Willis Towers Watson (WTW)
Advises employers on people and capital while brokering commercial and specialty insurance.
$301.18
vs last close−5.64 (−1.84%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,166 | 2,914 | 2,341 | 2,265 | 2,289 | 3,035 | 2,223 | 2,261 | 2,288 | 2,936 | 2,412 | 2,466 |
| Cost of revenue | 396 | 533 | 1,342 | 1,397 | 1,396 | 1,367 | 1,324 | 1,449 | 1,413 | 1,439 | 1,819 | 0 |
| Gross profit | 1,770 | 2,381 | 999 | 868 | 893 | 1,668 | 899 | 812 | 875 | 1,497 | 593 | 2,466 |
| 1,611 | 1,602 | 719 | 656 | 1,659 | 767 | 467 | 444 | 457 | 481 | 145 | 2,102 | |
| −29 | 42 | 0 | −21 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 1,931 | |
| Selling & marketing | 0 | −12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | −29 | 54 | 0 | −21 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 1,931 |
| Other expenses | 1,640 | 1,560 | 719 | 677 | 1,630 | 767 | 467 | 444 | 457 | 481 | 145 | 171 |
| Operating income | 159 | 779 | 280 | 212 | −766 | 901 | 432 | 368 | 418 | 1,016 | 448 | 364 |
| 5 | −40 | −38 | −44 | −1,228 | 787 | −128 | −57 | −35 | −83 | −72 | −72 | |
| Interest expense | 61 | 63 | 64 | 68 | 65 | 66 | 65 | 64 | 65 | 66 | 77 | 78 |
| Other non-operating income | −66 | −23 | −26 | −23 | −1,120 | −853 | 64 | −9 | −37 | −19 | 0 | −6 |
| Income before tax | 164 | 739 | 242 | 168 | −1,994 | 1,688 | 304 | 311 | 383 | 933 | 376 | 292 |
| Income tax expense | 25 | 116 | 48 | 26 | −322 | 440 | 65 | −21 | 77 | 197 | 70 | 57 |
| Net income from continuing operations | 139 | 623 | 194 | 142 | −1,672 | 1,248 | 239 | 332 | 306 | 736 | 306 | 235 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −4 |
| Net income | 136 | 622 | 190 | 141 | −1,675 | 1,246 | 235 | 331 | 304 | 735 | 297 | 229 |
| EPS, basic | $1.30 | $6.02 | $1.84 | $1.37 | −$16.42 | $12.34 | $2.35 | $3.34 | $3.10 | $7.66 | $3.12 | $2.43 |
| EPS, diluted | $1.29 | $5.98 | $1.83 | $1.36 | −$16.42 | $12.22 | $2.33 | $3.31 | $3.11 | $7.62 | $3.10 | $2.43 |
| Weighted average shares, basic | 105 | 103 | 103 | 103 | 102 | 101 | 100 | 100 | 99 | 96 | 95 | 94 |
| Weighted average shares, diluted | 105 | 104 | 104 | 103 | 102 | 102 | 101 | 100 | 100 | 97 | 96 | 94 |
| EBITDA | 347 | 920 | 425 | 352 | 470 | 1,858 | 470 | 483 | 558 | 1,144 | 504 | 480 |
| Depreciation & amortization | 122 | 118 | 119 | 117 | 116 | 104 | 102 | 106 | 103 | 109 | 56 | 110 |
| EBIT | 225 | 802 | 306 | 235 | 354 | 1,754 | 368 | 377 | 455 | 1,035 | 448 | 370 |
