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2025 U.S. Industry Statistics & Market Forecast - Offices of Certified Public Accountants
Market Size & Industry Statistics
The total U.S. industry market size for Offices of Certified Public Accountants:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Offices of Certified Public Accountants industry include:- Increased demand for advisory and consulting services
- Greater emphasis on cybersecurity and data protection
- Shift towards cloud-based accounting solutions
- Rising importance of sustainability reporting and ESG criteria
- Growing complexity of tax codes requiring specialized expertise
- Acceleration in the adoption of AI and automation tools
- Impact of remote work on service delivery models
- Regulatory changes and increased scrutiny
- Expansion into global markets
- Demand for real-time, data-driven financial insights
- Pressure on pricing and service differentiation in a competitive market
- Mergers and acquisitions within the industry leading to consolidation
- Challenges in attracting and retaining skilled professionals
- Ongoing need for professional development due to changing regulations and technology
Product & Services Breakdown
Research products and services in the Offices of Certified Public Accountants industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Tax Auditing Services |
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Bookkeeping And Compilation Services |
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Full-Service Bookkeeping With Compilation Services |
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Bookkeeping Services Sold Separately |
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Compilation Services Sold Separately |
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Financial Auditing Services |
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Financial Statement Auditing |
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Specialized Financial Auditing |
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Financial Statement Review, Engagement, And Agreed-Upon Procedures For Financial Information |
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Other Financial Assurance And Related Services |
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Non-Financial Assurance And Related Services |
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General Accounting Services |
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Payroll Accounting Services |
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Full-Service Payroll Services |
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Payroll Services Sold Separately |
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Tax Planning And Consulting Services |
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Tax Planning And Consulting Service - Individuals And Unincorporated Businesses |
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Tax Planning And Consulting Service - Corporate And Other Clients |
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Tax Preparation And Representation Services - Individuals And Unincorporated Businesses |
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Tax Preparation And Representation Services - Corporate And Other Clients |
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Computerized Accounting Systems Services |
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Personal Financial Planning Services |
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Management Consulting Services |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Offices of Certified Public Accountants company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Offices of Certified Public Accountants industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Offices of Certified Public Accountants measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Operations Specialties Managers | 6% | |||
| Business and Financial Operations Occupations | 48% | |||
| Business Operations Specialists | 7% | |||
| Financial Specialists | 41% | |||
| Accountants and Auditors | 32% | |||
| Accountants and Auditors | 32% | |||
| Tax Examiners, Collectors and Preparers, and Revenue Agents | 7% | |||
| Tax Preparers | 7% | |||
| Office and Administrative Support Occupations | 30% | |||
| Financial Clerks | 15% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 9% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 9% | |||
Offices of Certified Public Accountants Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Offices of Certified Public Accountants industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Offices of Certified Public Accountants industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Offices of Certified Public Accountants industry. |
Source:
Latest Industry News
- Federal Office of Personnel Management Issues Memorandum Encouraging Employees’ Religious Expression in the Public Sector - On July 28, 2025, the United States Office of Personnel Management (“OPM”) issued a memorandum endorsing federal employees expressing their religious beliefs in the workplace. (08/06/2025)
- CLH Advances Accounting Industry Pipeline Development in First Half of 2025 - Following a successful 2024 outreach effort to establish a future workforce in the accounting industry, employees of CLH, CPAs & Consultants have been hard at work already this year continuing (08/04/2025)
- Alpine Mar Breaks Ground on New Offices in Santiago City, Philippines - Rich Local Talent Pool Will Augment Firm’s Expertise and Bring Unique Experiences and Perspectives to Expanding U.S. Client Base FORT LAUDERDALE, FL / ACCESS Newswire / July 29, 2025 / The Philippines has long been renowned for its talented workforce across various industries. (07/30/2025)
- Most firms still grappling with accounting talent crunch - Securing junior level candidates with more than one year of experience has proven especially challenging, an Intuit survey found. (07/30/2025)
- Huntsville accounting and consulting firm acquired by regional CPA giant - Frazier & Deeter, a Top 50 CPA firm in the United States, has acquired Anglin Reichmann Armstrong, a Huntsville-based accounting and consulting firm, the companies announced. (07/30/2025)
- Urgent need for consistent accounting of carbon-related instruments: ACCA - Entitled 'Reality of accounting for carbon-related instruments', the study examines the annual reports of 300 companies in high-emitting sectors worldwide. (07/30/2025)
- Ways to solve the shortage of Filipino CPAs - Another reason for the talent shortage is that Filipino CPAs are drawn to offers of better pay and work-life balance abroad, or working remotely for foreign companies. Outsourcing firms continuously pull talent away from local firms with offers of higher compensation, benefits and flexible work arrangements. (07/29/2025)
- EuroDry Ltd. Announces Results of Its 2025 Annual General Meeting of Shareholders - EuroDry Ltd. (NASDAQ: EDRY), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today the official results of its Annual General Meeting of Shareholders held at the offices of Seward & Kissel LLP, (07/24/2025)
- Beaumont natives join international accounting firm leadership after merger - A Houston public accounting firm founded by a Beaumont native has merged into a Michigan-based financial advisory group with experience in the international market. Doeren Mayhew Assurance and Advisors LLC finalized the acquisition of Reimer McGuinness Hess Certified Public Accountants and Advisors on July 1. (07/23/2025)
- Ernst & Young set to move offices to Bottleworks - The accounting and financial services firm is moving its Indianapolis office from Monument Circle, where it has been located since the turn of the century. (07/23/2025)
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