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Willis Towers Watson WTW Risk And Broking — Operating Income

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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:OperatingIncomeLoss.

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 income?
Willis Towers Watson (WTW) reported risk and broking — operating income of $252M in Q1 2026.
How has Willis Towers Watson's risk and broking — operating income changed year-over-year?
Willis Towers Watson's risk and broking — operating income increased by 11.5% year-over-year, from $226M to $252M.
What is the long-term trend for Willis Towers Watson's risk and broking — operating income?
Over 4 years (2021 to 2025), Willis Towers Watson's risk and broking — operating income has grown at a 6.4% compound annual growth rate (CAGR), from $835M to $1.07B.
What does risk and broking — operating income mean?
This metric measures the profitability of the Risk and Broking segment by subtracting operating expenses from segment revenues. It reflects the core earnings power of the brokerage and risk advisory operations before accounting for corporate-level expenses, interest, or taxes. It is a key indicator of the segment's operational health and performance.