Earnings summaries and quarterly performance for WILLIS TOWERS WATSON.
Executive leadership at WILLIS TOWERS WATSON.
Board of directors at WILLIS TOWERS WATSON.
Research analysts who have asked questions during WILLIS TOWERS WATSON earnings calls.
RC
Robert Cox
The Goldman Sachs Group, Inc.
6 questions for WTW
Also covers: AHL, AIG, AJG +13 more
EG
Elyse Greenspan
Wells Fargo
5 questions for WTW
Also covers: ACGL, AFL, AHL +30 more
MH
Mark Hughes
Truist Securities
5 questions for WTW
Also covers: AIZ, AJG, AMBC +41 more
Meyer Shields
Keefe, Bruyette & Woods
4 questions for WTW
Also covers: ACGL, AFG, AIG +24 more
Brian Meredith
UBS
3 questions for WTW
Also covers: ACGL, AIG, AIZ +17 more
CG
C. Gregory Peters
Raymond James
3 questions for WTW
Also covers: ACIC, AFG, AJG +19 more
David Motemaden
Evercore ISI
3 questions for WTW
Also covers: ACGL, AJG, ALL +16 more
KS
Katie Sakys
Autonomous Research
3 questions for WTW
Also covers: AJG, EG, GSHD +7 more
MM
Mark Marcon
Baird
3 questions for WTW
Also covers: ADP, AMN, ASGN +13 more
Michael Zaremski
BMO Capital Markets
3 questions for WTW
Also covers: ACGL, AFG, AIG +25 more
Andrew Andersen
Jefferies
2 questions for WTW
Also covers: ACGL, AFG, AHL +20 more
DM
David Motamedi
Evercore ISI
2 questions for WTW
PN
Paul Newsome
Piper Sandler Companies
2 questions for WTW
Also covers: AFG, AHL, AII +16 more
Ryan Tunis
Cantor Fitzgerald
2 questions for WTW
Also covers: ACGL, AJG, CB +8 more
YK
Yaron Kinar
Oppenheimer & Co. Inc.
2 questions for WTW
Also covers: ACGL, ALL, AXS +12 more
AK
Andrew Kligerman
TD Cowen
1 question for WTW
Also covers: ABL, ACGL, AJG +21 more
C[
Charlie [for Mike Zaremski]
BMO
1 question for WTW
Charlie Lederer
BMO Capital Markets
1 question for WTW
Also covers: AHL, AJG, ARX +4 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for WTW
Also covers: AFG, AIG, AON +15 more
Josh Shanker
Bank of America
1 question for WTW
Also covers: ACGL, ALL, AXS +11 more
Recent press releases and 8-K filings for WTW.
WTW reports Q4 2025 results and outlines 2026 outlook
WTW
Earnings
M&A
Guidance Update
- WTW delivered 6% organic growth, 80 bps adjusted operating margin expansion, and $8.12 adjusted EPS in Q4 2025; full-year results include 5% organic growth, 25.2% adjusted margin, and $17.08 adjusted EPS.
- Health, Wealth & Career achieved 6% Q4 organic growth with 30 bps margin expansion (ex-TRANZACT), while Risk & Broking recorded 7% Q4 organic growth and 120 bps margin expansion, led by high single-digit growth in CRB North America.
- Completed the Newfront acquisition on January 27, 2026; announced bolt-on deals for UK fintech pension provider Cushon (expected close H1 2026) and private equity specialist FlowStone Partners (expected close Q1 2026).
- 2026 guidance targets mid-single-digit organic growth, further operating margin and free cash flow margin expansion; plans >$1 billion share repurchases, ~$320 m interest expense, and $0.30 FX tailwind to adjusted EPS.
4 days ago
WTW announces Q4 2025 results
WTW
Earnings
Share Buyback
Dividends
- Reported Q4 GAAP revenue of $2.936 B (-3% YoY) with operating income of $1.016 B (+13%) and margin of 34.6% (+490 bps)
- Full year 2025 GAAP revenue of $9.708 B (-2%) and operating income of $2.234 B (+256%) for a 23.0% margin (+1,670 bps)
- Achieved 6% Q4 organic revenue growth and 5% full year organic growth (non-GAAP)
- Delivered adjusted diluted EPS of $8.12 in Q4 (+2%) and $17.08 for full year (+5%) (non-GAAP)
- Generated free cash flow of $1.546 B (15.9% margin) and returned capital through $1.65 B of share repurchases and $358 M of dividends in 2025
4 days ago
WTW reports Q4 2025 results
WTW
Earnings
M&A
Share Buyback
- WTW delivered 6% organic revenue growth in Q4 and expanded adjusted operating margin by 80 bps to 36.9%, achieving adjusted EPS of $8.12 (up 13% excluding TRANZACT)
- For full-year 2025, WTW achieved 5% organic growth, expanded adjusted operating margin to 25.2% (+130 bps), and reported adjusted diluted EPS of $17.08 (up 13% excluding TRANZACT)
- WTW completed the Newfront acquisition (Jan 27, 2026) and agreed to acquire UK fintech pension provider Cushon and private equity secondary specialist FlowStone Partners, with closings expected in H1 2026
- WTW returned $439 million to shareholders in Q4 (including $350 million in share repurchases) and $2 billion for the full year, and plans at least $1 billion of share repurchases in 2026
- For 2026, WTW expects mid-single-digit organic growth (mid-high in R&B, high in HWC), continued margin and free cash flow expansion, approx. $320 million interest expense, and a ~21.1% tax rate
4 days ago
WTW announces Q4 2025 results
WTW
Earnings
M&A
Share Buyback
- WTW reported 6% organic revenue growth in Q4, 80 bp expansion in adjusted operating margin to 36.9%, and adjusted EPS of $8.12, with EPS up 13% ex-TRANZACT.
