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WTW · XBRL financial data

Willis Towers Watson financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (WTW's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue2,914*2,3412,2652,2893,035*2,2232,2612,2882,936*2,4122,4662,460
Revenue from contracts with customers2,859*2,2952,2192,2382,987*2,1802,2152,2402,881*2,3632,4282,404
Operating income (loss)779*280212(766)901*4323684181,016*448364429
Interest expense63*64686566*65646566*777880
Other income (expense)23*2624(1,163)853*(64)937(3)*5652
Income tax expense (benefit)116*4826(322)440*65(21)77197*705779
Net income (loss)622*190141(1,675)1,246*235331304735*297229303
Earnings per share, basic USD per share6.15*1.841.37(16.44)—2.343.343.127.73*3.122.433.25
Earnings per share, diluted USD per share5.98*1.831.36(16.44)—2.333.323.117.57*3.102.433.24
Weighted average shares, basic millions of shares101*103103102100*100999895*959493
Weighted average shares, diluted millions of shares104*10410310299*1011009897*969494

Balance sheet

CSV

Fiscal quarters (WTW's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents1,4241,8931,2471,3721,8901,5071,9631,8953,1321,8551,6271,946
Marketable securities————0—252525—3432
Accounts receivable2,5722,4302,4252,1182,4942,3662,3642,1892,7022,6482,6032,462
Prepaid and other current assets3643794325581,2171,295558570595601669669
Total current assets13,43314,64214,02914,31315,10515,46115,60514,62116,87416,08516,74516,134
Property and equipment, net720703709710661667696686695671675665
Right-of-use asset565542536539485487495480487499474474
Goodwill10,19510,18610,1848,8828,7998,8418,9388,9368,9389,6629,7359,778
Total assets29,09030,23729,62227,16827,68128,06428,47827,43929,53029,63730,55929,996
Current portion of long-term debt6506500005495495505500749749
Total current liabilities12,63013,11812,67412,53512,59813,38413,87113,24314,00413,54715,24514,618
Long-term debt4,5675,3075,3075,3085,3094,7614,7624,7635,7566,3045,7815,783
Lease liability, non-current592570564556502498500475472485454448
Total liabilities19,49720,66920,20719,59819,66419,85020,29819,62921,47821,57822,78922,156
Retained earnings (accumulated deficit)1,4661,4641,315(650)10951(206)(593)(296)(392)(699)(707)
Total stockholders' equity9,5209,4899,3377,4927,9408,1338,1007,7357,9767,9777,6887,764
Total liabilities and equity29,09030,23729,62227,16827,68128,06428,47827,43929,53029,63730,55929,996
Common shares outstanding (cover page) millions of shares10210210210110099989695949392

Cash flows

CSV

Fiscal quarters (WTW's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)622*190141(1,675)1,246*235331304735*297229303
Stock-based compensation38*2430*31*36*3731*36*49*4267*70*
Net cash from operating activities522*24407*482*599*(35)361*678*771*(10)484*739*
Net cash from investing activities(55)*(74)(84)*(72)*480*(84)696*(82)*(83)*(840)(336)*(89)*
Proceeds from issuing common stock0*———year only———————
Share repurchases196*101200*205*395*200500*600*350*300450*220*
Dividends paid87*8690*89*89*8891*90*89*8890*89*
Repayments of long-term debt1*1651*1*2*11*2*1*5511*0*
Net cash from financing activities(472)*1,556(1,192)*(159)*(664)*24(824)*(511)*375*(203)(408)*(430)*

Compare with peers

SIC 6411 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 6411 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingQuarter
Willis Towers Watson1,9462,404739*92.2M 10-QSep 30, 2026
Brown & Brown1,0991,725532*331.7M 10-QSep 30, 2026
Equitable Holdings17,1831,658643*273.0M 10-QJun 30, 2026
Arthur J. Gallagher1,3864,00310*256.3M 10-QJun 30, 2026
Aon2,0174,1011,191*212.2M 10-QSep 30, 2026
Erie Indemnity3631,070213*not reported 10-QSep 30, 2026
Ryan Specialty Holdings169775181*not reported 10-QSep 30, 2026
Marsh & McLennan Companies1,8426,8631,478*475.5M 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.