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Accountancy Slice
North America
EY has reported a 4.7% increase in global revenue to $57bn for the year ending June 30th, accelerating from 4% growth the previous year and outperforming rival Deloitte’s 3.8% growth rate. The Big Four firm has strengthened its position in outsourcing, with managed services revenue rising 13% to approximately $7bn, supported by demand for tax compliance, IT, and cybersecurity services. Its strategy and deals division, EY Parthenon, recorded the strongest growth, with revenue increasing 7.4% to $6.8bn, benefiting from merger and acquisition activity. Consulting revenue rose 4.4% to $17.4bn, while tax increased 6% to $13.8bn and audit grew 3% to $18.9bn. EY also reported improved profitability, supported by operational restructuring and technology investments, and expects continued workforce growth despite increasing AI adoption.
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