Revenue
2.46 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 2460000000 USD Source
Fundies. English
WILLIS TOWERS WATSON PLC
EDGARAnnual consolidated revenue for 2025: about USD 9.708B, using the latest reported figures. The previous period, 2024, was about USD 9.93B.
Latest quarter
Operating margin
17.44%
2026 Q3 · %
Operating cash flow
739 million USD
2026 Q3 · USD
- Cash and cash equivalents
- 1.95 billion USD Source
Exact value
1946000000 USD
- Long-term debt including current maturities
- 9.69 billion USD Source
Exact value
9685000000 USD
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
10.3 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
1.56 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
1.98 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 1775000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 1004000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -10000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 474000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -10000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 1213000000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 474000000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-29.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- Capital expenditure: 1 of 11 periods available· newest 2015-12-31
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-2.2%Prior period
USD 9.93 billion
–
Current period
USD 9.71 billion
–
Exact inputs and evidence
9708000000 − 9930000000 = -222000000 USD
9930000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source9708000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 1.7 billionPrior period
−USD 98 million
–
Current period
USD 1.61 billion
–
Exact inputs and evidence
1605000000 − -98000000 = 1703000000 USD
-98000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1605000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+17.4%Prior period
USD 1.51 billion
–
Current period
USD 1.78 billion
–
Exact inputs and evidence
1775000000 − 1512000000 = 263000000 USD
1512000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1775000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 9.71 billion 100% of revenue
- Operating costs Derived USD 7.47 billion 77% of revenue
- Operating income USD 2.23 billion 23% of revenue
- Tax, interest and other Derived USD 629 million 6.5% of revenue
- Net income USD 1.61 billion 17% of revenue
Cash
- Operating cash flow USD 1.78 billion 18% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Net income was higher than operating income, so the split is not drawn.
- 2017 Net income was higher than operating income, so the split is not drawn.
- 2018 90%
- 2019 12%87%
- 2020 Net income was higher than operating income, so the split is not drawn.
- 2021 Net income was higher than operating income, so the split is not drawn.
- 2022 11%87%
- 2023 11%86%
- 2024 Net loss: net income was −1% of revenue.
- 2025 17%77%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 7887000000 | 7539000000 Derived | 348000000 | -72000000 Derived | 420000000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 8202000000 | 7686000000 Derived | 516000000 | -52000000 Derived | 568000000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 8513000000 | 7704000000 Derived | 809000000 | 114000000 Derived | 695000000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 8370000000 | 7316000000 Derived | 1054000000 | 10000000 Derived | 1044000000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 8615000000 | 7756000000 Derived | 859000000 | -137000000 Derived | 996000000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 8998000000 | 6796000000 Derived | 2202000000 | -2020000000 Derived | 4222000000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 8866000000 | 7688000000 Derived | 1178000000 | 169000000 Derived | 1009000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 9483000000 | 8118000000 Derived | 1365000000 | 310000000 Derived | 1055000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 9930000000 | 9303000000 Derived | 627000000 | 725000000 Derived | -98000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 9708000000 | 7474000000 Derived | 2234000000 | 629000000 Derived | 1605000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 9.7B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 7887000000 |
|
| 2017 | Revenue | 8202000000 |
|
| 2018 | Revenue | 8513000000 |
|
| 2019 | Revenue | 8370000000 |
|
| 2020 | Revenue | 8615000000 |
|
| 2021 | Revenue | 8998000000 |
|
| 2022 | Revenue | 8866000000 |
|
| 2023 | Revenue | 9483000000 |
|
| 2024 | Revenue | 9930000000 |
|
| 2025 | Revenue | 9708000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-2.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 106% |
|
| 2017 | Year over year | 4% |
|
| 2018 | Year over year | 3.8% |
|
| 2019 | Year over year | -1.7% |
|
| 2020 | Year over year | 2.9% |
