BDO sees revenues climb 4% to $11bn as CEO departs

BDO has revealed that it achieved a global revenue of $11bn (£8.3bn) for the financial year ending 30 September 2025, a 4% increase year-on-year.

Including alliance firms, the company’s global revenue exceeded $16bn (£12bn), an increase of 7% on 2024 data and a 5-year CAGR of 9%.

Alongside this, the company has announced that Trond-Morten Lindberg will become global CEO, succeeding Pat Kramer, whose term will conclude in November 2026. Lindberg is currently serving as chief strategy and operations officer.

While audit and assurance remain BDO’s revenue anchor, member firms reported steady growth across all service lines notably led by tax at 7% and advisory at 4%. audit and assurance and BSO saw increases of 3% and 2% respectively.

The company’s EMEA revenues were up by 7%, notably including strong growth in France, Germany, the Netherlands and Switzerland, while its APAC revenue growth was stable at 3%, highlighted by exceptional performance in India, Australia and Singapore.

Lastly, its revenues in the Americas were flat across the region, with growth recorded in the United States.

Earlier this year, BDO announced a global strategic reset and decision to remain independent of external equity investment, to ensure a “strong and sustainable future for the global organisation, its clients, and its people”.

Pat Kramer, BDO’s global CEO, said: “It has been another year of solid performance and progress. While we continue to operate in a complex global landscape, with ever-shifting industry dynamics, we see significant opportunity ahead.

“During periods of flux, businesses value trust. Our multidisciplinary approach is anchored in an uncompromising focus on quality. With a commitment to maintain independence, we will continue to deliver secure, long-term value for our clients through a sustainable and future-ready organisation.”

Lindberg added: “I’m immensely proud to take on this role at an important juncture for BDO and our industry. By accelerating integration among our firms, investing in technology and strengthening global collaboration, BDO is evolving for the future. We’re committed to secure sustainable growth and deliver greater value to our clients.”