Key facts
- 52-week range (closes)
- $242.12 – $350.75 Lowest close May 13, 2026, highest Aug 24, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Jan 5, 2016 · All S&P 500 changes
Willis Towers Watson (WTW) is trading up at $318.72 (+1.36%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Financials sector.
Willis Towers Watson revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.89B | $8.20B | $8.51B | $8.37B | $8.62B | $9.00B | $8.87B | $9.48B | $9.93B | $9.71B |
| Growth (year over year) | +106.0% | +4.0% | +3.8% | −1.7% | +2.9% | +4.4% | −1.5% | +7.0% | +4.7% | −2.2% |
| Operating income | $348.0M | $516.0M | $809.0M | $1.05B | $859.0M | $2.20B | $1.18B | $1.36B | $627.0M | $2.23B |
| Operating margin | 4.4% | 6.3% | 9.5% | 12.6% | 10.0% | 24.5% | 13.3% | 14.4% | 6.3% | 23.0% |
| Net income | $420.0M | $568.0M | $695.0M | $1.04B | $996.0M | $4.22B | $1.01B | $1.05B | −$98.0M | $1.60B |
| Net margin | 5.3% | 6.9% | 8.2% | 12.5% | 11.6% | 46.9% | 11.4% | 11.1% | −1.0% | 16.5% |
| EPS (diluted) | $3.04 | $4.18 | $5.27 | $8.02 | $7.65 | $32.78 | $8.98 | $9.95 | −$0.96 | $16.26 |
| Balance sheet | ||||||||||
| Cash and equivalents | $870.0M | $1.03B | $1.03B | $887.0M | $2.04B | $4.49B | $1.26B | $1.42B | $1.89B | $3.13B |
| Total assets | $30.3B | $32.5B | $32.4B | $35.4B | $38.5B | $35.0B | $31.8B | $29.1B | $27.7B | $29.5B |
| Total liabilities | $20.0B | $22.2B | $22.4B | $25.1B | $27.6B | $21.7B | $21.7B | $19.5B | $19.7B | $21.5B |
| Long-term debt | $3.36B | $4.45B | $4.39B | $5.30B | $4.66B | $3.97B | $4.47B | $4.57B | $5.31B | $5.76B |
| Shareholders' equity | $10.1B | $10.1B | $9.85B | $10.2B | $10.8B | $13.3B | $10.0B | $9.52B | $7.94B | $7.98B |
| Cash flow | ||||||||||
| Operating cash flow | $933.0M | $862.0M | $1.29B | $1.08B | $1.77B | $2.06B | $812.0M | $1.34B | $1.51B | $1.77B |
| Capital expenditure | $218.0M | $300.0M | $268.0M | — | — | — | — | $242.0M | $245.0M | $229.0M |
| Free cash flow | $715.0M | $562.0M | $1.02B | — | — | — | — | $1.10B | $1.27B | $1.55B |
| Dividends paid | $199.0M | $277.0M | $306.0M | $329.0M | $346.0M | $374.0M | $369.0M | $352.0M | $354.0M | $358.0M |
| Share buybacks | $396.0M | $532.0M | $602.0M | $150.0M | $0 | $1.63B | $3.53B | $1.00B | $901.0M | $1.65B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $2.29B | $3.04B | $2.22B | $2.26B | $2.29B | $2.94B | $2.41B | $2.47B |
| Growth (year over year) | +5.7% | +4.2% | −5.0% | −0.2% | −0.0% | −3.3% | +8.5% | +9.1% |
| Operating income | −$766.0M | $901.0M | $432.0M | $368.0M | $418.0M | $1.02B | $448.0M | $364.0M |
| Operating margin | −33.5% | 29.7% | 19.4% | 16.3% | 18.3% | 34.6% | 18.6% | 14.8% |
| Net income | −$1.68B | $1.25B | $235.0M | $331.0M | $304.0M | $735.0M | $297.0M | $229.0M |
| Net margin | −73.2% | 41.1% | 10.6% | 14.6% | 13.3% | 25.0% | 12.3% | 9.3% |
| EPS (diluted) | −$16.44 | $12.29 | $2.33 | $3.32 | $3.11 | $7.50 | $3.10 | $2.43 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.37B | $1.89B | $1.51B | $1.96B | $1.90B | $3.13B | $1.85B | $1.63B |
| Total assets | $27.2B | $27.7B | $28.1B | $28.5B | $27.4B | $29.5B | $29.6B | $30.6B |
| Total liabilities | $19.6B | $19.7B | $19.9B | $20.3B | $19.6B | $21.5B | $21.6B | $22.8B |
| Long-term debt | $5.31B | $5.31B | $4.76B | $4.76B | $4.76B | $5.76B | $6.30B | $5.78B |
| Shareholders' equity | $7.49B | $7.94B | $8.13B | $8.10B | $7.74B | $7.98B | $7.98B | $7.69B |
| Cash flow | ||||||||
| Operating cash flow | $482.0M | $599.0M | −$35.0M | $361.0M | $678.0M | $771.0M | −$10.0M | $484.0M |
| Capital expenditure | $63.0M | $56.0M | $51.0M | $58.0M | $57.0M | $63.0M | $55.0M | $59.0M |
| Free cash flow | $419.0M | $543.0M | −$86.0M | $303.0M | $621.0M | $708.0M | −$65.0M | $425.0M |
| Dividends paid | $89.0M | $89.0M | $88.0M | $91.0M | $90.0M | $89.0M | $88.0M | $90.0M |
| Share buybacks | $205.0M | $395.0M | $200.0M | $500.0M | $600.0M | $350.0M | $300.0M | $450.0M |
From Willis Towers Watson's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Willis Towers Watson vs the Financials sector and the S&P 500
Willis Towers Watson's latest reported figures next to the median of the other 75 S&P 500 Financials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Willis Towers Watson | Financials (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | −2.2% | +7.2% | +7.0% |
| Net margin, latest fiscal year | 16.5% | 19.4% | 12.9% |
| Dividend per share, latest fiscal year | $3.68 | $2.35 | $2.40 |
| Share price change, 1 year | −3.4% | +9.3% | +7.5% |
Willis Towers Watson: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Willis Towers Watson included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 61/349, 1-year price change 75/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 61 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About Willis Towers Watson
Willis Towers Watson plc is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.
Source: Wikipedia — Willis Towers Watson
- Headquarters
- London England, United Kingdom From SEC filings, Oct 2026
Recent News (20)
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U.S. workers are healthier, but less financially secure, WTW research finds Financial pressure is increasingly shaping health decisions, retirement confidence and workforce performance Financial pressure is increasingly shaping health decisions, retirement confidence and wor…
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Uncertainty about future skills is emerging as the next workforce risk, says WTW Employees recognize the need to reskill, but managers need stronger tools and organizational support to help people keep pace Employees recognize the need to reskill, but managers need stronger tools…
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WTW Confirms Change in Ownership of Al-Futtaim Willis Regulatory approvals from the Central Bank of the UAE (United Arab Emirates) and the Central Bank of Bahrain complete the change in ownership of Al Futtaim Willis.
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WTW and Softtek partner to help organizations scale AI workforce transformation WTW today announced a strategic AI partnership with Softtek, a global software engineering partner.
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WTW’s Zurich Deal Puts Its Insurance Technology Business In Focus
WTW’s Zurich Deal Puts Its Insurance Technology Business In Focus
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WTW expands Zurich deal to deploy Radar software globally
WTW expands Zurich deal to deploy Radar software globally
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Insurers using facultative reinsurance to fuel a drive for growth, according to Willis survey LONDON, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Facultative reinsurance is helping insurers pursue growth opportunities in a rapidly softening market, enabling them to maximize available capacity and exp…
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Willis Towers Watson Stock: Is WTW Underperforming the Financial Service Sector?
Willis Towers Watson Stock: Is WTW Underperforming the Financial Service Sector?
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18 WTW agents quit in 44 minutes, walked next door to competitor Lockton — and allegedly took $5 million in clients
18 WTW agents quit in 44 minutes, walked next door to competitor Lockton — and allegedly took $5 million in clients
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Finance is ‘leaning in’ to manage healthcare costs, WTW exec says Finance is ‘leaning in’ to manage healthcare costs, WTW exec says
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