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Willis Towers Watson WTW Service — Revenue

Other product segments

Broking
$1.03B+10.4%
Consulting
$861M+7.9%
Outsourced Administration
$298M+3.1%

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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: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 service — revenue?
Willis Towers Watson (WTW) reported service — revenue of $2.34B in Q1 2026.
How has Willis Towers Watson's service — revenue changed year-over-year?
Willis Towers Watson's service — revenue increased by 8.4% year-over-year, from $2.16B to $2.34B.
What is the long-term trend for Willis Towers Watson's service — revenue?
Over 4 years (2021 to 2025), Willis Towers Watson's service — revenue has grown at a 1.8% compound annual growth rate (CAGR), from $8.78B to $9.43B.
What does service — revenue mean?
This metric represents the total gross revenue generated by the Service business segment from contracts with customers, specifically excluding any assessed taxes such as sales or value-added taxes. It serves as a primary indicator of the segment's market demand and top-line performance within the company's consulting and advisory operations. By isolating revenue from core service delivery, it allows stakeholders to assess the organic growth and commercial success of this specific business unit.