Financial Statement Service Market Report 2026

The financial statement service market size has grown strongly in recent years. It will grow from $17.83 billion in 2025 to $19.4 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing regulatory compliance requirements, growth in SME financial reporting needs, expansion of global accounting standards adoption, rising demand for professional audit services, increased complexity of corporate financial structures.

The financial statement service market size is expected to see strong growth in the next few years. It will grow to $26.92 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing adoption of AI-driven financial analysis, rising demand for continuous auditing models, expansion of digital-first accounting services, increasing focus on ESG-aligned financial reporting, growing need for cross-border financial compliance. Major trends in the forecast period include increasing adoption of cloud-based financial reporting platforms, rising demand for real-time financial transparency, growing integration of automated audit tools, expansion of regulatory reporting services, enhanced focus on data accuracy and compliance.

The increasing adoption of cloud-based services is expected to drive the growth of the financial statement services market in the coming years. Cloud-based services are internet-delivered solutions that enable users to access data, applications, or computing resources remotely without relying on on-site infrastructure. Their adoption is rising due to scalability and flexibility, allowing businesses to adjust resources on demand without significant upfront infrastructure costs. Cloud-based services improve financial statement processes by providing real-time data access and enabling remote collaboration, making them suitable for global teams and complex reporting environments. They also reduce manual errors by automating workflows, enhancing efficiency, accuracy, and compliance in financial reporting. For example, in December 2023, Eurostat, a Luxembourg-based government agency, reported that 45.2% of EU enterprises purchased cloud computing services in 2023, primarily for hosting email systems, storing files electronically, and using office software. Consequently, the growing adoption of cloud-based services is fueling the expansion of the financial statement services market.

Key players in the financial statement service market are focusing on developing advanced cloud-based platforms to improve efficiency, enable real-time data access, reduce manual errors, and streamline the preparation and reporting of financial statements across multiple jurisdictions. A cloud-based platform allows users to run and store software and data online, offering easy access, scalability, and remote collaboration via the internet. For instance, in November 2024, Uniqus Consultech Inc., a US-based consulting firm, launched Reporting UniVerse, a cloud-based platform designed to simplify and automate financial reporting. This platform automates the preparation of financial statements while addressing the complexities of global regulatory requirements and strict reporting deadlines. It includes intelligent validation checks, real-time collaboration features, and seamless integration with ERP systems, enabling finance teams to boost efficiency, minimize errors, and ensure compliance with evolving accounting standards.

In November 2024, CBIZ Inc., a US-based consulting company, acquired the non-attest business of Marcum LLP for an undisclosed sum. Through this acquisition, CBIZ aims to expand its consulting and advisory capabilities, strengthen its national footprint, and enhance service offerings in key markets. Marcum LLP is a US-based consulting firm providing financial statement preparation, audit, and compliance services.

Major companies operating in the financial statement service market are Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, KPMG International Limited, BDO International Limited, RSM International Limited, Baker Tilly International Limited, Moore Global Network Limited, CliftonLarsonAllen LLP, Forvis Mazars LLP, Nexia International Limited, CBIZ Inc., Crowe LLP, Grant Thornton Bharat LLP, Cherry Bekaert LLP, Plante & Moran PLLC, EisnerAmper LLP, WithumSmith+Brown PC, Carr Riggs & Ingram LLC, UHY International Limited, PKF International Limited.

North America was the largest region in the financial statement service market in 2025. The regions covered in the financial statement service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the financial statement service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The financial statement service market includes revenues earned by entities through the preparation of financial reports, financial statement audits, reviews, and compilations, financial analysis, regulatory compliance support, and advisory services related to accounting standards and disclosures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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