Big 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, reaching $60.2bn, up from $5.9bn in 2025, when revenue rose 2.7 per cent.
PwC’s Europe, Middle East, and Africa region posted a more sluggish 0.7 per cent revenue growth after the fallout from the Iran conflict.
Elsewhere in the Middle East, PwC was also hit with a temporary ban on consultancy work in Saudi Arabia in February 2025 after a fallout the firm had with Saudi’s Public Investment Fund (PIF).
PwC global chairman Mohamed Kande said: “We achieved robust growth, even in the face of geopolitical and economic uncertainty. As a network, we will continue to invest in new ways of delivering value to our clients as we transform today to build the PwC of tomorrow.”
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SUBSCRIBE HEREAsia-Pacific, the firm’s smallest region, covering China, Hong Kong, Australia, and New Zealand, reported the highest revenue growth at 7.7 per cent.
Across all regions, the Big Four giants’ service lines grew, with tax and legal services recording the highest growth as like-for-like revenues increased by 6.3 per cent, while advisory revenues increased by 3 per cent, followed by assurance revenues at 2.6 per cent.
PwC said its various firms invested $3bn across the network “to expand capabilities in key areas, particularly AI and technology.”
The results follow Big Four rivals Deloitte’s $74.5bn and EY’s $57bn, both of which reported year-on-year growth, as PwC trailed both with slightly slower reported growth.
Middle East arm revenues hit by Iran conflict
The firm reported a decline in revenues for PwC UK’s consolidated group in September, the legal entity that includes its UK and Middle Eastern businesses.
For the year ended 30 June 2026, PwC’s UK business revenue grew to £4.4bn, up two per cent on the previous year. But the firm’s overall risk and consulting practices across the group faced tougher market conditions, with consulting revenues down 9.8 per cent and risk down 8.9 per cent.
Marco Amitrano, senior partner at PwC UK and PwC Middle East alliance, said that despite UK revenue growth increasing “a solid two per cent”, it was partly offset by “a more difficult trading environment in the Middle East.”