growing with Purpose
FY26 was a year of integration, investment, and strengthening the foundation for sustainable long-term growth. Growing with purpose — aligning strategy, client experience, and capability to build sustainable momentum.
Fiscal year 2026 marked a year of purposeful growth for Wipfli. As we invested in strengthening how we work and how we serve, we remained focused on delivering clarity, thought leadership, trust and long‑term value to our clients. The sections that follow highlight how that purpose shows across all areas of our firm, and how we are building a firm positioned to grow for the future.
“At the center of this work are our people. Our associates bring sound judgment, curiosity and care to every engagement.”
Kurt Gresens CEO
Letter from THE CEO
FY 2026 highlights
Read the full letter >
Wipfli supported clients across industries with integrated services, specialized insights and emerging technologies.
"Wipfli" is the brand name under which Wipfli LLP and Wipfli Advisory LLC and its respective subsidiary entities provide professional services. Wipfli LLP and Wipfli Advisory LLC (and its respective subsidiary entities) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. Wipfli LLP is a licensed independent CPA firm that provides attest services to its clients, and Wipfli Advisory LLC provides tax and business consulting services to its clients. Wipfli Advisory LLC and its subsidiary entities are not licensed CPA firms.
Wipfli helped clients navigate change, seize opportunities and move forward with confidence. Across industries, our teams delivered practical insight, innovative thinking and tailored solutions.
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Next: OUR WORK
OVERVIEW
OUR WORK
OUR PEOPLE
OUR RESULTS
Our work
Our PEOPLE
Wipfli invests in our associates through learning and development, well-being and living our purpose every day.
Our results
Key performance highlights, client experience and the milestones that reflect the strength of our firm and the trust our clients place in us.
FY26 was a year of integration, investment and focus. We made deliberate choices about how we grow, where we invest and how we strengthen the firm and our people for the long term. The launch of our partnership with New Mountain Capital marked a pivotal moment — an energizing catalyst to propel us forward. It empowered us to align our strategy, our capital structure and our capabilities in ways that will sustain our clients’ momentum and our own for years to come. This minority investment followed years of thoughtful reflection and evaluation by our leadership team and board. We were clear about what we were looking for: A partner who shares our values, supports our strategy and respects what makes Wipfli distinctive. That alignment allows us to invest with purpose — in our people, our technology and the capabilities our clients increasingly rely on — while preserving our culture, our independence and our commitment to the middle market. Throughout FY26, our over 3,000 associates stayed firmly committed to delivering for our clients while integrating once-in-a-generation changes. They implemented and adapted to new systems, refined processes and adopted new ways of working that were years in the making. These efforts help us scale responsibly by strengthening connectivity, improving insights and enhancing our ability to deliver a consistent, high-quality client experience. We see the impact in improved client experience and net promoter scores, and in the trust our clients place in us every day. At the center of this work are our people. Our associates bring sound judgment, curiosity and care to every engagement. They build trust, guide clients through complexity and create meaningful impact in the communities we serve. Their commitment to their careers, team members and clients is the foundation of our firm and another reason we approach the future with confidence. As you explore this annual report, you’ll see a firm growing with purpose — aligning strategy, client experience and capability to strengthen who we are and how we serve. I’m proud of what we accomplished together in FY26 and optimistic about what lies ahead as we continue to build, invest and move forward — thoughtfully and together.
2026 Wipfli annual report
Notices and Disclosures | Privacy Statement | CCPA | Vulnerability Disclosure
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FY26 was a year of integration, investment and focus. We made deliberate choices about how we grow, where we invest and how we strengthen the firm and our people for the long term. The launch of our partnership with New Mountain Capital marked a pivotal moment — an energizing catalyst to propel us forward. It empowered us to align our strategy, our capital structure and our capabilities in ways that will sustain our clients’ momentum and our own for years to come.
Wipfli supports clients across industries with integrated services, specialized insights and emerging technologies. Across industries, our teams delivered practical insight, innovative thinking and served as trusted advisors in 2026.
Annual Report FY26
Middle-market leaders face constant change. Through advisory, technology and financial solutions, Wipfli helped clients grow with intention. Whether guiding complex growth initiatives or strengthening day‑to‑day operations, our work reflects a commitment to meeting clients where they are and helping them move forward with purpose.
