EY revenues hit record $49.4bn in FY23

EY has announced global revenues of $49.4bn (£39.5bn) for the year ending June 2023, an increase of 14.2% in local currency and marking “one of the most successful years” in the history of the firm. 

During FY23, the Big Four firm invested $3.6bn (£2.8bn) in its audit quality, innovation, technology and people. A further $1.4bn (£1.1bn) investment enabled the launch of EY.ai, a unifying platform which helps organisations adopt artificial intelligence. 

According to the firm, more than 127 million lives were also “positively impacted” through its corporate responsibility programme, EY Ripples. 

EY also reduced its emissions globally by 43%, while growing its EY global revenue by over 40% since 2019. 

Carmine Di Sibio, global chairman and CEO of EY, said: “I am very proud of EY’s growth this year. Guided by a commitment to creating long-term value for all stakeholders, the organisation is seeing the result of investment in pivotal alliances, cutting-edge technologies, and, most profoundly, the continuous upskilling of EY people.

“EY teams have supported thousands of clients to navigate challenging global economic conditions, working with them to overcome obstacles and transform their businesses for success. At the same time, EY people are playing their part in tackling societal challenges – from progress in reducing carbon emissions to positively impacting 46m lives this year through corporate responsibility initiatives.”