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EY has reported a 3.9% increase in global revenues to $51.2bn (£39.4bn) for the financial year ending June 2024 (FY24).
All EY Service Lines reported revenue growth, with Tax achieving a growth of 6.3% in local currency (6.7% in USD). Assurance also showed a 6.3% increase in local currency, while Strategy and Transactions (SaT) recorded a 2.3% rise. Consulting also experienced a 0.1% increase in local currency.
In FY25, EY plans to further incorporate AI platforms throughout EY operations and integrate AI into its ways of working. EY teams are proactively assisting clients in their transformation efforts, helping them become AI-powered businesses by safely and responsibly utilising emerging technologies.
EY is also committed to reducing its greenhouse gas (GHG) emissions. This is reflected in the 40% reduction in GHG emissions and a 42% reduction in Scope 3 travel emissions against an FY19 baseline.
Numerous initiatives have been implemented to assist EY people in making informed travel choices, and these initiatives are already demonstrating a positive impact. In FY24, these initiatives prevented an additional 98,000 tons of CO2e emissions, equivalent to almost 20% of all EY travel emissions.
Janet Truncale, EY global chair and CEO, said: “Over the past year, EY teams have demonstrated extraordinary resilience in a challenging economic climate with growth across all Service Lines. This resilience is driven by sustained investment in EY capabilities through a broad spectrum of services, such as leading AI and tech.
“We are also creating new value for EY people, with an unwavering commitment to continuous learning and diversity, equity and inclusion to prepare our workforce for the future. That is why EY has launched a new strategy called ‘All in,’ which demonstrates that together with EY people, clients and communities we can help shape the future with confidence.”
