8-K Announcements
6Apr 30, 2026·SEC
Feb 3, 2026·SEC
Jan 27, 2026·SEC
Willis Towers Watson Public Limited Company (WTW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Willis Towers Watson Public Limited Company (WTW) stock price & volume — 10-year historical chart
Willis Towers Watson Public Limited Company (WTW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Willis Towers Watson Public Limited Company (WTW) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $3.72vs $3.66+1.6% | $2.4Bvs $2.4B-0.1% |
| Q1 2026 | Feb 3, 2026 | $8.12vs $7.96+2.0% | $2.9Bvs $2.9B+2.9% |
| Q4 2025 | Oct 30, 2025 | $3.07vs $3.05+0.7% | $2.3Bvs $2.3B+0.6% |
| Q3 2025 | Jul 31, 2025 | $2.86vs $2.63+8.7% | $2.3Bvs $2.2B+1.4% |
Willis Towers Watson Public Limited Company (WTW) competitors in Commercial insurance brokerages — business model, growth, and fundamentals comparison
Willis Towers Watson Public Limited Company (WTW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Willis Towers Watson Public Limited Company (WTW) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 8.2B | 8.51B | 8.37B | 8.62B | 9B | 8.87B | 9.48B | 9.93B | 9.71B | 9.9B |
Revenue Growth % | 3.99% | 3.79% | -1.68% | 2.93% | 4.45% | -1.47% | 6.96% | 4.71% | -2.24% | 0.87% |
Medical Costs & Claims | 4.97B | 5.12B | 4.93B | 5.16B | 5.25B | 5.07B | 5.34B | 5.5B | 5.63B | 6.12B |
Medical Cost Ratio % | 60.56% | 60.18% | 58.89% | 59.86% | 58.38% | 57.13% | 56.35% | 55.41% | 57.94% | 61.84% |
Gross Profit | 3.23B▲ 0% | 3.39B▲ 4.8% | 3.44B▲ 1.5% | 3.46B▲ 0.5% | 3.75B▲ 8.3% | 3.8B▲ 1.5% | 4.14B▲ 8.9% | 4.43B▲ 7.0% | 4.08B▼ 7.8% | 3.78B▲ 0% |
Gross Margin % | 39.44% | 39.82% | 41.11% | 40.14% | 41.62% | 42.87% | 43.65% | 44.59% | 42.06% | 38.16% |
Gross Profit Growth % | 6.48% | 4.79% | 1.5% | 0.49% | 8.3% | 1.5% | 8.89% | 6.98% | -7.79% | - |
Operating Expenses | 2.72B | 2.58B | 2.39B | 2.6B | 1.54B | 2.62B | 2.77B | 3.8B | 1.85B | 1.53B |
OpEx / Revenue % | 33.15% | 30.32% | 28.52% | 30.17% | 17.15% | 29.58% | 29.25% | 38.28% | 19.05% | 15.43% |
Depreciation & Amortization | 833M | 747M | 729M | 770M | 650M | 567M | 505M | 456M | 418M | 374M |
Combined Ratio % | 93.71% | 90.5% | 87.41% | 90.03% | 75.53% | 86.71% | 85.61% | 93.69% | 76.99% | 77.27% |
Operating Income | 516M▲ 0% | 809M▲ 56.8% | 1.05B▲ 30.3% | 859M▼ 18.5% | 2.2B▲ 156.3% | 1.18B▼ 46.5% | 1.36B▲ 15.9% | 627M▼ 54.1% | 2.23B▲ 256.3% | 2.25B▲ 0% |
Operating Margin % | 6.29% | 9.5% | 12.59% | 9.97% | 24.47% | 13.29% | 14.39% | 6.31% | 23.01% | 22.73% |
Operating Income Growth % | 48.28% | 56.78% | 30.28% | -18.5% | 156.34% | -46.5% | 15.87% | -54.07% | 256.3% | - |
