Kreston Global reports highest ever revenue amid network expansion
March 4, 2025
Kreston Global is pleased to report a combined annual revenue for its member firms of $3.12 billion for the year ending 31 October 2024, representing a 7% increase from the previous year and marking the highest ever combined revenue figure for the network.
This growth was driven in part through significant expansion of Kreston’s global network, with the addition of seven new firms across four continents. These were; Revicom (Italy), De Beer (Netherlands), Kreston Osiris Audit (Luxembourg), Kreston Helmi Talib (Singapore), Kreston Thailand, Kreston BA Argentina, and Kreston Eastern Caribbean.
In terms of service lines, audit and assurance experienced the most growth, achieving a 24% increase year-on-year. Tax services also saw a moderate increase in fee income, rising some 3% compared to the previous year.
Regionally, income across Latin America grew the fastest in 2023-24, rising approximately 20%. This was followed by strong growth in both the Middle East (17%) and North America (13%), while growth in Asia, Europe and Africa remained largely flat.
In terms of people, Kreston Global member firms reached a combined headcount of 27,509 total staff, representing 1% growth of the previous year. Of this figure, 2,826 are partners, a slight reduction from a total of 2,853 partners in 2023-24.
Liza Robbins, Chief Executive of Kreston Global, said “Kreston Global has experienced phenomenal success over the past year, and our combined revenue growth is testament to the quality of the services which our members provide to businesses navigating both the changing regulatory landscape and global economic headwinds. In that context, demand is clearly growing for high-quality, reliable financial insights, reporting, and advice seeking to ensure compliance with shifting regulatory requirements.
“We are also pleased that our global expansion has continued, even amidst industry-wide challenges such as competing for talent and a rapidly moving landscape for technological innovation. Our combined growth reflects the tangible benefits of collaboration between members, which only strengthens our network overall and provides even better resources and capabilities for our clients around the globe.”