Forvis Mazars said Tuesday its combined global revenue for financial years 2024 and 2025 was $5.7 billion, with year-over-year growth of 11%.
The network said performance has been solid across all service lines and regions, with audit and assurance services contributing 45% of revenue, tax 23%, advisory (consulting, financial advisory, and sustainability) 21%, and outsourcing 11%.
In late 2023, U.S.-based accounting firm Forvis announced an alliance with Paris-based global accounting firm Mazars to create a new global network called Forvis Mazars. The combination became official in June 2024. The network is comprised of Forvis Mazars LLP in the U.S. and Forvis Mazars Group SC, which operates internationally.
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“Our financial results reflect the trust of our clients, the strength of our people, and the relevance of our choices. More than ever, our ability to offer seamless cross-border services as a global team sets us apart, helping our clients navigate complexity, manage risk, and seize opportunities amid unprecedented levels of uncertainty and disruption worldwide,” Hervé Hélias, chairman of the Forvis Mazars Global Network Board, said in a statement. “By continuing to invest in the quality of our service, technology, and talent, we are positioning Forvis Mazars to support clients not only with today’s challenges but also helping them prepare confidently for what’s next.”
Speaking specifically about the audit and assurance service line, Hélias added, “The rise of AI and digital platforms is creating a new need for independent oversights. Audit and assurance, which represents 45% of our business globally, had a particularly strong year, delivering double-digit growth. Looking ahead, the need for rigorous, independent assurance is only going to grow in this digital, regulatory, and sustainability-driven environment. Forvis Mazars is perfectly placed to support clients in this area.”
Rob Pruitt, vice chairman of the Forvis Mazars Global Network Board, said the accounting firm network’s growth over the last year underscores the momentum it has established together across the U.S. and around the world.
“The confidence our clients place in us every day is driven by our commitment to deliver an unmatched experience that enables clients to make informed decisions in an increasingly challenging environment,” he added.
Photo credit: Forvis Mazars US
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