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Professional Services

EY º£½ÇÊÓÆµ bounces back with growth in most divisions but consulting lags

The Big Four giant has reported that its fee income grew by 2% over the last financial year to £3.78bn

A view of Canary Wharf from the City of London(Image: PA)

Big Four group EY º£½ÇÊÓÆµ has seen a resurgence as its fee income increased by 2% over the previous financial year to £3.78bn, with most of its divisions witnessing growth.

The company's pre-tax distributable profits saw an increase of over 3%, rising from £653m in FY24 to £679m, while it also reported that the average distributable profit per partner rose by 9%, from £723,000 to £787,000.

EY recorded a revenue growth of 10% for its strategy and transactions business, 5% for tax, and 3% for assurance, while its financial services and consumer and health sectors were the top performers, growing by 5% and 9% respectively.

However, the firm's consulting revenues fell by 6%, reflecting tougher trading conditions, as reported by .

Over the past financial year, the firm recruited nearly 2,400 individuals and welcomed 59 new equity partners. This follows the firm's decision to let go of dozens of senior partners earlier this year and make approximately 150 senior consulting roles redundant in early 2025.

Anna Anthony, EY's managing partner for the º£½ÇÊÓÆµ & Ireland, said: "While the economic environment remains unpredictable and challenging, we have a clear strategy to drive our business forward and better support our clients."

Like its Big Four counterparts, EY has maintained a strong focus on technological investment over the past financial year, including a substantial global investment of $1bn (£749m) in audit technology, AI, and advanced data analytics.

In line with this tech-focused strategy, EY unveiled the EY.ai Agentic Platform in March 2025, developed in partnership with NVIDIA, to offer bespoke frameworks for creating and implementing responsible agentic AI solutions for both EY teams and clients.