and circumstances existing at the time. The Company believes that it has adequately provided for reasonably foreseeable outcomes related to these matters. However, future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period the assessments are made or resolved, which may impact our effective tax rate.
v3.25.2
Joint Ventures, VIEs and Other Investments
9 Months Ended
Jun. 27, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Joint Ventures, VIEs and Other Investments Joint Ventures, VIEs and Other Investments
For the Company's consolidated variable interest entities ("VIE") joint ventures, the carrying value of assets and liabilities was $157.2 million and $132.9 million, respectively, as of June 27, 2025 and $161.9 million and $122.7 million, respectively, as of September 27, 2024. There are no consolidated VIEs that have debt or credit facilities.
For the Company's proportionate consolidated VIEs, the carrying value of assets and liabilities was $141.0 million and $129.0 million, respectively, as of June 27, 2025, and $138.8 million and $138.0 million, respectively, as of September 27, 2024.
The carrying values of our investments in equity method joint ventures in the Consolidated Balance Sheets (reported in Other Noncurrent Assets: Miscellaneous) as of June 27, 2025 and September 27, 2024 were $36.4 million and $36.6 million, respectively. Additionally, income from equity method joint ventures (reported in Revenue) was $2.6 million and $2.1 million, respectively, during the three months ended June 27, 2025 and June 28, 2024, with $6.1 million and $8.6 million, respectively, for the corresponding nine-month periods. As of June 27, 2025, the Company's equity method investment carrying values do not include material amounts exceeding their share of the respective joint ventures' reported net assets.
Accounts receivable from unconsolidated joint ventures accounted for under the equity method was $14.7 million and $12.3 million as of June 27, 2025 and September 27, 2024, respectively.
v3.25.2
Borrowings
9 Months Ended
Jun. 27, 2025
Debt Disclosure [Abstract]  
Borrowings Borrowings
At June 27, 2025 and September 27, 2024, long-term debt consisted of the following (principal amounts in thousands):
Interest RateMaturityJune 27, 2025September 27, 2024
Revolving Credit FacilityBenchmark + applicable margin (1)February 2028$655,000 $140,000 
2021 Term Loan Facility - USD Portion
Benchmark + applicable margin (2)
February 2026— 120,000 
2021 Term Loan Facility - GBP Portion
Benchmark + applicable margin (2)
September 2025— 870,415 
2025 Term Loan Facility - USD Portion
Benchmark + applicable margin (3)
March 2027200,000 — 
2025 Term Loan Facility - GBP Portion
Benchmark + applicable margin (3)
March 2027562,971 — 
Fixed-rate:
5.9% Bonds, due 2033
5.9% (4)
March 2033500,000 500,000 
6.35% Bonds, due 2028
6.35%
August 2028600,000 600,000 
Less: Current Portion (5)— (870,415)
Less: Deferred Financing Fees(9,279)(11,406)
Total Long-term debt, net$2,508,692 $1,348,594 
(1)The U.S. dollar denominated borrowings under the Revolving Credit Facility bear interest at either a SOFR rate plus a margin of between 0.975% and 1.725% or a base rate plus a margin of between 0% and 0.625% depending on the Company’s Consolidated Leverage Ratio or Debt Rating (each as defined in the Revolving Credit Facility (defined below)). The interest rate under the Revolving Credit Agreement also incorporates a modest sustainability-linked pricing adjustment, which resulted in a favorable interest rate adjustment to the Company in February 2025. The applicable SOFR rates, including applicable margins, at June 27, 2025 and September 27, 2024 were approximately 5.49% and 6.64%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.908% and 1.658%. There were no amounts drawn in British pounds as of June 27, 2025.
(2)The U.S. dollar denominated borrowings under the 2021 Term Loan Facility bear interest at either a SOFR rate plus a margin of between 0.975% and 1.725% or a base rate plus a margin of between 0% and 0.625% depending on the Company’s Consolidated Leverage Ratio or Debt Rating (each as defined in the Amended and Restated Term Loan Agreement (defined below)). The applicable SOFR rate, including applicable margins, for borrowings denominated in U.S. dollars at September 27, 2024 was approximately 6.52%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.908% and 1.658%, which was approximately 6.23% at September 27, 2024.
(3)Borrowings under the 2025 Term Loan Facility will bear interest at either a SONIA rate or term SOFR rate plus a margin of between 0.975% and 1.60% or a base rate plus a margin of between 0% and 0.50% depending on the Company’s Consolidated Leverage Ratio. The applicable SOFR and SONIA rates, including applicable margins, at June 27, 2025 were approximately 5.43% for borrowings denominated in U.S. dollars and 5.22% for borrowings denominated in British pounds.
(4)The interest rate payable on the 5.90% Bonds (as defined below) may be increased by an additional 12.5 basis points on each of September 1, 2028 and September 1, 2030, based on whether or not the Company achieves the key performance indicators set forth in the First Supplemental Indenture (as defined below). Each key performance indicator is independent of the other. Therefore, we may achieve one, both, or neither.
(5)Balance as of September 27, 2024 is associated with the September 1, 2025 scheduled maturity of the 2021 Term Loan Facility, which was reclassified from long-term debt in September 2024 and subsequently extinguished before March 28, 2025.
We believe the carrying values of the Revolving Credit Facility and the 2025 Term Loan Facility approximates fair value based on the interest rates and scheduled maturities applicable to the outstanding borrowings. At June 27, 2025, the fair value of the 5.90% Bonds and the 6.35% bonds is estimated to be $516.3 million and $627.3 million, respectively, based on Level 2 inputs. The fair value is determined by discounting future cash flows using interest rates available for issuances with similar terms and average maturities.
Revolving Credit Facility and Term Loans
The Company and certain of its subsidiaries maintain an unsecured revolving credit facility (the “Revolving Credit Facility”) established under a third amended and restated credit agreement, dated February 6, 2023 (the "Revolving Credit Agreement"), among Jacobs and certain of its subsidiaries as borrowers and a syndicate of U.S. and international banks and financial institutions. Amounts up to $2.25 billion in credit extensions under the Revolving Credit Facility can be funded in U.S. dollars, British Sterling, Euros, Canadian dollars, Australian dollars, Swedish Krona, Singapore dollars and other agreed upon alternative currencies. The Revolving Credit Agreement also provides for a financial letter of credit sub facility of $400.0 million, permits performance letters of credit, and provides for a $100.0 million sub facility for swing line loans. Letters of credit are subject to fees based on the Company’s Consolidated Leverage Ratio and Debt Rating, whichever is more favorable to the Company. The maturity date of the Revolving Credit Facility is February 6, 2028. The Company is a guarantor of the obligations of JEGI and its subsidiaries under the Revolving Credit Agreement.
The Company and JEGI maintained an unsecured delayed draft term loan facility (the “2021 Term Loan Facility”) established under an amended and restated term loan agreement dated February 6, 2023 (the "Amended and Restated Term Loan Agreement"), by and among the Company and JEGI and a syndicate of banks and financial institutions. JEGI borrowed $200.0 million and £650.0 million of term loans under the 2021 Term Loan Facility (reflecting scheduled maturities in February 2026 and September 2025, respectively) and the proceeds of such term loans were used primarily to fund JEGI's investment in PA Consulting.
On March 13, 2025, the Company exchanged approximately 19.5 million shares of our investment in Amentum Holdings, Inc. for approximately £239.8 million, or $311.5 million, in aggregate principal amount under the 2021 Term Loan Facility in an equity-for-debt transaction (the "Equity-for-Debt Transaction"). The aggregate principal amount of debt was immediately extinguished, and the Company received no other consideration (cash or otherwise) in connection with the exchange. For more information, please refer to Note 15 - Discontinued Operations. In connection with the Equity-for-Debt Transaction, $20.5 million in discounts and expenses were recognized as loss on extinguishment of debt.
On March 27, 2025, the Company, as guarantor, and JEGI, as borrower, entered into a term loan agreement (the “2025 Term Loan Facility”) with Bank of America, N.A., as administrative agent and sole lead arranger, and the lenders party thereto. Under the 2025 Term Loan Facility, JEGI borrowed a $200.0 million term loan and £410.0 million term loan for a term of two-years from the date of initial funding, maturing on March 26, 2027. The proceeds from the 2025 Term Loan Facility were used to repay the remaining outstanding 2021 Term Loan Facility principal equal to $120.0 million and £410.2 million, or $531.6 million, with the remaining proceeds used for general corporate purposes.
We were in compliance with the covenants under the Revolving Credit Facility and 2025 Term Loan Facility at June 27, 2025.
5.90% Bonds, due 2033
On February 16, 2023, JEGI completed an offering of $500.0 million aggregate principal amount of 5.90% Bonds due 2033 (the “5.90% Bonds”). The 5.90% Bonds are fully and unconditionally guaranteed by the Company (the “5.90% Bonds Guarantee”). The 5.90% Bonds and the 5.90% Bonds Guarantee were offered pursuant to a prospectus supplement, dated February 13, 2023, to the prospectus dated February 6, 2023, that forms a part of the Company's and JEGI’s automatic shelf registration statement on Form S-3ASR previously filed with the SEC, and were issued pursuant to an Indenture, dated as of February 16, 2023, between JEGI, as issuer, the Company, as guarantor, and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Indenture, dated as of February 16, 2023 (the “First Supplemental Indenture”). Interest on the 5.90% Bonds is payable semi-annually in arrears on each March 1 and September 1, until maturity. The 5.90% Bonds bear interest at 5.90% per annum, subject to adjustments as discussed in note (4) to the table above.
Prior to December 1, 2032 (the “5.90% Bonds Par Call Date”), JEGI may redeem the 5.90% Bonds at its option, in whole or in part, at any time and from time to time, at the redemption price calculated by JEGI (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 5.90% Bonds being redeemed, assuming that such 5.90% Bonds matured on the 5.90% Bonds Par Call Date, discounted to the redemption date on a semiannual basis (assuming a 360-day year of twelve 30-day months), at the Treasury Rate (as defined in the First Supplemental Indenture) plus 35 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of such 5.90% Bonds to be redeemed, plus, in either case, accrued and unpaid interest on the 5.90% Bonds, if any, to, but excluding, the redemption date. At any time and from time to time on or after the 5.90% Bonds Par Call Date, JEGI may redeem the 5.90% Bonds, at its option, in whole or in part, at a redemption price equal to 100% of the principal amount of the 5.90% Bonds to be redeemed, plus accrued and unpaid interest thereon, if any, up to, but excluding, the redemption date.
6.35% Bonds, due 2028
On August 18, 2023, JEGI completed an offering of $600.0 million aggregate principal amount of 6.35% Bonds due 2028 (the “6.35% Bonds”). The 6.35% Bonds are fully and unconditionally guaranteed by the Company (the “6.35% Bonds Guarantee”). The 6.35% Bonds and the 6.35% Bonds Guarantee were offered pursuant to a prospectus supplement, dated August 15, 2023, to the prospectus dated February 6, 2023, that forms a part of the Company and JEGI’s automatic shelf registration statement on Form S-3ASR previously filed with the SEC, and were issued pursuant to the Indenture, as amended and supplemented by the Second Supplemental Indenture, dated as of August 18, 2023 (the “Second Supplemental Indenture”). Interest on the 6.35% Bonds is payable semi-annually in arrears on each February 18 and August 18, until maturity. The Notes will bear interest at a rate of 6.35% per annum and will mature on August 18, 2028. The 6.35% Bonds bear interest at 6.35% per annum.
Prior to July 18, 2028 (the “6.35% Bonds Par Call Date”), JEGI may redeem the 6.35% Bonds at its option, in whole or in part, at any time and from time to time, at the redemption price calculated by JEGI (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest on the 6.35% Bonds being redeemed, assuming that such 6.35% Bonds matured on the 6.35% Bonds Par Call Date, discounted to the redemption date on a semiannual basis (assuming a 360-day year of twelve 30-day months), at the Treasury Rate (as defined in the Second Supplemental Indenture) plus 30 basis points, less (b) interest accrued to the redemption date, and (2) 100% of the principal amount of such 6.35% Bonds to be redeemed, plus, in either case, accrued and unpaid interest on the 6.35% Bonds, if any, to, but excluding, the redemption date. At any time and from time to time on or after the 6.35% Bonds Par Call Date, JEGI may redeem the 6.35% Bonds, at its option, in whole or in part, at a redemption price equal to 100% of the principal amount of the 6.35% Bonds to be redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
Other arrangements
During fiscal 2020, the Company entered into interest rate and cross currency derivative contracts to swap a portion of our variable rate debt to fixed rate debt. See Note 18- Commitments and Contingencies and Derivative Financial Instruments for discussion regarding the Company's derivative instruments.
