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Willis Towers Watson WTW Q2 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$2.5BBeat by $49.5M
EPS$3.35Beat by $0.24
Revenue estimate$2.4B
EPS estimate$3.11
“This performance underscores the meaningful progress we've made embedding AI and automation across our business, enabling us to deliver higher-value client solutions and a more compelling colleague experience. Propel, WTW's AI Acceleration Plan announced today, builds on that foundation and is intended to further accelerate performance and enhance efficiency, creating value for shareholders and further strengthening WTW's differentiated position in the market. We remain confident in delivering on our full-year 2026 guidance and achieving our new 2028 margin target.”
Carl Hess

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$2.5B
EPS estimate$3.61

Financials

Q2 2026

Income statement

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Revenue$2.5B+9.1%
Operating income$364.0M-1.1%
Net income$229.0M-30.8%
EPS (diluted)$2.43-26.8%

Balance sheet

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Cash & equivalents$1.6B-17.1%
Total debt$7.1B+19.6%
Total equity$7.7B-5.1%
Total assets$30.6B+7.3%

Cash flow

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Operating cash flow$484.0M+34.1%
CapEx$59.0M+1.7%
Free cash flow$425.0M+40.3%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$31.87B-1.0%
Enterprise value$37.34B+3.2%
P/E20.4×—
P/S3.2×-0.1×

Profitability

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Operating margin22.2%+12.7pp
Net margin15.5%—
FCF margin16.7%+4.7pp

Returns & leverage

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Return on equity19.8%—
Debt / equity0.9×+0.2×
Current ratio1.1×0.0×

Segments

By product

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Service$2.4B+9.4%
Broking$1.1B+11.1%
Consulting$854.0M+6.2%
Outsourced Administration$304.0M+18.3%

By geography

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US$1.1B—
GB$550.0M—
IE$42.0M—

By segment

See full
Health Wealth And Career$1.3B+7.8%
Risk And Broking$1.2B+11.2%

FAQ

When did Willis Towers Watson report Q2 2026 earnings?
Willis Towers Watson (WTW) reported Q2 2026 earnings on July 30, 2026 before market open.
What were Willis Towers Watson's Q2 2026 revenue and EPS?
Willis Towers Watson reported revenue of $2.5B and eps of $3.35 for Q2 2026.
Did Willis Towers Watson beat estimates in Q2 2026?
Revenue beat the consensus estimate of $2.4B by $49.5M. EPS beat the consensus estimate of $3.11 by $0.24.
How did Willis Towers Watson's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.1% from $2.3B a year earlier and eps grew 17.1% from $2.86.
Where can I find Willis Towers Watson's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-005042) and the 10-Q periodic report (0001193125-26-325374) directly on SEC EDGAR. The filing index links above go to sec.gov.