Records 14.8 Percent Increase – More Than $1 Billion – in Fiscal 2015 U.S. Revenue; Strategic Investments in People, Key Services and Markets, and Innovation Driving Growth
KPMG in the U.S. posted a 14.8 percent revenue increase for its 2015 fiscal year – adding more than $1 billion in revenue – to $7.9 billion. KPMG’s year-over-year revenue percentage growth makes it the fastest-growing Big Four professional services firm in the U.S. for the second year in a row, according to analysis by industry publications Accounting Today and International Accounting Bulletin.
Driving KPMG’s growth in FY15 were the firm’s investments in its people, including the aggressive hiring of senior-level talent; advanced training and tools to further strengthen quality and capabilities; and innovation in key technologies, services and markets. Each of KPMG’s three primary businesses realized double-digit growth. Revenue from the firm’s Advisory business grew 17.9 percent in fiscal 2015; with 14.1 percent growth recorded in Audit, and 12.6 percent in Tax.
“Our solid financial performance is one metric by which we measure success, and what these results really speak to is the strength of our inclusive, purpose-driven culture and the strategic investments we’ve made,” said Lynne Doughtie, Chairman and CEO, KPMG LLP. “Our people identify and embrace a higher purpose in their work, seeing themselves as stewards who are contributors to strong capital markets; innovators who embrace the challenge of helping our clients build better businesses; and champions of vibrant communities where we live and work.”
KPMG continues to add – and retain – top talent, while creating career growth opportunities for all its people. Earlier this month, KPMG was once again named one of the country’s “100 BestCompanies to Work For” by FORTUNE magazine, advancing 20 spots to no. 43 – the best ranking in firm history on the prestigious annual list. It achieved the added distinction of being the highest-ranked Big Four professional services firm for the second consecutive year.
KPMG completed several strategic acquisitions in FY15 that enhanced its capabilities in key areas such as business and HR transformation, global trade management services, and healthcare, energy, and government advisory services.
The firm also announced an expansion of its strategic relationship with Microsoft to jointly deliver innovative new solutions and services in data and analytics, cloud compliance and business transformation solutions. The firm additionally launched six new alliances and client-focused initiatives to further broaden its scope of services to clients, in areas such business transformation, information security, governance, risk, compliance, and IT advisory services.
“Our investments in innovation expanded the breadth and depth of our services and, when combined with the deep industry expertise of our professionals, are highly valued by clients,” said Doughtie. “Our recent agreement with IBM to apply IBM Watson’s cognitive technology to KPMG’s professional services is an important example of our consistent focus on innovation and our broader commitment to reinforcing confidence in the capital markets.”
Other noteworthy initiatives, achievements and recognitions by KPMG in 2015 included the following:
About KPMG LLP
KPMG is one of the world’s leading professional services firms, providing innovative business solutions and audit, tax and advisory services to many of the world’s largest and most prestigious organizations.
KPMG is the fastest growing Big Four professional services firm in the United States and is widely recognized for being a great place to work and build a career.
Our people share a sense of purpose in the work we do, and a strong commitment to community service, diversity and inclusion, and eradicating childhood illiteracy.
Learn more at www.kpmg.com/us.
KPMG LLP is the U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries