• Strong demand for RSM’s services in Latin America heralds fourth successive year of double-digit growth.
• 71% of RSM Member Firms across the region experience revenue growth in local currencies. 
• Strategic integration of Member Firms heralds new chapter in Central America.
• Middle market businesses show resilience amid economic headwinds and regulatory shifts.

RSM, the leading provider of assurance, tax and consulting services to middle-market businesses, has today announced regional revenues of US$190.1million in Latin America for the 12 months to December 2024*.

The results amount to year-on-year growth of 13% and mark four consecutive years of RSM experiencing double-digit revenue growth across the region. 

Regional fee income for assurance services rose by 13% to US$78.7mn, while RSM’s tax  revenues in Latin America developed exceptional growth of 28% by climbing to US$37.6mn through more businesses seeking cross-jurisdictional support to pursue international growth strategies. 

Through maximising ESG, technology and cyber security expertise across the region, consulting revenue in Latin America continued its steady growth trajectory with a 6% increase and a fee income of US$73.8mn. Demand from businesses for RSM’s services drove growth across all corners of the region, with more than 70% of RSM’s Member Firms experiencing strong growth in their local currencies.

Eileen Turkot, Regional Leader – Latin America, at RSM International, said: “RSM has supported more clients than ever across Latin America to create value and open up new markets for internationally active businesses. This comes at a time where businesses’ resilience, amid significant geo-political, economic and regulatory challenges, has been greatly tested.

“Central to the success of our clients is Latin America’s position as an international supply chain superpower. The businesses we support are core components of global value chains - owing not just to their access to an abundance of natural resources, but also through the extent of their ambition, their ability to innovate and to generate significant inbound investment into the region.

“RSM’s 4,000 talented professionals provide our clients with valuable insights and expertise across Latin America with solutions that underline RSM’s status as the leading provider of professional services to the global middle market.”

Continued regional collaboration across Latin America was underpinned by RSM implementing an operational merger of six RSM Member Firms to form RSM Central America in 2024. The move leverages the combined strength of more than 600 subject matter experts across six countries through their provision of integrated regional consulting services.

This delivery of a seamless experience for clients and professionals saw RSM Central America’s combined revenues grow by 25%, compared to the six firms’ amalgamated revenues reported in 2023, prior to the merger.

Eileen Turkot, Regional Leader – Latin America, at RSM International, added: “For the clients we serve, and our talent across Central America, this delivery model made complete sense and is already making tremendous progress.

“The strong foundations the six Member Firms had each developed prior to the operational merger has ultimately made the transition a smooth and successful one. Building such a compelling set of results in Central America in its first year under a new go-to market model is a robust platform on which to build for the future.”

A strong financial year in Latin America adds to RSM’s global success, with the global organisation announcing worldwide revenues of US$10 billion for the 12 months to December 2024**.

The results amount to year-on-year growth of 6.4% and make RSM only the sixth global accounting network to exceed combined fees of $10 billion.

Global fee income for assurance services grew 15% to US$3.2bn, while RSM’s tax revenues rose by 11% to US$2.9bn, marking a second year in succession of double-digit growth. Global consulting revenue remained consistent with US$3.9bn, proving to be RSM’s strongest performing service line overall for a third year in a row.

E.J. Nedder, CEO of RSM International, said: “The combined revenues recorded by our organisation are testament to the value our Member Firms bring to a core part of the global economy, and underpin the vision of RSM’s 2030 global strategy. Our seamless and specialist cross-border solutions enable both middle-market and internationally active businesses to navigate challenges and build upon opportunities with confidence.

^{*2023 regional fee income was US$168.1mn 
**2023 global fee income was $9.4bn  
All figures and growth percentages use constant currency exchange rates.}