The Company issued $0.3 million in letters of credit under the Revolving Credit Facility, leaving $1.59 billion of available borrowing capacity under the Revolving Credit Facility at June 27, 2025. In addition, the Company had issued $229.5 million under various separate, committed and uncommitted letter-of-credit facilities for total issued letters of credit of $229.8 million at June 27, 2025.
v3.25.2
Leases
9 Months Ended
Jun. 27, 2025
Leases [Abstract]  
Leases Leases
The components of lease expense (reflected in selling, general and administrative expenses ("SG&A")) for the three and nine months ended June 27, 2025 and June 28, 2024 were as follows (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Lease expense
Operating lease expense$27,328 $26,914 $82,389 $84,362 
Variable lease expense7,827 8,090 23,596 25,379 
Sublease income(4,233)(4,831)(14,885)(14,257)
Total lease expense$30,922 $30,173 $91,100 $95,484 
Supplemental information related to the Company's leases for the nine months ended June 27, 2025 and June 28, 2024 was as follows (in thousands):
Nine Months Ended
June 27, 2025June 28, 2024
Cash paid for amounts included in the measurements of lease liabilities$111,809$113,916
Right-of-use assets obtained in exchange for new operating lease liabilities$62,954$30,871
Weighted average remaining lease term - operating leases5.7 years5.7 years
Weighted average discount rate - operating leases3.9%3.6%
Total remaining lease payments under the Company's leases for the remainder of fiscal 2025 and for the succeeding years are as follows (in thousands):
Fiscal YearOperating Leases
2025$35,544 
2026125,540 
2027104,967 
202886,276 
202965,223 
Thereafter133,327 
550,877 
Less Interest(55,291)
$495,586 
v3.25.2
Pension and Other Postretirement Benefit Plans
9 Months Ended
Jun. 27, 2025
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefit Plans Pension and Other Postretirement Benefit Plans
The following table presents the components of net periodic pension benefit expense recognized in earnings during the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Component:
Service cost$2,499 $2,261 $7,494 $6,783 
Interest cost21,571 21,560 62,657 64,680 
Expected return on plan assets(26,149)(23,726)(75,877)(71,178)
Amortization of previously unrecognized items3,181 1,949 9,228 5,847 
Total net periodic pension benefit expense recognized$1,102 $2,044 $3,502 $6,132 
The service cost component of net periodic pension benefit is presented in the same line item as other compensation costs (direct cost of contracts and selling, general and administrative expenses) and the other components of net periodic pension expense are presented in miscellaneous income (expense), net on the Consolidated Statements of Earnings.
The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2025 (in thousands):
Cash contributions made during the first nine months of fiscal 2025
$35,785 
Cash contributions projected for the remainder of fiscal 2025
1,506 
Total$37,291 
v3.25.2
Discontinued Operations
9 Months Ended
Jun. 27, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
Separation of Critical Mission Solutions (“CMS”) and Cyber & Intelligence (“C&I”) Businesses
On September 27, 2024, Jacobs completed the previously announced Reverse Morris Trust transaction pursuant to which (i) Jacobs first transferred its CMS and portions of its DVS business to Amazon Holdco Inc., a Delaware corporation ("SpinCo"), which has since been renamed Amentum Holdings, Inc., (ii) Jacobs then effectuated a spin-off of SpinCo by distributing 124,084,108 shares of SpinCo Common Stock, by way of a pro rata distribution to its shareholders such that each holder of shares of Jacobs Common Stock was entitled to receive one share of SpinCo Common Stock for each share of Jacobs common stock held as of the record date, September 23, 2024 (the "Distribution"), and (iii) finally, Amentum Parent Holdings LLC merged with and into SpinCo, with SpinCo surviving the merger (the "Merger"). Amentum Holdings, Inc., as the surviving entity of the Separation Transaction is now an independent public company with common stock listed on the New York Stock Exchange under the symbol “AMTM” (“Amentum”).
In connection and in accordance with the terms of the Separation Transaction and prior to the Distribution and the Merger, Jacobs received a cash payment from SpinCo of approximately $911 million, after adjustments based on the estimated levels of cash, debt and working capital in the SpinCo Business as of the transaction date, and recorded estimated additional net working capital receivable amounts reflected in Receivables and Contract Assets in the Company's September 27, 2024 Consolidated Balance Sheet, subject to final settlement between the parties after the closing of the transaction and as set forth in the Agreement and Plan of Merger, dated as of November 20, 2023 (as amended, the “Merger Agreement"). Subsequent to the closing and upon final determination in March 2025, the parties determined that the Company was entitled to $70 million in final settlement of the post-closing working capital adjustment, resulting in a $24 million reduction from preliminary recorded receivable amounts, which was charged to Retained Earnings in the Company's Consolidated Balance Sheet. The $70 million final receivable balance was collected in
full on April 10, 2025 and immediately utilized to pay down existing amounts owed on Company’s Revolving Credit Facility upon receipt.

Summarized Financial Information of Discontinued Operations
    The following table represents earnings from discontinued operations, net of tax (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues$(3,197)$1,348,196 $(3,200)$4,119,108 
Direct cost of contracts(1,152,358)— (3,544,808)
Gross (loss) profit
(3,194)195,838 (3,200)574,300 
Selling, general and administrative expense
(518)(106,360)(7,549)(325,013)
Operating (Loss) Profit
(3,712)89,478 (10,749)249,287 
Other income, net
— 207 — 521 
(Loss) Earnings Before Taxes from Discontinued Operations
(3,712)89,685 (10,749)249,808 
Income Tax Benefit (Expense)
1,627 (22,467)2,102 (61,718)
Net (Loss) Earnings of the Group from Discontinued Operations
(2,085)67,218 (8,647)188,090 
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations
— (3,693)— (10,080)
Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations (1)
$(2,085)$63,525 $(8,647)$178,010 
(1)Changes year-over-year were primarily driven by prior year operating results of the SpinCo Business, which were divested and therefore are no longer in Company's financial results in fiscal year 2025.
Notable components included in our Consolidated Statements of Cash Flows for these discontinued operations are as follows (in thousands):
Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Depreciation and amortization:
Property, equipment and improvements$— $4,446 $— $12,237 
Intangible assets$— $14,217 $— $42,574 
Deferred income taxes$2,404 $3,843 $2,404 $(3,694)
Additions to property and equipment$— $(4,007)$— $(9,677)
No assets and liabilities remain held for spin as of the September 27, 2024 balance sheet date.
Investment in Amentum Stock
As a result of the Separation Transaction on September 27, 2024, Jacobs held approximately 29.2 million of the outstanding shares of Amentum common stock initially recorded on a net book value basis under spin-off accounting rules.
Following the Merger and in accordance with the Escrow Agreement, Jacobs transferred approximately 10.9 million of the 29.2 million of Amentum shares held into escrow to be held and distributed between the parties based on terms and conditions set forth in the Merger Agreement. The entire 29.2 million shares of Amentum, consisting of both the 10.9 million in escrow shares and the remaining 18.3 million shares owned by Jacobs was reflected in the Company’s September 27, 2024 Consolidated Balance Sheet pending final settlement of the escrow shares at a recorded fair value of $749.5 million.
In February 2025, in connection with the determination of SpinCo’s fiscal year 2024 performance against certain agreed upon milestones and ensuing escrow share settlement proceedings (the “Post-Closing Additional Merger Consideration Adjustment”), the parties agreed that Jacobs was entitled to receive at least an additional 1.2 million shares held in escrow, which were then released to Jacobs. Subsequently, on March 13, 2025, Jacobs completed the Equity-for-Debt Transaction (see Note 12- Borrowings for additional information). After giving effect to the above transactions, the Company's remaining investment in Amentum represented the 9.7 million shares remaining in escrow.
Further, on April 7, 2025, the parties agreed to a final determination of the Post-Closing Additional Merger Consideration Adjustment, pursuant to which Jacobs became entitled to receive approximately 7.3 million Amentum shares from the remaining 9.7 million shares held in escrow mentioned above, and former Amentum equity sponsors became entitled to receive the remainder of approximately 2.4 million shares. The finalization of the shares deemed owed to the former Amentum equity sponsors resulted in approximately $21.9 million in charges to Miscellaneous Expense in the Company's Consolidated Statement of Earnings in the second fiscal quarter of 2025. These shares were subsequently released to the respective parties during the current quarter.
Finally, on April 30, 2025, the Jacobs Board of Directors declared a dividend in kind to distribute the remaining 7.3 million shares of Amentum's stock to Jacobs’ shareholders of record as of May 16, 2025, which were distributed on a pro rata basis on May 30, 2025, resulting in an impact on retained earnings as shown on the Company's Consolidated Statements of Shareholders' Equity for the three and nine months ended June 27, 2025. Following the distribution, the Company no longer owns any shares of Amentum common stock.
The Company reported $27.4 million in net mark-to-market gains and other related transactions and $227.3 million in fair value mark-to-market and other related charges associated with the investment in Amentum shares for the three and nine month periods ending June 27, 2025, respectively, which was included in Miscellaneous Income (Expense), net as reported in Other Income (Expense) in the Company’s Consolidated Statement of Earnings.
Transition Services Agreement
Upon closing of the Separation Transaction, the Company entered into a Transition Services Agreement (the "TSA") with Amentum pursuant to which the Company, on an interim basis, will provide various services to Amentum including corporate, information technology, and project services. The initial term of the TSA began immediately following the closing of the transaction on September 27, 2024 and expires in September 2025, unless the parties agree to an extension. Pursuant to the terms of the TSA, the Company will receive payments for the interim services. Since inception of the TSA agreement, the Company has recognized costs recorded in SG&A expense incurred to perform the TSA, offset by $9.8 million and $31.5 million in TSA related income for such services that is reported in miscellaneous income (expense) for the three and nine month periods ended June 27, 2025.
Sale of Energy, Chemicals and Resources ("ECR") Business
On April 26, 2019, Jacobs completed the sale of its Energy, Chemicals and Resources ("ECR") business to Worley Limited, a company incorporated in Australia ("Worley"), for a purchase price of $3.4 billion consisting of (i) $2.8 billion in cash plus (ii) $58.2 million ordinary shares of Worley, subject to adjustments for changes in working capital and certain other items. For the three and nine month periods ended June 27, 2025, $0.5 million was reported in Net Earnings Attributable to Jacobs from Discontinued Operations on the Consolidated Statement of Earnings related to ECR, as compared to $0.5 million and $(0.9) million for the corresponding periods last year.
v3.25.2
PA Consulting Redeemable Noncontrolling Interests
9 Months Ended
Jun. 27, 2025
PA Consulting Group Limited  
Business Combination [Line Items]  
PA Consulting Redeemable Noncontrolling Interests PA Consulting Redeemable Noncontrolling Interests
In connection with the Company's strategic investment in PA Consulting, the Company recorded redeemable noncontrolling interests, including subsequent purchase accounting adjustments, representing the noncontrolling interest holders' equity interests in the form of preferred and common shares of PA Consulting, with substantially all of the value associated with these interests allocable to the preferred shares.
During the nine months ended June 27, 2025 and June 28, 2024, PA Consulting repurchased certain shares of the redeemable noncontrolling interest holders for cash amounts of $8.5 million and $41.8 million, respectively. Additionally, during the nine months ended June 28, 2024, PA Consulting issued certain shares of redeemable noncontrolling interest holders for cash amounts of $19.8 million. The difference between the cash purchase prices and the recorded book values of these repurchased and issued interests was recorded in the Company’s consolidated retained earnings. The Company held approximately 71% and 70% of the outstanding ownership of PA Consulting as of June 27, 2025 and September 27, 2024, respectively.
