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EY Company Facts in 2026: $53.2b and 406,209 People

The EY company is a network of member firms, not one company. Revenue of $53.2 billion for the year to June 2025, 406,209 people, and letters EY never expands.

15 min read
In short
  • EY is a global network of legally separate member firms. The entity at the center, Ernst & Young Global Limited, has no financial operations and serves no clients.
  • EY never states that the two letters expand to anything. Ernst & Young appears on its own pages only inside the legal entity name.
  • Global revenue was $53.2 billion for the fiscal year ended 30 June 2025, split across Assurance, Consulting, Tax, and Strategy and Transactions.
  • Headcount was 406,209 at 30 June 2025, and EY's own US careers FAQ still says more than 300,000.
  • As of 8 October 2026, EY has not published a fiscal 2026 figure, though its Australian member firm already has.

EY is a global network of legally separate member firms, and the entity at its center sells nothing. It reported combined revenue of $53.2 billion for the year ended 30 June 2025 and 406,209 people at that date. Every figure below is read from something EY publishes about itself.

One answer is an absence, and it is the question most people ask. EY nowhere writes out what the two letters expand to. Sources checked 8 October 2026.

The letters, and the expansion EY never prints

EY does not say that EY stands for anything. The firm treats the two letters as a mark in their own right, and uses Ernst & Young only inside a legal entity name.

The evidence is countable. In EY's 148-page global annual report for 2025, the string Ernst & Young appears five times, and all five sit inside "Ernst & Young Global Limited". Not once does the document expand the brand.

We went looking before writing that. A scoped search of ey.com, the annual report, the global legal statement, the about page and the 2024 brand announcement produced nothing, and eight candidate history paths returned 404. So the honest answer to what EY stands for is that the firm declines to say, and that the name it replaced was Ernst & Young.

The replacement itself is documented, in one place and in German. EY's German milestones page carries a 2013 entry reading "Ernst & Young ändert Markennamen weltweit in „EY"", which is EY recording that it changed its brand name worldwide to EY. No English EY page states it.

That is worth knowing before an interview for a plain reason. A candidate who says EY stands for Ernst & Young is describing the firm's history correctly and its branding incorrectly, and the firm has spent thirteen years on the distinction.

Reading about a consulting firm is not preparing for a consulting firm.

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The EY company structure, and what EYG does not do

EY is a network of separate firms that share a brand, coordinated by a British entity with no revenue and no clients of its own. The word company fits none of the three layers.

The network page states it without hedging: "EYG is the central coordinating entity in the EY network. It is a UK company limited by guarantee and has no financial operations. EYG does not provide services to clients and does not participate in client engagements."

It then rules out the readings a reader might reach for: "EY is not a single entity, partnership nor corporate structure. The member firms are not subsidiaries or branches of an ultimate global parent. Each member of the EY organization is a separate and distinct legal entity."

What EYG does do is set the rules. It "is responsible for setting the objectives, strategy and policies of the EY network, and each EY member firm agrees to implement" them. It holds no ownership in any member firm.

Underneath sit three areas, each with its own governance entity, and the jurisdictions differ.

Area Governance entity Where it is incorporated
Americas Ernst & Young Americas LLC Delaware
EMEIA Ernst & Young EMEIA Limited England
Asia-Pacific Ernst & Young Asia-Pacific Limited Hong Kong

One more entity is worth naming, because almost nothing written about EY mentions it. The global website itself, and the press releases on it, are operated by EYGM Limited, which EY describes as "a limited liability company registered in the Bahamas."

On the jurisdiction of EYG, EY's web pages say "a UK company limited by guarantee" and its annual report says "incorporated under the laws of England and Wales." The second is the precise one, because the United Kingdom holds three separate company law jurisdictions.

How big the EY company is, counted five ways

EY publishes its size in five dimensions, and the figures carry a measurement date, which is more than most professional services firms offer.

What EY publishes Figure As at
Combined global revenue $53,219 million fiscal year ended 30 June 2025
Headcount 406,209 30 June 2025
Countries and territories more than 150 stated without a date
Service lines, for reporting four FY25 reporting
Areas three current

The revenue line comes from the revenue announcement of 15 October 2025: "combined global revenues of US$53.2b for the fiscal year ending June 2025 (FY25), an increase of 4.0% in local currency from FY24."

Read the word combined. These are the aggregated revenues of separate member firms rather than the consolidated accounts of one company, which follows from the structure above. The same release gives a five-year rate: "Between FY20 and FY25, the compound annual growth rate (CAGR) was 8.2%."

