Revenue for its Corporate Performance Solutions business led growth for Wolters Kluwer Tax and Accounting for 2021. The company recently reported that the Corporate business grew revenue by 10 percent in constant currency for the year ended December 31.That compares to 5-percent growth for both North America Professional Tax and Accounting and Europe Tax and Accounting.
Overall, the Tax and Accounting Division had about $1.68 billion in revenue for the most recently ended year, up 6 percent over 2020 revenue and rising 7 percent in constant currency and 6 percent organically. WK reportdced North America comprises 49 percent of divisional revenue, meaning it has revenue of about $800,000 annually.
The company reported about $983 million in after-tax profit, a 6-percent increase and a 15-percent jump in constant currency. Total revenue was roughly $5.3 billion. That figure was 4-percent higher than the 2020 total with organic revenue increasing 6 percent both organically and in constant currency.
TeamMate audit software experienced 10-percent organic growth. More generally, Wolters Kluwsaid Tax and Accounting had strong performance in the cloud versions of its software.