During the nine months ended June 27, 2025, there was a $0.10 increase in earnings per share resulting from adjustments to the redeemable noncontrolling interests to reflect the reduction of the excess in the redemption values over fair values of the B common shares component of the redeemable equity. During the nine months ended June 28, 2024, there was a $0.01 increase in earnings per share resulting from redemption value adjustments associated with redeemable noncontrolling interests preference share repurchase and reissuance activities that were recorded.
The changes above had no impact on the Company’s overall results of operations, financial position or cash flows. See Note 6- Earnings Per Share and Certain Related Information for more information.
Changes in the redeemable noncontrolling interests during the nine months ended June 27, 2025 are as follows (in thousands):
Balance at September 27, 2024$820,182 
Accrued Preferred Dividend to Preference Shareholders59,792 
Attribution of Preferred Dividend to Common Shareholders(59,792)
Net earnings attributable to redeemable noncontrolling interests to Common Shareholders18,539 
Redeemable Noncontrolling interests redemption value adjustment68,031 
Repurchase of redeemable noncontrolling interests(11,003)
Cumulative translation adjustments and other
12,603 
Balance at June 27, 2025$908,352 
In addition, certain employees and non-employees of PA Consulting are eligible to receive equity-based incentive grants since the March 2, 2021 original investment date. Under the terms of the applicable agreements, these grants have reached vested status on a tranche basis of approximately 40% through June 2025, with the remaining 60% anticipated to vest and result in associated expense recognition upon a liquidity event, as defined in the applicable agreements, which is expected to take place in 2026. The Company has accrued cumulative expenses associated with the vested grants in the amounts of $50.6 million and $28.4 million reported in Other deferred liabilities in our Consolidated Balance Sheets as of June 27, 2025 and September 27, 2024, respectively. Also, during the nine months ended June 27, 2025 and June 28, 2024, the Company has recorded $20.6 million and $11.5 million, respectively, in expenses associated with the vesting of these grants, which is reflected in selling, general and administrative expenses in the Consolidated Statements of Earnings.
The Company's investment in PA Consulting includes $2.7 million and $2.1 million at June 27, 2025 and September 27, 2024, respectively, in cash that is restricted from general use and is reflected in Prepaid expenses and other in the Company's Consolidated Balance Sheets.
v3.25.2
Restructuring and Other Charges
9 Months Ended
Jun. 27, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
During fiscal 2023, the Company implemented restructuring and separation initiatives relating to the Separation Transaction which continued through fiscal years 2024 and 2025 year to date and are expected to be substantially completed by the end of calendar year 2025. Restructuring initiatives were also implemented during fiscal 2023 relating to our investment in PA Consulting, which is substantially completed. While restructuring activities for each of these programs are comprised mainly of employee termination costs, the separation activities and costs are primarily related to the engagement of outside services, dedicated internal personnel and other related costs dedicated to the Separation Transaction.
Collectively, the above-mentioned restructuring activities are referred to as “Restructuring and other charges.”
The following table summarizes the impacts of the Restructuring and other charges by operating segment for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Infrastructure & Advanced Facilities
$22,254 $50,770 $47,398 $120,327 
PA Consulting— 3,201 259 7,360 
Total (1)
$22,254 $53,971 $47,657 $127,687 

(1)The three and nine months ended June 27, 2025 and June 28, 2024 included approximately $22.0 million and $47.1 million, respectively, and $50.8 million and $120.3 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), which were included in operating profit in the Company's Consolidated Statement of Earnings (mainly in SG&A).
The activity in the Company’s accruals for Restructuring and other charges for the nine months ended June 27, 2025 is as follows (in thousands):
Balance at September 27, 2024
$44,935 
Net Charges (Credits) 47,657 
Payments and other(72,701)
Balance at June 27, 2025$19,891 
The following table summarizes the Restructuring and other charges by major type of costs for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Lease Abandonments and Impairments$— $— $— $49 
Terminations15,556 22,304 20,444 44,211 
Outside Services (1)
6,684 27,906 23,052 71,198 
Other (2)
14 3,761 4,161 12,229 
Total
$22,254 $53,971 $47,657 $127,687 
(1) Amounts in the three and nine months ended June 27, 2025 and June 28, 2024 are mainly comprised of professional services relating to the Separation Transaction.
(2) Amounts in the three and nine months ended June 27, 2025 and June 28, 2024 are comprised of charges relating to the Separation Transaction.
Cumulative amounts incurred to date for restructuring and other programs that were active as of June 27, 2025 by each major type of cost are as follows (in thousands):
Terminations$99,732 
Outside Services156,868 
Other (1)
61 
Total$256,661 
(1)Cumulative amount includes a $35.2 million realized gain on interest rate swaps settled during the fourth quarter of fiscal 2024.
v3.25.2
Commitments and Contingencies and Derivative Financial Instruments
9 Months Ended
Jun. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies and Derivative Financial Instruments Commitments and Contingencies and Derivative Financial Instruments
Derivative Financial Instruments
The Company is exposed to interest rate risk under its variable rate borrowings and additionally, due to the nature of the Company's international operations, we are at times exposed to foreign currency risk. As such, we sometimes enter into foreign exchange hedging contracts and interest rate hedging contracts in order to limit our exposure to fluctuating foreign currencies and interest rates.
During fiscal 2022, the Company entered into two treasury lock agreements with a total notional value of $500.0 million to manage its interest rate exposure to the anticipated issuance of fixed rate debt before December 2023. On February 13, 2023, the Company settled these treasury lock agreements and issued the 5.90% Bonds in the aggregate principal amount of $500.0 million, which resulted in the receipt of cash and a pre-tax gain of $37.4 million, which is being amortized to interest expense and recognized over the term of the 5.90% Bonds. See Note 12- Borrowings for further discussion relating to the terms of the 5.90% Bonds. The unrealized net gain on these instruments was $21.6 million and $23.6 million, net of tax, and is included in accumulated other comprehensive income as of June 27, 2025 and September 27, 2024, respectively.
In fiscal 2020 we entered into interest rate swap agreements to manage the interest rate exposure on our variable rate loans. By entering into the swap agreements, the Company converted the variable rate based liabilities into fixed rate liabilities for a period of five to ten years. During the fiscal 2023 transition from LIBOR to SOFR, the terms of the swaps were amended accordingly and remained designated as cash-flow hedges in accordance with ASC 815, Derivatives and Hedging. As of June 27, 2025 and September 27, 2024, the Company has one ten-year outstanding instrument with a notional value of $200.0 million.
The fair value of the interest rate swap at June 27, 2025 and September 27, 2024 was $22.0 million and $23.0 million, respectively, included within miscellaneous other assets on the Consolidated Balance Sheet. The unrealized net gain on the interest rate swap as of June 27, 2025 and September 27, 2024 was $16.8 million and $17.4 million, respectively, net of tax, and was included in accumulated other comprehensive income.
Additionally, the Company held foreign exchange forward contracts in currencies that support our operations, including British Pound, Australian Dollar and other currencies, with notional values of $1.08 billion at June 27, 2025 and $827.3 million at September 27, 2024. The length of these contracts currently ranges from one to six months. The fair value of the foreign exchange contracts at June 27, 2025 was $15.3 million, of which $17.0 million is included within current assets and $(1.7) million is included within current liabilities on the Consolidated Balance Sheet as of June 27, 2025. The fair value of the contracts as of September 27, 2024 was $15.3 million, of which $15.8 million is included within current assets and $(0.5) million is included within current liabilities on the Consolidated Balance Sheet as of September 27, 2024. Associated income statement impacts are included in miscellaneous income (expense) in the Consolidated Statements of Earnings for both periods.
The fair value measurements of these derivatives are being made using Level 2 inputs under ASC 820, Fair Value Measurement, as the measurements are based on observable inputs other than quoted prices in active markets. We are exposed to risk from credit-related losses resulting from nonperformance by counterparties to our financial instruments. We perform credit evaluations of our counterparties under forward exchange and interest rate contracts and expect all counterparties to meet their obligations. We have not experienced credit losses from our counterparties.
Contractual Guarantees, Legal Proceedings, Claims, Investigations and Insurance
In the normal course of business, we make contractual commitments (some of which are supported by separate guarantees) and on occasion we are a party in a litigation or arbitration proceeding, such as the Consolidated JV Matter (see Note 19- Segment Information). The litigation or arbitration in which we are involved includes personal injury claims, professional liability claims and breach of contract claims. Where we provide a separate guarantee, it is strictly in support of the underlying contractual commitment. Guarantees take various forms including surety bonds required by law, or standby letters of credit ("LOC" and also referred to as “bank guarantees”) or corporate guarantees given to induce a party to enter into a contract with a subsidiary. Standby LOCs are also used as security for advance payments or in various other transactions. The guarantees have various expiration dates ranging from an arbitrary date to completion of our work (e.g., engineering only) to completion of the overall project. We record in the Consolidated Balance Sheets amounts representing our estimated liability relating to such guarantees, litigation and insurance claims. Guarantees are accounted for in accordance with ASC 460-10, Guarantees, at fair value at the inception of the guarantee.
At June 27, 2025 and September 27, 2024, the Company had issued and outstanding approximately $229.8 million and $306.2 million, respectively, in LOCs and $2.7 billion and $2.3 billion, respectively, in surety bonds.
We maintain insurance coverage for most insurable aspects of our business and operations. Our insurance programs have varying coverage limits depending upon the type of insurance and include certain conditions and exclusions which insurance companies may raise in response to any claim that is asserted by or against the Company. We have also elected to retain a portion of losses and liabilities that occur through using various deductibles, limits, and retentions under our insurance programs. As a result, we may be subject to a future liability for which we are only partially insured or completely uninsured. We intend to mitigate any such future liability by continuing to exercise prudent business judgment in negotiating the terms and conditions of the contracts which the Company enters with its clients. Our insurers are also subject to business risk and, as a result, one or more of them may be unable to fulfill their insurance obligations due to insolvency or otherwise.
Additionally, as a contractor providing services to the U.S. federal government, we are subject to many types of audits, investigations, and claims by, or on behalf of, the government including with respect to contract performance, pricing, cost allocations, procurement practices, labor practices, and socioeconomic obligations. Furthermore, our income, franchise, and similar tax returns and filings are also subject to audit and investigation by the Internal Revenue Service, most states within the United States, as well as by various government agencies representing jurisdictions outside the United States.
Our Consolidated Balance Sheets include amounts representing our probable estimated liability relating to such claims, guarantees, litigation, audits, and investigations. We perform an analysis to determine the level of reserves to establish for insurance-related claims that are known and have been asserted against us, as well as for insurance-related claims that are believed to have been incurred based on actuarial analysis but have not yet been reported to our claims administrators as of the respective balance sheet dates. We include any adjustments to such insurance reserves in our consolidated results of operations. Insurance recoveries are recorded as assets if recovery is probable and estimated liabilities are not reduced by expected insurance recoveries.
The Company believes, after consultation with counsel, that such guarantees, litigation, U.S. government contract-related audits, investigations and claims, and income tax audits and investigations should not have a material adverse effect on our consolidated financial statements, beyond amounts currently accrued.
v3.25.2
Segment Information
9 Months Ended
Jun. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's two operating segments are comprised of Infrastructure and Advanced Facilities ("I&AF") and its majority investment in PA Consulting. Subsequent to the Separation Transaction, the SpinCo businesses are now presented as discontinued operations for all periods and therefore not reflected in the segment disclosures below. For further information, refer to Note 15- Discontinued Operations.
The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”) and evaluates the performance of each of these segments and make appropriate resource allocations among each of the segments. For purposes of the Company’s goodwill impairment testing, it has been determined that the Company’s operating segments are also its reporting units based on management’s conclusion that the components comprising each of its operating segments share similar economic characteristics and meet the aggregation criteria for reporting units in accordance with ASC 350, Intangibles-Goodwill and Other.
Financial information for each segment is reviewed by the CODM to assess performance and make decisions regarding the allocation of resources. The CODM evaluates the operating performance of our operating segments using segment operating profit. The Company incurs certain SG&A that relate to its business as a whole which are not allocated to the segments.
The following tables present total revenues and segment operating profit from continuing operations for each reportable segment (in thousands) and includes a reconciliation of segment operating profit to total U.S. GAAP operating profit by including certain corporate-level expenses, Restructuring and other charges (as defined in Note 17- Restructuring and Other Charges) and transaction and integration costs (in thousands).
