Deloitte has reported its global revenue numbers and while it’s another record-smasher for the Big D, it’s also got to be a bit disappointing for the firm that enjoys self-jerking it to their greatness more than any other. Growth is in the low single digits for the first time since 2020 when they clocked in at 3.9% growth (in US currency).
The total reported aggregate global revenue (unaudited): $67.2 billion for the fiscal year ending May 31, 2024. That’s a 3.1% increase in local currency (3.6% increase in USD) from FY2023. By comparison, the jump from 2022 to 2023 was a 14.9% increase; revenue growth from 2021 to 2022 was a staggering 19.6%. from Deloitte’s 2022 revenue, not quite as big a jump as the 19.6% increase between 2021 ($50.2 billion) and 2022 ($59.3 billion). It was only a few revenue announcements ago that Deloitte became the first Big 4 firm in history to break $50 billion in global revenue.
- 2024: $67.2 billion
- 2023: $64.9 billion
- 2022: $59.3 billion
- 2021: $50.2 billion
- 2020: $47.6 billion
“In a complex global environment over the past year, Deloitte successfully sustained a growth trajectory while investing heavily in the next generation of capabilities aligned to emerging areas of client demand,” says Joe Ucuzoglu, Deloitte Global CEO. “Our unrivaled breadth of capabilities spanning advanced technologies, sector depth, and expertise in critical business functions, positions Deloitte uniquely to help clients, markets, and society at large maximize the value of tech-driven transformation.”
Scrolling through the press release to figure out what information needs to be passed along to dear reader we got the idea to plug this thing into a word counter. Supposedly it’s “only” 2,718 words. Feels like five times that.
Growth — or shrink — by service line (in local currency):
- Tax & Legal: 8.7%
- Audit and Assurance: 4.1%
- Risk Advisory: 3.2%
- Consulting: 1.9% (ouch)
- Financial Advisory: -3.8% (double ouch)
There’s nothing else of value in this press release unless you enjoy the text version of those obscure videos of some guy trying to get his mouth around his own junk.
PwC or EY should be next to report revenue results, we’re going to guess it’s PwC since they just kicked off a round of layoffs.
Deloitte reports FY2024 revenue [Deloitte]
