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Willis Towers Watson WTW Undistributed Earnings

Undistributed Earnings at other companies

Lesaka Technologies, Inc. logo
Lesaka Technologies, Inc.LSAK
$552K+102%
Willis Towers Watson logo
Willis Towers WatsonWTW
$9.35B+17.6%
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USANA Health SciencesUSNA
$1M0.0%
TIC Solutions logo
TIC SolutionsTIC
$61K+2,950%
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CorMedixCRMD
$247K
Dime Community Bancshares logo
Dime Community BancsharesDCOM
$32.76M+66.8%

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:UndistributedEarnings.

The source filing: Willis Towers Watson’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 10:30 AM EST
Fiscal year
FY2025
Accession
0001193125-26-069307

The Company recognizes deferred tax balances related to the undistributed earnings of subsidiaries when it expects that it will recover those undistributed earnings in a taxable manner, such as through receipt of dividends or sale of the investments. At December 31, 2025, the Company has $37.4 billion of undistributed earnings in subsidiaries where no deferred tax has been recognized, the majority of which can be recovered in an untaxable manner. If future events, including material changes in estimates of cash, working capital and long-term investment requirements necessitate that these earnings be distributed, a provision for income and foreign withholding taxes, net of credits, may be necessary.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Willis Towers Watson's undistributed earnings?
Willis Towers Watson (WTW) reported undistributed earnings of $9.35B in Q4 2025.
How has Willis Towers Watson's undistributed earnings changed year-over-year?
Willis Towers Watson's undistributed earnings increased by 17.6% year-over-year, from $7.95B to $9.35B.
What is the long-term trend for Willis Towers Watson's undistributed earnings?
Over 4 years (2021 to 2025), Willis Towers Watson's undistributed earnings has grown at a 27.4% compound annual growth rate (CAGR), from $14.2B to $37.4B.
What does undistributed earnings mean?
Represents the cumulative amount of earnings from foreign subsidiaries that have not been distributed to the parent company. These earnings are typically held for reinvestment in foreign operations.

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