Audit, accounting and consulting: profitability, risk and outlook
1,671 ranked companies in Audit, accounting and consulting filed accounts for 2025. The median company had an operating margin of 9.9%, and 34.2% made a loss.
Morning Analytics. The text is written from the figures in the database by fixed rules. How it is calculated
The industry in figures
| Figure | Value |
|---|---|
| Ranked companies, fiscal year 2025 | 1,671 |
| Total revenue, ranked companies 2025 | 69,621 MNOK |
| Median operating margin 2025 | 9.9% |
| Median equity ratio 2025 | 38.4% |
| Share with a loss 2025 | 34.2% |
| Share with negative equity 2025 | 14.2% |
| Enterprises in the industry (SSB) 2024 | 27,548 (+3.5% from 2023) |
| Employed in the industry (SSB) 2024 | 76,475 (+3.2% from 2023) |
| Revenue in the industry (SSB) 2024 | 174,305 mill. kr (+6.4% from 2023) |
| Bankruptcies 2025K4–2026K3 (change from the four quarters before) | 102 (−2.9%) |
| Share employed in foreign-controlled enterprises 2024 | 19.6% |
| Activity, twelve months to 2026M08 | +13.2% |
| Public contracts won in the last twelve months | 282 · 10,808 MNOK |
The industry in SSB's figures
SSB counts 27,548 (+3.5% from 2023) enterprises and 76,475 (+3.2% from 2023) employed in Audit, accounting and consulting, with total revenue of 174,305 mill. kr (+6.4% from 2023).
There were 102 (−2.9%) bankruptcies in the industry from 2025K4 to 2026K3.
The activity index shows a change of +13.2% from the same period a year earlier, latest figure 2026M08.
Source: SSB 12910, 10790, 08085.
The largest companies by revenue
BDO AS is largest with revenue of 5,158 MNOK in 2025, ahead of Pricewaterhousecoopers AS, ERNST & Young AS.
Source: Brønnøysundregistrene, 2025. 1,671 compared.
Most profitable among the large (operating margin)
Among companies with at least 50 MNOK in revenue, Arepo Invest AS has the highest operating margin, 96.8%, ahead of Advokatfirmaet Schjødt AS, Eneas Services AS. The median of the group is 10.8%.
Source: Brønnøysundregistrene, 2025. 181 compared.
Fastest growth among the large (revenue growth)
Aspia Norge AS grew fastest among the large, at 3.8, ahead of Value Group AS, Uno Score AS. The median of the group is 7.7%.
Source: Brønnøysundregistrene, 2025. 181 compared.
Public contracts in the last twelve months
Companies in the industry won 282 public contracts in the last twelve months, spread over 102 companies. The largest buyers were Politiets fellestjenester, Departementenes sikkerhets- og serviceorganisasjon, Statens vegvesen.
Source: Doffin (DFØ).
The outlook: macro and drivers
SSB expects GDP mainland Norway at 1.4 % in 2026. SSB expects Unemployment rate (LFS, level) at 4.6 % in 2026. SSB expects Consumer price index at 3.2 % in 2026. SSB expects Money market rate (level) at 4.5 % in 2026.
SSB's forecasts
Statistics Norway's economic forecasts (table 12880), published 15 September 2026. Marked years are forecasts.
| 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast | |
|---|---|---|---|---|---|
| GDP mainland Norway | 0.6 % | 1.7 % | 1.4 % | 2.1 % | 1.5 % |
| Unemployment rate (LFS, level) | 4.0 % | 4.5 % | 4.6 % | 4.4 % | 4.3 % |
| Consumer price index | 3.1 % | 3.1 % | 3.2 % | 2.5 % | 2.2 % |
| Money market rate (level) | 4.7 % | 4.4 % | 4.5 % | 4.6 % | 4.0 % |
| Annual wages | 5.6 % | 4.9 % | 4.3 % | 3.7 % | 3.4 % |
| Business investment | 0.7 % | 2.7 % | 1.8 % | 2.8 % | 2.1 % |
Source: SSB 12880, Norges Bank.
What the figures do not say
The figures are from the latest filed annual accounts and Statistics Norway's official statistics. They do not show order books, market shares or what has happened since the fiscal year, and SSB's forecasts are forecasts, not answers.