- BDO reports 4% growth in revenue to US$11 bn (€10 bn), led by Tax (+7%) and Advisory (+4%) service lines.
- Including alliance firm revenue, BDO reports overall growth of 7% to US$16 bn (€15 bn).
- 2025 saw a commitment to remain independent of external equity investment, and a strategic reset to drive continued growth with the announcement of the new incoming Global CEO.
- Continued investment in technology and digital transformation, including US$1 bn global programme.
Brussels, 10 December 202: Leading international professional services provider BDO
reports global revenue of US$11 bn (€10 bn) for the financial year ending 30 September 2025,
a 4% USD (2% EUR) increase year-on-year and sustaining a 5-year CAGR2
of 8%. Including alliance firms, global revenue exceeds US$16 bn (€15 bn), an increase of 7% USD (5% EUR) on
2024 data and a 5-year CAGR of 9%.
Pat Kramer, BDO’s Global CEO, 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.”
While Audit and Assurance remain BDO’s revenue anchor, member firms reported steady
growth across all service lines – particularly those with high-growth sub-services – notably led
by Tax at 7% and Advisory at 4%. Audit and Assurance and BSO saw increases of 3% and 2%
respectively.
Consistent global growth despite market challenges
Despite challenging market conditions this year, including inflationary pressures, tighter
capital markets, and reduced client spending in several sectors, performance by region is
broadly even. This reflects continued investment in technology, service innovation, and talent
across the EMEA, APAC, and Americas regions.
- Europe, Middle East and Africa (EMEA): revenues were up by 7%, notably including strong growth in France, Germany, the Netherlands and Switzerland.
- Asia Pacific (APAC): revenue growth was stable at 3%, highlighted by exceptional performance in India, Australia and Singapore.
1 Financial year ending 30 September 2025
2 Compound Annual Growth Rate (CAGR). All statistics are based on USD, unless otherwise state.
3 All regional growth data is based on revenue (USD), unless otherwise stated
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- Americas: revenues were flat across the region, with growth recorded in the United States.
Independence, investment and integration - a global strategic reset
Earlier this year, BDO announced a global strategic reset and decision to remain independent
of external equity investment, to ensure a strong and sustainable future for the global
organisation, its clients, and its people.
With an ongoing focus on international business growth, greater global integration across the
network is a key priority, with accelerated consolidation among member firms. This move
aims to leverage regional strengths, enhance go-to-market collaboration, and enable the
network to serve an increasingly international and complex client base.
In line with this strategy, BDO UK and BDO Ireland have announced merger plans to better
serve mid-market clients and expand cross-border advisory services. The partner-led move
strengthens BDO’s audit, tax, consulting, and risk capabilities in the region, building on
decades of collaboration to deliver integrated operations and client solutions.
The next leadership chapter
To underpin BDO’s strategic direction, Trond-Morten Lindberg has been announced as incoming
Global CEO, succeeding Pat Kramer, whose term will conclude in November 2026. Currently
serving as Chief Strategy and Operations Officer, Lindberg has been instrumental in shaping
BDO’s strategy and driving alignment, consistency, and execution across BDO’s global
operations. This appointment reflects the considerable contribution that Lindberg has made
over more than 25 years of service with BDO.
“I’m immensely proud to take on this role at an important juncture for BDO and our industry.”
said Trond-Morten Lindberg, BDO’s Chief Strategy and Operations Officer and incoming Global
CEO. “By accelerating integration among our firms, investing in technology and strengthening
global collaboration, BDO is evolving for the future. We’re committed to secure sustainable
growth and deliver greater value to our clients.”
Embracing technology to power growth
In 2025, BDO outlined a global digital and technology investment of US$1 bn over several
years, to enhance global capabilities and solutions for clients.
Innovation across BDO is being accelerated with a suite of advanced technologies designed to
enable intelligent automation, improve efficiency, and unlock insights. Significant
investments have been made incorporating AI-driven tools, including:
- Microsoft Azure AI services and Copilot Agents to streamline complex workflows, freeing up time for higher-value client work.
- Microsoft Fabric and Foundry IQ to unify analytics and deliver real-time, AI-powered insights, improving forecasting, resource planning and advisory services for clients.
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- Microsoft Security Copilot and governance tools including Agent 365 and Foundry Control Plane to ensure safe, compliant operations and strengthen the protection of client data.
Investment in BDO’s Digital Audit Suite represents one of the most significant enablers of the
organisation’s future success. By integrating advanced technology, data analytics, and
automation into a single connected platform, audits are being transformed, enhancing quality
and consistency, and the efficiency of over 40,000 audit and assurance professionals across
the global network.
Additionally, strategic tax technology investments provide advanced insights to help global
clients strengthen their resilience amid rising regulatory complexity.
Investment in people to build a thriving global team
BDO’s success is driven by its people, a global network of professionals whose expertise and
collaboration continue to power the firm’s growth. The brand continues to attract and retain
top talent, with workforce growth in 2025 across all levels and service lines, to over 94,900
(+3%) across 870 offices globally.
ENDS
Note to editors About BDO
The BDO network (referred to as the ‘BDO network’) is an
international network of independent public accounting, tax and
advisory firms which are members of BDO International Limited and
perform professional services under the name and style of BDO
(hereafter: ‘BDO member firms’). BDO International Limited is a UK
company limited by guarantee. It is the governing entity of the BDO
network.
Service provision within the BDO network is coordinated by Brussels
Worldwide Services BV, a limited liability company incorporated in
Belgium.
Each of BDO International Limited, Brussels Worldwide Services BV and
the BDO member firms is a separate legal entity and has no liability
for another entity’s acts or omissions. Nothing in the arrangements or
rules of the BDO network shall constitute or imply an agency
relationship or a partnership between BDO International Limited,
Brussels Worldwide Services BV and/or the BDO member firms. Neither
BDO International Limited nor any other central entities of the BDO
network provide services to clients.
BDO is the brand name for the BDO network and for each of the BDO
member firms.
The fee income of the BDO network was US$10.8 billion (€9.7 billion)
in 2025. Member firms provide public accounting, tax and advisory
services across 169 countries and territories, with over 94,900 people
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and 870 offices worldwide.