RSM Reached $10 Billion Global Revenue Milestone in 2024

Firm Management | February 4, 2025

RSM Reached $10 Billion Global Revenue Milestone in 2024

RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.

Jason Bramwell

The RSM global network of accounting firms pulled in a total of $10 billion in revenue during its 2024 financial year, which ended in December.

The results amount to year-on-year growth of 6%, as the firm closed out its 2023 financial year with global revenue of $9.4 billion. In addition, RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.

E.J. Nedder

“The combined revenues recorded by our organization are testament to the value our member firms bring to a core part of the global economy and underpin the vision of RSM’s 2030 global strategy. Our seamless and specialist cross-border solutions enable middle-market businesses to navigate challenges and build upon opportunities with confidence,” RSM International CEO E.J. Nedder said in a statement. “This year’s results demonstrate both our clients’ and member firms’ resilience amidst challenging market conditions. As we look ahead to 2025, our organization is committed to building on this solid foundation through evolving the global RSM experience to truly enable our clients and our people to unlock value and take charge of change.” 

Global revenue for assurance services grew 15% to $3.2 billion, while RSM’s tax revenues rose by 11% to $2.9 billion, marking a second straight year of double-digit growth. Global consulting revenue remained consistent at 3.9 billion, and it was RSM’s strongest performing service line overall for a third year in a row.

Seven acquisitions across Europe, coupled with growing demand for services in the region, contributed to an 8% increase across all service lines, RSM said. North America, RSM’s largest region by revenue, saw 5% growth, reaching $6.6 billion.  

Strategic investment in talent, technology, and digital transformation resulted in RSM in Middle East and North Africa’s (MENA) growth of 38% in revenue compared to 2023. Combined revenues in the region have doubled since 2021.  

Continued regional collaboration, underpinned by an operational merger of six RSM member firms in Latin America, supported the region as a whole, recording 13% annual growth and $190.1 million in revenue. In Africa, RSM achieved 17% growth marked by the region’s sustained development across all service lines. Asia Pacific continued its growth trajectory, achieving $1.1 billion in revenue resulting from 7% growth.  

Last October, RSM US and RSM U.K. announced that they were in discussions to merge, forming a $5 billion transatlantic partnership targeting the middle market. The transatlantic merger would establish a partner-owned multinational organization spanning locations across the U.S., the UK, Canada, Ireland, India, and El Salvador, supported by 23,000 professionals.

“We see this strategic move as a key part of RSM’s journey in driving ever-closer collaboration through shared purpose, initiatives, and goals,” Nedder said. “Innovating and succeeding together are key and fundamental values at RSM, which we are focused on harnessing to enhance our service capabilities to clients across borders.”   

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