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    WILLIS TOWERS WATSON PLC

    Company overview

    Market capitalization
    $27.13B
    Employees
    47,000
    Latest publication
    2026-09-29
    About WILLIS TOWERS WATSON PLC

    Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company operates through two segments: Health, Wealth & Career and Risk & Broking. It offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit programs, including medical, dental, disability, life, voluntary benefits, and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services. The company also provides advice, data, software, and products to address clients' total rewards and talent issues; and risk advice, insurance brokerage, and consulting services in the areas of property and casualty, affinity, risk and analytics, aerospace, construction, global markets direct and facultative, financial, executive and professional risks, credit risk solutions, crisis management, surety, marine, and natural resources. In addition, it offers software and technology, risk and capital management, products and product pricing, financial and regulatory reporting, financial and capital modeling, M&A, outsourcing, and business management services. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USD
    Total Revenue2,466,000,000USD2,412,000,000USD2,936,000,000USD2,288,000,000USD2,261,000,000USD2,223,000,000USD3,035,000,000USD2,265,000,000USD
    Other Operating Expenses380,000,000USD385,000,000USD355,000,000USD352,000,000USD336,000,000USD365,000,000USD——
    Operating Income364,000,000USD448,000,000USD1,016,000,000USD418,000,000USD368,000,000USD432,000,000USD901,000,000USD212,000,000USD
    Total Other Income Expense Net-72,000,000USD-72,000,000USD-69,000,000USD-28,000,000USD-55,000,000USD-129,000,000USD787,000,000USD-44,000,000USD
    Interest Expense78,000,000USD77,000,000USD66,000,000USD65,000,000USD64,000,000USD65,000,000USD66,000,000USD68,000,000USD
    Labor And Related Expense1,551,000,000USD1,434,000,000USD1,439,000,000USD1,413,000,000USD1,449,000,000USD1,324,000,000USD——
    Income Before Tax292,000,000USD376,000,000USD947,000,000USD390,000,000USD313,000,000USD303,000,000USD1,688,000,000USD168,000,000USD
    Income Tax Expense57,000,000USD70,000,000USD197,000,000USD77,000,000USD-21,000,000USD65,000,000USD440,000,000USD26,000,000USD
    Equity Method Income Loss-4,000,000USD-3,000,000USD-14,000,000USD-7,000,000USD-2,000,000USD1,000,000USD——
    Net Income231,000,000USD303,000,000USD736,000,000USD306,000,000USD332,000,000USD239,000,000USD1,246,000,000USD141,000,000USD
    Minority Interest2,000,000USD6,000,000USD1,000,000USD2,000,000USD1,000,000USD4,000,000USD-2,000,000USD-1,000,000USD
    Net Income Applicable To Common Shares229,000,000USD297,000,000USD735,000,000USD304,000,000USD331,000,000USD235,000,000USD——
    Cost Of Revenue——————1,367,000,000USD1,397,000,000USD
    Gross Profit——————1,668,000,000USD868,000,000USD
    Selling General Administrative——————8,000,000USD21,000,000USD
    Selling And Marketing Expenses——————56,000,000USD—
    Unclassified Operating Expenses——————703,000,000USD635,000,000USD
    Total Operating Expenses——————767,000,000USD656,000,000USD
    Net Interest Income——————-66,000,000USD-68,000,000USD
    Tax Provision——————440,000,000USD26,000,000USD
    Net Income From Continuing Ops——————1,248,000,000USD142,000,000USD
    Ebit——————1,754,000,000USD235,000,000USD
    Ebitda——————1,858,000,000USD352,000,000USD
    Depreciation And Amortization——————104,000,000USD117,000,000USD
    Reconciled Depreciation——————104,000,000USD117,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20212021-12-31 · USDFY 20072007-12-31 · USDFY 20062006-12-31 · USD
    Total Revenue9,708,000,000USD9,930,000,000USD8,998,000,000USD2,578,000,000USD2,428,000,000USD
    Other Operating Expenses1,408,000,000USD1,833,000,000USD—1,958,000,000USD1,876,000,000USD
    Operating Income2,234,000,000USD627,000,000USD2,202,000,000USD620,000,000USD552,000,000USD
