BDO USA has released revenue numbers for the 12-month period ending April 30, 2023 and the sixth-largest accounting firm in the US ended the year with a self-reported $2,822,600,000, a year-over-year increase of 13.3%. It was only two years ago that the firm topped $2 billion for the first time and 2023 marks the eleventh consecutive year of growth. This is the trajectory since 2012:
- 2012: $618 million
- 2013: $683 million
- 2014: $833 million
- 2015: $1.05 billion
- 2016: $1.29 billion
- 2017: $1.41 billion
- 2018: $1.47 billion
- 2019: $1.64 billion
- 2020: $1.8 billion
- 2021: $2 billion
- 2022: $2.5 billion
Every practice increased revenue, according to the press release. By service line that growth is:
- Advisory 12.1%
- Assurance 13.4%
- Tax 14.4%
“Despite economic volatility and changing market conditions, BDO maintained its focus on supporting our people, clients and communities,” said Wayne Berson, CEO. “This year’s sustained success was the result of leading with a thoughtful growth strategy and embedding resilience into our operations. The ways we’ve become more adaptable range from building new and innovative client facing solutions to the launch of our inaugural Sustainability Report.”
Doubling down on offshoring in India doesn’t hurt either.
BDO USA Continues on Sustainable Growth Path; Reports Revenue Increase of Over 13% [Business Wire]
