EY Ireland has reported continued strong growth and record revenues on the island of Ireland for the Financial Year to the end of June 2024 (“FY24”), with revenues up 9.5% to €772 million (from €705 million in the prior Financial Year).
EY Ireland’s five-year compound annual growth rate stands at 15.9%, with FY24 proving to be yet another year of market-leading growth. Globally EY reported revenues of US$51.2 billionin FY24.
With the publication today of EY Ireland’s annual Transparency report the firm reported a strong performance in FY24 across all four of its service lines - Audit, Consulting, Tax & Law and Strategy & Transactions – despite a more challenging trading environment. All of the EY Ireland offices – in Dublin, Belfast, Cork, Galway, Limerick and Waterford – reported growth in FY24.
EY Ireland’s headcount across the island stood at 5,196 at 30 June 2024, with 102 different nationalities working across all areas of our business. EY recruited 1,415 people across the island in FY24 and we promoted or progressed 1,804 people in this period.
Commenting on EY Ireland’s FY24 financial results, Frank O’Keeffe, Managing Partner, EY Ireland said:
“I am very pleased that EY Ireland has delivered strong growth once again in this our most recent financial year to 30 June 2024. This market leading performance further underscores our position as the largest and fastest growing professional services firm on the island of Ireland.
In a more challenging market this past year, we maintained our steadfast focus on our clients, our people and on the communities that we have the privilege to serve. We also made long-term investments in talent and technology which we know will position us well for the future enabling us to further support our clients most strategic challenges and opportunities.
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In this our latest financial year, we delivered a strong performance across all four of our service lines - Tax & Law, Audit, Consulting and Strategy & Transactions - thanks to growing client demand and to the work of our world class EY teams. Today we are leading our clients through an extremely complex, rapidly evolving AI and technology-driven era as we help to shape their futures with confidence.
We are equally pleased to have had a strong start to the first quarter of our new financial year, with relatively strong corporate finance activity in particular as well as a significant spike in client interest in our AI and data solutions, amongst other areas. We expect to see this momentum across our business continue to build as we go through the year.”
Rob Heron, EY Northern Ireland Managing Partner, said:
“At EY we continue to invest to stay ahead of our clients’ needs. Here in Northern Ireland, we are on track to more than double our headcount in the years ahead in response to client demand, with a particular focus on AI and data and sustainability, as well as traditional areas of Audit, Tax, Consulting and Transactions.
We have partnered with the Department of the Economy and Invest NI to host a series of Assured Skills Academies across a number of disciplines, with many of the Academy graduates subsequently joining us on a full time basis. Our plans to establish a hub in the Northwest to attract the talent from across this incredible region are continuing apace. We are excited about the future and the opportunities that lie ahead as we help organisations here in Northern Ireland and beyond to shape the future with confidence."
Societal Impact Report
Today EY Ireland also published it annual Societal Impact report setting out how we create long-term value for a wide range of stakeholders including clients, our people, our suppliers and the communities we serve. Our EY societal strategy focuses on three pillars: Society, Prosperity and Planet.
Frank O’Keeffe added:
“In EY we believe that diversity brings strength and I’m incredibly proud that we have 102 different nationalities in EY Ireland who are delivering long term value every day for our clients, our business and the communities where we live and work.”
Key highlights from our EY Ireland FY24 Societal Impact report:
