Crowe Global Announce Double Digit Growth for 2024

Crowe Global (Crowe) have announced its latest financial performance figures, confirming global revenues of US$5.8 billion in 2024.

The leading worldwide accounting network saw a 10% year-on-year increase in global revenues. This marks more than a decade of consistently strong financial performance for Crowe. The global network recorded solid growth across all its regions. Asia Pacific, the Middle East, and Europe reported impressive results of 16%, 23%, and 13%, respectively.

In 2024, the network added new members located in countries, such as China and Indonesia. Members in key markets have also grown inorganically through strategic acquisitions to strengthen our capabilities in consulting and our core services. Crowe also successfully added new members in new territories, such as Martinique and Kosovo, strengthening its vast reach to more than 150 countries and 42,000 professionals.

Crowe’s financial performance was reinforced by a host of accolades gained by Crowe firms worldwide. Crowe Malaysia became the fifth largest firm in the country; Crowe UK ranked third in the AIM-listed client rankings; and Crowe US secured their sixth appearance in Fortune’s 100 Best Places to Work list.

Crowe’s consistent growth trajectory has been attributed to strategic investment in talent, collaboration platforms, and technology. The network maintains these deliberate investments have been essential to achieve the highest quality service for their clients. During the last 18 months, Kamel Abouchacra was appointed to lead the network while several other senior level appointments were made, including a new Chief Operating Officer, Jennifer McMahon.

Commenting on the network’s robust financial performance, Kamel Abouchacra, Crowe Global CEO, says:

Throughout our industry, global trends have had an impact, challenging all of us to explore new technologies, shift our business models, and consider varied approaches to talent acquisition. The rise of private equity has influenced strategic direction and business structures.

We have responded to these trends by choosing to look through the lens of opportunity, investing further in areas like AI and People Development. Our efforts in AI have produced numerous AI tools that our member firms are using to add greater efficiencies so they can spend more time-sharing experience and knowledge with their clients.

Building on an admirable rise in our estimated brand value, not to mention an exceptional reputation for quality and service, we are implementing a global strategy to serve clients across our network.”