September 17, 2019

A 4.2% Increase in Revenue Must Give BDO USA All the Happy Feels

BDO

Nearly two months after announcing that 37 new partners would be joining the firm, BDO USA put the word out that its revenue for the fiscal year ended June 30, 2018, grew by 4.2% over the previous year.

BDO USA’s self-reported revenue of $1.47 billion, which was announced on July 31, exceeds last year’s revenue of $1.41 billion. The firm’s revenues have more than doubled since 2013:

  • 2013: $683 million
  • 2014: $833 million
  • 2015: $1.05 billion
  • 2016: $1.29 billion
  • 2017: $1.41 billion
  • 2018: $1.47 billion

If you’re keeping score at home, BDO USA’s assurance practice grew by 3%, tax 3.7%, and advisory 8.7%.

The assurance practice accounts for 49% of the firm’s revenue, while its tax practice represents 34% of total revenue and advisory 17%.

We can only assume that this news made CEO Wayne Berson happier than a tornado in a trailer park:

“In fiscal 2018, BDO USA continued to experience growth across each of its business lines as public and private entities, ranging from large multinationals to entrepreneurial startups, continue to be attracted to our commitment to client service. Moving forward, recent investments we’ve made in innovation across the firm—including added resources in technology solutions, digital transformation and data privacy in our advisory practice—position us well for continued growth in the coming years.”

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[BDO USA]

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