WILLIS TOWERS WATSON PLC
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WTW Q4 2025 request
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/api/financials?ticker=WTW&year=2025&quarter=4
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| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue (Q) | — | — | — |
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| Broking [Member] | 1,487 | 1,669 | -10.9% |
| Broking [Member] · HWC [Member] | 465 | 737 | -36.9% |
| Broking [Member] · R&B [Member] | 1,022 | 932 | +9.7% |
| Consulting [Member] | 865 | 805 | +7.5% |
| Consulting [Member] · Corporate | 0 | 1 | -100.0% |
| Consulting [Member] · HWC [Member] | 752 | 702 | +7.1% |
| Consulting [Member] · R&B [Member] | 113 | 102 | +10.8% |
| Outsourced administration [Member] | 320 | 313 | +2.2% |
| Outsourced administration [Member] · HWC [Member] | 306 | 300 | +2.0% |
| Outsourced administration [Member] · R&B [Member] | 14 | 13 | +7.7% |
| Product And Service Other | 179 | 164 | +9.1% |
| Product And Service Other · HWC [Member] | 113 | 101 | +11.9% |
| Product And Service Other · R&B [Member] | 66 | 63 | +4.8% |
| Service | 2,851 | 2,951 | -3.4% |
| Service · Corporate | 0 | 1 | -100.0% |
| Service · Europe | 1,013 | 904 | +12.1% |
| Service · HWC [Member] | 454 | 406 | +11.8% |
| Service · HWC [Member] | 1,025 | 1,300 | -21.2% |
| Service · HWC [Member] | 157 | 134 | +17.2% |
| Service · HWC [Member] | 1,636 | 1,840 | -11.1% |
| Service · HWC [Member] | 1,636 | 1,840 | -11.1% |
| Service · International [Member] | 355 | 315 | +12.7% |
| Service · North America | 1,483 | 1,732 | -14.4% |
| Service · Operating Segments | 2,851 | 2,951 | -3.4% |
| Service · R&B [Member] | 559 | 499 | +12.0% |
| Service · R&B [Member] | 458 | 430 | +6.5% |
| Service · R&B [Member] | 198 | 181 | +9.4% |
| Service · R&B [Member] | 1,215 | 1,110 | +9.5% |
| Service · R&B [Member] | 1,215 | 1,110 | +9.5% |
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| Corporate | 4 | 13 | -69.2% |
| HWC [Member] | 1,659 | 1,860 | -10.8% |
| R&B [Member] | 1,218 | 1,114 | +9.3% |
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| Revenue | 2,881 | 2,987 | -3.5% |
| Revenue (Q) | — | — | — |
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| Corporate | 9 | 17 | -47.1% |
| HWC [Member] | 1,671 | 1,873 | -10.8% |
| HWC [Member] · Operating Segments | 1,648 | 1,853 | -11.1% |
| R&B [Member] | 1,256 | 1,145 | +9.7% |
| R&B [Member] · Operating Segments | 1,253 | 1,141 | +9.8% |
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| GB | 566 | 514 | +10.1% |
| IE | 38 | 32 | +18.8% |
| Rest of World [Member] | 805 | 766 | +5.1% |
| Total Foreign Countries [Member] | 2,898 | 3,003 | -3.5% |
| US | 1,527 | 1,723 | -11.4% |
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| Revenue | 2,936 | 3,035 | -3.3% |
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| Material Reconciling Items | 35 | 41 | -14.6% |
| Operating Segments | 2,901 | 2,994 | -3.1% |
| Total Costs & Expenses (Q) | — | — | — |
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| Total Costs & Expenses | 1,920 | 2,134 | -10.0% |
| Operating Expenses (Q) | — | — | — |
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| HWC [Member] · Operating Segments | 919 | 1,077 | -14.7% |
| R&B [Member] · Operating Segments | 818 | 758 | +7.9% |
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| Operating Segments | 1,737 | 1,835 | -5.3% |
| Operating Income (Q) | — | — | — |
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| HWC [Member] · Operating Segments | 729 | 776 | -6.1% |
| R&B [Member] · Operating Segments | 435 | 383 | +13.6% |
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| Operating Income | 1,016 | 901 | +12.8% |
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| Material Reconciling Items | 1,016 | 901 | +12.8% |
| Operating Segments | 1,164 | 1,159 | +0.4% |
| Other Non-Operating Income (Expense) (Q) | — | — | — |
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| Other Non-Operating Income (Expense) | -3 | 856 | -100.4% |
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| Material Reconciling Items | -3 | 856 | -100.4% |
| Income Before Taxes (Q) | — | — | — |
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| Income Before Taxes | 947 | 1,691 | -44.0% |
| Income Tax Expense (Benefit) (Q) | — | — | — |
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| Income Tax Expense (Benefit) | 197 | 440 | -55.2% |
| Net Income (Q) | — | — | — |
