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Willis Towers Watson WTW Payments to Acquire Businesses, Net of Cash Acquired

Payments to Acquire Businesses, Net of Cash Acquired at other companies

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CBIZCBZ
$3.5M
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MarshMRSH
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Brown & BrownBRO
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Aon plcAON

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:PaymentsToAcquireBusinessesNetOfCashAcquired.

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 itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Net cash from operating activities474326
CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES
Additions to fixed assets and software(114)(109)
Acquisitions of operations, net of cash acquired(1,039)(14)
Contributions to investments in associates(23)(8)
Net proceeds from sale of operations836
Net purchases of held-to-maturity securities(50)
Net purchases of available-for-sale securities(43)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Willis Towers Watson's payments to acquire businesses, net of cash acquired?
Willis Towers Watson (WTW) reported payments to acquire businesses, net of cash acquired of $247M in Q2 2026.
How has Willis Towers Watson's payments to acquire businesses, net of cash acquired changed year-over-year?
Willis Towers Watson's payments to acquire businesses, net of cash acquired increased by 1800.0% year-over-year, from $13M to $247M.
What is the long-term trend for Willis Towers Watson's payments to acquire businesses, net of cash acquired?
Over 3 years (2021 to 2025), Willis Towers Watson's payments to acquire businesses, net of cash acquired has grown at a -31.7% compound annual growth rate (CAGR), from $47M to $15M.
What does payments to acquire businesses, net of cash acquired mean?
Reflects the net cash consideration paid for the acquisition of other entities or business units, adjusted for the cash balances held by those acquired entities. It serves as a primary indicator of inorganic growth strategy and capital deployment for market expansion.

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