BDO continues to grow and exceeds the €500 million turnover mark for the first time
BDO continues to grow and exceeds the €500 million turnover mark for the first time
BDO AG Wirtschaftsprüfungsgesellschaft is consistently continuing its growth: in the 2024/25 financial year[1], BDO achieved record revenue of €508.3 million – an increase of 10.2 per cent compared with the previous year. This marks the first time the company has exceeded the half-billion-euro mark and the fourth consecutive year of double-digit revenue growth. Digitalisation and the use of artificial intelligence (AI) are the key drivers of this growth.
“Demands are rising – but our strategy is working. The strong figures are the result of clear decisions and the hard work of all our colleagues. We are well positioned – internally, within our global network and together with our clients,” emphasise the two co-CEOs, Andrea Bruckner and Parwäz Rafiqpoor.
All business segments are growing in unison
The three core business segments contributed equally to growth. The Audit & Assurance division generated revenue of €223 million (+9.3 per cent) and, at 44 per cent, accounts for the largest share of total revenue. Tax & Legal increased revenue to €202 million (+10.8 per cent, 39.8 per cent of total revenue). The Advisory business segment recorded the strongest growth at +11.3 per cent to €82 million, corresponding to a 16.2 per cent share of total revenue.
BDO also expanded its workforce in the past financial year: with an increase of 3.1 per cent, the company now employs over 3,350 staff across 28 locations in Germany.
BDO in Germany – Financial Year 2024/25
Artificial intelligence as a driver of quality and efficiency
Key investments across all business areas focus on digital solutions and, in particular, the use of artificial intelligence. BDO does not use AI as an end in itself, but rather where it measurably enhances the quality and efficiency of work – from audit and tax advisory to advisory services. Both nationally and within its global network, BDO is investing heavily in its own compliance-compliant technological infrastructure. Staff from Germany are also actively involved in the international development of audit and tax tools.
In auditing, the use of modern technologies, including AI, is an integral part of delivering first-class audit and assurance services. On the one hand, BDO uses tools and platforms that optimise and improve the audit process through data analysis using AI. On the other hand, BDO supports clients within the framework of IT and governance processes and with internal controls regarding the use of AI, as well as the auditing of AI systems. The early and active involvement of staff is also central to the successful deployment of new technologies. Only if everyone is involved from the outset and recognises the added value can the improvements in efficiency and quality become tangible in day-to-day work.
“Digitalisation and the use of AI relieve the burden on our audit teams by automating repetitive tasks, thereby enabling a greater focus on audit-relevant matters. Furthermore, audit quality is enhanced. We use AI transparently and responsibly as an assistance system. The final decisions and audit judgements remain with humans,” emphasises Andrea Bruckner, CEO of BDO in Germany.
Tax Technology ensures fast and verifiable decisions
In the area of tax and legal advisory services, the firm’s proprietary Tax & Legal Technology platform enables the full integration of tax, financial and legal data – from resource planning to reporting – through a unified data model. This automates processes, reduces compliance risks and creates a transparent basis for decision-making. Medium-sized companies in particular, which often work with system landscapes that have evolved over time, benefit from this integrated approach.
Colleagues from Germany play a leading role in these technological developments in the field of tax technology within the global network and are driving decisive progress across BDO as a whole.
“We combine technological solutions with tax expertise, compliance requirements and a clear understanding of existing business processes. This results in solutions that are not simply implemented, but actually work in day-to-day operations and deliver added value,” says Parwäz Rafiqpoor, CEO of BDO in Germany, summarising the firm’s service offering.
Advisory: Cyber resilience as a key competitive factor for businesses
Companies have, on the whole, developed a greater awareness of the need to address their own cyber security and resilience. Issues such as business continuity, incident response and crisis management are increasingly being embedded at board level and are no longer viewed exclusively as IT matters. Regulatory requirements such as NIS-2 and DORA have also contributed to this growing importance.
The interdisciplinary expertise in digital consulting and cyber security, combined with the comprehensive service portfolio of BDO AG Wirtschaftsprüfungsgesellschaft and the legal advice provided by our cooperation partner BDO Legal, offers a clear unique selling point compared to pure IT consultancies.
Opportunity for international growth through the global BDO network
A significant proportion of BDO’s business has an international dimension. With just under 115,000 employees (including around 20,000 in Alliance firms) across 169 countries, BDO offers integrated, cross-border solutions to internationally active companies and SMEs operating across borders. The aim is to further harmonise the range of services and improve quality within the network.
