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

Expansion gives way to strategic adaptation.

By CPA Trendlines Research
The Rosenberg Survey

Available from CPA Trendlines here

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.

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CPA Pricing Power Falters as Salaries March Upward

The tax and accounting sector shows signs of accelerating change.

By CPA Trendlines

Salaries at CPA firms are entering their second year of marked year-over-year gains, even as billing rate increases remain few and far between, according to a new analysis by CPA Trendlines.

MORE: Most Tax and Accounting Firms Are Relying on Pay Raises in a Losing Battle for Talent | Higher Wages, Fewer Jobs: A New Era for CPA Staffing | Struggling to Keep Up with Market Salaries? |

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An industry that once seemed stable and predictable is now anything but. Some can call it a transformation. For others, it’s a massive dislocation.

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