Willis Towers Watson Public revenue and financials
$291.98Change from previous close: +1.34%Absolute change: +$3.87
In the fiscal year ended December 2025, Willis Towers Watson Public reported revenue of $9.71B (−2.24% year over year). Net income was $1.61B, a net margin of 16.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −2.24%
- 2025 vs 2024
- Net margin
- 16.5%
- 2024: -1.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,775 | 1,512 | 1,345 | 812 | 2,061 | 1,774 | 1,081 | 1,288 | 862 | 933 |
| Depreciation and amortization | 226 | 230 | 242 | 255 | 281 | 308 | 240 | 213 | 252 | 178 |
| Capital expenditure | -229 | -245 | -242 | -138 | -148 | — | — | -268 | -300 | -218 |
| Investing cash flow | 447 | 250 | -1,085 | -173 | 2,570 | — | — | — | — | — |
| Financing cash flow | -936 | -459 | -1,200 | -3,445 | -3,114 | — | — | — | — | — |
| Dividends paid | -358 | -354 | -352 | -369 | -374 | -346 | -329 | -306 | -277 | -199 |
| Share repurchases | -1,650 | -901 | -1,000 | -3,530 | -1,627 | 0.0 | -150 | -602 | -532 | -396 |
| Debt issued | 999 | 746 | 748 | 750 | — | — | — | — | — | — |
| Debt repaid | -5.0 | -655 | -254 | -585 | — | — | — | — | — | — |
| Effect of exchange rates | 203 | -97.0 | 11.0 | -164 | -127 | — | — | — | — | — |
| Net change in cash | 1,489 | 1,206 | -929 | -2,970 | 1,390 | — | — | — | — | — |
| Free cash flow | 1,546 | 1,267 | 1,103 | 674 | 1,913 | — | — | — | — | — |
| Levered free cash flow | 1,919 | 964 | 1,461 | 1,135 | 1,722 | — | — | — | — | — |