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BDO USA revenue doubles in five years

BDO USA has reported a year-on-year revenue growth for the fiscal year ending June 30, 2018 of 4.2%.

Total revenue for the year was $1.47bn, more than double the $683m recorded five years ago.

The growth was due to contributions from all business lines, as the firm’s assurance (+3.0%), tax (+3.7%) and advisory (8.7%) practises each achieved positive results.

In 2018, BDO’s assurance business line represented 49% of BDO USA’s business. BDO’s tax and advisory lines represented 34% and 17% of revenues respectively.

BDO USA’s CEO Wayne Berson commented: "In fiscal 2018, BDO USA continued to experience growth across each of its business lines as public and private entities, ranging from large multinationals to entrepreneurial start-ups, continue to be attracted to our commitment to client service.

“Moving forward, recent investments we’ve made in innovation across the firm – including added resources in technology solutions, digital transformation and data privacy in our advisory practise – position us well for continued growth in the coming years.”

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