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Founded
1987-01-01 in London, United Kingdom
Headquarters
15 Canada Square, London, England, UK
Email
kpmg@kpmg.com.mt
Phone
+356 256 310 44

KPMG is a British multinational professional services network and one of the Big Four accounting firms, alongside Deloitte, EY, and PwC. Headquartered in London, England, it operates as a global organization of independent member firms in 145 countries, employing over 275,000 people. The name KPMG stands for Klynveld Peat Marwick Goerdeler, reflecting the 1987 merger of Peat Marwick International and Klynveld Main Goerdeler. Its founding firms trace to the late 19th century, including Marwick, Mitchell & Co. and William Barclay Peat & Co. Today KPMG delivers Audit & Assurance, Tax, and Advisory services across all industries. In its 2024 financial year, it reported global revenues of US$38.4 billion, the fastest growth among the Big Four. Notable innovations include the KPMG Modern Data Platform, the Sofy Suite for GRC, and early adoption of generative AI through a partnership with Anthropic to deploy Claude to employees. Recent restructuring aims to merge dozens of national partnerships into fewer economic units to improve governance and investment capacity.

Detailed Review

History

KPMG was formed in 1987 through the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG). Its constituent firms date back to the late 19th and early 20th centuries: Marwick, Mitchell & Co. (founded 1897 in New York), William Barclay Peat & Co. (1891 in London), Klynveld Kraayenhof & Co. (1917 in Amsterdam), and Deutsche Treuhand-Gesellschaft (later part of KMG). The name combines the initials of key founding families: Klynveld, Peat, Marwick, and Goerdeler.

Business Model

KPMG operates as a network of independent member firms in 145 countries, each a separate legal entity bound by common quality standards. The firm’s services are organised into three primary lines: Audit & Assurance, Tax & Legal, and Advisory (including Consulting, Deal Advisory, and Risk Consulting). Revenue is generated through professional fees from clients ranging from multinational corporations to governments. In fiscal 2024, global revenues reached US$38.4 billion, the fastest growth rate among the Big Four.

Technology and Innovation

KPMG has invested heavily in technology-enabled services. The KPMG Modern Data Platform is a cloud-native solution that simplifies data infrastructure and advanced analytics. The Sofy Suite provides SaaS modules for governance, risk, and compliance (GRC). The firm also developed KymChat, an internal AI-powered tool built on large language models, and the KPMG Digital Gateway which integrates generative AI (including Claude from Anthropic) for employee use. A global smart audit platform with AI capabilities was launched in 2024 to enhance audit quality.

Recent Developments

In March 2025, KPMG announced a major restructuring of its partnership structure, aiming to consolidate over 100 economic units into about 32 by 2026. This move is designed to improve governance, facilitate cross-border investment, and prevent audit scandals. The UK partnership voted in 2024 to merge with Swiss operations. The firm continues to advise on high-profile transactions, such as the $6.1B Boston Celtics acquisition, and partners with organisations like the LPGA for data-driven fan engagement.

Key Products

  • KPMG Modern Data Platform

    A cloud-native data platform that simplifies and accelerates data infrastructure and advanced analytics, helping clients unify disparate data sources and deploy AI/ML models.

  • Sofy Suite (by KPMG)

    A suite of SaaS solutions for governance, risk, and compliance (GRC), including modules for audit management, risk assessment, and regulatory reporting, available on cloud marketplaces.

  • KymChat

    KPMG’s proprietary AI-powered ChatGPT-style tool used internally and for client engagements, built on large language models to assist with document summarisation, research, and knowledge management.

  • KPMG Digital Gateway

    A platform that integrates the firm’s AI tools (including Claude) for employee use, providing secure access to generative AI capabilities across the global network.

  • KPMG Global Smart Audit Platform

    An AI-enhanced audit platform announced in 2024, designed to increase audit quality through automation and data-driven insights.

  • KPMG Pulse of Fintech

    A regular research publication and data platform tracking global fintech venture investment trends, serving as thought leadership for the firm’s brand.

  • KPMG Consumer Pulse

    A recurring survey and dashboard on consumer sentiment, used by retail and consumer goods clients to inform strategy.

Offices & Headcount

275288 employees (approx.)

Key Persons

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