For the Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues from External Customers:
Infrastructure & Advanced Facilities (1)$2,699,062 $2,595,113 $7,928,023 $7,652,552 
PA Consulting332,706 288,271 947,116 888,239 
              Total$3,031,768 $2,883,384 $8,875,139 $8,540,791 
For the Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Segment Operating Profit:
Infrastructure & Advanced Facilities (1)$235,975 $208,171 $649,514 $579,659 
PA Consulting72,418 62,889 206,502 177,513 
Total Segment Operating Profit308,393 271,060 856,016 757,172 
Restructuring, Transaction and Other Charges (2)
(34,134)(61,762)(87,991)(147,223)
Amortization of Intangible Assets(39,245)(38,312)(115,946)(113,718)
Total U.S. GAAP Operating Profit235,014 170,986 652,079 496,231 
Total Other Income (Expense), net (3)
10,090 (34,521)(298,006)(112,551)
Earnings from Continuing Operations Before Taxes$245,104 $136,465 $354,073 $383,680 
(1)
The nine months ended June 27, 2025 I&AF revenue and operating profit were impacted by a reserve in connection with an unfavorable interim ruling against a consolidated joint venture in which the Company holds a 50% interest (the "Consolidated JV Matter"), with the noncontrolling partner’s share included in noncontrolling interests in the Consolidated Statements of Earnings for the respective period.
(2)
The three and nine months ended June 27, 2025 and June 28, 2024 included $22.0 million and $47.1 million, respectively, and $50.8 million and $120.3 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), as well as certain subsidiary level compensation based agreements. The three and nine months ended June 27, 2025 included approximately $4.7 million and $20.9 million, respectively, in charges associated with the Company's TSA with Amentum.
(3)
The three and nine months ended June 27, 2025 included gains of $27.4 million and losses of $227.3 million, respectively, mainly related to mark-to-market adjustments and other related charges associated with our investment in Amentum stock in connection with the Separation Transaction, as well as $9.8 million and $31.5 million, respectively, in income associated with the Company's TSA with Amentum (see Note 15- Discontinued Operations). The nine months ended June 27, 2025 included $20.5 million in discounts and expenses associated with the Equity-for-Debt Transaction (see Note 12- Borrowings and Note 15- Discontinued Operations).
See also the further description of results of operations for our operating segments in Item 2- Management’s Discussion and Analysis of Financial Condition and Results of Operations.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Pay vs Performance Disclosure        
Net Income (Loss) $ 179,605 $ 146,934 $ 167,086 $ 480,657
v3.25.2
Insider Trading Arrangements
3 Months Ended
Jun. 27, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
Use of Estimates and Assumptions (Policies)
9 Months Ended
Jun. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Use of Estimates and Assumptions Please refer to Note 2- Significant Accounting Policies of Notes to Consolidated Financial Statements included in our 2024 Form 10-K for a discussion of other significant estimates and assumptions affecting our consolidated financial statements.
Fair Value and Fair Value Measurements
Certain amounts included in the accompanying consolidated financial statements are presented at fair value. Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants as of the date fair value is determined (the “measurement date”). When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider only those assumptions we believe a typical market participant would consider when pricing an asset or liability. In measuring fair value, we use the following inputs in the order of priority indicated:
Level 1 - Quoted prices in active markets for identical assets or liabilities.
Level 2 - Observable inputs other than quoted prices in active markets included in Level 1, such as (i) quoted prices for similar assets or liabilities; (ii) quoted prices in markets that have insufficient volume or infrequent transactions (e.g., less active markets); and (iii) model-driven valuations in which all significant inputs are observable or can be derived principally from, or corroborated with, observable market data for substantially the full term of the asset or liability.
Level 3 - Unobservable inputs to the valuation methodology that are significant to the fair value measurement.
Please refer to Note 2- Significant Accounting Policies of Notes to Consolidated Financial Statements included in our 2024 Form 10-K for a more complete discussion of the various items within the consolidated financial statements measured at fair value and the methods used to determine fair value. Please also refer to Note 18- Commitments and Contingencies and Derivative Financial Instruments for discussion regarding the Company's derivative instruments and Note 15- Discontinued Operations for discussion regarding the Company's investment in Amentum common shares.
The net carrying amounts of cash and cash equivalents, trade receivables and payables and short-term debt approximate fair value due to the short-term nature of these instruments. See Note 12- Borrowings for a discussion of the fair value of long-term debt.
New Accounting Pronouncements
ASU 2025-03, Business Combinations, (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity, clarifies the guidance in determining the accounting acquirer in a business combination effected primarily by exchanging equity interests when the acquiree is a variable interest entity that meets the definition of a business. The standard is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted, and the standard is to be applied prospectively to acquisitions after the adoption date. ASU 2025-03 will be effective for the Company in the first quarter of fiscal 2027. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2024-03, Income Statement, (Subtopic 220-40): Reporting Comprehensive Income - Disaggregation of Income Statement Expenses, requires disclosure, in the notes to financial statements, of specified information about certain costs and expenses. The amendments in this update also provide guidance on the disaggregation disclosure requirements for certain expense captions presented on the face of an entity’s income statement and provide guidance on the disclosure of selling expenses. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2024-03 will be effective for the Company in the fourth quarter of fiscal 2027. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-09, Income Taxes, (Topic 740): Improvements to Income Tax Disclosures, provides qualitative and quantitative updates to the Company's effective income tax rate reconciliation and income taxes paid disclosures, among others, in order to enhance the transparency of income tax disclosures, including consistent categories and greater disaggregation of information in the rate reconciliation and disaggregation by jurisdiction of income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2023-09 will be effective for the Company in the first quarter of fiscal 2026. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-07, Segment Reporting, (Topic 280): Improvements to Reportable Segment Disclosures, requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the amendments in this update are required to be applied on a retrospective basis. ASU 2023-07 will be effective for the Company's annual fiscal 2025 period. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.
ASU 2023-06, Disclosure Improvements: Amendments - Codification Amendments in Response to the Disclosure Update and Simplification Initiative of the Securities and Exchange Commission ("SEC"). The Financial Accounting Standards Board issued the standard to introduce changes to US GAAP that originate in either SEC Regulation S-X or S-K, which are rules about the form and content of financial reports filed with the SEC. The provisions of the standard are contingent upon instances where the SEC removes the related disclosure provisions from Regulation S-X and S-K. ASU 2023-06 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied prospectively; however, retrospective application is also permitted. ASU 2023-06 will be effective for the Company in the fourth quarter of fiscal 2026. The Company does not expect that the application of this standard will have a material impact on our consolidated financial statements and related disclosures.
v3.25.2
Revenue Accounting for Contracts (Tables)
9 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table further disaggregates our revenue by geographic area for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues:
     United States$1,862,762 $1,809,939 $5,471,774 $5,316,903 
     Europe726,478 671,375 2,136,581 2,026,806 
     Canada66,341 66,849 180,491 191,392 
     Asia36,827 31,619 105,599 96,379 
     India50,691 37,946 132,138 110,963 
     Australia and New Zealand139,696 135,228 410,239 407,215 
     Middle East and Africa148,973 130,428 438,317 391,133 
Total$3,031,768 $2,883,384 $8,875,139 $8,540,791 
v3.25.2
Earnings Per Share and Certain Related Information (Tables)
9 Months Ended
Jun. 27, 2025
Earnings Per Share Reconciliation [Abstract]  
Schedule of Earnings Per Share
The following table reconciles the denominator used to compute basic EPS to the denominator used to compute diluted EPS for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator for Basic and Diluted EPS:
Net earnings attributable to Jacobs from continuing operations$181,234 $82,924 $175,266 $303,505 
Redeemable Noncontrolling interests redemption value adjustment (See Note 16- PA Consulting Redeemable Noncontrolling Interests)
6,605 (20)12,417 1,746 
Net earnings from continuing operations allocated to common stock for EPS calculation$187,839 $82,904 $187,683 $305,251 
Net (loss) earnings from discontinued operations allocated to common stock for EPS calculation$(1,629)$64,010 $(8,180)$177,152 
Net earnings allocated to common stock for EPS calculation$186,210 $146,914 $179,503 $482,403 
Denominator for Basic and Diluted EPS:
Shares used for calculating basic EPS attributable to common stock120,084 125,163 122,132 125,660 
Effect of dilutive securities:
Stock compensation plans 407 453 450 553 
Shares used for calculating diluted EPS attributable to common stock120,491 125,616 122,582 126,213 
Net Earnings Per Share:
Basic Net Earnings from Continuing Operations Per Share$1.56 $0.66 $1.54 $2.43 
Basic Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.51 $(0.07)$1.41 
Basic Earnings Per Share$1.55 $1.17 $1.47 $3.84 
Diluted Net Earnings from Continuing Operations Per Share$1.56 $0.66 $1.53 $2.42 
Diluted Net (Loss) Earnings from Discontinued Operations Per Share$(0.01)$0.51 $(0.07)$1.40 
Diluted Earnings Per Share$1.55 $1.17 $1.46 $3.82 
Note: Per share amounts may not add due to rounding.
Schedule of Share Repurchases
The following table summarizes repurchase activity for fiscal 2025 under the 2023 Repurchase Authorization through the third fiscal quarter of 2025:
Amount Authorized
(2023 Repurchase Authorization)
Average Price Per Share (1)Total Shares Repurchased and Retired
$1,000,000,000$133.513,570,275
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
The following table summarizes repurchase activity for fiscal 2025 under the 2025 Repurchase Authorization through the third fiscal quarter of 2025:
Amount Authorized
(2025 Repurchase Authorization)
Average Price Per Share (1)Total Shares Repurchased and Retired
$1,500,000,000$124.291,420,821
(1)Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
Schedule of Dividends Declared Dividends paid through the third fiscal quarter of 2025 and the preceding fiscal year are as follows:
Declaration DateRecord DatePayment DateCash Amount (per share)
April 30, 2025May 23, 2025June 20, 2025$0.32
January 30, 2025February 21, 2025March 21, 2025$0.32
September 26, 2024October 25, 2024November 22, 2024$0.29
July 11, 2024July 26, 2024August 23, 2024$0.29
May 2, 2024May 24, 2024June 21, 2024$0.29
January 25, 2024February 23, 2024March 22, 2024$0.29
September 28, 2023October 27, 2023November 9, 2023$0.26
v3.25.2
Goodwill and Intangibles (Tables)
9 Months Ended
Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill by Reportable Segment Appearing in Accompanying Consolidated Balance Sheets
The carrying value of goodwill appearing in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024 was as follows (in thousands):
Infrastructure & Advanced FacilitiesPA ConsultingTotal
Balance September 27, 2024$3,362,760 $1,425,421 $4,788,181 
Foreign currency translation adjustments and other (4,701)36,693 31,992 
Balance June 27, 2025$3,358,059 $1,462,114 $4,820,173 
Schedule of Acquired Intangibles in Accompanying Consolidated Balance Sheets
The following table provides certain information related to the Company’s acquired intangibles in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024 (in thousands):
Customer Relationships, Contracts and BacklogDeveloped TechnologyTrade NamesTotal
Balance September 27, 2024$651,894 $31,515 $191,485 $874,894 
Amortization(96,007)(8,986)(10,953)(115,946)
Foreign currency translation adjustments and other8,106 4,080 12,193 
Balance June 27, 2025$563,993 $22,536 $184,612 $771,141 
Schedule of Estimated Amortization Expense of Intangible Assets
The following table presents estimated amortization expense of intangible assets for the remainder of fiscal 2025 and for the succeeding years.
