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Willis Towers Watson WTW Q2 2025 earnings

Reported July 31, 2025 · Before market open

Revenue$2.3BBeat by $32.3MDiluted EPS$2.86Beat by $0.23
Revenue estimate$2.2B
EPS estimate$2.63

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$2.3B-0.2%
Operating income$368.0M+73.6%
Net income$331.0M+135%
EPS (diluted)$3.32+144%

Balance sheet

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Cash & equivalents$2.0B+57.4%
Total debt$5.9B-1.0%
Total equity$8.1B-13.2%
Total assets$28.5B-3.9%

Cash flow

See full
Operating cash flow$361.0M-11.3%
CapEx$58.0M-12.1%
Free cash flow$303.0M-11.1%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$29.98B+11.9%
Enterprise value$33.95B+7.6%
P/S3.1×+0.3×

Profitability

See full
Operating margin9.5%-5.2pp
FCF margin12%+3.2pp

Returns & leverage

See full
Debt / equity0.7×+0.1×
Current ratio1.1×0.0×

Segments

By product

See full
Service$2.2B-0.3%
Broking$996.0M-5.8%
Consulting$804.0M+7.5%
Outsourced Administration$257.0M-6.2%

By segment

See full
Health Wealth And Career$1.2B-6.0%
Risk And Broking$1.1B+6.9%

Versus estimates

Revenue

Q1 2026$2.4BMiss by $1.5MQ4 2025$2.9BBeat by $82.9MQ3 2025$2.3BBeat by $13.3M
Q2 2025$2.3BBeat by $32.3M
Q1 2025$2.2BMiss by $59.6MQ4 2024$3.0BMiss by $14.0M

Diluted EPS

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

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Questions, answered.

When did Willis Towers Watson report Q2 2025 earnings?
Willis Towers Watson (WTW) reported Q2 2025 earnings on July 31, 2025 before market open.
What were Willis Towers Watson's Q2 2025 revenue and EPS?
Willis Towers Watson reported revenue of $2.3B and diluted EPS of $2.86 for Q2 2025.
Did Willis Towers Watson beat estimates in Q2 2025?
Revenue beat the consensus estimate of $2.2B by $32.3M. EPS beat the consensus estimate of $2.63 by $0.23.
How did Willis Towers Watson's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.2% from $2.3B a year earlier and diluted EPS grew 12.2% from $2.55.
Where can I find Willis Towers Watson's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000950170-25-101355) directly on SEC EDGAR. The filing index links above go to sec.gov.