Daniel Slotta
Research expert covering Greater China
PwC (PricewaterhouseCoopers) - statistics & facts
PwC, an ancronym for PricewaterhouseCoopers, is a multinational accounting and auditing firm headquartered in London, England. The origins of the firm date back to the 1800s with the formation of the accountancy firms Price Waterhouse & Co. and Coopers Brothers. In 1998, the two companies, then named Coopers & Lybrand and Price Waterhouse, merged to form PwC. The number of PwC employees worldwide topped 370,000 in 2024, with the firm operating in over 155 countries around the globe. Furthermore, the aggregated gross revenue of PwC has increased annually since 2006 and reached 55.4 billion U.S. dollars in 2024. This has made PwC an undeniable stalwart in the world of accounting and auditing.
Indisputable global dominance of the Big Four
PwC is one quarter of the Big Four accounting firms, along with Deloitte, Ernst & Young (EY), and KPMG. The combined revenue of the Big Four accounting/audit firms reached almost 204 billion U.S. dollars in 2023. No other firms within the industry have come close to this amount over the last 15 years. When broken down by geographical region, the Americas region has been the clear leader for revenue for the firms. In addition to these impressive numbers, PwC recently had the third highest number of employees of the Big Four, with the combined workforce of the firms reaching well over one million.Curated services on a massive scale
Like the other Big Four firms, PwC has had several categories of service. The advisory arm of the firm, or in other words, consulting, had the highest aggregated revenue of PwC by service line. In 2024, this arm of PwC generated approximately 23 billion U.S. dollars. These services have been offered to every country that the firm has been active in, with the aggregated revenue of PwC by region being dominated by the Americas and the EMEA regions.