Fiscal Year(in millions)
2025$40.0 
2026141.0 
2027111.0 
2028100.6 
2029100.6 
Thereafter277.9 
Total$771.1 
v3.25.2
Receivables and Contract Assets (Tables)
9 Months Ended
Jun. 27, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Receivables
The following table presents the components of receivables and contract assets appearing in the accompanying Consolidated Balance Sheets at June 27, 2025 and September 27, 2024, as well as certain other related information (in thousands):
June 27, 2025September 27, 2024
Components of receivables and contract assets:
Amounts billed, net$1,475,699 $1,278,980 
Unbilled receivables and other1,126,147 1,132,980 
Contract assets445,306 433,492 
Total receivables and contract assets, net$3,047,152 $2,845,452 
v3.25.2
Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Jun. 27, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss After-Tax
The following table presents the Company's roll forward of accumulated other comprehensive loss after-tax as of June 27, 2025 (in thousands):
Change in Net Pension Obligation
Foreign Currency Translation Adjustments (1)
Gain/(Loss) on Cash Flow Hedges (2)
Total
Balance at September 27, 2024
$(370,937)$(369,516)$41,003 $(699,450)
Other comprehensive (loss) income (811)45,279 3,274 47,742 
Reclassifications from accumulated other comprehensive loss— — (5,932)(5,932)
Balance at June 27, 2025
$(371,748)$(324,237)$38,345 $(657,640)
(1) Included in foreign currency translation adjustments were $(1.0) million and $(9.8) million in unrealized losses on long-term foreign currency denominated intercompany loans not anticipated to be settled in the foreseeable future for the nine months ended June 27, 2025 and June 28, 2024.
(2) Included in the Company’s cumulative net unrealized gains from interest rate and cross currency swaps recorded in accumulated other comprehensive loss as of June 27, 2025 were approximately $6.3 million in unrealized gains, net of taxes, which are expected to be realized in earnings during the twelve months subsequent to June 27, 2025.
v3.25.2
Borrowings (Tables)
9 Months Ended
Jun. 27, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
At June 27, 2025 and September 27, 2024, long-term debt consisted of the following (principal amounts in thousands):
Interest RateMaturityJune 27, 2025September 27, 2024
Revolving Credit FacilityBenchmark + applicable margin (1)February 2028$655,000 $140,000 
2021 Term Loan Facility - USD Portion
Benchmark + applicable margin (2)
February 2026— 120,000 
2021 Term Loan Facility - GBP Portion
Benchmark + applicable margin (2)
September 2025— 870,415 
2025 Term Loan Facility - USD Portion
Benchmark + applicable margin (3)
March 2027200,000 — 
2025 Term Loan Facility - GBP Portion
Benchmark + applicable margin (3)
March 2027562,971 — 
Fixed-rate:
5.9% Bonds, due 2033
5.9% (4)
March 2033500,000 500,000 
6.35% Bonds, due 2028
6.35%
August 2028600,000 600,000 
Less: Current Portion (5)— (870,415)
Less: Deferred Financing Fees(9,279)(11,406)
Total Long-term debt, net$2,508,692 $1,348,594 
(1)The U.S. dollar denominated borrowings under the Revolving Credit Facility bear interest at either a SOFR rate plus a margin of between 0.975% and 1.725% or a base rate plus a margin of between 0% and 0.625% depending on the Company’s Consolidated Leverage Ratio or Debt Rating (each as defined in the Revolving Credit Facility (defined below)). The interest rate under the Revolving Credit Agreement also incorporates a modest sustainability-linked pricing adjustment, which resulted in a favorable interest rate adjustment to the Company in February 2025. The applicable SOFR rates, including applicable margins, at June 27, 2025 and September 27, 2024 were approximately 5.49% and 6.64%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.908% and 1.658%. There were no amounts drawn in British pounds as of June 27, 2025.
(2)The U.S. dollar denominated borrowings under the 2021 Term Loan Facility bear interest at either a SOFR rate plus a margin of between 0.975% and 1.725% or a base rate plus a margin of between 0% and 0.625% depending on the Company’s Consolidated Leverage Ratio or Debt Rating (each as defined in the Amended and Restated Term Loan Agreement (defined below)). The applicable SOFR rate, including applicable margins, for borrowings denominated in U.S. dollars at September 27, 2024 was approximately 6.52%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.908% and 1.658%, which was approximately 6.23% at September 27, 2024.
(3)Borrowings under the 2025 Term Loan Facility will bear interest at either a SONIA rate or term SOFR rate plus a margin of between 0.975% and 1.60% or a base rate plus a margin of between 0% and 0.50% depending on the Company’s Consolidated Leverage Ratio. The applicable SOFR and SONIA rates, including applicable margins, at June 27, 2025 were approximately 5.43% for borrowings denominated in U.S. dollars and 5.22% for borrowings denominated in British pounds.
(4)The interest rate payable on the 5.90% Bonds (as defined below) may be increased by an additional 12.5 basis points on each of September 1, 2028 and September 1, 2030, based on whether or not the Company achieves the key performance indicators set forth in the First Supplemental Indenture (as defined below). Each key performance indicator is independent of the other. Therefore, we may achieve one, both, or neither.
(5)Balance as of September 27, 2024 is associated with the September 1, 2025 scheduled maturity of the 2021 Term Loan Facility, which was reclassified from long-term debt in September 2024 and subsequently extinguished before March 28, 2025.
v3.25.2
Leases (Tables)
9 Months Ended
Jun. 27, 2025
Leases [Abstract]  
Schedule of Lease Cost
The components of lease expense (reflected in selling, general and administrative expenses ("SG&A")) for the three and nine months ended June 27, 2025 and June 28, 2024 were as follows (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Lease expense
Operating lease expense$27,328 $26,914 $82,389 $84,362 
Variable lease expense7,827 8,090 23,596 25,379 
Sublease income(4,233)(4,831)(14,885)(14,257)
Total lease expense$30,922 $30,173 $91,100 $95,484 
Supplemental information related to the Company's leases for the nine months ended June 27, 2025 and June 28, 2024 was as follows (in thousands):
Nine Months Ended
June 27, 2025June 28, 2024
Cash paid for amounts included in the measurements of lease liabilities$111,809$113,916
Right-of-use assets obtained in exchange for new operating lease liabilities$62,954$30,871
Weighted average remaining lease term - operating leases5.7 years5.7 years
Weighted average discount rate - operating leases3.9%3.6%
Schedule of Operating Lease Maturity
Total remaining lease payments under the Company's leases for the remainder of fiscal 2025 and for the succeeding years are as follows (in thousands):
Fiscal YearOperating Leases
2025$35,544 
2026125,540 
2027104,967 
202886,276 
202965,223 
Thereafter133,327 
550,877 
Less Interest(55,291)
$495,586 
v3.25.2
Pension and Other Postretirement Benefit Plans (Tables)
9 Months Ended
Jun. 27, 2025
Retirement Benefits [Abstract]  
Schedule of Pension Plans' Net Benefit Obligation
The following table presents the components of net periodic pension benefit expense recognized in earnings during the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Component:
Service cost$2,499 $2,261 $7,494 $6,783 
Interest cost21,571 21,560 62,657 64,680 
Expected return on plan assets(26,149)(23,726)(75,877)(71,178)
Amortization of previously unrecognized items3,181 1,949 9,228 5,847 
Total net periodic pension benefit expense recognized$1,102 $2,044 $3,502 $6,132 
Schedule of Certain Information Regarding Cash Contributions
The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2025 (in thousands):
Cash contributions made during the first nine months of fiscal 2025
$35,785 
Cash contributions projected for the remainder of fiscal 2025
1,506 
Total$37,291 
v3.25.2
Discontinued Operations (Tables)
9 Months Ended
Jun. 27, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations The following table represents earnings from discontinued operations, net of tax (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues$(3,197)$1,348,196 $(3,200)$4,119,108 
Direct cost of contracts(1,152,358)— (3,544,808)
Gross (loss) profit
(3,194)195,838 (3,200)574,300 
Selling, general and administrative expense
(518)(106,360)(7,549)(325,013)
Operating (Loss) Profit
(3,712)89,478 (10,749)249,287 
Other income, net
— 207 — 521 
(Loss) Earnings Before Taxes from Discontinued Operations
(3,712)89,685 (10,749)249,808 
Income Tax Benefit (Expense)
1,627 (22,467)2,102 (61,718)
Net (Loss) Earnings of the Group from Discontinued Operations
(2,085)67,218 (8,647)188,090 
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations
— (3,693)— (10,080)
Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations (1)
$(2,085)$63,525 $(8,647)$178,010 
(1)Changes year-over-year were primarily driven by prior year operating results of the SpinCo Business, which were divested and therefore are no longer in Company's financial results in fiscal year 2025.
Notable components included in our Consolidated Statements of Cash Flows for these discontinued operations are as follows (in thousands):
Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Depreciation and amortization:
Property, equipment and improvements$— $4,446 $— $12,237 
Intangible assets$— $14,217 $— $42,574 
Deferred income taxes$2,404 $3,843 $2,404 $(3,694)
Additions to property and equipment$— $(4,007)$— $(9,677)
v3.25.2
PA Consulting Redeemable Noncontrolling Interests (Tables)
9 Months Ended
Jun. 27, 2025
PA Consulting Group Limited  
Business Combination [Line Items]  
Schedule of Redeemable Noncontrolling Interest
Changes in the redeemable noncontrolling interests during the nine months ended June 27, 2025 are as follows (in thousands):
Balance at September 27, 2024$820,182 
Accrued Preferred Dividend to Preference Shareholders59,792 
Attribution of Preferred Dividend to Common Shareholders(59,792)
Net earnings attributable to redeemable noncontrolling interests to Common Shareholders18,539 
Redeemable Noncontrolling interests redemption value adjustment68,031 
Repurchase of redeemable noncontrolling interests(11,003)
Cumulative translation adjustments and other
12,603 
Balance at June 27, 2025$908,352 
v3.25.2
Restructuring and Other Charges (Tables)
9 Months Ended
Jun. 27, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges Impacts on Reportable Segment Income by Line of Business
The following table summarizes the impacts of the Restructuring and other charges by operating segment for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Infrastructure & Advanced Facilities
$22,254 $50,770 $47,398 $120,327 
PA Consulting— 3,201 259 7,360 
Total (1)
$22,254 $53,971 $47,657 $127,687 

(1)The three and nine months ended June 27, 2025 and June 28, 2024 included approximately $22.0 million and $47.1 million, respectively, and $50.8 million and $120.3 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), which were included in operating profit in the Company's Consolidated Statement of Earnings (mainly in SG&A).
Schedule of Restructuring and Other Activities
The activity in the Company’s accruals for Restructuring and other charges for the nine months ended June 27, 2025 is as follows (in thousands):
Balance at September 27, 2024
$44,935 
Net Charges (Credits) 47,657 
Payments and other(72,701)
Balance at June 27, 2025$19,891 
Schedule of Restructuring and Other Activities by Major Type of Costs
The following table summarizes the Restructuring and other charges by major type of costs for the three and nine months ended June 27, 2025 and June 28, 2024 (in thousands):
Three Months EndedNine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Lease Abandonments and Impairments$— $— $— $49 
Terminations15,556 22,304 20,444 44,211 
Outside Services (1)
6,684 27,906 23,052 71,198 
Other (2)
14 3,761 4,161 12,229 
Total
$22,254 $53,971 $47,657 $127,687 
(1) Amounts in the three and nine months ended June 27, 2025 and June 28, 2024 are mainly comprised of professional services relating to the Separation Transaction.
(2) Amounts in the three and nine months ended June 27, 2025 and June 28, 2024 are comprised of charges relating to the Separation Transaction.
Schedule of Cumulative Amounts Incurred for Restructuring and Other Activities Costs
Cumulative amounts incurred to date for restructuring and other programs that were active as of June 27, 2025 by each major type of cost are as follows (in thousands):
Terminations$99,732 
Outside Services156,868 
Other (1)
61 
Total$256,661 
(1)Cumulative amount includes a $35.2 million realized gain on interest rate swaps settled during the fourth quarter of fiscal 2024.
v3.25.2
Segment Information (Tables)
9 Months Ended
Jun. 27, 2025
Segment Reporting [Abstract]  
Schedule of Total Revenues, Segment Operating Profit and Total Asset for Reporting Segment
The following tables present total revenues and segment operating profit from continuing operations for each reportable segment (in thousands) and includes a reconciliation of segment operating profit to total U.S. GAAP operating profit by including certain corporate-level expenses, Restructuring and other charges (as defined in Note 17- Restructuring and Other Charges) and transaction and integration costs (in thousands).
