WILLIS TOWERS WATSON PLC
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WTW Q3 2025 request
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/api/financials?ticker=WTW&year=2025&quarter=3
Pick an endpoint and run the request.Income Statement
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Revenue | 2,288 | 2,289 | -0.0% |
Show Business Segments breakouts |
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| Corporate | 1 | 1 | 0.0% |
| HWC [Member] | 1,277 | 1,345 | -5.1% |
| HWC [Member] · Operating Segments | 1,261 | 1,328 | -5.0% |
| R&B [Member] | 1,010 | 943 | +7.1% |
| R&B [Member] · Operating Segments | 1,007 | 940 | +7.1% |
Show Geography breakouts |
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| GB | 539 | 465 | +15.9% |
| IE | 33 | 31 | +6.5% |
| Rest of World [Member] | 717 | 627 | +14.4% |
| Total Foreign Countries [Member] | 2,255 | 2,258 | -0.1% |
| US | 999 | 1,166 | -14.3% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 20 | 21 | -4.8% |
| Operating Segments | 2,268 | 2,268 | 0.0% |
| Revenue | 2,240 | 2,238 | +0.1% |
Show Product Lines breakouts |
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| Broking [Member] | 915 | 1,006 | -9.0% |
| Broking [Member] · HWC [Member] | 121 | 262 | -53.8% |
| Broking [Member] · R&B [Member] | 794 | 744 | +6.7% |
| Consulting [Member] | 818 | 746 | +9.7% |
| Consulting [Member] · HWC [Member] | 714 | 653 | +9.3% |
| Consulting [Member] · R&B [Member] | 104 | 93 | +11.8% |
| Outsourced administration [Member] | 299 | 284 | +5.3% |
| Outsourced administration [Member] · HWC [Member] | 282 | 268 | +5.2% |
| Outsourced administration [Member] · R&B [Member] | 17 | 16 | +6.2% |
| Product And Service Other | 194 | 187 | +3.7% |
| Product And Service Other · HWC [Member] | 136 | 134 | +1.5% |
| Product And Service Other · R&B [Member] | 58 | 53 | +9.4% |
| Service | 2,226 | 2,223 | +0.1% |
| Service · Europe | 857 | 759 | +12.9% |
| Service · HWC [Member] | 400 | 362 | +10.5% |
| Service · HWC [Member] | 719 | 830 | -13.4% |
| Service · HWC [Member] | 134 | 125 | +7.2% |
| Service · HWC [Member] | 1,253 | 1,317 | -4.9% |
| Service · HWC [Member] | 1,253 | 1,317 | -4.9% |
| Service · International [Member] | 285 | 270 | +5.6% |
| Service · North America | 1,084 | 1,194 | -9.2% |
| Service · Operating Segments | 2,226 | 2,223 | +0.1% |
| Service · R&B [Member] | 457 | 397 | +15.1% |
| Service · R&B [Member] | 365 | 364 | +0.3% |
| Service · R&B [Member] | 151 | 145 | +4.1% |
| Service · R&B [Member] | 973 | 906 | +7.4% |
| Service · R&B [Member] | 973 | 906 | +7.4% |
Show Business Segments breakouts |
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| Corporate | -5 | -5 | 0.0% |
| HWC [Member] | 1,269 | 1,334 | -4.9% |
| R&B [Member] | 976 | 909 | +7.4% |
| Total Costs & Expenses | 1,870 | 3,055 | -38.8% |
| Operating Expenses (Q) | — | — | — |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 900 | 999 | -9.9% |
| R&B [Member] · Operating Segments | 818 | 770 | +6.2% |
Show Consolidation Items breakouts |
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| Operating Segments | 1,718 | 1,769 | -2.9% |
| Operating Income | 418 | -766 | +154.6% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 361 | 329 | +9.7% |
| R&B [Member] · Operating Segments | 189 | 170 | +11.2% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 418 | -766 | +154.6% |
| Operating Segments | 550 | 499 | +10.2% |
| Other Non-Operating Income (Expense) | 37 | -1,167 | +103.2% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 37 | -1,167 | +103.2% |
| Income Before Taxes | 390 | -1,998 | +119.5% |
| Income Tax Expense (Benefit) | -77 | 322 | -123.9% |
| Net Income | 304 | -1,675 | +118.1% |
| Comprehensive Income | 301 | -1,564 | +119.2% |
