Wipfli has reported revenue growth of 9.78 percent for the year ended in May despite the fact it had 17 fewer clients than in the prior year. Total revenue reached $430.6 million for the most recently ended year, up from $392.2 million for fiscal 2020. Initially, Wipfli's 2021 annual report said the firm ended fiscal 2021 with 82,310 clients. However, in response to a question, a spokesperson said there were actually 84,839 for the most recently completed year and that the numbers needed to be adjusted because, "two different people ran slightly different scripts–resulting in numbers that are not comparable." As a result, the firm is correcting its 2021 annual report.
The firm added 8,036 clients during fiscal 2021, but still ended last year down slightly from 84,856 clients in fiscal 2020. The growth rate over fiscal 2021 was higher than the 8.64-percent increased reported for 2020 over 2019.
Consulting was the firm’s fastest-growing business segment, reaching $131.7 million for the most recently ended year, rising 12.9 percent from $116.7 million,
The largest segment, tax, produced revenue of $141.2 million, up 10 percent from $128.4 million. Audit & Accounting had revenue of $135.8 million, up 6.8 percent from $127.2 million. Wealth Management, the smallest segment, had $21.9 million in revenue last year, an increase of 5 percent from $20 million.