EBITDA | 1.35B | 1.56B | 1.78B | 1.63B | 2.85B | 1.75B | 1.87B | 1.08B | 2.65B | 2.62B |
EBITDA Margin % | 16.45% | 18.28% | 21.3% | 18.91% | 31.7% | 19.68% | 19.72% | 10.91% | 27.32% | 26.51% |
Interest Expense | 188M | 208M | 234M | 244M | 211M | 208M | 235M | 263M | 260M | 272M |
Non-Operating Income | -164M | -250M | -226M | -396M | -701M | -288M | -149M | 260M | -23M | -65M |
Pretax Income | 495M▲ 0% | 851M▲ 71.9% | 1.05B▲ 22.9% | 1.01B▼ 3.3% | 2.69B▲ 166.3% | 1.26B▼ 53.3% | 1.28B▲ 1.7% | 104M▼ 91.9% | 1.93B▲ 1756.7% | 2B▲ 0% |
Pretax Margin % | 6.04% | 10% | 12.5% | 11.74% | 29.92% | 14.19% | 13.49% | 1.05% | 19.89% | 20.24% |
Income Tax | -100M | 136M | 197M | 249M | 536M | 194M | 215M | 192M | 318M | 323M |
Effective Tax Rate % | -20.2% | 15.98% | 18.83% | 24.63% | 19.91% | 15.42% | 16.81% | 184.62% | 16.47% | 16.13% |
Net Income | 568M▲ 0% | 695M▲ 22.4% | 1.04B▲ 50.2% | 996M▼ 4.6% | 4.22B▲ 323.9% | 1.01B▼ 76.1% | 1.05B▲ 4.6% | -98M▼ 109.3% | 1.6B▲ 1737.8% | 1.67B▲ 0% |
Net Margin % | 6.93% | 8.16% | 12.47% | 11.56% | 46.92% | 11.38% | 11.13% | -0.99% | 16.53% | 16.84% |
Net Income Growth % | 35.24% | 22.36% | 50.22% | -4.6% | 323.9% | -76.1% | 4.56% | -109.29% | 1737.76% | 3245.28% |
EPS (Diluted) | 4.18▲ 0% | 5.27▲ 26.1% | 8.03▲ 52.4% | 7.65▼ 4.7% | 14.90▲ 94.8% | 8.98▼ 39.7% | 9.95▲ 10.8% | -0.96▼ 109.6% | 16.26▲ 1793.8% | 17.40▲ 0% |
EPS Growth % | 84.96% | 26.08% | 52.37% | -4.73% | 94.77% | -39.73% | 10.8% | -109.65% | 1793.75% | 3460.78% |
EPS (Basic) | 4.21 | 5.31 | 8.03 | 7.68 | 15.02 | 9.00 | 10.05 | -0.96 | 16.34 | - |
Diluted Shares Outstanding | 136M | 132M | 130M | 130M | 129M | 112M | 106M | 102M | 99M | 95.81M |
Willis Towers Watson Public Limited Company (WTW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 32.46B | 32.4B | 35.51B | 38.53B | 34.97B | 31.77B | 29.09B | 27.68B | 29.53B | 29.64B |
Asset Growth % | 7.22% | -0.19% | 9.62% | 8.5% | -9.24% | -9.15% | -8.43% | -4.84% | 6.68% | 9.42% |
Total Investment Assets | 26M | 7M | 23M | 70M | 255M | 90M | 88M | 157M | 0 | 2M |
Long-Term Investments | 26M | 7M | 23M | 70M | 55M | 90M | 88M | 157M | 0 | 462M |
Short-Term Investments | 0 | 0 | 0 | 0 | 200M | 0 | 0 | 0 | 0 | 0 |
Total Current Assets | 15.86B | 16.42B | 17.12B | 20.3B | 18.49B | 15.84B | 13.43B | 15.11B | 16.87B | 16.09B |
Cash & Equivalents | 1.03B | 1.03B | 887M | 2.04B | 4.49B | 1.26B | 1.42B | 1.89B | 3.13B | 1.85B |
Receivables | 2.25B | 2.38B | 2.62B | 2.41B | 2.37B | 2.39B | 2.57B | 2.49B | 2.7B | 10.59B |
Other Current Assets | 12.45B | 12.87B | 13.38B | 15.73B | 11.29B | 12.05B | 9.31B | 10.6B | 10.45B | 11.58B |
Goodwill & Intangibles | 14.4B | 13.79B | 14.67B | 14.25B | 12.74B | 12.45B | 12.21B | 10.09B | 10.08B | 41.31B |
Goodwill | 10.52B | 10.48B | 11.19B | 11.2B | 10.18B | 10.17B | 10.2B | 8.8B | 8.94B | 9.66B |
Intangible Assets | 3.88B | 3.32B | 3.48B | 3.04B | 2.56B | 2.27B | 2.02B | 1.29B | 1.14B | 1.27B |
PP&E (Net) | 985M | 942M | 2.01B | 1.92B | 1.57B | 1.3B | 1.28B | 1.15B | 1.18B | 1.17B |
Other Assets | 1.14B | 1.17B | 1.61B | 1.95B | 2.04B | 2.03B | 1.99B | 941M | 1.4B | 1.45B |
Total Liabilities | 22.18B | 22.39B | 25.14B | 27.6B | 21.66B | 21.68B | 19.5B | 19.66B | 21.48B | 21.58B |
Total Debt | 4.7B | 4.72B | 6.77B | 6.72B | 5.49B | 5.48B | 5.94B | 5.93B | 6.9B | 6.79B |
Net Debt | 3.67B | 3.69B | 5.88B | 4.68B | 1B | 4.22B | 4.52B | 4.04B | 3.77B | 4.93B |
Long-Term Debt | 4.45B | 4.39B | 5.3B | 4.66B | 3.97B | 4.47B | 4.57B | 5.31B | 5.76B | 6.79B |
Short-Term Debt | 85M | 186M | 316M | 971M | 613M | 250M | 650M | 0 | 550M | 0 |
Total Current Liabilities | 14.76B | 15.3B | 16.16B | 19.33B | 14.72B | 14.78B | 12.63B | 12.6B | 14B | 13.55B |
Accounts Payable | 908M | 691M | 856M | 857M | 898M | 975M | 1.07B | 1.05B | 0 | 0 |
Deferred Revenue | 1.71B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.54B |
Other Current Liabilities | 11.75B | 13.94B | 14.21B | 16.65B | 12.41B | 12.97B | 10.34B | 10.89B | 13.33B | 12B |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 75M |
Other Liabilities | 2.19B | 1.99B | 2.17B | 2.11B | 1.37B | 1.05B | 1.16B | 1.21B | 1.25B | 1.24B |
Total Equity | 10.28B▲ 0% | 10.01B▼ 2.6% | 10.37B▲ 3.6% | 10.93B▲ 5.4% | 13.31B▲ 21.7% | 10.09B▼ 24.2% | 9.59B▼ 5.0% | 8.02B▼ 16.4% | 8.05B▲ 0.4% | 8.06B▲ 0% |
Equity Growth % | 1.54% | -2.61% | 3.6% | 5.43% | 21.73% | -24.16% | -4.95% | -16.43% | 0.44% | -11.4% |
Shareholders Equity | 10.13B | 9.85B | 10.25B | 10.82B | 13.26B | 10.02B | 9.52B | 7.94B | 7.98B | 7.98B |
Minority Interest | 151M | 157M | 120M | 112M | 48M | 77M | 73M | 77M | 76M | 82M |
Retained Earnings | 1.1B | 1.2B | 1.79B | 2.43B | 4.64B | 1.76B | 1.47B | 109M | -296M | -392M |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -1.51B | -1.96B | -2.23B | -2.36B | -2.19B | -2.62B | -2.86B | -3.16B | -2.83B | -2.87B |
Return on Equity (ROE) | 5.57% | 6.85% | 10.25% | 9.35% | 34.84% | 8.62% | 10.72% | -1.11% | 19.98% | 20.77% |
Return on Assets (ROA) | 1.81% | 2.14% | 3.07% | 2.69% | 11.49% | 3.02% | 3.47% | -0.35% | 5.61% | 5.79% |
Equity / Assets | 31.66% | 30.9% | 29.2% | 28.37% | 38.06% | 31.77% | 32.98% | 28.96% | 27.27% | 27.19% |
Debt / Equity | 0.46x | 0.47x | 0.65x | 0.61x | 0.41x | 0.54x | 0.62x | 0.74x | 0.86x | 0.84x |
Book Value per Share | 75.57 | 75.83 | 79.76 | 84.09 | 103.16 | 90.12 | 90.50 | 78.60 | 81.33 | 84.12 |
Tangible BV per Share | -30.32 | -28.68 | -33.10 | -25.50 | 4.42 | -21.01 | -24.70 | -20.36 | -20.47 | -30.04 |
Willis Towers Watson Public Limited Company (WTW) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 862M | 1.29B | 1.08B | 1.77B | 2.06B | 812M | 1.34B | 1.51B | 1.77B | 1.8B |
Operating CF Growth % | -10.86% | 49.42% | -16.07% | 64.11% | 16.18% | -60.6% | 65.64% | 12.42% | 17.39% | 129.5% |
Operating CF / Revenue % | 10.51% | 15.13% | 12.92% | 20.59% | 22.91% | 9.16% | 14.18% | 15.23% | 18.28% | 18.19% |
Net Income | 592M | 715M | 1.07B | 1.02B | 4.24B | 1.02B | 1.05B | 1.25B | 1.61B | 1.67B |
Depreciation & Amortization | 833M | 747M | 729M | 770M | 650M | 567M | 505M | 456M | 226M | 372M |
Stock-Based Compensation | 67M | 54M | 74M | 90M | 101M | 99M | 125M | 121M | 153M | 158M |
Deferred Taxes | -285M | -115M | -72M | 99M | 226M | -50M | -109M | -213M | 55M | -69M |
Other Non-Cash Items | -67M | -112M | 67M | -149M | -2.7B | 60M | 140M | 226M | 439M | 328M |
Working Capital Changes | -278M | -1M | -790M | -56M | -449M | -888M | -371M | -326M | -711M | -669M |
Cash from Investing | -335M | -341M | -1.61B | -160M | 2.77B | -173M | -1.08B | 250M | 447M | -309M |
Capital Expenditures | -375M | -322M | -305M | -223M | -201M | -204M | -242M | -245M | -229M | -233M |
Acquisitions | -13M | -32M | -1.31B | 143M | 2.97B | -169M | -6M | 515M | 855M | 21M |
Purchase of Investments | 0 | 0 | 0 | 0 | -200M | 200M | -4M | -15M | -125M | -62M |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 53M | 200M | 0 | 0 | 0 | 16M |
Other Investing | 53M | 13M | 3M | -80M | 147M | -200M | -833M | -5M | -54M | -51M |
Cash from Financing | -479M | -903M | 397M | 378M | -3.11B | -3.44B | -1.2B | -459M | -936M | -1.16B |
Dividends Paid | -277M | -306M | -329M | -346M | -374M | -369M | -352M | -354M | -358M | -358M |
Share Repurchases | -709M | -602M | -150M | 0 | -1.63B | -3.53B | -1B | -901M | -1.65B | -1.75B |
Stock Issued | 61M | 45M | 45M | 16M | 10M | 7M | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -4M |
Other Financing | -64M | -39M | -140M | 753M | -115M | 323M | -342M | 705M | 88M | 950M |
Net Change in Cash | 160M▲ 0% | 3M▼ 98.1% | -138M▼ 4700.0% | 2.12B▲ 1634.8% | 1.59B▼ 24.9% | -2.97B▼ 286.8% | -929M▲ 68.7% | 1.21B▲ 229.8% | 1.49B▲ 23.5% | 422M▲ 0% |
