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Annual Review 2020

Our numbers

Our financial performance

Total revenue
Total revenue
£2.30bn
£2.40bn
£2.34bn
Increased revenue
Increased/decreased revenue
-4%
+3%
+8%
Profit before tax and members' profit shares
Profit before tax and members' profit shares
£288m *
£307m
£356m *
Average partner distribution
Average partner distribution
£572k
£640k
£690k
Chairman's remuneration
Chairman's remuneration
£1.7m
£1.9m
£2.1m

* The FY20 figure excludes profit of £115m from the disposal of our Pensions business
* The FY18 figure excludes profit of £106 million arising on disposal of 15 Canada Square

Net sales growth

Audit
Audit
+3%
+10%
+8%
Tax and Legal
Tax and Legal *
-6%
+3%
+7%
Consulting
Consulting
-2%
-2%
+5%
Deal Advisory
Deal Advisory
-1%
+3%
+14%

*The FY20 net sales growth for Tax and Legal excludes the pensions business. Whereas FY19 and FY18 does include the pensions business.

Our people and pay

Headcount
Headcount
15,595 *
Number of partners
Number of partners as at 1 Oct 2020
582
No. of grads and apprentices
No. of grads and apprentices who joined
909
No. of ethics champions
No. of ethics champions
123

*This number represents the average number of FTE employees for FY20 (FY19 was 15,864). The spot count as at 1 October 2020, including our Partners, was 15,776.

Chris
KPMG has a reputation for having a fantastic culture and good people – and after a year here, I can see why the firm's earned that reputation.”

Chris, Audit apprentice

Our diverse workforce

We're working hard to make KPMG an inclusive and diverse organisation. Use this tool to keep track of our progress.

Gender
Black, Asian and Minority Ethnic (BAME)
Black Heritage
Lesbian, Gay & Bisexual
Disability
Socio-economic background

76.1%

Male

23.9%

Female

65.8%

Male

34.2%

Female

54.2%

Male

45.8%

Female

60.7%

Male

39.3%

Female

47.6%

Male

52.4%

Female

51.2%

Male

48.8%

Female

78.5%

Male

21.5%

Female

67%

Male

33%

Female

55%

Male

45%

Female

62%

Male

38%

Female

48%

Male

52%

Female

51%

Male

49%

Female

81%

Male

19%

Female

69%

Male

31%

Female

57%

Male

43%

Female

64%

Male

36%

Female

47%

Male

53%

Female

52%

Male

48%

Female

Partner
Director
Senior Manager
Senior Representation
Junior Representation
Firm-wide
9% 83% 8% Partner

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

78% 10% 12% Director

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

69% 12% 19% Senior manager

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

74% 11% 15% Senior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

51% 29% 20% Junior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

57% 25% 18% Firm wide*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

8% 86% 6% Partner

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

79% 9% 12% Director

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

71% 12% 17% Senior manager

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

75% 11% 14% Senior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*Partner, Director and Senior Manager

53% 28% 19% Junior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*Manager, Assistant Manager and Assistant/Trainee

59% 24% 17% Firm wide*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 85.1%

8% 4% 88% Partner

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 63.18%

81% 7% 12% Director

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 63.18%

74% 9% 17% Senior manager

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

78% 8% 14% Senior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*Partner, Director and Senior Manager

57% 26% 17% Junior representation*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*Manager, Assistant Manager and Assistant/Trainee

62% 15% 23% Firm wide*

Black, Asian & Minority Ethnic (BAME)

White

Not disclosed (including prefer not to say and no declaration made)

*This is based on a response rate of 85.41%

Partner
Director
Senior Manager
Senior Representation*
Junior Representation*
Firm-wide*

1.7%

Black Heritage

4.9%

Black Heritage

4.1%

Black Heritage

17.9%

The proportion of all people in our firm who chose not to disclose their ethnicity (including prefer not to say and no declaration made)

1.4%

Black Heritage

4.7%

Black Heritage

3.9%

Black Heritage

19.9%

The proportion of all people in our firm who chose not to disclose their ethnicity (including prefer not to say and no declaration made)

1%

Black Heritage

4%

Black Heritage

4%

Black Heritage

15%

The proportion of all people in our firm who chose not to disclose their ethnicity (including prefer not to say and no declaration made)

Senior Representation
Junior Representation
Firm-wide
Did not disclose

2.6%

Lesbian, Gay & Bisexual

3.1%

Lesbian, Gay & Bisexual

3%

Lesbian, Gay & Bisexual

20.7%

The proportion of all people in our firm who chose not to disclose their sexual orientation (including prefer not to say and no declaration made)

3%

Lesbian, Gay & Bisexual

3%

Lesbian, Gay & Bisexual

2.7%

Lesbian, Gay & Bisexual

20%

The proportion of all people in our firm who chose not to disclose their sexual orientation (including prefer not to say and no declaration made)

3%

Lesbian, Gay & Bisexual

3%

Lesbian, Gay & Bisexual

2.4%

Lesbian, Gay & Bisexual

17%

The proportion of all people in our firm who chose not to disclose their sexual orientation (including prefer not to say and no declaration made)

