The biggest of Luxembourg’s big four audit and consulting firms posted €707.3m in total revenue for the financial year ending 30 June 2024.

Total revenue grew by 11.4% year-on-year and by 52.7% compared to the fiscal year ending 30 June 2020.

, managing partner of PWC Luxembourg, noted in the firm’s , issued on 15 October 2024, that: “Contrary to past years, the [company’s revenue] growth has not been homogeneous across all our service lines: while assurance clearly had an exceptional year and tax, including managed services, grew solidly, advisory had a more challenging year, reflective of a market environment characterised by volatility and uncertainty.”

The firm’s audit business has continued to represent an increasing share of total revenue, while its advisory service line contributed less than a fifth of total revenue for the first time in several years.

Net revenue grew by 12.5% year-on-year and by 54.1% compared to the fiscal year ending 30 June 2020.

The number of PWC employees in Luxembourg increased by 12.5% year-on-year and by 28.8% compared to the fiscal year ending 30 June 2020.