BDO Announces Financial Results for 2020

December 2020


Balanced Growth Takes Revenues Over $10 Billion

CHICAGO, December 3, 2020 - BDO, one of the world’s leading networks of independent public accounting firms, announced global revenue of $10.3 billion for the year ending September 30, 2020, representing year over year growth of 7.8% at constant exchange rates (+6.7% in US$).

Wayne Berson, CEO of BDO USA, LLP and chair of the global board of directors of BDO International, Ltd., commented, “This year, in the face of so many challenges, BDO demonstrated its resilience, in large part due to our people and their dedication to our purpose and values. It’s those values and purpose that informs every decision we make as we strive to help our clients and communities thrive locally and globally.”

In 2020, BDO realized consistent growth across all global regions, with the Americas seeing the strongest revenue increase (+7.7%), contributing 53.2% to worldwide revenues. Revenues for the EMEA region grew by +6.2% and in Asia Pacific by +4.1%. The EMEA and Asia Pacific regions contributed 34.7% and 12.1% respectively to global revenues.

Investments in market-critical solutions across a variety of industries continued throughout 2020 and included cloud accounting, AI, machine learning, predictive analytics and diagnostic tools, taxation of the digital economy, and drone technology. The continued cultivation of complementary services as well as internal investments into technology and culture have enabled growth and opportunity, allowing more than 91,000 BDO professionals to continue addressing their clients’ priority business issues.
 
Berson concluded, “I am proud of our organizational resilience at a time when the world is facing unprecedented challenges. Through BDO’s network around the globe, we were able to quickly respond to the needs of our clients - wherever they do business - and bring them the resources needed to address the many obstacles posed by the pandemic. By making the right investments in market solutions, innovation and our people, BDO will continue to help middle market organizations find success, as they seek to overcome challenges brought on by the pandemic at home and abroad.”
 
* including BDO’s exclusive alliances
 

About BDO USA
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 skilled 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 91,000 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. For more information please visit: www.bdo.com