KPMG

Strategic intent

KPMG is a global professional services network providing audit, tax, and advisory services to corporations, governments, and public-sector organizations.

Key market signals

• 2026-10: KPMG and Microsoft launched a new phase of their collaboration with the opening of the KPMG and Microsoft Frontier Innovation Hub to accelerate trusted agentic AI adoption.
• 2026-10: An independent review commissioned by the Australian Department of Finance found that KPMG Australia mishandled whistleblower allegations of client data leaks, extending its pause on bidding for new federal government work until late February 2027.
• 2026-10: Gary Wingrove officially assumed his four-year term as Global Chairman and CEO of KPMG International, succeeding Bill Thomas.
• 2026-10: Will Williams officially assumed his role as Global Chief Operating Officer of KPMG International, succeeding Gary Wingrove.
• 2026-05: KPMG signed a major global alliance with Anthropic, rolling out Claude to its 276,000+ global workforce and embedding Claude into its Digital Gateway client delivery platform.

Financial health

• Globally aggregated revenues for KPMG firms reached $39.8 billion for the fiscal year ended September 30, 2025 (FY25), representing a 5.1% increase in local currency terms (5.4% in USD) from FY24 (https://kpmg.com/xx/en/home/media/press-releases/2025/12/kpmg-delivers-5-point-1-percent-rise-in-global-revenue.html).
• KPMG's FY25 growth was driven by Tax & Legal Services (up 7.5%), Audit (up 6.0%), and Advisory (up 2.9%) (https://kpmg.com/xx/en/home/media/press-releases/2025/12/kpmg-delivers-5-point-1-percent-rise-in-global-revenue.html).
• Global headcount grew by 1.8% to 276,030 professionals as of September 30, 2025 (https://kpmg.com/xx/en/home/media/press-releases/2025/12/kpmg-delivers-5-point-1-percent-rise-in-global-revenue.html).

Impact & compliance

Legal & risks

KPMG was fined £1.25m (reduced to £690,625) by the Financial Reporting Council (FRC) in June 2025 over serious breaches of audit independence rules during its 2021 audit of Carr's Group. The PCAOB sanctioned KPMG Australia in October 2024, imposing a $450,000 civil penalty for violations […]

Forensic audit — 3 findings

• ⚠ KPMG was fined £1.25m (reduced to £710,937) by the FRC in October 2025 after admitting to serious breaches of the Intern...
• ⚠ KPMG Netherlands was allegedly targeted by a ransomware group known as 'Nova' in January 2026, which claimed to have bre...
• ⚠ In July 2024, the UK Financial Reporting Council (FRC) fined KPMG LLP £1.5 million for failures in the audit of M&C Saat...

🔒 Proprietary analysis

Proprietary Analysis — available with full access

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