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Companies / Financials / Willis Towers Watson
WTW

Willis Towers Watson

FinancialsInsuranceS&P 500
Ticker WTWLONDON ENGLAND, X0Fiscal year ends DecemberBook value per share $80.93Diluted shares 95.0M

Willis Towers Watson Public Limited Company (Nasdaq: WTW) is a global advisory, broking and solutions company serving organizations across more than 140 countries and markets. It provides consulting, technology, insurance brokerage, benefits administration and investment services to multinational corporations,… From the company’s description.

In fiscal 2025, Willis Towers Watson reported revenue of $9.71B, down 2.2% from fiscal 2024, and net income of $1.61B. Its operating margin was 23.0%, and operations generated $1.77B in cash. Over the twelve months to Jun 30, 2026, revenue was $10.10B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.71BFY2025
−2.2% year over year
Last 12 mo $10.10B
23.01%FY2025
+16.7 percentage points
Last 12 mo 22.23%
$1.61BFY2025
+1933.0% year over year
Last 12 mo $1.58B
20.12%FY2025
+33.1 percentage points
Last 12 mo 20.36%
Cash & financing
$1.77BFY2025
+17.4% year over year
Last 12 mo $1.92B
$1.55BFY2025
+10.2% year over year
Last 12 mo $1.69B
0.79FY2025
Was 0.67× a year earlier
Last 12 mo 0.85
99.0MFY2025
−2.9% year over year
Last 12 mo 95.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Willis Towers Watson does

In the company’s own words

Willis Towers Watson Public Limited Company (Nasdaq: WTW) is a global advisory, broking and solutions company serving organizations across more than 140 countries and markets. It provides consulting, technology, insurance brokerage, benefits administration and investment services to multinational corporations, middle-market businesses, insurers, government agencies and nonprofit institutions. The company is not an insurer and does not underwrite risks for its own account. Its two reportable segments are Health, Wealth & Career, which generated 55% of 2025 revenue, and Risk & Broking, which generated 45%. Health, Wealth & Career advises on employee health and benefits, retirement and investment plans, compensation, talent and employee experience, and administers benefits. Risk & Broking places insurance and provides risk consulting, analytics and technology to businesses and insurers. Major offerings include the LifeSight retirement platform and the U.S. individual and Medicare insurance marketplace. WTW had approximately 46,900 colleagues as of December 31, 2025; its business traces to the 2016 merger of Willis Group Holdings and Towers Watson. Its website is www.wtwco.com.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
LONDON ENGLAND, X0
Fiscal year end
December
CIK
1140536
SIC
6411

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.11B$1.95B$5.01B$8.06B$11.12B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Willis Towers Watson — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

250
funds hold it
3 of 35
superinvestors hold it
$6.27B
held by funds, at market
26.0%
of shares held by funds

Superinvestors in Willis Towers Watson · what they did last quarter

Bill NygrenDECREASED -1.8%
Harris Associates (Oakmark)
2.1%of 13F portfolio
David AbramsUNCHANGED
Abrams Capital Management
3.4%of 13F portfolio
Polen CapitalDECREASED -33.8%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Willis Towers Watson’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.83%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
Dodge & Cox International Stock Fund
DODFX · Dodge & Cox Funds
0.81%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.24%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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