Forvis Mazars revenue growth down from recent years

Forvis Mazars grew its U.S. revenue by 4% to $2.24 billion in 2025, down from recent years.

The Top 10 Firm released its 2025 Integrated Report on Monday, detailing its annual performance. Its U.S firm's overall organic growth was led by its tax practice (6.6%), followed by assurance (5.1%) and consulting (1.5%), in line with the profession-wide decline in consulting services. Industries with the most growth were construction and real estate, private client, private equity, technology and services, as well as nonprofit, education and the public sector. 

"This growth rate is down compared to what we've experienced in recent years but is consistent with the trends seen across our profession," said the report.

Courtesy of Forvis Mazars

Forvis Mazars U.S. added over 1,000 employees, raising its count to 7,000 employees, and added over 100 partners and managing directors, raising its count to 600. The firm grew its presence in the Southeast with the acquisition of audit, tax and consulting firm MSL in Florida, putting it in 76 U.S. markets and 30 states. Other notable market expansions, via acquisition or strategic investment, included Boston, Philadelphia, Minneapolis and Northern California. 

As of June 1, 2024, the firm, then known as Forvis and Mazars, restructured to create a global accounting network now called Forvis Mazars. The firm Forvis was formed only two years prior through the merger of two Top 20 Firms. This year, the global firm grew its combined revenue to $5.2 billion in 2025, with over 40,000 employees, over 400 offices and locations, over 1,800 partners, and over 100 countries, territories and markets.

"As a result of this integration work, the firm introduced clients and teams to an array of enhanced capabilities that are now part of our standard service offerings," the report reads. "We are always seeking opportunities to solve problems and fulfill client needs, and our robust global capabilities help us do exactly that."