Services built for the middle market
Deep industry specialization is what powers Wipfli’s work. Our teams bring focused experience and insight to the industries we serve. By understanding the realities, risks and opportunities unique to each sector, we help clients make informed decisions and pursue growth with confidence both today and for the future.
Construction Consumer products Distribution Education Governments Healthcare Financial services Insurance Nonprofits Manufacturing Private equity Real estate Retail Technology Tribal gaming and government
Wipfli partners with The Caddie Network
Accounting services Audit and assurance
Assurance
Leadership development Strategy and operations
Performance management
Finance and accounting Human resources Technology Operations C-suite
Business outsourcing
Estate and tax planning Business transition strategy
Private client services
Forensic advisory Fraud investigation and litigation support Governance risk and controls Internal controls Operational risk Regulatory and compliance Technology Marketing compliance
Risk advisory
Credits and incentives Individual tax International expansion and tax Strategic tax services State and local tax services
Tax
Buy-side Sell-side Investment banking Valuation services
Transaction advisory
AI services Cybersecurity Data and analytics Digital strategy Enterprise solutions IPaaS solutions Application modernization Managed services Alliances Software solutions
Technology consulting
In early 2026, Wipfli announced a strategic collaboration with The Caddie Network, becoming an official partner of both The Caddie Network and the Association of Professional Tour Caddies (APTC). The partnership highlights the role of the advisor — the professional caddie whose preparation, judgment and presence shape performance when it matters most. For nearly a century, Wipfli has guided middle market organizations through pivotal moments with that same mindset, helping leaders anticipate challenges and make confident decisions under pressure. This collaboration underscores the value of trusted advisors whose success is measured by the outcomes they help others achieve.
Deep industry specialization
“The best guidance comes from real relationships. At Wipfli, we get to know our clients deeply, and from those relationships comes the perspective that makes a difference. Partnering with The Caddie Network is our way of honoring relationships and the craft of trusted guidance — on the course and in the boardroom.”
Tribal gaming and government
Technology
Financial services
Healthcare
Nonprofit, government and education
Manufacturing, distribution and retail
CONSTRUCTION AND REAL ESTATE
Understanding an industry goes beyond knowing its challenges — it means anticipating what’s next. By staying closely connected to the trends and transformations shaping our clients’ industries, we help them make informed decisions that strengthen performance today and prepare them for what’s ahead. In FY26, those insights came to life through our client work, industry research and thought leadership, guiding organizations through their most challenging obstacles.
Insight that moves industries forward
REAL ESTATE
We see generative AI as a powerful accelerator that helps our associates work smarter and enables our clients to move faster. Across the firm, Wipfli is putting generative AI into practice to drive productivity, unlock new ideas and prepare both clients and associates for the future of work. From our Microsoft Copilot partnership to AI‑enabled consulting services, we’re translating innovation into measurable, real‑world results.
Artificial intelligence at work
AI applications, automations and agents in use
19,272
hours of AI training and learning
3,914
ARTICLE
AI for tribes: Managing risk and maximizing impact
Tribal clients in 28 states
320+
Tribal-focused associates
60+
CASE STUDY
See how WinnaVegas is transforming obstacles into opportunities
Tribal gaming trends: What’s top of mind for gaming leaders in spring 2026?
Tonya St. Clair CHIEF MARKETING OFFICER
Strong relationships are at the heart of our work. That’s why we invest in our associates — providing the tools, support and opportunities they need to bring their best to every client and every challenge.
NEXT: OUR PEOPLE
technology-focused associates
90+
technology clients
960+
AI hype is costing startups funding. What’s the fix?
