Accountancy firm BDO has reported global revenue of $11bn for the financial year ending 30 September 2025, marking a 4% year-on-year (YoY) increase and sustaining an 8% compound annual growth rate (CAGR) over the past five years.
Total revenue, including BDO’s alliance firms, surpassed $16bn, up 7% year-on-year and a five-year CAGR of 9%.
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While Audit and Assurance continue to be revenue anchor for BDO, all service lines too saw progress.
Tax services rose by 7%, while Advisory increased by 4%.
Audit and Assurance grew by 3%, and Business Services and Outsourcing (BSO) recorded a 2% rise.
By geography, Europe, Middle East and Africa (EMEA) posted a 7% increase in revenue, with notable outcomes in France, Germany, the Netherlands and Switzerland. In the Asia Pacific (APAC) region, revenue climbed 3%, helped by results from India, Australia and Singapore.
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By GlobalDataAcross the Americas, overall figures were unchanged, though there was growth in the US.
A leadership change was also announced. Trond-Morten Lindberg will take up the role of Global CEO after Pat Kramer’s term concludes in November 2026. Lindberg is currently the chief strategy and operations officer at BDO.
BDO has committed $1bn over several years towards digital and technology development aimed at enhancing client solutions globally.
It includes the deployment of Microsoft Azure AI services, Copilot Agents, Microsoft Fabric and Foundry IQ, as well as governance platforms such as Agent 365 and Foundry Control Plane.
BDO’s workforce reached over 94,900 people globally in 2025, representing 3% growth.
Kramer said: “It has been another year of solid performance and progress. While we continue to operate in a complex global landscape, with ever-shifting industry dynamics, we see significant opportunity ahead.
“During periods of flux, businesses value trust. Our multidisciplinary approach is anchored in an uncompromising focus on quality. With a commitment to maintain independence, we will continue to deliver secure, long-term value for our clients through a sustainable and future-ready organisation.”
Earlier in 2025, BDO outlined a strategic reset that includes a decision to remain independent of external equity investment to strengthen its future positioning for clients and employees.
In November 2025, BDO UK and BDO Ireland agreed to merge to improve service for mid-market clients and extend cross-border advisory work.