| Other Comprehensive Income (Q) | — | — | — |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 20 | 15 | +33.3% |
| Accumulated Other Comprehensive Income | -3 | 111 | -102.7% |
| Accumulated Translation Adjustment | -20 | 94 | -121.3% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | -3 | 2 | -250.0% |
| EPS (Basic) | 3.12 | -16.44 | +119.0% |
| EPS (Diluted) | 3.11 | -16.44 | +118.9% |
| Wtd Avg Shares (Basic) | 98 | 102 | -3.9% |
| Wtd Avg Shares (Diluted) | 98 | 102 | -3.9% |
| Interest And Other Income | 48 | 51 | -5.9% |
Show Business Segments breakouts |
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| Corporate | 6 | 6 | 0.0% |
| HWC [Member] | 8 | 11 | -27.3% |
| R&B [Member] | 34 | 34 | 0.0% |
| Interest Expense | -65 | -65 | 0.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -65 | -65 | 0.0% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 390 | -1,998 | +119.5% |
| Income Loss From Equity Method Investments | -7 | 4 | -275.0% |
| Labor And Related Expense | 1,413 | 1,396 | +1.2% |
| Net Income Loss Attributable To Noncontrolling Interest | -2 | -3 | +33.3% |
Balance Sheet
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,895 | 1,372 | +38.1% |
| Accounts Receivable | 2,189 | — | — |
| Prepaid Expenses & Other Current Assets | 570 | 558 | +2.2% |
| Total Current Assets | 14,621 | 14,313 | +2.2% |
| Marketable Securities (Current) | 25 | — | — |
| Non-Current Assets | |||
| Property, Plant & Equipment | 686 | 710 | -3.4% |
| Goodwill | 8,936 | 8,882 | +0.6% |
Show Business Segments breakouts |
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| HWC [Member] | 6,406 | 6,414 | -0.1% |
| R&B [Member] | 2,530 | 2,468 | +2.5% |
| Operating Lease Right-of-Use Assets | 480 | 539 | -10.9% |
| Defined Benefit Plan Assets For Plan Benefits Noncurrent | 589 | 632 | -6.8% |
| Other Non-Current Assets | 942 | 732 | +28.7% |
| Assets Noncurrent | 12,818 | 12,855 | -0.3% |
| Total Assets | 27,439 | 27,168 | +1.0% |
| Intangible Assets | 1,185 | 1,360 | -12.9% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 562 | 691 | -18.7% |
| Trademarks And Trade Names | 622 | 667 | -6.7% |
Show Indefinite Lived Intangible Assets By Major Class breakouts |
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| Software And Software Development Costs | 1 | — | — |
| Deferred Tax Assets | 234 | 104 | +125.0% |
| Other Assets | |||
| Funds Held For Clients | 9,967 | 9,176 | +8.6% |
| Intangible Assets Net Excluding Goodwill | 1,185 | 1,360 | -12.9% |
| Current Liabilities | |||
| Fiduciary Liabilities Current | 9,967 | 9,176 | +8.6% |
| Deferred Revenue And Accrued Liabilities Current | 1,868 | — | — |
| 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 | 123 | 122 | +0.8% |
| Other Liabilities Current | 735 | 735 | 0.0% |
| Total Current Liabilities | 13,243 | 12,535 | +5.6% |
| Provision For Liabilities Non Current | 369 | 416 | -11.3% |
| Non-Current Liabilities | |||
| Long-Term Debt | 4,763 | — | — |
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] | 748 | — | — |
| 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 | 4,763 | — | — |
| Estimate Of Fair Value Fair Value Disclosure · Fair Value Measurements Nonrecurring | 4,653 | — | — |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 524 | 487 | +7.6% |
| Operating Lease Liabilities | 475 | 556 | -14.6% |
| Other Non-Current Liabilities | 255 | 202 | +26.2% |
| Liabilities Noncurrent | 6,386 | 7,063 | -9.6% |
| Total Liabilities | 19,629 | 19,598 | +0.2% |
| Stockholders' Equity | |||
| Additional Paid In Capital Common Stock | 11,037 | 10,957 | +0.7% |
| Retained Earnings | -593 | -650 | +8.8% |
| Accumulated Other Comprehensive Income | -2,709 | -2,810 | +3.6% |
| Total Stockholders' Equity | 7,735 | 7,492 | +3.2% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -1,996 | -2,008 | +0.6% |
