Global Annual Review 2025
A year ofreinvention
- Global Annual Review 2025
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- Chairman’s letter
- At a glance
- Highlights
- Financial performance
- Governance, quality and risk
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The story of our year
At PwC, we embrace innovative ways of thinking to help solve important problems around the world. While that is no small task, we look to our people and their vast range of capabilities to navigate change and unlock new value. We invite you to explore our work as we strive to help clients reinvent to thrive in the Intelligence Age.
Chairman’s letter
Mohamed Kande
Global Chairman
This was a year when business and society evolved with extraordinary speed and complexity. A year when profound change — driven by technological, environmental and geopolitical forces — gathered pace, redefining the context in which businesses operate. A year when leaders were compelled to rethink how they create, deliver, and protect value.
Highlights of our year
Explore our news, highlights and achievements over the past 12 months which reflect the breadth, strength and collaboration of our global team.
US$3.1 billion investment
We invested US$3.1 billion across the network including 12 acquisitions and strategic investments to expand professional capability in key areas, particularly AI & technology, consulting, business strategy and tax.
Leading global voice
We shared insights on key issues from AI to business model reinvention to sustainability at global events such as the World Economic Forum Annual Meeting in Davos, VivaTech, Mobile World Congress, APEC CEO Summit, Milken Institute Global Conference, and Climate Week New York City.
Value in motion
We launched our flagshipValue inmotion thought leadership that reveals how disruptive forces from AI to climate change are reconfiguring industries and creating vast new business opportunities for those with the vision to seize them.
Refreshed brand
We launched a refreshed visual identity to reflect our position at the forefront of business, technology and industry change. Our first global brand update in over a decade, our new look reflects how the firm already works: fast, sharp and focused on what’s next.
AI Centres of Excellence and agent OS
We continued to invest nearly US$1.5 billion to expand and scale our AI capabilities across our network, including building out our global AI factory, establishing AI hubs and Centres of Excellence around the world and launchingagent OS.
Awards for AI-driven audit
We won multiple honours from the International Innovation Awards and the International Accounting Awards for ourNextGeneration Audit which leverages an AI-first technology strategy to enable our auditors to deliver an elevated audit experience.
AI agents partnership
PwC and Microsoft announced a strategic collaboration aimed at transforming industries with the power ofAIagents, sophisticated systems capable of performing tasks autonomously, analysing data and aiding decision-making.
First-of-its-kind solution for trust in AI
We launchedAssurancefor AI, the first solution of its kind to empower businesses with trust and confidence in their AI systems. Assurance for AI will complement our existing services by providing independent assurance over AI systems.
Best firm awards
PwC was named in Forbes 2025 ranking of ‘World’s Best Management Consulting Firms’ based on a global survey of clients and consultants on all continents.
Global leader in sustainability
Recognised as a Global Leader in both ESG & Sustainability Assurance Services and Climate Change Consulting by independent analyst firm Verdantix.
Our financial performance
This year, our revenues reached a new high of US$56.9 billion, reflecting the quality and impact of the work delivered by our 364,000 people for 82% of the Fortune Global 500 and every major industry.
Global revenueAmericas revenueEMEA revenueAsia Pacific revenue
Governance, quality and risk
Strong governance enables us to uphold our commitment to integrity, build trust with our stakeholders and deliver value for our clients. Delivering quality is the foundation of our stakeholder relationships, the source of our reputation and the key to our success. Robust risk management is fundamental to sustaining the trust and confidence of our clients, regulators and stakeholders.
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