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Willis Towers Watson WTW Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$2.4BMiss by $1.5MDiluted EPS$3.72Beat by $0.07
Revenue estimate$2.4B
EPS estimate$3.65

Next report

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

Financials

Q1 2026

Income statement

See full
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

as of 07/09/26
See full
Market cap$27.63B-18.5%
Enterprise value$32.68B-14.7%
P/E16.6×—
P/S2.8×-0.7×

Profitability

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

Returns & leverage

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

Segments

By product

See full
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%

Versus estimates

Revenue

Q1 2026$2.4BMiss by $1.5M
Q4 2025$2.9BBeat by $82.9MQ3 2025$2.3BBeat by $13.3MQ2 2025$2.3BBeat by $32.3MQ1 2025$2.2BMiss by $59.6MQ4 2024$3.0BMiss by $14.0M

Diluted EPS

Q1 2026$3.72Beat by $0.07
Q4 2025$8.12Beat by $0.16Q3 2025$3.07Beat by $0.02Q2 2025$2.86Beat by $0.23Q1 2025$3.13Miss by $0.08Q4 2024$8.13Beat by $0.12

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Questions, answered.

When did Willis Towers Watson report Q1 2026 earnings?
Willis Towers Watson (WTW) reported Q1 2026 earnings on April 30, 2026 before market open.
What were Willis Towers Watson's Q1 2026 revenue and EPS?
Willis Towers Watson reported revenue of $2.4B and diluted EPS of $3.72 for Q1 2026.
Did Willis Towers Watson beat estimates in Q1 2026?
Revenue missed the consensus estimate of $2.4B by $1.5M. EPS beat the consensus estimate of $3.65 by $0.07.
How did Willis Towers Watson's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.5% from $2.2B a year earlier and diluted EPS grew 18.8% from $3.13.
Where can I find Willis Towers Watson's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-002866) and the 10-Q periodic report (0001193125-26-195310) directly on SEC EDGAR. The filing index links above go to sec.gov.