- Full-year organic growth was 5%, adjusted operating margin expanded 130 bp to 25.2%, and adjusted diluted EPS was $17.08 (up 13% ex-TRANZACT).
- In Q4, Health, Wealth & Career grew 6% with 44.3% margin (+240 bp) and Risk & Broking grew 7% with 34.7% margin (+120 bp).
- The company closed the Newfront acquisition on January 27 and announced acquisitions of Cushon (expected H1 2026) and FlowStone (expected in Q1) to optimize its portfolio.
- Generated $1.5 billion of free cash flow (15.9% margin) in 2025, returned $2 billion to shareholders, and plans at least $1 billion of share repurchases in 2026; guides for mid-single-digit organic growth with continued margin and free cash flow expansion.
4 days ago
WTW reports Q4 and full-year 2025 earnings
WTW
Earnings
Share Buyback
Guidance Update
- WTW’s Q4 revenue was $2.9 billion, down 3% year-over-year with 6% organic growth; diluted EPS was $7.62 (adjusted $8.12).
- Full-year 2025 revenue totaled $9.7 billion, down 2% with 5% organic growth; diluted EPS was $16.26 (adjusted $17.08).
- Adjusted operating margin expanded to 36.9% in Q4 (+80 bps) and 25.2% for the full year (+130 bps).
- Generated $1.55 billion of free cash flow in 2025; repurchased $350 million in Q4 and $1.65 billion for the year, and paid $358 million in dividends.
- 2026 considerations include >$1.0 billion of share repurchases, ~100 bps annual margin expansion in Risk & Broking, and EPS headwinds of $0.30 from the Willis Re JV and $0.10 from the Newfront acquisition.
4 days ago
WTW reports Q4 and full year 2025 earnings
WTW
Earnings
Guidance Update
Share Buyback
- Q4 revenue was $2.94 B, down 3% y/y, with 6% organic growth; full-year revenue was $9.71 B, down 2% with 5% organic growth; operating margin was 34.6% in Q4 and 23.0% for the year.
- Q4 diluted EPS was $7.62 (adjusted $8.12), and full-year diluted EPS was $16.26 (adjusted $17.08).
- For 2026, WTW targets ~100 bps of annual margin expansion in Risk & Broking and incremental expansion in Health, Wealth & Career, and expects share repurchases of $1.0 B or more.
- Anticipated 2026 EPS drivers include a $0.30 headwind from the Willis Re JV, a $0.10 dilution from the Newfront acquisition, and a $0.30 FX tailwind.
4 days ago
WTW unveils new data center risk management model
WTW
Product Launch
- Willis launched an integrated eight-point digital infrastructure risk framework to address the full lifecycle of data center projects, reflecting a shift to systemic, interconnected risk management.
- The framework targets operational disruption, balance sheet protection, sustainable growth, cyber and data risk, compliance, supply-chain resilience, organizational transformation, and emerging strategic risks.
- Leveraging its work with top global developers and energy specialists, WTW advises on reliable power solutions—including Small Modular Reactors—for both construction and operations phases.
- WTW is offering tailored, multi-year insurance solutions, having already secured over $3 billion in capacity for hyperscale data center developments.
Jan 28, 2026, 3:43 PM
WTW completes acquisition of Newfront
WTW
M&A
- WTW completed the acquisition of Newfront Insurance Holdings on January 27, 2026, integrating a top-40 U.S. broker with AI-driven automation into its platform.
- Transaction expands its U.S. middle market presence and enhances capabilities in technology, fintech and life sciences industries.
- Newfront’s Business Insurance and Total Rewards segments now operate within WTW’s Risk & Broking and Health, Wealth & Career divisions, respectively.
- Newfront co-founder and CEO Spike Lipkin will lead integration, client development, talent acquisition and technology initiatives at WTW.
Jan 27, 2026, 5:43 PM
Willis Towers Watson completes acquisition of Newfront
WTW
M&A
- Willis Towers Watson completed the acquisition of San Francisco-based broker Newfront, integrating it into WTW as of Jan. 27, 2026.
- The deal expands WTW’s U.S. middle market capabilities and accelerates its technology and specialty strategies via Newfront’s AI and automation platforms.
- Newfront’s Business Insurance and Total Rewards segments now fall under WTW’s Risk & Broking and Health, Wealth & Career divisions, respectively, enabling a more integrated client offering.
- Newfront Co-Founder and CEO Spike Lipkin joined WTW’s leadership to focus on integration, client development, talent acquisition, and technology deployment.
Jan 27, 2026, 5:05 PM
Willis Towers Watson announces $775M term loan credit agreement
WTW
Debt Issuance
- On January 7, 2026, Willis Towers Watson PLC and its affiliates executed a $775 million Term Loan Credit Agreement to support the pending acquisition by Trinity Acquisition plc, with J.P. Morgan Securities PLC as sole lead arranger and JPMorgan Chase Bank, N.A. as administrative agent.
- The facility names Trinity Acquisition plc and its U.S. subsidiary, Willis North America Inc., as borrowers (with Willis Towers Watson PLC as guarantor) and includes key covenants: a maximum Consolidated Leverage Ratio of 3.50 to 1.00 and a minimum Consolidated Cash Interest Coverage Ratio of 4.00 to 1.00.
- The full credit agreement is filed as Exhibit 10.1 and the interactive XBRL cover page as Exhibit 104 in the Form 8-K.
Jan 9, 2026, 9:32 PM
Quarterly earnings call transcripts for WILLIS TOWERS WATSON.
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