    Total Other Income Expense Net-281,000,000USD-523,000,000USD490,000,000USD-66,000,000USD-38,000,000USD
    Interest Expense260,000,000USD263,000,000USD211,000,000USD66,000,000USD38,000USD
    Labor And Related Expense5,625,000,000USD5,502,000,000USD———
    Income Before Tax1,953,000,000USD104,000,000USD2,692,000,000USD554,000,000USD514,000,000USD
    Income Tax Expense318,000,000USD192,000,000USD536,000,000USD144,000,000USD63,000,000USD
    Equity Method Income Loss-22,000,000USD2,000,000USD———
    Net Income1,613,000,000USD-88,000,000USD4,222,000,000USD409,000,000USD449,000,000USD
    Minority Interest8,000,000USD10,000,000USD-14,000,000USD——
    Net Income Applicable To Common Shares1,605,000,000USD-98,000,000USD4,222,000,000USD——
    Discontinued Operations—0USD2,080,000,000USD——
    Cost Of Revenue——5,253,000,000USD1,908,000,000USD1,911,000USD
    Gross Profit——3,745,000,000USD2,578,000,000USD2,428,000,000USD
    Research Development——0USD——
    Selling General Administrative——6,926,000,000USD——
    Unclassified Operating Expenses——-5,383,000,000USD——
    Total Operating Expenses——1,543,000,000USD1,958,000,000USD1,876,000,000USD
    Net Interest Income——-211,000,000USD——
    Tax Provision——536,000,000USD——
    Net Income From Continuing Ops——2,156,000,000USD——
    Ebit——2,903,000,000USD620,000,000USD552,000,000USD
    Ebitda——3,553,000,000USD686,000,000USD615,000,000USD
    Depreciation And Amortization——650,000,000USD66,000,000USD63,000,000USD
    Reconciled Depreciation——650,000,000USD——
    Non Operating Income Net Other——701,000,000USD——
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets30,559,000,000USD29,637,000,000USD29,530,000,000USD27,439,000,000USD28,478,000,000USD28,064,000,000USD27,681,000,000USD27,168,000,000USD
    Cash And Equivalents1,627,000,000USD1,855,000,000USD3,132,000,000USD1,895,000,000USD1,963,000,000USD1,507,000,000USD1,890,000,000USD—
    Cash And Short Term Investments1,661,000,000USD—3,157,000,000USD1,920,000,000USD1,988,000,000USD——1,372,000,000USD
    Short Term Investments34,000,000USD—25,000,000USD25,000,000USD25,000,000USD——4,000,000USD
    Total Current Assets16,745,000,000USD16,085,000,000USD16,874,000,000USD14,621,000,000USD15,605,000,000USD15,461,000,000USD15,105,000,000USD14,313,000,000USD
    Other Current Assets59,000,000USD601,000,000USD56,000,000USD77,000,000USD51,000,000USD1,295,000,000USD60,000,000USD10,823,000,000USD
    Other Non Current Assets928,000,000USD904,000,000USD866,000,000USD942,000,000USD934,000,000USD803,000,000USD806,000,000USD—
    Total Liabilities22,789,000,000USD21,578,000,000USD21,478,000,000USD19,629,000,000USD20,298,000,000USD19,850,000,000USD19,664,000,000USD—
    Total Current Liabilities15,245,000,000USD13,547,000,000USD14,004,000,000USD13,243,000,000USD13,871,000,000USD13,384,000,000USD12,598,000,000USD12,535,000,000USD
    Other Current Liabilities767,000,000USD906,000,000USD797,000,000USD735,000,000USD752,000,000USD923,000,000USD765,000,000USD—
    Other Non Current Liabilities340,000,000USD251,000,000USD246,000,000USD255,000,000USD246,000,000USD296,000,000USD254,000,000USD—
    Total Stockholder Equity7,688,000,000USD7,977,000,000USD7,976,000,000USD7,735,000,000USD8,100,000,000USD8,133,000,000USD7,940,000,000USD7,492,000,000USD
    Total Equity Including Noncontrolling Interest7,770,000,000USD8,059,000,000USD8,052,000,000USD7,810,000,000USD8,180,000,000USD8,214,000,000USD8,017,000,000USD—
    Short Long Term Debt1,498,000,000USD0USD1,100,000,000USD1,100,000,000USD1,098,000,000USD1,098,000,000USD0USD—
    Long Term Debt5,781,000,000USD6,304,000,000USD5,756,000,000USD4,763,000,000USD4,762,000,000USD4,761,000,000USD5,309,000,000USD5,308,000,000USD
    Net Receivables2,603,000,000USD2,648,000,000USD2,702,000,000USD2,189,000,000USD2,364,000,000USD2,366,000,000USD2,494,000,000USD2,118,000,000USD
    Property Plant Equipment Net1,149,000,000USD1,170,000,000USD1,182,000,000USD1,166,000,000USD1,191,000,000USD1,154,000,000USD1,146,000,000USD1,249,000,000USD
    Goodwill9,735,000,000USD9,662,000,000USD8,938,000,000USD8,936,000,000USD8,938,000,000USD8,841,000,000USD8,799,000,000USD—
