Skip to the content


Praxity revenues grow 11.7% in 2022 to reach new high of $8.77bn

Praxity revenues grow 14.2% in 2021 to reach all time high of $7.94bn
Praxity Global Alliance, the world’s largest alliance of independent accounting, tax and advisory firms, has reported record revenues of US$8.77bn, up 11.7% on the previous year, at constant exchange rates.

Representing the combined incomes of Praxity’s member firms in more than 120 countries, revenues grew for every region of the world and across every service line. Membership of the Alliance allows its 71,000 professionals to share their know-how and expertise, to better serve their clients and identify new business opportunities.


Highlights of 2022’s results include:

• Another year of double-digit growth of 11.7%
• Fee income increased from $7.94bn to $8.77bn
• Strong growth across all service lines
• Increased revenues in all regions
• 6,000 new professionals around the world


The results for the year ended 31 December 2022 represent a second consecutive year of double-digit growth for the Alliance, after global revenues increased 14.2% in 2021 to reach a previous all-time high of $7.94bn. The latest figures demonstrate member firms’ success in navigating the uncertainties around the global economic outlook and adapting to the continuing challenges arising as working practices evolve.

Praxity’s CEO Samantha Louis welcomed the results, commenting: “2022 saw some really strong organic growth by region and by service line. It was a great year for the Alliance and in 2023 we are going to see a lot of that work come to fruition.”



Every service line expanding

Audit and accountancy continued to be by far the biggest income generator for Praxity’s member firms. Generating revenues of $4.4bn, a 6% rise on the previous year, the service line represented just over half of the Alliance’s total $8.77bn revenues for the year. Tax revenues also saw healthy growth, up 12% to $2.2bn, while other revenues totalled $33m.

Advisory services saw the strongest rise in revenues – growing by 29% to $1.8bn – and Praxity’s innovative new Mergers & Acquisitions (M&A) Hub will support this service line going forward. Launched in Q3 of 2022, the bespoke platform makes essential details of potential disposals and acquisitions, in varied sectors and geographies around the world, easily accessible to members.

Looking ahead, Praxity will continue to support its member firms in expanding their businesses. “We have been working with communication strategy experts to create a consistent, clear message around Praxity to support member firms in acquiring new clients,” Samantha Louis says.


Growing global reach

Every region saw an increase in revenues over the year, supported by the addition of seven new firms to the Alliance. In the US and Canada, which account for well over half of the member firms’ total income, revenues rose 15% to $5.1bn. In Europe, income grew 7% to $2.1bn, while across Asia Pacific (including Australia and New Zealand), revenues increased 7% to $1.3bn.

Across Africa, revenues grew 8% to $129m, while in Latin America they increased 15% to reach $96m. The Middle East experienced the strongest growth, with revenues up 16% to $79m.



A healthy platform for 2023

The latest annual revenue figures for its member firms signal that Praxity has recorded strong growth every year since it was created in 2007 – and the Board is confident that 2023 will maintain this positive trend. Praxity provides ongoing support to current members in networking, knowledge-sharing and collaboration, in order to maximise client services.

Samantha says: “The Board continues to review our strategy and make adjustments as necessary, but the important thing is Praxity continues to go from strength to strength.”