|
| 2021 | Year over year | 4.4% |
|
| 2022 | Year over year | -1.5% |
|
| 2023 | Year over year | 7% |
|
| 2024 | Year over year | 4.7% |
|
| 2025 | Year over year | -2.2% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 23% 2025
Net margin 16.5% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 4.4% |
|
| 2017 | Operating margin | 6.3% |
|
| 2018 | Operating margin | 9.5% |
|
| 2019 | Operating margin | 12.6% |
|
| 2020 | Operating margin | 10% |
|
| 2021 | Operating margin | 24.5% |
|
| 2022 | Operating margin | 13.3% |
|
| 2023 | Operating margin | 14.4% |
|
| 2024 | Operating margin | 6.3% |
|
| 2025 | Operating margin | 23% |
|
| 2016 | Net margin | 5.3% |
|
| 2017 | Net margin | 6.9% |
|
| 2018 | Net margin | 8.2% |
|
| 2019 | Net margin | 12.5% |
|
| 2020 | Net margin | 11.6% |
|
| 2021 | Net margin | 46.9% |
|
| 2022 | Net margin | 11.4% |
|
| 2023 | Net margin | 11.1% |
|
| 2024 | Net margin | -1% |
|
| 2025 | Net margin | 16.5% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 1.8B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 933000000 |
|
| 2017 | Operating cash flow | 862000000 |
|
| 2018 | Operating cash flow | 1288000000 |
|
| 2019 | Operating cash flow | 1081000000 |
|
| 2020 | Operating cash flow | 1774000000 |
|
| 2021 | Operating cash flow | 2061000000 |
|
| 2022 | Operating cash flow | 812000000 |
|
| 2023 | Operating cash flow | 1345000000 |
|
| 2024 | Operating cash flow | 1512000000 |
|
| 2025 | Operating cash flow | 1775000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
72.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 66.2% |
|
| 2017 | Liabilities / assets | 68.3% |
|
| 2018 | Liabilities / assets | 69.1% |
|
| 2019 | Liabilities / assets | 70.7% |
|
| 2020 | Liabilities / assets | 71.6% |
|
| 2021 | Liabilities / assets | 61.9% |
|
| 2022 | Liabilities / assets | 68.2% |
|
| 2023 | Liabilities / assets | 67% |
|
| 2024 | Liabilities / assets | 71% |
|
| 2025 | Liabilities / assets | 72.7% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.2× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.03× |
|
| 2017 | Current assets / current liabilities | 1.07× |
|
| 2018 | Current assets / current liabilities | 1.07× |
|
| 2019 | Current assets / current liabilities | 1.06× |
|
| 2020 | Current assets / current liabilities | 1.05× |
|
| 2021 | Current assets / current liabilities | 1.26× |
|
| 2022 | Current assets / current liabilities | 1.07× |
|
| 2023 | Current assets / current liabilities | 1.06× |
|
| 2024 | Current assets / current liabilities | 1.2× |
|
| 2025 | Current assets / current liabilities | 1.2× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 420 million Exact valueExact value: 420000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 933 million Exact valueExact value: 933000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 568 million Exact valueExact value: 568000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 862 million Exact valueExact value: 862000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 695 million Exact valueExact value: 695000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.29 billion Exact valueExact value: 1288000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 1.04 billion Exact valueExact value: 1044000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.08 billion Exact valueExact value: 1081000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 996 million Exact valueExact value: 996000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.77 billion Exact valueExact value: 1774000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 4.22 billion Exact valueExact value: 4222000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.06 billion Exact valueExact value: 2061000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 1.01 billion Exact valueExact value: 1009000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 812 million Exact valueExact value: 812000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 1.06 billion Exact valueExact value: 1055000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.35 billion Exact valueExact value: 1345000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | −USD 98 million Exact valueExact value: -98000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.51 billion Exact valueExact value: 1512000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 1.61 billion Exact valueExact value: 1605000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.78 billion Exact valueExact value: 1775000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
148 filings · 20,270 latest values · 20,270 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001140536, 1140536, WLTW, WSH, WTW, edgar:1140536
Also known as WILLIS GROUP HOLDINGS LTD, WILLIS GROUP HOLDINGS PLC, WILLIS TOWERS WATSON PLC, Willis Towers Watson PLC, Willis Towers Watson Plc.