The Grant Thornton network of global accounting firms raked in a record $8.5 billion of revenue for the 2025 financial year that ended Sept. 30, an increase of 6.1% in local currency terms and 5.9% in U.S. dollar terms from the previous year.
Under Global CEO Peter Bodin, Grant Thornton International has grown from $6.6 billion in 2021 to $8.5 billion in 2025, delivering a compound annual growth rate of 6.5% in U.S. dollar terms.
“Our record revenues reflect the strength and resilience of our network and the trust our clients place in us. Over the past five years, we have delivered sustainable organic growth—a long-term trend that positions us strongly for the future,” Bodin, who is stepping down as global CEO on Dec. 31 after serving two terms, said in a statement. “We have built a cohesive network with a clear focus on delivering the best quality service to mid-market businesses while embracing new dynamics, such as private equity investment, in our member firms. These changes bring exciting opportunities for our network and our clients.”
Bodin will be succeeded by Greg Keith, the current CEO of Grant Thornton Australia.
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Among Grant Thornton’s key service lines, assurance led the way with 7.9% growth and remains the largest service line at 44.8% of total revenues. Advisory grew by 4.7% (35.1%) and tax by 4.5% (20.1%).
Regional growth was also strong, led by Africa (up 16.2%), followed by Asia Pacific (up 11.2%), Europe and the Middle East (up 7.4%), and the Americas (up 2.7%).
According to Grant Thornton, other performance highlights include:
- Key strategic growth market firms saw growth of 10.8%, led by Singapore (+28.8%), India (+24.4%), Philippines (+22.8%), Brazil (+21%) and Thailand (+12.3%).
- Other standout markets: Türkiye (+71.6%), Greece (+21.8%), United Arab Emirates (+14.8%), Netherlands (+10.7%), South Korea (+10.3%), France (+9.4%), and Australia (+8%).
- Regionally strong growth was led by Africa (up 16.2% to $140 million), Asia Pacific (up 11.2% to $1.4 billion), Europe and the Middle East (up 7.4% to $3.3 billion), and the Americas (up 2.7% to $3.6 billion).
- Overall, 93 member firms reported growth in revenues this year, with more than half (53%) reporting double-digit growth.
The global network of Grant Thornton accounting firms now comprises about 80,000 people, an increase of 5.3% year-on-year.
Photo credit: JHVEPhoto/iStock
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