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Willis Towers Watson WTW Risk And Broking — Operating Expenses

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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:OperatingExpenses.

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 risk and broking — operating expenses?
Willis Towers Watson (WTW) reported risk and broking — operating expenses of $864M in Q1 2026.
How has Willis Towers Watson's risk and broking — operating expenses changed year-over-year?
Willis Towers Watson's risk and broking — operating expenses increased by 7.9% year-over-year, from $801M to $864M.
What is the long-term trend for Willis Towers Watson's risk and broking — operating expenses?
Over 3 years (2022 to 2025), Willis Towers Watson's risk and broking — operating expenses has grown at a 6.2% compound annual growth rate (CAGR), from $2.73B to $3.26B.
What does risk and broking — operating expenses mean?
This represents the total costs incurred by the Risk and Broking segment to conduct its primary business activities, excluding interest and taxes. It encompasses personnel costs, administrative overhead, and other operational expenditures necessary to support insurance brokerage and risk advisory services. Monitoring this helps evaluate the segment's cost structure and operational efficiency.