KPMG Global Revenues Grow to Record US $29 Billion

LONDON, December 13, 2018 /PRNewswire/ --

Growth driven by investments in quality, technology, innovative services, alliances, and record number of new recruits

KPMG International today announced record aggregated network revenues of US$29 billion for the fiscal year ending 30 September 2018 (FY18), representing a 7.1% increase in local currency terms on FY17.

• Record high revenues for FY18 of US$28.96 billion, up from $26.40 billion in FY17
• Revenue growth for FY18 of 7.1% (in local currencies), up from 4.8% in FY17
• Advisory growing at 9.9%, the fastest growing of KPMG's three functions. Audit and Tax services also increasing their growth compared to FY17
• Consistently strong growth across each of KPMG's five industry sectors
• Accelerated investment in a multi-year program focused on driving quality, innovation, new technology, developing new client services and solutions, strengthening alliances with many of the world's leading technology companies
• More than 55,000 new hires, including 39,000 new graduates and other entry level professionals, with almost 10,000 new jobs created, taking the global workforce to a record-high of 207,000 people
• KPMG network continues to focus on building an inclusive and diverse culture, increasing female diversity among our leadership ranks to 24% of Partners and Directors, while broadly maintaining gender parity across our total workforce
• KPMG people continue to make contributing to their communities a priority, with more than 500,000 hours of volunteering in the past twelve months, including approximately 100,000 hours of pro-bono professional services

"We are making record investments in our business to help clients capitalize on the unprecedented transformation they are going through," said Bill Thomas, Chairman, KPMG International.

"We are committed to continuously improving the quality of every service we provide, recognizing the vital role we perform for clients and capital markets."

KPMG firms grew across all three geographic regions:

• Americas revenues grew 6.2% in FY18, up from 4.4% in FY17
• Asia Pacific delivered strong growth with revenues increasing 8.7% in FY18, an increase on the 8.1% recorded in FY17
• Europe, Middle East and Africa (EMA, including India) revenues increased 7.3% in FY18, up from 4.0% in FY17

Investing for future growth