PwC revenue tops $60bn but growth lags Big Four rivals

Summarised from 2 outlets · Updated 19 Oct, 13:07 · Archive

PwC's global revenue reached $60.2bn with 3.5 per cent growth, but trailed Deloitte and EY's stronger performance.

PwC reported global revenue of $60.2bn for the year to June 30, representing 3.5 per cent growth from the previous year. The consulting and accounting giant saw growth across all regions and service lines, though expansion trailed that of Big Four rivals Deloitte, which reported $74.5bn, and EY, which posted $57bn.

The firm's Europe, Middle East and Africa region posted sluggish 0.7 per cent revenue growth. The Financial Times and City AM both attributed this to geopolitical fallout, specifically the Iran conflict. City AM reported that PwC also faced a temporary ban on consultancy work in Saudi Arabia in February 2025 following a dispute with Saudi Arabia's Public Investment Fund.

Asia-Pacific proved the strongest performer, with revenue growth of 7.7 per cent across China, Hong Kong, Australia and New Zealand. Across the network, tax and legal services recorded the highest growth at 6.3 per cent, followed by advisory at 3 per cent and assurance at 2.6 per cent. PwC invested $3bn in expanding capabilities in areas including artificial intelligence and technology.

How it is being reported

• PwC revenue tops $60bn despite sluggish figures in Europe and Middle EastBig Four giant PwC’s global revenue topped $60bn (£45bn) for the year, with growth across all regions and service lines, despite sluggish results in the Middle East and Europe due to geopolitical fallout. On Monday, the consulting and accounting giant reported a 3.5 per cent increase in global revenue for the year to June 30, [...]City AM · 19 Oct, 12:51
• PwC revenue growth trails Deloitte and EYEurope, Middle East and Africa revenues rose 0.7% following war in Iran and a slowdown in work for Saudi Arabian governmentFinancial Times · 19 Oct, 11:00

In this story: PwC · Deloitte · EY · Saudi Arabia · Iran · Europe · Asia-Pacific · Mohamed Kande

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