BDO USA Revenue Rises, But at Slower Pace in Uncertain Economy

BDO USA P.A. said Thursday that fee revenue rose to $2.8 billion in its latest fiscal year, lifted by gains across all of its three major service lines.

The sixth-largest US accounting firm reported 13% growth in revenue for its fiscal year that ended on April 30. The previous year revenue had ballooned 25%, bringing in $2.5 billion on the strength of a booming advisory practice.

BDO’s assurance and tax practices saw fees grow 13% and 14%, respectively, in 2023. Those accounting-centered practices outpaced BDO’s advisory service, which grew just 12%—down sharply from 35% growth the previous year. Several ...