BDO USA reported annual revenue Thursday of $2,822,600,000 for the fiscal year ending April 30, 2023, a year-over-year increase of 13.3%, as the firm moves to transition from a partnership to a professional service corporation.
Every practice area at the Chicago-based firm saw revenue increases, led by tax at 14.%, followed by assurance at 13.4% and advisory at 12.1%. This is the eleventh consecutive year of growth for BDO USA under the helm of
"Despite economic volatility and changing market conditions, BDO maintained its focus on supporting our people, clients and communities," Berson said in a statement. "This year's sustained success was the result of leading with a thoughtful growth strategy and embedding resilience into our operations. The ways we've become more adaptable range from building new and innovative client-facing solutions to the launch of our inaugural sustainability report."
BDO's first
The firm is transitioning to a professional services corporation this month, away from the traditional partnership model (
BDO USA has 77 offices across the country, with more than 12,000 total professionals, including over 800 partners.
Last November, BDO expanded its NetSuite capabilities by
Earlier this year, BDO appointed Eskander Yavar as national managing partner of advisory to oversee the continued development of the practice to contribute to the firm's growth. In audit and assurance, BDO has been continuing to develop its
