Willis Towers Watson (WTW) Research

Forward Estimates

EPS Estimates

Current Qtr

$3.12

$2.91$3.34

vs $2.86+9.1%

19 analysts

Next Qtr

$3.58

$3.44$3.76

vs $3.07+16.6%

19 analysts

Current Yr

$19.50

$18.88$20.06

vs $17.08+14.2%

20 analysts

Next Yr

$22.17

$20.82$23.32

vs $19.50+13.7%

21 analysts

Revenue Estimates

Current Qtr

$2.42B

$2.37B$2.45B

vs $2.26B+6.8%

9 analysts

Next Qtr

$2.46B

$2.40B$2.52B

vs $2.29B+7.6%

9 analysts

Current Yr

$10.43B

$10.21B$10.54B

vs $9.71B+7.5%

13 analysts

Next Yr

$11.00B

$10.64B$11.31B

vs $10.43B+5.4%

13 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for WTW on EDGAR.

WTW filing events and research context
Filed	Item	Context
Apr 30, 2026	mda_quarterly	WTW reported first-quarter 2026 revenue of $2.4 billion, an 8% as-reported increase driven by 3% organic growth and favorable currency translation from the Euro and Pound Sterling. Net income rose to $297 million, with adjusted operating margins expanding to 22.3%. The company is currently navigating a softening insurance market, which typically exerts downward pressure on commission revenue. Within the Health, Wealth & Career segment, organic growth in Health and Wealth was offset by declines in Career—attributed to geopolitical uncertainty in the Middle East and moderated North American advisory demand—and lower commissions in the Individual Marketplace. Conversely, the Risk & Broking segment saw organic growth fueled by strong software sales and corporate client retention. Strategic activity was highlighted by the acquisition of Newfront Insurance Holdings, funded via a $1.0 billion senior notes offering, and $300 million in share repurchases. Financial risks include persistent inflation, fluctuating interest rates, and geopolitical volatility. Liquidity remains stable, supported by a $1.5 billion revolving credit facility and a $775 million delayed draw term loan, though the company expects ongoing capital contributions to its reinsurance broking joint venture with Bain Capital.
Feb 25, 2026	business	Willis Towers Watson Public Limited Company operates under a governance framework defined by a formal Code of Conduct and comprehensive insider trading policies, including Rule 10b5-1 trading plan guidelines. The company’s capital structure is supported by significant debt obligations, including multiple supplemental indentures and senior notes. Key credit facilities include amended and restated agreements with Barclays Bank PLC and a delayed draw term loan agreement with JPMorgan Chase Bank, N.A. Human capital is managed through the 2012 Equity Incentive Plan, which utilizes time-based and performance-based restricted share units (RSUs) for both employees and directors. The company’s corporate foundation is based on the 2015 merger between Willis Group Holdings plc and Towers Watson & Co. The organization maintains a complex subsidiary structure, including Willis North America Inc. and Willis Netherlands Holdings B.V., and has engaged in strategic transactions such as a security and asset purchase agreement with Arthur J. Gallagher & Co. Furthermore, the company utilizes various deferred compensation and employee share purchase plans to manage its global workforce.
Feb 25, 2026	mda	WTW achieved margin expansion in fiscal year 2025, reporting an adjusted operating margin of 25.2% compared to 23.9% in 2024. Despite a revenue contraction to $9.71 billion, largely due to the divestiture of the TRANZACT business, adjusted operating income rose to $2.45 billion. This growth was driven by disciplined cost management in marketing, office, and professional services, which offset higher salary expenses and lower revenue from the TRANZACT sale. Adjusted EBITDA remained stable at $2.64 billion, while free cash flow grew to $1.55 billion, bolstered by operating margin expansion and reduced residual cash outflows from the company’s Transformation program. The sale of the Willis Re business also contributed significant tax-related fluctuations. Key operational risks include complexities in revenue recognition for Medicare broking and Affinity arrangements, which rely on estimated variable commissions, and proportional performance-based revenue in consulting and outsourced administration. Furthermore, the company manages contingencies related to potential errors and omissions claims in insurance and reinsurance placement, including a specific provision for a legacy bespoke structured insurance program.

Filed

Item

Context

Apr 30, 2026

mda_quarterly

WTW reported first-quarter 2026 revenue of $2.4 billion, an 8% as-reported increase driven by 3% organic growth and favorable currency translation from the Euro and Pound Sterling. Net income rose to $297 million, with adjusted operating margins expanding to 22.3%. The company is currently navigating a softening insurance market, which typically exerts downward pressure on commission revenue. Within the Health, Wealth & Career segment, organic growth in Health and Wealth was offset by declines in Career—attributed to geopolitical uncertainty in the Middle East and moderated North American advisory demand—and lower commissions in the Individual Marketplace. Conversely, the Risk & Broking segment saw organic growth fueled by strong software sales and corporate client retention. Strategic activity was highlighted by the acquisition of Newfront Insurance Holdings, funded via a $1.0 billion senior notes offering, and $300 million in share repurchases. Financial risks include persistent inflation, fluctuating interest rates, and geopolitical volatility. Liquidity remains stable, supported by a $1.5 billion revolving credit facility and a $775 million delayed draw term loan, though the company expects ongoing capital contributions to its reinsurance broking joint venture with Bain Capital.

Feb 25, 2026

business

Willis Towers Watson Public Limited Company operates under a governance framework defined by a formal Code of Conduct and comprehensive insider trading policies, including Rule 10b5-1 trading plan guidelines. The company’s capital structure is supported by significant debt obligations, including multiple supplemental indentures and senior notes. Key credit facilities include amended and restated agreements with Barclays Bank PLC and a delayed draw term loan agreement with JPMorgan Chase Bank, N.A. Human capital is managed through the 2012 Equity Incentive Plan, which utilizes time-based and performance-based restricted share units (RSUs) for both employees and directors. The company’s corporate foundation is based on the 2015 merger between Willis Group Holdings plc and Towers Watson & Co. The organization maintains a complex subsidiary structure, including Willis North America Inc. and Willis Netherlands Holdings B.V., and has engaged in strategic transactions such as a security and asset purchase agreement with Arthur J. Gallagher & Co. Furthermore, the company utilizes various deferred compensation and employee share purchase plans to manage its global workforce.

Feb 25, 2026

mda

WTW achieved margin expansion in fiscal year 2025, reporting an adjusted operating margin of 25.2% compared to 23.9% in 2024. Despite a revenue contraction to $9.71 billion, largely due to the divestiture of the TRANZACT business, adjusted operating income rose to $2.45 billion. This growth was driven by disciplined cost management in marketing, office, and professional services, which offset higher salary expenses and lower revenue from the TRANZACT sale. Adjusted EBITDA remained stable at $2.64 billion, while free cash flow grew to $1.55 billion, bolstered by operating margin expansion and reduced residual cash outflows from the company’s Transformation program. The sale of the Willis Re business also contributed significant tax-related fluctuations. Key operational risks include complexities in revenue recognition for Medicare broking and Affinity arrangements, which rely on estimated variable commissions, and proportional performance-based revenue in consulting and outsourced administration. Furthermore, the company manages contingencies related to potential errors and omissions claims in insurance and reinsurance placement, including a specific provision for a legacy bespoke structured insurance program.

Forward Estimates

WTW filing events and research context

Keep researching WTW

Related tickers

Related explainers

Forward Estimates