2026 tech industry outlook: Finding the human in the AI era
The right cybersecurity framework boosts a business’s value
financial services associates
270+
financial services clients
2,900+
research report
State of the banking industry 2026
State of the credit union industry 2026
How can financial institutions get more value from using AI?
healthcare associates
280+
healthcare clients
2,800+
2026 healthcare industry trends: It’s time to transform
AI in healthcare finance — Practicality over hype, strategy over speculation
Strategies to navigate the OBBB FQHC impact
nonprofit, government and education associates
200
nonprofit, government and education clients
3,400+
The state of nonprofit, government and education 2026
Project C.U.R.E. uses the Microsoft ecosystem to save more lives
4 steps to help association leaders turn innovative ideas into lasting impact
manufacturing, distribution and retail associates
420+
manufacturing, distribution and retail clients
6,500++
article
New federal funding opportunities open up for manufacturers
LMC boosts efficiency with Wipfli’s enhanced Intouch solution
Automotive nearshoring: Should auto parts manufacturers consider moving to Mexico?
construction and real estate associates
220+
8,900+
The state of technology in the construction industry 2025 research report
Practical strategies for how to value a construction company
case study
Allstar Services scaled from 50 to 1,000+ employees supported by Wipfli’s HR and payroll systems modernization
real estate clients
4,800+
Your guide to using AI in real estate for smarter growth
Real estate industry outlook: What’s the forecast for 2026?
How do you do a 1031 exchange when it’s complicated?
Living and working the Wipfli Way
The Wipfli Way is our firm culture. It’s how we work, how we support our people and how we serve our clients. It brings together meaningful benefits, flexible work and ongoing learning to create an environment where associates can grow and make an impact. When we invest in our people, they are better equipped to deliver for our clients. The Wipfli Way also creates consistency in how we work across teams and locations. It aligns our decisions, strengthens collaboration and ensures that no matter where work happens, our people are connected by a shared approach and a commitment to excellence. That commitment is seen in our engagement survey results. With 82% favorability, our scores exceed industry benchmarks. These results tell a story of our culture and our commitment to listen, learn and improve together.
Maureen Pistone Chief Human Resources Officer
“Our continuous listening strategy with quarterly surveys across geography and positions strengthens our culture and supports the success of our people. Every conversation and piece of feedback helps us keep building a workplace grounded in trust and connection.”
One of the ways we invest in our associates is by prioritizing continuous learning, leadership growth and professional development at every stage of their careers. From supporting credential attainment and ongoing education to expanding leadership capabilities and self-directed learning, we’re committed to helping our people build skills that strengthen both their futures and the work we do for clients. These investments reflect our belief that when associates are empowered to grow, the impact extends across the firm and the communities we serve.
Development by the numbers
We’re intentional about building a workplace where associates feel connected and supported — and where their work truly matters. Our business resource groups foster meaningful connections and shared learning across the firm, while scholarship funding and partnerships with national organizations help broaden access to opportunities beyond Wipfli. Together, these efforts strengthen our culture and shape how we show up for clients and communities. By grounding our workplace in respect and belonging, we create an environment where associates feel welcome, valued and supported as individuals.
Where belonging takes shape
The Wipfli Foundation reflects our long-standing commitment to making a positive difference in the communities where our associates live and work. Through charitable giving, matching programs and direct community support, the foundation helps extend the impact of our people beyond client work. Its efforts focus on supporting education, strengthening nonprofit organizations and responding to community needs — amplifying the causes our associates care about most.
THE Wipfli Foundation: Community Support
total donated through our university support program
$325K
total direct contributions through grantmaking
$165K
total matched by Wipfli
$142K
total community impact
$1.1M
Grantmaking
1.
2. University support
2.
3. Community support
3.
Literacy Volunteers of Kennebec
Center for Warriors Foundation
Maya’s Music Therapy Fund
Branford Food Pantry
Cancer Wellness Center
total donated through our community support program
$618K
Durward Ferland President, Wipfli Foundation
“This year’s results reflect the generosity of our people, with 78% of Wipfli associates contributing to the foundation. Together, their commitment translated into meaningful support for education, nonprofits and communities when it mattered most.”
in tuition reimbursement, CPA reimbursement and bonuses
$537K
participants in leadership development and training and coaching
400+
CPE credits earned internally and externally by associates
81,000
courses completed on LinkedIn Learning
12,000
82%
68%
favorability
industry benchmark
5
business resource groups
grounding our workplace in respect and belonging.
OUR people
Wipfli is committed to creating an environment where associates can grow, feel connected and make a meaningful impact. We provide opportunities to work on interesting, challenging client engagements supported by innovative tools and a technology-forward approach that helps our people deliver at their best.
