)
Visual
test
Willis Towers Watson
Willis Towers Watson (WLTW) investor relations material
Willis Towers Watson Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary3 Feb, 2026
Executive summary
Achieved strong Q4 and full-year organic revenue growth of 6% and 5%, respectively, with margin expansion driven by strategic focus, talent investment, and portfolio optimization.
Strategic acquisitions (Newfront, Cushon, FlowStone) and the TRANZACT divestiture enhanced the business mix and growth profile.
Digital platforms, data analytics, and AI-driven efficiency initiatives supported margin expansion.
Returned $1.65B to shareholders via share repurchases and paid $350M–$358M in dividends in 2025.
Net income for the year was $1.61B, rebounding from a prior year loss due to impairment charges.
Financial highlights
Q4 organic revenue growth of 6%, adjusted operating margin up 80 bps to 36.9%, and adjusted EPS of $8.12 (up 13% YoY excluding TRANZACT).
Full-year organic growth of 5%, adjusted operating margin up 130 bps to 25.2%, and adjusted EPS of $17.08 (up 13% YoY excluding TRANZACT).
Free cash flow for 2025 was $1.55B–$1.546B, up $279M YoY, with a margin of 15.9%.
Q4 income from operations rose 13% to $1.016B; full-year income from operations surged 256% to $2.234B.
Q4 revenue was $2.94B (down 3% YoY); full-year revenue was $9.71B (down 2%), primarily due to the TRANZACT sale.
Outlook and guidance
2026 guidance: mid-single-digit organic growth, continued margin and free cash flow expansion.
Expecting ~100 bps annual margin expansion in Risk & Broking and incremental expansion in Health, Wealth & Career.
Foreign exchange expected to be a $0.30 tailwind to adjusted EPS in 2026.
At least $1B allocated to share repurchases in 2026, with ongoing evaluation of M&A opportunities.
Newfront acquisition expected to be ~$0.10 dilutive to adjusted EPS in 2026, with $250M post-close revenue and ~26% adjusted EBITDA margin.
2026 EPS headwinds: Newfront and Willis Re impact
Beyond TRANZACT, what sustains margin expansion?
How will 2026 share repurchases balance investments?
R&B's market share in digital infrastructure?
BD&O Medicare changes: 2026 vs. beyond?
Future M&A priorities and appetite
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights.
Next Willis Towers Watson earnings date
Q1 202623 Apr, 2026
Willis Towers Watson
Next Willis Towers Watson earnings date
Q1 202623 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Willis Towers Watson plc, through its subsidiaries, operates as an advisory, broking, and solutions company worldwide. The company offers risk management services, such as risk advice, risk transfer, and purchase of insurance and reinsurance; managing wholesale brokerage services; and various consulting services to corporate, public sector, financial institutions, professional services firms, and individuals.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage