KPMG reported global revenue of $39.8bn for the year ending September, marking a 5.4% increase. This growth outperformed its Big Four competitors, Deloitte, EY, and PwC, which reported lower growth rates. KPMG’s tax business saw a 7.5% revenue increase as clients navigated global tax reforms. The assurance division also grew by 6%, attributed to enhanced audit quality and AI investments. Global chair and chief executive Bill Thomas commented: “Our results show that the multibillion-dollar investments we’ve made are driving sustainable growth across KPMG globally.” KPMG still trails behind its rivals in overall revenue.
