What is Willis Towers Watson's D&A?

Willis Towers Watson (WTW) reported D&A of $56M in Q1 2026.

How has Willis Towers Watson's D&A changed year-over-year?

Willis Towers Watson's D&A increased by 3.7% year-over-year, from $54M to $56M.

What is the long-term trend for Willis Towers Watson's D&A?

Over 4 years (2021 to 2025), Willis Towers Watson's D&A has grown at a -5.3% compound annual growth rate (CAGR), from $281M to $226M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Willis Towers Watson WTW D&A

D&A at other companies

Automatic Data Processing, Inc.ADP

$146.4M-0.5%

Brown & BrownBRO

$17M+54.5%

Robert HalfRHI

$12.29M-5.5%

Aon plcAON

$46M0.0%

Arthur J. GallagherAJG

$339M+32.9%

CognizantCTSH

$141M+3.7%

Segments

By segment

See full

Health Wealth And Career$32M+3.2%

Risk And Broking$10M0.0%

Other financials

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

See full

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

See full

Operating cash flow-$10.0M+71.4%

CapEx$55.0M+7.8%

Free cash flow-$65.0M+24.4%

Valuation

See full

Market cap$27.31B-9.8%

Enterprise value$32.36B-5.5%

P/E16.4×—

P/S2.8×-0.3×

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×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

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 D&A?: Willis Towers Watson (WTW) reported D&A of $56M in Q1 2026.
How has Willis Towers Watson's D&A changed year-over-year?: Willis Towers Watson's D&A increased by 3.7% year-over-year, from $54M to $56M.
What is the long-term trend for Willis Towers Watson's D&A?: Over 4 years (2021 to 2025), Willis Towers Watson's D&A has grown at a -5.3% compound annual growth rate (CAGR), from $281M to $226M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.