Deel hits $1Bn revenue run rate as demand for global hiring soars
CALIFORNIA, UNITED STATES — Deel, the payroll and human resources (HR) platform powering global workforces, has crossed a $1 billion annual run rate just six years after its founding.
The milestone underscores the surge in demand for Deel’s borderless hiring solutions, as evidenced by its 75% year-on-year revenue growth and profitability since 2023, indicating the enduring nature of distributed work.
Deel’s profitability defies SaaS growth stereotypes
The company reported double-digit Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins in quarter one of 2025, despite not raising capital since 2022—a rarity in the competitive HR tech space.
Its 164% year-on-year growth in HR and payroll products underscores how businesses prioritize streamlined global hiring.
Deel’s success stems from replacing fragmented systems with a unified platform. Clients such as Klarna, Change.org, and BCG utilize it to onboard talent across more than 150 countries, thereby avoiding the compliance headaches associated with local payroll providers.
“Reaching a $1 billion run rate is a reflection of the trust our customers have put in us,” said Alex Bouaziz, Chief Executive Officer.
India emerges as a hotspot for borderless hiring
Deel’s India revenue surged 124% year-on-year, mirroring the country’s rise as a hub for global talent. “The momentum is just as visible in India, as more companies here expand globally and build distributed teams,” said Country Leader Sumit Sabharwal, citing demand for Deel’s white-label payroll services.
The platform’s localized compliance tools help businesses tap into India’s skilled workforce without legal bottlenecks.
With 1.25 million workers paid through Deel worldwide, its growth reflects a broader shift toward flexible work models.
As remote work evolves, Deel’s profitability and scale position it to dominate the next era of workforce management.
