• 03-OCT-2016

2016 Global Annual Review Fact Sheet

FY16 global revenues rise to record US$35.9 billion as PwC looks to future

  • Strategy for growth – driven by PwC purpose
  • Total workforce reaches new record - over 223,000
  • Supporting our clients with more than 15,800 people dedicated to technology services
  • Over $500 million invested in quality and service development
  • 11 million hours of training undertaken by PwC people across the world
  • Over 26,000 graduates joined PwC – more than 50% female
  • PwC named strongest global business-to-business brand
LONDON, 4 October 2016 – The PwC network reported total global gross revenues of US$35.9 billion for the fiscal year ended on 30 June 2016. At constant exchange rates (local currency), PwC's total global revenues rose by over 7%.

“The strength of our brand, the opportunities we provide for our people, the quality of our services and our focus on meeting the needs of our stakeholders are at the heart of PwC and how we measure our success,” commented Bob Moritz, Chairman of PricewaterhouseCoopers International Ltd. “Our revenue growth in FY16 across all major markets and businesses is testament to our fundamental purpose of building trust and solving problems.”

“To secure future growth, we are investing heavily in technology to enhance the quality and impact of our services and make the best use of the skills of our people. The world is changing rapidly and we are planning for the services our clients, capital markets and other stakeholders will need tomorrow, as well as serving their needs today. Whether it’s the tax and audit services of the future, transformational consulting, blockchain or augmented reality, we are implementing a strategy to meet the long-term needs of our stakeholders and the career aspirations of our people.

“This is an era of unprecedented scrutiny and the public expects more from business today. We are focused on how we can best serve not just the needs of our core stakeholders but society at large. This is reflected in our purpose, the culture we’re building right across our network and in the stories we tell in our annual review.”

PwC’s FY16 global annual review is an online digital experience that uses video, graphics and stories to show who we are, what we do, what we think and how we’re doing (www.pwc.com/annualreview).

Our history

PwC has been created by the merger of two firms—Price Waterhouse and Coopers & Lybrand—each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms.

  • 1849 – Samuel Lowell Price sets up in business in London.
  • 1854 – William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers.
  • 1865 – Price, Holyland and Waterhouse join forces in partnership 1874 Name changes to Price, Waterhouse & Co.
  • 1898 – Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery.
  • 1957 – Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand.
  • 1982 – Price Waterhouse World Firm formed.
  • 1990 – Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world.
  • 1998 – Worldwide merger of Price Waterhouse and Coopers & Lybrand to create PwC.