Deloitte returns to growth in Australia as revenues reach $2.55 billion

The Australian business of Deloitte has returned to growth, recording a tiny uptick to post $2.55 billion in revenues for its past financial year in an 8.5 percent turnaround on the previous period.

The 2026 financial year results to June arrest a two-year slide from a peak of $2.85 billion back in 2023, with Deloitte effectively reversing its 8 percent decline from 2025 to remain steady at $2.55 billion, described as a positive shift after recent challenges and changes.

Albeit by just 0.2 percent, Deloitte is the first of the Big Four so far this year to officially report a return to growth after a period of persistent market headwinds, although PwC is reportedly on track and Ernst & Young is yet to report. KPMG was down by 1 percent, for now.

“Our 2026 results reflect the strength and adaptability of our business,” said Deloitte CEO Jo Gorton. “Despite challenging conditions, we returned to growth, improved margins, and continued investing in our people and capabilities. We remain focused on delivering value for clients, creating a sustainable future for our partners and employees, and maintaining trust with our stakeholders.”

But before the management consultants of Australia rejoice, Deloitte and co’s improved position is more reflective of their market pivots than any return to the advisory heyday of yore. A greater focus on and investments in technology has been the obvious move, but Gorton also revealed Deloitte’s intention to build its managed services offering into a $1 billion business by 2030.

As for now, Deloitte’s ‘Technology & Transformation’ division (which was formed from parts of its former consulting practice following a global restructure in 2024) delivered $1.1 billion in revenues last year, up by 2 percent, while ‘Strategy, Risk & Transactions’ was down 4 per cent to $625 million. Tax & Legal and Audit & Assurance had mixed results, up and down by 4 and 3 percent.

“We have started the new financial year with good momentum as we continue to invest in the areas where our clients are telling us that they need us most, while also investing in our own transformation as technology changes how our people work,” Gorton stated. “The way professional services firms grow and create value is changing, and so we are changing with it.”