WILLIS TOWERS WATSON PLC
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WTW FY 2025 request
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/api/financials?ticker=WTW&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 9,708 | 9,930 | -2.2% |
Show Business Segments breakouts |
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| Corporate | 34 | 33 | +3.0% |
| HWC [Member] | 5,328 | 5,846 | -8.9% |
| HWC [Member] · Operating Segments | 5,254 | 5,777 | -9.1% |
| R&B [Member] | 4,346 | 4,051 | +7.3% |
| R&B [Member] · Operating Segments | 4,334 | 4,038 | +7.3% |
Show Geography breakouts |
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| GB | 2,065 | 1,859 | +11.1% |
| IE | 143 | 131 | +9.2% |
| Rest of World [Member] | 2,996 | 2,812 | +6.5% |
| Total Foreign Countries [Member] | 9,565 | 9,799 | -2.4% |
| US | 4,504 | 5,128 | -12.2% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 120 | 115 | +4.3% |
| Operating Segments | 9,588 | 9,815 | -2.3% |
| Revenue | 9,516 | 9,739 | -2.3% |
Show Product Lines breakouts |
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| Broking [Member] | 4,334 | 4,809 | -9.9% |
| Broking [Member] · HWC [Member] | 882 | 1,613 | -45.3% |
| Broking [Member] · R&B [Member] | 3,452 | 3,196 | +8.0% |
| Consulting [Member] | 3,285 | 3,066 | +7.1% |
| Consulting [Member] · Corporate | 1 | 2 | -50.0% |
| Consulting [Member] · HWC [Member] | 2,849 | 2,668 | +6.8% |
| Consulting [Member] · R&B [Member] | 435 | 396 | +9.8% |
| Outsourced administration [Member] | 1,165 | 1,167 | -0.2% |
| Outsourced administration [Member] · HWC [Member] | 1,096 | 1,091 | +0.5% |
| Outsourced administration [Member] · R&B [Member] | 69 | 76 | -9.2% |
| Product And Service Other | 644 | 606 | +6.3% |
| Product And Service Other · HWC [Member] | 390 | 363 | +7.4% |
| Product And Service Other · R&B [Member] | 254 | 243 | +4.5% |
| Service | 9,428 | 9,648 | -2.3% |
| Service · Corporate | 1 | 2 | -50.0% |
| Service · Corporate | 1 | 2 | -50.0% |
| Service · Corporate | 1 | 2 | -50.0% |
| Service · Europe | 3,645 | 3,291 | +10.8% |
| Service · HWC [Member] | 1,637 | 1,475 | +11.0% |
| Service · HWC [Member] | 3,054 | 3,780 | -19.2% |
| Service · HWC [Member] | 526 | 480 | +9.6% |
| Service · HWC [Member] | 5,217 | 5,735 | -9.0% |
| Service · HWC [Member] | 5,217 | 5,735 | -9.0% |
| Service · International [Member] | 1,178 | 1,089 | +8.2% |
| Service · North America | 4,605 | 5,268 | -12.6% |
| Service · Operating Segments | 9,428 | 9,648 | -2.3% |
| Service · R&B [Member] | 2,008 | 1,816 | +10.6% |
| Service · R&B [Member] | 1,550 | 1,486 | +4.3% |
| Service · R&B [Member] | 652 | 609 | +7.1% |
| Service · R&B [Member] | 4,210 | 3,911 | +7.6% |
| Service · R&B [Member] | 4,210 | 3,911 | +7.6% |
Show Business Segments breakouts |
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| Corporate | 3 | 11 | -72.7% |
| HWC [Member] | 5,291 | 5,804 | -8.8% |
| R&B [Member] | 4,222 | 3,924 | +7.6% |
| Total Costs & Expenses | 7,474 | 9,303 | -19.7% |
| Operating Expenses (FY) | — | — | — |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 3,573 | 4,060 | -12.0% |
| R&B [Member] · Operating Segments | 3,262 | 3,080 | +5.9% |
Show Consolidation Items breakouts |
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| Operating Segments | 6,835 | 7,140 | -4.3% |
| Operating Income | 2,234 | 627 | +256.3% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 1,681 | 1,717 | -2.1% |
| R&B [Member] · Operating Segments | 1,072 | 958 | +11.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 2,234 | 627 | +256.3% |
| Operating Segments | 2,753 | 2,675 | +2.9% |
| Other Non-Operating Income (Expense) | -21 | -262 | +92.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -21 | -262 | +92.0% |
