Deloitte UK publishes 2026 financial results

• Revenue for the year ended 31 May 2026¹ up 2% at £5.81bn (FY25: £5.68bn), with growth across all our UK businesses 

• Distributable profit² up 14% on last year at £899m (FY25: £789m). Average profit per equity partner increased 7% to £1.125m (FY25: £1.051m) 

• Good financial performance shared with our people, with an increased bonus pool of 14% 

• Continued focus on careful cost management alongside further investments in technology (£180m in FY26 vs £158m in FY25) and our people – 3,500 new colleagues hired, over 6,000 colleagues promoted and £305m invested in reward 

• Darren Graves appointed new UK CEO on 1 June, alongside new UK Chair Jane Whitlock and Hayley McKelvey joining the UK Executive as Chief AI Officer 

• Richard Houston announced as CEO of Deloitte’s new EMEA firm

Darren Graves, Deloitte UK CEO, said: 

“This is a good set of results delivered against a complicated backdrop of geopolitical uncertainty and AI advancement. Our results are testament to the hard work of our people and partners.

“We saw an increase in revenue across all our UK businesses and were pleased that our advisory businesses³ returned to profitable growth, with higher demand for enterprise technology services, including supporting clients with their AI adoption and scaling strategies. Tax & Legal and Audit & Assurance also each had another solid year.

“We were also pleased to share our good financial performance with our people, increasing our bonus pool by 14%, with average salaries in-grade rising by an average of over 4%.

“We continue to make a significant contribution to public finances, through taxes paid by the firm and its partners, as well as taxes collected on behalf of HMRC. Our total UK tax contribution was £1.86bn⁴ in FY26.

“Our distributable profit for the year ended 31 May 2026 was up 14% on last year’s profit at £899m. Average profit per equity partner increased 7% to £1.125m.”

New leadership 

In June Darren Graves was appointed CEO of Deloitte UK, with Jane Whitlock becoming Chair of the UK Board. In addition, Hayley McKelvey joined the UK Executive as Chief AI Officer, responsible for driving the firm's AI strategy across client services and internal operations.

Richard Houston became CEO of our newly launched EMEA firm on 1 June.

Business performance

Revenue for the year ended 31 May 2026 saw an increase of 2% to £5.81bn (2025: £5.68bn).

Revenue in our UK Technology & Transformation business increased 4% to £1.75bn in FY26. This reflected strong demand for enterprise technology support, including ERP implementation, Cyber and Human Capital services – continuing the longer-term trend of client focus on transformation and technology implementation. Our new technology delivery centres across the UK, dedicated to providing leading-edge technology enabled business solutions to clients, were fully operational in FY26, providing further breadth of delivery capability.

Our UK Strategy, Risk & Transactions Advisory business delivered 1% revenue growth to £913m in FY26. The business navigated challenging markets, achieving revenue growth in our Regulatory & Finance Risk and M&A businesses, with gains made in Strategic Value Creation, AI Advisory and Valuations & Modelling.

Our UK Tax & Legal business continued to build on several years of successive growth, with revenues increasing by 2% to £1.36bn in FY26. Whilst there was some client caution in the face of the geopolitical environment, this was offset by the need for advice as a result of international tax reform, tariff and associated supply chain changes, cross border people movements and increased regulatory complexity.

UK Audit & Assurance (A&A) delivered growth of 3% to £998m in FY26, reflecting continued focus on audit quality, building relationships across the market and the development of Assurance propositions. More recently, we took the decision to offer voluntary redundancy on enhanced terms to some of our people (less than 3% of our A&A business) due to low rates of attrition in certain areas of the business.

Investments in our people, technology and communities

While we continued to monitor the shape of our business, managing costs carefully, we hired in areas of growth, with 3,500 new hires in the UK, including more than 1,950 graduates, apprentices and interns joining the firm.

Over 6,000 of our 25,000 people were promoted in the UK this year – 48 of them to partner, alongside 68 salaried partners who were converted to equity. Overall, equity partner numbers increased by 6.5% to 784, the highest annual total in Deloitte UK’s history, reflecting our confidence in the future.

We also invested further in technology (£180m invested in FY26 vs £158m in FY25).

Our benefits continue to be popular with our people: 85% of non-birthing parents took advantage of our new family leave policy, taking the full 26 weeks of leave last year, while nearly 12,000 of our people flexed their public holidays.

We are relocating our Midlands business to One Centenary Way in Birmingham in October, reinforcing our commitment to growth across the country. This follows Deloitte investment in new offices in Aberdeen, Belfast, Bristol and Manchester over the last two years.

We also continued to invest in communities across the UK - £11.4m in FY26, up from £10.8m in FY25, working with over 100 society partners through volunteering, fundraising, charitable donations and pro-bono projects. For example, Deloitte, Teach First and Connectr piloted the ‘Trustworthy AI in Education’ programme, helping teachers build confidence in AI ethics and responsible AI use in schools. We also contributed over 7,800 hours of pro bono expertise to tackle regional skills and digital inclusion challenges.

Outlook

Darren Graves concluded:

"Despite ongoing uncertainty, I am optimistic about Deloitte's potential across the UK - and our people are key to this.

“As AI makes intelligence increasingly abundant, the role our people play will matter more, not less. AI can’t replace lived experience or replicate the judgement and unwritten know-how built over years of working alongside clients and colleagues.

“That belief puts our people at the heart of the firm we’re building for the next generation. We’ll keep bringing in brilliant talent from all backgrounds, creating career pathways, and equipping our people with the skills that allow them to thrive in whatever comes next.

“This firm gave me opportunities I could never have imagined. Keeping our people at the centre of how we work is what makes sure that same door stays open, for the people here today, and for everyone still to join us.”

Revenue by business

Notes to editors

• ¹All revenue numbers presented herein, unless otherwise noted, represent UK and Switzerland consolidated, and have been prepared in accordance with International Financial Reporting Standards (‘IFRS’) and IFRS Interpretation Committee interpretations, as issued by the International Accounting Standards Board.
• ²Distributable profit of UK and Switzerland was £899m (2025: £789m) and differs from profit as reported in the firm’s Statutory Financial Statements as a consequence of, among other things, the treatment of member annuities under IFRS 17, the firm’s defined benefit pension schemes and distributable capital profits. Average profit per member is based on distributable profit and was £1,125,000 per equity partner in the year ended 31 May 2026 (2025: £1,051,000).
• ³Deloitte’s advisory businesses include the Technology & Transformation (T&T) business as well as the Strategy, Risk & Transactions Advisory (SRTA) business.
• ⁴Deloitte’s total UK tax contribution consisted of £1.165bn of taxes collected on behalf of HMRC (VAT, PAYE and employee national insurance) and £696m of taxes borne by the UK equity partners and the firm (income taxes, national insurance, corporation tax and employer’s national insurance).
• Deloitte’s Annual Review (our ‘Yearbook’) for the year ended 31 May 2026 has been published alongside the firm’s Tax Impact Report, Pay & Inclusion Report, Audit Transparency Report, ESG report and Financial Statements. The Review discusses the firm’s performance, alongside a wider review of the impact we have made for our people, clients and the communities we work in.