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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,466 | 2,412 | 2,936 | 2,288 | 2,261 | 2,223 | 3,035 | 2,289 | 2,265 | 2,341 | 2,914 | 2,166 |
| Cost of revenue | 1,543 | 1,428 | 1,435 | 1,401 | 1,436 | 1,399 | 1,368 | 1,374 | 1,376 | 1,320 | 1,298 | 1,330 |
| Gross profit | 923 | 984 | 1,501 | 887 | 825 | 824 | 1,667 | 915 | 889 | 1,021 | 1,616 | 836 |
| Selling, general and administrative | 41.0 | 39.0 | 43.0 | 39.0 | 35.0 | 39.0 | 16.0 | 42.0 | 45.0 | 56.0 | 19.0 | 55.0 |
| Operating income | 433 | 495 | 1,039 | 432 | 383 | 357 | 1,045 | 380 | 333 | 445 | 965 | 318 |
| EBIT | 433 | 495 | 1,039 | 432 | 383 | 357 | 1,045 | 380 | 333 | 445 | 965 | 318 |
| EBITDA | 540 | 597 | 1,146 | 534 | 489 | 459 | 1,147 | 496 | 450 | 564 | 1,093 | 440 |
| Interest expense | 78.0 | 77.0 | 66.0 | 65.0 | 64.0 | 65.0 | 66.0 | 65.0 | 68.0 | 64.0 | 63.0 | 61.0 |
| Pre-tax income | 288 | 373 | 933 | 383 | 311 | 304 | 1,688 | -1,994 | 168 | 242 | 739 | 164 |
| Income tax | 57.0 | 70.0 | 197 | 77.0 | -21.0 | 65.0 | 440 | -322 | 26.0 | 48.0 | 116 | 25.0 |
| Net income | 229 | 297 | 735 | 304 | 331 | 235 | 1,246 | -1,675 | 141 | 190 | 622 | 136 |
| Net income to common shareholders | 229 | 297 | 735 | 304 | 331 | 235 | 1,246 | -1,675 | 141 | 190 | 622 | 136 |
| Basic EPS | 2.44 | 3.13 | 7.66 | 3.10 | 3.34 | 2.35 | 12.34 | -16.42 | 1.37 | 1.84 | 6.04 | 1.30 |
| Diluted EPS | 2.43 | 3.10 | 7.58 | 3.10 | 3.32 | 2.33 | 12.28 | -16.44 | 1.36 | 1.83 | 5.96 | 1.29 |
| Average shares (basic) | 94.0 | 95.0 | 96.0 | 98.0 | 99.0 | 100 | 101 | 102 | 103 | 103 | 103 | 105 |
| Average shares (diluted) | 94.0 | 96.0 | 97.0 | 98.0 | 100 | 101 | 102 | 102 | 103 | 104 | 104 | 105 |
| Dividend per share | — | 0.96 | 0.96 | 0.92 | 0.92 | 0.92 | 0.92 | 0.88 | 0.88 | 0.88 | 0.88 | 0.84 |