Deloitte is the first of the Big Four firms to announce its global revenue for 2022, bringing in a record $59.3 billion for the financial year ending May 31.
The firm’s 2022 revenue is an increase of 19.6% in local currency terms from 2021’s revenue of $50.2 billion.
“Over the past several years, we have steered a remarkable course to become the leading professional services organization in the world. The power of our multidisciplinary and private partnership model along with our global strategy drives our performance, allowing Deloitte to serve clients with distinction, take care of our people, give back to our communities, and uphold the public’s trust,” Deloitte Global CEO Punit Renjen said in a written statement on Thursday. “These principles have also helped us successfully navigate another tumultuous year of further unexpected shocks—from geopolitical conflicts to an ongoing pandemic to extreme environmental events and the highest inflation in a generation. By staying true to our purpose to make an impact that matters, our people have demonstrated their resilience by flexing and adapting to meet the challenges of the past year, all the while focusing on building better futures—for our people, clients, and communities.”
Among regions, the Americas grew the fastest at 22.1% ($30.7 billion), followed by Asia Pacific at 17.1% ($10 billion). The other region Deloitte serves—Europe, Middle East, and Africa—brought in $18.8 billion, according to the firm’s 2022 Global Impact Report.
Consulting was the fastest-growing business for Deloitte at 24.4% ($25.8 billion), followed by financial advisory at 22.1% ($5.3 billion), risk advisory at 19.5% ($7 billion), tax and legal at 11.5% ($9.9 billion), and audit and assurance at 8.7% ($11.4 billion).
The firm hired 156,430 people in 2022, bringing its total headcount worldwide to 411,951. Fifty-five percent of Deloitte employees are men; 45% are women. Deloitte noted that 25% of its female employees are partners, principals, and managing directors, with the firm setting a goal of 30% by 2025.
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Tags: Accounting