Our people are the foundation of our progress and our focus on thoughtful guidance continues to shape how we move forward. Our results reflect a year of intentional progress, grounded in purpose and aligned with our long-term direction.
NEXT: OUR RESULTS
Continuous learning, leadership growth and professional development
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Wipfli Community Day brings our associates together through a shared commitment to service. In September, more than 1,000 associates across 25 offices stepped away from their day-to-day work to contribute over 3,200 volunteer hours in support of 67 nonprofit organizations. From addressing food insecurity and building affordable housing to supporting animal welfare and community spaces, associates united around causes that matter locally. Community Day reflects how service is embedded in our culture — strengthening connections across the firm while making a meaningful impact in the communities where we live and work.
21st annual Community Day
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OUR results
This year’s combined performance between Wipfli LLP and Wipfli Advisory LLC demonstrates how disciplined growth, trusted relationships and thoughtful investments continue to strengthen Wipfli and the clients we serve. From revenue growth to a consistently strong client experience, our results show how we continue to build value responsibly and sustainably.
Financial overview: June 1, 2025-May 31, 2026
FY26 NET REVENUE
$638.4M
INCREASE FROM FY25
3.9%
FY22
FY23
FY24
FY25
FY26
HISTORY OF GROWTH:
$506.7M
$546.4M
$590M
$614.2M
KEY NUMBERS:
ADDITIONAL NUMBERS:
PARTNERS
250+
Client experience
As part of our commitment to growing with purpose, we continue to listen closely to our clients and act on what we learn. Through our annual client experience study, we measure how well we meet — and exceed — expectations, using that insight to strengthen relationships and deliver greater value. This year, that focus translated into continued improvement in our client experience index by two points and three point increase in our Net Promoter Score (NPS) over 2025. These results reflect not only strong satisfaction and loyalty, but also our focus on value, trusted relationships and solutions that help clients confidently navigate change.
FY2025
FY2026
88
89
91
Satisfaction with Wipfli overall
Likelihood to continue doing business with Wipfli
Likelihood to recommend Wipfli to a friend or colleague
Demonstrates value
Delivers good experience
Makes me feel appreciated
CX index:
Total clients in FY 2026
53,294
Total NEW clients in FY 2026
4,000+
Welcoming CompliancePoint, Inc.
In May 2025, Wipfli completed a transaction with CompliancePoint, Inc., marking a strategic expansion of our risk advisory services. CompliancePoint brings deep experience in marketing compliance, data privacy, information security certifications and cybersecurity, with a strong focus on serving middle-market organizations. Cybersecurity and risk mitigation are among the most pressing challenges organizations face today. Through this transaction, we are better positioned to help clients proactively and confidently manage risk.
Awards and accolades
Wipfli’s purposeful growth and consistent delivery were recognized across the industry, workplace and partner communities in 2026. Honors from leading accounting, construction and business publications, along with multiple technology and creative awards, reflect our commitment to delivering timely, high-quality services and investing in our people, innovation and leadership. Together, these recognitions affirm how growing with purpose strengthens our ability to support clients today while building for what’s next.
No. 11 on Accounting Today’s 2025 VAR 100 No. 6 on Construction Executive’s 2025 Top Construction Accounting Firms list Top Workplace award in Milwaukee, Madison and southeast Wisconsin seven Built In Best Places to Work Awards Seven Wipfli CPAs recognized in Forbes’ Best-in-StateCPAs list Six Microsoft Solutions Partner designations Partner of the Year honors from Martus and DataBlend Two Microsoft Partner Honors
“This year reinforced what has always set Wipfli apart: Talented people who care deeply about their work and the clients they serve. I’m grateful for the dedication of our associates and the trust our clients place in us, and I’m excited about what we’ll continue to build together.”
We extend our sincere thanks to the clients who rely on Wipfli and to the associates whose dedication makes that work possible. Your trust, engagement and shared focus on what matters most continue to move our firm — and our clients — forward.
THANK YOU
SEE OUR FY25 REPORT >
AUDIT AND ACCOUTNING
$173.7M
NET REVENUE BY SERVICE:
TAX
$191.9M
consulting and advisory
$272.8M
FULL TIME ASSOCIATES
87
90
86
client experience index:
NPS:
63