“Demands are rising – but our strategy is working. The strong figures are the result of clear decisions and the hard work of all our colleagues. We are well positioned – internally, within our global network and together with our clients,” emphasise the two co-CEOs, Andrea Bruckner and Parwäz Rafiqpoor.
All business segments are growing in unison
The three core business segments contributed equally to growth. The Audit & Assurance division generated revenue of €223 million (+9.3 per cent) and, at 44 per cent, accounts for the largest share of total revenue. Tax & Legal increased revenue to €202 million (+10.8 per cent, 39.8 per cent of total revenue). The Advisory business segment recorded the strongest growth at +11.3 per cent to €82 million, corresponding to a 16.2 per cent share of total revenue.
BDO also expanded its workforce in the past financial year: with an increase of 3.1 per cent, the company now employs over 3,350 staff across 28 locations in Germany.
BDO in Germany – Financial Year 2024/25
| Key figures | Revenue in € million | Change on previous year in per cent | Share of revenue in per cent |
| Total revenue | 508.3 | +10.2 | - |
| Audit & Assurance | 223.4 | +9.3 | 44.0 |
| Tax & Legal | 202.4 | +10.8 | 39.8 |
| Advisory | 82.5 | +11.3 | 16.2 |
| Female employees and staff |
3,350 | +3.1 | - |
Artificial intelligence as a driver of quality and efficiency
Key investments across all business areas focus on digital solutions and, in particular, the use of artificial intelligence. BDO does not use AI as an end in itself, but rather where it measurably enhances the quality and efficiency of work – from audit and tax advisory to advisory services. Both nationally and within its global network, BDO is investing heavily in its own compliance-compliant technological infrastructure. Staff from Germany are also actively involved in the international development of audit and tax tools.
In auditing, the use of modern technologies, including AI, is an integral part of delivering first-class audit and assurance services. On the one hand, BDO uses tools and platforms that optimise and improve the audit process through data analysis using AI. On the other hand, BDO supports clients within the framework of IT and governance processes and with internal controls regarding the use of AI, as well as the auditing of AI systems. The early and active involvement of staff is also central to the successful deployment of new technologies. Only if everyone is involved from the outset and recognises the added value can the improvements in efficiency and quality become tangible in day-to-day work.
“Digitalisation and the use of AI relieve the burden on our audit teams by automating repetitive tasks, thereby enabling a greater focus on audit-relevant matters. Furthermore, audit quality is enhanced. We use AI transparently and responsibly as an assistance system. The final decisions and audit judgements remain with humans,” emphasises Andrea Bruckner, CEO of BDO in Germany.
Tax Technology ensures fast and verifiable decisions
In the area of tax and legal advisory services, the firm’s proprietary Tax & Legal Technology platform enables the full integration of tax, financial and legal data – from resource planning to reporting – through a unified data model. This automates processes, reduces compliance risks and creates a transparent basis for decision-making. Medium-sized companies in particular, which often work with system landscapes that have evolved over time, benefit from this integrated approach.
Colleagues from Germany play a leading role in these technological developments in the field of tax technology within the global network and are driving decisive progress across BDO as a whole.
“We combine technological solutions with tax expertise, compliance requirements and a clear understanding of existing business processes. This results in solutions that are not simply implemented, but actually work in day-to-day operations and deliver added value,” says Parwäz Rafiqpoor, CEO of BDO in Germany, summarising the firm’s service offering.
Advisory: Cyber resilience as a key competitive factor for businesses
Companies have, on the whole, developed a greater awareness of the need to address their own cyber security and resilience. Issues such as business continuity, incident response and crisis management are increasingly being embedded at board level and are no longer viewed exclusively as IT matters. Regulatory requirements such as NIS-2 and DORA have also contributed to this growing importance.
The interdisciplinary expertise in digital consulting and cyber security, combined with the comprehensive service portfolio of BDO AG Wirtschaftsprüfungsgesellschaft and the legal advice provided by our cooperation partner BDO Legal, offers a clear unique selling point compared to pure IT consultancies.
Opportunity for international growth through the global BDO network
A significant proportion of BDO’s business has an international dimension. With just under 115,000 employees (including around 20,000 in Alliance firms) across 169 countries, BDO offers integrated, cross-border solutions to internationally active companies and SMEs operating across borders. The aim is to further harmonise the range of services and improve quality within the network.
[1] The global BDO organisation, and consequently the German BDO Group, report on a uniform basis worldwide for the period from 1 October to 30 September of each year. The figures provided in this press release relate to the period from 1 October to 30 September of the following year. In this respect, the figures are not fully comparable with those in the national consolidated financial statements of BDO AG Wirtschaftsprüfungsgesellschaft as at 30 June.