BDO presents its 2025 financial results

BDO reports growth in annual global revenues

BDO reports a 4% increase in revenues to US$11 billion (€10 billion), led by the Tax (+7%) and Advisory (+4%) service lines.
Including revenues from allied firms, BDO reports total growth of 7% to US$16 billion (€15 billion).
In 2025, the commitment to remain independent from external capital investment was reaffirmed, and a strategic realignment was announced to drive continued growth alongside the designation of the incoming new Global CEO.
Investment in technology and digital transformation was maintained, including a global US$1 billion program.

Brussels, 10 December 2025: Leading international professional services provider BDO reports global revenues of US$11 billion (€10 billion) for the financial year ended 30 September 2025, representing a 4% year-on-year increase in USD (2% in EUR), while maintaining a five-year compound annual growth rate (CAGR) of 8%. Including allied firms, global revenues exceeded US$16 billion (€15 billion), an increase of 7% in USD (5% in EUR) compared to 2024 and a five-year CAGR of 9%.

Pat Kramer, Global CEO of BDO, said: “It has been another year of solid performance and progress. While we continue to operate in a complex global landscape, with constantly evolving industry dynamics, we see significant opportunity ahead. During periods of uncertainty, businesses value trust. Our multidisciplinary approach is anchored in an unwavering commitment to quality. With a commitment to maintaining independence, we will continue to deliver secure, long-term value to our clients through a sustainable, future-ready organization.”

While Audit & Assurance remains BDO’s core revenue pillar, member firms reported steady growth across all service lines – particularly in high-growth sub-services – led by Tax at 7% and Advisory at 4%. Audit & Assurance and BSO recorded increases of 3% and 2% respectively.

Consistent global growth despite market challenges

Despite challenging market conditions this year, including inflationary pressures, tighter capital markets and reduced client spending across several sectors, regional performance was broadly balanced. This reflects continued investment in technology, service innovation and talent across the EMEA, APAC and Americas regions.

Europe, Middle East and Africa (EMEA): revenues increased by 7%, with strong growth in France, Germany, the Netherlands and Switzerland.
Asia Pacific (APAC): stable growth of 3%, with exceptional performance in India, Australia and Singapore.
Americas: flat revenues across the region, with growth recorded in the United States.

Independence, investment and integration – a global strategic realignment

Earlier this year, BDO announced a global strategic realignment and the decision to remain independent from external capital investment, to secure a strong and sustainable future for the global organization, its clients and its people.

With a continued focus on international growth, greater global integration across the network is a key priority, with accelerated consolidation among member firms. This move aims to leverage regional strengths, enhance commercial collaboration and enable the network to serve an increasingly international and complex client base.

In line with this strategy, BDO UK and BDO Ireland announced merger plans to better serve mid-market clients and expand cross-border advisory services. The partner-led initiative strengthens audit, tax, advisory and risk capabilities in the region, building on decades of collaboration to deliver integrated operations and solutions to clients.

The next leadership chapter

To support BDO’s strategic direction, Trond-Morten Lindberg was announced as the next Global CEO, succeeding Pat Kramer, whose term will conclude in November 2026.

Currently serving as Chief Strategy and Operations Officer, Lindberg has been instrumental in shaping BDO’s strategy and driving alignment, consistency and execution across global operations.

“I am immensely proud to take on this role at an important time for BDO and our industry,” said Trond-Morten Lindberg, Chief Strategy and Operations Officer and incoming Global CEO. “By accelerating integration across our firms, investing in technology and strengthening global collaboration, BDO is evolving for the future. We are committed to ensuring sustainable growth and delivering greater value to our clients.”

Embracing technology to drive growth

In 2025, BDO outlined a global digital and technology investment of US$1 billion over several years to enhance global capabilities and client solutions.

Innovation at BDO is accelerating through a suite of advanced technologies designed to enable intelligent automation, improve efficiency and unlock insights. Significant investments have been made in AI-powered tools, including:

Microsoft Azure AI and Copilot Agents to optimize complex workflows, freeing up time for higher-value work.
Microsoft Fabric and Foundry IQ to unify analytics and deliver real-time AI-driven insights, enhancing forecasting, resource planning and advisory services.
Microsoft Security Copilot and governance tools such as Agent 365 and Foundry Control

Plane to ensure secure operations and regulatory compliance, strengthening the protection of client data.

Investment in the BDO Digital Audit Suite represents one of the most significant enablers of the organization’s future success. By integrating advanced technology, data analytics and automation into a single connected platform, audits are transformed—enhancing quality, consistency and efficiency for more than 40,000 audit and assurance professionals across the global network.

In addition, strategic investments in tax technology provide advanced insights to help global clients strengthen resilience amid increasing regulatory complexity.

Investing in people to build a thriving global team

BDO’s success is driven by its people—a global network of professionals whose expertise and collaboration continue to fuel the firm’s growth. The brand continues to attract and retain top-tier talent, with workforce growth in 2025 across all levels and service lines, reaching 94,900 (+3%) across 870 offices worldwide.