Deloitte sees global revenue increase nearly 20%

Deloitte reported record revenue worldwide Thursday for fiscal year 2022 of $59.3 billion, a 19.6% increase over the past year in local currency.

The Big Four firm noted that over seven years, its revenue has grown $24 billion, or 69%, in terms of U.S. dollars. Consulting revenue grew at the fastest pace at 24.4%, followed by financial advisory, which grew 22.1%. Risk advisory revenue grew 19.5%, followed by tax and legal services revenue at 11.5%, and audit and assurance revenue at 8.7%. 

Among regions, the Americas grew the fastest at 22.1%, followed by Asia Pacific at 17.1%. Technology, media and telecommunications was the fastest-growing industry, followed by financial services. 

Brent Lewin/Bloomberg

“Over the past several years, we have steered a remarkable course to become the leading professional services organization in the world,” said Deloitte Global CEO Punit Renjen in a statement. “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.”

The audit and assurance practice continued to invest in technology and focused more on climate, sustainability and ESG reporting.

In April, Deloitte announced a “partnership with purpose” with the International Olympic Committee to provide management and business consulting services to support the IOC with its digital transformation strategy, and drive initiatives related to sustainability, diversity, equity and inclusion, and athlete career transition and well-being. Deloitte has also assembled a global sustainability and climate practice and strengthened relationships with 15 alliances on social venture initiatives including sustainability, climate, diversity and inclusion.

For fiscal year 2022, Deloitte reported its societal impact investment was $284 million, bringing its seven-year investment total to $1.7 billion. To aid Ukraine, the firm raised more than $7 million in financial donations and provided in-kind, volunteer, and pro bono support to organizations across the region. It also joined the Tent Partnership for Refugees to support people forced to flee their homes in Ukraine.