WILLIS TOWERS WATSON PLC
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WTW Q2 2025 request
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/api/financials?ticker=WTW&year=2025&quarter=2
Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 2,261 | 2,265 | -0.2% |
Show Business Segments breakouts |
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| Corporate | 13 | 8 | +62.5% |
| HWC [Member] | 1,198 | 1,275 | -6.0% |
| HWC [Member] · Operating Segments | 1,180 | 1,260 | -6.3% |
| R&B [Member] | 1,050 | 982 | +6.9% |
| R&B [Member] · Operating Segments | 1,047 | 979 | +6.9% |
Show Geography breakouts |
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| GB | 509 | 456 | +11.6% |
| IE | 37 | 33 | +12.1% |
| Rest of World [Member] | 669 | 638 | +4.9% |
| Total Foreign Countries [Member] | 2,224 | 2,232 | -0.4% |
| US | 1,046 | 1,138 | -8.1% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 34 | 26 | +30.8% |
| Operating Segments | 2,227 | 2,239 | -0.5% |
| Revenue | 2,215 | 2,219 | -0.2% |
Show Product Lines breakouts |
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| Broking [Member] | 996 | 1,057 | -5.8% |
| Broking [Member] · HWC [Member] | 150 | 279 | -46.2% |
| Broking [Member] · R&B [Member] | 846 | 778 | +8.7% |
| Consulting [Member] | 804 | 748 | +7.5% |
| Consulting [Member] · Corporate | 1 | — | — |
| Consulting [Member] · HWC [Member] | 704 | 651 | +8.1% |
| Consulting [Member] · R&B [Member] | 99 | 97 | +2.1% |
| Outsourced administration [Member] | 257 | 274 | -6.2% |
| Outsourced administration [Member] · HWC [Member] | 240 | 257 | -6.6% |
| Outsourced administration [Member] · R&B [Member] | 17 | 17 | 0.0% |
| Product And Service Other | 135 | 120 | +12.5% |
| Product And Service Other · HWC [Member] | 78 | 64 | +21.9% |
| Product And Service Other · R&B [Member] | 57 | 56 | +1.8% |
| Service | 2,192 | 2,199 | -0.3% |
| Service · Corporate | 1 | — | — |
| Service · Corporate | 1 | — | — |
| Service · Europe | 846 | 744 | +13.7% |
| Service · HWC [Member] | 392 | 335 | +17.0% |
| Service · HWC [Member] | 665 | 810 | -17.9% |
| Service · HWC [Member] | 115 | 106 | +8.5% |
| Service · HWC [Member] | 1,172 | 1,251 | -6.3% |
| Service · HWC [Member] | 1,172 | 1,251 | -6.3% |
| Service · International [Member] | 279 | 259 | +7.7% |
| Service · North America | 1,067 | 1,196 | -10.8% |
| Service · Operating Segments | 2,192 | 2,199 | -0.3% |
| Service · R&B [Member] | 454 | 409 | +11.0% |
| Service · R&B [Member] | 401 | 386 | +3.9% |
| Service · R&B [Member] | 164 | 153 | +7.2% |
| Service · R&B [Member] | 1,019 | 948 | +7.5% |
| Service · R&B [Member] | 1,019 | 948 | +7.5% |
Show Business Segments breakouts |
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| Corporate | 3 | 2 | +50.0% |
| HWC [Member] | 1,190 | 1,266 | -6.0% |
| R&B [Member] | 1,022 | 951 | +7.5% |
| Total Costs & Expenses | 1,893 | 2,053 | -7.8% |
| Operating Expenses (Q) | — | — | — |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 900 | 984 | -8.5% |
| R&B [Member] · Operating Segments | 825 | 777 | +6.2% |
Show Consolidation Items breakouts |
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| Operating Segments | 1,725 | 1,761 | -2.0% |
| Operating Income | 368 | 212 | +73.6% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 280 | 276 | +1.4% |
| R&B [Member] · Operating Segments | 222 | 202 | +9.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 368 | 212 | +73.6% |
| Operating Segments | 502 | 478 | +5.0% |
| Other Non-Operating Income (Expense) | 9 | 23 | -60.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 9 | 23 | -60.9% |
| Income Before Taxes | 313 | 167 | +87.4% |
| Income Tax Expense (Benefit) | 21 | -26 | +180.8% |
| Net Income | 331 | 141 | +134.8% |
| Comprehensive Income | 560 | 125 | +348.0% |
| Other Comprehensive Income (Q) | — | — | — |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 18 | 14 | +28.6% |
| Accumulated Other Comprehensive Income | 229 | -16 | +1531.2% |
