RSM Pulled In $5.37 Billion In Revenue Globally In 2018

This slipped through the cracks, but it might be of interest to a few of you RSM fanboys and fangirls.

The $5.37 billion in global revenue the firm hauled in last year is up 5.4% from 2017.

All three of RSM’s core service lines grew in 2018, the firm said:

Twelve months of growth have been spearheaded by an increase in the network’s consulting services, with revenues up 14.5% on 2017. The introduction of GDPR, increased cross-border trade risk and the growing threat from cybercrime have all provided new opportunities to extend relationships with clients. Elsewhere, tax advisory services have grown by 6%, while accounting services are up 13%. In addition, international collaboration between member firms remains a core contributor to RSM’s growth, with cross-border client fees increasing 18%.

Now that RSM’s 2018 numbers are in, here’s your current global accounting firm leaderboard in terms of revenues:

  1. Deloitte: $43.2 billion
  2. PwC: $41.3 billion
  3. EY: $34.8 billion
  4. KPMG: $29 billion
  5. BDO: $9 billion
  6. Grant Thornton: $5.45 billion
  7. RSM: $5.37 billion

RSM US solidified its spot as the fifth-largest accounting firm in the States with revenue of $2.14 billion in FY 2018.

The firm announced in February that it will be moving its U.S. headquarters from 1 S. Wacker Drive in Chicago to the 30 S. Wacker tower of the CME Center in Chicago sometime in late 2020 or early 2021.

[RSM]

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Critical Audit Matters: Does Anybody Care?

As if the standard auditor’s opinion weren’t already sleep-inducing enough. Standards in the United States now require auditors to identify critical audit matters (CAMs) in their reports on the financial statements of large public companies—things that, in the language of Auditing Standard 3101.11 of the Public Company Accounting Oversight Board, involved “especially challenging, subjective, or […]