| Accumulated Other Comprehensive Income | -2,709 | -2,810 | +3.6% |
| Accumulated Translation Adjustment | -724 | -815 | +11.2% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | 11 | 13 | -15.4% |
| Minority Interest | 75 | 78 | -3.8% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 7,810 | 7,570 | +3.2% |
Show Equity Components breakouts |
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| Aoci Including Portion Attributable To Noncontrolling Interest | -2,709 | -2,810 | +3.6% |
| Common Stock Including Additional Paid In Capital | 11,037 | 10,957 | +0.7% |
| Noncontrolling Interest | 75 | 78 | -3.8% |
| Parent | 7,735 | 7,492 | +3.2% |
| Retained Earnings | -593 | -650 | +8.8% |
| Total Liabilities & Equity | 27,439 | 27,168 | +1.0% |
Cash Flow Statement
| Metric | YTD Q3 2025 | YTD Q3 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 877 | -1,336 | +165.6% |
| Depreciation | 167 | 176 | -5.1% |
Show Business Segments breakouts |
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| HWC [Member] · Operating Segments | 94 | 93 | +1.1% |
| R&B [Member] · Operating Segments | 30 | 35 | -14.3% |
Show Consolidation Items breakouts |
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| Operating Segments | 124 | 128 | -3.1% |
| Cost Of Goods And Services Sold Amortization | 144 | 176 | -18.2% |
| Operating Lease Right Of Use Asset Amortization Expense | 71 | 76 | -6.6% |
| Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash | 100 | -15 | +766.7% |
| Provision For Doubtful Accounts | 8 | 13 | -38.5% |
| Deferred Income Tax Expense Benefit Including Discontinued Operations | -62 | -379 | +83.6% |
| Stock-Based Compensation | 104 | 85 | +22.4% |
| Gain Loss On Sale Of Business | -40 | 1,190 | -103.4% |
| Foreign Currency Transaction Gain Loss Before Tax | 30 | -25 | +220.0% |
| Other Non-Cash Items | 34 | 32 | +6.2% |
| Change in Accounts Receivable | 382 | 271 | +41.0% |
| Increase Decrease In Other Operating Assets | -142 | -299 | +52.5% |
| Increase Decrease In Other Operating Liabilities | -689 | -159 | -333.3% |
| Increase Decrease In Provision For Liabilities | 20 | 48 | -58.3% |
| Net Cash from Operations | 1,004 | 913 | +10.0% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -166 | -189 | +12.2% |
| Payments To Acquire Businesses Net Of Cash Acquired | -14 | -28 | +50.0% |
| Payments To Acquire Equity Method Investments | -16 | — | — |
| Proceeds From Divestiture Of Businesses | 870 | — | — |
| Cash Divested From Deconsolidation | -54 | — | — |
| Payments To Acquire Held To Maturity Securities | -50 | — | — |
| Purchases of Investments | -40 | -13 | -207.7% |
| Net Cash from Investing | 530 | -230 | +330.4% |
| Financing Activities | |||
| Repayments Of Long Term Debt | -4 | -653 | +99.4% |
| Share Repurchases | -1,300 | -506 | -156.9% |
| Net Proceeds From Fiduciary Funds Held For Clients | 343 | 934 | -63.3% |
| Payment For Contingent Consideration Liability Financing Activities | -19 | -2 | -850.0% |
| Tax Withholding for Share Compensation | -53 | -30 | -76.7% |
| Payments Of Dividends Common Stock | -269 | -265 | -1.5% |
| Proceeds From Payments To Minority Shareholders | -9 | -10 | +10.0% |
| Net Cash from Financing | -1,311 | 205 | -739.5% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 223 | 888 | -74.9% |
Show Restricted Cash And Cash Equivalents Cash And Cash Equivalents breakouts |
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| Fiduciary [Member] | 289 | 942 | -69.3% |
| Non-Fiduciary [Member] | -66 | -54 | -22.2% |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 202 | 32 | +531.2% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 5,423 | 4,712 | +15.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.