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February 5, 2023

Not Surprisingly, Grant Thornton Made Billions Across the Globe In 2021

Grant Thornton didn’t want to be left out of the billionaires club for 2021.

GT joined Deloitte, PwC, EY, KPMG, BDO, and RSM by pulling in at least 10-digit global revenues this past fiscal year. Specifically, Grant Thornton racked up $6.6 billion in 2021, up from $5.8 billion in 2020.

The press release Grant Thornton sent out includes all of five bullet points of highlights from the past year, and then a long-winded, four-paragraph-long statement from Grant Thornton International CEO Peter Bodin. We don’t really care that much what Pete has to say, so here are the bullet points:

  • Regionally, EMEA (Europe, Middle East, Africa) saw the biggest revenue growth, up 19.1% to $2.5 billion; followed by Asia Pacific, up 15.8% to $1.2 billion; and the Americas, up 9.7% to $2.9 billion.
  • Strong growth across all service lines included assurance, up 16.1% to $2.7 billion; followed by advisory services, up 15.5% to $2.4 billion; and tax, up 8.6% to $1.4 billion.
  • Key strategic growth market firms saw growth of 14.9%. These include China, Japan, India, Germany, Italy, Brazil, and Mexico together with Nigeria and a cohort of five ASEAN (Association of Southeast Asian Nations) countries.
  • Overall headcount grew from 58,000 to 62,000.
  • These results represent year-on-year growth of 10.1% in constant currency terms.

Related article:

0.7% Is How Much Grant Thornton’s Global Revenue Grew In 2020

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