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Willis Towers Watson WTW Compensation and benefits

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Other financials

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

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Market cap$31.58B-0.6%
Enterprise value$37.05B+3.7%
P/E20.2×
P/S3.1×-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×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: Willis Towers Watson’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-325374
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$2,466$2,261$4,878$4,484
Costs of providing services
Salaries and benefits1,5511,4492,9852,773
Other operating expenses380336765701
Depreciation5557111111
Amortization554910397
Transaction and integration expenses6121022
Total costs of providing services2,1021,8934,0663,684

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Willis Towers Watson's compensation and benefits?
Willis Towers Watson (WTW) reported compensation and benefits of $1.55B in Q2 2026.
How has Willis Towers Watson's compensation and benefits changed year-over-year?
Willis Towers Watson's compensation and benefits increased by 7.0% year-over-year, from $1.45B to $1.55B.
What is the long-term trend for Willis Towers Watson's compensation and benefits?
Over 4 years (2021 to 2025), Willis Towers Watson's compensation and benefits has grown at a 0.8% compound annual growth rate (CAGR), from $5.45B to $5.63B.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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