Exchange Rate Effect | 112M | -41M | -2M | 126M | -127M | -164M | 11M | -97M | 203M | 94M |
Cash at Beginning | 870M | 1.03B | 1.03B | 4.18B | 6.3B | 7.69B | 4.72B | 3.79B | 5B | 6.49B |
Cash at End | 1.03B | 1.03B | 895M | 6.3B | 7.89B | 4.72B | 3.79B | 5B | 6.49B | 5.41B |
Free Cash Flow | 487M▲ 0% | 966M▲ 98.4% | 776M▼ 19.7% | 1.49B▲ 91.8% | 1.86B▲ 25.0% | 608M▼ 67.3% | 1.1B▲ 81.4% | 1.27B▲ 14.9% | 1.55B▲ 22.0% | 1.57B▲ 0% |
FCF Growth % | -26.21% | 98.36% | -19.67% | 91.75% | 25% | -67.31% | 81.41% | 14.87% | 22.02% | 7.59% |
FCF Margin % | 5.94% | 11.35% | 9.27% | 17.27% | 20.67% | 6.86% | 11.63% | 12.76% | 15.93% | 15.89% |
FCF per Share | 3.58 | 7.32 | 5.97 | 11.45 | 14.42 | 5.43 | 10.41 | 12.42 | 15.62 | 16.42 |
Willis Towers Watson Public Limited Company (WTW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Combined Ratio | 93.71% | 90.5% | 87.41% | 90.03% | 75.53% | 86.71% | 85.61% | 93.69% | 76.99% | 77.27% |
Medical Cost Ratio | 60.56% | 60.18% | 58.89% | 59.86% | 58.38% | 57.13% | 56.35% | 55.41% | 57.94% | 61.84% |
Return on Equity (ROE) | 5.57% | 6.85% | 10.25% | 9.35% | 34.84% | 8.62% | 10.72% | -1.11% | 19.98% | 20.77% |
Return on Assets (ROA) | 1.81% | 2.14% | 3.07% | 2.69% | 11.49% | 3.02% | 3.47% | -0.35% | 5.61% | 5.79% |
Equity / Assets | 31.66% | 30.9% | 29.2% | 28.37% | 38.06% | 31.77% | 32.98% | 28.96% | 27.27% | 27.19% |
Book Value / Share | 75.57 | 75.83 | 79.76 | 84.09 | 103.16 | 90.12 | 90.5 | 78.6 | 81.33 | 84.12 |
Debt / Equity | 0.46x | 0.47x | 0.65x | 0.61x | 0.41x | 0.54x | 0.62x | 0.74x | 0.86x | 0.84x |
Revenue Growth | 3.99% | 3.79% | -1.68% | 2.93% | 4.45% | -1.47% | 6.96% | 4.71% | -2.24% | 0.87% |
Willis Towers Watson Public Limited Company (WTW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Feb 3, 2026·SEC
Jan 27, 2026·SEC
Feb 25, 2026·SEC
Willis Towers Watson Public Limited Company (WTW) stock FAQ — growth, dividends, profitability & financials explained
Willis Towers Watson Public Limited Company (WTW) saw revenue decline by 2.2% over the past year.
Yes, Willis Towers Watson Public Limited Company (WTW) is profitable, generating $1.67B in net income for fiscal year 2025 (16.5% net margin).
Yes, Willis Towers Watson Public Limited Company (WTW) pays a dividend with a yield of 1.42%. This makes it attractive for income-focused investors.
Willis Towers Watson Public Limited Company (WTW) has a return on equity (ROE) of 20.0%. This is reasonable for most industries.
Willis Towers Watson Public Limited Company (WTW) has a combined ratio of 77.0%. A ratio below 100% indicates underwriting profitability.