Grant Thornton sees global revenues grow by 3.3% to 4.8 billion

27 January 2017 1 min. read
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Grant Thornton member firms have seen their revenues grow by 3.3% on average, measured in US dollar terms. The firm's headcount in the mean time grew by 11.4% on the year previous, breaching 47,000 people.

Grant Thornton has enjoyed a year of strong growth with revenues across its 130 global member firms up 7.8% on average in local currency terms, and 3.3% when measured in US dollars. The organisation saw its employee base increase by 11.4% to around 47,000 people, while adding new member firms in several countries, including Bosnia and Herzegovina, Croatia, Rwanda and Slovenia.

Grant Thornton sees global member firm revenues grow by 3.3%

In terms of service lines growth, tax services saw the biggest increase, up 4.4% to more than $2 billion, followed by assurance services, up 3.6% to $1 billion, while advisory services grew by 1.4% to $1,65 billion. From a regional perspective, the Americas remains the largest revenue generator at around $2,3 billion employing more than 16,600 people, followed by Europe where 13,700 people generate revenues of around $1.7 billion.

Ed Nusbaum, global CEO of Grant Thornton International, remarks about the firm’s result, “All credit goes to our 47,000 people in more than 130 countries for all that we have accomplished in the past year. We have created a solid platform for growth, placing both our people and our clients at the heart of our global strategy, allowing us to build on our quality and focus on our foundations to create sustainable growth for the future.

In the UK the firm recent expanded its footprint into the Scottish city of Aberdeen.