Accenture vs PricewaterhouseCoopers: Revenue, Profit and Business Model
Accenture reported $69.7B of revenue in FY2025 and $7.7B of net income. PricewaterhouseCoopers reported $56.9B of revenue in FY2025 and — of net income.
Latest financial snapshot
Accenture
- Latest revenue
- $69.7B (FY2025)
- Net income
- $7.7B
- Net margin
- 11.0%
- Revenue growth
- +8.0% a year, FY2016–FY2025
PricewaterhouseCoopers
- Latest revenue
- $56.9B (FY2025)
- Net income
- —
- Net margin
- 0.0%
- Revenue growth
- +4.2% a year, FY2022–FY2025
Financial summary
Accenture
Accenture's fiscal year ends August 31. Revenue rose from $34.80B in FY2016 to $69.67B in FY2025, and net income attributable to Accenture plc rose from $4.11B to $7.68B over the same period. FY2025 brought $80.62B in new bookings, $10.87B of free cash flow, GAAP diluted EPS of $12.15 and $8.3B returned to shareholders through dividends and buybacks. Spending on acquisitions was $6.58B in FY2024 and $1.47B in FY2025. In Q3 FY2026 (to May 31, 2026) revenue was $18.72B, up 6% in U.S. dollars and 3% in local currency, and full-year FY2026 results are due on October 1, 2026.
PricewaterhouseCoopers
PwC reports network gross revenue, not consolidated profit, because its member firms are private partnerships. Revenue rose from US$50.3 billion in FY2022 to US$53.1 billion in FY2023, US$55.4 billion in FY2024 and US$56.9 billion in FY2025. FY2025 growth was 2.7% in local currency and 2.9% in US dollars, with the Americas up 5.5% to US$25.5 billion. The network said it invested US$3.1 billion across its firms during the year. Net income is not disclosed at network level.
Revenue and profit by year
Accenture
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $69.7B | $7.7B | 11.0% | +7.4% | Source |
| FY2024 | $64.9B | $7.3B | 11.2% | +1.2% | Source |
| FY2023 | $64.1B | $6.9B | 10.7% | +4.1% | Source |
| FY2022 | $61.6B | $6.9B | 11.2% | +21.9% | Source |
| FY2021 | $50.5B | $5.9B | 11.7% | +14.0% | Source |
| FY2020 | $44.3B | $5.1B | 11.5% | +2.6% | Source |
| FY2019 | $43.2B | $4.8B | 11.1% | +5.4% | Source |
| FY2018 | $41B | $4.1B | 9.9% | +13.3% | Source |
| FY2017 | $36.2B | $3.4B | 9.5% | +4.0% | Source |
| FY2016 | $34.8B | $4.1B | 11.8% | — | Source |
PricewaterhouseCoopers
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $56.9B | — | 0.0% | +2.7% | Source |
| FY2024 | $55.4B | — | 0.0% | +4.3% | Source |
| FY2023 | $53.1B | — | 0.0% | +5.6% | Source |
| FY2022 | $50.3B | — | 0.0% | — | Source |
Where the revenue comes from
Accenture
- Consulting
$35.11B in FY2025 revenue
Consulting includes strategy, technology consulting, systems integration, cloud migration, data and AI programs, and large transformation projects.
- Managed Services
$34.57B in FY2025 revenue
Managed Services includes application management, infrastructure operations, business process services, finance operations, customer operations, and other long-term outsourced work.
- AI, Data, and Digital Core
Reported across consulting and managed services
Accenture embeds AI, data, cybersecurity, cloud, enterprise platforms, and digital core modernization into client transformation programs.
- Song, Supply Chain, Engineering, and Talent
Reported across service lines
These capabilities cover customer experience, commerce, design, marketing technology, product engineering, supply chain, workforce transformation, and change management.
PricewaterhouseCoopers
- Advisory
$24.386B FY2025
Consulting, strategy, deals, risk, cyber, transformation, technology, managed services, and industry-specific advisory work.
- Assurance
$19.846B FY2025
Statutory audit, capital-markets assurance, controls, reporting, and other trust-related services.
- Tax and Legal
$12.736B FY2025
Tax compliance, transfer pricing, legal services, restructuring, and cross-border advisory services.
Business model and strategy
Accenture
How it makes money
Accenture sells professional services to large companies and governments. Consulting revenue ($35.11B in FY2025) comes from strategy, technology implementation, cloud migration and data and AI projects. Managed services revenue ($34.57B) comes from multi-year contracts to run applications, infrastructure and business processes such as finance or customer operations.
Growth strategy
Accenture grows through a mix of organic services and frequent acquisitions. It spent $6.58B on businesses and investments in FY2024 and $1.47B in FY2025, and in 2026 announced its largest recent deals: Faculty in the UK and the $1.2B Ookla agreement.
Competitive advantage
Accenture can take a client from strategy work through systems implementation and then run the resulting systems or processes under multi-year managed services contracts; in FY2025 managed services was $34.57B of its $69.67B revenue.
PricewaterhouseCoopers
How it makes money
PwC is not one company. Each national firm, such as PricewaterhouseCoopers LLP in the US or the UK firm, is a separate legal entity owned by its partners and licensed to use the PwC name, methodologies and technology by PricewaterhouseCoopers International Limited (PwCIL), a UK company limited by guarantee that does not serve clients itself. Member firms bill clients through three lines of service.
Growth strategy
PwC's growth plan centres on AI-enabled services and technology work. PwC US announced a US$1 billion, three-year investment in generative AI in April 2023 and in 2024 became an early enterprise customer and reseller of OpenAI's ChatGPT Enterprise.
Competitive advantage
PwC's edge is a combination of audit credentials and reach. Large listed groups need an auditor with qualified partners and regulator relationships in every country they operate in, and only the Big Four (PwC, Deloitte, EY and KPMG) audit most of the world's largest companies.
Questions about Accenture vs PricewaterhouseCoopers
Which company has higher revenue — Accenture PLC or PricewaterhouseCoopers?
Accenture PLC reported $69.7B (FY2025), while PricewaterhouseCoopers reported $56.9B (FY2025). By last reported revenue, Accenture PLC is the larger business, with PricewaterhouseCoopers reporting a smaller revenue base.
What is the market cap of Accenture PLC vs PricewaterhouseCoopers?
Accenture PLC has a market capitalisation of $110.7B. A public market cap figure for PricewaterhouseCoopers was not available (it may be privately held).
Which is more financially efficient — Accenture PLC or PricewaterhouseCoopers?
Accenture PLC generates $87k / employee in revenue per employee, while PricewaterhouseCoopers generates $156k / employee. PricewaterhouseCoopers shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Accenture PLC and PricewaterhouseCoopers make money?
Accenture PLC and PricewaterhouseCoopers generate revenue in fundamentally different ways. Accenture PLC: Accenture sells professional services to large companies and governments. PricewaterhouseCoopers: PwC is not one company.
Is Accenture PLC bigger than PricewaterhouseCoopers?
By last reported revenue, Accenture PLC ($69.7B (FY2025)) is the larger company compared to PricewaterhouseCoopers ($56.9B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Accenture vs PricewaterhouseCoopers overview