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Top 10 Accounting Firms 2023
Who are the top 10 accounting firms in the world in 2023?
The big 4 accounting firms are at the top of the list followed by the mid tier
accounting firms. Which mid tier accounting firms made the list of the
largest public accounting firms this year.
The top 10 largest accounting firms by revenue:
- Deloitte – $59.3 billion (Deloitte Info)
- PwC – $50.3 billion (PwC Info)
- EY – $45.4 billion (EY Info)
- KPMG – $34.64 billion (KPMG Info)
- BDO – $12.8 billion (BDO Accounting Firm Information)
- RSM $8 billion
- Grant Thornton – $6.6 billion
- Nexia International $4.5 billion
- Crowe Horwath $ 4.3 billion
- Baker Tilly $4.3 billion
| Firm Name | Revenue | Number of Employees |
|---|---|---|
| 1. Deloitte | $59.3 billion | 411,951 |
| 2. PwC | $50.3 billion | 328,00 |
| 3. EY | $39.9 billion | 365,399 |
| 4. KPMG | $34.64 billion | 265,000 |
| 5. BDO | $12.8 billion | 111,300 |
| 6. RSM | $8 billion | 57,000 |
| 7. Grant Thornton | $5.72 billion | 56,000 |
| 8. Nexia International | $4.5 billion | 35,600 |
| 9. Crowe Horwath | $4.3billion | 42,000 |
| 10. Baker Tilly | $4.3 billion | 39,000 |
1. Deloitte
Deloitte is ranked number one with revenues of $59 billion of revenue in
fiscal year 2022.
Deloitte earned $46.2 billion for their 2019 fiscal year.
They were able to pass PwC in 2016. They ranked behind PwC for their
2015 revenues.
2. PwC
The aforementioned PwC comes in at number 2 on the top 10 accounting
firms ranking.
PwC earned 50.3 billion in revenue. This puts them behind the
$59 billion of revenue that Deloitte generated.
PwC made 45 billion in 2020.
They made $42.4 billion in revenue for 2019 and 40.7 billion in 2018.
They made $37.7 billion in revenue for 2017.
They made $35.9 billion in revenue for 2016.
3. EY
Ernst and Young comes in at number 3. EY is usually at number 3
because they are usually several billion dollars behind PwC and Deloitte.
Their audit practices and consulting practices are not as robust as
Deloitte and PwC. That is why they lag behind their peers.
Ey earned revenues of $36.4 billion in 2019.
EY earned revenues of $34.8 billion in 2018.
EY earned revenues of $31.4 billion in 2017.
EY earned revenues of $29.6 billion in 2016.
EY has 284,000 professionals around the globe as well.
4. KPMG
KPMG rounds out the top 4 accounting firms.
KPMG earned revenues of $29.75 billion for their 2019 fiscal year.
KPMG earned revenues of $28.96 billion for their 2018 fiscal year.
KPMG earned revenues of $25.42 billion for their 2016 fiscal year.
KPMG has the least amount of employees in the big 4 with 219,000.
You will see a large drop off from KPMG to the next accounting firm
because of their global reach. The reason the big four accounting firms
are considered the big four is because the next closest accounting firm
isn’t really that close in terms of revenue or number of employees.
5. BDO
BDO is the fifth largest accounting firm in the world.
They earned $8.1 billion for their fiscal year ended September 30, 2017.
BDO attributes their growth in 2016 to strategic mergers that occurred.
In order for BDO to catch up to the big 4 accountancy firms they will have
to continue merging internationally. It is the global presence that makes the
big four the big 4.
BDO operates in over 150 countries in the world. The number of
employees working at BDO was 67,731. BDO has 1,401 offices across
the globe.
6. RSM
RSM is the sixth largest accounting firm of the top 10 accounting firms in
the world.
They earned $8 billion for the fiscal year ended December 2022.
They earned revenues of $5.1 billion for their fiscal year ended
December 31, 2017.
They earned revenues of $4.87 billion for their fiscal year ended
December 31, 2016.
As you might remember RSM launched their global brand recently in
October 2015. The global brand has helped RSM reach the number
sixth spot in the top 10 biggest accounting firms.
7. Grant Thornton
Grant Thornton is the seventh largest accounting firm with revenues of
$5 billion in 2017. The number of employees at Grant Thornton grew to
47,000 in 2016.
Grant Thornton operates in over 130 countries across the world.
Grant Thornton’s revenue by region were as follows
Africa – $98 million
Americas – $2,261 million
Asia Pacific – $692 million
CIS – $31 million
Europe – $1,667 million
Middle East – $40 million
8. Nexia International
Nexia has moved up to the 8th largest accounting firm in the world with
$4.5 billion in revenue. The number of employees working at
Nexia International was around 34,000.
Nexia has 2,594 partners working around the world.
Nexia earns 50% of their revenue in North America, 43% in Europe,
Middle East, & Africa, 6% in Asia Pacific and 1% in South America.
Nexia earns 45% of their revenue from audit work, 26% from tax services
and 29% from advisory services.
9. Crowe Horwath
Crowe Horwath is the ninth largest accounting firm of the top 10 accounting firms in the world with $3.8 billion in revenue. Crowe Horwath moved ahead of Baker
Tilly with their 2016 financial results.
Crowe Horwath has 216 member firms and operations in 129 countries.
They have over 760 offices around the world.
Crowe Horwath has 35,327 employees around the world
3,860 of those employees are partners and 26,447 are staff personnel.
10. Baker Tilly
Baker Tilly is the ninth largest accounting firm in the world.
Their most recent fiscal year has them earning $3.4 billion in revenue.
Baker Tilly has 30,490 professionals around the world.
They operate in over 147 countries.
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