EY revenues hit $57bn as AI services demand surges
Summarised from 2 outlets · Updated 8 Oct, 18:37 · Archive
EY's global revenues rose 4.7 per cent to $57bn, with AI services growing nearly 50 per cent.
EY's global revenues rose nearly 5 per cent to $57bn in its latest financial year, with growth spread across all major service lines. The firm's strategy division, EY-Parthenon, led performance with a 7 per cent increase, whilst tax grew by 6 per cent, consulting by over 4 per cent, and assurance by 3 per cent.
AI-related services proved the standout performer, with sales skyrocketing by nearly 50 per cent due to client demand. Janet Truncale, EY's global chair and chief executive, said the growth 'reflects that shift, as organisations increasingly prioritise approaches that combine technology with deep industry knowledge, trusted relationships and human judgement'. EY said it invested $448bn over 2026 in training and development, focusing on AI capabilities.
The results come as EY's competitor Deloitte reported global revenue of $74.5bn, with its technology and transformation division declining amid pressure in the consultancy sector from AI. EY had withdrawn a study earlier this year after a probe revealed it contained apparent AI hallucinations and fake footnotes.
How it is being reported
- EY global revenues hit $57bn as AI demand fuels Big Four giant’s growthBig Four giant EY global revenues of $57bn (£43bn) rose nearly 5 per cent on the previous financial year. EY-Parthenon’s strategy arm led the firm’s overall growth across all services lines, with a 7 per cent increase. Tax grew by 6 per cent, consulting by over 4 per cent, and assurance by 3 per cent. [...]City AM · 8 Oct, 18:19
- EY challenges Deloitte in outsourcing as revenue growth acceleratesBig Four firm’s annual revenue rises 4.7% to $57bn as dealmaking and consulting services expandFinancial Times · 8 Oct, 17:00
In this story: EY · Deloitte · EY-Parthenon · Janet Truncale · PwC
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