| Income Before Taxes | 1,953 | 102 | +1814.7% |
| Income Tax Expense (Benefit) | -318 | -192 | -65.6% |
| Net Income | 1,605 | -98 | +1737.8% |
| Comprehensive Income | 1,929 | -400 | +582.2% |
| Other Comprehensive Income (FY) | — | — | — |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -91 | -94 | +3.2% |
| Accumulated Other Comprehensive Income | 324 | -302 | +207.3% |
| Accumulated Translation Adjustment | 412 | -204 | +302.0% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | 3 | -4 | +175.0% |
| EPS (Basic) | 16.34 | -0.96 | +1802.1% |
| EPS (Diluted) | 16.26 | -0.96 | +1793.8% |
| Wtd Avg Shares (Basic) | 98 | 102 | -3.9% |
| Wtd Avg Shares (Diluted) | 99 | 102 | -2.9% |
| Interest And Other Income | 192 | 191 | +0.5% |
Show Business Segments breakouts |
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| Corporate | 31 | 22 | +40.9% |
| HWC [Member] | 37 | 42 | -11.9% |
| R&B [Member] | 124 | 127 | -2.4% |
| Interest Expense | -260 | -263 | +1.1% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -260 | -263 | +1.1% |
Show Credit Facility breakouts |
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| Revolving Credit Facility | -3 | -3 | 0.0% |
Show Long-Term Debt Type breakouts |
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| Notes Payable Other Payables | -1 | -4 | +75.0% |
| Senior Notes | -256 | -256 | 0.0% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 1,953 | 102 | +1814.7% |
Show Income Tax Authority breakouts |
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| Domestic Country · Revenue Commissioners Ireland | 23 | 22 | +4.5% |
| Foreign Country · Her Majestys Revenue And Customs HMRC | 203 | 384 | -47.1% |
| Foreign Country · Internal Revenue Service IRS | 457 | -1,469 | +131.1% |
| Foreign Country · Rest of World [Member] | 1,270 | 1,165 | +9.0% |
| Income Loss From Equity Method Investments | -22 | 2 | -1200.0% |
| Labor And Related Expense | 5,625 | 5,502 | +2.2% |
| Net Income Loss Attributable To Noncontrolling Interest | -8 | -10 | +20.0% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,132 | 1,890 | +65.7% |
Show Legal Entity breakouts |
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| Willis Limited [Member] · Minimum | 100 | — | — |
| Accounts Receivable | 2,702 | 2,494 | +8.3% |
| Prepaid Expenses & Other Current Assets | 595 | 1,217 | -51.1% |
| Total Current Assets | 16,874 | 15,105 | +11.7% |
| Marketable Securities (Current) | 25 | — | — |
| Non-Current Assets | |||
| Property, Plant & Equipment | 695 | 661 | +5.1% |
Show Property Plant And Equipment By Type breakouts |
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| Furniture And Fixtures | 553 | 508 | +8.9% |
| Land And Building | 12 | 13 | -7.7% |
| Leasehold Improvements | 130 | 140 | -7.1% |
| Goodwill | 8,938 | 8,799 | +1.6% |
Show Business Segments breakouts |
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| HWC [Member] | 6,406 | 6,365 | +0.6% |
| R&B [Member] | 2,532 | 2,434 | +4.0% |
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts |
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| BDA [Member] | 1.2 | — | — |
| Operating Lease Right-of-Use Assets | 487 | 485 | +0.4% |
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 529 | 530 | -0.2% |
Show Retirement Plan Type breakouts |
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| Pension Plans Defined Benefit · GB | 381 | 420 | -9.3% |
| Pension Plans Defined Benefit · Other Foreign Plans [Member] | 130 | 91 | +42.9% |
| Other Non-Current Assets | 866 | 806 | +7.4% |
| Assets Noncurrent | 12,656 | 12,576 | +0.6% |
| Total Assets | 29,530 | 27,681 | +6.7% |
| Intangible Assets | 1,141 | 1,295 | -11.9% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 529 | 638 | -17.1% |
