BDO announces financial results 2021
14 December 2021
Conscious investments, enabling BDO’s clients to be well positioned for the economic resurgence in the year ahead, have driven BDO’s balanced growth across the board, with global revenues reaching US$ 11.8 billions, supported by a strong 6.8% increase in headcount.
Conscious investments, enabling BDO’s clients to be well positioned for the economic resurgence in the year ahead, have driven BDO’s balanced growth across the board, with global revenues reaching US$ 11.8 billion, supported by a strong 6.8% increase in headcount.
A solid 10.8%* increase in global revenues to US$ 11.8 billion, up from US$ 10.3 billion in 2020, reflecting the strong demand from clients for BDO’s expertise in a fluid business landscape. *at constant exchange rates
- BDO’s clear focus on audit quality, innovation, transformation, technology and sustainability has helped both BDO firms and their clients to easily adapt to a new future.
- People numbers have significantly increased, with a marked shift towards new profiles. BDO’s 97,292 professionals are combining future-oriented technology with authentic intelligence to create smarter working environments in 1,728 offices.
- BDO’s stated purpose, our WHY, has proven its worth. It is a core element of our culture, shaping who we work with and how we support our colleagues, our clients and our communities. It is reflected in everything we do.
Despite the continued uncertainty in market conditions and the impact of the health crisis, the performance of BDO in 2021 demonstrates that the agile decisions and technological investments made have equipped the organisation with the global infrastructure and digital solutions to deliver long-term value for our clients.
BRUSSELS, 13 December 2021: BDO announces a total combined fee income* of US$11.8 billion/€ 9.8 billion for the year ended 30 September 2021, representing a year-on-year growth of 10.8% at constant exchange rates (+14.8% in US$, +7% in €)
*including BDO’s exclusive alliances
BDO has 1,728 offices in 167 countries and territories worldwide and growth has been consistent across all regions. EMEA saw a revenue increase of +17.4% and Asia Pacific +16.9%, while the Americas grew by +12.6%. The EMEA and Asia Pacific regions contribute 35% and 12% respectively to global revenues and the Americas is the organisation’s largest region (contributing 53%).
Audit and assurance continues to be BDO’s largest service line, accounting for 42% of revenues. Tax and advisory each contribute 21.5% and business services and outsourcing 15%.
Over the last two years we have seen the biggest shift in the business world since the industrial revolution. The pandemic has driven us to think and work differently. BDO’s ongoing willingness to invest in cutting-edge technology has allowed us to stay close to our clients’ new needs and immediately respond, providing them with tools to help them achieve successful digital transformation and become a modern organisation of the future. Our firms are now more connected than ever, sharing resources to support our clients and committed to growing business together.
Keith Farlinger, Global CEO, said “I am extremely proud of how our organisation and our people, through relentless agility and team effort, have turned around our entire operating model to redefine the future of our work. At the same time, our firms have continued to operate with purpose; helping their people, their clients and their communities. Our WHY – People helping people achieve their dreams – has never been more pertinent.”