BDO secures spot among Australia’s top five accounting firms in AFR 2025 list

Leading accounting and professional services firm, BDO in Australia, proudly announces another record-breaking year. The firm achieved an impressive $606.5 million in revenue for the financial year ending 30 June 2025, marking a 12 per cent year-on-year growth, well above industry benchmarks and placing BDO among the top growing firms in Australia.

“Reaching $600m in revenue is a significant achievement for BDO. It demonstrates that, even though there has been disruption in recent years, clients continue to seek out professional services with specialist expertise. Achieving another strong year of percentage growth is also testament to our commitment to our people and our clients,” said BDO chief executive partner, Mr Tony Schiffmann.

BDO’s standout performance is underpinned by its investment in talent and leadership. This year, BDO bolstered its partner ranks, promoting 33 individuals to the position of partner as well as 40 Director appointments.

In addition, BDO approved 39 lateral hires last financial year. These appointments build BDO’s capability to grow in areas such as risk advisory and project and infrastructure, and will take BDO close to 350 partners in 2025 and almost 3,000 employees.

Despite continued disruption across corporate and government sectors, BDO has continued to see significant growth in its client base and a growing portfolio of new clients. The firm’s consistent above-industry growth over the past four years reflects its agility and relevance in the market. BDO anticipates continued disruption in the markets in which it operates for the next two to three years and expects to maintain a growth rate of approximately 12 per cent in FY2026, driven by recent strategic investments in its people.

According to incoming chief executive partner David Garvey, BDO's distinctive edge is its steadfast commitment to its people, firm culture, and clients. 

“Our key competitive advantage is our unwavering commitment to building up our people, investing in and creating an environment where they thrive,” said Mr Garvey.

“The changing market [in which we operate] is forcing firms to make larger investments in technical and non-technical skills; technology; communication, business development, and client service. All contribute to our system of quality management. 

“Our clients are the ultimate beneficiaries, and the demand for our expertise continues to grow each year.”

As BDO continues to take market share, Mr Garvey emphasised the firm’s diverse client base, including government and public sector, listed companies, large global entities, and privately owned entrepreneurial businesses, noting, “Privately owned entrepreneurial businesses are at the heart of BDO's market. They create significant employment opportunities and substantially contribute to the Australian economy.”

“We are not just focused on attracting new work and new clients,” Mr Garvey continued.

“We’re prioritising and building expertise to align with the needs of our current clients and meeting their growing requirements all the time.”

Looking ahead, BDO is making strategic investments to support future growth. This includes new premises in almost all major offices to elevate employee experience and foster collaboration.

“As we move into our next chapter, our focus remains on delivering exceptional outcomes for clients while creating an environment where our people can do their best work,” said David Garvey as incoming Chief Executive Partner.

BDO’s long-standing chief executive partner, Tony Schiffmann, will hand over the reins to David Garvey at the end of this year (1 December 2025). Mr Schiffmann will remain with the firm and has been appointed to BDO Global Chair role (from Nov 2025).

Further reading, AFR subscribers can access the full articles in AFR Top 100 Accounting List:

 
For media enquiries:

Jane Ward
Senior Manager, Media
E: Jane.Ward@bdo.com.au
Ph: +61 7 3173 5424