PricewaterhouseCoopers (PwC) is a professional services company with headquarters in London, United Kingdom. The company, in its current state, was formed in 1998 when Price Waterhouse merged with Coopers & Lybrand. PwC is one of the so-called “Big Four” audit firms that offer audit, tax, assurance, advisory, consulting, actuarial, legal and corporate finance services. The other companies of the Big Four are Deloitte, Ernst & Young and KPMG. In 2021, PwC was the second biggest of the four in terms of revenue with roughly 45 billion U.S. dollars. Deloitte topped the list, with revenue amounting to 50 billion U.S. dollars in 2021.
As of October 2022, PricewaterhouseCoopers operates offices and firms in 152 countries and employs almost 328,000 people. The majority of PwC’s employees work in Europe, the Middle East, and Africa. Since 2010, the number of employees has seen a year-on-year increase.
PwC’s revenue has also seen growth over the past few years, from 22.1 billion U.S. dollars in the 2006 fiscal year to more than 50 billion U.S. dollars in the 2022 fiscal year. The Americas generated the most revenue - roughly 21 billion U.S. dollars in 2022. PwC generated approximately 40 percent of its revenue through the assurance services segment in 2022, reaching 18 billion U.S. dollars.