When it comes to auditing services, Deloitte stands out as one of the leading firms in the United States. With a diverse portfolio of clients across various sectors, Deloitte’s influence in the auditing industry is substantial. In this article, we will delve into the details of Deloitte’s audit clients, highlighting key sectors and providing insights into their market presence.

Deloitte Audit Clients in the US: A Comprehensive Overview

When it comes to auditing services, Deloitte stands out as one of the leading firms in the United States. With a diverse portfolio of clients across various sectors, Deloitte’s influence in the auditing industry is substantial. In this article, we will delve into the details of Deloitte’s audit clients, highlighting key sectors and providing insights into their market presence.

Key Sectors and Deloitte’s Market Presence

Deloitte audits a significant number of companies across multiple sectors in the S&P 500. Here is a breakdown of Deloitte’s audit clients for S&P 500:

• Financials: Deloitte audits 28% of the companies in the Financials sector, which includes major players like MetLife Inc. and Morgan Stanley.
• Information Technology: With 15% of the companies audited by Deloitte, this sector includes tech giants like Microsoft Corp.
• Health Care: Deloitte audits 13% of the companies in the Health Care sector.
• Industrials: Deloitte has a strong presence in the Industrials sector, auditing 28% of the companies.
• Materials: Deloitte audits 15% of the companies in the Materials sector.
• Consumer Discretionary: Deloitte audits 21% of the companies in this sector.
• Utilities: Deloitte has the highest market presence in the Utilities sector, auditing 55% of the companies.
• Consumer Staples: Deloitte audits 16% of the companies in this sector.
• Energy: Deloitte audits only 5% of the companies in the Energy sector, the lowest among all sectors.
• Communication Services: Deloitte audits 10% of the companies in this sector.
• Real Estate: Deloitte audits 17% of the companies in the Real Estate sector.

Deloitte’s Overall Market Presence in S&P 500

Overall, Deloitte audits 21% of the total companies across all sectors in S&P 500. This significant market presence underscores Deloitte’s reputation and reliability in the auditing industry.

Notable Deloitte Audit Clients

Some of Deloitte’s largest and most notable audit clients in the US include:

• MetLife Inc.: A leading global provider of insurance, annuities, and employee benefit programs.
• Microsoft Corp.: One of the world’s largest technology companies, known for its software, hardware, and cloud services.
• Morgan Stanley: A global financial services firm providing investment banking, securities, wealth management, and investment management services.

Deloitte’s Audit Revenues

Deloitte globally has experienced steady growth in its audit revenues over the past decade. The next chart highlights the global audit revenues of Deloitte from FY2012 to FY2024. Unfortunately, Deloitte does not provide audit revenues just for North America. Read the Deloitte Global Impact Report for 2023 here.

The detailed list of S&P 500 audit clients of Deloitte is provided below:

Company	GICS Sector	GICS Sub-Industry	Deloitte Office Location
Air Products and Chemicals, Inc.	Materials	Industrial Gases	Philadelphia, Pennsylvania
Alliant Energy Corporation	Utilities	Electric Utilities	Milwaukee, Wisconsin
Allstate Corporation	Financials	Property & Casualty Insurance	Chicago, Illinois
American Tower Corporation	Real Estate	Telecom Tower REITs	Boston, Massachusetts
Amphenol Corporation	Information Technology	Electronic Components	Hartford, Connecticut
ANSYS, Inc.	Information Technology	Application Software	Pittsburgh, Pennsylvania
Automatic Data Processing, Inc.	Industrials	Human Resource & Employment Services	Morristown, New Jersey
Berkshire Hathaway Inc.	Financials	Multi-Sector Holdings	Omaha, Nebraska
Best Buy Co., Inc.	Consumer Discretionary	Computer & Electronics Retail	Minneapolis, Minnesota
BlackRock, Inc.	Financials	Asset Management & Custody Banks	New York, New York
Block, Inc.	Financials	financial services	New York
The Boeing Company	Industrials	Aerospace & Defense	Chicago, Illinois
Booking Holdings Inc.	Consumer Discretionary	Hotels, Resorts & Cruise Lines	Stamford, Connecticut
Bristol-Myers Squibb Company	Health Care	Pharmaceuticals	Morristown, New Jersey
Broadridge Financial Solutions, Inc.	Industrials	Data Processing & Outsourced Services	New York, New York
Brown & Brown, Inc.	Financials	Insurance Brokers	Tampa, Florida, United States of America
Bunge Limited	Consumer Staples	Agricultural Products & Services	St. Louis, Missouri
C.H. Robinson Worldwide, Inc.	Industrials	Air Freight & Logistics	Minneapolis, Minnesota
Caesars Entertainment, Inc.	Consumer Discretionary	Casinos & Gaming	Las Vegas, Nevada
Camden Property Trust	Real Estate	Multi-Family Residential REITs	Houston, Texas
CenterPoint Energy, Inc.	Utilities	Multi-Utilities	Houston, Texas
The Charles Schwab Corporation	Financials	Investment Banking & Brokerage	Dallas, TX
Church & Dwight Co., Inc.	Consumer Staples	Household Products	Morristown, NJ
Cincinnati Financial Corporation	Financials	Property & Casualty Insurance	Cincinnati, Ohio
Citizens Financial Group, Inc.	Financials	Regional Banks	Boston, Massachusetts
Comcast Corporation	Communication Services	Cable & Satellite	Philadelphia, Pennsylvania
Deere & Company	Industrials	Agricultural & Farm Machinery	Chicago, Illinois
Discover Financial Services	Financials	Consumer Finance	Chicago, Illinois
Dillard’s, Inc.	Utilities	Multi-Utilities	Richmond, Virginia
Dow Inc.	Materials	Commodity Chemicals	Midland, Michigan
Duke Energy Corporation	Utilities	Electric Utilities	Charlotte, NC
Enphase Energy, Inc.	Information Technology	Semiconductor Materials & Equipment	San Francisco, California
Entergy Corporation	Utilities	Electric Utilities	New Orleans, Louisiana
EOG Resources, Inc.	Energy	Oil & Gas Exploration & Production	Houston, Texas
EPAM Systems, Inc.	Information Technology	IT Consulting & Other Services	Philadelphia, Pennsylvania
Evergy, Inc.	Utilities	Electric Utilities	Kansas City, Missouri
Eversource Energy	Utilities	Electric Utilities	Hartford, Connecticut
Fair Isaac Corporation	Information Technology	Application Software	San Diego, CA
Fifth Third Bank, National Association	Financials	Regional Banks	Cincinnati, Ohio
Fidelity National Financial, Inc.	Financials	Insurance Brokers	Milwaukee, Wisconsin
Fortinet, Inc.	Information Technology	Systems Software	San Jose, California
General Electric Company	Industrials	Aerospace & Defense	Boston, Massachusetts
GE HealthCare Technologies Inc.	Health Care	Health Care Equipment	Chicago, Illinois
Generac Holdings Inc.	Industrials	Electrical Components & Equipment	Milwaukee, Wisconsin
Global Payments Inc.	Financials	Transaction & Payment Processing Services	Atlanta, Georgia
Gilat Satellite Networks Ltd.	Financials	Life & Health Insurance	Dallas, Texas
The Hartford Financial Services Group, Inc.	Financials	Property & Casualty Insurance	Hartford, Connecticut
Honeywell International Inc.	Industrials	Industrial Conglomerates	Charlotte, North Carolina
HII Technologies, Inc.	Industrials	Aerospace & Defense	Richmond, Virginia
Idexx Laboratories, Inc.	Health Care	Health Care Equipment	Chicago, Illinois
Illinois Tool Works Inc.	Industrials	Industrial Machinery & Supplies & Components	Chicago, Illinois
IRIDEX Corporation	Health Care	Health Care Equipment	Charlotte, NC
