The global accounting and consulting landscape is witnessing a significant shift in momentum as Forvis Mazars reports a substantial 11 percent increase in its annual revenue. The firm reached a total of $5.7 billion for the 2024-2025 fiscal year, marking one of its most robust periods of growth since the formalization of its unique international network structure. This financial performance highlights the success of the firm’s strategic efforts to bridge the gap between mid-tier localized service and the expansive reach of the traditional Big Four accounting giants.
Industry analysts point to the firm’s integrated model as the primary driver behind these figures. Unlike many of its competitors that operate through a loose association of independent member firms, Forvis Mazars has doubled down on a more unified approach to cross-border collaboration. This structure has allowed the organization to capture a larger share of the mid-market and large-cap enterprise segments, particularly as multinational corporations seek alternatives to their existing audit and advisory providers. The revenue jump suggests that the market is responding positively to a challenger brand that offers global scale without the perceived rigidity of the industry’s largest players.
Geographically, the growth was not isolated to a single region but was instead distributed across several key markets. The North American operations, buoyed by the legacy strengths of the Forvis brand, provided a stable foundation of high-margin advisory work and tax services. Meanwhile, the Mazars side of the partnership delivered strong results throughout Europe and the Asia-Pacific region. This geographic synergy is precisely what the leadership team envisioned when the two entities solidified their partnership, aiming to create a seamless experience for clients navigating the complexities of international regulation and reporting standards.
Audit and assurance services remained a cornerstone of the firm’s income, yet the most impressive growth rates were observed in the consulting and specialized advisory divisions. As businesses worldwide grapple with the dual challenges of digital transformation and ESG reporting requirements, Forvis Mazars has positioned itself as a critical partner. The firm has invested heavily in its technology stack, enabling its consultants to offer more data-driven insights to clients. This investment in human capital and software appears to be paying off, as advisory revenues outpaced more traditional service lines in several key jurisdictions.
Retention and recruitment have also played a vital role in this fiscal success. In a professional services market characterized by a fierce war for talent, the firm has managed to expand its headcount meaningfully. By promoting a culture that emphasizes agility and partner accessibility, Forvis Mazars has attracted top-tier professionals who might otherwise have gravitated toward larger competitors. The ability to scale the workforce while maintaining service quality has been a key differentiator in securing long-term contracts with high-growth companies.
Looking ahead, the leadership at Forvis Mazars remains optimistic about maintaining this trajectory. While global economic uncertainties and fluctuating interest rates present challenges for the broader professional services sector, the firm believes its value proposition is uniquely suited for the current climate. As more companies look to diversify their professional service providers to manage risk and improve transparency, the room for growth remains significant. The $5.7 billion milestone is not viewed as a peak, but rather as a validation of a business model designed for the modern global economy.
