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Deloitte UK partners saw their average pay increase by 4% last year despite the firm reporting its first annual revenue decline in 15 years.
Distributable profit rose to £789m in the year to 31 May 2025, up from £756m in 2024. Profit per equity partner increased to £1.051m. Revenue fell 1% to £5.68bn, compared with £5.75bn a year earlier.
Richard Houston, senior partner and chief executive, said: “This is a robust set of results in a complex market. Geopolitics and continued economic headwinds meant that many organisations have been carefully managing their costs and delaying certain investments.”
The firm’s Tax and Legal business recorded the strongest growth, rising 7% to £1.33bn. Audit and Assurance revenue increased 3% to £969m. Consulting was mixed: Strategy, Risk and Transactions grew 3% to £901m, while Technology and Transformation contracted 10% to £1.67bn as clients paused major projects.
Deloitte said it paid £1.78bn in UK taxes during the year, including £643m related to partners’ income and business taxes. It also opened new offices in Bristol and Aberdeen and four technology delivery centres in Belfast, Cardiff, Manchester and Newcastle.
The firm invested £317m in pay, bonuses and training, alongside £158m in technology, including artificial intelligence tools. More than 3,000 people were hired in the UK, including 1,900 graduates, apprentices and interns. A further 5,500 staff were promoted, among them 60 new partners.
New family policies introduced in January include 26 weeks’ fully paid leave for all new parents. Deloitte also reported £10.8m of community investment, with projects ranging from school technology donations to volunteering initiatives.
Houston added: “The pace of change in our markets, technology and client expectations mean we must continue to transform our firm for the future. I’m confident that we have the agility and resilience to ensure our firm, and our clients, successfully navigate the year ahead.”