The country figure carries a hedge that is easy to miss. EY writes that its teams "can provide services in more than 150 countries and territories." Its US careers FAQ writes something different, that "EY has offices in more than 150 countries." Capability and presence are not the same claim, and EY uses both.

Divide revenue by headcount and you get about $131,000 per person. That is our arithmetic, and it sits far below a strategy firm's because the denominator includes audit and tax staff. For the four firms side by side, our Big Four page reads each one's report against the others.

$53.2 billion, split four ways

EY is one of the few large professional services networks that publishes revenue by service line in dollars. Three of the four lines grew in fiscal 2025 and one did not.

Service line, US$ millions FY25 FY24 Growth, local currency
Assurance 17,877 17,299 3.5%
Consulting 16,400 15,606 5.2%
Tax 12,707 12,080 5.5%
Strategy and Transactions 6,235 6,236 −0.4%
Total 53,219 51,221 4.0%

The four amounts add to the published total, which is the first thing to check on any table like this. By area the split is Americas 24,741, EMEIA 21,110 and Asia-Pacific 7,368, and those three also add to 53,219.

Two readings follow for anyone choosing a door. Consulting is 30.8 percent of the firm, which makes it the second largest line and the one a management consulting candidate applies to. And Strategy and Transactions went backwards by $1 million in dollar terms, which the release describes as "flat" rather than as a decline.

One more figure sits in the release and belongs with the rest. EY says AI-related revenue "grew by 30%" year on year, without stating the base, so the percentage has no size attached to it.

The fiscal 2026 number EY has not published

As of 8 October 2026, the newest global revenue figure EY publishes covers a year that ended fifteen months ago. Fiscal 2026 closed on 30 June 2026 and no global release exists.

The absence was checked rather than assumed. EY's global newsroom front page carries 7 October 2026 as its most recent item, an alliance announcement with no financial content. Two scoped searches of ey.com return nothing. No annual report for 2026 has been posted.

EY's own pattern makes the gap temporary. The fiscal 2025 release landed on 15 October 2025 and the fiscal 2024 release on 17 October 2024, so mid-October is when this page becomes out of date.

Meanwhile one member firm has already reported. EY Australia published its own fiscal 2026 result on 30 September 2026: "EY Australia 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." Its breakdown runs Assurance $743 million up 4.0 percent, Tax $655 million up 3.0 percent, Consulting $852 million down 8.4 percent, and EY-Parthenon $425 million down 4.1 percent.

That national figure is not a global figure, and the two are easy to confuse because one is fresher. Anyone quoting a 2026 number for EY worldwide today is quoting something that has not been published.

406,209 people, and where they sit

EY employed 406,209 people at 30 June 2025, and it publishes both the split by service line and the definition of what it is counting.

Where they sit Headcount
Assurance 130,898
Consulting 124,238
Tax 75,314
Strategy and Transactions 25,036
Practice support 50,723
Total 406,209

The definition is the part worth keeping, because almost no firm supplies one: "Headcount is the distinct number of EY people, excluding non-employees at the last month-end of the fiscal year. Examples of non-employees who are excluded ... are contractors. Partners are included in the total headcount."

Two things stand out from the table. Practice support is 50,723 people, one in eight of the firm, and none of them bills a client. And Strategy and Transactions is the smallest line by a wide margin, at 25,036 against Consulting's 124,238.

Put revenue against heads and the lines separate sharply. Across the four service lines, excluding practice support, revenue per person is about $150,000. Strategy and Transactions alone runs at about $249,000, which is roughly 1.66 times the service line average. Both figures are our arithmetic on EY's two tables, and the gap is the economic reason the strategy brand exists.

One EY page disagrees with all of this. Its US careers FAQ, read 29 September 2026, states that EY "has offices in more than 150 countries (with more than 300,000 people working across them)." That understates the annual report by roughly 100,000 people, and both pages are live.

Three ways EY names its own service lines

EY names its service lines three different ways on three of its own pages, and the count is not even the same. All three are current.

Where Count How they are named
Financial reporting four Assurance, Consulting, Tax, Strategy and Transactions
Global services navigation five Assurance, Consulting, Strategy by EY-Parthenon, Tax, Transactions and corporate finance by EY-Parthenon
US careers copy four Assurance, Consulting, EY-Parthenon (Strategy, Transactions, Corporate Finance), Tax

The navigation reaches five by splitting one line in two under the EY-Parthenon sub-brand. The reporting keeps it as one because the money is reported as one.