| Software And Software Development Costs | 1 | 3 | -66.7% |
| Trademarks And Trade Names | 611 | 654 | -6.6% |
| Deferred Tax Assets | 167 | 238 | -29.8% |
| Other Assets | |||
| Funds Held For Clients | 10,445 | 9,504 | +9.9% |
| Intangible Assets Net Excluding Goodwill | 1,141 | 1,295 | -11.9% |
| Current Liabilities | |||
| Fiduciary Liabilities Current | 10,445 | 9,504 | +9.9% |
| Deferred Revenue And Accrued Liabilities Current | 2,087 | 2,211 | -5.6% |
| Current Portion of Long-Term Debt | 550 | — | — |
Show Debt Instrument breakouts |
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| 4.400% senior notes due 2026 [Member] | 550 | — | — |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure · Fair Value Measurements Nonrecurring | 550 | — | — |
| Estimate Of Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring | 550 | — | — |
| Operating Lease Liability Current | 125 | 118 | +5.9% |
| Other Liabilities Current | 797 | 765 | +4.2% |
| Total Current Liabilities | 14,004 | 12,598 | +11.2% |
| Provision For Liabilities Non Current | 340 | 341 | -0.3% |
| Non-Current Liabilities | |||
| Long-Term Debt | 5,756 | 5,309 | +8.4% |
Show Debt Instrument breakouts |
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| 2.950% senior notes due 2029 [Member] | 725 | 725 | 0.0% |
| 3.875% senior notes due 2049 [Member] | 543 | 543 | 0.0% |
| 4.500% senior notes due 2028 [Member] | 598 | 598 | 0.0% |
| 4.550% senior notes due 2031 [Member] | 695 | — | — |
| 4.650% senior notes due 2027 [Member] | 748 | 746 | +0.3% |
| 5.050% senior notes due 2048 [Member] | 396 | 396 | 0.0% |
| 5.150% senior notes due 2036 [Member] | 298 | — | — |
| 5.350% senior notes due 2033 [Member] | 743 | 742 | +0.1% |
| 5.900% senior notes due 2054 [Member] | 738 | 738 | 0.0% |
| 6.125% senior notes due 2043 [Member] | 272 | 272 | 0.0% |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure · Fair Value Measurements Nonrecurring | 5,756 | 5,309 | +8.4% |
| Estimate Of Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring | 5,618 | 5,052 | +11.2% |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 660 | 615 | +7.3% |
Show Retirement Plan Type breakouts |
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| Pension Plans Defined Benefit · GB | 4 | 4 | 0.0% |
| Pension Plans Defined Benefit · Other Foreign Plans [Member] | 114 | 119 | -4.2% |
| Pension Plans Defined Benefit · US | 388 | 349 | +11.2% |
| Operating Lease Liabilities | 472 | 502 | -6.0% |
| Other Non-Current Liabilities | 246 | 299 | -17.7% |
| Liabilities Noncurrent | 7,474 | 7,066 | +5.8% |
| Total Liabilities | 21,478 | 19,664 | +9.2% |
| Long-Term Debt | 9,685 | — | — |
Show Debt Instrument breakouts |
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| Interest on Senior Notes [Member] · Senior Notes | 3,335 | — | — |
Show Long-Term Debt Type breakouts |
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| Senior Notes | 6,350 | — | — |
| Stockholders' Equity | |||
| Additional Paid In Capital Common Stock | 11,106 | 10,989 | +1.1% |
| Retained Earnings | -296 | 109 | -371.6% |
| Accumulated Other Comprehensive Income | -2,834 | -3,158 | +10.3% |
| Total Stockholders' Equity | 7,976 | 7,940 | +0.5% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -2,236 | -2,145 | -4.2% |
| Accumulated Other Comprehensive Income | -2,834 | -3,158 | +10.3% |
| Accumulated Translation Adjustment | -608 | -1,020 | +40.4% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | 10 | 7 | +42.9% |
| Minority Interest | 76 | 77 | -1.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 8,052 | 8,017 | +0.4% |
Show Equity Components breakouts |
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| Aoci Including Portion Attributable To Noncontrolling Interest | -2,834 | -3,158 | +10.3% |
