Ernst & Young (EY) has reported a UK fee income of £3.78bn ($5.05bn) for the financial year ending 27 June 2025 (FY25), marking a revenue growth of 2% in what it terms as a “challenging market”.
The accounting major in the UK posted a 9% growth in distributable profit per partner to £787,000 ($1.05m) in FY25, a rise from £723,000 in the preceding year (FY24).
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The firm’s distributable profits before tax were £679m, compared to £653m in the previous fiscal year.
The firm’s Strategy and Transactions service line saw a 10% increase in revenue, with Tax and Assurance also reporting growth of 5% and 3%, respectively.
However, the Consulting service line faced a downturn, with revenues falling by 6%, which the firm attributes to “more difficult trading conditions”.
The accounting company has continued to channel funds into new technologies, including a $1bn global investment in audit technology, AI, and advanced data analytics.
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By GlobalDataEY’s client portfolio includes 22 of the FTSE 100 and 76 of the FTSE 350 on its audit roster, in addition to various private and public entities.
The firm has also introduced new technological tools, such as the EY.ai Agentic Platform, developed in collaboration with NVIDIA, and has integrated Microsoft 365 Copilot across its UK operations, now used by over 12,000 personnel.
EY UK & Ireland regional managing partner Anna Anthony said: “We have continued to invest in the skills and capabilities needed to support our future growth and deliver high quality innovative services for our clients, whilst also responding to areas of changing demand. Over the last financial year, we’ve hired nearly 2,400 people and admitted 59 new Equity Partners.
“While the economic environment remains unpredictable and challenging, we have a clear strategy to drive our business forward and better support our clients. I’m proud of the positive impact we’re continuing to make in a sector that will play a key role in supporting the UK’s future growth ambitions.”
Recently, Financial Times reported that EY has come under scrutiny for allegedly misleading the UK’s accounting watchdog, the Financial Reporting Council (FRC), during its audit of the United Arab Emirates-based hospital operator NMC Health.
