- KPMG UK/Swiss Group reports first combined set of financial results with revenue of £3.6billion for 2025.
- The firm saw overall sales growth of 2% on the previous year, despite the challenging market.
- Total profit before tax recorded as £576million - up 14% on prior year
- Ongoing investment in technology and innovation underpin the firm’s strategy for long-term sustainable growth .
Jon Holt, Group Chief Executive and UK Senior Partner, KPMG said:
“The merger of KPMG UK and Switzerland was a defining moment for our firm and our first year has brought new and exciting opportunities for our clients, our people and the communities we work in.
“Despite the difficult market, we have continued to invest in our brilliant people, their skills, and our talent pipeline with more promotions, increases in colleague bonus spend of 18% across the Group and by boosting our learning offer.
“By combining our ongoing investment in new technologies with the expertise of our people, we are well-positioned to help our clients navigate uncertainty, transform with AI, and grow successfully.
“Our industry is central to this country’s economic strength, and while the outlook remains challenging, we have the right strategy in place to move forward with our plans for long-term sustainable growth.”
Financial performance
KPMG UK/Swiss Group reported revenue of £3.6billion for its year ended 30 September 2025. This is the first year of combined financial reporting following the merger of the UK and Swiss businesses on 1 October 2024.
The Audit business grew by 5%, and Tax and Legal increased sales by 6% in response to client demand for advice on complex regulatory changes. Advisory saw a decrease of 3%, against the backdrop of a difficult consulting and deals trading environment. This led to overall sales growth of 2%.
Following careful cost management in response to the economic cycle, KPMG UK/Swiss Group reported £576million profit before tax. Distributable profit per partner averaged £880,000 – an increase of 11%.
Given ongoing headwinds and industry-wide lower levels of attrition, the firm continues to focus on managing costs.
Investing in technology, innovation and audit quality
Embedding AI into the way teams work across major services and investing in upskilling colleagues are central to how the KPMG UK/Swiss Group serves clients and grows.
In the UK and Switzerland, Advisory teams are using trusted AI agents as digital teammates to help provide quicker, quality, trusted solutions for clients. In tax, a generative AI platform enhances the services to clients provided by the firm’s tax experts.
AI is now in the hands of every auditor in the UK with increasingly sophisticated agents being built into the firm’s AI audit platform, enabling them to respond to risks and deliver deeper insights more effectively. This investment in its people and commitment to new technology ran through the firm’s strong audit quality inspection results last year.
To support personal and career development the business continued to provide upskilling opportunities in the UK and Switzerland, with an AI-powered learning assistant launched for colleagues based in the UK.
Talent
The business maintained its commitment to reward by increasing its colleague bonus spend across the Group by 18% and supporting more promotions. A new in-country exchange programme between the UK and Switzerland was also launched to create more diverse and international career paths.
KPMG ranked number five in the UK’s Social Mobility Employer Index 2025 – and is the only business to have been recognised in the top five every year since it started in 2017.
Communities
In the UK almost 46% of the firm’s people took part in some form of volunteering or fundraising last year, and more than 330,000 young people were supported by the Opening Doors to Opportunities programme.
Colleagues and the Swiss KPMG Foundation are supporting the Young Entrepreneurship Exchange Programme in collaboration with the charity association Deventure, and the Nicola Spirig Foundation, which empowers young people through sport.