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| Net Income | 735 | 1,246 | -41.0% |
| Net Income (Q) | — | — | — |
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| Net Income | 736 | 1,248 | -41.0% |
| Comprehensive Income (Q) | — | — | — |
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| Comprehensive Income | 610 | 898 | -32.1% |
| Other Comprehensive Income (Q) | — | — | — |
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| Accumulated Defined Benefit Plans Adjustment | -240 | -137 | -75.2% |
| Accumulated Other Comprehensive Income | -125 | -348 | +64.1% |
| Accumulated Translation Adjustment | 116 | -205 | +156.6% |
| Aoci Derivative Qualifying As Hedge Excluded Component Parent | -1 | -6 | +83.3% |
| EPS (Basic) (Q) | — | — | — |
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| EPS (Basic) | 7.54 | 12.15 | -37.9% |
| EPS (Diluted) (Q) | — | — | — |
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| EPS (Diluted) | 7.52 | 12.15 | -38.1% |
| Wtd Avg Shares (Basic) (Q) | — | — | — |
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| Wtd Avg Shares (Basic) | -1 | -1 | 0.0% |
| Wtd Avg Shares (Diluted) (Q) | — | — | — |
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| Wtd Avg Shares (Diluted) | -1 | -1 | 0.0% |
| Foreign Currency Transaction Gain Loss Before Tax (Q) | — | — | — |
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| Foreign Currency Transaction Gain Loss Before Tax | 17 | 6 | +183.3% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (Q) | — | — | — |
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| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 947 | 1,691 | -44.0% |
| Income Loss From Equity Method Investments (Q) | — | — | — |
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| Income Loss From Equity Method Investments | -14 | -3 | -366.7% |
| Interest And Other Income (Q) | — | — | — |
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| Corporate | 5 | 4 | +25.0% |
| HWC [Member] | 12 | 13 | -7.7% |
| R&B [Member] | 38 | 31 | +22.6% |
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| Interest And Other Income | 55 | 48 | +14.6% |
| Interest Expense (Q) | — | — | — |
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| Interest Expense | 66 | 66 | 0.0% |
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| Material Reconciling Items | 66 | 66 | 0.0% |
| Labor And Related Expense (Q) | — | — | — |
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| Labor And Related Expense | 1,439 | 1,367 | +5.3% |
| Net Income Loss Attributable To Noncontrolling Interest (Q) | — | — | — |
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| Net Income Loss Attributable To Noncontrolling Interest | 1 | 2 | -50.0% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents (Q) | — | — | — |
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| Cash & Cash Equivalents | 3,132 | 1,890 | +65.7% |
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| Willis Limited [Member] · Minimum | 100 | — | — |
| Marketable Securities (Current) (Q) | — | — | — |
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| Marketable Securities (Current) | 25 | — | — |
| Accounts Receivable (Q) | — | — | — |
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| Accounts Receivable | 2,702 | 2,494 | +8.3% |
| Prepaid Expenses & Other Current Assets (Q) | — | — | — |
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| Prepaid Expenses & Other Current Assets | 595 | 1,217 | -51.1% |
| Total Current Assets (Q) | — | — | — |
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| Total Current Assets | 16,874 | 15,105 | +11.7% |
| Non-Current Assets | |||
| Property, Plant & Equipment (Q) | — | — | — |
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| Property, Plant & Equipment | 695 | 661 | +5.1% |
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| Furniture And Fixtures | 553 | 508 | +8.9% |
| Land And Building | 12 | 13 | -7.7% |
| Leasehold Improvements | 130 | 140 | -7.1% |
| Operating Lease Right-of-Use Assets (Q) | — | — | — |
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| Operating Lease Right-of-Use Assets | 487 | 485 | +0.4% |
| Goodwill (Q) | — | — | — |
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| HWC [Member] | 6,406 | 6,365 | +0.6% |
| R&B [Member] | 2,532 | 2,434 | +4.0% |
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| Goodwill | 8,938 | 8,799 | +1.6% |
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| BDA [Member] | 1.2 | — | — |
| Intangible Assets (Q) | — | — | — |
