Willis Towers Watson Public Limited Company (WTW) quarterly income statement — complete revenue, gross profit & net income history
Willis Towers Watson Public Limited Company (WTW) annual income statement — 26-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 2.47B | 2.41B | 2.94B | 2.29B | 2.26B | 2.22B | 3.04B | 2.29B | 2.27B | 2.34B | 2.91B | 2.17B | 2.16B | 2.24B | 2.72B | 1.95B | 2.03B | 2.16B | 2.71B | 1.97B |
| Revenue Growth % | 9.07% | 8.5% | -3.26% | -0.04% | -0.18% | -5.04% | 4.15% | 5.68% | 4.91% | 4.32% | 7.05% | 10.91% | 6.3% | 3.89% | 0.59% | -1.01% | -2.87% | -3.05% | -2.1% | 4.01% |
| Medical Costs & Claims | 0 | 1.82B | 1.44B | 1.41B | 1.45B | 1.32B | 1.37B | 1.4B | 1.4B | 1.34B | 533M | 396M | 1.35B | 1.31B | 1.26B | 1.23B | 1.26B | 1.32B | 1.26B | 1.25B |
| Medical Cost Ratio % | 0% | 75.41% | 49.01% | 61.76% | 64.09% | 59.56% | 45.04% | 60.99% | 61.68% | 57.33% | 18.29% | 18.28% | 62.39% | 58.51% | 46.4% | 62.72% | 61.99% | 61.02% | 46.64% | 63.61% |
| Gross Profit | 2.47B | 593M | 1.5B | 875M | 812M | 899M | 1.67B | 893M | 868M | 999M | 2.38B | 1.77B | 812M | 931M | 1.46B | 728M | 772M | 842M | 1.44B | 718M |
| Gross Margin % | 100% | 24.59% | 50.99% | 38.24% | 35.91% | 40.44% | 54.96% | 39.01% | 38.32% | 42.67% | 81.71% | 81.72% | 37.61% | 41.49% | 53.6% | 37.28% | 38.01% | 38.98% | 53.36% | 36.39% |
| Gross Profit Growth % | 203.69% | -34.04% | -10.25% | -2.02% | -6.45% | -10.01% | -29.95% | -49.55% | 6.9% | 7.3% | 63.19% | 143.13% | 5.18% | 10.57% | 1.04% | 1.39% | -0.26% | 4.08% | 7.36% | 8.95% |
| Operating Expenses | 2.1B | 145M | 481M | 457M | 444M | 467M | 767M | 1.66B | 656M | 719M | 1.6B | 1.61B | 670M | 646M | 751M | 574M | 635M | 663M | 754M | -413M |
| OpEx / Revenue % | 85.24% | 6.01% | 16.38% | 19.97% | 19.64% | 21.01% | 25.27% | 72.48% | 28.96% | 30.71% | 54.98% | 74.38% | 31.03% | 28.79% | 27.59% | 29.39% | 31.27% | 30.69% | 27.86% | -20.93% |
| Depreciation & Amortization | 110M | 56M | 109M | 103M | 106M | 102M | 104M | 116M | 117M | 119M | 118M | 122M | 134M | 131M | 137M | 131M | 148M | 151M | 153M | 154M |
| Combined Ratio % | 85.24% | 81.43% | 65.4% | 81.73% | 83.72% | 80.57% | 70.31% | 133.46% | 90.64% | 88.04% | 73.27% | 92.66% | 93.42% | 87.3% | 73.99% | 92.11% | 93.25% | 91.71% | 74.5% | 42.68% |
| Operating Income | 364M | 448M | 1.02B | 418M | 368M | 432M | 901M | -766M | 212M | 280M | 779M | 159M | 142M | 285M | 708M | 154M | 137M | 179M | 690M | 1.13B |
| Operating Margin % | 14.76% | 18.57% | 34.6% | 18.27% | 16.28% | 19.43% | 29.69% | -33.46% | 9.36% | 11.96% | 26.73% | 7.34% | 6.58% | 12.7% | 26.01% | 7.89% | 6.75% | 8.29% | 25.5% | 57.32% |
