Firm Management
RSM US Reaches Revenue of $3.7 Billion in FY 2023
Chicago-based RSM remains the fifth-largest accounting firm in the U.S. by revenue, only behind the Big Four firms.
Aug. 09, 2023
RSM US reported revenue of $3.7 billion for its 2023 fiscal year—which concluded on April 30, according to the Chicago-based firm’s newly released impact report—up from $3.3 billion in 2022.
“Here at RSM, we provide both leading insights and compelling solutions to help our clients and our teams rise to meet challenges. A few examples from this year include our work around economic headwinds and our support of clients during the banking crisis,” Brian Becker, RSM US managing partner and CEO, wrote in the report. “We have also continued to advance our managed services offerings to help clients who are challenged with the labor shortage, are looking to operate more efficiently, or are refocusing on the core of their business. And we continue to advance service offerings in new areas, such as environmental, social, and governance (ESG), where our clients are looking for our support.
“Simultaneously, we have been positioning our firm to meet the future,” he continued. “In January 2023, we launched a new global strategy for 2030, uniting all 57,000 people at RSM around the world. Domestically, we realigned our business to enable even more compelling experiences for our talent and our clients. Our lines of business are configured around common service lines, capabilities, and solution sets to enable our people to build expertise aligned with their passion, assemble strong teams of experts to serve clients, and deploy digital tools and resources more quickly. Our industry teams are focused on going to market with the most compelling insights and services, and our markets are structured to harness the full power of RSM to meet the needs of our clients. We have also scaled our offices in India and El Salvador to bring on outstanding new talent to work with our domestic teams in the delivery of services to our clients.”
Among RSM’s core service lines, consulting comprised 38% of the firm’s revenue, followed by tax at 33%, assurance 28%, and other 1%.
RSM is the fifth largest public accounting firm in the U.S. by revenue, only behind the Big Four firms (Deloitte, PwC, EY, and KPMG, in that order).