    Intangible Assets1,444,000,000USD1,275,000,000USD1,141,000,000USD1,185,000,000USD1,232,000,000USD1,255,000,000USD1,295,000,000USD1,360,000,000USD
    Short Term Debt117,000,000USD117,000,000USD125,000,000USD123,000,000USD124,000,000USD120,000,000USD118,000,000USD122,000,000USD
    Retained Earnings-699,000,000USD-392,000,000USD-296,000,000USD-593,000,000USD-206,000,000USD51,000,000USD109,000,000USD-650,000,000USD
    Accumulated Other Comprehensive Income-2,849,000,000USD-2,870,000,000USD-2,834,000,000USD-2,709,000,000USD-2,706,000,000USD-2,935,000,000USD-3,158,000,000USD-2,810,000,000USD
    Total Liab———————19,598,000,000USD
    Other Current Liab———————12,413,000,000USD
    Capital Stock———————0USD
    Good Will———————8,882,000,000USD
    Cash———————1,372,000,000USD
    Current Deferred Revenue———————2,027,000,000USD
    Net Debt———————4,617,000,000USD
    Short Long Term Debt Total———————5,989,000,000USD
    Long Term Investments———————91,000,000USD
    Accounts Payable———————-122,000,000USD
    Property Plant Equipment Gross———————1,249,000,000USD
    Common Stock Shares Outstanding———————102,000,000shares
    Non Current Assets Total———————12,855,000,000USD
    Non Current Liabilities Total———————7,063,000,000USD
    Non Current Liabilities Other———————53,000,000USD
    Non Currrent Assets Other———————1,169,000,000USD
    Net Working Capital———————1,778,000,000USD
    Unclassified Current Liabilities———————-2,027,000,000USD
    Unclassified Non Current Liabilities———————1,702,000,000USD
    Unclassified Equity———————10,952,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets29,530,000,000USD27,681,000,000USD29,090,000,000USD31,769,000,000USD34,970,000,000USD38,531,000,000USD35,511,000,000USD32,396,000,000USD
    Cash And Equivalents3,132,000,000USD1,890,000,000USD——————
    Cash And Short Term Investments3,157,000,000USD—1,424,000,000USD1,262,000,000USD4,686,000,000USD2,039,000,000USD887,000,000USD1,033,000,000USD
    Short Term Investments25,000,000USD—4,000,000USD43,000,000USD200,000,000USD15,160,000,000USD13,089,000,000USD12,604,000,000USD
    Total Current Assets16,874,000,000USD15,105,000,000USD13,433,000,000USD15,835,000,000USD18,488,000,000USD20,301,000,000USD17,122,000,000USD16,420,000,000USD
    Other Current Assets56,000,000USD60,000,000USD9,437,000,000USD12,186,000,000USD11,432,000,000USD15,854,000,000USD13,529,000,000USD13,008,000,000USD
    Other Non Current Assets866,000,000USD806,000,000USD——————
    Total Liabilities21,478,000,000USD19,664,000,000USD——————
    Total Current Liabilities14,004,000,000USD12,598,000,000USD12,630,000,000USD14,779,000,000USD14,724,000,000USD19,332,000,000USD16,155,000,000USD15,301,000,000USD
    Other Current Liabilities797,000,000USD765,000,000USD——————
    Other Non Current Liabilities246,000,000USD254,000,000USD——————
    Total Stockholder Equity7,976,000,000USD7,940,000,000USD9,520,000,000USD10,016,000,000USD13,260,000,000USD10,820,000,000USD10,249,000,000USD9,852,000,000USD
    Total Equity Including Noncontrolling Interest8,052,000,000USD8,017,000,000USD——————
    Short Long Term Debt1,100,000,000USD0USD650,000,000USD250,000,000USD613,000,000USD971,000,000USD316,000,000USD186,000,000USD
    Long Term Debt5,756,000,000USD5,309,000,000USD4,567,000,000USD4,471,000,000USD3,974,000,000USD4,664,000,000USD5,301,000,000USD4,389,000,000USD
    Net Receivables2,702,000,000USD2,494,000,000USD2,572,000,000USD2,387,000,000USD2,370,000,000USD2,408,000,000USD2,621,000,000USD2,379,000,000USD
    Property Plant Equipment Net1,182,000,000USD1,146,000,000USD1,285,000,000USD1,304,000,000USD1,571,000,000USD1,916,000,000USD2,014,000,000USD942,000,000USD
    Goodwill8,938,000,000USD8,799,000,000USD——————
    Intangible Assets1,141,000,000USD1,295,000,000USD2,016,000,000USD2,273,000,000USD2,555,000,000USD3,043,000,000USD3,478,000,000USD3,318,000,000USD
    Short Term Debt125,000,000USD118,000,000USD775,000,000USD376,000,000USD763,000,000USD1,123,000,000USD480,000,000USD186,000,000USD
    Retained Earnings-296,000,000USD109,000,000USD1,466,000,000USD1,764,000,000USD4,645,000,000USD2,434,000,000USD1,792,000,000USD1,201,000,000USD
    Accumulated Other Comprehensive Income-2,834,000,000USD-3,158,000,000USD-2,856,000,000USD-2,621,000,000USD-2,186,000,000USD-2,359,000,000USD-2,227,000,000USD-1,961,000,000USD
    Total Liab——19,497,000,000USD21,676,000,000USD21,662,000,000USD27,599,000,000USD25,142,000,000USD22,387,000,000USD
    Other Current Liab——10,654,000,000USD13,345,000,000USD12,785,000,000USD17,250,000,000USD14,596,000,000USD14,295,000,000USD
    Capital Stock——0USD0USD0USD0USD0USD0USD
    Good Will——10,195,000,000USD10,173,000,000USD10,183,000,000USD11,204,000,000USD11,194,000,000USD10,477,000,000USD
    Other Assets——-28,315,000,000USD-31,393,000,000USD-34,207,000,000USD-37,408,000,000USD-34,946,000,000USD-32,199,000,000USD
    Cash——1,424,000,000USD1,262,000,000USD4,486,000,000USD2,039,000,000USD887,000,000USD1,033,000,000USD
    Current Deferred Revenue——5,000,000USD1,915,000,000USD1,926,000,000USD2,161,000,000USD1,784,000,000USD1,647,000,000USD
    Net Debt——4,517,000,000USD4,217,000,000USD1,000,000,000USD4,684,000,000USD5,880,000,000USD3,691,000,000USD
    Short Long Term Debt Total——5,941,000,000USD5,479,000,000USD5,486,000,000USD6,723,000,000USD6,767,000,000USD4,724,000,000USD
    Long Term Investments——88,000,000USD90,000,000USD55,000,000USD24,000,000USD23,000,000USD7,000,000USD
    Inventory——92,000,000USD-20,655,000,000USD11,020,000,000USD15,160,000,000USD13,089,000,000USD12,604,000,000USD
    Accounts Payable——1,073,000,000USD975,000,000USD898,000,000USD857,000,000USD856,000,000USD691,000,000USD
    Property Plant Equipment Gross——2,636,000,000USD1,304,000,000USD1,571,000,000USD1,916,000,000USD2,014,000,000USD—
    Common Stock Shares Outstanding——106,000,000shares112,000,000shares129,000,000shares130,000,000shares130,000,000shares132,000,000shares
    Non Current Assets Total——15,657,000,000USD15,934,000,000USD16,482,000,000USD18,230,000,000USD18,389,000,000USD15,976,000,000USD
    Non Current Liabilities Total——6,867,000,000USD6,897,000,000USD6,938,000,000USD8,267,000,000USD8,987,000,000USD7,086,000,000USD
    Non Current Liabilities Other——65,000,000USD221,000,000USD253,000,000USD109,000,000USD89,000,000USD87,000,000USD
    Non Currrent Assets Other——1,987,000,000USD2,026,000,000USD2,039,000,000USD1,948,000,000USD1,608,000,000USD1,173,000,000USD
    Net Working Capital——803,000,000USD1,056,000,000USD3,764,000,000USD969,000,000USD967,000,000USD1,119,000,000USD
    Unclassified Current Liabilities——-527,000,000USD-2,082,000,000USD-2,261,000,000USD-3,030,000,000USD-1,877,000,000USD-1,704,000,000USD
    Unclassified Non Current Liabilities——2,235,000,000USD-337,000,000USD-364,000,000USD730,000,000USD821,000,000USD-108,000,000USD
    Unclassified Equity——10,910,000,000USD10,876,000,000USD10,804,000,000USD10,745,000,000USD10,684,000,000USD10,612,000,000USD
    Deferred Long Term Liab———748,000,000USD845,000,000USD98,000,000USD76,000,000USD46,000,000USD
    Other Liab———1,794,000,000USD2,230,000,000USD2,666,000,000USD2,700,000,000USD2,672,000,000USD
    Treasury Stock———-3,000,000USD-3,000,000USD———
    Net Tangible Assets———-2,430,000,000USD522,000,000USD-3,427,000,000USD-4,423,000,000USD-3,931,000,000USD
    Unclassified Current Assets————-11,020,000,000USD-30,320,000,000USD-26,093,000,000USD-25,208,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USD
    Depreciation214,000,000USD311,000,000USD208,000,000USD
    Stock Based Compensation109,000,000USD104,000,000USD68,000,000USD
    Other Non Cash Items-31,000,000USD-34,000,000USD-18,000,000USD
    Change To Account Receivables121,000,000USD382,000,000USD225,000,000USD
    Change To Liabilities-475,000,000USD-689,000,000USD-778,000,000USD
    Change In Working Capital-451,000,000USD-449,000,000USD-652,000,000USD
    Operating Cash Flow474,000,000USD1,004,000,000USD326,000,000USD
    Capital Expenditures-114,000,000USD-166,000,000USD-109,000,000USD
    Other Investing Activities-1,039,000,000USD-14,000,000USD-14,000,000USD
    Unclassified Investing Cash Flow-23,000,000USD750,000,000USD778,000,000USD
