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Grant Thornton International reports 3.3% growth in revenue

Grant Thornton announced a total global revenue of US$ 4,789m for the financial year ended 30 September 2016, up 3.3% from FY15.

Of the total revenue, assurance services contribute around 42% (US$ 2.025m), advisory services 35% (US$ 1.652m), tax services 21% (US$ 1.018m) and other services 2% (US$ 94m). Tax was the fastest growing service line up 4.4% from previous year, followed by assurance (3.6%) and advisory (1.4%).

At the regional level, Grant Thornton reported US$ 98m in revenue in Africa, US$ 2,261m in the Americas, US$ 692m in Asia Pacific, US$ 1,667m in Europe and US$ 40m in the Middle East.

Grant Thornton International reported 27% regional growth in Asia Pacific and 9% both in the Middle East and in the Americas.

Battle for the 6th spot

With these results, Grant Thornton has solidified its position as the 7th largest network globally ahead of Baker Tilly International and might be in a position to close the gap with the 6th ranked RSM. In last year’s International Accounting Bulletin, RSM ranked as the 6th largest network globally ahead of Grant Thornton by a margin of US$ 8.6m.

Answers at the beginning of next month when International Accounting Bulletin will published its 2017 survey.

World Survey 2016: Data

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