EY’s Global Revenue Growth Slows With $51 Billion in Fees (1)

Ernst & Young’s global revenue climbed 3.9% last year in local currency, the firm announced Thursday, representing a steep decline from double-digit growth the accounting and consulting giant booked the previous year.

Fees totaled $51.2 billion for EY’s fiscal year that ended in June, with steady growth across the Big Four firm’s tax and assurance practices. EY’s strategy and transaction business posted a modest increase while consulting was flat in the face of market headwinds, the firm said.

In comparison, EY boasted 14% revenue growth during its 2023 fiscal year, with $49.4 billion in fees adding up to one ...