    Investing Cash Flow-1,176,000,000USD530,000,000USD612,000,000USD
    Net Debt Issuance-552,000,000USD-4,000,000USD-2,000,000USD
    Net Common Stock Issuance-807,000,000USD-1,353,000,000USD-743,000,000USD
    Common Dividends Paid-178,000,000USD-269,000,000USD-179,000,000USD
    Unclassified Financing Cash Flow926,000,000USD315,000,000USD124,000,000USD
    Financing Cash Flow-611,000,000USD-1,311,000,000USD-800,000,000USD
    Effect Of Forex Changes On Cash-34,000,000USD202,000,000USD207,000,000USD
    Change In Cash-1,347,000,000USD425,000,000USD345,000,000USD
    End Cash Flow5,140,000,000USD5,423,000,000USD5,343,000,000USD
    Net Investments—-40,000,000USD-43,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Depreciation110,000,000USD104,000,000USD107,000,000USD103,000,000USD106,000,000USD102,000,000USD-122,000,000USD116,000,000USD
    Stock Based Compensation67,000,000USD42,000,000USD49,000,000USD36,000,000USD31,000,000USD37,000,000USD36,000,000USD31,000,000USD
    Other Non Cash Items-13,000,000USD-18,000,000USD-25,000,000USD-16,000,000USD-9,000,000USD-9,000,000USD-542,000,000USD2,260,000,000USD
    Change To Account Receivables46,000,000USD75,000,000USD-510,000,000USD157,000,000USD63,000,000USD162,000,000USD-504,000,000USD153,000,000USD
    Change To Liabilities42,000,000USD-517,000,000USD231,000,000USD89,000,000USD-87,000,000USD-691,000,000USD——
    Change In Working Capital42,000,000USD-493,000,000USD-253,000,000USD203,000,000USD-124,000,000USD-528,000,000USD-187,000,000USD101,000,000USD
    Operating Cash Flow484,000,000USD-10,000,000USD771,000,000USD678,000,000USD361,000,000USD-35,000,000USD——
    Capital Expenditures-59,000,000USD-55,000,000USD-63,000,000USD-57,000,000USD-58,000,000USD-51,000,000USD189,000,000USD-63,000,000USD
    Other Investing Activities-247,000,000USD-792,000,000USD-1,000,000USD0USD-13,000,000USD-1,000,000USD——
    Unclassified Investing Cash Flow-30,000,000USD7,000,000USD-19,000,000USD-28,000,000USD810,000,000USD-32,000,000USD-184,000,000USD252,000,000USD
    Investing Cash Flow-336,000,000USD-840,000,000USD-83,000,000USD-82,000,000USD696,000,000USD-84,000,000USD——
    Net Debt Issuance-1,000,000USD-551,000,000USD-6,000,000USD-2,000,000USD-1,000,000USD-1,000,000USD——
    Net Common Stock Issuance-505,000,000USD-302,000,000USD-353,000,000USD-610,000,000USD-541,000,000USD-202,000,000USD——
    Common Dividends Paid-90,000,000USD-88,000,000USD-89,000,000USD-90,000,000USD-91,000,000USD-88,000,000USD——
    Unclassified Financing Cash Flow188,000,000USD738,000,000USD823,000,000USD191,000,000USD-191,000,000USD315,000,000USD-91,000,000USD—
    Financing Cash Flow-408,000,000USD-203,000,000USD375,000,000USD-511,000,000USD-824,000,000USD24,000,000USD——
    Effect Of Forex Changes On Cash-5,000,000USD-29,000,000USD1,000,000USD-5,000,000USD127,000,000USD80,000,000USD——
    Change In Cash-265,000,000USD-1,082,000,000USD1,064,000,000USD80,000,000USD360,000,000USD-15,000,000USD286,000,000USD336,000,000USD
    End Cash Flow5,140,000,000USD5,405,000,000USD6,487,000,000USD5,423,000,000USD5,343,000,000USD4,983,000,000USD——
    Net Income——————1,248,000,000USD-1,672,000,000USD
    Total Cash From Operating Activities——————599,000,000USD482,000,000USD
    Free Cash Flow——————788,000,000USD419,000,000USD
    Investments——————480,000,000USD-72,000,000USD
    Total Cashflows From Investing Activities——————480,000,000USD-72,000,000USD
    Net Borrowings——————-2,000,000USD-1,000,000USD
    Total Cash From Financing Activities——————-664,000,000USD-159,000,000USD
    Dividends Paid——————-89,000,000USD-89,000,000USD
    Sale Purchase Of Stock——————-395,000,000USD-205,000,000USD
    Begin Period Cash Flow——————4,712,000,000USD4,376,000,000USD
    End Period Cash Flow——————4,998,000,000USD4,712,000,000USD
    Other Cashflows From Investing Activities——————-5,000,000USD-189,000,000USD
    Other Cashflows From Financing Activities——————-87,000,000USD136,000,000USD
