FY2025 · ended Dec 31, 2025 · Revenue $9.52B, -2.3% YoY · Filed Feb 25, 2026
Willis Towers Watson PLC (WTW) files with the SEC under industry code 6411, Insurance Agents, Brokers & Service. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $9.5 billion and net income of $1.6 billion. Free cash flow was $1.5 billion. As of Sep 30, 2026 it held $2.0 billion in cash and investments and $7.1 billion in total debt.
Revenue (TTM)
$10.08B
+4.7% vs year-ago TTM
Net income (TTM)
$1.56B
-26.1% vs year-ago TTM
Operating cash flow (TTM)
$1.98B
+23.8% vs year-ago TTM
Free cash flow (TTM)
$1.74B
EPS (TTM)
$16.42
-22.6% vs year-ago TTM
Dividend per share
$3.68
+4.5% vs prior year
Shares outstanding
94.55M
-5.2% vs prior year
Net cash
$-5.12B
as of Sep 30, 2026
Operating margin
22.4%
FY 2026
Company profile
- Industry
- Insurance Agents, Brokers & Service (SIC 6411)
- Listed as
- WTW (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Ireland
- Headquarters
- London England, United Kingdom
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1140536
- Former names
- WILLIS GROUP HOLDINGS PLC (until Jan 5, 2016); WILLIS GROUP HOLDINGS LTD (until Jan 4, 2010)
Other Insurance Agents, Brokers & Service companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2021 Dec 31, 2023 |
FY 2021 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $9.5B | $9.7B | $9.3B | $8.7B | $8.8B |
| Operating income | $2.2B | $627.0M | $1.4B | $1.2B | $2.2B |
| Net income | $1.6B | -$98.0M | $1.1B | $1.0B | $4.2B |
| Diluted EPS | $16.26 | -$0.96 | $9.95 | $8.98 | $32.78 |
| Operating cash flow | $1.8B | $1.5B | $1.3B | $812.0M | $2.1B |
| Free cash flow | $1.5B | — | — | — | — |
| Total assets | $29.5B | $27.7B | $29.1B | $31.8B | $35.0B |
| Total liabilities | $21.5B | $19.7B | $19.5B | $21.7B | $21.7B |
| Stockholders' equity | $8.0B | $7.9B | $9.5B | $10.0B | $13.3B |
| Cash and investments | $3.2B | $1.9B | $1.4B | $1.3B | $4.7B |
| Total debt | $10.3B | $9.2B | $8.2B | $7.5B | $7.5B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change
|
Nov 3, 2026 | Nov 3, 2026 |
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 29, 2026 | Sep 30, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 21, 2026 | May 20, 2026 |
All 1000 Willis Towers Watson PLC SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.