PwC UK 2025 financial results: resilience in a year of transformation and change

PwC UK 2025 financial results: resilience in a year of transformation and change

• PwC UK Consolidated Group delivers revenue of £6.35bn for the year ended 30 June 2025, up 0.4% on previous year

• Total Group profit of £1.37bn (£1.14bn in FY24); distributable profit per UK partner averaged £865,000 (£862,000 in FY24)

• Ongoing investment in technology and training, alongside transformation - including the creation of innovation unit Tech Catalyst 

Commenting on PwC UK’s performance for the year ended 30 June 2025, 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.”

Financial performance

Consolidated PwC UK Group revenues, which encompass the UK, Middle East, and Channel Islands businesses, rose 0.4% to £6.35bn (from £6.33bn in 2024). Growth in the UK and Middle East was 0.3% and 0.4% respectively, while the Channel Islands achieved a notable 5% increase.

Supported by operational transformation and considered cost management, 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). 

Across the Group, our Tax, Deals and Audit business lines all recorded year-on-year revenue growth, with Tax leading at 6% as we supported clients navigate through complex regulatory change. Consulting and Risk practices were impacted by tougher market conditions, with revenues for each down 3%.

Our strongest performing industry segments were Industrial Manufacturing & Services and Financial Services, which delivered growth of 11% and 6% respectively.

Technology 

Technology has been at the forefront of our work for clients and our own transformation. We launched Tech Catalyst, a standalone innovation and AI unit that accelerates technology-led change, from prototyping and solution development through to engineering and platform services.

In tandem, we have invested in our people’s tech skills with a series of initiatives, including the launch of our AI Elevation Studio, a platform to help our people adopt AI confidently and responsibly, whatever their starting point. As well as curating workshops and classes, it allows our people to benchmark their adoption against peers.

More broadly, we supported Innovate UK to launch a first-of-its kind AI platform to connect individuals, employers, training providers, and AI partners, helping to unify the fragmented AI learning and employment landscape.

People 

As part of our transformation, we took the tough decision to reduce roles in some areas, but maintained our commitment to pay and promotions, with overall spend on reward in line with last year.

Creating an inclusive workplace continues to be a major focus. We established a Shadow Leadership Team to bring the voice and ideas of our people into the firm’s Board-level decision making. Meanwhile, the introduction of a new Managing Director grade has diversified our structure, creating new career options for talented people.

Our new Hybrid Working Policy, which asks our people to be together at least three days a week, ensures everyone benefits from a similar level of in-person collaboration and learning. At the same time, we’ve built in flexibility so individuals can adjust their working patterns when needed.

Community

This financial year we opened a new office in Glasgow, reflecting our commitment to growth nationwide. We are also supporting inclusive growth through our work to address economic inactivity. This has included work with regional authorities to expand pathways to work. We also published extensive research and insights on how employers can help turn the tide on economic inactivity. Mental Health UK, which in April became our new charity partner, contributed to our research.

Network

The PwC UK Group continues to play a key role in the leadership of PwC’s Global Network. International assignments include the recent appointment by Kela to transform Finland’s benefit administration system - a landmark €600m programme involving teams from PwC UK, Finland, Italy and Poland. Alongside our global colleagues, we also refreshed our brand identity for the first time in 14 years. 

Ends

Notes to Editors: 

PwC Consolidated Group revenue by business division: