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Willis Towers Watson WTW Business Combination Integration Related Costs Credits

Business Combination Integration Related Costs Credits at other companies

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$129K-61.9%
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$0-100%
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$9M
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$10M-79.9%
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$0-100%
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PNC Financial ServicesPNC
$121M

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$32.02B-0.3%
Enterprise value$37.5B+3.9%
P/E20.5×
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×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept wtw:BusinessCombinationIntegrationRelatedCostsCredits.

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
Other operating expenses380336765701
Depreciation5557111111
Amortization554910397
Transaction and integration expenses6121022
Total costs of providing services2,1021,8934,0663,684
Income from operations364368812800
Interest expense(78)(64)(155)(129)
Other income/(loss), net6911(55)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Willis Towers Watson's business combination integration related costs credits?
Willis Towers Watson (WTW) reported business combination integration related costs credits of $61M in Q2 2026.
How has Willis Towers Watson's business combination integration related costs credits changed year-over-year?
Willis Towers Watson's business combination integration related costs credits increased by 2950.0% year-over-year, from $2M to $61M.
What is the long-term trend for Willis Towers Watson's business combination integration related costs credits?
Over 4 years (2021 to 2025), Willis Towers Watson's business combination integration related costs credits has grown at a -59.8% compound annual growth rate (CAGR), from -$877M to $23M.
What does business combination integration related costs credits mean?
Expenses specifically incurred to integrate acquired businesses into the existing corporate structure, such as systems migration and personnel alignment. These costs are distinct from standard operating expenses and are often temporary.

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