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Thursday, February 22, 2024

RSM announces 15% global growth with revenues of $8bn

RSM has reported a 15 per cent growth in 2022 with global revenues of $8 billion, marking a fee income leap of over 40 per cent in three years. Reveues in Europe grew 17%

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According to the firm “this success would not have been possible without the commitment of the RSM professionals across 120 countries who deliver innovative solutions, lasting value and confidence to businesses around the world each and every day.”

In 2022, RSM delivered 15% growth globally, with double-digit growth across all regions. Fee income rose fastest in the emerging markets of Latin America (26%+) and Asia Pacific (19%+).  In North America and across Europe, RSM also recorded impressive revenue growth of 14% and 17% respectively, while the Middle East and North Africa region grew revenue by 17% and the rest of Africa by 10%.

As the leading provider of professional services to the global middle market, RSM has seen its worldwide fee income leap by 41.7% in the last three years, driven by increased requests across all regions for client support to address shifting fiscal and economic policies, supply chain disruption and the business and human impacts of the pandemic.  

Annual revenues in Europe went over USD $1.25 billion, up 17% on the previous year. RSM’s consulting services grew by 20% in 2022 compared to 2021 figures.

Jean Stephens, Chief Executive Officer of RSM International, said: “At RSM, our purpose is to instill confidence in a world of change. Our rapid growth is the result of our professionals supporting clients in over 120 countries to unlock value despite operating in an environment of unprecedented change and unpredictability. To continue our growth and cement our position as the global leader in professional services to the middle market, we will invest in further transforming our business into an insight-driven, digital organisation with compelling products and solutions. Our aim is to ensure we are always creating positive and lasting value for our people, clients and communities by giving them the confidence to tackle the current trading environment and shifting global economic landscape.”

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