Year in review

KPMG UK recorded revenue growth of 1% to £2.99 billion in 2024. Despite a challenging political and economic backdrop that we have seen impact the market we have built strong foundations over the last three years to ensure our business is well placed for future growth.

Building a culture that matters

We are continuing to invest in our people and recognise their contribution. In FY24 we invested in talent - bringing in around 1,000 new students and promoting 10% more of our people to put the right skills and pipeline in place for the future.

After the success of Values Week in the UK last year, the concept was adopted globally, aimed at reaching our 265,000 colleagues. Global Values Week was a key part of delivering against our culture ambition and engaging our people to collectively live our values with 92% of colleagues believing KPMG is committed to building a culture guided by our values.

Creating an inclusive environment where all colleagues thrive and reach their full potential, whatever their identity or background is fundamental to the success of our firm. We are continuing to make progress towards our long term targets for 2030 and ensuring fairer representation. Our female representation across the firm is 50% with female student intake at 53% for this year.

We continue to invest in measures and initiatives to support our historically under-represented groups and this year launched two new IDE development programmes, Inspire and Elevate, these bring together the very best of our previous award-winning programmes into a new and refreshed offering for our colleagues to enable fairness and success across the business.

Opening our doors to allow wider access to the industry has seen us commit to supporting one million young people by 2030 and through in-office activities, events and campaigns with our strategic partnerships we have increased our reach this year by 92%

You can find out more on our dedicated Inclusion, Diversity & Equity pages.

Unlocking growth potential

We continue to invest in new technologies, AI, audit and our communities.

Our strong AQR results, closure of historic investigations, and reduction in non-financial sanctions, all demonstrate the progress we have made in FY24. Investing in our people, culture and technology in our audit practice, has helped drive sustainable audit quality, and we remain committed to continuous improvement. You can find out more about the steps we’re taking in our Transparency Report.

Our investment extends to the communities in which we live and operate. 44% our people either volunteered or fundraised to support causes important to them through 97,884 volunteering hours.

In June 2024, we selected FareShare as our new national charity partner. Over the next three years, we will work with FareShare to turn surplus food into social change and strengthen our communities across the UK .

You can find out more on our Community and Planet pages.