What is Willis Towers Watson's goodwill?

Willis Towers Watson (WTW) reported goodwill of $9.66B in Q1 2026.

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

Willis Towers Watson's goodwill increased by 9.3% year-over-year, from $8.84B to $9.66B.

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

Over 5 years (2020 to 2025), Willis Towers Watson's goodwill has grown at a -3.0% compound annual growth rate (CAGR), from $10.39B to $8.94B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Willis Towers Watson WTW Goodwill

Goodwill at other companies

Automatic Data Processing, Inc.ADP

$3.29B-0.3%

MarshMRSH

$24.27B+3.1%

Brown & BrownBRO

$15.08B+85.9%

Robert HalfRHI

$250.98M+5.7%

Aon plcAON

$15.93B+1.5%

Arthur J. GallagherAJG

$22.96B+80.6%

Segments

By segment

See full

Health Wealth And Career$7.68B+5.3%

Risk And Broking$3.26B+15.4%

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$24.69B-9.7%

Enterprise value$29.74B-5.3%

P/E14.8×—

P/S2.5×-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:Goodwill.

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 goodwill?: Willis Towers Watson (WTW) reported goodwill of $9.66B in Q1 2026.
How has Willis Towers Watson's goodwill changed year-over-year?: Willis Towers Watson's goodwill increased by 9.3% year-over-year, from $8.84B to $9.66B.
What is the long-term trend for Willis Towers Watson's goodwill?: Over 5 years (2020 to 2025), Willis Towers Watson's goodwill has grown at a -3.0% compound annual growth rate (CAGR), from $10.39B to $8.94B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.