Senior Representation
Junior Representation
Firm-wide
Did not disclose

6.4%

Disability

7.2%

Disability

7%

Disability

19.9%

The proportion of all people in our firm who chose not to disclose whether they have a disability (including prefer not to say and no declaration made)

6%

Disability

7%

Disability

6.9%

Disability

19%

The proportion of all people in our firm who chose not to disclose whether they have a disability (including prefer not to say and no declaration made)

7%

Disability

6%

Disability

6.4%

Disability

17%

The proportion of all people in our firm who chose not to disclose whether they have a disability (including prefer not to say and no declaration made)

Senior Representation
Junior Representation
Firm-wide
Did not disclose
12.5% 18% 55% 1% 13.5% Firm wide*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

14% 57% 20% 0.5% 8.5% Senior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

55% 1% 17% 13% 14% Junior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

58.41% 16.81% 15.02% 9.01% 0.75% Graduate 44.75% 2.74% 9.59% 22.83% 20.09% Apprentice

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

Eligible for free school meals

Graduate, school leaver and apprentice offers accepted

11%

Graduate

14%

Apprentice

State educated (type of school attended)

Graduate, school leaver and apprentice offers accepted

68%

Graduate

90%

Apprentice

13% 18% 55% 0.5% 13.5% Firm wide*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

13% 58% 20% 0.5% 8.5% Senior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*Partner, Director and Senior Manager

54% 1% 17% 14% 14% Junior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*Manager, Assistant Manager and Assistant/Trainee

59% 13% 16% 12% Graduate 47% 1% 11% 26% 15% Apprentice

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*This is based on a response rate of 63.18%

Eligible for free school meals

Graduate, school leaver and apprentice offers accepted

12%

Graduate

21%

Apprentice

State educated (type of school attended)

Graduate, school leaver and apprentice offers accepted

68%

Graduate

92%

Apprentice

12% 19% 55% 14% Firm wide*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

58% 14% 20% 8% Senior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*Partner, Director and Senior Manager

54% 1% 18% 13% 14% Junior representation*

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

*Manager, Assistant Manager and Assistant/Trainee

62% 11% 14% 13% Graduate 44.2% 15.6% 20.6% 19.6% Apprentice

Higher managerial, administrative and professional occupations

Intermediate occupations

Routine and manual occupations

Never worked or long-term unemployed

Prefer not to say

Eligible for free school meals

Graduate, school leaver and apprentice offers accepted

11%

Graduate

19%

Apprentice

State educated (type of school attended)

Graduate, school leaver and apprentice offers accepted

66%

Graduate

88%

Apprentice

Firm-wide*
Senior Representation*
Junior Representation*
Graduate & Apprentice intake

Female representation

25%

Partner

39%

Director

49%

Senior Manager

Black, Asian and Minority Ethnic representation

25%

Partner

39%

Director

49%

Senior Manager

Disability representation

25%

Partner

Lesbian, Gay & Bisexual representation

25%

Partner

Diversity strengthens our profession and our business. I'm proud to be part of such an inclusive board at a moment when this has never been more important.”

Melissa, Partner

Melissa
Stonewall Top 100 Employers
Top 50
in the Stonewall Top 100 Employers 2020
Top 50 Employer for Women
Top 50
Employer for Women for the 10th consecutive year
The Times Top 100 Graduate Employers
7th
in The Times Top 100 Graduate Employers
Social Mobility Employer Index
3rd
in Social Mobility Employer Index

Come and join us. Find out about careers at KPMG

Our remuneration and pay gaps

Gender pay gap
Gender pay gap
(colleagues and partners)
16.9%
Median
Down

Reduced by 5.2% points
(22.1% points in 2019)

Ethnicity pay gap
Ethnicity pay gap
(colleagues and partners)
11.7%
Median
Down

Reduced by 0.9% points
(12.6% points in 2019)

See our UK Pay Gap Report

Our pay ratio

We are committed to transparency and on a voluntary basis publish below the ratio of our Chair's total remuneration to that of our employees at the 25th, 50th and 75th percentile (calculated on a full time equivalent basis).

33:1
Ratio of Chair's total remuneration to employees' median pay and benefits
(FY19 was 37:1)
50:1
25th percentile
(FY19 was 56:1)
33:1
50th percentile
(FY19 was 37:1)
22:1
75th percentile
(FY19 was 24:1)

The year-on-year reduction in the ratio reflects the lower total remuneration of the Chair in FY20 compared to FY19.

Our impact

Raised for the NSPCC
Over
£1.2m
raised for the NSPCC since FY18
Volunteers
Volunteers
3,162
Volunteering hours
Volunteering hours
46,221
Community beneficiaries
Community beneficiaries
45,034
National Numeracy Day
Since 2018, over
100,000
people have taken the National Numeracy Challenge through National Numeracy Day
Books pledged
Books pledged to schools and early years settings in areas with the worst social mobility outcomes
10,000+
KPMG Foundation
KPMG Foundation has been improving lives of the UK's most vulnerable children and young people
20 years
Science-based target commitment
Science-based target commitment
Net zero by 2030
Total Community Investment
Total Community Investment
£7.1m

See our Corporate Responsibility Report

The firm has given me the time to do something that really matters to me. In return, I'm a better team player and communicator when I'm doing my desk job.”

Luke, St John's Ambulance volunteer

Luke