Tougher trading conditions in the Middle East has meant the PwC UK Consolidated Group revenue were down 3%, to £6.155bn, for the year ended 30 June 2026.
Revenues for the Middle East fell 15%, reflecting the impact of the regional conflict, wider market disruption and currency movements.
UK revenues actually grew by 2% to £4.365bn, for FY26 with audit, consulting, deals and tax all delivering year-on-year growth. That meant, with disciplined management of the business UK distributable profit per partner increased by 8% to £935,000 (£865,000 in FY25).
A quick look at the financial statement shows staff cost are down from £3.158bn to £3.008bn – with staff numbers dropping year-on-year by 12%, from 36,421 to 32,091.
Profit for the FY26 was £1.340bn.
The report shows 48% of the firm is now female (it’s 52% at manager level), however just 28% of current partners are women.
Data also shows some 34% of the firm come from an ethic minority group, and at partner level this figure is 14% – the target is 17%.
Marco Amitrano, Senior Partner PwC UK & PwC Middle East Alliance (pictured), said: “Our continued transformation is delivering results. UK revenue growth increased to a solid 2%, from 0.3% the previous year, partly offsetting a more difficult trading environment in the Middle East. Technology and AI are increasingly embedded in how our people work and how we design and deliver our services. Skills have also been a major focus – both technology capabilities and the human skills that will stand the test of time. Alongside this we invested in workplaces that support collaboration and innovation, and modernised our operating model.”
Read the full report here: https://www.pwc.co.uk/who-we-are/annual-report.html
