This statistic shows the revenue of the industry “accounting, tax preparation, bookkeeping, and payroll services“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of accounting, tax preparation, bookkeeping, and payroll services in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.

Graph and download economic data for Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax (REV5412TAXABL157QSA) from Q1 2004 to Q2 2025 about accounting, revenue, payrolls, establishments, tax, federal, income, rate, and USA.

This statistic shows the revenue of the industry “accounting, tax preparation, bookkeeping, and payroll services“ in Texas by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of accounting, tax preparation, bookkeeping, and payroll services in Texas will amount to approximately ******** million U.S. Dollars by 2024.

Strong economic rebound, technological acceleration and the continued necessity for quality accounting services bolstered payroll and bookkeepers demand, particularly among small businesses and self-employed individuals. Established companies such as Intuit Inc. continue to invest more in their automated servicing technology, which offers improved efficiency in payroll processes and allows servicers to reduce operational expenses amid heightened inflation. Strong corporate sentiment and overall business growth expanded the quantity of clients available within the open market, creating more opportunities for localized bookkeepers in concentrated areas like New York City. These trends caused overall revenue to grow at a CAGR of 4.6% to an estimated $82.1 billion over the past five years, including an estimated 2.9% boost in 2025 alone. Profit has also grown strongly, with heightened business interest generating more lucrative opportunities within the financial and health services sectors. The expansion of cloud-based solutions continues to become increasingly popular, making payroll services more accessible and flexible. At the same time, the rise of smaller, tech-savvy players has increased competition and reduced the market share concentration of established providers. With an evolving regulatory landscape and greater threats of data theft, many payroll servicers continue to invest in stronger cybersecurity measures aimed at meeting the latest compliance standards and safeguarding clients’ data. Established companies are also expanding their market offering and strengthening existing service lines, as evident with Paychex’s acquisition of Paycor in January 2025. Moving forward, servicers are poised for further technological disruption in the next five years that will impact their performance. Advances in artificial intelligence and machine learning are likely to further streamline payroll processes and reduce the need for manual intervention. With the growing trend toward self-employment and remote work, companies will need to offer more flexible and mobile-friendly solutions to meet the changing needs of their clients. Nonetheless, the high costs associated with adoption of automated technology and the constant need for professional payroll service employees to handle more complex bookkeeping tasks will curtail large-scale growth. Revenue is expected to grow at a CAGR of 2.9% to an estimated $94.8 billion over the next five years.

The Global Bookkeeping Services market size is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.

The revenue generated by accounting services in the United States reached ***** billion U.S. dollars in 2025, up from roughly ****** billion U.S. dollars in 2024. The revenue generated by this service was the highest it had ever been in ****.

This statistic shows the revenue of the industry “accounting, tax preparation, bookkeeping, and payroll services“ in Ohio by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of accounting, tax preparation, bookkeeping, and payroll services in Ohio will amount to approximately ******* million U.S. Dollars by 2024.

The summary statistics by North American Industry Classification System (NAICS) which include: operating revenue (dollars x 1,000,000), operating expenses (dollars x 1,000,000), salaries wages and benefits (dollars x 1,000,000), and operating profit margin (by percent), of accounting, tax preparation, bookkeeping and payroll services (NAICS 54121), annual, for five years of data.

The Accounting Services industry is susceptible to wider economic factors influencing demand. Accounting firms derive most of their income from the private sector, so the private sector’s capital expenditure trends significantly impact the industry's performance. Accountants have benefited from private sector capital expenditure growth and the rising number of businesses. The effects of the elevated interest rates and negative consumer sentiment slashed capital expenditure from the private sector in 2024-25, as many companies undertook cost-cutting measures to maintain profit margins. Despite broader economic uncertainty, demand for accounting services has remained robust in recent years. Overall, industry revenue is expected to expand an annualised 2.2% over the five years through 2025-26, to $5.1 billion. This trend includes a 1.3% rise in 2025-26 as business confidence improves. While tax and auditing services represent a steady revenue stream for most accounting firms, technological changes are affecting the industry as basic accounting services become increasingly automated. Many of the larger accounting practices are driving further changes as they seek to create additional revenue streams by providing new value-added services for clients. These services include comprehensive data analytics (as accounting practices move beyond providing traditional data entry), record keeping and basic data analysis. Other accounting firms are working in conjunction with accounting software vendors to allow small business operators to undertake bookkeeping services using mobile devices. These developments have underpinned the industry's operating environment changes and supported growth in profit margins growth in recent years. The industry is on track to continue expanding, supported by rising capital expenditure from the private and public sectors and further advances in business numbers. Technological change will continue to drive industry revenue growth as accounting firms offer more value-added services in the coming years in response to the automation of basic accounting services. Revenue is forecast to climb an annualised 5.4% over the five years through 2030-31 to an estimated $6.6 billion.

This statistic shows the revenue of the industry “accounting, bookkeeping and auditing activities, tax consultancy“ in Ireland from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of accounting, bookkeeping and auditing activities, tax consultancy in Ireland will amount to approximately ******** million U.S. Dollars by 2025.

This table contains 5 series, with data for years 2007 - 2012 (not all combinations necessarily have data for all years), and was last released on 2015-07-17. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), North American Industry Classification System (NAICS) (1 items: Accounting; tax preparation; bookkeeping and payroll services ...), Type of client (5 items: Total sales to all clients; Sales to businesses; Sales to governments; not-for-profit organizations and public institutions; Sales to individuals and households ...).

The Canadian payroll and bookkeeping services industry has experienced slightly stable revenue expansion over the past five years. Despite a temporary growth disruption during COVID-19, the industry rebounded in 2021 and remained upward through 2024. The result is an industry that now surpasses pre-pandemic revenue levels. The engine of this growth has been the propensity of growing businesses to outsource their payroll and bookkeeping tasks, favoring to concentrate on their core functions. This trend is particularly pronounced in vibrant economic conditions, as companies prefer devoting human resources to continuing expansion. With solid business formation in recent years and companies willing to invest in outsourced services, revenues for payroll companies and bookkeepers increased. As a testament to this trend, the industry recorded a compound annual growth rate (CAGR) of 2.1% over the past five years, touching $7.4 billion in revenue in 2024. Historic unemployment lows and resilient economic performance further catalyzed the industry's growth. Growing companies looking to streamline operations and gear up for more expansion have shown an increased inclination to outsource their payroll and bookkeeping services. Even amid corporate profit volatility, these conditions have underpinned the industry's steadfast growth. The industry is set to leverage macroeconomic growth and the latest technology developments, pushing the CAGR to 2.5% over the five years to 2029. This will raise the industry's revenue to $8.4 billion by 2029, contingent upon continued new business formation and an improved labor market. As the economy moves away from high inflation, the industry is positioned for robust growth driven by innovation and economic recovery.

Global Payroll and Accounting Services market size 2025 was XX Million. Payroll and Accounting Services Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The industry offers a wide range of services to companies in all sectors of the economy, including audit, assurance, tax and compliance. Its total turnover has grown by an average of 0.9% annually since 2019, with the sector benefiting from the expansion of corporate investment and extensive M&A activities. The entry of new companies into the industry has intensified internal competition. In order to increase their market share, the largest auditing firms (audit firms) have increasingly acquired smaller companies and expanded their offering with additional consulting services through strategic acquisitions. In 2024, industry turnover is expected to increase by 0.7% to 45.1 billion euros.In the last five years, the major auditing firms have increasingly expanded their range of services to include advisory services. These additional services include, in particular, the assessment of regulatory risks and financial uncertainties. Digitalisation and the use of big data analyses play an important role in increasing efficiency and reducing errors. However, it is primarily large companies that benefit from these technological developments, while smaller companies suffer a competitive disadvantage as a result. In response to the Wirecard scandal and the associated loss of trust, regulation for auditors was tightened in order to improve balance sheet control and achieve a greater separation between auditing and consulting business.In the next five years, industry revenues are expected to increase at an average annual rate of 0.6%, reaching 46.6 billion euros in 2029. IBISWorld expects the industry to develop positively due to increasing private investment, rising corporate numbers and higher activity in the financial markets, including an increase in M&A activity. The increasingly stringent regulations on sustainability reporting should also have a positive impact on the development of the industry. The larger audit firms will continue to expand their consulting business against the backdrop of higher expected profit margins, while many small and medium-sized enterprises (SMEs) will tend to offer more niche services. Although competition is likely to increase, especially in the consumer segment, due to low-cost online alternatives for accounting or tax preparation, this should not significantly hamper growth in the sector.

This table contains 75 series, with data for years 1998 - 2012 (not all combinations necessarily have data for all years), and was last released on 2015-07-17. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Nova Scotia; Prince Edward Island; Newfoundland and Labrador ...), North American Industry Classification System (NAICS) (1 items: Accounting; tax preparation; bookkeeping and payroll services ...), Summary statistics (5 items: Operating revenue; Operating expenses; Salaries; wages and benefits; Operating profit margin ...).

Graph and download economic data for Total Revenue for Other Motion Picture and Video Industries, Establishments Subject to Federal Income Tax, Employer Firms (REVEF512199TAXABL) from 2002 to 2022 about video, audio-visual, employer firms, accounting, revenue, establishments, tax, services, industry, and USA.

This statistic shows the revenue of the industry “accounting, tax preparation, bookkeeping, and payroll services“ in California by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of accounting, tax preparation, bookkeeping, and payroll services in California will amount to approximately **** billion U.S. Dollars by 2024.

MB "Accounting industry" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Graph and download economic data for Total Revenue for All Other Amusement and Recreation Industries, Establishments Subject to Federal Income Tax, Employer Firms (REVEF71399TAXABL) from 1998 to 2022 about amusements, recreation, employer firms, accounting, revenue, establishments, tax, services, industry, and USA.