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Willis Towers Watson WTW Consulting — Revenue

Other product segments

Service
$2.34B+8.4%
Broking
$1.03B+10.4%
Outsourced Administration
$298M+3.1%

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PEGAConsulting — Revenue from Contract with Customer, Excluding Assessed Tax
$54.77M-9.3%
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FORRConsulting Services Revenue — Revenue
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$119.13M-14.7%

Other financials

Income statement

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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

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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

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Operating cash flow-$10.0M+71.4%
CapEx$55.0M+7.8%
Free cash flow-$65.0M+24.4%

Valuation

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Market cap$24.69B-9.7%
Enterprise value$29.74B-5.3%
P/E14.8×—
P/S2.5×-0.3×

Profitability

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Operating margin22.7%+14.8pp
Net margin16.8%—
FCF margin15.8%+3.4pp

Returns & leverage

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 consulting — revenue?
Willis Towers Watson (WTW) reported consulting — revenue of $861M in Q1 2026.
How has Willis Towers Watson's consulting — revenue changed year-over-year?
Willis Towers Watson's consulting — revenue increased by 7.9% year-over-year, from $798M to $861M.
What is the long-term trend for Willis Towers Watson's consulting — revenue?
Over 4 years (2021 to 2025), Willis Towers Watson's consulting — revenue has grown at a 2.8% compound annual growth rate (CAGR), from $2.94B to $3.29B.
What does consulting — revenue mean?
This metric represents the total gross revenue generated by the consulting business segment from contracts with customers, net of any assessed taxes. It reflects the core top-line performance of the advisory and solutions services provided to clients. This figure is a primary indicator of the segment's market demand and its ability to monetize professional expertise.