EY UK Partners See Average Pay Rise to £787,000 After Profitable Year

EY UK Reports Significant Increase in Partner Pay for FY25

EY's partners in the United Kingdom have seen their average distributable profit rise by 9% to £787,000 for the financial year ending June 2025. This marks the first increase in partner pay since 2022, bringing the average payout close to the £803,000 recorded in 2023. The increase follows a period of robust financial performance for the firm, which reported a UK fee income of £3.78 billion, representing 2% revenue growth.

Financial Performance Highlights and Strategic Investments

The professional services giant announced that its distributable profits before tax climbed by over 3% to £679 million, up from £653 million in the previous financial year. This growth was underpinned by strong performances across several key service lines and sectors:

• Strategy and Transactions recorded a 10% revenue growth.
• Tax saw a 5% increase in revenue.
• Assurance experienced 3% revenue growth.

Conversely, the consulting division faced a challenging period, with revenues decreasing by 6%. Despite this, top-performing industry sectors included Financial Services, which grew by 5%, and Consumer and Health, which saw a 9% increase.

Workforce Adjustments and Future Outlook

In a year marked by strategic adjustments, EY UK hired nearly 2,400 individuals and admitted 59 new equity partners. However, the firm also undertook significant restructuring, including the axing of dozens of senior partners and approximately 150 senior consulting roles being made redundant in early 2025.

Anna Anthony, EY's UK & Ireland Regional Managing Partner, commented on the firm's ability to deliver both revenue and income growth while continuing to invest in skills and capabilities. The firm has made substantial investments in technology, including a $1 billion global commitment to audit technology, artificial intelligence (AI), and advanced data analytics. A notable initiative was the launch of the EY.ai Agentic Platform in March 2025.

Context of Previous Financial Years

The latest pay increase follows a dip in the financial year ending June 2024 (FY24), where the average distributable profit per partner fell by 5% to £723,000 from £761,000 in FY23. During FY24, UK fee income was £3.70 billion, with distributable profits before tax at £653 million. In the financial year ending June 2023 (FY23), EY UK reported a 16% revenue growth, reaching £3.76 billion, and distributable profits before tax of £659 million. The average distributable profit per partner in FY23 was £761,000.