CPA Firm Growth Slows to 7.9% After Two-Year Surge

Expansion gives way to strategic adaptation.

By CPA Trendlines Research
The Rosenberg Survey

After two years of double-digit expansion, CPA firm growth is cooling.

Average revenue growth among firms over $2 million is falling to 7.9 percent this year, down from 10.7 percent in 2023 and 2024.

MORE: The 2025 Rosenberg MAP Survey is available from CPA Trendlines here.

The slowdown, while modest, signals that the post-pandemic boom driven by mergers, tax complexity and advisory demand is giving way to a more mature phase marked by tighter margins, higher costs and the growing influence of private equity, according to the 2025 Rosenberg Survey, the accounting profession’s leading management benchmark.