For the Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Revenues from External Customers:
Infrastructure & Advanced Facilities (1)$2,699,062 $2,595,113 $7,928,023 $7,652,552 
PA Consulting332,706 288,271 947,116 888,239 
              Total$3,031,768 $2,883,384 $8,875,139 $8,540,791 
For the Three Months EndedFor the Nine Months Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Segment Operating Profit:
Infrastructure & Advanced Facilities (1)$235,975 $208,171 $649,514 $579,659 
PA Consulting72,418 62,889 206,502 177,513 
Total Segment Operating Profit308,393 271,060 856,016 757,172 
Restructuring, Transaction and Other Charges (2)
(34,134)(61,762)(87,991)(147,223)
Amortization of Intangible Assets(39,245)(38,312)(115,946)(113,718)
Total U.S. GAAP Operating Profit235,014 170,986 652,079 496,231 
Total Other Income (Expense), net (3)
10,090 (34,521)(298,006)(112,551)
Earnings from Continuing Operations Before Taxes$245,104 $136,465 $354,073 $383,680 
(1)
The nine months ended June 27, 2025 I&AF revenue and operating profit were impacted by a reserve in connection with an unfavorable interim ruling against a consolidated joint venture in which the Company holds a 50% interest (the "Consolidated JV Matter"), with the noncontrolling partner’s share included in noncontrolling interests in the Consolidated Statements of Earnings for the respective period.
(2)
The three and nine months ended June 27, 2025 and June 28, 2024 included $22.0 million and $47.1 million, respectively, and $50.8 million and $120.3 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs), as well as certain subsidiary level compensation based agreements. The three and nine months ended June 27, 2025 included approximately $4.7 million and $20.9 million, respectively, in charges associated with the Company's TSA with Amentum.
(3)
The three and nine months ended June 27, 2025 included gains of $27.4 million and losses of $227.3 million, respectively, mainly related to mark-to-market adjustments and other related charges associated with our investment in Amentum stock in connection with the Separation Transaction, as well as $9.8 million and $31.5 million, respectively, in income associated with the Company's TSA with Amentum (see Note 15- Discontinued Operations). The nine months ended June 27, 2025 included $20.5 million in discounts and expenses associated with the Equity-for-Debt Transaction (see Note 12- Borrowings and Note 15- Discontinued Operations).
v3.25.2
Basis of Presentation (Details) - $ / shares
Sep. 27, 2024
Jun. 27, 2025
Business Combination [Line Items]    
Common stock, par value (in dollars per share) $ 1 $ 1
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business    
Business Combination [Line Items]    
Stock issued during period, spinoff transaction ( in shares) 124,084,108  
Common stock, par value (in dollars per share) $ 0.01  
Shares issued during period, spinoff, conversion ratio (in shares) 1  
v3.25.2
Revenue Accounting for Contracts - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Disaggregation of Revenue [Line Items]        
Revenues $ 3,031,768 $ 2,883,384 $ 8,875,139 $ 8,540,791
United States        
Disaggregation of Revenue [Line Items]        
Revenues 1,862,762 1,809,939 5,471,774 5,316,903
Europe        
Disaggregation of Revenue [Line Items]        
Revenues 726,478 671,375 2,136,581 2,026,806
Canada        
Disaggregation of Revenue [Line Items]        
Revenues 66,341 66,849 180,491 191,392
Asia        
Disaggregation of Revenue [Line Items]        
Revenues 36,827 31,619 105,599 96,379
India        
Disaggregation of Revenue [Line Items]        
Revenues 50,691 37,946 132,138 110,963
Australia and New Zealand        
Disaggregation of Revenue [Line Items]        
Revenues 139,696 135,228 410,239 407,215
Middle East and Africa        
Disaggregation of Revenue [Line Items]        
Revenues $ 148,973 $ 130,428 $ 438,317 $ 391,133
v3.25.2
Revenue Accounting for Contracts - Contract Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Revenue from Contract with Customer [Abstract]        
Revenue recognized included in contract liability $ 97.0 $ 49.6 $ 680.0 $ 487.0
v3.25.2
Revenue Accounting for Contracts - Remaining Performance Obligations (Details)
$ in Billions
Jun. 27, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, amounts $ 15.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-06-28  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, percentage 51.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-06-27  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, percentage 49.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period
v3.25.2
Earnings Per Share and Certain Related Information - Schedule of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Numerator for Basic and Diluted EPS:        
Net earnings attributable to Jacobs from continuing operations $ 181,234 $ 82,924 $ 175,266 $ 303,505
Redeemable Noncontrolling interests redemption value adjustment (See Note 16- PA Consulting Redeemable Noncontrolling Interests) 6,605 (20) 12,417 1,746
Net earnings from continuing operations allocated to common stock for EPS calculation 187,839 82,904 187,683 305,251
Net (loss) earnings from discontinued operations allocated to common stock for EPS calculation (1,629) 64,010 (8,180) 177,152
Net earnings allocated to common stock for EPS calculation $ 186,210 $ 146,914 $ 179,503 $ 482,403
Denominator for Basic and Diluted EPS:        
Shares used for calculating basic EPS attributable to common stock (in shares) 120,084 125,163 122,132 125,660
Effect of dilutive securities:        
Stock compensation plans (in shares) 407 453 450 553
Shares used for calculating diluted EPS attributable to common stock (in shares) 120,491 125,616 122,582 126,213
Basic Earnings Per Share        
Basic Net Earnings from Continuing Operations Per Share (in dollars per share) $ 1.56 $ 0.66 $ 1.54 $ 2.43
Basic Net (Loss) Earnings from Discontinued Operations Per Share (in dollars per share) (0.01) 0.51 (0.07) 1.41
Basic Earnings Per Share (in dollars per share) 1.55 1.17 1.47 3.84
Diluted Earnings Per Share        
Diluted Net Earnings from Continuing Operations Per Share (in dollars per share) 1.56 0.66 1.53 2.42
Diluted Net (Loss) Earnings from Discontinued Operations Per Share (in dollars per share) (0.01) 0.51 (0.07) 1.40
Diluted Earnings Per Share (in dollars per share) $ 1.55 $ 1.17 $ 1.46 $ 3.82
v3.25.2
Earnings Per Share and Certain Related Information - Narrative (Details) - USD ($)
3 Months Ended
Jul. 31, 2025
Jun. 27, 2025
Mar. 28, 2025
Jun. 28, 2024
Mar. 29, 2024
Sep. 29, 2023
Jan. 30, 2025
Jan. 25, 2023
Jan. 16, 2020
Class of Stock [Line Items]                  
Dividend declared (in dollars per share)   $ 0.32 $ 0.32 $ 0.29 $ 0.29 $ 0.26      
Subsequent Event                  
Class of Stock [Line Items]                  
Dividend declared (in dollars per share) $ 0.32                
2020 Stock Repurchase Program                  
Class of Stock [Line Items]                  
Amount authorized to be repurchased                 $ 1,000,000,000.0
2023 Stock Repurchase Program                  
Class of Stock [Line Items]                  
Amount authorized to be repurchased   $ 1,000,000,000           $ 1,000,000,000.0  
2025 Stock Repurchase Program                  
Class of Stock [Line Items]                  
Amount authorized to be repurchased   1,500,000,000         $ 1,500,000,000    
Remaining authorized repurchase amount   $ 1,300,000,000              
v3.25.2
Earnings Per Share and Certain Related Information - Schedule of Share Repurchases (Details) - USD ($)
3 Months Ended
Jun. 27, 2025
Jan. 30, 2025
Jan. 25, 2023
2023 Stock Repurchase Program      
Class of Stock [Line Items]      
Amount Authorized $ 1,000,000,000   $ 1,000,000,000.0
Average Price Per Share (in dollars per share) $ 133.51    
Total Shares Repurchased and Retired (in shares) 3,570,275    
2025 Stock Repurchase Program      
Class of Stock [Line Items]      
Amount Authorized $ 1,500,000,000 $ 1,500,000,000  
Average Price Per Share (in dollars per share) $ 124.29    
Total Shares Repurchased and Retired (in shares) 1,420,821    
v3.25.2
Earnings Per Share and Certain Related Information - Schedule of Dividends (Details) - $ / shares
3 Months Ended
Jun. 27, 2025
Mar. 28, 2025
Sep. 27, 2024
Jun. 28, 2024
Mar. 29, 2024
Sep. 29, 2023
Dividends Payable [Line Items]            
Dividend declared (in dollars per share) $ 0.32 $ 0.32   $ 0.29 $ 0.29 $ 0.26
O 2024 Q4 A Dividends            
Dividends Payable [Line Items]            
Dividend declared (in dollars per share)     $ 0.29      
O 2024 Q4 B Dividends            
Dividends Payable [Line Items]            
Dividend declared (in dollars per share)     $ 0.29      
v3.25.2
Goodwill and Intangibles - Schedule of Carrying Value of Goodwill by Reportable Segment Appearing in Accompanying Consolidated Balance Sheets (Details)
$ in Thousands
9 Months Ended
Jun. 27, 2025
USD ($)
Goodwill [Roll Forward]  
Balance at the beginning of the period $ 4,788,181
Foreign currency translation adjustments and other 31,992
Balance at the end of the period 4,820,173
Infrastructure & Advanced Facilities  
Goodwill [Roll Forward]  
Balance at the beginning of the period 3,362,760
Foreign currency translation adjustments and other (4,701)
Balance at the end of the period 3,358,059
PA Consulting  
Goodwill [Roll Forward]  
Balance at the beginning of the period 1,425,421
Foreign currency translation adjustments and other 36,693
Balance at the end of the period $ 1,462,114
v3.25.2
Goodwill and Intangibles - Schedule of Acquired Intangibles in Accompanying Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Finite-lived Intangible Assets [Roll Forward]        
Beginning balance     $ 874,894  
Amortization $ (39,245) $ (38,312) (115,946) $ (113,718)
Foreign currency translation adjustments and other     12,193  
Ending balance 771,141   771,141  
Customer Relationships, Contracts and Backlog        
Finite-lived Intangible Assets [Roll Forward]        
Beginning balance     651,894  
Amortization     (96,007)  
Foreign currency translation adjustments and other     8,106  
Ending balance 563,993   563,993  
Developed Technology        
Finite-lived Intangible Assets [Roll Forward]        
Beginning balance     31,515  
Amortization     (8,986)  
Foreign currency translation adjustments and other     7  
Ending balance 22,536   22,536  
Trade Names        
Finite-lived Intangible Assets [Roll Forward]        
Beginning balance     191,485  
Amortization     (10,953)  
Foreign currency translation adjustments and other     4,080  
Ending balance $ 184,612   $ 184,612  
v3.25.2
Goodwill and Intangibles - Schedule of Estimated Amortization Expense of Intangible Assets (Details) - USD ($)
$ in Thousands
Jun. 27, 2025
Sep. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2025 $ 40,000  
2026 141,000  
2027 111,000  
2028 100,600  
2029 100,600  
Thereafter 277,900  
Total $ 771,141 $ 874,894
v3.25.2
Receivables and Contract Assets (Details) - USD ($)
$ in Thousands
Jun. 27, 2025
Sep. 27, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]    
Amounts billed, net $ 1,475,699 $ 1,278,980
Unbilled receivables and other 1,126,147 1,132,980
Contract assets 445,306 433,492
Total receivables and contract assets, net $ 3,047,152 $ 2,845,452
v3.25.2
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 4,567,303 $ 6,600,082
Ending balance 3,831,250 6,676,430
Foreign currency translation adjustment (1,000) (9,800)
Interest rate and cross currency swap gains to be reclassified during the next 12 months 6,300  
Total    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (699,450) (857,954)
Other comprehensive (loss) income 47,742  
Reclassifications from accumulated other comprehensive loss (5,932)  
Ending balance (657,640) $ (806,415)
Change in Net Pension Obligation    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (370,937)  
Other comprehensive (loss) income (811)  
Reclassifications from accumulated other comprehensive loss 0  
Ending balance (371,748)  
Foreign Currency Translation Adjustment    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (369,516)  
Other comprehensive (loss) income 45,279  
Reclassifications from accumulated other comprehensive loss 0  
Ending balance (324,237)  
Gain/(Loss) on Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 41,003  
Other comprehensive (loss) income 3,274  
Reclassifications from accumulated other comprehensive loss (5,932)  
Ending balance $ 38,345  
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Income Tax Disclosure [Abstract]        
Effective income tax rate 21.90% 33.20% 45.60% 14.90%
U.S tax unfavorable tax impacts     $ 63.1  
Change in indefinite reinvestment assertion in foreign subsidiary       $ 61.6
v3.25.2
Joint Ventures, VIEs and Other Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Sep. 27, 2024
Variable Interest Entity [Line Items]          
Assets $ 11,412,840   $ 11,412,840   $ 11,759,005
Net (loss) income from equity method investments     503 $ 13,554  
Variable Interest Entity, Primary Beneficiary          
