BDO announces strong growth in global revenue
Brussels, 20 December 2023: BDO announces combined global revenues of US$14 billion (€13 billion) for the financial year ending 30 September 2023, representing year-on-year revenue growth of 10.2% USD (11.9% EUR). All service lines saw good growth in the year, with Tax achieving the largest increase.
Pat Kramer, Global CEO, BDO, said:
“I’m proud of our robust financial performance in 2023, with broad-based revenue growth across all regions and service lines, building on an impressive 60 years of success. Despite global challenges like high interest rates, inflationary pressures, and shifting geopolitics, we’ve continued to consistently upweight our efforts to foster client growth and win international business across our expanded global footprint. Our multi-disciplinary firms have proven their readiness to adapt to shifting market dynamics and new technologies to meet evolving client needs.
The success and the strength of our brand is underpinned by our ongoing investment in cutting-edge technologies and our people, reinforced by an unwavering commitment to quality and integrity.”
Global revenue growth
BDO achieved consistent revenue gains across our global footprint. Our focus has been on servicing key accounts and actively pursuing significant clients across larger economies to bolster and support overall growth.
Broad-based revenue growth across all service lines
Our core service lines – Audit and Assurance, Advisory, Tax, and Business Services and Outsourcing – continue to grow in key markets, with our trusted teams guiding clients through market uncertainty and adding value with expertise by delivering client-focused solutions.
Embracing a sustainable future
With a focus on a resilient and thriving future, we are dedicated to sustainability. Our global sustainability programme ensures that we work together globally for the best interests of our people and our planet.
Supporting humanitarian efforts globally
The BDO organisation leverages its teams worldwide to help those impacted by humanitarian crises. Throughout the past year, we have witnessed the powerful effect of our organisation uniting to support colleagues and others affected by natural disasters and other tragic events.
Our Solidarity Fund provided immediate financial aid for colleagues and their families in Ukraine. Further efforts were made in response to the earthquakes in Türkiye and Syria, and donations were also made to provide first aid, shelter, food, and financial assistance to those affected by the recent conflict in the Middle East.
BDO in Ukraine
While working under martial law, the 2022 and 2023 financial years ended with a 16% growth in revenue compared to the pre-war 2021 FY. In headcount, our growth is 10%. Our main priority is exceptional quality, the safety of our people, working with international donor organizations and continuing to grow our digital advisory practice in partnership with Microsoft.
