Forvis Mazars Reported $2.32 Billion in Fiscal 2026 Revenue
The accounting firm grew its footprint with new office openings and increased its investment in nonprofit sector outreach.
Updated on Oct. 2, 2026 in Philanthropy
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Forvis Mazars announced $2.32 billion in revenue for fiscal 2026, marking a 3.5% growth rate for the national professional services firm. This performance was bolstered by expansion into Minneapolis and Seattle and an acquisition of the health care consulting platform The Innova Group.
Why it matters
The firm's growth highlights the importance of vertical integration in professional services, as specific gains were driven by the nonprofit, education, and technology sectors. For operators, this indicates that scaling through targeted consulting acquisitions and specialized service lines remains a viable competitive strategy.
Forvis Mazars reported $2.32 billion in revenue, representing 3.5% overall growth and 5% expansion in assurance and tax services. The firm also promoted 50 new partners and managing directors, disbursed $3.6 million to nonprofits, and logged 33,700 hours in community service.
The players
Forvis Mazars
A national professional services firm providing accounting, tax, and consulting expertise.
The Innova Group
A health care consulting platform recently acquired to expand the firm's specialized advisory capabilities.
The details
Growth was driven by demand across the nonprofit, education, public sector, private equity, and technology markets. The firm bolstered its operational capacity by acquiring The Innova Group, a consulting platform focused on health care, and expanded its physical reach with new offices in Minneapolis and Seattle. These additions follow the firm's success in client retention, which it quantified with a net promoter score of 85.
Timeline
The firm reported its financial performance for fiscal 2026.
Market Landscape
Forvis Mazars' expansion follows the broader industry trend of accounting firms diversifying into niche consulting to capture higher-margin advisory revenue. This reflects the intense competition for specialized expertise as firms move beyond traditional tax and assurance services.
Business owners should analyze whether their own service providers are diversifying into specialized consulting, as this often signals a shift in available expertise for their own operations. Consider benchmarking your firm's community service involvement against the 33,700 hours reported to align with current industry engagement standards.
The takeaway
Operational growth in the current market is increasingly tied to targeted acquisitions and high service quality, evidenced by the firm's 85 net promoter score. Operators should monitor their own client satisfaction metrics and consider if external consulting partnerships could offer similar competitive advantages in niche sectors.
Further reading
For broader insights on how professional services firms manage corporate social responsibility alongside expansion, visit the Philanthropy section.
Source note: This article includes information reported by Accounting Today.
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