The petals on the Purple Rose of Chicago were in full, fragrant bloom in 2022 as Grant Thornton posted revenue for its fiscal year ending July 31 of $2.3 billion, a nearly 17% increase over the $1.97 billion the firm brought in last year.
“Our FY 2022 revenues demonstrate how effectively we’re delivering against our firm’s purpose: to make business more personal and build trust into every result,” said Grant Thornton CEO Seth Siegel, who moved into the corner office on Aug. 1 after Brad Preber retired. “Not only are we providing clients with high-quality solutions and a peerless experience across our audit, tax and advisory service lines, but we’re doing it by supporting and caring for our people—enabling record-setting business performance in the process.”
Unfortunately, Grant Thornton likes to keep revenue by service line hush-hush. We’ll refer back to a statement we received from a GT spokesperson in 2018 about why the firm doesn’t publish any revenue information for its service lines:
“We’ve decided to share revenues only at the firm-wide level as part of our effort to present ourselves to the market as one single firm, so unfortunately, there’s no additional detail I can share with you when it comes to the service lines.”