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Baker Tilly International has reported record global revenues of $6.8bn (£5bn) for the year ended 31 December 2025, an increase of 21.3% on the previous year.
The accounting and advisory network said growth was recorded across all regions in 2025, extending a period of expansion that has seen revenues rise by almost 70% over the past five years.
North America was the fastest-growing region, with revenues up 37.5%, following the merger of Baker Tilly (US) and Moss Adams in June 2025. Growth in the Europe, Middle East and Africa region reached 12%, while Latin America grew by 7% and Asia Pacific by 0.3%.
Several of the network’s larger markets recorded double-digit growth during the year, including Belgium, Canada, Denmark, Germany, Malaysia, the UK and the US.
All service lines reported increased revenues, as tax services grew by 31%, followed by audit and assurance at 19%, advisory at 16% and legal services at 15%.
Headcount across the network also rose by 16% to 50,443 people, including 3,905 partners operating in 147 territories. Women accounted for 27% of partners, the highest proportion recorded by the network.
Francesca Lagerberg, CEO of Baker Tilly International, said: “Organic and inorganic growth in revenues across all our regions is a remarkable achievement given the challenges faced by the professional services market over these past 12 months.
“It has been a busy year for the accounting profession and it has been no different for our network, with a number of private equity investments in 2025 and many exciting mergers. We value the combination of organic and inorganic growth.”
She added: “For Baker Tilly, 2026 promises to be another exciting year with more learning and experimentation into how we harness the power of technology to continue to give our clients the very best service. The war for the right talent continues as we all pursue the same pool of tech-savvy, tech-curious and multi-skilled new recruits. As a profession, we will have to adapt to what recruits want out of a career.
“Trust and integrity remain at the core of our profession and our roles, but in a world full of noise, misuse of data and often a lack of clarity, they will become even more important in 2026. Cutting through that noise and providing objective verification of data, and assessment of what is really going on in an organisation, is critical.”
