Revenue of KPMG worldwide by region 2010-2019

KPMG generated almost 12.9 billion U.S. dollars in revenue from Europe, the Middle East, Africa and India (EMA) in 2019. The revenue from this region contributed to the accounting firm achieving a record annual revenue of 29.75 billion U.S. dollars worldwide in 2019.

Europe a key market for KPMG

KPMG reported growth across all three geographic regions in 2019, with income from the EMA and Americas accounting for more than 80 percent of the firm’s worldwide revenue. 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 2019, the combined revenue from the firm’s audit and advisory service lines generated over 23.1 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 2019, by region

RegionEMA*AmericasAsia Pacific
201912.8911.725.14
201812.9811.14.88
201711.510.484.42
201611.3410.024.06
201511.319.343.79
201412.458.513.86
201311.647.883.9
201211.517.454.07
201111.667.054
201010.836.373.43
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Source

Release date

December 2019

Region

Worldwide

Survey time period

2010 to 2019

Special properties

fiscal year ended September 30 of each year.

Supplementary notes

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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