BDO's 2015 financial results
21 September 2015
13% increase in revenues strengthens BDO’s position as the leading mid-tier global accounting and consulting network Revenues up 12.95% 19 strategic mergers Growth of US firm continues: a 29% rise in revenues takes BDO USA over US$ 1 billion Focus on emerging markets reaps rewards
BDO is pleased to announce today a total combined fee income for the year ended 30 September 2015 of US$ 7.30bn. This represents a year on year growth of 12.95%, at constant exchange rates.
The IAB 2015 Network of the Year Award winner now has representation in 154 territories, the result of expanding the network’s global footprint to offer clients a full service offering in the countries that are key for them. The number of offices has risen over 6% to 1,408 and BDO’s global headcount numbers 64,303, an increase of 8.2%.
The network’s growth can be attributed to:
- The consolidating accountancy profession
- An effective expansion strategy in all regions, resulting in a large number of mergers, many significant, and tangible growth in the revenues of each region: EMEA +3%, Americas +22%, Asia Pacific +10%* Sustained organic growth in the developed, as well as emerging economies
- A number of new firms, together with the strengthening of firms in existing territories. *at constant exchange rates
These factors bring new people, talent and expertise to the BDO network. Taken together with an impressive partner to professional staff ratio of 1 to 9, they further enable us to deliver the exceptional client service for which we are known.
NB. all the above statistics include BDO’s exclusive alliances