| Operating Income Growth % | -1.09% | 3.7% | 12.76% | 154.57% | 73.58% | 54.29% | 15.66% | -581.76% | 49.3% | -1.75% | 10.03% | 3.25% | 3.65% | 59.22% | 2.61% | -86.38% | -19.41% | -15.17% | 17.55% | 1613.64% |
| EBITDA | 474M | 504M | 1.13B | 521M | 474M | 534M | 1B | -650M | 329M | 399M | 897M | 281M | 276M | 416M | 845M | 285M | 285M | 330M | 843M | 1.28B |
| EBITDA Margin % | 19.22% | 20.9% | 38.32% | 22.77% | 20.96% | 24.02% | 33.11% | -28.4% | 14.53% | 17.04% | 30.78% | 12.97% | 12.78% | 18.54% | 31.04% | 14.59% | 14.03% | 15.28% | 31.15% | 65.13% |
| Interest Expense | 78M | 77M | 66M | 65M | 64M | 65M | 66M | 65M | 68M | 64M | 63M | 61M | 57M | 54M | 54M | 54M | 51M | 49M | 50M | 50M |
| Non-Operating Income | -6M | 0 | -19M | -37M | -9M | 64M | -853M | -1.12B | -23M | -26M | -23M | -66M | -35M | -25M | -83M | -85M | -93M | -27M | -84M | -105M |
| Pretax Income | 292M | 376M | 933M | 383M | 311M | 304M | 1.69B | -1.99B | 168M | 242M | 739M | 164M | 120M | 256M | 737M | 185M | 179M | 157M | 724M | 1.19B |
| Pretax Margin % | 11.84% | 15.59% | 31.78% | 16.74% | 13.75% | 13.68% | 55.62% | -87.11% | 7.42% | 10.34% | 25.36% | 7.57% | 5.56% | 11.41% | 27.08% | 9.47% | 8.81% | 7.27% | 26.76% | 60.11% |
| Income Tax | 57M | 70M | 197M | 77M | -21M | 65M | 440M | -322M | 26M | 48M | 116M | 25M | 24M | 50M | 131M | 1M | 19M | 43M | 150M | 267M |
| Effective Tax Rate % | 19.52% | 18.62% | 21.11% | 20.1% | -6.75% | 21.38% | 26.07% | 16.15% | 15.48% | 19.83% | 15.7% | 15.24% | 20% | 19.53% | 17.77% | 0.54% | 10.61% | 27.39% | 20.72% | 22.51% |
| Net Income | 229M | 297M | 735M | 304M | 331M | 235M | 1.25B | -1.68B | 141M | 190M | 622M | 136M | 94M | 203M | 588M | 190M | 109M | 122M | 2.4B | 903M |
| Net Margin % | 9.29% | 12.31% | 25.03% | 13.29% | 14.64% | 10.57% | 41.05% | -73.18% | 6.23% | 8.12% | 21.35% | 6.28% | 4.35% | 9.05% | 21.6% | 9.73% | 5.37% | 5.65% | 88.77% | 45.77% |
| Net Income Growth % | -30.82% | 26.38% | -41.01% | 118.15% | 134.75% | 23.68% | 100.32% | -1331.62% | 50% | -6.4% | 5.78% | -28.42% | -13.76% | 66.39% | -75.52% | -78.96% | -40.76% | -83.36% | 404.62% | 646.28% |
| EPS (Diluted) | 2.43 | 3.10 | 7.62 | 3.11 | 3.31 | 2.33 | 12.22 | -16.42 | 1.36 | 1.83 | 5.98 | 1.29 | 0.88 | 1.88 | 5.40 | 1.71 | 1.43 | 1.03 | 19.19 | 6.99 |
| EPS Growth % | -26.59% | 33.05% | -37.64% | 118.94% | 143.38% | 27.32% | 104.35% | -1372.87% | 54.55% | -2.66% | 10.74% | -24.56% | -38.46% | 82.52% | -71.86% | -75.54% | 1.42% | -81.71% | 424.32% | 651.61% |
| EPS (Basic) | 2.43 | 3.12 | 7.66 | 3.10 | 3.34 | 2.35 | 12.34 | -16.42 | 1.37 | 1.84 | 6.02 | 1.30 | 0.88 | 1.90 | 5.42 | 1.73 | 1.43 | 1.03 | 19.23 | 7.01 |
| Diluted Shares Outstanding | 94M | 95.81M | 97M | 100M | 100M | 101M | 102M | 102M | 103M | 104M | 104M | 105M | 107M | 108M | 109M | 111M | 112M | 118M | 125M | 129M |