• Register
Return to: Home > News > Nexia International reports record global revenues

Nexia International reports record global revenues

Nexia International reported $4.02bn in global revenues in 2018, surpassing the $4bn mark for the first time.

The networks revenue was an increase of 11% on 2017 and was a result of consistent growth across every region, with North America and Asia Pacific performing particularly well.

The rise in fee income in Asia Pacific was in part due to the recruitment of new member firms in China.

Alongside Nexia’s additions of new member firms in China, it also added member firms in Belarus, Bulgaria, Italy, Mali, Uganda, Zambia, and Zimbabwe.

Nexia International CEO Kevin Arnold said: “It is very pleasing to record another year of double digit growth and our long-term strategy of recruiting and retaining high quality firms in established and emerging world markets is clearly working.

“This impressive increase in fee income is fantastic news and shows that Nexia’s presence around the world continues to grow providing even more opportunities for our members.”

As well as Nexia’s record global results, other mid-tier networks also reported record revenues. Grant Thornton achieved global revenues of $5.45bn, a growth of 9.4%, which was its highest rate of growth in six years.

BDO also saw double digit growth in 2018, with a year-on-year growth of 10.7% to $8.99bn, solidifying its position as the largest of the mid-tier firms.

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.