RSM sees global revenues surge 15% to $8bn
In 2022, global fees from RSM’s consulting services grew by 37%, including IT consulting which increased by 26%
RSM has revealed its global revenues surged 15% to $8bn (£6.5bn) following double-digit growth across all regions.
The accountancy firm said fee income rose fastest in the emerging markets of Latin America (26%+) and Asia Pacific (19%+).
Meanwhile, in North America and across Europe, RSM also recorded 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%.
RSM reported that it 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.
In 2022, global fees from RSM’s consulting services grew by 37%, including IT consulting which increased by 26%. As cyber-attacks remain a constant threat, global risk advisory revenues rose by 26%.
RSM also experienced strong global growth across accounting (11%), tax (8%) and audit (6%). Demand for tax advisory services rose at pace to meet the needs of regulatory changes and increased tax complexity, and audit and tax remain core service areas for RSM.
Jean Stephens, RSM International CEO, 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.”
