EY's UK arm recorded a two per cent rise in fee income to £3.86bn for the financial year ending July 3, 2026, while average partner profits jumped by more than 10 per cent to £870,000, even as consulting revenues declined by three per cent.
The firm's UK fee income rose from £3.78bn the previous year, and total pre-tax profits climbed to £702m from £679m. Average partner profits increased from £787,000 to £870,000.
Divisional performance and sector growth
EY reported six per cent revenue growth for EY-Parthenon, its global strategy consulting arm, alongside three per cent growth for both tax services and assurance. Consulting revenues, however, declined by three per cent.
The firm highlighted consumer & health and technology, media and telecommunications as its strongest-performing industry sectors, delivering growth of eight per cent and five per cent respectively.
Investment in staff and AI
EY said it increased total employee bonuses by over 25 per cent, took on 2,300 new members of staff, made more than 3,700 internal promotions and progressions, and delivered in excess of 1.2m hours of training for its UK workforce. The firm's total UK tax contribution for the full year 2026 exceeded £1.3bn.
Anna Anthony, EY UK & Ireland regional managing partner, said: "These are a solid set of results in a challenging market. We've continued to grow the business, while making significant investments in talent and technology to support our future growth and deliver high quality and innovative services to our clients."
Earlier this month, EY's global figures revealed revenue reached $57bn (£43bn), representing a rise of nearly five per cent on the previous financial year. The firm confirmed that AI is flourishing, recording a 46 per cent surge in sales of AI and data projects.
Big Four comparisons and market shifts
EY's growth places the firm in line with its Big Four UK rivals. In January, KPMG UK posted revenue of £3.6bn for its year ended September 30, 2025. Deloitte UK recorded revenue of £5.81bn for the year ended May 31, 2026, with growth reported across all divisions. Meanwhile, for the year ended 30 June 2026, PwC's UK arm saw its revenue climb to £4.365bn.
However, purchasing patterns among clients of the Big Four are shifting. General consulting and advisory services are experiencing a downturn, with EY recording a three per cent decline, KPMG also down three per cent, and PwC's broader group falling by nearly 10 per cent. Growth has instead been underpinned by obligatory regulatory work, including audit and tax services, alongside specialised AI and technology transformation projects.
