Corporate Finance

BDO global revenue reaches $10bn

BDO has reported global revenues totalling $10.3bn (£7.7bn) in its financial results for 2020, a 7.8% increase from last year despite the pandemic.

The accountancy firm’s American offices saw the strongest revenue rise at 7.7%, while in EMEA, revenues grew by 6.2% and in Asia Pacific 4.1%.

Both the EMEA and Asia Pacific regions contribute 34.7% and 12.1%, respectively, to global revenues and the Americas is the organisation’s largest region at 53.2%.

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Audit and assurance services remain BDO’s largest service line, making up 42% of revenues.

Keith Farlinger, BDO’s global CEO, said: “2020 has been an exceptionally challenging year but, with the agility and creativity of our people, BDO has reacted swiftly to the new business environment. 

“Our global organisation’s continued growth rate is down to our firms having taken bold decisions in order to help their people, their clients and their communities.”

He added: “Together, they have embodied our WHY – People helping people achieve their dreams – and as a result, our business has remained resilient and strong.”

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