Variable Interest Entity [Line Items]          
Assets 157,200   157,200   161,900
Consolidated liabilities 132,900   132,900   122,700
VIE, not primary beneficiary          
Variable Interest Entity [Line Items]          
Assets 141,000   141,000   138,800
Consolidated liabilities 129,000   129,000   138,000
Equity method investments 36,400   36,400   36,600
Net (loss) income from equity method investments 2,600 $ 2,100 6,100 $ 8,600  
Accounts receivable from unconsolidated joint ventures accounted for under the equity method $ 14,700   $ 14,700   $ 12,300
v3.25.2
Borrowings - Schedule of Long-term Debt (Details)
$ in Thousands
9 Months Ended
Jun. 27, 2025
USD ($)
Aug. 18, 2023
Feb. 16, 2023
Jun. 27, 2025
USD ($)
Jun. 27, 2025
GBP (£)
Sep. 27, 2024
USD ($)
Debt Instrument [Line Items]            
Long-term debt $ 2,508,692     $ 2,508,692   $ 1,348,594
Less: Current Portion 0     0   (870,415)
Less: Deferred Financing Fees (9,279)     (9,279)   (11,406)
2021 Term Loan Facility - USD Portion            
Debt Instrument [Line Items]            
Long-term debt 0     $ 0   120,000
2021 Term Loan Facility - USD Portion | Base Rate | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.00%    
2021 Term Loan Facility - USD Portion | Base Rate | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.625%    
2021 Term Loan Facility - GBP Portion            
Debt Instrument [Line Items]            
Long-term debt 0     $ 0   $ 870,415
2021 Term Loan Facility - GBP Portion | Sterling Overnight Interbank Average Rate (SONIA)            
Debt Instrument [Line Items]            
Effective interest rate           6.23%
2021 Term Loan Facility - GBP Portion | Sterling Overnight Interbank Average Rate (SONIA) | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.908%    
2021 Term Loan Facility - GBP Portion | Sterling Overnight Interbank Average Rate (SONIA) | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       1.658%    
2025 Term Loan Facility - USD Portion            
Debt Instrument [Line Items]            
Long-term debt 200,000     $ 200,000   $ 0
2025 Term Loan Facility - GBP Portion            
Debt Instrument [Line Items]            
Long-term debt 562,971     562,971   0
5.90% Bonds | Senior Notes            
Debt Instrument [Line Items]            
Long-term debt $ 500,000     $ 500,000   500,000
Interest rate 5.90%   5.90% 5.90% 5.90%  
Interest rate, increase (decrease) over period     0.35%      
5.90% Bonds | Senior Notes | First Step Up Date            
Debt Instrument [Line Items]            
Interest rate 5.90%     5.90% 5.90%  
Interest rate, increase (decrease) over period       0.125%    
6.35% Bonds | Senior Notes            
Debt Instrument [Line Items]            
Long-term debt $ 600,000     $ 600,000   $ 600,000
Interest rate 6.35% 6.35%   6.35% 6.35%  
Interest rate, increase (decrease) over period   0.30%        
2021 Term Loan Facility - USD Portion | Secured Overnight Financing Rate (SOFR) | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.975%    
2021 Term Loan Facility - USD Portion | Secured Overnight Financing Rate (SOFR) | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       1.725%    
2021 Term Loan Facility - USD Portion | London Interbank Offered Rate (LIBOR)            
Debt Instrument [Line Items]            
Effective interest rate           6.52%
Revolving Credit Facility            
Debt Instrument [Line Items]            
Long-term debt $ 655,000     $ 655,000 £ 0 $ 140,000
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Effective interest rate 5.49%     5.49% 5.49%  
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.975%    
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       1.725%    
Revolving Credit Facility | Base Rate | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.00%    
Revolving Credit Facility | Base Rate | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.625%    
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)            
Debt Instrument [Line Items]            
Effective interest rate           6.64%
Revolving Credit Facility | Sterling Overnight Interbank Average Rate (SONIA) | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.908%    
Revolving Credit Facility | Sterling Overnight Interbank Average Rate (SONIA) | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       1.658%    
Revolving Credit Facility | 2025 Term Loan Facility - USD Portion            
Debt Instrument [Line Items]            
Effective interest rate 5.43%     5.43% 5.43%  
Revolving Credit Facility | 2025 Term Loan Facility - GBP Portion            
Debt Instrument [Line Items]            
Effective interest rate 5.22%     5.22% 5.22%  
Revolving Credit Facility | 2025 Term Loan Facility | Secured Overnight Financing Rate (SOFR) | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 0.975%          
Revolving Credit Facility | 2025 Term Loan Facility | Secured Overnight Financing Rate (SOFR) | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 1.60%          
Revolving Credit Facility | 2025 Term Loan Facility | Base Rate | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 0.00%          
Revolving Credit Facility | 2025 Term Loan Facility | Base Rate | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate 0.50%          
v3.25.2
Borrowings - Narrative (Details)
$ in Thousands, € in Millions, £ in Millions, shares in Millions
3 Months Ended 9 Months Ended
Mar. 27, 2025
USD ($)
Mar. 27, 2025
GBP (£)
Mar. 13, 2025
USD ($)
shares
Aug. 18, 2023
USD ($)
Feb. 16, 2023
USD ($)
Feb. 06, 2023
USD ($)
Feb. 06, 2023
GBP (£)
Jun. 27, 2025
USD ($)
Jun. 28, 2024
USD ($)
Jun. 27, 2025
USD ($)
Jun. 28, 2024
USD ($)
Mar. 27, 2025
EUR (€)
Mar. 13, 2025
EUR (€)
Sep. 27, 2024
USD ($)
Debt Instrument [Line Items]                            
Proceeds from long-term borrowings                   $ 2,173,201 $ 2,224,577      
Loss on extinguishment of debt               $ 0 $ 0 20,510 $ 0      
Line of Credit                            
Debt Instrument [Line Items]                            
Current maturities of long-term debt               $ 229,800   $ 229,800       $ 306,200
Letter of Credit                            
Debt Instrument [Line Items]                            
Credit facility, maximum borrowing capacity           $ 400,000                
Sub Facility Of Swing Line Loans                            
Debt Instrument [Line Items]                            
Credit facility, maximum borrowing capacity           100,000                
5.90% Bonds | Senior Notes                            
Debt Instrument [Line Items]                            
Interest rate         5.90%     5.90%   5.90%        
Long-term debt, fair value               $ 516,300   $ 516,300        
Aggregate principal amount         $ 500,000                  
Interest rate, increase (decrease) over period         0.35%                  
Redemption price percentage         100.00%                  
6.35% Bonds | Senior Notes                            
Debt Instrument [Line Items]                            
Interest rate       6.35%       6.35%   6.35%        
Long-term debt, fair value               $ 627,300   $ 627,300        
Aggregate principal amount       $ 600,000                    
Interest rate, increase (decrease) over period       0.30%                    
Redemption price percentage       100.00%                    
Unsecured Revolving Credit Facility February 6, 2023 | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Credit facility, maximum borrowing capacity           2,250,000                
2021 Term Loan Facility                            
Debt Instrument [Line Items]                            
Proceeds from long-term borrowings           $ 200,000 £ 650.0              
Long-term line of credit $ 531,600                          
2021 Term Loan Facility | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Loss on extinguishment of debt     $ 20,500             20,500        
2021 Term Loan Facility | Revolving Credit Facility | Common Stock                            
Debt Instrument [Line Items]                            
Debt conversion, converted instrument, shares issued (in shares) | shares     19.5                      
Convertible debt     $ 311,500                   € 239.8  
2025 Term Loan Facility                            
Debt Instrument [Line Items]                            
Proceeds from long-term borrowings $ 200,000 £ 410.0                        
Debt instrument, term 2 years 2 years                        
Long-term line of credit $ 120,000                     € 410.2    
Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Available borrowing capacity               1,590,000   1,590,000        
Revolving Credit Facility | Letter of Credit                            
Debt Instrument [Line Items]                            
Long-term line of credit               300   300        
Committed and Uncommitted Letter-of-Credit Facilities | Letter of Credit                            
Debt Instrument [Line Items]                            
Long-term line of credit               $ 229,500   $ 229,500        
v3.25.2
Leases - Schedule of Lease Cost (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Leases [Abstract]        
Operating lease expense $ 27,328 $ 26,914 $ 82,389 $ 84,362
Variable lease expense 7,827 8,090 23,596 25,379
Sublease income (4,233) (4,831) (14,885) (14,257)
Total lease expense $ 30,922 $ 30,173 $ 91,100 $ 95,484
v3.25.2
Leases - Schedule of Supplemental Cash Flow (Details) - USD ($)
$ in Thousands
9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Leases [Abstract]    
Cash paid for amounts included in the measurements of lease liabilities $ 111,809 $ 113,916
Right-of-use assets obtained in exchange for new operating lease liabilities $ 62,954 $ 30,871
Weighted average remaining lease term - operating leases 5 years 8 months 12 days 5 years 8 months 12 days
Weighted average discount rate - operating leases 3.90% 3.60%
v3.25.2
Leases - Schedule of Operating Lease Maturity (Details)
$ in Thousands
Jun. 27, 2025
USD ($)
Leases [Abstract]  
2025 $ 35,544
2026 125,540
2027 104,967
2028 86,276
2029 65,223
Thereafter 133,327
Remaining lease payments under operating leases 550,877
Less Interest (55,291)
Operating lease liabilities $ 495,586
v3.25.2
Pension and Other Postretirement Benefit Plans - Schedule of Pension Plans' Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Component:        
Service cost $ 2,499 $ 2,261 $ 7,494 $ 6,783
Interest cost 21,571 21,560 62,657 64,680
Expected return on plan assets (26,149) (23,726) (75,877) (71,178)
Amortization of previously unrecognized items 3,181 1,949 9,228 5,847
Total net periodic pension benefit expense recognized $ 1,102 $ 2,044 $ 3,502 $ 6,132
v3.25.2
Pension and Other Postretirement Benefit Plans - Schedule of Certain Information Regarding Cash Contributions (Details)
$ in Thousands
9 Months Ended
Jun. 27, 2025
USD ($)
Retirement Benefits [Abstract]  
Cash contributions made during the first nine months of fiscal 2025 $ 35,785
Cash contributions projected for the remainder of fiscal 2025 1,506
Total $ 37,291
v3.25.2
Discontinued Operations - Narrative (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2025
Apr. 10, 2025
Apr. 07, 2025
Mar. 14, 2025
Sep. 27, 2024
Apr. 26, 2019
Mar. 28, 2025
Feb. 28, 2025
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Investment in equity securities         $ 749,468       $ 0   $ 0  
Miscellaneous income (expense), net                 38,844 $ 1,550 (194,523) $ (5,118)
Fair value mark-to-market, amount                 27,400   227,300  
Transition services agreement, expenses incurred                 9,800   31,500  
Net (loss) earnings attributable to Jacobs from discontinued operations                 (1,629) 64,010 (8,180) 177,152
Worley Stock                        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Ordinary shares included in purchase price           $ 58,200            
Net (loss) earnings attributable to Jacobs from discontinued operations                 500 500 500 (900)
Worley                        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Consideration transferred           3,400,000            
Consideration paid in cash           $ 2,800,000            
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Amentum Holdings, Inc.                        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Discontinued operation, remaining shares held in escrow (in shares)     9,700,000                  
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business                        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Stock issued during period, spinoff transaction ( in shares)         124,084,108              
Shares issued during period, spinoff, conversion ratio (in shares)         1              
Cash received from SpinCo business         $ 911,000              
Discontinued operation, working capital adjustment             $ 70,000          
Discontinued operation, working capital adjustment, reduction in recorded receivable             $ 24,000          
