International skilled providers community RSM has hit a significant milestone, surpassing the $10 billion income barrier for the primary time since its founding over six a long time in the past.
In its newest monetary yr, spanning the 12 months of 2024, RSM booked 6% income development, making it solely the sixth world accounting and advisory community to hit the $10 billion mark following simply the Large 4 and BDO.
“This yr’s outcomes reveal each our purchasers’ and member corporations’ resilience amidst difficult market situations,” stated Ernest Nedder, CEO of RSM Worldwide. “Our development is testomony to the worth our member corporations deliver, and underpin the imaginative and prescient of RSM’s 2030 world technique.”
From a service line perspective, the Assurance enterprise grew 15% to $3.2 billion, whereas the Tax enterprise noticed its payment revenue rise by 11% to $2.9 billion. Notably, in a yr when most of its friends confronted headwinds of their advisory divisions, RSM’s world consulting income remained steady at $3.9 billion.
Supply: RSM annual statements, Consultancy.org evaluation
North America witnessed 5% development to achieve revenues of $6.6 billion, cementing its standing as RSM’s largest area. The European enterprise grew by 8%, however mergers & acquisitions have been a significant driver of that development, with seven acquisitions closed throughout the continent, together with in France, Spain, Austria, and Denmark.
The agency’s largest deal nevertheless was closed inside its personal community – in October, the US and UK arms of RSM unveiled their plans for a ground-breaking merger, which is ready to create a $5 billion enterprise with greater than 23,000 staff.
The Latin America regional enterprise recorded 13% development, in Africa development of 17% was achieved, whereas Asia Pacific continued its sturdy development trajectory, attaining $1.1 billion in income on the again of seven% development. The corporate’s star performer was the Center East and North Africa enterprise, which loved a 38% soar in payment revenue in comparison with the yr earlier.
“Taking our native, regional and world developments in 2024, RSM is reinforcing our place because the main world supplier {of professional} providers to the center market,” said Nedder. “As we stay up for 2025, our organisation is dedicated to constructing on this strong basis via evolving the worldwide RSM expertise to really allow our purchasers and our folks to unlock worth and take cost of change.”
RSM at the moment has greater than 65,000 folks throughout 900 places of work in 120 international locations.
