BDO announces financial results 2021.

Conscious investments, enabling BDO’s clients to be well positioned for the economic resurgence in the year ahead, have driven BDO’s balanced growth across the board, with global revenues reaching US$ 11.8 billion, supported by a strong 6.8% increase in headcount.

Continuous investment – Driven by new needs
Our clients have seen rapid and drastic change, with the biggest shift in the business world since the industrial revolution.  The pandemic has driven us to think and work differently.  BDO’s ongoing willingness to invest in cutting-edge technology has allowed us to stay close to our clients’ new needs and immediately respond, providing them with tools to help them achieve successful digital transformation and become a modern organisation of the future.  Our firms are now more connected than ever, sharing resources to support our clients and committed to growing business together.

Keith Farlinger, Global CEO, said “I am extremely proud of how our organisation and our people, through relentless agility and team effort, have turned around our entire operating model to redefine the future of our work.  At the same time, our firms have continued to operate with purpose; helping their people, their clients and their communities.  Our WHY – People helping people achieve their dreams – has never been more pertinent.”

Talent everywhere
BDO remains a people-powered business, seamlessly combining digital awareness with a true understanding of clients. In 2021, BDO firms recorded the largest ever intake of new partners and staff (+6.8%), many of whom are skilled in sustainability and digital advisory or with a background in STEM (Science, Technology, Engineering and Mathematics).

Tomorrow’s organisation will be entirely different to the organisation of today.  It will be more flexible.  The pandemic has demonstrated that working and collaborating remotely is both possible and beneficial, creating new opportunities for our firms to work together for the benefit of our clients. Outsourcing, flexible resourcing and building expert teams (utilising people from all over in the world) further delivers increased diversity and added value. 

The power of purpose

As a purpose-driven organisation, we do better.  Our WHY – People helping people achieve their dreams - shapes who we work with and how we support our colleagues, our clients and our communities. It is reflected in everything we do.

Keith Farlinger concludes: “We are at an intersection of people and purpose.  It is vital that we keep our culture and our people at the forefront of our business. Our workforce will continue to evolve and adapt to the ever-changing global business landscape, embracing new technology, new ways of working, new skill sets and new talent.  High performance teams, built with BDO professionals from anywhere in the world, will be tapping into the richness of that diversity and flexibility to drive success within our organisation. Our purpose will remain our strength, and our people will continue to remain our biggest asset.”

 

Note to editors

Service provision within the international BDO network of independent member firms (‘the BDO network’) is coordinated by Brussels Worldwide Services BV, a limited liability company incorporated in Belgium.
Each of BDO International Limited (the governing entity of the BDO network), Brussels Worldwide Services BV and the member firms is a separate legal entity and has no liability for another such entity’s acts or omissions. Nothing in the arrangements or rules of the BDO network shall constitute or imply an agency relationship or a partnership between BDO International Limited, Brussels Worldwide Services BV and/or the member firms of the BDO network.

BDO is the brand name for the BDO network and for each of the BDO member firms.

The fee income of the member firms in the BDO network, including the members of their exclusive alliances, was US$ 11.8 billion in 2021. These public accounting, tax and advisory firms provide professional services in 167 countries and territories, with 97,292 people and 1,728 offices worldwide.