| Accumulated Translation Adjustment | 207 | -30 | +790.0% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | 4 | — | — |
| EPS (Basic) | 3.34 | 1.37 | +143.8% |
| EPS (Diluted) | 3.32 | 1.36 | +144.1% |
| Wtd Avg Shares (Basic) | 99 | 103 | -3.9% |
| Wtd Avg Shares (Diluted) | 100 | 103 | -2.9% |
| Interest And Other Income | 46 | 46 | 0.0% |
Show Business Segments breakouts |
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| Corporate | 10 | 6 | +66.7% |
| HWC [Member] | 8 | 9 | -11.1% |
| R&B [Member] | 28 | 31 | -9.7% |
| Interest Expense | -64 | -68 | +5.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -64 | -68 | +5.9% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 313 | 167 | +87.4% |
| Income Loss From Equity Method Investments | -2 | 1 | -300.0% |
| Labor And Related Expense | 1,449 | 1,397 | +3.7% |
| Net Income Loss Attributable To Noncontrolling Interest | -1 | -1 | 0.0% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,963 | 1,247 | +57.4% |
| Accounts Receivable | 2,364 | 2,425 | -2.5% |
| Prepaid Expenses & Other Current Assets | 558 | 432 | +29.2% |
| Total Current Assets | 15,605 | 14,029 | +11.2% |
| Marketable Securities (Current) | 25 | — | — |
| Non-Current Assets | |||
| Property, Plant & Equipment | 696 | 709 | -1.8% |
| Goodwill | 8,938 | 10,184 | -12.2% |
Show Business Segments breakouts |
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| HWC [Member] | 6,408 | 7,748 | -17.3% |
| R&B [Member] | 2,530 | 2,436 | +3.9% |
| Operating Lease Right-of-Use Assets | 495 | 536 | -7.6% |
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 578 | 611 | -5.4% |
| Other Non-Current Assets | 934 | — | — |
| Assets Noncurrent | 12,873 | 15,593 | -17.4% |
| Total Assets | 28,478 | 29,622 | -3.9% |
| Intangible Assets | 1,232 | 1,898 | -35.1% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 597 | 1,199 | -50.2% |
| Trademarks And Trade Names | 633 | 676 | -6.4% |
Show Indefinite Lived Intangible Assets By Major Class breakouts |
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| Software And Software Development Costs | 2 | — | — |
| Deferred Tax Assets | 247 | — | — |
| Other Assets | |||
| Funds Held For Clients | 10,720 | 9,925 | +8.0% |
| Intangible Assets Net Excluding Goodwill | 1,232 | 1,898 | -35.1% |
| Current Liabilities | |||
| Fiduciary Liabilities Current | 10,720 | 9,925 | +8.0% |
| Deferred Revenue And Accrued Liabilities Current | 1,726 | 1,891 | -8.7% |
| Current Portion of Long-Term Debt | 549 | — | — |
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| 4.400% senior notes due 2026 [Member] | 549 | — | — |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure · Fair Value Measurements Nonrecurring | 549 | — | — |
| Estimate Of Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring | 549 | — | — |
| Operating Lease Liability Current | 124 | 118 | +5.1% |
| Other Liabilities Current | 752 | 740 | +1.6% |
| Total Current Liabilities | 13,871 | 12,674 | +9.4% |
| Provision For Liabilities Non Current | 369 | 409 | -9.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | 4,762 | — | — |
Show Debt Instrument breakouts |
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| 2.950% senior notes due 2029 [Member] | 725 | — | — |
| 3.875% senior notes due 2049 [Member] | 543 | — | — |
| 4.500% senior notes due 2028 [Member] | 598 | — | — |
| 4.650% senior notes due 2027 [ Member] | 747 | — | — |
| 5.050% senior notes due 2048 [Member] | 396 | — | — |
| 5.350% senior notes due 2033 [Member] | 743 | — | — |
| 5.900% senior notes due 2054 [Member] | 738 | — | — |
| 6.125% senior notes due 2043 [Member] | 272 | — | — |
Show Fair Value By Measurement Basis breakouts |
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| Carrying Reported Amount Fair Value Disclosure · Fair Value Measurements Nonrecurring | 4,762 | — | — |
| Estimate Of Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring | 4,588 | — | — |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 550 | 505 | +8.9% |
| Operating Lease Liabilities | 500 | 564 | -11.3% |
