Owning a piece of Deloitte stock might sound appealing to many investors. After all, it's one of the world's top professional services company, with approximately 460,000 employees. Along with Ernst & Young, KPMG, and PricewaterhouseCoopers (PWC), Deloitte is known as one of the Big Four accounting firms.
Deloitte brought in $67.2 billion in revenue in fiscal 2024, and its influence spans a wide range of industries. Thousands of companies rely on it for tax services, auditing, consulting, financial advising, and risk management services.
In this look at Deloitte, we'll examine the status of the company, whether the company will go public, how you can get exposure to it, and whether it's profitable.
Is Deloitte currently publicly traded?
Deloitte is currently a privately held company. The company was founded in 1845 as a small London accounting firm. It expanded to the U.S. in 1893 and has continued to grow, capitalizing on the boom in mergers and acquisitions and the growth in consulting in the 1990s through the beginning of the 21st century.
However, Deloitte has never been a publicly traded company. The company is made up of individual firms that are members of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee that is incorporated in England and Wales. Typically, Deloitte member firms are structured as limited liability partnerships owned by their partners.
When will Deloitte IPO?
Deloitte will probably never have an initial public offering (IPO). Legal restrictions prevent the company from going public because of its unique ownership structure. According to its bylaws, only qualified people -- typically partners who work for the firm -- are allowed to own part of the company. So you'll probably never see its name on the IPO calendar.
None of Deloitte's Big Four peers are publicly traded, and other professional partnerships, such as law firms, typically aren't publicly traded either, although some other consulting firms that compete with Deloitte are publicly owned, like Accenture (ACN +3.56%) and Booz Allen Hamilton (BAH -0.21%).
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How to buy Deloitte stock
Deloitte isn't publicly traded, so you can't buy shares of the stock. If you're not a partner at Deloitte or married to one, you're not going to be able to own any equity in the company.
The company has a formal remuneration process for sharing profits, and partners receive profits based on the number of units they hold. Deloitte measures its equity by units instead of shares.
However, there are similar companies to Deloitte that are publicly traded and that you can invest in. Here's a step-by-step guide on how to buy stock in these companies.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
1. Accenture
The publicly traded company that most closely resembles Deloitte is probably Accenture. Like Deloitte, Accenture is a large consulting firm with financials similar to Deloitte's. It has a market cap of about $149 billion.
Both companies provide similar services, such as consulting and professional services. The biggest difference between the two is that Accenture is structured like a publicly traded corporation rather than a partnership.
It also has a different set of strengths from Deloitte in terms of professional services, but the company is similar to the Big Four accounting firms. In fact, Accenture began as the business and technology consulting segment of Arthur Andersen, which was one of the Big Five accounting firms before it went bankrupt due to scandals related to Enron and Worldcom in the early 2000s.
Accenture generated $17.7 billion in revenue in its third quarter of 2025, which is an 8% increase from the previous year.
2. Booz Allen Hamilton
Another publicly traded company that competes closely with Deloitte is Booz Allen Hamilton. It's a much smaller firm than Deloitte or Accenture but provides similar services.
The company is best known for providing consulting and other professional services to the federal government, but it also services other customers, primarily focusing on consulting.
In its fiscal year 2025, the company reported $12 billion in revenue, up 12.4% from the previous year. It also posted $935 million in net income, up 54.3%. Booz Allen carries a significant amount of debt at $2.86 billion.
3. Gartner
Finally, Gartner (IT +8.05%) is another publicly traded consulting firm. Gartner is best known for technology consulting, and its research reports, such as the Magic Quadrant, are closely tracked by the industry companies it ranks.
Gartner is less of a direct competitor to Deloitte than more comprehensive professional services firms, but it's a good option for investors looking for exposure to the tech consulting industry.
The company reported $1.69 billion in revenue in its second quarter of 2025 and net income of $241 million.
Is Deloitte profitable?
Deloitte finished its fiscal 2024 with revenue of $67.2 billion, a 3.5% increase in dollars. It also expanded its workforce to 460,000. Tax and legal was its fastest-growing segment, with local currency up 8.7%, followed by Audit & Assurance, which was up 4.1%.
Deloitte doesn't typically report its profits, but in 2021, its U.K. business announced a profit margin of 16.8%. With revenue of $67.2 billion in 2024, the company would have an operating profit of roughly $11 billion. At that level of profit, Deloitte's market cap would probably top $200 billion if it were publicly traded.
In other words, Deloitte is highly profitable, and that's unlikely to change.
Should I invest in Deloitte?
Given its corporate structure, there's no real way to invest in Deloitte stock, but many of its publicly traded peers have a history of outperforming the market.
Accenture, for example, has a long history of beating the market, with its stock more than doubling in the last decade. Gartner and Booz Allen Hamilton and Gartner have an even better track record over the last decade, jumping more than three and four times, respectively.
Considering the steady growth in the professional services industry and the increasing need and demand for consulting services, especially as the artificial intelligence (AI) boom seems to be taking off, these companies are likely to continue to grow.
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The bottom line on Deloitte
Based on its limited financial reporting, we know that Deloitte is a highly successful business. The company also has a long track record of steady growth, and it's been around for almost 200 years.
Unfortunately, Deloitte's corporate structure and business model make it highly unlikely that the company will go public. Still, investors who are thinking of investing in consulting stocks have other options that are also worth their investment dollars.
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