Advisory
Accounting Firm BDO Reports $1.8 Billion in Revenue; Growth of 11.3%
In fiscal year 2020, BDO expanded both service offerings and geographic reach, including the launch of a holistic collection of digital services through BDO Digital, LLC in January, and office expansions in six markets over the past 12 months.
Sep. 09, 2020
BDO USA, LLP, one of the nation’s largest accounting and advisory firms, has announced revenue of $1.8 billion for the 12-month period ending April 30, 2020. This is a year-over-year increase of 11.3% and the eighth consecutive year of growth for the firm under CEO Wayne Berson.
“As the last few months have shown us, organizational resilience has proven invaluable as the global community continues to face extraordinary challenges. The unwavering commitment to excellence, stability and longevity from Wayne and his leadership team will continue to serve our people, our clients and our communities well,” said Kelly Johnson, chair of the board of directors of BDO USA. “Our world-class workforce, dedication to exceptional client service and purposeful innovation have been instrumental in our growth and provided a solid foundation, which is especially underscored during tumultuous times.”
In fiscal year 2020, BDO expanded both service offerings and geographic reach, including the launch of a holistic collection of digital services through BDO Digital, LLC in January, and office expansions in six markets over the past 12 months. BDO achieved strong growth in FY 2020 across all business lines, led by the advisory practice, which saw an increase in revenue of 29.4%, with tax (8.8%) and assurance (6.0%) also demonstrating progress.
“We were fortunate to be in a strong position heading into the crisis and despite the uncertainty, continue to lead with empathy and purpose, while prioritizing innovation and building long-term organizational resilience,” said Wayne Berson, CEO of BDO USA. “Over the past few months, we’ve taken steps to strengthen our business and mitigate risk, which has put BDO on solid footing to navigate an unknown and unwieldy national recovery.
Years of ongoing investments in technology and culture have positioned BDO to emerge from this period stronger. BDO’s people have embraced the processes, tools and efficiencies created from these investments to help clients address their priority business issues to persevere through this extraordinary time. Looking to the future, BDO remains committed to sustainable, long-term growth, while continuing to help its people and its communities thrive.
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 65 offices and over 740 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 88,000 people working out of over 1,600 offices across 167 countries. BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms.