RSM, the leading provider of assurance, tax and consulting services to middle-market businesses, has today announced worldwide revenues of US$9.4* billion for the 12 months to December 2023, a year-on-year growth of 16%. 

Global fee income for accounting and audit services rose by 15% to US$3.6bn, while RSM’s tax revenues jumped by 17% to US$2.6bn. Consulting revenue totalled US$3.1bn, representing a 16% increase on 2022. 

All regions showed impressive growth. Europe grew by 36% compared to 2022 as a result of sustained development across 33 Member Firms and the addition of RSM Ebner Stolz in Germany. North America, RSM’s largest region by revenue, saw an impressive 13% rise in fee income for the latest financial year, powered by significant growth in both tax and consulting services, particularly in relation to IT and ESG consulting. A strategic merger in South Africa in July 2023 coupled with overall progress across the region contributed to a 29% leap in revenue from Africa over the period. Exceptional growth was also recorded for both the MENA region, with a 30% increase on 2022, and Latin America, with an increase of 18%. Representing more than US$1bn in fee income, the Asia Pacific region grew by a strong 8%. 

Since the launch of RSM’s 2030 Global Strategy at the start of 2023, over the past 12 months RSM has established the critical building blocks for ongoing growth, transformation and change, focusing on four Strategic Drivers – People, Clients, Technology and Solutions. With a 13% increase in global headcount, RSM is dedicated to developing an unrivalled, inclusive culture and talent experience, believing investment in both people and technology to be critical to sustained growth and delivering rich, personalised client experiences. Global tech and digital investment increased four-fold over 2023 compared to 2022, over and above the significant technology investments being made by RSM Member Firms in all territories. 

Jean Stephens, CEO of RSM International, said: 
“This year’s financial results further cement our status as the leading global provider of professional services to the middle market. Powered by our 2030 Global Strategy - Taking Charge of Change – RSM has worked collaboratively as a global organisation more than ever before to innovate and better serve clients across borders. 

“With an emphasis on the generation and sharing of insight, streamlining the efficiencies and effectiveness of service provision and building connectivity through an enhanced global digital infrastructure, RSM is focused on providing innovative and valuable human insights powered by technology.”

In addition to a globally successful year in 2023, RSM Georgia demonstrated remarkable financial growth. The consolidated income for RSM Georgia increased by 28%, reaching 5.2 million GEL. This impressive growth was particularly evident in the financial audit services, where revenue jumped by 72%, and in other consulting services, where income grew by an outstanding 101%. Moreover, RSM Solutions, one of the largest ERP system providers in the Georgian market, generated 1.8 million GEL in revenue for 2023. This represents a significant 77% increase compared to the previous year. 

The steady growth of our company is founded on two key pillars. Firstly, our brand promise – the power of being understood - to develop a deep understanding of the needs of our clients or our colleagues so we can help them move forward successfully. Secondly, our unwavering commitment to our core values:

Respect and uncompromising integrity - We do the right thing, ensuring our actions speak louder than our words 

Succeeding together - We embrace inclusivity and individuality, and collaborate effectively to build strong relationships based on deep understanding

Excellence in all we do - We continuously focus on quality, and strive to be the best in all we do, as individuals and collectively 

Impactful innovation - We welcome change and put insight and technology to work, making a real difference for our clients and our people 

Acting responsibly - We build a better future by demonstrating a responsibility to our people, clients, communities and planet.

The RSM Georgia team remains dedicated to advancing the sustainable development of Georgian businesses and the broader economic market. This commitment aligns with our adherence to the 2030 global strategy, which guides our efforts and initiatives. By focusing on long-term growth, we aim to provide comprehensive support to our clients to navigate the evolving economic landscape. Our team leverages global insights and local expertise to deliver tailored solutions that foster resilience and innovation within the Georgian market. Through continuous collaboration and strategic planning, RSM Georgia is proud to contribute to the economic prosperity of the region, staying true to our promise, purpose and values.