In its first full financial year since creating the global Forvis Mazars network in June 2024, the UK firm deepened cross border collaboration, benefiting from shared tools, platforms and methodologies that enhance both quality and consistency.
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3542total headcount.
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326 trainees welcomed to the firm.
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1145promotions across the firm.
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391.9mrevenue, 8.1% growth.
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21growth in audit & assurance.
In a year marked by economic uncertainty, our teams have delivered exceptional results for our clients while maintaining an uncompromising focus on quality. Against a backdrop of ongoing economic uncertainty across the UK and an evolving geopolitical landscape, our continued investment and disciplined approach have helped position the firm to navigate a more challenging market environment.
Our plans for organic, sustainable growth remain grounded in our values, powered by our people, and focused on creating exceptional value for clients, our communities, and society.
James Gilbey
UK CEO
Internationally, Forvis Mazars grew revenue to $5.7bn in FY24/25, delivering growth across key service areas. The continued growth of the global network is built on a foundation of offering seamless cross-border services as an integrated team, helping our clients navigate complexity, manage risk and seize opportunities amid unprecedented levels of uncertainty and disruption worldwide.
Performance across services lines
Growth was driven by strong performance across the business, demonstrating the resilience of Forvis Mazars’ multidisciplinary model. Audit & Assurance delivered exceptional growth of 21%, underpinned by continued investment in technology, data analytics and specialist expertise. This was matched by strong quality outcomes in the Financial Reporting Council’s most recent annual inspections, with 90% of audits reviewed requiring no more than limited improvements.
The Tax service line grew by 10%, fuelled by sustained demand for high quality compliance and advisory support. Financial Planning delivered a 13% increase, supported by heightened client demand as individuals and businesses navigated ongoing economic uncertainty, while growth in the Outsourcing offering reflected steady client demand for operational support.
Investing in talent and modern workplaces
As a partnership based on the principle of long‑term stewardship, the firm continued to prioritise investment in its people. Headcount grew to 3,542, with 1,145 promotions recognising talent across all grades, while 16 new partners were welcomed during the year. The development of integrated teams in India further strengthened delivery capabilities and global collaboration.
To support long-term capability and enhance client experience, Forvis Mazars moved to new offices in Bristol and Birmingham, both designed to encourage collaboration with clients and colleagues. Offices are supported by the firm’s expanding network of Innovation Labs: spaces designed for cocreation within the firm and with clients, as well as digital experimentation and purposeful problem solving.
A clear commitment to sustainability and societal impact
Sustainability remains a key pillar of the firm’s strategy. With a Science Based Targets initiative (SBTi)-validated net zero target, the firm continues to reduce scope 1 and 2 emissions, strengthen data quality, and expand use of smart energy management tools across its office estate.
FY 2025 also marked the launch of the Forvis Mazars Foundation, enhancing the firm’s longstanding commitment to social mobility, education and community investment.
Quality, technology and resilience for the future
During FY25 the firm made targeted investments in data analytics, AI-enabled tools, and a global audit platform to further enhance quality and efficiency. These technologies continue to strengthen both risk management and client delivery capabilities while supporting the development of new solutions across audit, tax and advisory.
