BDO USA, LLP, one of the nation’s largest accounting and advisory firms, has announced revenue of $2,490,400,000 for the 12-month period ending April 30, 2022. This represents a nearly 25% increase in revenue growth from the prior year and a decade of consecutive year-over-year growth for the firm under CEO Wayne Berson’s leadership. Each practice experienced gains, with advisory, tax and assurance seeing revenue increases of 34.6%, 26.8% and 16.3% respectively.
“It’s been an exciting and meaningful decade building a purpose-driven business, growing and providing value for our clients while working toward a better tomorrow for our people and our communities – and we’ve only just begun,” said Berson. “As a firm, we look forward to the next ten years and beyond, continuing to invest in building a truly sustainable business worthy of the next generation.”
With the additions of Lowery Asset Consulting, LLC in October and Culbert Healthcare Solutions in December – and in inducting the largest partner class in the firm’s history – BDO continued to grow in size and across service offerings. In addition to the continued deliberate exploration of expansion opportunities, the firm sought to strengthen its own culture and operations, with two significant milestones of corporate investment occurring within the fiscal year.
In January, BDO announced the appointment of an ESG strategy and services leader, launching a dedicated Center of Excellence comprising professionals capable of addressing ESG-related needs both within the firm and for its clients. In April, the firm announced the appointment of its first chief diversity, equity and inclusion (DEI) officer and released its inaugural DEI transparency report. With these investments, the firm is seeking to continually cultivate an environment that is committed to the well-being of all its stakeholders, one that actively aligns with BDO’s core purpose of helping people thrive every day.
“Wayne and the entire BDO USA leadership team identified and integrated services that have made BDO the leading advisor for the middle market. In addition to excelling at the traditional fundamentals of our business to drive sustainable growth, BDO is taking thoughtful action aimed at protecting our resources and bettering our society,” said Kelly Johnson, chair of the board of directors of BDO USA. “I could not be more excited for the future of our firm and what that means for our clients, our people and our communities.”
BDO’s growth can be attributed to its commitment to its strategic plan paired with ongoing investments and stewardship. The focus on DEI and ESG – both as core business strategies – are examples of how the firm is continually revisiting and refreshing its strategic priorities. “We have laid an incredible foundation to achieve remarkable impact,” said Berson. “The time for action in our business is now. Through our collective efforts, we can achieve the change needed to face the most pressing challenges for our business, our industry and our society.”