Offices of Certified Public Accountants Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This U.S. industry comprises establishments of accountants that are certified to audit the accounting records of public and private organizations and to attest to compliance with generally accepted accounting practices. Offices of certified public accountants (CPAs) may provide one or more of the following accounting services: (1) auditing financial statements; (2) designing accounting systems; (3) preparing financial statements; (4) developing budgets; and (5) providing advice on matters related to accounting. These establishments may also provide related services, such as bookkeeping, tax return preparation, and payroll processing.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Offices of Certified Public Accountants industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Offices of Certified Public Accountants companies in the United States.
Offices of Certified Public Accountants Revenue by State
Distribution by Company Size
| Company Size | All Industries | Offices of Certified Public Accountants |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Offices of Certified Public Accountants Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Offices of Certified Public Accountants industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Financial auditing services |
| Financial statement auditing |
| Tax preparation & representative services - corporate & other clients |
| Tax prep & representative services -individuals & unincorporated bus |
| Tax planning & consulting services |
| Tax planning & consulting services - corporate & other clients |
| Bookkeeping & compilation services |
| Management consulting services |
| General accounting services |
Salary information for employees working in the Offices of Certified Public Accountants industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 7% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Business and Financial Operations Occupations | 48% |
| Financial Specialists | 44% |
| Accountants and Auditors | 35% |
| Accountants and Auditors | 35% |
| Tax Examiners, Collectors and Preparers, and Revenue Agents | 7% |
| Tax Preparers | 7% |
| Office and Administrative Support Occupations | 35% |
| Financial Clerks | 17% |
| Bookkeeping, Accounting, and Auditing Clerks | 10% |
| Bookkeeping, Accounting, and Auditing Clerks | 10% |
| Secretaries and Administrative Assistants | 6% |
| Secretaries and Administrative Assistants | 6% |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 5% |
| Other Office and Administrative Support Workers | 6% |
Government Contracts
The federal government spent an annual total of
$545,550,206 on the offices of certified public accountants industry. It has awarded 2,363 contracts to 168 companies, with an average value of $3,247,323 per company.
Top Companies in Offices of Certified Public Accountants and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
