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Willis Towers Watson WTW Risk And Broking — Reimbursable Expenses And Other

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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 wtw:ReimbursableExpensesAndOther.

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 — reimbursable expenses and other?
Willis Towers Watson (WTW) reported risk and broking — reimbursable expenses and other of $3M in Q1 2026.
How has Willis Towers Watson's risk and broking — reimbursable expenses and other changed year-over-year?
Willis Towers Watson's risk and broking — reimbursable expenses and other decreased by 0.0% year-over-year, from $3M to $3M.
What is the long-term trend for Willis Towers Watson's risk and broking — reimbursable expenses and other?
Over 4 years (2021 to 2025), Willis Towers Watson's risk and broking — reimbursable expenses and other has grown at a 14.4% compound annual growth rate (CAGR), from $7M to $12M.
What does risk and broking — reimbursable expenses and other mean?
This metric represents costs incurred by the segment on behalf of clients that are subsequently billed back to the client. It reflects the administrative pass-through nature of certain brokerage activities and provides insight into the volume of client-related service expenses.