Willis Towers Watson PLC (WTW)
Willis Towers Watson PLC brought in $10.3B of revenue over the twelve months to September 30, 2026, up 4.8% from a year earlier. Net income was $1.6B, a net margin of 15.2%. Operating cash flow minus capital spending left $1.5B of free cash flow in fiscal 2025. At September 30, 2026 it held $1.9B in cash against $6.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Willis Towers Watson PLC
- Net worth
- Willis Towers Watson PLC has a market value (market cap) of $30.4B at the latest share price, and shareholders' equity of $7.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $9.7B (-2.2% year on year), with net income of $1.6B. Over the 12 months to September 30, 2026: revenue $10.3B, net income $1.6B.
- Cash flow
- In fiscal 2025 operations brought in $1.8B of cash; after $229M of capital spending, free cash flow was $1.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Willis Towers Watson PLC's next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Willis Towers Watson PLC declared dividends of $3.68 per share in fiscal 2025, a yield of 1.13% at the current price.
What Willis Towers Watson PLC does
Willis Towers Watson PLC is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NASDAQ under the ticker WTW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $9.7B | $1.6B | $16.26 | $1.5B |
| 2024 | $9.9B | -$98M | -$0.96 | $1.3B |
| 2023 | $9.5B | $1.1B | $9.95 | $1.1B |
| 2021 | $8.9B | $1B | $8.98 | n/a |
| 2021 | $9B | $4.2B | $32.78 | n/a |
| 2020 | $8.6B | $996M | $7.65 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WTW ranks in Finance
Dividends
Willis Towers Watson PLC declared $3.68 per share in fiscal 2025. At the current price that is a yield of 1.13%. It paid out $358M in cash dividends, 22% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.68 | $358M | 22% |
| 2024 | $3.52 | $354M | n/a |
| 2023 | $3.36 | $352M | 33% |
| 2021 | $3.28 | $369M | 37% |
| 2021 | $3.02 | $374M | 9% |
| 2020 | $2.75 | $346M | 35% |
Latest SEC filings
What Willis Towers Watson PLC has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7.5% to $2.5B versus the same quarter last year; diluted EPS $3.24 versus $3.11.
- October 29, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 9.1% to $2.5B versus the same quarter last year; diluted EPS $2.43 versus $3.32.
- July 30, 2026
- May 26, 2026
- May 22, 2026Form S-8 POS filing S-8 POS
- May 21, 2026
What is WTW worth? A DCF from its reported cash flow
Insider trades
What the people running Willis Towers Watson PLC did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 12 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 20, 2026 | Clarke LucyPresident of Risk & Broking | Shares withheld for tax | 6 | $1.7K |
| October 15, 2026 | Banas Kristy DChief Human Resources Officer | Received as pay | 5 | - |
| October 15, 2026 | Clarke LucyPresident of Risk & Broking | Received as pay | 38 | - |
| October 15, 2026 | Faber AlexisChief Operating Officer | Received as pay | 5 | - |
| October 15, 2026 | Furman MatthewGeneral Counsel | Received as pay | 6 | - |
| October 15, 2026 | Gebauer Julie JareckePres.-Health, Wealth & Career | Received as pay | 11 | - |
| October 15, 2026 | Hess Carl AaronChief Executive Officer, Director | Received as pay | 48 | - |
| October 15, 2026 | Krasner Andrew JayChief Financial Officer | Received as pay | 14 | - |
Who owns WTW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dodge & Cox13G, passive | 8.5% | August 13, 2026 |
| Vanguard Capital Management13G, passive | 7.54% | April 28, 2026 |
| Massachusetts Financial Services Company ("MFS")13G, passive | 7.4% | November 12, 2024 |
| Massachusetts Financial Services Company13G, passive | 6.4% | February 13, 2025 |
| Artisan Partners Asset Management Inc.13G, passive with 3 related filers | 5.9% | August 13, 2026 |
| Harris Associates L P13G, passive with 1 related filers | 5.9% | February 17, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 689 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Eagle Investment Management, LLC | 8,951,720 | +4,612,359 |
| Massachusetts Financial Services Co | 5,491,383 | -376,150 |
| BlackRock, Inc. | 8,314,002 | +200,776 |
| Dodge & Cox | 8,025,392 | +692,978 |
| Vanguard Capital Management LLC | 6,174,220 | +9,367 |
| Harris Associates L P | 5,908,033 | -109,649 |
| Artisan Partners Limited Partnership | 5,541,048 | +1,754,431 |
| State Street Corp | 4,315,443 | +98,608 |
| Vanguard Portfolio Management LLC | 4,064,712 | +7,722 |
| Geode Capital Management, LLC | 2,601,654 | +11,682 |
| Fmr LLC | 2,215,896 | +62,168 |
| Invesco Ltd. | 2,171,679 | -155,722 |
| Norges Bank | 1,433,866 | new |
| Northern Trust Corp | 1,049,080 | -49,805 |
| Arrowstreet Capital, Limited Partnership | 1,022,261 | +706,103 |
| Dimensional Fund Advisors LP | 1,005,711 | +5,153 |
| Bank of Montreal | 933,387 | +36,368 |
| Jupiter Topco LLC | 916,295 | new |
| Morgan Stanley | 834,440 | +19,772 |
| Goldman Sachs Group Inc | 769,245 | -166,499 |
Insiders
18 insiders reported holding 340,219 shares in total, about $111.3M at the last price.
| Holder | Shares |
|---|---|
| Hess Carl AaronChief Executive Officer, Director | 117,577 |
| Gebauer Julie JareckePres.-Health, Wealth & Career | 78,039 |
| Furman MatthewGeneral Counsel | 35,565 |
| Pullum AnneCo-Head of Corporate Dev. | 22,452 |
| Clarke LucyPresident of Risk & Broking | 20,872 |
| Krasner Andrew JayChief Financial Officer | 16,47311,988 held indirectly |
| Banas Kristy DChief Human Resources Officer | 11,368 |
| Faber AlexisChief Operating Officer | 10,754 |
| Chima Fumbi F.Director | 4,315 |
| Reilly Paul CDirector | 3,146 |
Questions about WTW
What does Willis Towers Watson PLC do?
Willis Towers Watson PLC is a company in the Finance sector, listed on NASDAQ as WTW. Its shares trade on NASDAQ under the ticker WTW.
What is Willis Towers Watson PLC's net worth?
Willis Towers Watson PLC has a market value (market cap) of $30.4B at the latest share price, and shareholders' equity of $7.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Willis Towers Watson PLC profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.6B on revenue of $10.3B, a net margin of 15.2%.
How much revenue does Willis Towers Watson PLC make?
Over the twelve months to September 30, 2026 Willis Towers Watson PLC reported revenue of $10.3B. That is 4.8% more than a year earlier.
When did Willis Towers Watson PLC last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 3, 2026.
When is Willis Towers Watson PLC's next earnings report?
Willis Towers Watson PLC's next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Willis Towers Watson PLC pay a dividend?
Yes. Willis Towers Watson PLC declared dividends of $3.68 per share in fiscal 2025, a yield of 1.13% at the current price.
Similar companies
Compare WTW with
Follow WTW
Get an email when Willis Towers Watson PLC files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Willis Towers Watson PLC tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.