BDO USA Reports Revenue Increase of 10.9%, Surpassing $2 Billion

BDO USA, LLP, one of the nation's leading accounting and advisory firms, today announced revenue of $2,000,300,000 for the 12-month period ending April 30, 2021, representing a year-over-year increase of 10.9%. This is the ninth consecutive year of growth for the firm under CEO Wayne Berson's leadership.

"Amid the uncertainty and complexity of the past year, I'm proud that our people continued to adapt and innovate," said Wayne Berson, CEO of BDO USA. "Each of our practices demonstrated agility and resourcefulness, pivoting to meet the impacts of the pandemic as it evolved. Our professionals remained focused on exceptional client service, and our continued growth demonstrates their tenacity, creativity and commitment to finding solutions to overcome the unique challenges of this period, helping us to achieve this remarkable milestone."

In fiscal year 2021, BDO combined with nine organizations, opening offices in new markets, deepening its presence in existing markets and adding new strategic offerings to complement existing services. Building on the firm's organic growth, its expansion strategy contributed to revenue increases across all business lines, with advisory and tax seeing an increase in revenue of 17.1% and 17% respectively, as they responded to pandemic-related demand for services. Assurance (3%) also demonstrated growth thanks to an agile embrace of remote technology which enabled uninterrupted service delivery.

"Despite the pressures facing our industry, the broader business community and our nation at large, Wayne and the entire BDO USA leadership team have continued to deftly guide our growth strategy. By expanding into new markets and strategically adding services - while still delivering organic growth among our existing business lines - BDO USA has become a $2 billion firm," said Kelly Johnson, chair of the board of directors of BDO USA. "Each of our people have played a key part in this accomplishment by staying rooted in our people-first culture and leaning into an incredibly unique year of work to ensure client expectations were not only met but exceeded."

BDO remains committed to helping its people, clients and communities thrive. As the economy pivots from recovery to growth, BDO is focused on ensuring the lessons of the past inform the firm's strategic plans for sustainable, long-term growth in the future. "Our leadership team continues to invest into our people and prioritize fostering a culture of inclusivity, innovation, excellence and sustainability," said Berson. "I am proud to be part of an exceptional team that understands the importance of leading with purpose."

About BDO USA

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of skilled and committed professionals. The firm serves clients through more than 70 offices and over 750 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 91,000 people working out of over 1,650 offices across 167 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.