Overview
- UK fee income rose 2% to £3.78bn for FY25, with distributable profits before tax up to £679m and average distributable profit per partner up 9% to £787,000.
- Partners received their first pay rise since 2022, though average pay remains below Big Four peers according to comparisons reported by The Times.
- Consulting revenue fell 6% in tougher trading, while Strategy & Transactions grew 10%, Tax 5%, and Assurance 3%, shifting the internal revenue mix.
- EY continued heavy tech spending, including a $1bn global program for audit technology and AI, the EY.ai Agentic Platform with NVIDIA, and a Microsoft 365 Copilot rollout to more than 12,000 UK users.
- A Financial Times report said the accounting watchdog FRC is scrutinizing EY over its NMC Health audit, a development the firm has not detailed publicly.