Busy Season 2026: Firms Look to Pricing for Growth

Revenues and client rosters outpace profit gains as firms battle cost pressures.

On the front lines (clockwise from left): Clockwise from left: Hall, Langworthy, Lenz, Kwiecinski, Dickerson

By CPA Trendlines

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CPA firms heading into the 2026 tax season expect revenue gains driven primarily by higher prices, not by adding clients, even as a majority anticipate another heavy extension season.

JOIN the Busy Season Barometer survey here.
MORE TAX, PRICING, and THE 2026 OUTLOOK

According to the CPA Trendlines Busy Season Barometer, about 6 in 10 firms expect total revenue to increase this year, while roughly one-third expect revenue to hold steady. Profit expectations trail revenue slightly, a pattern that points to continued cost pressure even as clients and would-be clients clamor for more, and more high-end, services

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The CPA PE Playbook: Private Equity 2026 Outlook & Strategy Guide

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The Definitive Guide to Private Equity’s Transformation of the CPA Profession.

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By CPA Trendlines Research

The accounting profession is changing faster than at any time in its modern history—and private equity is driving the shift. More than $30 billion in new capital has entered CPA firms since 2020, igniting a powerful wave of consolidation, modernization, and strategic reinvention. Firms that once relied on incremental growth and traditional partnership structures are now operating as high-performance platforms built for scale, technology adoption, and national reach.

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New 20-Year Low in College Accounting Graduates

But are trends already on the upswing again?

By CPA Trendlines

The pipeline of U.S. accounting graduates has fallen to its lowest level in roughly 20 years, capping a decade-long slide of about 17% in completions even as demand from public accounting firms remains strong, according to the latest release of a much-watched study.

In this report:
  • The tension between shrinking supply and resilient demand
  • Bachelor’s degrees: From mid-2010s peak to current lows
  • Master’s degrees: A steep 15% drop in the last academic year
  • CPA Exam Trends: The new baseline
  • Potential Turning Point? New growth in enrollments

In addition, the CPA exam pipeline has thinned over the past 10 years, with new candidates and successful passers both down from earlier peaks, though 2023 saw a temporary surge tied to the rollout of the CPA Evolution exam.

New research is also revealing that while auditors remain in steady supply, the tax profession is facing a severe and deepening talent drought.

And yet, new enrollment data point to a possible turning point, with accounting program enrollments up double digits in 2024–25 and firms signaling plans to keep hiring as many or more graduates in the year ahead.

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Rosenberg MAP: Staff Turnover Falls to Record Low

Are CPA firm retention tactics finally paying off?

By CPA Trendlines Research
The Rosenberg Survey

Staff turnover at CPA firms has fallen to its lowest level in years, signaling that the profession’s investments in culture, compensation and flexibility are paying dividends.

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

The 2025 Rosenberg MAP Survey reports average professional staff turnover at 11.1 percent, down sharply from 18.8 percent in 2022 and the lowest since before the pandemic, marking a major shift after years of talent turbulence.

Firms that struggled to recruit and retain staff during the labor shortages of 2021 and 2022 now report greater stability and stronger pipelines.

“This trend may reflect firms’ stronger retention strategies,” the survey notes. “Lower turnover not only reduces recruitment and training costs, but also helps preserve institutional knowledge and maintain stronger client relationships.” READ MORE →

Rosenberg Survey: Efficiency Slips as Staffing Expands

Now available from CPA Trendlines here

Productivity drives profitability as never before.

By CPA Trendlines Research
The Rosenberg Survey

After several years of steady gains in productivity, CPA firms are seeing a slight decline in revenue per person, suggesting firms are adding staff faster than they are growing revenue, even as hiring rebounds and turnover drops.

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

According to the new 2025 Rosenberg Survey, the erosion in average revenue per full-time equivalent employee comes after consistent increases from 2020 through 2024. Larger firms are still posting the highest efficiency levels. But the overall trend points to a mild dilution of productivity as practices rebuild teams and expand support infrastructure following years of lean staffing. READ MORE →