PwC Australia Profit Drops, But Fewer Partners Split the Pot

PWC Australia’s annual profit and revenue fell last year as it moved to incorporate AI into its auditing services.

The firm generated A$2.1 billion (US $1.5 billion) in 2025 revenue, down 3.2% from a year earlier, according to the annual report published Thursday. Profit “after people, taxes, and business expenses” came in at A$608 million, down 1.8% on 2024. But average income for partners rose 6% to A$814,000, as the profit was shared among just 575 partners, compared with 628 a year earlier.

• The firm last year led the PricewaterhouseCooper global network’s adoption of a ...