Interpublic Group of Companies, Inc.	Materials	Paper & Plastic Packaging Products & Materials	Memphis, Tennessee
Invitation Homes Inc.	Real Estate	Single-Family Residential REITs	Dallas, Texas
Iron Mountain Incorporated	Real Estate	Other Specialized REITs	Boston, Massachusetts
Keurig Dr Pepper Inc.	Consumer Staples	Soft Drinks & Non-alcoholic Beverages	Dallas, Texas
Kimberly-Clark Corporation	Consumer Staples	Household Products	Dallas, Texas
KKR & Co. Inc.	Financials	Asset Management & Custody Banks	New York, New York
LHC Group, Inc.	Health Care	Health Care Services	Raleigh, North Carolina
Las Vegas Sands Corp.	Consumer Discretionary	Casinos & Gaming	Las Vegas, Nevada
Leidos Holdings, Inc.	Industrials	Diversified Support Services	McLean, Virginia
Lennar Corporation	Consumer Discretionary	Homebuilding	Miami, Florida
LKQ Corporation	Consumer Discretionary	Distributors	Chicago, Illinois
Lowe’s Companies, Inc.	Consumer Discretionary	Home Improvement Retail	Charlotte, North Carolina
Marsh & McLennan Companies, Inc.	Financials	Insurance Brokers	New York, New York
McKesson Corporation	Health Care	Health Care Distributors	Dallas, Texas
MetLife, Inc.	Financials	Life & Health Insurance	New York, New York
MGM Resorts International	Consumer Discretionary	Casinos & Gaming	Las Vegas, Nevada
Microsoft Corporation	Information Technology	Systems Software	Seattle, Washington
Morgan Stanley	Financials	Investment Banking & Brokerage	New York, New York
NetApp, Inc.	Information Technology	Technology Hardware, Storage & Peripherals	Raleigh, North Carolina
NextEra Energy Partners, LP	Utilities	Multi-Utilities	Boca Raton, Florida
Northrop Grumman Corporation	Industrials	Aerospace & Defense	McLean, Virginia
Parker-Hannifin Corporation	Industrials	Industrial Machinery & Supplies & Components	Cleveland, Ohio
Pentair plc	Industrials	Industrial Machinery & Supplies & Components	Minneapolis, Minnesota
PG&E Corporation	Utilities	Multi-Utilities	San Francisco, California
Pinnacle West Capital Corporation	Utilities	Multi-Utilities	Tempe, Arizona
PPL Corporation	Utilities	Electric Utilities	Morristown, New Jersey
Procter & Gamble Co.	Consumer Staples	Personal Care Products	Cincinnati, Ohio
Public Service Enterprise Group Incorporated	Utilities	Electric Utilities	Morristown, New Jersey
Rockwell Automation, Inc.	Industrials	Electrical Components & Equipment	Milwaukee, Wisconsin
Rollins, Inc.	Industrials	Environmental & Facilities Services	Atlanta, Georgia
Ross Stores, Inc.	Consumer Discretionary	Apparel Retail	San Francisco, California
Sempra	Utilities	Multi-Utilities	San Diego, California
Snap-on Incorporated	Industrials	Industrial Machinery & Supplies & Components	Milwaukee, Wisconsin
The Southern Company	Utilities	Electric Utilities	Atlanta, Georgia
Starbucks Corporation	Consumer Discretionary	Restaurants	Seattle, Washington
T-Mobile US, Inc.	Communication Services	Wireless Telecommunication Services	Seattle, Washington
Tapestry, Inc.	Consumer Discretionary	Apparel, Accessories & Luxury Goods	New York, New York
TE Connectivity Ltd.	Information Technology	Electronic Manufacturing Services	Philadelphia, Pennsylvania
Teledyne Technologies Incorporated	Information Technology	Electronic Equipment & Instruments	Los Angeles, California
Union Pacific Corporation	Industrials	Rail Transportation	Omaha, Nebraska
United Parcel Service, Inc.	Industrials	Air Freight & Logistics	Atlanta, Georgia
UnitedHealth Group Incorporated	Health Care	Managed Health Care	Minneapolis, Minnesota
Verisk Analytics, Inc.	Industrials	Research & Consulting Services	Morristown, New Jersey
Viatris Inc.	Health Care	Pharmaceuticals	Pittsburgh, Pennsylvania
VICI Properties Inc.	Real Estate	Hotel & Resort REITs	New York, New York
Vistra Corp.	Utilities	Electric Utilities	Dallas, Texas
Vulcan Materials Company	Materials	Construction Materials	Birmingham, Alabama
Walgreens Boots Alliance, Inc.	Consumer Staples	Drug Retail	Chicago, Illinois
WEC Energy Group, Inc.	Utilities	Electric Utilities	Milwaukee, Wisconsin
Willis Towers Watson Public Limited Company	Financials	Insurance Brokers	Philadelphia, PA
Xcel Energy Inc.	Utilities	Multi-Utilities	Minneapolis, Minnesota
Xylem Inc.	Industrials	Industrial Machinery & Supplies & Components	Stamford, Connecticut

Tagged : deloitte clients

Deloitte earlier this week reported its global revenues for FY2024. Global revenues rose to $67.2 billion, an increase of 3.6% in dollar terms.

Its press release noted the following: 

Deloitte is leveraging its expertise in AI to drive digital transformation

Partnerships and Recognition: Strategic collaborations with top tech companies like Google Cloud, AWS, and NVIDIA have positioned Deloitte as a leader in AI solutions

Deloitte’s sustainability services is helping clients navigate climate challenges

Deloitte Operate services support clients in modernizing key business functions

Deloitte’s revenues from FY2012 to FY2024 for each region is reflected in the chart. From the chart its clear that post FY2021, Deloitte US revenues shows a spike mostly led by consulting revenues. In its press release, Deloitte notes that Tax & Legal revenue grew fastest at 8.7% in local currency followed by Audit & Assurance at 4.1%. Surprising that audit grew faster than advisory in FY2024. Among the regions, EMEA grew fastest at 8.5% followed by Americas at 1.4%. 

Deloitte Regional Revenue Growth (FY2012 – FY2024)

Deloitte revenue growth has considerably slowed when compared to prior years highlighting the general slowdown in the economy. FY22 was the best year for Deloitte with a growth rate of 18%.

Fiscal Year	Revenue Growth (%)
FY2013	3.5%
FY2014	5.6%
FY2015	2.9%
FY2016	4.5%
FY2017	5.4%
FY2018	11.3%
FY2019	6.9%
FY2020	3.0%
FY2021	5.5%
FY2022	18.1%
FY2023	9.4%
FY2024	3.5%

Break-up of revenues by business units shows the consulting services being the substantial driver for growth.

Year	Audit	Enterprise Risk Services	Financial Advisory	Consulting	Tax	Total
FY2012	10.1	2.9	2.7	9.7	5.9	31.3
FY2013	10.0	3.1	2.8	10.4	6.1	32.4
FY2014	10.1	3.2	3.0	11.4	6.5	34.2
FY2015	9.8	3.5	3.1	12.2	6.7	35.3
FY2016	9.4	4.1	3.3	13.1	6.9	36.8
FY2017	9.4	4.5	3.4	14.3	7.3	39.0
FY2018	10.2	5.0	3.6	16.5	7.9	43.2
FY2019	10.2	5.3	3.8	18.7	8.3	46.3
FY2020	9.9	5.6	3.8	19.8	8.7	47.8
FY2021	10.5	5.9	4.3	20.8	8.9	50.4
FY2022	11.4	7.0	5.3	25.8	9.9	59.4
FY2023	12.3	7.8	5.1	29.6	10.3	65.1
FY2024	12.8	8.05	5.29	30.01	11.0	67.20

Tagged : deloitte clients