BDO reaches BRL 450 million in revenue in 2024

BDO Brazil closed 2024 with a record result. The fifth largest auditing and consulting firm in Brazil recorded a revenue of R$ 450 million, a figure that represents a growth of 22% compared to 2023. The number of professionals across the country exceeded the mark of 2.1 thousand, an increase of 17% compared to the previous year.

Among the factors that explain such growth is the maintenance of leadership in the middle market and consolidation in large companies – especially publicly traded companies. After the mandatory rotation, the balance was positive, with an increase of 8.5% of listed companies.

The firm also expanded its capillarity, with the inauguration of a new office in Palmas, Tocantins. In addition, it acquired the operations of Baker Tilly in Belo Horizonte and Brasília, expanded the offices of the capital of Minas Gerais, Uberlândia and Sorocaba and reinforced its team of leaders with the contratations of directors and the incorporation of new partners.

“We had a very positive year. Even in the face of the weaknesses of the economy, we managed to show the market the quality of our deliveries. This attracted new customers in a very natural way”, explains Raul Corrêa da Silva, CEO of BDO. “We took advantage of the open window of opportunity because we assumed some customers with media repercussions and, at the same time, we strengthened our team”, he adds.

The prospects for 2025 are even better. BDO already has the expansion of three offices: Curitiba, Goiânia and Rio de Janeiro, in addition to the opening of a new base in the Northeast. The city chosen is João Pessoa, in Paraíba, and the inauguration is scheduled for this first semester.

“For this year, we are analyzing new acquisitions to accelerate our growth and not just in the audit area”, reveals Corrêa. “We also foresee an increase in the demand for services in the tax area due to the tax reform and the new rules of transfer price and we will present new products in the areas of Advisory and Controllership”, he highlights.

global bdo

Globally, BDO obtained combined US$ 15 billion tickets for the fiscal year that ended on September 30, 2024, which represents an increase of 7% compared to the previous year. All service lines maintained good performance.

The Americas region had an increase of 5.5%. In North America, the combined growth of Canada and the US market was 4%, while Mexico's key market experienced a 15% increase in inflows.

In South America, Brazil (+25%) and Colombia (+24%) were highlights, driven mainly by the continuous investment in technology and people development, which generated recognition and the fortress in the market. “In Brazil, specifically, we had an impulse with the entry of new big customers, in addition to maintaining the leadership in the middle market”, reiterates Corrêa.

global strategy

The year was marked by a global unified growth strategy by BDO, whose objective is to provide global solutions to international customers, combining the local experience of diverse equipment with cutting-edge innovation and technology. “Our global strategy focuses on a balanced and sustainable growth that meets the needs of our customers, as we maintain the core purpose and values of our brand within a culture in which our people can thrive,” says Pat Kramer, BDO's global CEO.

In 2024, the BDO Labor Force grew at all levels and service lines reaching around 120,000 professionals in the 1,800 offices around the world – an increase of 3.4%.

technological change

In 2024, BDO introduced its secure platform of Generative Artificial Intelligence (IA), enabling its equipment to use the most advanced technology and offer the best value to the businesses they serve.

“ Technology is a key driver of our global strategy, backed by significant investments in technology, sustainability and AI. We are committed to digital transformation to create lasting benefits for our customers and our people”, defines Trond-Morten Lindberg, Global Director of Strategy and Operations. BDO Brazil closed 2024 with a record result. The fifth largest auditing and consulting firm in Brazil recorded a revenue of R$ 450 million, a figure that represents a growth of 22% compared to 2023. The number of professionals across the country exceeded the mark of 2.1 thousand, an increase of 17% compared to the previous year.

Among the factors that explain such growth is the maintenance of leadership in the middle market and consolidation in large companies – especially publicly traded companies. After the mandatory rotation, the balance was positive, with an increase of 8.5% of listed companies.

The firm also expanded its capillarity, with the inauguration of a new office in Palmas, Tocantins. In addition, it acquired the operations of Baker Tilly in Belo Horizonte and Brasília, expanded the offices of the capital of Minas Gerais, Uberlândia and Sorocaba and reinforced its team of leaders with the contratations of directors and the incorporation of new partners.

“We had a very positive year. Even in the face of the weaknesses of the economy, we managed to show the market the quality of our deliveries. This attracted new customers in a very natural way”, explains Raul Corrêa da Silva, CEO of BDO. “We took advantage of the open window of opportunity because we assumed some customers with media repercussions and, at the same time, we strengthened our team”, he adds.

The prospects for 2025 are even better. BDO already has the expansion of three offices: Curitiba, Goiânia and Rio de Janeiro, in addition to the opening of a new base in the Northeast. The city chosen is João Pessoa, in Paraíba, and the inauguration is scheduled for this first semester.

“For this year, we are analyzing new acquisitions to accelerate our growth and not just in the audit area”, reveals Corrêa. “We also foresee an increase in the demand for services in the tax area due to the tax reform and the new rules of transfer price and we will present new products in the areas of Advisory and Controllership”, he highlights.

global bdo

Globally, BDO obtained combined US$ 15 billion tickets for the fiscal year that ended on September 30, 2024, which represents an increase of 7% compared to the previous year. All service lines maintained good performance.

The Americas region had an increase of 5.5%. In North America, the combined growth of Canada and the US market was 4%, while Mexico's key market experienced a 15% increase in inflows.

In South America, Brazil (+25%) and Colombia (+24%) were highlights, driven mainly by the continuous investment in technology and people development, which generated recognition and the fortress in the market. “In Brazil, specifically, we had an impulse with the entry of new big customers, in addition to maintaining the leadership in the middle market”, reiterates Corrêa.

global strategy

The year was marked by a global unified growth strategy by BDO, whose objective is to provide global solutions to international customers, combining the local experience of diverse equipment with cutting-edge innovation and technology. “Our global strategy focuses on a balanced and sustainable growth that meets the needs of our customers, as we maintain the core purpose and values of our brand within a culture in which our people can thrive,” says Pat Kramer, BDO's global CEO.

In 2024, the BDO Labor Force grew at all levels and service lines reaching around 120,000 professionals in the 1,800 offices around the world – an increase of 3.4%.

technological change

In 2024, BDO introduced its secure platform of Generative Artificial Intelligence (IA), enabling its equipment to use the most advanced technology and offer the best value to the businesses they serve.

“ Technology is a key driver of our global strategy, backed by significant investments in technology, sustainability and AI. We are committed to digital transformation to create lasting benefits for our customers and our people”, defines Trond-Morten Lindberg, Global Director of Strategy and Operations.