Hi Dylan,

Yes, one report generated for a single account equates to one request via 
the AdWords API. However, you may try out the Parallel Download Report 
<https://developers.google.com/adwords/api/docs/samples/java/reporting#parallel-report-download>
 (other 
languages are also available in the link) that allows users to generate 
reports for all the accounts under an MCC in multiple parallel threads.

Please note however that this feature is subject to the limits stated in 
our rate sheet <https://developers.google.com/adwords/api/docs/ratesheet>. 
Should you be required to generate more than 1,000 reports per day, you may 
opt to upgrade to standard access 
<https://www.google.com/appserve/fb/forms/standardaccess/> (if you 
currently only have basic access). I hope this has been helpful.

Best regards,
Peter
AdWords API Team

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