Ernst & Young (EY) generated revenue of 49.4 billion U.S. dollars in 2023, almost half of which came from the Americas region. The next largest share of revenue was generated from the geographic area of Europe, the Middle East, India, and Africa (EMEIA).
Rising revenues
The combined worldwide revenue of EY continued to increase year-on-year, assisted by significant growth in the Americas region where revenue has more than doubled since 2010. Revenue streams also continued to rise across all four of the firm’s service lines: assurance, advisory, tax, and transaction advisory services. Interest in the firm’s advisory service line remains high as it helps clients to identify and manage issues in growth areas such as analytics and cybersecurity. The consulting service line reported the biggest year-on-year growth between 2022 and 2023, increasing by 21.6 percent.
Service with a smile
The accountancy profession is part of the tertiary sector of the economy, which focuses solely on providing services to customers. Working under the name of a single brand – such as EY – many independent accounting firms join forces to create a professional services network. EY employed almost 400,000 people worldwide in 2023, each providing specialist knowledge from their own branch of accounting. Around 112,000 of those employees worked in the assurance service line and were primarily tasked with auditing the financial records of clients to a high quality.
Combined revenue of EY worldwide from 2009 to 2023, by region
(in billion U.S. dollars)
EY is not a global corporate structure where ownership, legal control, or profits are consolidated at a central parent entity. The financial information presented here represents combined, not consolidated, revenues, eliminates inter-firm billings and includes expenses billed to clients.
* EMEIA = Europe, Middle East, India, Africa.
** Japan joined the Asia-Pacific Area on July 1, 2019 and therefore results were combined.
Figures have been rounded.
Values for previous years were taken from previous annual reports.
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EY. (September 12, 2023). Combined revenue of EY worldwide from 2009 to 2023, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/
EY. "Combined revenue of EY worldwide from 2009 to 2023, by region (in billion U.S. dollars)." Chart. September 12, 2023. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/
EY. (2023). Combined revenue of EY worldwide from 2009 to 2023, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/
EY. "Combined Revenue of Ey Worldwide from 2009 to 2023, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/
EY, Combined revenue of EY worldwide from 2009 to 2023, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/ (last visited September 19, 2024)
Combined revenue of EY worldwide from 2009 to 2023, by region (in billion U.S. dollars) [Graph], EY, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/189213/global-revenues-of-ernst-young-by-area/