Deloitte’s Fee Growth Dips as Firm Pledges $3 Billion for AI (1)

Deloitte’s global revenue rose 3.1% in 2024, down sharply from double-digit growth a year earlier, amid shrinking fees for its deals and financial advisory practice and slower growth within its core consulting unit.

The Big Four accounting and consulting giant posted $67.2 billion in revenue for its latest fiscal year that ended in May. In comparison, the firm boasted a 15% increase in fees and $65 billion in global revenue a year ago led by big gains in consulting.

The firm quietly published its most recent results late last week while laying out a new operational structure for its current ...