Professional services firm EY has increased its distributable profit per partner following another year of UK revenue growth.
It has increased by 9%, from £723,000 to £787,000, with distributable profits before tax rising by 4% to £679 million. The first increase in two years brings partner pay near to the £803,000 average payouts that took place in 2023.
The firm also announced a UK fee income of £3.78 billion for the financial year ending 27 June 2025, achieving 2% revenue growth.
EY also saw a 10% revenue growth for its strategy and transactions business, 5% for tax and 3% for assurance, while consulting revenues decreased by 6% due to difficult trading conditions. Financial services and consumer and health were its top performing industry sectors, growing at 5% and 9% respectively.
Anna Anthony, regional managing partner at EY UK and Ireland, said: “We are proud to have delivered both revenue and income growth over the last 12 months. We have continued to invest in the skills and capabilities needed to support our future growth and deliver high quality innovative services for our clients, while also responding to areas of changing demand.
“Over the last financial year, we’ve hired nearly 2,400 people and admitted 59 new equity partners. While the economic environment remains unpredictable and challenging, we have a clear strategy to drive our business forward and better support our clients. I’m proud of the positive impact we’re continuing to make in a sector that will play a key role in supporting the UK’s future growth ambitions.”
Additionally, the firm’s charity EY Foundation has supported 4,000 young people, worked with 348 employers, and created 3,000 volunteering opportunities over the last financial year. Meanwhile, its corporate responsibility programme, EY Ripples, contributed to projects that positively impacted around five million lives through the support of more than 5,700 EY volunteers.
