KPMG is a leading consulting firm, and you may want to know its market cap to get a better idea about its size.
I’ve learned that KPMG is not a publicly traded firm, so it does not have a market cap.
But I did manage to find out that KPMG earned a revenue of $35 Billion last year. It has increased by $2.55 Billion this year with a growth rate of 9.1%.
In this article, I’ll discuss below:
- What is the KPMG market cap?
- How much is the revenue of KPMG for the past 10 years?
- Comparison of the KPMG revenue with other firm (Deloitte, PwC, and EY) in the Big 4.
KPMG Market Cap
KPMG is one of the Big 4 consulting services companies, and it does not have a market cap to help you know about its operating size.
But why is that? Why KPMG does not have a market cap?
Let me explain!
KPMG has offices in over 155 countries; it has structured itself as a network of firms (which operate as separate legal entities). They are collectively members of KPMG International Cooperative!
I learned that these member firms are owned by multiple partners, who:
- Handles relationships with clients
- Brings new business and revenue to the firm
- Devise long-term plans for KPMG (its value, goals, and mission)
This means KPMG is a partnership-based firm (partners own units of the company). It does not have any shares that you can buy or sell on the public stock exchange like other companies, such as:
However, this does not mean KPMG has no value in the market. Its revenue, which was $35 billion for the last fiscal year (with a 14% growth rate), shows its true worth. (Source)
Here’s an overview of the revenue growth of KPMG in its different service lines:
- Advisory: 19%
- Tax and Legal Services: 10%
- Audit: 8%
That’s not all! KPMG has reported an increase of $2.55 billion in revenue this year (with a growth rate of 9.1%) in these service lines:
- Audit, assurance, and risk consulting: 4%
- Enterprise: 23%
- Infrastructure, Places, and Assets: 22%
- Management Consulting: 12%
The company has maintained this growth despite a restricted consulting environment and uncertain global financial conditions.
KPMG Revenue For Past 15 Years
Now, let’s take a look at how KPMG’s finances have been doing in the past 15 years!
The table below will show you its revenue from the year 2007 to 2022.
|Year||Revenue in Billion|
I hope it’s clear to you now that the revenue of KPMG has gone up, and there is nothing holding it back.
According to the KPMG Global Chairman and CEO, Bill Thomas, “FY22 has been a strong year. KPMG firms’ financial performance validates an unwavering commitment to deliver services of the highest quality, through a multi-disciplinary approach that helps us to provide solutions to clients’ most difficult challenges and the stability and resilience to invest, even in hard times. But the true measure of our success is what we’ve been able to accomplish for those that rely on us most. ” (Source)
That’s quite an impressive financial journey for KPMG, don’t you think?
KMPG Revenue Comparison With Big 4
To give you a detailed insight into KPMG’s financial standing and its market share, I’ll compare its revenue with other companies (Deloitte, PwC, and EY) in the Big 4 list.
Deloitte is one of the main competitors of KPMG among the Big 4!
It continuously ranks among the top accounting firms around the world (due to its strong financial performance).
This year, Deloitte reported a global revenue of US$64.9 Billion, which shows an increase of 9.3% from last year’s stats. (Source)
Now, if I compare Deloitte’s revenue with that of KPMG, the difference is huge – about $29.9 billion!
This clearly means it has more market value and is bigger than KMPG in size.
PwC is another big name in the professional services network (presence in 152 countries, 364k employees). Last year, more than 129,829 professionals joined PwC offices around the world. (Source)
Just like KPMG, PwC offers a range of services to its clients worldwide, such as:
- Risk management
- Consulting and advisory
PwC’s recent stats reveal its current revenue of $53.1 billion (with a 5.6% annual growth rate). (Source)
When you compare these stats to KMPG, PwC comes on top regarding size. But Deloitte is still holding the flag.
EY’s (another leading Big 4 firm) expertise and global presence have greatly contributed to its strong financial performance.
For the fiscal year, the firm has recorded a global revenue of $49.4 billion. Its financial performance has shown a gain of 9.3%. (Source)
According to EY, this year was one of the most successful years for them (as its revenue increased by $4 billion)!
These stats show that KPMG is also behind EY and stands last among the Big 4. Its revenue pales in comparison to these firms.
However, after analyzing KPMG’s performance over the past decade and a half, I believe it may leave behind Deloitte, PwC, and EY (based on size and revenue) in the next few years.
In a nutshell, I’ve discussed the market cap of KPMG and explained it does not have one because its shares are not traded publically. I’ve also shed light on the revenue generated by KPMG over the years to let you know its market value and size.
Later in the guide, I compared the revenue of KPMG with other firms in the Big 4 list (Deloitte, PwC, EY).
I hope all of this info will help you analyze the financial standing of KPMG in the accounting consultancy industry.