Beneath those, the services page lists six more under the heading focused services: Law, Managed services, People & workforce, EY Private, Sustainability and Technology. Those are ways of selling rather than reporting units, which is why none of them carries a revenue line.

The practical version for an applicant is short. Four lines take the money and the headcount. Five appear in the menu. The door you apply to is named in the careers copy, and our EY case interview guide carries the dated application windows for each.

Are you ready to get an offer at a consulting firm?

Purpose, tagline, and the difference EY draws

EY maintains two separate statements about itself, and it says in writing that they are different things. Third-party profiles routinely merge them.

The purpose, from the about page, is one clause with a paragraph behind it: "At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over."

The tagline arrived in October 2024 and is newer than most people realize. EY's brand announcement states it precisely: "The new creative direction introduces the tagline, 'Shape the future with confidence.' This articulates how EY is 'Building a better working world', which will remain its purpose."

The same release calls the change "EY's first brand update in more than a decade," which dates the previous one to the 2013 rebrand.

There is a third self-description still in circulation on EY's own site, and it contradicts the other two. The global legal statement opens with "EY is a global leader in assurance, tax, transaction and advisory services," using a service line name the firm retired years ago. One page carries the old structure, the rest carry the new one.

Where EY-Parthenon stops and EY begins

EY-Parthenon is a brand applied to one of EY's four service lines. It sits inside the member firm structure, at the same level as Assurance, Consulting and Tax.

The fiscal 2025 release defines it in a clause: "EY-Parthenon, the brand under which Strategy and Transactions services are provided." The same release explains the change that made it confusing: EY spent the year "unifying the organization's Strategy and Transactions Service Line under a single, distinctive sub-brand."

So the figures attach cleanly. EY-Parthenon's revenue is the Strategy and Transactions line's revenue, $6,235 million. Its headcount is that line's headcount, 25,036, which EY's narrative rounds to "25,000 people in 150 countries."

For a candidate the boundary is procedural rather than philosophical. The US application window for Consulting and for EY-Parthenon opens and closes on the same dates, which our EY-Parthenon page covers alongside the two junior programs EY runs under that brand.

What this page will not do is describe the EY-Parthenon offering. That is a separate subject with a separate page, and treating it twice would leave a reader unsure which one answers the question.

wavespace, the rooms EY sells access to

EY runs more than 45 physical centers it calls wavespace, and it sells facilitated sessions inside them. This is one of the firm's more distinctive assets and almost nothing written about EY mentions it.

EY defines wavespace in a single clause, calling it "an immersive, facilitated experience designed to spark new thinking, drive alignment, and solve complex challenges, faster."

The count and the flexibility come next: "We have a global network of over 45 EY wavespace centers to support you in solving your complex challenges, faster. Our pop-up and mobile capabilities mean that we can also set up and run EY wavespace experiences in a temporary space, or within your own organization." EY says it runs these sessions "in person, virtual, hybrid and in the metaverse."

What EY does not publish is a page for any individual center. We probed four city paths and all returned 404. The only per-city detail the firm prints anywhere is a line in its US locations directory: "EY Chicago Wavespace + Studio, 333 N. Green St., Chicago 60607."

That gap is worth stating plainly because the demand exists. People search for a named wavespace city, and the firm that runs the center has published an address and nothing else.

The Expedition EY form that closed in February

Expedition EY is a scholarship program for US undergraduates, and its application form has been closed since 20 February 2026. EY publishes no web page for it at all.

The absence is established rather than assumed, by three independent checks run on 8 October 2026.

  1. The sitemaps. About 167,000 URLs across EY's US and global locales contain zero occurrences of the word expedition.
  2. EY's own site search. It returns 5,113 loose matches, and not one carries the phrase.
  3. The archive index of EY's careers paths shows no URL that ever contained it.

What exists is a short link. It redirects to a survey form hosted on EY's own domain, which answers: "This survey was due for candidates as of February 20, 2026 and is now closed." No 2027 cycle resolves under any spelling.

One number needs correcting wherever you meet it, and both versions are EY's own. The current copy offers tuition scholarship prizes "up to $5,000". Copy from the 2022 and 2023 cycle offered "scholarships ranging from $5,000 to $25,000". The larger figure is stale rather than invented, and participants are "eligible to apply for" the prize rather than awarded it.

Our EY assessment guide carries the fuller account, including why this program is neither a test nor a job application.

1903, 1989, and the history EY writes in German

EY publishes no corporate history page in English. What survives on its own domains is two fragments, and together they give the lineage without the dates most sources assert.

