Grant Thornton grows global revenues

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IFRS
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.

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Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.

Asset management

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Automotive

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Banking

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Business services

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Energy and natural resources

Energy markets worldwide are undergoing major changes. Grant Thornton can help you capitalise on opportunities to unlock your potential for growth. See Overview

Healthcare

Demographic, organisational and resourcing issues are radically changing the global healthcare industry. See Overview

Insurance

Following world events such as the COVID-19 pandemic, Brexit, and changes to regulation and digitalisation, insurers must be alert to the challenges ahead. See Overview

Life sciences

The life sciences industry reaches across biotechnology, pharmaceutical and medical devices, medical technology as well as other industry sub-sectors. See Overview

Media

The media industry is in the grip of a technological revolution as the industry responds to the shift to digital and personalisation. See Overview

Not for profit

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Private equity

We help businesses navigate today’s changing private equity landscape, ensuring that you can respond to ever-changing regulations and investor demands. See Overview

Public sector

Across the globe, countries are moving towards leaner, more commercial, locally focused and responsive government and public sectors. See Overview

Real estate and construction

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Retail

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Technology

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Telecommunications

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Travel, tourism and leisure

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Grant Thornton International Ltd today announced its revenues grew to a record USD7.2 billion for the financial year ended 30 September 2022, up from USD6.6bn in 2021. This represents growth of 13.7% in constant currency terms*. All major service lines and regions achieved double-digit growth in constant currency during another challenging year in many markets.

Highlights (all in constant currency):

Regionally, strong growth was led by Americas (up 16.2% to USD3.3bn), followed by Asia Pacific (up 13.5% to USD1.3bn), and EMEA (up 11% to USD2.6bn).
Double-digit growth across all major service lines was led by advisory (up 18.1% to USD2.7bn), followed by tax (up 12.3% to USD1.5bn), and assurance (up 10.9% to USD2.9bn), reinforcing Grant Thornton’s commitment to the multidisciplinary model.
Among the network’s larger firms, particularly strong growth was reported by India, Ireland, Korea, US, France, and Japan.
Key strategic growth market firms saw growth of 13.6%. Strong performance in these key markets was led by Singapore, India and Brazil. Other markets in this group include China, Japan, Germany, Italy, Mexico, Nigeria and a cohort of five ASEAN countries.
Overall, 112 member firms reported growth with over half (57%) reporting double digit growth.
Headcount grew from 62,000 to 68,000 reflecting the network’s ongoing investment in its people and its commitment to building a diverse and inclusive global culture.

Download our global revenues infographic [ 818 kb ]

Peter Bodin, CEO Grant Thornton International Ltd says: “These results highlight the value of our continued focus on our network strategy and its ability to deliver sustainable growth for the network, despite another challenging year in many markets.

“Over the past year our member firms have continued to focus on helping their clients navigate volatile markets, whether due to geo-political tensions and their macro-economic consequences, or the ongoing impacts of COVID. Through all this, our firms have helped clients realise their international ambitions as businesses continue to look abroad for growth opportunities.

“These results also reinforce the true value of our multidisciplinary model for the network and for clients, as it enables us to invest in the technology and enhanced capabilities needed by today’s international clients. This in turn provides great opportunities for our people to further develop their skills and expertise – making Grant Thornton an attractive place to work.

“The resilience of our network will continue to be tested in the months and years ahead, but I have every confidence our member firms will continue to deliver for their clients, their people and their communities.”

-ENDS-

For any enquiries, please contact:

Campbell McIlroy
Director global communications

*GTIL reports global results in US dollars (USD). However, most of our member firms do not use USD as their local reporting currency so current year results are calculated using the prior year USD rate to remove the impact of currency fluctuation of the current year. This is referenced as 'constant currency'.

Copy text of article

Press Release

Grant Thornton grows global revenues by 13.7%* to USD7.2 billion

14 Dec 2022

Highlights (all in constant currency):

Regionally, strong growth was led by Americas (up 16.2% to USD3.3bn), followed by Asia Pacific (up 13.5% to USD1.3bn), and EMEA (up 11% to USD2.6bn).
Double-digit growth across all major service lines was led by advisory (up 18.1% to USD2.7bn), followed by tax (up 12.3% to USD1.5bn), and assurance (up 10.9% to USD2.9bn), reinforcing Grant Thornton’s commitment to the multidisciplinary model.
Among the network’s larger firms, particularly strong growth was reported by India, Ireland, Korea, US, France, and Japan.
Key strategic growth market firms saw growth of 13.6%. Strong performance in these key markets was led by Singapore, India and Brazil. Other markets in this group include China, Japan, Germany, Italy, Mexico, Nigeria and a cohort of five ASEAN countries.
Overall, 112 member firms reported growth with over half (57%) reporting double digit growth.
Headcount grew from 62,000 to 68,000 reflecting the network’s ongoing investment in its people and its commitment to building a diverse and inclusive global culture.

Download our global revenues infographic

-ENDS-

For any enquiries, please contact:

Campbell McIlroy
Director global communications