    Unclassified Operating Cash Flow——————166,000,000USD-354,000,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Depreciation418,000,000USD456,000,000USD505,000,000USD567,000,000USD650,000,000USD770,000,000USD729,000,000USD747,000,000USD
    Stock Based Compensation153,000,000USD121,000,000USD125,000,000USD99,000,000USD101,000,000USD90,000,000USD74,000,000USD54,000,000USD
    Deferred Income Tax55,000,000USD-213,000,000USD——————
    Other Non Cash Items-59,000,000USD-58,000,000USD140,000,000USD60,000,000USD-2,703,000,000USD-125,000,000USD67,000,000USD-112,000,000USD
    Change To Account Receivables-128,000,000USD-233,000,000USD-206,000,000USD-188,000,000USD-134,000,000USD72,000,000USD-261,000,000USD68,000,000USD
    Change To Liabilities-458,000,000USD301,000,000USD—-495,000,000USD-175,000,000USD0USD0USD0USD
    Change In Working Capital-702,000,000USD-305,000,000USD-371,000,000USD-888,000,000USD-449,000,000USD-80,000,000USD-790,000,000USD-1,000,000USD
    Operating Cash Flow1,775,000,000USD1,512,000,000USD——————
    Capital Expenditures-229,000,000USD—-242,000,000USD-204,000,000USD-201,000,000USD-286,000,000USD-305,000,000USD-322,000,000USD
    Net Investments-40,000,000USD———————
    Other Investing Activities-15,000,000USD-107,000,000USD——————
    Unclassified Investing Cash Flow731,000,000USD357,000,000USD1,135,000,000USD577,000,000USD-2,569,000,000USD303,000,000USD302,000,000USD309,000,000USD
    Investing Cash Flow447,000,000USD250,000,000USD——————
    Net Debt Issuance-10,000,000USD-660,000,000USD——————
    Net Common Stock Issuance-1,706,000,000USD-957,000,000USD——————
    Common Dividends Paid-358,000,000USD-354,000,000USD——————
    Unclassified Financing Cash Flow1,138,000,000USD1,512,000,000USD—-738,000,000USD—-266,000,000USD-2,052,000,000USD45,000,000USD
    Financing Cash Flow-936,000,000USD-459,000,000USD——————
    Effect Of Forex Changes On Cash203,000,000USD-97,000,000USD——————
    Change In Cash1,489,000,000USD1,206,000,000USD-929,000,000USD-2,970,000,000USD1,590,000,000USD1,201,000,000USD-138,000,000USD3,000,000USD
    End Cash Flow6,487,000,000USD4,998,000,000USD——————
    Net Income——1,055,000,000USD1,024,000,000USD4,236,000,000USD1,020,000,000USD1,073,000,000USD715,000,000USD
    Total Cash From Operating Activities——1,345,000,000USD812,000,000USD2,061,000,000USD1,774,000,000USD1,081,000,000USD1,288,000,000USD
    Free Cash Flow——1,103,000,000USD608,000,000USD1,860,000,000USD1,488,000,000USD776,000,000USD966,000,000USD
    Investments——-1,145,000,000USD-173,000,000USD2,770,000,000USD-160,000,000USD-1,614,000,000USD-341,000,000USD
    Total Cashflows From Investing Activities——-1,085,000,000USD-173,000,000USD2,770,000,000USD-160,000,000USD-1,614,000,000USD-341,000,000USD
    Net Borrowings——494,000,000USD160,000,000USD-1,008,000,000USD-45,000,000USD971,000,000USD74,000,000USD
    Total Cash From Financing Activities——-1,200,000,000USD-3,445,000,000USD-3,114,000,000USD-434,000,000USD397,000,000USD-903,000,000USD
    Dividends Paid——-352,000,000USD-369,000,000USD-374,000,000USD-346,000,000USD-329,000,000USD-306,000,000USD
    Sale Purchase Of Stock——-1,000,000,000USD-3,530,000,000USD-1,627,000,000USD282,000,000USD-150,000,000USD-602,000,000USD
    Issuance Of Capital Stock——0USD7,000,000USD10,000,000USD16,000,000USD45,000,000USD45,000,000USD
    Begin Period Cash Flow——4,721,000,000USD7,691,000,000USD6,301,000,000USD895,000,000USD1,033,000,000USD1,030,000,000USD
    End Period Cash Flow——3,792,000,000USD4,721,000,000USD7,891,000,000USD2,096,000,000USD895,000,000USD1,033,000,000USD
    Other Cashflows From Investing Activities——-833,000,000USD-373,000,000USD2,770,000,000USD-17,000,000USD3,000,000USD13,000,000USD
    Other Cashflows From Financing Activities——-342,000,000USD1,032,000,000USD-115,000,000USD-59,000,000USD1,957,000,000USD-114,000,000USD
    Unclassified Operating Cash Flow——-109,000,000USD-50,000,000USD226,000,000USD99,000,000USD-72,000,000USD-115,000,000USD
    Cash And Cash Equivalents Changes———-2,806,000,000USD1,517,000,000USD———
