Well, well, well, KPMG had a 14% increase in global revenue in its 2022 fiscal year that ended Sept. 30—the second largest year-over-year increase in revenue among the Big 4 firms behind Deloitte’s 18.1%.
And of course there’s a press release:
KPMG International announces strong annual aggregated revenues for KPMG firms globally of US$35 billion for the fiscal year ending 30 September 2022 (FY22) — an increase of 14%.
During continued economic and geopolitical uncertainty, robust numbers and consistent growth were achieved across all functions. Advisory achieved the largest growth increase — up 19% on FY21 across KPMG firms globally. Growth was driven by the success of Transaction and Deal Advisory services, as well as continued demand for innovative technologies and advanced cyber security solutions. Tax & Legal Services experienced 10% growth while Audit grew 8%, benefiting from a combination of the investments made in technology and our KPMG firms’ globally connected local knowledge.
“FY22 has been a strong year. KPMG firms’ financial performance validates an unwavering commitment to deliver services of the highest quality, through a multi-disciplinary approach that helps us to provide solutions to clients’ most difficult challenges and the stability and resilience to invest, even in hard times,” said Bill Thomas, global chairman and CEO of KPMG International.
“But the true measure of our success is what we’ve been able to accomplish for those that rely on us most. Clients and wider society continue to face complex problems that require KPMG professionals to work across borders and disciplines and to collaborate more closely than ever. Few organizations have the expertise and global reach that KPMG has, and we’re at our best when we work together to inspire confidence and empower change.”
Officially the House of Klynveld brought in $34.6 billion globally in 2022, up from $32.1 billion in 2021. Here are a couple of graphics that show how KPMG did revenue-wise by business line and by region during its most recent fiscal year:
Now that KPMG’s numbers are in, here’s your Big 4 global revenue scoreboard for 2022:
That’s roughly $189.7 billion in total global revenues in 2022. Don’t worry, folks, the Big 4 firms are doing just fine.