Back PricewaterhouseCoopers Afrikaans برايس ووتر هاوس كوبرز Arabic PwC Azerbaijani پرایس واتر هاوس کوپرز AZB PricewaterhouseCoopers Bulgarian PricewaterhouseCoopers Catalan PricewaterhouseCoopers Czech PwC Danish PricewaterhouseCoopers International German PricewaterhouseCoopers Greek
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| PwC | |
| Company type | Members have different legal structures; both UK and US firms are limited liability partnerships |
| Industry | Professional services |
| Founded | 1998 (PricewaterhouseCoopers) 1849 (Price Waterhouse) 1854 (Coopers & Lybrand)[1] |
| Founders | Samuel Lowell Price Edwin Waterhouse William Cooper Robert Hiester Montgomery |
| Headquarters | London, England |
Area served | Worldwide |
Key people | Mohamed Kande (chairman)[2] |
| Services | Assurance Risk assurance Risk advisory Tax advisory Legal services Data and analytics Management consulting Digital Transformation Financial advisory Forensic accounting |
| Revenue |  US$55.4 billion (2024)[3] |
Number of employees | 370,000 (2024)[3] |
| Website | pwc.com |
PricewaterhouseCoopers, also known as PwC,[4] is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world[5] and is one of the Big Four accounting firms, along with Deloitte, EY, and KPMG.[6] The PwC network is overseen by PricewaterhouseCoopers International Limited, an English private company limited by guarantee.[7][8]
PwC firms are in 140 countries, with 370,000 people.[3] As of 2019,[update] 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe, and 5% in Middle East and Africa.[9] The company's global revenues were US$50.3 billion in FY 2022, of which $18.0 billion was generated by its Assurance practice, $11.6 billion by its Tax and Legal practice and $20.7 billion by its Advisory practice.[10] The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse.[1] Both firms had histories dating back to the 19th century. The trading name was shortened to PwC in September 2010 as part of a rebranding effort.[11] In April 2025, PwC shut down its operations in nine African countries.[12]
The firm has been embroiled in a number of corruption controversies and crime scandals. The firm has on multiple occasions been implicated in tax evasion and tax avoidance practices. The firm has frequently been fined by regulators for performing audits that fail to meet basic auditing standards. Amid Russia's war in Ukraine, PwC assisted Russian oligarchs to hide their wealth and contributed to bypassing global sanctions placed on Russia over its invasion of Ukraine.[13][14]
- ^ a b "Chronology". PricewaterhouseCoopers. Archived from the original on 10 October 2010. Retrieved 27 September 2010.
- ^ "Our leadership team". PricewaterhouseCoopers. Archived from the original on 11 January 2019. Retrieved 5 July 2024.
- ^ a b c "PwC Global Annual Review 2024". pwc.com. Retrieved 3 November 2024.
- ^ PricewaterhouseCoopers. "History and milestones". PwC. Retrieved 19 March 2025.
- ^ Dakers, Marion (4 October 2016). "Deloitte overtakes PwC as world's biggest accountant". The Telegraph. Archived from the original on 11 January 2022. Retrieved 24 November 2016.
- ^ "Big 4 Accounting Firms – Who They Are, Facts and Information". accountingverse.com. Archived from the original on 15 December 2018. Retrieved 25 May 2017.
- ^ PricewaterhouseCoopers. "How we are structured". PwC. Retrieved 19 March 2025.
- ^ PricewaterhouseCoopers. "How we are structured". PwC. Archived from the original on 11 September 2015. Retrieved 27 April 2023.
- ^ "Revenues". PwC. Retrieved 14 February 2023.
- ^ "Revenues". PricewaterhouseCoopers. Archived from the original on 26 March 2023. Retrieved 14 February 2023.
- ^ Sinclair, Lara (20 September 2010). "Logo puts case first and last". The Australian. Archived from the original on 10 October 2012. Retrieved 27 September 2010.
- ^ Cahill, Helen (16 April 2025). "PwC shuts operations in nine African countries after scandals". www.thetimes.com. Retrieved 17 April 2025.
- ^ Chenoweth, Neil (15 November 2023). "Emails show PwC helped Russians dodge sanctions". AFR.
- ^ Weinberg, Neil (14 November 2023). "Cyprus ignores Russian atrocities, Western sanctions to shield vast wealth of Putin allies". ICIJ. Archived from the original on 14 December 2023. Retrieved 14 November 2023.
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