In 2023, EY generated a record global revenue of approximately 49 billion U.S. dollars. Between 2011 and 2023, the annual revenue of EY grew exponentially. The professional partnership firm saw their highest growth in almost two decades in fiscal year 2022.
EY - Global powerhouse
Ernst & Young is a global professional services firm and one of the Big Four auditing firms, the others being Deloitte, KPMG and PricewaterhouseCoopers (PwC). The company now abbreviates its name to EY since rebranding in 2013. EY provides several business services including, assurance, advisory, tax, and transaction advisory services. The company is spread globally with operations in Europe, the Middle East, Africa, the Americas, Asia-Pacific and Japan. Since 2010, the revenue of Ernst & Young has continuously grown, increasing nearly twofold in one decade.
Employee growth
In 2022, EY was the third third largest accounting firm in the world in terms of revenue, following Deloitte and PwC. In the same year the firm also ranked second in terms of employment with approximately 400,000 employees worldwide. The next largest was PwC with approximately 295,000 employees worldwide.
Global revenue sources
In 2023, EY generated the majority of its revenue in the Americas, grossing approximately 24 billion U.S. dollars. Prior to 2015, Ernst & Young consistently generated its highest revenues in the EMEIA (Europe, Middle East, India and Africa) business region, accumulating over 200 million U.S. dollars more than in the Americas in 2014.
Combined revenue of EY worldwide from 2009 to 2023
(in billion U.S. dollars)
Ernst & Young 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.
Values for previous years were taken from previous annual reports.
Figures have been rounded.
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EY. (September 12, 2023). Combined revenue of EY worldwide from 2009 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 10, 2024, from https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/
EY. "Combined revenue of EY worldwide from 2009 to 2023 (in billion U.S. dollars)." Chart. September 12, 2023. Statista. Accessed September 10, 2024. https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/
EY. (2023). Combined revenue of EY worldwide from 2009 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 10, 2024. https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/
EY. "Combined Revenue of Ey Worldwide from 2009 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/
EY, Combined revenue of EY worldwide from 2009 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/ (last visited September 10, 2024)
Combined revenue of EY worldwide from 2009 to 2023 (in billion U.S. dollars) [Graph], EY, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/250429/global-revenue-of-ernst-und-young/