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductBroking1,107,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductConsulting854,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductOutsourced Administration304,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductProduct And Service Other201,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentCorporate3,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentHealth Wealth And Career1,284,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentRisk And Broking1,141,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductBroking1,033,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductConsulting861,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductOutsourced Administration298,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductProduct And Service Other220,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentCorporate2,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentHealth Wealth And Career1,275,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentRisk And Broking1,086,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31ProductBroking1,487,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31ProductConsulting865,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31ProductOutsourced Administration320,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31ProductProduct And Service Other264,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31SegmentCorporate4,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31SegmentHealth Wealth And Career1,659,000,000USDDisclosure
    Q4 2025Quarterly · 2025-12-31SegmentRisk And Broking1,218,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductBroking4,334,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductConsulting3,285,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductOutsourced Administration1,165,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31ProductProduct And Service Other924,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentCorporate3,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentHealth Wealth And Career5,291,000,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentRisk And Broking4,222,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductBroking915,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductConsulting818,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductOutsourced Administration299,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30ProductProduct And Service Other256,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentCorporate-5,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentHealth Wealth And Career1,269,000,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentRisk And Broking976,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductBroking996,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductConsulting804,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductOutsourced Administration257,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30ProductProduct And Service Other204,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentCorporate3,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentHealth Wealth And Career1,190,000,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentRisk And Broking1,022,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31ProductBroking936,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31ProductConsulting798,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31ProductOutsourced Administration289,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31ProductProduct And Service Other200,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31SegmentCorporate1,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31SegmentHealth Wealth And Career1,173,000,000USDDisclosure
    Q1 2025Quarterly · 2025-03-31SegmentRisk And Broking1,006,000,000USDDisclosure