The first is an alumni feature about a house, of all things. It states that A.C. Ernst "founded Ernst & Ernst in 1903", and calls that firm "the start of one of two great firms that went on to form what we know as EY today."

The second is the German milestones page. Its 1989 entry reads "Arthur Young International und Ernst & Whinney fusionieren weltweit zu Ernst & Young," recording a worldwide merger of Arthur Young International with Ernst & Whinney. The same page adds a detail no profile carries: "Die Herren Arthur Young und Alwin C. Ernst sind sich nie persönlich begegnet." The two men whose names the firm carried never met.

So the EY-sourced chronology runs 1903, 1989, 2013, and stops. The 1906 founding of Arthur Young's firm, the nineteenth-century London origins and the exact merger date circulate widely and appear on no EY page we could reach, so none of them is asserted here.

Eight English history paths were probed before writing that sentence, across the global, US and UK locales, and all eight returned 404. A firm that dates its German practice to a hundred years has no English page about its own origins.

What EY does not publish about itself

EY publishes more than its three peers on revenue and headcount, and the gaps that remain are specific. Six of them, with what was tried.

  • A fiscal 2026 global revenue figure. Checked against the newsroom front page, two scoped searches and the absence of a 2026 annual report. Not yet published, and expected within weeks.
  • Any expansion of the letters EY. Checked against the annual report, the legal statement, the about page, the 2024 brand release and a scoped search.
  • An English corporate history page. Eight paths probed across three locales, all 404.
  • A company registration number or registered office for Ernst & Young Global Limited. EY publishes the entity type and the jurisdiction and stops there.
  • An exact country count. Always more than 150, never a number.
  • A per-city wavespace page. Four paths probed, all 404.

One further absence deserves naming because readers assume it exists. EY publishes no client list. Clients appear inside case studies and alliance announcements, and the names that recur in its 2025 annual report include Microsoft, IBM, SAP, Unilever, Nestlé, NVIDIA, ServiceNow, Shell and TotalEnergies. Those are clients and alliance partners EY itself names in passing, and EY never presents them as a roster.

For pay, which EY does not publish either, the filed US bands sit on our EY consulting pay page, read from Labor Department filings that name the employer, the title and the city.

How we score a structured answer

A firm with four service lines named three ways, two self-descriptions and a headcount that two of its own pages disagree about rewards a candidate who separates things cleanly before answering. That is the skill a structuring question tests.

These are the dimensions our own grader measures on a structure, with the weight each carries out of a hundred. The weights are ours, and no firm publishes one.

Structuring, weighted
  • Coverage45
  • Separation25
  • Depth20
  • Concision10
Case mathAnswer 40 · Working 25 · Units 15 · Interpretation 20
Idea generationBreadth 30 · Buckets 30 · Specificity 20 · Prioritisation 20
Market sizingScope 25 · Assumption chain 30 · Arithmetic 25 · Sanity check 20
ExhibitsObservation 25 · Implication 25 · So what 30 · Next test 20
SynthesisAnswer first 35 · Evidence 25 · Risk 20 · Next step 20

Coverage carries 45, the largest share on any of our rubrics, and on a question about an organization like this one coverage means remembering the parts that produce no revenue. Practice support is one in eight of EY's people and sits in no service line, and an answer that divides the firm into four buckets has already missed 50,723 people.

Separation carries 25, and it is the dimension this firm would test hardest. Purpose and tagline, service line and sub-brand, network and member firm, capability and presence: four pairs that look like one thing each and are two. Naming the pair before choosing a side is what separation scores.

Two limits, plainly. Our drills teach no business content, because a case tests reasoning on figures you are handed. And our assessment simulators are not live, at 0 of 6 by our own count. The structuring drill and the synthesis drill are open without an account, and the weights behind them are published on how an answer is assessed.

Before you go: where do you actually stand?

A short diagnostic: a few questions about where you are, one real case, and a score on the dimensions firms publish. Free, no card.

Sources

Primary sources only: the firm, the test vendor, or the institution concerned. Each carries the date we last read it.

