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PwC UK saw its total revenues rise 0.4% to £6.35bn for the year ended 30 June 2025, showing a marked slowdown over the previous three years where growth ranged between 9-16%.
Supported by operational transformation and considered cost management, PwC reported consolidated profits for the PwC UK Group rose from £1.14bn to £1.37bn, with average UK distributable profit per partner broadly flat at £865,000 (£862,000 in 2024).
It comes as the Big Four firm confirmed it took the “tough decision” to reduce roles during the period, without specifying an exact figure of the roles lost.
Across the group, its Tax, Deals and Audit business lines all recorded year-on-year revenue growth, with Tax leading at 6% as it supported clients to navigate complex regulatory change. Consulting and Risk practices were impacted by tougher market conditions, with revenues for each down 3%.
Meanwhile, it added its strongest performing industry segments were Industrial Manufacturing and Services and Financial Services, which delivered growth of 11% and 6% respectively.
Marco Amitrano, PwC senior partner, said: “Against a challenging macro backdrop, we’ve shown resilience and taken decisive steps to position our business for sustainable growth that meets the interests and expectations of all our stakeholders – our clients, our people and the communities we serve and work in. By aligning more closely with client needs, strengthening in-person collaboration, and boosting technology, data and AI across all our services we’re moving faster and delivering greater impact.
“While headwinds remain, improving market sentiment is creating a stronger pipeline across our multidisciplinary portfolio. Helping clients navigate uncertainty, bolster their stability and build for the future is central to our strategy and underpins our long-term growth ambitions.The UK Government’s Industrial Strategy should build vital market momentum, providing growth is prioritised across wider policy. We are eager to play our part to make the strategy a success.”
