In the 2025 financial year, many companies were forced to navigate new operational realities. Uncertainties surrounding trade policy had a direct impact on supply chains and investment decisions, regulatory requirements continued to grow, and technological change shifted permanently from a future consideration to an everyday business reality. This left many of our clients facing one key question: how do we implement new regulations, technological capabilities and operational requirements in practice?
We felt this shift directly in demand. Instead of one-off analyses, clients increasingly sought practical support with implementation – particularly in the areas of cybersecurity, automation of accounting processes, transfer pricing, and comprehensive tax, legal and governance advice.
BDO responded in a targeted manner: we strengthened our interdisciplinary project approaches to provide even more comprehensive support to clients. At the same time, we invested around 5 percent of our total budget in training and development, further expanded specialist teams and created new areas of AI-related expertise. To further consolidate our innovative strength, we spent the reporting year preparing to unify all digital departments. Since 1 January 2026, these have been operating collectively as BDO Digital.
We are moving in the right direction. Revenue growth of 4.2 percent to CHF 293.6 million demonstrates the high demand for our industry and regulatory expertise as well as our ability to break down complex issues, make sense of them and work with clients to implement lasting solutions.
BDO remains on a positive growth trajectory, generating revenue of CHF 293.6 million in 2025 – an increase of 4.2 percent on the prior year.
The year 2025 saw Audit undergo further developments. Stricter requirements around documentation, the risk-based approach and transparency were key themes for the sector. BDO identified these developments at an early stage and has further enhanced its quality and efficiency standards in response. Revenue increased by 2.2 percent to CHF 98 million. Since 1 January 2025, certain services within Risk and Performance Advisory Services have been moved from Audit to Advisory. Core audit services have grown by around 6 percent.
We also continued to invest in AI-supported solutions during the reporting year. These solutions enable us, among other things, to identify specific risks more effectively and focus our audits more precisely. This reduces the burden for our clients and offers them deeper insights beyond the scope of the audit itself.
At the same time, we have enhanced our quality management, particularly in view of heightened data security and data protection requirements. Recruiting and retaining qualified professionals remains a key issue. We create opportunities and ensure the long-term quality of our services through ongoing training as well as professional development and specialisation.
Business Solutions generated revenue of CHF 90.6 million in the financial year 2025, an increase of 1.1 percent. In today’s business environment, efficient delivery of fiduciary services requires integrated IT solutions. Against this backdrop, we are pushing ahead with our transformation from traditional to tech-enabled provider of fiduciary services. Consolidation of all existing digital departments within BDO Digital is a key driver of this strategy.
In parallel, the fiduciary profession continued its long-anticipated evolution. Fiduciary professionals are increasingly taking on advisory roles, while standardised processing tasks are undergoing further automation. The ongoing development of digital processes and harmonised system landscapes increased efficiency and process reliability during the reporting year.
Clients benefit from stable workflows, scalable administrative processes and personalised advice that provides a sound basis for corporate decisions. Through targeted investment in professional and technological development, as well as in employee retention measures, we ensure a consistently high standard of service and expert support, even in a tight labour market.
With revenue of CHF 37.8 million – equivalent to growth of 7.9 percent – Tax & Legal can look back on a successful year.
It was a period marked by regulatory and political shifts that had immediate tax implications. These included trade policy decisions in the US as well as national reform proposals, such as discussions surrounding imputed rental value and individual taxation. The OECD’s minimum taxation rules also required a swift and technically sound assessment. Our Tax & Legal teams supported clients confidently through these complex situations.
Key strategic decisions included the expansion of specialist and market development capacities, as well as the launch of an internal training programme for tax specialists. The expansion is set to be implemented by the end of 2026, while the training programme is expected to be launched in 2027. These measures will enhance quality and responsiveness. The latter is becoming increasingly crucial in the context of political developments. Another important success factor is the integration of AI-supported applications which offer opportunities in the processing of tax and legal issues but still require careful professional scrutiny. Responsible use of new technologies in the tax and legal sectors will be essential in the coming years.
In 2025, Financial Services focused on strategic priorities and efficiency gains. Revenue remained stable at CHF 19.4 million despite the more streamlined service offering. This result is a solid foundation for the further development of our client-focused services and for our strategic direction.
We support financial market players who are subject to a high and ever-increasing level of regulation. Regulatory requirements place significant demands on both our clients and our audit and advisory teams. Accordingly, the focus in the reporting year was on the targeted development of specialised audit and advisory expertise, as well as on the efficient handling of complex engagements.
We work continuously to strengthen our advisory expertise. To this end, we make targeted investments in the further training of our people and enhance our teams with specialists. This approach ensures that we are well-equipped to meet future regulatory developments and the changing needs of our clients.
(Real Estate, Abacus/IT, Deal Advisory, miscellaneous advisory services)
Further services generated revenue of CHF 47.8 million in the financial year 2025, an increase of 14.1 percent.
Abacus and Deal Advisory in particular enjoyed a positive performance. According to Mergermarket, BDO was the most active M&A adviser in Switzerland for transactions with a value of up to CHF 30 million and also held a leading position nationwide in the field of financial due diligence. Cross-regional collaboration within our specialist team not only enables an interdisciplinary approach to engagement delivery but also enhances the quality of the information on which our clients base their decisions.