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CHICAGO, December 12, 2022 − BDO, one of the leading global networks of independent public accounting firms, has announced worldwide revenue of $12.8 billion* for all firms for the year ended Sept. 30, 2022, representing year-over-year growth of 12.1% at constant exchange rates. BDO’s Americas region experienced the most growth, with an overall increase of 14.5% in revenue with BDO USA’s year-over-year revenue increase of 25% a significant contributing factor.
“In 2022, our professionals ensured we stayed ahead of robust market demand as economic conditions evolved,” said Wayne Berson, CEO of BDO USA, LLP and chair of the global board of directors of BDO International, Ltd. “Achieving these global growth milestones in a dynamic market is only possible when we put our people first. BDO will continue exploring the critical intersection of business strategy and company culture – a balance required for sustained success in the decades to come.”
Key Highlights
- BDO’s largest region, the Americas, contributed 55% to the global revenue, while the EMEA and Asia Pacific regions contributed 33% and 12% respectively.
- Global headcount increased 14.4%, with more than 111,300 people operating from 1,803 offices in 164 countries and territories worldwide.
- Audit and Assurance remains BDO’s largest service line, accounting for 42% of revenues. Tax and Advisory each contributed 22%, while Business Services and Outsourcing contributed 14% of revenue.
Strong global economic activity over the past 18 months resulted in high demand across most business lines and industries. BDO’s investments in recruitment and retention as well as services and technology provided the foundation to deliver sustainable client-centric solutions and deliver on our global purpose. Looking forward, BDO will continue investing in these and other critical areas, expanding teams and developing capabilities that consistently provide industry-leading results.
Reflecting on BDO’s 2022 performance, Pat Kramer, newly appointed CEO of BDO Global, said “I’m extremely proud of our organization and our people, whose ongoing commitment to their clients has made this year’s stable growth possible. Enabling our culture is key to being the best we can be – for our people, our clients, and our communities.”
*Worldwide results were first reported by BDO Global. BDO’s global revenues incorporate revenue of firms’ Alliances, including BDO Alliance USA, one of the largest associations of independent accounting and professional service firms in the United States.
About BDO USA
At BDO, our purpose is helping people thrive, every day. Together, we are focused on delivering exceptional and sustainable outcomes for our people, our clients and our communities. Across the U.S., and in over 160 countries through our global organization, BDO professionals provide assurance, tax and advisory services for a diverse range of clients.
BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms: www.bdo.com.
