With a total revenue of almost 65 billion U.S. dollars, Deloitte was the largest of the Big Four accounting firms in 2023. The combined revenue of the firms increased steadily in the last decade and exceeded 200 billion U.S. dollars in 2023.
The Big Four accounting firms
The leading accounting firms in the world are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG). The firms provide their clients with various professional services that include auditing, corporate finance, and legal advice. Consulting revenue accounted for around 40 percent of Deloitte’s record total in 2023, whereas PwC and EY received most of their revenue from auditing services.
International firms with workforces to match
When broken down by geographical region, the three biggest firms generated most of their revenue in the Americas region – KPMG’s most lucrative region was its network of firms in Europe, the Middle East, and Africa (including India). The United States has remained a major market for all four firms, where Deloitte generated nearly half of its total revenue in 2023. In terms of the number of employees, the four firms had a combined global workforce of more than one million people, as Deloitte once again led the way in 2023.
FAQs
The Big Four consist of PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY), and KPMG. These companies are the four largest accounting and audit firms worldwide. In 2023, they brought in more than 200 billion U.S. dollars in global combined revenue.
What is the Big Four revenue in 2023? ›
The Big Four consist of PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY), and KPMG. These companies are the four largest accounting and audit firms worldwide. In 2023, they brought in more than 200 billion U.S. dollars in global combined revenue.
Which Big 4 has the most revenue? ›
How much does the Big 4 generate yearly? ›
KPMG
| 2023 Annual Revenue in U.S. Dollars | # of Countries of Operation/Headquarters |
|---|
| Deloitte | $64.9 billion | 150/London, UK |
| PwC | $53.1 billion | 152/New York City, U.S. |
| EY | $49.9 billion | 150/London, UK |
| KPMG | $36 billion | 143/Amstelveen, Netherlands |
Turnover at CPA firms averages 15%, according to an INSIDE Public Accounting report, and turnover at professional services firms, including the Big Four accounting firms, averaged 13.4% in 2022. Almost 84% of accounting turnover is voluntary.
Who is no. 1 in Big 4? ›
In general, PwC and Deloitte are considered the most prestigious of the Big 4.
How much is Deloitte worth? ›
Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services with approximately 457,000 employees globally, and operates in over 150 countries. In FY 2023, the network earned revenues of US$64.9 billion in aggregate.
Which Big 4 is more prestigious? ›
A QUICK OVERVIEW OF THE FIRMS PwC is the largest by revenue and the most prestigious of the Big Four with a strong and established audit client base.
Is Deloitte or KPMG better? ›
While they are both considered prestigious firms, Deloitte is more known for its strategy work other than KPMG. As such, Deloitte S&A's salaries are usually higher than KPMG and exit opportunities are more likely to be in strategy & operations.
What is the smallest of the Big 4? ›
KPMG – The Smallest Giant
Though the smallest of the Big 4 accounting firms, KPMG still enjoys revenues three times as much as revenue as BDO, the fifth largest accounting firm. The company was formed in 1987 through the merger of Peat Marwick International and Klynveld Main Goerdeler.
Deloitte gives you the opportunity to learn and develop through working with the best and exploring the paths that are best for you. We provide a globally connected network that offers cross-geography mobility opportunities and approachable leadership to foster your growth and development.
Who audits Apple? ›
Ernst & Young has been hired to replace KPMG as auditor of Apple, the computer manufacturer. KPMG had been the company's independent registered accounting firm since 1997, CNNMoney.com reports, but Apple has a policy of reviewing its accounting firm every five years.
What is the revenue of KPMG? ›
Which Big 4 has highest revenue? ›
Revenue of the Big Four accounting/audit firms worldwide in 2023 (in billion U.S. dollars)
| Characteristic | Revenue in billion U.S. dollars |
|---|
| Deloitte | 64.9 |
| PwC | 53.09 |
| EY | 49.4 |
| KPMG | 36.4 |
Many accountants experience burnout at some point in their careers because of the long hours and constant high pressure of working in a Big 4 firm. It starts with struggling to cope with workplace stress. Over time, they are left feeling exhausted, empty, and unable to function or cope with everyday life.
What is the turnover rate at KPMG? ›
RSM have the strongest talent retention of all firms reviewed (66%), KPMG has the strongest retention of the Big 4 (57%). BDO has the highest attrition rate of all firms reviewed, they retain just 22% of their talent, EY has the lowest retention of the Big 4 at just 31%.
How much revenue does PwC make? ›
In the fiscal year of 2023, PwC generated approximately 53 billion U.S. dollars in aggregated gross revenue. PwC is one of the four largest accounting and audit firms in the world.
What is KPMG revenue? ›
KPMG global FY2023 revenues grow to US$36 billion with continued investment in Technology, Talent and ESG. Global revenues reflect robust growth with continued investment in Tech, Talent and ESG.
What is the revenue of Deloitte? ›
Who is the biggest out of the Big 4? ›
Big Four Accounting Firms Ranking by Revenue
| Big 4 Accounting Firms | 2022 | 2021 |
|---|
| Deloitte | $59.3 billion | $50 billion |
| PwC | $50 billion | $45.1 billion |
| Ernst and Young | $45.4 billion | $40 billion |
| KPMG | $34.64 billion | $32.1 billion |
Mar 5, 2024
