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February 8, 2023

Despite a 2.6% Increase In 2021, Grant Thornton Couldn’t Catch BDO USA In the Midtier Firm Revenue Pissing Contest

This just in from the purple gang:

Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced record revenues of $1.97 billion for the fiscal year ended July 31, 2021.

“In a changing and uncertain environment, we continue to remain agile and perform with excellence across our entire firm, including our services lines, industry groups and internal services teams,” said Brad Preber, CEO of Grant Thornton. “We’ve combined flexibility and innovation with quality and value to realize record revenues. Because of this approach, we’re well-positioned for continued growth.”

So Grant Thornton’s revenue grew roughly 2.6% over last year’s $1.92 billion. But the firm’s instinct for growth and dynamic client service to its chosen markets wasn’t good enough to reclaim sixth place from BDO USA in the U.S. public accounting firm revenue race. BDO overtook GT for sixth place in 2021 after posting revenue of $2 billion. But neither firm is nowhere near catching the top midtier accounting firm in terms of revenue, RSM US, which reported $2.9 billion in 2021.

Related articles:

Grant Thornton’s Revenue Barely Moved the Needle In FY 2020
BDO USA Did Not Feel the COVID Pinch In 2021
Number of the Day: $2.9 Billion

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