The BDO network reported 4% growth in global annual revenue to $11 billion for the financial year ending Sept. 30, 2025.
The growth was led by BDO's tax (7%) and advisory (4%) service lines, followed by audit and assurance (3%) and business services outsourcing (2%). When including firms in the BDO Alliance, global revenue exceeded $16 billion, an increase of 7% in terms of U.S. dollars (or 5% in terms of euros to €15 billion) compared to 2024, for a five-year compound annual growth rate of 9%.
"It has been another year of solid performance and progress," said BDO global CEO Pat Kramer in a statement Wednesday. "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 organization."
On a regional basis, revenues in Europe, the Middle East and Africa were up by 7%, with especially strong growth in France, Germany, the Netherlands and Switzerland.
In the Asia Pacific region, revenue growth remained stable at 3%, with exceptional performance seen in India, Australia and Singapore. In the Americas, revenues were flat across the whole region, but with growth recorded in the United States.
Earlier this year, BDO announced a global strategic reset with a
In pursuit of this strategy, BDO U.K. and BDO Ireland have announced merger plans and expanded their cross-border advisory services. The move is expected to strengthen BDO's audit, tax, consulting and risk services in the region, after decades of collaboration in the U.K. and Ireland.
Trond-Morten Lindberg has been announced as incoming global CEO, succeeding Pat Kramer, whose term will end in November 2026. Lindberg currently serves as chief strategy and operations officer and has worked for over 25 years at BDO.
"I'm immensely proud to take on this role at an important juncture for BDO and our industry," said Trond-Morten Lindberg in a statement. "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."
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The firm has over 94,900 employees across 870 offices globally.