| Other Non-Current Liabilities | 246 | 196 | +25.5% |
| Liabilities Noncurrent | 6,427 | 7,533 | -14.7% |
| Total Liabilities | 20,298 | 20,207 | +0.5% |
| Stockholders' Equity | |||
| Additional Paid In Capital Common Stock | 11,012 | 10,943 | +0.6% |
| Retained Earnings | -206 | 1,315 | -115.7% |
| Accumulated Other Comprehensive Income | -2,706 | -2,921 | +7.4% |
| Total Stockholders' Equity | 8,100 | 9,337 | -13.2% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -2,016 | -2,023 | +0.3% |
| Accumulated Other Comprehensive Income | -2,706 | -2,921 | +7.4% |
| Accumulated Translation Adjustment | -704 | -909 | +22.6% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | 14 | 11 | +27.3% |
| Minority Interest | 80 | 78 | +2.6% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 8,180 | 9,415 | -13.1% |
Show Equity Components breakouts |
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| Aoci Including Portion Attributable To Noncontrolling Interest | -2,706 | -2,921 | +7.4% |
| Common Stock Including Additional Paid In Capital | 11,012 | 10,943 | +0.6% |
| Noncontrolling Interest | 80 | 78 | +2.6% |
| Parent | 8,100 | 9,337 | -13.2% |
| Retained Earnings | -206 | 1,315 | -115.7% |
| Total Liabilities & Equity | 28,478 | 29,622 | -3.9% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 571 | 336 | +69.9% |
| Depreciation | 111 | 116 | -4.3% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 63 | 62 | +1.6% |
| R&B [Member] · Operating Segments | 20 | 23 | -13.0% |
Show Consolidation Items breakouts |
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| Operating Segments | 83 | 85 | -2.4% |
| Cost Of Goods And Services Sold Amortization | 97 | 120 | -19.2% |
| Operating Lease Right Of Use Asset Amortization Expense | 47 | 49 | -4.1% |
| Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash | 94 | -11 | +954.5% |
| Provision For Doubtful Accounts | 7 | 10 | -30.0% |
| Deferred Income Tax Expense Benefit Including Discontinued Operations | -70 | -25 | -180.0% |
| Stock-Based Compensation | 68 | 54 | +25.9% |
| Gain Loss On Sale Of Business | -14 | — | — |
| Foreign Currency Transaction Gain Loss Before Tax | 30 | -12 | +350.0% |
| Other Non-Cash Items | 18 | 22 | -18.2% |
| Change in Accounts Receivable | 225 | 118 | +90.7% |
| Increase Decrease In Other Operating Assets | -99 | -161 | +38.5% |
| Increase Decrease In Other Operating Liabilities | -778 | -242 | -221.5% |
| Increase Decrease In Provision For Liabilities | 19 | 45 | -57.8% |
| Net Cash from Operations | 326 | 431 | -24.4% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -109 | -126 | +13.5% |
| Payments To Acquire Businesses Net Of Cash Acquired | -14 | -18 | +22.2% |
| Payments To Acquire Equity Method Investments | -8 | — | — |
| Proceeds From Divestiture Of Businesses | 836 | — | — |
| Payments To Acquire Held To Maturity Securities | -50 | — | — |
| Purchases of Investments | -43 | -14 | -207.1% |
| Net Cash from Investing | 612 | -158 | +487.3% |
| Financing Activities | |||
| Repayments Of Long Term Debt | -2 | -652 | +99.7% |
| Share Repurchases | -700 | -301 | -132.6% |
| Net Proceeds From Fiduciary Funds Held For Clients | 141 | 783 | -82.0% |
| Payment For Contingent Consideration Liability Financing Activities | -15 | — | — |
| Tax Withholding for Share Compensation | -43 | -24 | -79.2% |
| Payments Of Dividends Common Stock | -179 | -176 | -1.7% |
| Proceeds From Payments To Minority Shareholders | -2 | -3 | +33.3% |
| Net Cash from Financing | -800 | 364 | -319.8% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 138 | 637 | -78.3% |
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts |
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| Fiduciary [Member] | 141 | 791 | -82.2% |
| Non-Fiduciary [Member] | -3 | -154 | +98.1% |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 207 | -53 | +490.6% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 5,343 | 4,376 | +22.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.