  • ey.com/en_gl/newsroom/2025/10/ey-announces-global-revenue-of-us-53-2b-for-fiscal-year-2025
    the 15 October 2025 publication date and London dateline, the $53.2 billion combined global revenue for the fiscal year ending June 2025, the 4.0 percent local currency growth, the four service line amounts and their growth rates, the area split across Americas, EMEIA and Asia-Pacific, the 8.2 percent compound annual growth rate from FY20 to FY25, the 30 percent growth in AI-related revenue, the sentence naming EY-Parthenon as the brand for Strategy and Transactions, and the more than 150 countries and territories wording
    checked 2026-10-08
  • ey.com/content/dam/ey-unified-site/ey-com/en-gl/campaigns/value-realized/documents/2025/ey-value-realized-report-2025.pdf
    the total headcount of 406,209 at 30 June 2025 and the prior year figure of 393,025, the headcount split across Assurance, Consulting, Tax, Strategy and Transactions and practice support, EY's own definition of headcount including partners and excluding contractors, the sentence placing EYG under the laws of England and Wales, and the statement that EY-Parthenon teams comprise 25,000 people
    checked 2026-10-08
  • ey.com/en_gl/about-us/governance/ey-network
    the description of EYG as the central coordinating entity with no financial operations, its exclusion from client services and client engagements, its responsibility for objectives strategy and policies, its absence of ownership in member firms, and the statement that EY is not a single entity, partnership nor corporate structure
    checked 2026-10-08
  • ey.com/en_gl/legal-and-privacy/legal-statement
    the division of the network into three areas, the governance entity named for each one with its jurisdiction, the ownership of the global site by EYGM Limited as a company registered in the Bahamas, and the retired assurance tax transaction and advisory self-description still printed on this page
    checked 2026-10-08
  • ey.com/en_gl/about-us
    the purpose statement Building a better working world in EY's own full wording, and the description of EY as the global organization made up of the member firms of Ernst & Young Global Limited
    checked 2026-10-08
  • ey.com/en_gl/newsroom/2024/10/ey-unveils-shape-the-future-with-confidence-brand-expansion
    the introduction of the tagline Shape the future with confidence, the statement that Building a better working world remains the purpose, and the description of the change as EY's first brand update in more than a decade
    checked 2026-10-08
  • ey.com/en_gl/services
    the five professional services entries in EY's global navigation, including the two that carry the EY-Parthenon sub-brand, and the six focused services listed beneath them
    checked 2026-10-08
  • ey.com/en_gl/wavespace
    EY's own definition of wavespace, the claim of a global network of over 45 centers, the pop-up and mobile capability, and the four delivery modes EY names
    checked 2026-10-08
  • ey.com/en_us/locations/united-states
    the published address of the EY Chicago Wavespace and Studio, which is the only per-city wavespace detail EY publishes
    checked 2026-10-08
  • ey.com/de_de/about-us/100-jahre-ey-deutschland-meilensteine
    EY's own milestone entries for the 1989 worldwide merger of Arthur Young International and Ernst & Whinney, the remark that Arthur Young and Alwin C. Ernst never met in person, and the 2013 worldwide change of brand name to EY
    checked 2026-10-08
  • ey.com/en_us/alumni/preserving-ac-ernst-historic-home-with-ey-ties
    EY's own statement that A.C. Ernst founded Ernst & Ernst in 1903, described as the start of one of the two firms that became EY
    checked 2026-10-08
  • ey.com/en_au/newsroom/2026/09/ey-australia-reports-2-67-billion-in-fy26-revenue-as-tax-and-assurance-grow
    the Australian member firm's fiscal 2026 revenue for the twelve months to 30 June 2026, its 1.8 percent decline, and its service line breakdown including EY-Parthenon
    checked 2026-10-08
  • ey.com/en_us/careers/frequently-asked-questions
    the four integrated service lines named in US careers copy with EY-Parthenon standing in for Strategy and Transactions, and the more than 300,000 people figure this page still carries
    checked 2026-09-29
  • ey.com/en_us/careers/early-career-application-guidance-and-deadlines
    the shared US application window for Consulting and EY-Parthenon and the cap of two applications in six months
    checked 2026-09-29
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Written and reviewed by
Elias MarchandStrategy editor

Edits the firm and case guides on this site. Reads each claim about a recruiting process back to the firm's own page before it is published, keeps the source ledger dated, and owns the corrections.

How this guide was made

  • Written against a published editorial process, not from memory. Every claim about a firm's process is either linked to that firm's own page or absent. We say what we could not verify rather than filling the gap.
  • Each page carries a dated source ledger, below. When a firm changes a programme or a deadline, the date tells you how far to trust what you just read.

We look for first-hand candidate accounts for every firm guide. Where we found none we could source, the page says so and carries the firm's own words instead. Nothing here is dressed up as testimony, and if your own experience contradicts what you read, tell us and we will correct it and date the change.

Something wrong or out of date here? Tell us and we will correct it and date the change.