PricewaterhouseCoopers

PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world[6] and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.[7]

PricewaterhouseCoopers
PwC
TypeMembers have different legal structures; both UK and US firms are actually limited liability partnerships
IndustryProfessional services
Founded1998
(PricewaterhouseCoopers)
1849
(Price Waterhouse)
1854
(Coopers & Lybrand)[1]
HeadquartersLondon, England, UK[2]
Area served
Worldwide
Key people
Robert Moritz (Chairman)[3]
ServicesAssurance
Risk assurance
Tax advisory
Data & analytics
Management consulting
Financial advisory
Forensic accounting
Revenue US$43.0 billion (2020)[4]
Number of employees
284,000 (2020)[5]
Websitewww.pwc.com

PwC firms operate in 157 countries, 742 locations, with 284,000 people.[5] As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa.[8] The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice and $14.4 billion by its Advisory practice.[9]

The firm in its present 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 (on-logo writing pwc) in September 2010 as part of a rebranding effort.[10]

PricewaterhouseCoopers International Limited, based in London, England,[11] is a co-ordinating entity for the global network of firms. It manages the global brand, and develops policies and initiatives, to create a common and coordinated approach in areas such as risk, quality, and strategy. It does not provide services to clients.[12]

As of 2021, PwC is the fourth-largest privately owned company in the United States.[13]