EY Australia reports $2.67 billion in FY26 revenue as Tax and Assurance grow

• EY Australia recorded $2.67 billion in revenue in FY26, down 1.8 per cent from FY25, reflecting changing client priorities and varied market conditions.
• Tax increased by 3.0 per cent and Assurance grew by 4.0 per cent, helping offset declines in Consulting and EY-Parthenon.
• Managed Services remained a key growth area, supported by continued investment in AI, data and technology, sustainability and technology-enabled delivery.

SYDNEY, AUSTRALIA – 30 SEPTEMBER 26 

Ernst & Young, Australia (“EY Australia” or “the firm”) recorded $2.67 billion in revenue for the 12 months to 30 June 2026 (FY26), down 1.8 per cent compared with the prior financial year.

Tax revenue increased by 3.0 per cent to $655 million and Assurance grew by 4.0 per cent to $743 million, while Consulting revenue declined by 8.4 per cent to $852 million and EY-Parthenon declined by 4.1 per cent to $425 million.

EY Oceania CEO and Regional Managing Partner David Larocca said the result reflected changing client priorities and varied market conditions, while the firm continued to grow in key areas and invest for the future.

“Growth in Tax and Assurance helped offset softer demand in Consulting and EY-Parthenon. At the same time, we saw continued momentum in Managed Services and across AI, data, technology and sustainability as clients increasingly looked to us to help turn ambition into action,” Mr Larocca said.

The reported result also reflects reduced income associated with the simplification of the global EY organisation’s operating model.

Mr Larocca said Tax growth reflected continued client demand for trusted advice as economic and regulatory conditions evolved.

“Clients are looking for certainty, practical advice and the right technology support as they manage cost pressures, regulatory reform and increasingly complex obligations. Our Tax teams help them make decisions with confidence,” he said.

In response to continued demand for high-quality audit and assurance services, EY further invested in its people, technology and audit approach, including the rollout of Future of Audit. Now. This modernised, AI-enabled approach supports the delivery of high-quality audits in an increasingly complex and data-driven business environment.

“Audit quality is fundamental to confidence in financial reporting and the capital markets, and remains one of our highest priorities,” Mr Larocca said.

“We are investing in our people’s training and experience, as well as the tools they need to deliver high-quality audits with independence, integrity, objectivity and professional scepticism. By bringing their judgement and expertise together with AI-powered technology, a streamlined methodology and more consistent ways of working, we are enhancing audit quality and insight, while improving the overall experience for our clients.”

Managed Services remained a key growth area for the firm as organisations increasingly sought advisors that could operate critical functions at scale.

“As part of a multi-year global investment, Managed Services is now a $400 million business for EY member firms across Oceania, supported by a multibillion-dollar pipeline and performance well ahead of plan,” Mr Larocca said.

“We are seeing growing demand from clients for EY to extend our advice into the operation of key areas of their business, including cybersecurity, payroll, mobility, and tax and finance operations. They want us not only to advise on transformation, but also to help deliver it and operate critical functions in ways that improve performance, manage risk and support long-term growth.”

Following the launch of the expanded EY-Parthenon brand in 2025, the firm continued to bring together its strategy, transactions and transformation capabilities during FY26. 

“Clients increasingly need support that extends beyond setting strategy to executing it. Combining these capabilities under EY-Parthenon allows us to support clients from the initial strategic decision through transactions and transformation, with a clearer connection between ambition and delivery,” Mr Larocca said.

EY Australia appointed 34 new Partners in FY26, including 22 internal promotions and 12 external hires, and promoted 18 people internally to Associate Partner.

Mr Larocca said the appointments reflected the firm’s focus on building the skills and leadership needed to serve clients, while continuing to attract and develop talented people and strengthen its culture, governance and commitment to quality.

“I’m proud of how our partners and people have responded to a year of changing client needs and market conditions. They have continued to deliver high-quality work while building the skills and capabilities the firm will need for the future,” he said.

“We are planning for growth in FY27 and are confident that if we continue to deliver quality work, invest in our people and respond effectively to changing client needs, we will be well positioned for the year ahead.”

As part of our ongoing commitment to transparency, we have also released our FY26 Value Realised Scorecard, reporting on the organisation’s performance and impact for its people, clients and communities across the region.

Figures in the table are rounded and may not sum to total revenue.

-ENDS-

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This news release has been issued by Ernst & Young Australia, a member firm of Ernst & Young Global Limited. Liability limited by a scheme approved under Professional Standards Legislation.

Media Contact:

Hamish Goodall – Corporate Affairs Manager, Oceania
Phone: 0467 346 364
Email: Hamish.goodall@au.ey.com