PwC UK 2026 financial results: transformation delivering results as UK business grows

• UK revenues grow 2% to £4.365bn, with Audit, Consulting, Deals and Tax all delivering year-on-year growth

• PwC UK Consolidated Group delivers revenue of £6.155bn for the year ended 30 June 2026, down 3% on the previous year, reflecting trading conditions in the Middle East

• UK distributable profit per partner increases 8% to £935,000 (£865,000 in FY25), supported by disciplined management of the business

• Investment in AI, technology, an integrated Consulting business and workplaces including new offices in Cardiff and Reading  

Commenting on PwC UK’s performance for the year ended 30 June 2026, Marco Amitrano, Senior Partner PwC UK & PwC Middle East Alliance, 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."

“There is always more to do, but we’re seeing clear evidence that the choices we’ve made are strengthening our business. Our focus now is on maintaining that momentum – continuing to transform, helping our clients take the opportunities ahead, and creating sustainable value for our business, our clients, our people and the wider UK economy.”

“While the economic environment remains uncertain, the UK has considerable strengths and significant potential. Unlocking that potential and growth requires greater confidence, investment and productivity. Businesses are keen to understand how technology, AI and new sources of capital can help them transform and grow, and we have an important role to play in helping them turn that ambition into action and outcome.” 

Financial performance

PwC UK Consolidated Group revenues, encompassing the UK, Middle East and Channel Islands businesses, were £6.155bn, 3% lower than £6.353bn in FY25.

The UK firm delivered a solid performance, with revenues increasing 2% to £4.365bn, supported by sustained demand across sectors and regions. Tax, Consulting, Audit and Deals all grew on the prior year in the UK, with this momentum contributing to Q3 becoming the firm’s largest sales quarter on record.

Disciplined management of the UK business across all lines of service supported a strong overall outcome and enabled the firm to continue investing through its transformation. UK distributable profit per partner increased 8% to £935,000, compared with £865,000 in FY25. Revenues for the Middle East were down 15%, reflecting the impact of the regional conflict, wider market disruption and currency movements. 

Across the Group, which includes the Middle East and Channel Islands, Tax line of service revenue increased 3% to £1.263bn and Audit revenue increased 1% to £1.483bn. Deals revenue was broadly stable at £1.048bn. Consulting revenue was £1.818bn, compared with £2.015bn in FY25, while Risk revenue was £543m, compared with £596m in FY25. 

Transformation delivering results

We are seeing the impact of the transformation underway across the firm, with investment focused on three areas that will shape future growth: technology and AI advancement, operating model modernisation, and our people and workplace development. 

Technology and AI advancement  

Our transformation programmes continue to reshape how our services are designed and delivered across every line of service.

We’ve rolled out AI tools to every employee, alongside a wide-ranging programme to build skills and increase adoption – including enhanced AI training for all UK partners, and learning for all staff. These investments are helping deliver measurable impact to clients, while helping our people take on higher value work earlier in their careers.

To support future competitiveness, we'll continue to invest in AI and tech across our capabilities, client services and workplaces.

Operating model modernisation  

We're reshaping our operating model to respond more directly to changing client needs – both locally and globally - and create stronger and more scalable platforms for growth.

In April, we announced that our UK Consulting and Risk businesses would be integrated into a single Consulting line of service from 1 July 2026.

The new structure brings together sector insight, regulatory expertise, and technology and AI capabilities, making it easier to mobilise multidisciplinary teams around our clients’ most complex challenges.

People and workplace development  

This year we made 3,275 promotions - up 3% on the previous year. Meanwhile, we've simplified pathways into the firm, creating a clearer and more accessible experience for candidates from all backgrounds. 

As the UK’s biggest graduate hirer and a leading social mobility employer, we want to play our part in widening access to opportunity – both through the choices we make and contributing to the wider effort to help more people enter and stay in work. This includes our role as a Vanguard Employer in the Keep Britain Working Review and our support with Government’s work to address the growing number of young people not in education, employment or training.

Our investments in our workplaces underline our commitment to our UK footprint and employment. Our new Reading office opened in March, providing an all-electric workplace designed with net-zero considerations at its core. In June, PwC moved into One Central Square in Cardiff, an award-winning office that provides a platform to continue attracting and developing talent from across Wales. Plans are also underway for some of our London-based team to move to Eden Place, Canary Wharf when the lease on our Embankment Place office ends in 2030.

Ends 

PwC Consolidated Group (UK, Middle East and Channel Islands) revenue by business division: