Any kind of financial growth during a global pandemic, the likes of which we’ve never seen, should be touted as a win. So it’s no surprise that Grant Thornton’s global PR team really hyped up the fact that GT’s revenue (barely) went in the plus column (unlike KPMG’s) for the 2020 financial year that ended on Sept. 30.
Grant Thornton generated revenue of $5.76 billion worldwide, up 0.7% from 2019’s total of $5.72 billion, according to a press release.
Here’s what’s included in GT’s 2020 highlight reel:
- The Americas region accounted for 45.5% of the firm’s revenue in 2020 ($2.62 billion; SALY), followed by Europe, Middle East and Africa (EMEA) at 36.6% ($2.11 billion; up 2.7%) of revenue and Asia Pacific at 17.9% ($1.03 billion; down 1.8%).
- Assurance services made up approximately 40.4% of total revenue ($2.32 billion; up 3.2%), advisory services brought in 36% of revenue ($2.08 billion; up 0.6%), and tax generated 21.8% of revenue ($1.26 billion; up 0.5%). Other services accounted for 1.8%.
- Mergers and acquisitions contributed $65 million with 36 transactions.
- The number of warm bodies Grant Thornton hired grew by 3.9% to 58,229.
- Two new firms joined the Grant Thornton International network in Chile and Turks and Caicos.
Related articles:
Grant Thornton Made a Little Magic Happen In 2019
Grant Thornton’s Revenue Barely Moved the Needle In FY 2020
