$146.2bn
$XX.Xbn
589k
86,835
$XX.Xbn
Accounting service providers have enjoyed steady growth over the past five years, buoyed by economic growth early on in the period and demand for monetary advice through the financial turmoil of the early 2020s. As revenue has expanded, new accounting service providers have begun operating, increasing competition, especially between smaller companies. The most prominent accounting service providers acquired several smaller companies to boost market share during the high growth early in the period. Accounting services revenue has grown at a CAGR of 1.0% to $146.2 billion over the past five years despite an expected decline of 0.9% in 2024 alone.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $146.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Deloitte Touche Tohmatsu | 12,519.2 | 2,249.2 | 18.0 | |
EY | 5,859.9 | 3,405.2 | 58.1 | |
Pricewaterhousecoopers Llp | 5,723.0 | 3,325.6 | 58.1 |
To view the market share and analysis for all 16 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Financial auditing , Financial statement review and Other financial assurance services. Financial auditing is the largest segment of the Accounting Services in the US.
Financial auditing has increased as tax laws tighten
Operators in the Accounting Services industry are certified to audit the accounting records of public and private organizations and to demonstrate compliance to generally accepted accounting practices. Certified public accountants (CPAs) of this industry provide a variety of accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.
Purchase this report to view all 16 major companies in this industry.
NAICS 541211 - Accounting Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue growth has been limited in the past five years. The economic woes caused by the pandemic impacted business activity and in turn, the need for accounting services.
Learn about an industry's products and services, markets and trends in international trade.
Tightening tax laws have increased the need for financial auditing. Accounting service providers have enjoyed an uptick in business from the retail sector and the finance sec...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Florida houses many accounting service providers due to its large economy, which includes service, finance, transportation, utilities, manufacturing and construction industrie...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Big Four accounting operators make up a large share of industry revenue at the national level, and all four companies have national headquarters in New York City. The Big...
Learn about the performance of the top companies in the industry.
Major companies are adapting to the era of Big Data, where data is the new oil. Companies are investing in advancing their technological infrastructure.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Revenue is sensitive to business cycle shifts for most of its services, and demand generally moves in line with overall economic conditions. When the economy is doing well, d...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry's high profit is largely the result of companies' partnership structure in this industry. Partners receive most or all their income as a share of profit, rather ...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Accounting Services in the US industry in United States is $146.2bn in 2024.
There are 86,835 businesses in the Accounting Services in the US industry in United States, which has declined at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Accounting Services in the US industry in United States has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Accounting Services in the US industry in United States is expected to grow.
The biggest companies operating in the Accounting Services market in United States are Deloitte Touche Tohmatsu, EY and Pricewaterhousecoopers Llp
Auditing and Providing accounting advice to corporate clients are part of the Accounting Services in the US industry.
The company holding the most market share in United States is Deloitte Touche Tohmatsu.
The level of competition is moderate and steady in the Accounting Services in the US industry in United States.