    Q4 2024Quarterly · 2024-12-31ProductBroking1,669,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductConsulting805,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductOutsourced Administration313,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductProduct And Service Other248,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentCorporate13,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentHealth Wealth And Career1,860,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentRisk And Broking1,114,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductBroking4,809,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductConsulting3,066,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductOutsourced Administration1,167,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31ProductProduct And Service Other888,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentCorporate11,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentHealth Wealth And Career5,804,000,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentRisk And Broking3,924,000,000USDDisclosure
    Q4 2023Quarterly · 2023-12-31ProductBroking1,601,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31ProductConsulting754,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31ProductOutsourced Administration313,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31ProductProduct And Service Other246,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31SegmentCorporate9,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31SegmentHealth Wealth And Career1,814,000,000USDLegacy provider
    Q4 2023Quarterly · 2023-12-31SegmentRisk And Broking1,036,000,000USDLegacy provider
    FY 2023Yearly · 2023-12-31ProductBroking4,486,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31ProductConsulting2,986,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31ProductOutsourced Administration1,159,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31ProductProduct And Service Other852,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentCorporate38,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentHealth Wealth And Career5,625,000,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentRisk And Broking3,641,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductBroking4,167,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductConsulting2,902,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductOutsourced Administration1,054,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31ProductProduct And Service Other743,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentCorporate19,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentHealth Wealth And Career5,312,000,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentRisk And Broking3,395,000,000USDDisclosure
    FY 2021Yearly · 2021-12-31ProductBroking4,182,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31ProductConsulting2,936,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31ProductOutsourced Administration1,134,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31ProductProduct And Service Other746,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31SegmentCorporate-12,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31SegmentDivested Businesses71,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31SegmentHealth Wealth And Career5,291,000,000USD0000950170-24-018575
    FY 2021Yearly · 2021-12-31SegmentRisk And Broking3,476,000,000USD0000950170-24-018575
    FY 2020Yearly · 2020-12-31ProductBroking4,139,000,000USD0000950170-23-004303
    FY 2020Yearly · 2020-12-31ProductConsulting2,756,000,000USD0000950170-23-004303
    FY 2020Yearly · 2020-12-31ProductOutsourced Administration1,109,000,000USD0000950170-23-004303
    FY 2020Yearly · 2020-12-31ProductProduct And Service Other611,000,000USD0000950170-23-004303
    FY 2020Yearly · 2020-12-31SegmentBenefits Delivery And Administration1,371,000,000USD0000950170-22-001932
    FY 2020Yearly · 2020-12-31SegmentCorporate Risk And Broking2,940,000,000USD0000950170-22-001932
    FY 2020Yearly · 2020-12-31SegmentHuman Capital And Benefits3,311,000,000USD0000950170-22-001932
    FY 2020Yearly · 2020-12-31SegmentInvestment Risk And Reinsurance927,000,000USD0000950170-22-001932

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.