Big 4 Accounting Firm, KPMG, announced global revenues of $25.42 billion for their fiscal year ended September 30, 2016.
This is an increase of almost a billion dollars of revenue when compared to their $24.44 billion of revenues for 2015.
This represents a growth of about 8% in local currency terms and real growth of about 4%.
The mix of revenue was $10.12 billion in audit, $9.74 in advisory and $5.56 in tax.
Advisory had the most growth for KPMG. Advisory grew by 11.5% in 2016. Advisory grew from $9.1 billion in revenue in 2015 to $9.74 billion in 2016.
Revenue by Region
KPMG has 3 regions for measuring financial results. Those regions are EMA (Europe, the Middle East, and Africa), Americas and Asia.
KPMG’s best performing region was their Europe, Middle east, and Africa region. That region earned $11.34 billion.
The next largest region was the Americas region with $10.02 billion in revenue.
KPMG’s smallest region was the Asia Pacific region. This region brought in $4.06 billion.
KPMG’s Asia Pacific region saw the highest growth rate with a 9.8% growth rate.
The Americas had the second most growth with a growth rate of 9.6%.
KPMG Number of Employees
The Number of employees working at KPMG grew to 188,982 in 2016. This represents a growth of about 8.6% in headcount.
KPMG had 9,843 partners as of their fiscal year ended September 30, 2016. That is a growth of about 400 partners compared to the 9,445 KPMG partners in 2015.
The number of non-partner KPMG professionals grew from 134,064 to 147,028 in 2016.
Support staff grew from 30,456 to 32,111 in 2016.
KPMG people by region
KPMG’s EMA region has the most employees with 96,404 people. Their Americas region has the second most people with 54,111. Asia has the least number of employees with 38,467.
Other Big 4 Accounting Firms Revenue
Deloitte had revenues of $36.8 billion in 2016. This was real growth of about 4.5% and local currency growth of 9.5%.
PwC announced revenues of $35.9 billion for their fiscal year ended 2016. They only grew revenues by about $500 million from their 2015 revenue number of $35.4 billion.
EY had revenues of $29.6 billion in 2016. This is growth of almost one billion dollars from their revenue of $28.7 billion in 2015.
As you can see, KPMG lags behind all of their Big Four counterparts.
Other Big Four Accounting Firms Number of Employees
Deloitte had 244,400 employees as of their 2016 financial report. That was an increase from the 225,000 employees they had in 2015.
The number of employees working at PwC in 2016 was 223,000 versus 208,000 in 2015.
The number of employees working at EY in 2016 was 230,800. This was an increase from their 211,450 employees in 2015.
KPMG had a decent year in that they grew by about a billion dollars. They did not gain that much ground on the other big 4 accounting firms though. They did perform better than PwC with real dollar growth.
KPMG is going to need to be more aggressive to ever be able to compete with the other accounting firms on a true scale.