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Willis Towers Watson

WTW

WTW is a leading global advisory, broking, and solutions company that provides data-driven insights in the areas of people, risk, and capital.

Market cap
$27.63B-9.1%
Revenue$9.9B+0.9%
Net income$1.7B+250%
Free cash flow$1.6B+28.8%
EPS (diluted)$17.05+256%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$2.4B
EPS estimate$3.13

Financials

Q1 2026

Income statement

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Revenue$2.4B+8.5%
Operating income$448.0M+3.7%
Net income$297.0M+26.4%
EPS (diluted)$3.10+33.0%

Balance sheet

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Cash & equivalents$1.9B+23.1%
Total debt$6.9B+16.5%
Total equity$8.0B-1.9%
Total assets$29.6B+5.6%

Cash flow

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Operating cash flow-$10.0M+71.4%
CapEx$55.0M+7.8%
Free cash flow-$65.0M+24.4%

Valuation & ratios

Valuation

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Market cap$27.63B-9.1%
Enterprise value$32.68B-4.9%
P/E16.6×
P/S2.8×-0.3×

Profitability

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Operating margin22.7%+14.8pp
Net margin16.8%
FCF margin15.8%+3.4pp

Returns & leverage

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Return on equity20.7%
Debt / equity0.9×+0.1×
Current ratio1.2×0.0×

Segments

By product

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Service$2.3B+8.4%
Broking$1.0B+10.4%
Consulting$861.0M+7.9%
Outsourced Administration$298.0M+3.1%

By segment

See full
Health Wealth And Career$1.3B+8.6%
Risk And Broking$1.1B+8.6%

Competitors

Profile

WTW is a leading global advisory, broking, and solutions company that provides data-driven insights in the areas of people, risk, and capital. The company acts as an intermediary between clients and insurance carriers while offering specialized consulting services to optimize business performance, manage human capital, and enhance organizational resilience.

Competitive position

A leading global player in insurance brokerage and HR consulting, serving a vast majority of the world's largest corporations and insurance carriers.

GeographiesNorth America, Europe, Great Britain, International
Customer segmentsFortune Global 500, FTSE 100, Governmental agencies, Not-for-profit institutions
Business modelCommission-based brokerage, Fee-for-service consulting, Subscription SaaS, Discretionary investment management
SuppliersInsurance carriers, Technology and software providers, Data providers, Global talent pool
CustomersCorporate risk managers, Human resources departments, Pension fund trustees, Individual insurance consumers
Listed2001
Employees48.0K
CEOCarl Aaron Hess
FilingsSEC EDGAR

Questions, answered.

What is Willis Towers Watson's market cap?
Willis Towers Watson (WTW) has a market capitalization of $27.6B and trades on NASDAQ.
What is Willis Towers Watson's revenue and profitability?
Willis Towers Watson generated $9.9B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 16.8%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
Who are Willis Towers Watson's competitors?
Willis Towers Watson's key competitors include Aon plc, Arthur J. Gallagher & Co., Brown & Brown Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Willis Towers Watson have?
Willis Towers Watson's subsidiaries include Willis Towers Watson SA/NV.
Where is Willis Towers Watson headquartered?
Willis Towers Watson is headquartered in United Kingdom and employs approximately 48,000 people. It has been publicly traded since 2001.