Professional services firm KPMG International has announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021 (FY21).
Reporting a 10% increase in US dollar revenues from FY20, this follows an extensive period of investment and focus on priority services and solutions addressing the challenges faced by businesses across the globe.
• Strong growth across functions: Advisory growing at 17%, Audit at 4% and Tax & Legal Services at 8%.
• During FY21, the global organization committed to a more than $1.5 billion investment to focus on a multi-year program to accelerate the delivery of its global environmental, societal and governance (ESG) plan and solutions.
• KPMG firms are focused on building an inclusive and diverse culture and have increased female diversity among leadership ranks to 27% of partners and directors.
“2021 was a strong year for KPMG. We achieved outstanding growth in a challenging business climate, unveiled KPMG: Our Impact Plan to help drive sustainable change across our organization, and launched a new global ESG plan to support our clients in achieving their goals of addressing the most existential challenges — while making a difference in the world,” Bill Thomas, Global Chairman & CEO, KPMG International.
“I am thankful to our talented teams who have worked tirelessly, in difficult circumstances, to ensure we met the rapidly evolving needs of our clients. We have focused first and foremost on enhancing quality and building trust. We have also worked with our leading ecosystem of alliances to support business and technology transformation. This year’s financial success is the result of KPMG firms coming together to chart a new trajectory for the global organization with a commitment to a bold ambition to become the most trusted and trustworthy professional services firm.”
Dr Rasheed Al-Qenae, Managing Partner in KPMG in Kuwait Said: “KPMG demonstrated great resolve at the face of uncertainty in the business landscape in 2021. We grew across all three functions (Advisory, Audit and Tax & Legal Services), paved the path for the implementation of environmental, social and governance (ESG) initiatives, driving sustainable change throughout the organization, and supported clients in achieving their goals and tackling existential roadblocks.”
“Throughout the course of the year, we strived to make a difference in the communities that we operated in and worked closely with our alliances to facilitate the business transformation and technology enablement necessary to sustain business in the disrupted reality.
“All of this would not have been possible without the talented teams that put in countless hours to ensure that the demands of clients were being met even during testing times — I cannot thank them enough for that. The future for us as an organization is to become more trustworthy in terms of the services that we offer and with the quality that we have delivered, along with the trust that we have been building upon this year, as we navigate toward a digital-first reality, the outlook is promising,” he added.
Audit achieved total revenues of $11.46 billion, while tax and Legal services achieved revenues of $7.02 billion across all KPMG firms globally in FY21.
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