BDO grows global revenue to $7.6 billion

BDO increased its worldwide revenue to $7.6 billion for the fiscal year ending Sept. 30, 2016 across its network of member firms, including members of BDO firm alliances, an 8 percent increase over the previous year at constant exchange rates.

Last year, the network reported that worldwide revenue for all of the BDO network’s member firms (including members of BDO firm alliances) totaled $7.3 billion for the fiscal year ended Sept. 30, 2015, a 12.95 percent increase year over year, at constant exchange rates.

The previous year, it reported $7.02 billion in revenue for the fiscal year ending Sept. 30, 2014, an increase of 8.8 percent from the prior year.

BDO now has more than 67,000 staff members in 1,401 offices in 158 countries.

Mergers and acquisitions, along with organic growth have helped drive revenue across the network. For the third year in a row, Chicago-based BDO USA led its fellow member firms in revenue growth at 23 percent for the year ending June 30, 2016, after merging in CEA in San Diego, Feeley & Driscoll in Boston, Mantyla McReynolds in Salt Lake City, Charles A, Barragato in New York and Goldstein Schechter Koch in South Florida.

“2016 has been a year of expansion for the BDO network,” said BDO USA CEO Wayne Berson, who also chairs the global board of BDO International Ltd., in a statement. “As we continue to grow the network, we have a long-term investment strategy in global infrastructure, technology and talent that ensures we can provide exceptional client service and enables us to continue at the forefront of the ongoing consolidation taking place in the profession.”

For reprint and licensing requests for this article, click here.