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Deloitte has reported a global revenue rise of 5%, reaching $70 billion in its most recent financial year.
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This marks a significant recovery for the firm, which has been facing challenges from a dip in post-pandemic demand.
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However, Deloitte’s UK branch experienced its first revenue drop in 15 years.
The Big Four firm Deloitte is witnessing a rebound in business, contrasting with the decreased performance faced by many consulting firms dealing with weak demand for their services.
Deloitte announced on Tuesday that its global revenue has grown by 5%, reaching $70.5 billion for the financial year ending on May 31, 2025.
In the prior financial year, Deloitte experienced a sharp decline in growth rate from 14.9% to just 3.1%.
“Clients worldwide are placing their confidence in Deloitte to navigate an era marked by extraordinary complexity and transformation,” stated Joe Ucuzoglu, Deloitte’s global CEO, in an official release.
At the start of the 2025 financial year, Deloitte restructured its main business lines, reducing them from five to four. Additionally, the firm was impacted by the Trump administration’s DOGE cost-cutting initiative in February 2025, leading to the loss of several government contracts.
Deloitte also reported an increase in its global workforce by 10,000, bringing the total to 470,000 employees.
Performance was particularly strong in the Americas and Asia-Pacific, with growth rates of 7.1% and 4.9% respectively. In contrast, Deloitte’s UK sector saw less favorable results.
For the first time in 15 years, Deloitte UK reported a year-on-year decline in revenue.
The UK division’s annual revenue was £5.68 billion ($7.6 billion) for the year ending on May 31, 2025, representing a 1% decrease compared to the previous year, and this figure includes the firm’s office in Switzerland.
Growth for Deloitte UK has diminished over recent years, dropping from 14% to 2.4% in the 2024 financial year. However, this is the first registered decline since the Great Recession period of 2009 and 2010.
“Challenges in geopolitics and persistent economic pressures have prompted many organizations to manage their expenses closely and postpone certain investments,” remarked Richard Houston, the CEO of Deloitte UK and a senior partner, in a press release. He characterized the firm’s results as “solid outcomes in a challenging market.”
Deloitte’s consulting division in the UK experienced a contraction of 10%, dropping to £1.67 billion ($1.9 billion), a decline attributed to clients delaying investments in large-scale transformation projects.
In light of the demand slump, the CEO mentioned that Deloitte UK has “needed to reassess and adapt the structure of our firm.”