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| Intangible Assets | 1,141 | 1,295 | -11.9% |
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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 (Q) | — | — | — |
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| Deferred Tax Assets | 167 | 238 | -29.8% |
| Other Non-Current Assets (Q) | — | — | — |
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| Other Non-Current Assets | 866 | 806 | +7.4% |
| Total Assets (Q) | — | — | — |
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| Total Assets | 29,530 | 27,681 | +6.7% |
| Current Liabilities | |||
| Current Portion of Long-Term Debt (Q) | — | — | — |
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| 4.400% senior notes due 2026 [Member] | 550 | — | — |
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| Current Portion of Long-Term Debt | 550 | — | — |
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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 | — | — |
| Total Current Liabilities (Q) | — | — | — |
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| Total Current Liabilities | 14,004 | 12,598 | +11.2% |
| Non-Current Liabilities | |||
| Long-Term Debt (Q) | — | — | — |
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| Interest on Senior Notes [Member] · Senior Notes | 3,335 | — | — |
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| Long-Term Debt | 9,685 | — | — |
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| Senior Notes | 6,350 | — | — |
| Long-Term Debt (Q) | — | — | — |
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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% |
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| Long-Term Debt | 5,756 | 5,309 | +8.4% |
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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% |
| Operating Lease Liabilities (Q) | — | — | — |
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| Operating Lease Liabilities | 472 | 502 | -6.0% |
| Other Non-Current Liabilities (Q) | — | — | — |
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| Other Non-Current Liabilities | 246 | 299 | -17.7% |
| Total Liabilities (Q) | — | — | — |
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| Total Liabilities | 21,478 | 19,664 | +9.2% |
| Stockholders' Equity | |||
| Retained Earnings (Q) | — | — | — |
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| Retained Earnings | -296 | 109 | -371.6% |
| Accumulated Other Comprehensive Income (Q) | — | — | — |
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| Accumulated Other Comprehensive Income | -2,834 | -3,158 | +10.3% |
| Total Stockholders' Equity (Q) | — | — | — |
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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% |
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| Total Stockholders' Equity | 7,976 | 7,940 | +0.5% |
| Total Liabilities & Equity (Q) | — | — | — |
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| Total Liabilities & Equity | 29,530 | 27,681 | +6.7% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation (Q) | — | — | — |
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| Stock-Based Compensation | 49 | 36 | +36.1% |
| Other Non-Cash Items (Q) | — | — | — |
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| Other Non-Cash Items | -25 | -26 | +3.8% |
| Change in Accounts Receivable (Q) | — | — | — |
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| Change in Accounts Receivable | 510 | 504 | +1.2% |
| Net Cash from Operations (Q) | — | — | — |
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| Net Cash from Operations | 771 | 599 | +28.7% |
| Investing Activities | |||
| Purchases of Investments (Q) | — | — | — |
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| Purchases of Investments | 0 | -1 | +100.0% |
| Net Cash from Investing (Q) | — | — | — |
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| Net Cash from Investing | -83 | 480 | -117.3% |
| Financing Activities | |||
| Share Repurchases (Q) | — | — | — |
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| Share Repurchases | 350 | 395 | -11.4% |
| Tax Withholding for Share Compensation (Q) | — | — | — |
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| Tax Withholding for Share Compensation | 3 | 26 | -88.5% |
| Net Cash from Financing (Q) | — | — | — |
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| Net Cash from Financing | 375 | -664 | +156.5% |
Values in millions USD. Source: SEC EDGAR 10-K filing.