Firm reported a 2.9% increase in global revenues for fiscal year 2025, driven by its advisory practice and strong performance in the Americas, while results in the Asia Pacific region declined.
PwC announced global gross revenues of $56.9 billion for the fiscal year ending June 30, 2025, a modest 2.9% increase in U.S. dollars from the previous year. The results reflect uneven performance across regions and a clear strategic focus on artificial intelligence, where the firm is directing a significant portion of its $3.1 billion in network-wide investments.
The firm’s Advisory business was its primary growth engine, with revenues climbing 4.5% to $24.3 billion. In contrast, the Assurance and Tax and Legal Services lines saw much slower growth, posting increases of 1.7% and 1.0%, respectively. The performance in the advisory segment was supported by collaborations with alliance partners and growth in its Managed Services business.
Geographically, the Americas region reported the strongest results, with revenues growing 5.5% to $25.5 billion. The Europe, Middle East, and Africa (EMEA) region saw a 2.5% increase, reaching $22.5 billion. However, these gains were offset by a notable 4.1% decline in the Asia Pacific region, where revenues fell to $8.8 billion, despite the company noting strong individual performances in Japan, India, and South Korea.
A central theme of the firm’s announcement was its heavy investment in technology, particularly artificial intelligence. PwC reported an ongoing investment of nearly $1.5 billion to expand its AI capabilities, which includes establishing global AI hubs, developing an enterprise command center called "agent OS," and forming a strategic collaboration with Microsoft focused on AI agents. The firm also launched a new "Assurance for AI" service to provide independent verification of clients' AI systems.
In a statement, PwC Global Chairman Mohamed Kande framed the current business environment as "the dawn of the Intelligence Age," positioning the firm's investments as a necessary reinvention for the next era of professional services. "Artificial intelligence, environmental shifts, and new geopolitical realities are reshaping the global economy faster than ever before," Kande said.
Alongside its technology push, the firm reported that over 315,000 of its 364,000 global employees have participated in AI upskilling programs since July 2023. The fiscal year also included 12 strategic acquisitions and a global brand refresh, the first in over a decade.
SOURCE: PwC
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