KPMG generated approximately 14.6 billion U.S. dollars in revenue from Europe, the Middle East, Africa and India (EMA) in 2022. The revenue from this region contributed to the accounting firm achieving annual revenue of almost 35 billion U.S. dollars worldwide in 2022.
Europe a key market for KPMG
Compared to 2021, the revenue generated in the Asia Pacific region increased by around 13 percent in 2022. Furthermore, the revenue generated in the EMA region increased by over ten percent, and in the Americas by over 16 percent. The accounting firm – also known as an audit firm or professional services network – provides its clients with services in three main areas: audit, advisory, and tax. In 2022, the combined revenue from the firm’s audit and advisory service lines generated almost 30 billion U.S dollars worldwide. Regionally, growth in the number of clients seeking auditing advice in Europe led to revenue from the auditing service line in the EMA increasing to around 4.85 billion U.S dollars in 2019.
The decade of the merger
The accounting industry experienced a period of significant change during the 1980s, as eight firms sought ways to gain advantages in new international markets. Peat Marwick International (PMI) was one member of the Big Eight looking for ways to meet the growing global demand for professional services; Klynveld Main Goerdeler (KMG) was a smaller firm operating outside of the Big Eight and struggling to make an impression. In 1987, the two firms agreed to a merger that made strategic sense to both and immediately made the newly formed KPMG the largest accounting firm in the world. As competition for international clients intensified, two further mega mergers took place at the end of an extraordinary decade in the accounting industry, as the Big Eight became the Big Six in 1989.
Revenue of KPMG worldwide from 2010 to 2022, by region
(in billion U.S. dollars)
KPMG refers to KPMG International (KPMG International Cooperative), a Swiss entity that serves as a coordinating entity for a network of independent member firms operating under the KPMG name, and/or to any one or more of such firms. KPMG International neither provides client services nor generates any revenue.
* EMA = Europe, Middle East, Africa and India.
Values up to 2018 were taken from previous editions.
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KPMG. (December 12, 2022). Revenue of KPMG worldwide from 2010 to 2022, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 02, 2023, from https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/
KPMG. "Revenue of KPMG worldwide from 2010 to 2022, by region (in billion U.S. dollars)." Chart. December 12, 2022. Statista. Accessed December 02, 2023. https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/
KPMG. (2022). Revenue of KPMG worldwide from 2010 to 2022, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 02, 2023. https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/
KPMG. "Revenue of Kpmg Worldwide from 2010 to 2022, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Dec 2022, https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/
KPMG, Revenue of KPMG worldwide from 2010 to 2022, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/ (last visited December 02, 2023)
Revenue of KPMG worldwide from 2010 to 2022, by region (in billion U.S. dollars) [Graph], KPMG, December 12, 2022. [Online]. Available: https://www.statista.com/statistics/189448/global-revenues-of-kpmg-by-region/