Deloitte has reported record global revenue of $74.5bn for the year to 31 May 2026, but growth in its technology and transformation business slowed as artificial intelligence continues to reshape demand across the consulting market.
Revenue increased from $70.5bn in the previous financial year, with constant-currency growth of 3.8%, compared with 4.8% a year earlier. The group’s Technology & Transformation division recorded growth of 2.5%, down from 4.7% in the previous year.
Strategy, Risk & Transactions grew by 4.4%, also below its prior-year rate of 5.5%. Deloitte’s audit and tax operations expanded more quickly than the consulting businesses, although the organisation does not publish full revenue figures for every global service line.
Regional performance was mixed. Asia Pacific recorded the strongest growth at around 7.5%, while the Americas grew by 3.2%. Europe, the Middle East, and Africa recorded growth of more than 3%.
The results come during a period of substantial structural change inside Deloitte itself. Its new EMEA organisation became effective on 1 June, bringing together 16 participating firms operating across more than 80 countries. The combined organisation includes around 6,000 partners and 132,000 professionals and entered the new structure with reported revenue of about €20bn.
Deloitte previously said the EMEA combination would be accompanied by more than €1.5bn of incremental investment, including spending on generative AI. The organisation has continued to expand its wider technology capabilities as clients examine how automation can alter operations, staffing, software development, finance, customer service, and professional workflows.
Slower growth in Technology & Transformation does not indicate that corporate spending on AI or digital systems has stopped. It reflects a more complicated market for large professional-services organisations whose clients are simultaneously investing in technology and asking whether the same technology can reduce the external labour required to deliver projects.
Generative AI has created demand for strategy, implementation, data, cyber, governance, and workforce advice. It has also increased pressure on consulting companies to automate parts of their own delivery models. Research, software configuration, documentation, analysis, testing, and other repeatable tasks can increasingly be supported by AI tools.
That produces a commercial tension across the sector. Consulting groups can benefit from helping clients adopt AI, while productivity gains can alter the relationship between project revenue and the number of consultants needed to complete the work. Buyers are also placing more emphasis on measurable outcomes rather than paying primarily for time and headcount.
Professional-services businesses have already been adapting to slower discretionary technology spending in some areas, longer client decision cycles, and stronger demand for AI-related capability. The largest consultancies are investing heavily in proprietary platforms, partnerships with major technology companies, and internal systems intended to increase delivery efficiency.
Deloitte entered the latest financial year with an established position in technology consulting. Gartner’s 2026 market-share report again ranked it as the world’s largest consulting services provider by revenue, citing 2025 consulting revenue of $41.6bn.
Scale does not remove the pressure to adapt the underlying economics of consulting. As AI systems become capable of handling larger portions of knowledge work, professional-services companies face decisions around pricing, recruitment, junior career pathways, intellectual property, and how productivity gains are divided between provider and client.
The launch of the consolidated EMEA organisation adds another element to that response. Greater coordination across national partnerships can allow investment in technology and sector expertise to be spread across a larger revenue base while giving multinational clients a more integrated regional structure.
Deloitte UK’s own financial results are scheduled to be released separately, meaning the global figures do not provide a direct measure of the UK partnership’s current financial performance.
At global level, revenue continues to expand to new highs. The more consequential change sits within the mix: the technology operation that has been central to consulting growth is expanding more slowly just as AI becomes both a significant source of client demand and a technology capable of changing how consulting work is produced.
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