No, PricewaterhouseCoopers, commonly known as PwC, is not a product company but a service-based company. Founded in the year 1998, PwC is the second-largest professional services network in the world and among the “Big Four” prestigious accounting firms, alongside Deloitte, EY and KPMG. Core services of the firm include audit and assurance, tax and legal, business transformation, deals, crisis management and consulting and advisory.
PwC is known for delivering customised professional services to help organisations solve complex problems, manage risks, leverage technology, ensure compliance and drive growth.
Here is a Quick Overview of PW
| Details | Info |
| Founded | 1998 |
| Founder | Samuel Lowell Price, Edwin Waterhouse and William Coopers |
| Headquarters | London, United Kingdom |
| Chairman | Mohamed Kande |
| Industry | Professional services |
| Services | Financial advisory, Tax advisory, Forensic accounting, Legal services and more |
| Gross Revenue | $56.9 billion (2025) |
| Number of Employees | +370,000 |
| Official Website | www.pwc.com |
Company History
PwC was founded in the year 1998 by a landmark merger of Price Waterhouse and Coopers & Lybrand. Price Waterhouse was founded in the year 1849 by Samuel Lowell Price and Edwin Waterhouse in London, while Coopers & Lybrand wax founded as Copper Brothers by William Coopers in London.
Price Waterhouse evolved through partnerships, eventually becoming Price, Waterhouse & Co. in the year 1874. In the year 1957, Copper Brothers & Co merged with Lybrand, Ross Bros & Montgomery and Mcdonald, Currie & Co to form Coopers & Lybrand. Both the firms grew into global players in auditing, accounting and advisory services.
In the year 1998, Price Waterhouse and Coopers & Lybrand merged worldwide to create PricewaterhouseCoopers. The brand name was officially shortened to PwC in 2010.
Current Status
PwC operates as a global network of member firms coordinated by PricewaterhouseCoopers International Limited. It operates in 149 countries across the world, with a global workforce of more than 370,000. 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.
PwC has a global client base of 175,004, as of 2025. Revenue generated by its network of firms in FY25 stood at $56.9 billion. PwC serves a number of industries, including healthcare, energy, consumer markets, technology, automotive and insurance.
Future Outlook
PwC is positioning itself for a strong growth in the coming years through heavy investments in AI and technology and reinvention. The firm is also likely to increase focus on digital transformation, cybersecurity, deals advisory and tax strategy integration.
