Willis Towers Watson (WTW) financial statements

+243.4%since 2008
FY2025 revenue
$9.7B▼ −2.2%
FY2025 net income
$1.6B
FY2025 diluted EPS
$16.26
FY2025 free cash flow
$1.5B▲ +22.0%

Willis Towers Watson income statement

Willis Towers Watson income statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Revenue9,7089,9309,483
Operating income2,2346271,365
Pretax income1,9531021,276
Net income1,605-981,055
Diluted earnings per share16.26-0.969.95

Willis Towers Watson balance sheet

Willis Towers Watson balance sheet
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Cash and cash equivalents3,1324,9981,424
Total assets29,53027,68129,090
Total liabilities21,47819,66419,497
Total equity8,0528,0179,593
Long-term debt5,7565,3094,567

Willis Towers Watson cash flow statement

Willis Towers Watson cash flow statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Operating cash flow1,7751,5121,345
Capital expenditure-229-245-242
Free cash flow (derived)1,5461,2671,103
Dividends paid-358-354-352
Share repurchases-1,650-901-1,000

Quarterly highlights

Quarterly highlights
USD millionsQ3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025
Period ended30 Sep 202630 Jun 202631 Mar 202631 Dec 2025
Revenue (derived)2,4602,4662,4122,936
Operating income (derived)4293644481,016
Net income (derived)303229297735
Diluted earnings per share3.242.433.10n/a
Operating cash flow (derived)739484-10771
Total assets29,99630,55929,63729,530

Willis Towers Watson major shareholders

Willis Towers Watson major shareholders
HolderShare of classSharesFiled
Dodge & Cox8.5%8,025,39214 August 2026
BlackRock, Inc.7.6%7,595,67024 April 2025
Vanguard Capital Management7.5%7,106,08828 April 2026
Massachusetts Financial Services Company6.4%6,483,82213 February 2025
HARRIS ASSOCIATES L P5.9%5,613,08918 February 2026

Willis Towers Watson 10-K and SEC filings

Willis Towers Watson 10-K and SEC filings
FiledFormTypeDescription
3 November 20268-KCurrent reportCurrent report
29 October 202610-QQuarterly reportQuarterly report
29 October 20268-KCurrent reportFORM 8-K
30 July 202610-QQuarterly reportQuarterly report
30 July 20268-KCurrent reportFORM 8-K
21 May 20268-KCurrent reportCurrent report
30 April 202610-QQuarterly reportQuarterly report
30 April 20268-KCurrent reportFORM 8-K

Common questions

What was Willis Towers Watson's revenue in fiscal 2025?

Willis Towers Watson reported $9.7 billion in revenue for fiscal 2025, the year ended 31 December 2025, down 2.2% from fiscal 2024.

What was Willis Towers Watson's net income in fiscal 2025?

Willis Towers Watson reported net income of $1.6 billion for fiscal 2025, the year ended 31 December 2025. Diluted earnings per share were $16.26.

What was Willis Towers Watson's free cash flow in fiscal 2025?

Willis Towers Watson had $1.5 billion in free cash flow in fiscal 2025. Operating cash flow was $1.8 billion and capital expenditure was $229 million.

What were Willis Towers Watson's total assets at the end of fiscal 2025?

Willis Towers Watson reported total assets of $29.5 billion at the end of fiscal 2025, the year ended 31 December 2025.

How much Willis Towers Watson history does each plan include?

Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.