Chicago-based RSM US brought in $4 billion in revenue during the firm’s most recent fiscal year, with consulting driving business growth, according to its FY 2024 Impact Report.
The firm reached the $4 billion mark after a nearly 8% increase in revenue in FY 2024, up from $3.7 billion in FY 2023.
“We have made significant progress during the last year in our journey to become an even more compelling, digital and global organization committed to leading the middle market into the future,” Brian Becker, RSM US managing partner and CEO, wrote in the report. “To enhance our ability to be compelling to our clients and to our people, we took a bold step last year to align our audit and tax lines of business around service lines, capabilities, and solution sets. While geography still plays a crucial role in how we serve our clients, this change enables us to develop deeper technical and industry expertise while scaling for the future. It benefits our people by aligning them with others who do similar work across the country and around the world—enabling them to accelerate their learning and development while providing services with quality and due professional care. And it benefits our clients by providing seamless access to the full power of all RSM has to offer.
“New digital solutions continue to empower our people and our clients,” he continued. “Last year’s implementation of a new enterprise resource planning system is helping us harness data and information in powerful ways while increasing efficiency for our people and our clients. AI tools are enabling our professionals in their work as we simultaneously develop solutions for our clients’ businesses. And MyRSM is serving as our new, integrated client portal that provides a single point for clients to work seamlessly together with their RSM professionals. Finally, for our clients who need even more support to become digital, we are continuing to build and refine our full suite of outsourced solutions with some exciting announcements planned in the year ahead.”
Among RSM’s core service lines, consulting comprised 39% of the firm’s revenue, followed by tax at 32%, assurance 28%, and other 1%.
RSM is the fifth largest public accounting firm in the U.S. by revenue, only behind the Big Four firms (Deloitte, PwC, EY, and KPMG, in that order).
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Tags: Accounting, Firm Management
