PricewaterhouseCoopers (PwC), the world's largest accounting firm, reported a revenue of approximately $55.38 billion for the latest fiscal year ending June 30, 2024. This marks a 4.3% increase year-over-year, or 3.7% when calculated in local currencies.
Regionally, PwC experienced a 5.6% decline in the Asia-Pacific region, bringing in $9.3 billion. This downturn was attributed to slowing demand in the Chinese market and economic challenges in Australia, where government consulting services were divested. Conversely, the US market saw a 3.4% increase, reaching $24.33 billion, and the Europe, Middle East, and Africa (EMEA) region saw an 8.6% growth, totaling $21.74 billion. The Indian market continued to perform well with significant revenue gains.
PWC Chairman Mohamed Kande noted that the year was filled with both successes and challenges. Despite economic headwinds, PwC achieved income growth across all business lines, reinforced strategic alliances, and invested $1.5 billion to enhance AI capabilities. The firm remains focused on collaboration and innovation to aid stakeholders in navigating an increasingly complex global environment, and is proud of the accomplishments of its approximately 370,393 employees worldwide.