Discontinued operation, receivable balance collected   $ 70,000                    
Discontinued operation, remaining shares held in escrow (in shares) 7,300,000   7,300,000                  
Net (loss) earnings attributable to Jacobs from discontinued operations                 (2,085) $ 63,525 (8,647) $ 178,010
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business | Amentum Holdings, Inc.                        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                        
Equity method investment retained, shares owned after disposal (in shares)         29,200,000              
Equity method investment retained, shares transferred to escrow (in shares)         10,900,000              
Discontinued operation, remaining shares held in escrow (in shares)     2,400,000 9,700,000 18,300,000              
Investment in equity securities         $ 749,500              
Discontinued operation, entitled to receive shares held in escrow (in shares)               1,200,000        
Miscellaneous income (expense), net     $ 21,900                  
Transition services agreement, expenses incurred                 $ 9,800   $ 31,500  
v3.25.2
Discontinued Operations- Schedule of Earnings (Loss) From Discontinued Operations, Net of tax (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]        
Net (Loss) Earnings of the Group from Discontinued Operations $ (1,629) $ 67,703 $ (8,180) $ 187,232
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations 0 (3,693) 0 (10,080)
Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations (1,629) 64,010 (8,180) 177,152
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business        
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]        
Revenues (3,197) 1,348,196 (3,200) 4,119,108
Direct cost of contracts 3      
Direct cost of contracts   (1,152,358) 0 (3,544,808)
Gross (loss) profit (3,194) 195,838 (3,200) 574,300
Selling, general and administrative expense (518) (106,360) (7,549) (325,013)
Operating (Loss) Profit (3,712) 89,478 (10,749) 249,287
Other income, net 0 207 0 521
(Loss) Earnings Before Taxes from Discontinued Operations (3,712) 89,685 (10,749) 249,808
Income Tax Benefit (Expense) 1,627 (22,467) 2,102 (61,718)
Net (Loss) Earnings of the Group from Discontinued Operations (2,085) 67,218 (8,647) 188,090
Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations 0 (3,693) 0 (10,080)
Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations $ (2,085) $ 63,525 $ (8,647) $ 178,010
v3.25.2
Discontinued Operations - Schedule of Notable Components Included In Consolidated Statements of Cash Flows For These Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Intangible assets     $ 115,946 $ 156,292
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Property, equipment and improvements $ 0 $ 4,446 0 12,237
Intangible assets 0 14,217 0 42,574
Deferred income taxes 2,404 3,843 2,404 (3,694)
Additions to property and equipment $ 0 $ (4,007) $ 0 $ (9,677)
v3.25.2
PA Consulting Redeemable Noncontrolling Interests - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Sep. 27, 2024
Business Combination [Line Items]      
Repurchase of redeemable noncontrolling interests $ 8,472 $ 41,788  
Proceeds from issuances of redeemable noncontrolling interests $ 0 $ 19,761  
Preference share effect on basic earnings per share (in dollars per share) $ 0.10 $ 0.01  
PA Consulting Group Limited      
Business Combination [Line Items]      
Cash in employee benefit trust $ 2,700   $ 2,100
Equity-Based Incentive Grants      
Business Combination [Line Items]      
Accrued cumulative expense associated with the vested grants 50,600   $ 28,400
Allocated share-based compensation expense $ 20,600 $ 11,500  
Share-Based Payment Arrangement, Tranche One | Equity-Based Incentive Grants      
Business Combination [Line Items]      
Award vesting percentage 40.00%    
Share-Based Payment Arrangement, Tranche Two | Equity-Based Incentive Grants      
Business Combination [Line Items]      
Award vesting percentage 60.00%    
PA Consulting Employees      
Business Combination [Line Items]      
Ownership interest of employees 71.00%   70.00%
v3.25.2
PA Consulting Redeemable Noncontrolling Interests - Schedule of Change in Redeemable Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]        
Redeemable noncontrolling interest, beginning balance     $ 17,836  
Attribution of Preferred Dividend to Common Shareholders $ (3,929) $ (3,262) (7,398) $ (17,342)
Redeemable noncontrolling interest, ending balance 9,229   9,229  
PA Consulting Employees        
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]        
Redeemable noncontrolling interest, beginning balance     820,182  
Accrued Preferred Dividend to Preference Shareholders     59,792  
Attribution of Preferred Dividend to Common Shareholders     (59,792)  
Net earnings attributable to redeemable noncontrolling interests to Common Shareholders     18,539  
Redeemable Noncontrolling interests redemption value adjustment     68,031  
Repurchase of redeemable noncontrolling interests     (11,003)  
Cumulative translation adjustments and other     12,603  
Redeemable noncontrolling interest, ending balance $ 908,352   $ 908,352  
v3.25.2
Restructuring and Other Charges - Schedule of Restructuring and Other Charges Impacts on Reportable Segment Income by Line of Business (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Restructuring Cost and Reserve [Line Items]        
Restructuring and other charges     $ 47,657  
CH2M HILL Companies, Ltd.        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other charges $ 22,254 $ 53,971 47,657 $ 127,687
CH2M HILL Companies, Ltd. | Professional Services and Employee Seperation        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other charges 22,000 50,800 47,100 120,300
CH2M HILL Companies, Ltd. | Infrastructure & Advanced Facilities | Operating Segments        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other charges 22,254 50,770 47,398 120,327
CH2M HILL Companies, Ltd. | PA Consulting | Operating Segments        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other charges $ 0 $ 3,201 $ 259 $ 7,360
v3.25.2
Restructuring and Other Charges - Schedule of Restructuring and Other Activities (Details)
$ in Thousands
9 Months Ended
Jun. 27, 2025
USD ($)
Restructuring Reserve [Roll Forward]  
Beginning balance $ 44,935
Net Charges (Credits) 47,657
Payments and other (72,701)
Ending balance $ 19,891
v3.25.2
Restructuring and Other Charges - Schedule of Restructuring and Other Activities by Major Type of Costs (Details) - CH2M Hill, KeyM, John Wood Group Acquisitions and ECR Sale - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Restructuring Cost and Reserve [Line Items]        
Restructuring costs $ 22,254 $ 53,971 $ 47,657 $ 127,687
Lease Abandonments and Impairments        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs 0 0 0 49
Terminations        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs 15,556 22,304 20,444 44,211
Outside Services        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs 6,684 27,906 23,052 71,198
Other        
Restructuring Cost and Reserve [Line Items]        
Restructuring costs $ 14 $ 3,761 $ 4,161 $ 12,229
v3.25.2
Restructuring and Other Charges - Schedule of Cumulative Amounts Incurred for Restructuring and Other Activities Costs (Details) - USD ($)
$ in Thousands
3 Months Ended
Sep. 27, 2024
Jun. 27, 2025
Restructuring Cost and Reserve [Line Items]    
Cumulative amounts incurred to date   $ 256,661
Interest Rate Swap    
Restructuring Cost and Reserve [Line Items]    
Derivative, gain on derivative $ 35,200  
Terminations    
Restructuring Cost and Reserve [Line Items]    
Cumulative amounts incurred to date   99,732
Outside Services    
Restructuring Cost and Reserve [Line Items]    
Cumulative amounts incurred to date   156,868
Other    
Restructuring Cost and Reserve [Line Items]    
Other   $ 61
v3.25.2
Commitments and Contingencies and Derivative Financial Instruments (Details)
$ in Millions
9 Months Ended 12 Months Ended
Feb. 13, 2023
USD ($)
Jun. 27, 2025
USD ($)
Sep. 27, 2024
USD ($)
Oct. 02, 2020
Sep. 30, 2022
USD ($)
instrument
Loss Contingencies [Line Items]          
Term of derivative contract     10 years    
Surety Bond          
Loss Contingencies [Line Items]          
Current maturities of long-term debt   $ 2,700.0 $ 2,300.0    
Line of Credit          
Loss Contingencies [Line Items]          
Current maturities of long-term debt   229.8 306.2    
Treasury Lock          
Loss Contingencies [Line Items]          
Number of instruments held | instrument         2
Derivative notional amount         $ 500.0
Gain on derivatives, before taxes $ 37.4        
Unrealized gain (loss) on derivatives   21.6 23.6    
Treasury Lock | Fixed Rate Date          
Loss Contingencies [Line Items]          
Derivative fixed interest rate 5.90%        
Aggregate principal amount $ 500.0        
Interest Rate Swap          
Loss Contingencies [Line Items]          
Derivative notional amount   200.0 200.0    
Unrealized gain (loss) on derivatives   $ 16.8 17.4    
Term of derivative contract   1 year      
Derivative assets (liabilities), at fair value   $ 22.0 23.0    
Interest Rate Swap | Minimum          
Loss Contingencies [Line Items]          
Term of derivative contract       5 years  
Interest Rate Swap | Maximum          
Loss Contingencies [Line Items]          
Term of derivative contract       10 years  
Foreign Exchange Forward          
Loss Contingencies [Line Items]          
Derivative notional amount   1,080.0 827.3    
Derivative assets (liabilities), at fair value   15.3 15.3    
Foreign Exchange Forward | Current Assets          
Loss Contingencies [Line Items]          
Derivative assets (liabilities), at fair value   17.0 15.8    
Foreign Exchange Forward | Current Liabilities          
Loss Contingencies [Line Items]          
Derivative assets (liabilities), at fair value   $ (1.7) $ (0.5)    
Foreign Exchange Forward | Minimum          
Loss Contingencies [Line Items]          
Term of derivative contract   1 month      
Foreign Exchange Forward | Maximum          
Loss Contingencies [Line Items]          
Term of derivative contract   6 months      
v3.25.2
Segment Information - Narrative (Details)
9 Months Ended
Jun. 27, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 2
v3.25.2
Segment Information - Schedule of Total Revenues, Segment Operating Profit and Total Asset for Reporting Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 13, 2025
Jun. 27, 2025
Jun. 28, 2024
Jun. 27, 2025
Jun. 28, 2024
Revenues from External Customers:          
Revenues   $ 3,031,768 $ 2,883,384 $ 8,875,139 $ 8,540,791
Segment Operating Profit:          
Total Segment Operating Profit   235,014 170,986 652,079 496,231
Restructuring, Transaction and Other Charges   (34,134) (61,762) (87,991) (147,223)
Amortization of Intangible Assets   (39,245) (38,312) (115,946) (113,718)
Total Other Income (Expense), net   10,090 (34,521) (298,006) (112,551)
Earnings from Continuing Operations Before Taxes   245,104 136,465 354,073 383,680
Restructuring charges       47,657  
Transition services agreement, expenses incurred   9,800   31,500  
Loss on extinguishment of debt   0 0 20,510 0
Revolving Credit Facility | 2021 Term Loan Facility          
Segment Operating Profit:          
Loss on extinguishment of debt $ 20,500     20,500  
CH2M HILL Companies, Ltd.          
Segment Operating Profit:          
Restructuring charges   22,254 53,971 47,657 127,687
CH2M HILL Companies, Ltd. | Professional Services and Employee Seperation          
Segment Operating Profit:          
Restructuring charges   $ 22,000 50,800 $ 47,100 120,300
Joint Venture          
Segment Operating Profit:          
Equity Method Investment, Ownership Percentage   50.00%   50.00%  
Amentum Holdings, Inc.          
Segment Operating Profit:          
Restructuring charges   $ 4,700   $ 20,900  
Amentum Holdings, Inc. | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SpinCo Business          
Segment Operating Profit:          
Equity method investment retained after disposal, mark-to market gains (losses)   27,400   (227,300)  
Transition services agreement, expenses incurred   9,800   31,500  
Operating Segments          
Segment Operating Profit:          
Total Segment Operating Profit   308,393 271,060 856,016 757,172
Infrastructure & Advanced Facilities | Operating Segments          
Revenues from External Customers:          
Revenues   2,699,062 2,595,113 7,928,023 7,652,552
Segment Operating Profit:          
Total Segment Operating Profit   235,975 208,171 649,514 579,659
PA Consulting | Operating Segments          
Revenues from External Customers:          
Revenues   332,706 288,271 947,116 888,239
Segment Operating Profit:          
Total Segment Operating Profit   72,418 62,889 206,502 177,513
PA Consulting | Operating Segments | CH2M HILL Companies, Ltd.          
Segment Operating Profit:          
Restructuring charges   $ 0 $ 3,201 $ 259 $ 7,360