What is Willis Towers Watson's acquisitions?

Willis Towers Watson (WTW) reported acquisitions of $792M in Q1 2026.

How has Willis Towers Watson's acquisitions changed year-over-year?

Willis Towers Watson's acquisitions increased by 79100.0% year-over-year, from $1M to $792M.

What is the long-term trend for Willis Towers Watson's acquisitions?

Over 3 years (2021 to 2025), Willis Towers Watson's acquisitions has grown at a -31.7% compound annual growth rate (CAGR), from $47M to $15M.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Willis Towers Watson WTW Acquisitions

Acquisitions at other companies

MarshMRSH

$41M+128%

Brown & BrownBRO

$17M-74.6%

Aon plcAON

$296M+155%

CognizantCTSH

$730M—

CBIZCBZ

$3.5M—

Voya FinancialVOYA

$0+100%

Other financials

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

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Market cap$27.31B-9.8%

Enterprise value$32.36B-5.5%

P/E16.4×—

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×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Willis Towers Watson’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Willis Towers Watson's acquisitions?: Willis Towers Watson (WTW) reported acquisitions of $792M in Q1 2026.
How has Willis Towers Watson's acquisitions changed year-over-year?: Willis Towers Watson's acquisitions increased by 79100.0% year-over-year, from $1M to $792M.
What is the long-term trend for Willis Towers Watson's acquisitions?: Over 3 years (2021 to 2025), Willis Towers Watson's acquisitions has grown at a -31.7% compound annual growth rate (CAGR), from $47M to $15M.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.