| Common Stock Including Additional Paid In Capital | 11,106 | 10,989 | +1.1% |
| Noncontrolling Interest | 76 | 77 | -1.3% |
| Parent | 7,976 | 7,940 | +0.5% |
| Retained Earnings | -296 | 109 | -371.6% |
| Total Liabilities & Equity | 29,530 | 27,681 | +6.7% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 1,613 | -88 | +1933.0% |
| Depreciation | 226 | 230 | -1.7% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 130 | 134 | -3.0% |
| R&B [Member] · Operating Segments | 41 | 45 | -8.9% |
Show Consolidation Items breakouts |
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| Operating Segments | 171 | 179 | -4.5% |
| Cost Of Goods And Services Sold Amortization | 192 | 226 | -15.0% |
| Operating Lease Right Of Use Asset Amortization Expense | 97 | 98 | -1.0% |
| Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash | 112 | 4 | +2700.0% |
| Provision For Doubtful Accounts | 6 | 13 | -53.8% |
| Deferred Income Tax Expense Benefit Including Discontinued Operations | 55 | -213 | +125.8% |
| Stock-Based Compensation | 153 | 121 | +26.4% |
| Gain Loss On Sale Of Business | -40 | 337 | -111.9% |
| Foreign Currency Transaction Gain Loss Before Tax | 13 | -31 | +141.9% |
| Other Non-Cash Items | 59 | 58 | +1.7% |
| Change in Accounts Receivable | -128 | -233 | +45.1% |
| Increase Decrease In Other Operating Assets | -116 | -373 | +68.9% |
| Increase Decrease In Other Operating Liabilities | -458 | 301 | -252.2% |
| Increase Decrease In Provision For Liabilities | -9 | -21 | +57.1% |
| Net Cash from Operations | 1,775 | 1,512 | +17.4% |
| Deferred Income Taxes | -55 | 213 | -125.8% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -229 | -245 | +6.5% |
| Payments To Acquire Businesses Net Of Cash Acquired | -15 | -104 | +85.6% |
| Payments To Acquire Equity Method Investments | -35 | -3 | -1066.7% |
Show Ownership breakouts |
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| Willis Re | -30 | — | — |
| Payments For Proceeds From Sale Of Operations | 870 | 619 | +40.5% |
| Cash Divested From Deconsolidation | -54 | -5 | -980.0% |
| Payments To Acquire Held To Maturity Securities | -50 | — | — |
| Purchases of Investments | -40 | -12 | -233.3% |
| Net Cash from Investing | 447 | 250 | +78.8% |
| Financing Activities | |||
| Proceeds From Issuance Of Senior Long Term Debt | 999 | 746 | +33.9% |
| Debt Issuance Costs | -10 | -9 | -11.1% |
| Repayments Of Long Term Debt | -5 | -655 | +99.2% |
| Share Repurchases | -1,650 | -901 | -83.1% |
| Net Payments Proceeds From Fiduciary Funds Held For Clients | 172 | 785 | -78.1% |
| Payment For Contingent Consideration Liability Financing Activities | -19 | -2 | -850.0% |
| Tax Withholding for Share Compensation | -56 | -56 | 0.0% |
| Payments Of Dividends Common Stock | -358 | -354 | -1.1% |
| Proceeds From Payments To Minority Shareholders | -9 | -13 | +30.8% |
| Net Cash from Financing | -936 | -459 | -103.9% |
| Supplemental | |||
| Income Taxes Paid | 441 | 312 | +41.3% |
Show Geography breakouts |
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| CA · Foreign Country | 26 | — | — |
| GB · Foreign Country | 109 | — | — |
| IE · Foreign Country | 4 | — | — |
| Rest of World [Member] · Foreign Country | 163 | — | — |
| US · Domestic Country | 139 | — | — |
| Interest Paid | 252 | 242 | +4.1% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 1,286 | 1,303 | -1.3% |
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts |
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| Fiduciary [Member] | 118 | 793 | -85.1% |
| Non-Fiduciary [Member] | 1,168 | 510 | +129.0% |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 203 | -97 | +309.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 6,487 | 4,998 | +29.8% |
Values in millions USD. Source: SEC EDGAR 10-K filing.