This morning turned out to be a pretty big Big 4 news day. First, we had EY’s top brass approving splitting its auditing and consulting businesses (no surprise here). Then we had Deloitte announcing its global revenue for 2022—and it’s a record amount (no surprise here either).
The Green Dot pulled in $59.3 billion in revenue for the financial year ending May 31, an 18.1% increase over 2021’s haul of $50.2 billion. This puts a decent-sized buffer between Deloitte—the biggest accounting firm in the world in terms of revenue—and second place PwC. In an interview with the Financial Times in July, PwC Global CEO Bob Mortiz said the firm’s global revenue for its most recent fiscal year would be close to $50 billion, up from $45.1 billion in 2021.
Let’s take a look at Deloitte’s 2022 by the numbers:
- $30.7 billion: The amount of revenue brought in by the Americas region, the largest of the three covered by Deloitte and a 22.1% increase over last year. The Europe, Middle East, and Africa region was next with $18.8 billion, followed by Asia Pacific with $10 billion.
- $25.8 billion: The amount of revenue brought in by consulting, the most of any of Deloitte’s businesses, followed by audit and assurance with $11.4 billion, tax and legal with $9.9 billion, risk advisory with $7 billion, and financial advisory with $5.3 billion.
- $16.1 billion: The amount of revenue for financial services, the most of any industry served by Deloitte, followed by consumer with $11.9 billion; government and public services with $10 billion; energy, resources, and industrials with $8.6 billion; technology, media, and telecom with $7.5 billion; and life sciences and health care with $5.3 billion.
- 411,951: Number of Green Dotters around the world at the close of FY 2022.
- 156,430: Number of new Deloitters hired worldwide in 2022.
- 55%: Percentage of male employees; 45% of employees are women.
- 25%: Percentage of female employees who are partners, principals, and managing directors. Deloitte set a goal of 30% by 2025.
The next contestant in the annual Big 4 dick-measuring contest will either be PwC or EY—both firms officially announce their revenue results in September. During a global all-hands employee call in July, EY Global CEO Carmine Di Sibio told his troops that the firm brought in $45.4 billion during its most recent fiscal year that ended on June 30. That’s a 13.6% increase over last year’s $39.95 billion.
KPMG will announce its 2022 global revenue in December.
Deloitte mgmt: wE nEeD to cUt cOsTs…FiRe PeoPle. Lol folks this is what they did during the pandemic in 2020 and then they had record revenues. So how good were their projections if they can’t even project their future cash flows properly?
I suspect they’re fine with 18+% annual growth, your critique notwithstanding.
I find it extremely unlikely that 25% of female employees are PPDs.
“ 25%: Percentage of female employees who are partners, principals, and managing directors. ”