BDO announces growth in global revenue to over US$15 billion (+7%)

BDO announces combined global revenues of over US$15 billion (€13.9 billion) for the financial year ending 30 September 2024, an increase of 7% USD (5% EUR). Service lines performed strongly, delivering consistent success across key areas.

 

Key highlights:

  • Over US$15 billion global revenue equivalent to 7% growth (€13.9 billion/+5%).
  • Revenue uplift across all regions (EMEA, Americas and Asia Pacific).

  • Strong performance in established markets (including France, +22%) and in growing markets such as India (+26%) and across the Middle East.

  • Workforce expansion to over 119,600 globally, within 166 countries and territories.

 


Global Financials 2024 infographic


Pat Kramer, Global CEO said: 

"Amid a complex global economic and political landscape, our organisation remained committed to investing in our people and in technology, to continually adapt and respond to our clients’ evolving needs. Our multi-disciplinary approach, ongoing commitment to quality, integrity and collaboration, and shared global vision, continues to drive impressive growth in international business while delivering sustainable value for our clients."

 

Global revenue growth

Consistent revenue gains across our global footprint was achieved by focusing on the pursuit international business across the largest economies, plus investment in people and technology to meet emerging client needs. 

Europe, Middle East and Africa region (+10%) 
  • Central and Western Europe experienced robust growth, driven by strong performance in Germany (+14%), Austria (+12%), Ireland (13%) and the UK (7%).
  • Revenue in France grew significantly (+20%), due to organic growth and future-oriented acquisitions to align with the changing needs of the market.
  • The Nordic region reported significant uplift (+10%), and strong performance across all service lines.
  • Revenues from the Middle East rose by 13% overall, with double-digit growth in Egypt, Jordan, Kuwait, Saudi Arabia and United Arab Emirates.
  • Regional and cross-border collaboration continues to drive ongoing growth across sub-Saharan Africa.
Asia Pacific region (+6%) 
  • India achieved exceptional growth (+26%) by focusing on innovation and digital transformation, growing the labour force to over 10K employees, and establishing an expanded regional presence.
  • Australia remains a key driver, delivering a 10% increase year on year. 
  • The ASEAN region saw strong overall growth (+9%), led by Malaysia (+17%).
  • China delivered 8% growth, despite challenging market conditions.
Americas region (+5.5%) 
  • In North America, the combined growth of Canada and the US market was 4%, while key market Mexico saw a 15% increase in revenue.
  • In South America, Brazil (+25%) and Columbia (+24%) each saw impressive growth, with continuous investment in technology and people development driving recognition and strength in the market.


Read the full press release on our network's site: 2024 Global Financial Results - BDO