Willis Towers Watson (WTW): financials, SEC filings and peers

Willis Towers Watson (WTW) is an insurance brokers company in the Financials sector of the S&P 500, headquartered in London, United Kingdom.

It was founded in 2016 and joined the S&P 500 on January 5, 2016.

Its fiscal year ends in December, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Insurance Agents, Brokers & Service”.

Willis Towers Watson at a glance

Revenue (12 months): $10.1B
Revenue growth: +3.0%
Operating margin: 22.2%
Net income (12 months): $1.6B
Free cash flow (12 months): $1.7B
Cash: $1.6B
Debt: $6.5B
Diluted EPS (12 months): $16.16

Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Willis Towers Watson reported revenue of $10.1 billion, about the same as a year earlier (+3.0%).

Its operating margin was 22.2%, up 12.7 percentage points from a year earlier: for every $100 of sales, about $22 was left as operating profit.

Net income was $1.6 billion (15.5% of revenue), 1042.3% higher than a year earlier.

Operating cash flow was $1.9 billion and capital spending $234 million, leaving free cash flow of $1.7 billion (16.7% of revenue).

At the end of the period it held $1.6 billion in cash and $6.5 billion in debt, a net debt position of $4.9 billion.

The diluted share count fell 6.0% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $8.6 billion in fiscal 2020 to $9.7 billion in fiscal 2025, about 2.4% a year.
Operating margin widened from 10.0% to 23.0% over the same years.
Free cash flow was positive in each of the last 3 fiscal years.
Willis Towers Watson reported a net loss in 1 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$9.0B	$8.9B	$9.5B	$9.9B	$9.7B
Revenue growth	4.4%	-1.5%	7.0%	4.7%	-2.2%
Operating margin	24.5%	13.3%	14.4%	6.3%	23.0%
Net income	$4.2B	$1.0B	$1.1B	−$98M	$1.6B
Free cash flow	—	—	$1.1B	$1.3B	$1.5B
Diluted EPS	$32.78	$8.98	$9.95	$-0.96	$16.26

Fiscal years as reported in Willis Towers Watson’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed July 30, 2026 — quarterly report
8-K filed July 30, 2026 — Earnings results; Regulation FD disclosure
8-K filed May 21, 2026 — Shareholder vote results
10-Q filed April 30, 2026 — quarterly report
8-K filed April 30, 2026 — Earnings results; Regulation FD disclosure

All Willis Towers Watson filings on SEC EDGAR

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Questions about Willis Towers Watson

Is Willis Towers Watson's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $10.1 billion, up 3.0% from a year earlier, according to its SEC filings.

Is Willis Towers Watson profitable?

Yes. It earned $1.6 billion in net income over the twelve months to June 30, 2026, a net margin of 15.5%.

Does Willis Towers Watson have more cash or more debt?

At June 30, 2026 it had $1.6 billion in cash and $6.5 billion in debt, so more debt than cash.

When did Willis Towers Watson last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.

Which companies are similar to Willis Towers Watson?

In the S&P 500, Willis Towers Watson is grouped in Insurance Brokers within the Financials sector. Arthur J. Gallagher & Co. (AJG), Aon plc (AON), Brown & Brown (BRO), Erie Indemnity (ERIE), Marsh McLennan (MRSH) are in the same group.

Understand the numbers

Source: Willis Towers Watson’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.