WTW (Willis Towers Watson Public Limited Company) Stock Financials & Earnings | Market Cap Arena

WTW (Willis Towers Watson Public Limited Company) Stock Financials & Earnings | Market Cap Arena

WTWWillis Towers Watson Public Limited Company

Mkt Cap$28B

Financial Services·Insurance - Brokers·🇬🇧 United Kingdom·NASDAQ

Revenue (TTM)$9.7B

Net Income (TTM)$1.6B

EPS (TTM)$16.37

Free Cash Flow (TTM)$1.6B

Gross Margin42.1%

Op. Margin23.0%

Net Margin16.5%

FCF Margin16.0%

P/S Ratio (TTM)2.9x

P/E Ratio (TTM)17.5x

YoY Rev Growth-2.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.2B	$931M	$285M
Q2 23	$2.2B	$812M	$142M
Q3 23	$2.2B	$1.8B	$159M
Q4 23	$2.9B	$2.4B	$779M
Q1 24	$2.3B	$999M	$280M
Q2 24	$2.3B	$868M	$212M
Q3 24	$2.3B	$893M	-$766M
Q4 24	$3.0B	$1.7B	$901M
Q1 25	$2.2B	$899M	$432M
Q2 25	$2.3B	$812M	$368M
Q3 25	$2.3B	$875M	$418M
Q4 25	$2.9B	$1.5B	$1.0B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.1x	25.7x
Q2 23	3.1x	26.1x
Q3 23	3.0x	27.4x
Q4 23	3.0x	26.6x
Q1 24	2.9x	26.9x
Q2 24	2.9x	25.7x
Q3 24	2.9x	—
Q4 24	2.8x	—
Q1 25	2.9x	—
Q2 25	2.9x	204.6x
Q3 25	2.9x	13.2x
Q4 25	2.9x	17.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$134M	$73M
Q2 23	$296M	$236M
Q3 23	$393M	$332M
Q4 23	$522M	$462M
Q1 24	$24M	-$36M
Q2 24	$407M	$341M
Q3 24	$482M	$419M
Q4 24	$599M	$788M
Q1 25	-$35M	-$86M
Q2 25	$361M	$303M
Q3 25	$678M	$627M
Q4 25	$771M	$708M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$61M
Q2 23	$60M
Q3 23	$61M
Q4 23	$60M
Q1 24	$60M
Q2 24	$66M
Q3 24	$63M
Q4 24	$189M
Q1 25	$51M
Q2 25	$58M
Q3 25	$51M
Q4 25	$63M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+3.9%	-1.1%
Q2 23	+6.3%	+6.5%
Q3 23	+10.9%	+11.6%
Q4 23	+7.1%	+6.0%
Q1 24	+4.3%	+5.2%
Q2 24	+4.9%	+1.8%
Q3 24	+5.7%	+52.2%
Q4 24	+4.2%	-0.0%
Q1 25	-5.0%	-13.1%
Q2 25	-0.2%	-7.8%
Q3 25	-0.0%	-38.8%
Q4 25	-3.3%	-10.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$26M	1.2%
Q2 23	$32M	1.5%
Q3 23	$29M	1.3%
Q4 23	$38M	1.3%
Q1 24	$24M	1.0%
Q2 24	$30M	1.3%
Q3 24	$31M	1.4%
Q4 24	$36M	1.2%
Q1 25	$37M	1.7%
Q2 25	$31M	1.4%
Q3 25	$36M	1.6%
Q4 25	$49M	1.7%

OpEx Breakdown

Quarter	G&A
Q4 23	$54M
Q3 24	$29M

Revenue Segments

Quarter	Health, Wealth and Career	Risk and Broking
Q1 23	$1.3B	$907M
Q3 23	$1.3B	$858M
Q1 24	$1.4B	$981M
Q2 24	$1.3B	$982M
Q3 24	$1.3B	$943M
Q4 24	$1.9B	$1.1B
Q1 25	$1.2B	$1.0B
Q2 25	$1.2B	$1.1B
Q3 25	$1.3B	$1.0B
Q4 25	$1.7B	$1.3B

Revenue by Geography

Quarter	Ireland	Rest Of World	United Kingdom	United States
Q1 25	$35M	$805M	$451M	$932M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.1B	$0	$1.1B
Q2 23	$1.6B	$0	$1.6B
Q3 23	$1.2B	$0	$1.2B
Q4 23	$1.4B	$0	$1.4B
Q1 24	$1.9B	$0	$1.9B
Q2 24	$1.2B	$0	$1.2B
Q3 24	$1.4B	$0	$1.4B
Q4 24	$1.9B	$0	$1.9B
Q1 25	$1.5B	$0	$1.5B
Q2 25	$2.0B	$28M	$2.0B
Q3 25	$1.9B	$30M	$1.9B
Q4 25	$3.1B	$0	$3.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	108M	-0.9%
Q2 23	107M	-0.9%
Q3 23	105M	-1.9%
Q4 23	104M	-1.0%
Q1 24	104M	+0.0%
Q2 24	103M	-1.0%
Q3 24	102M	-1.0%
Q4 24	102M	+0.0%
Q1 25	101M	-1.0%
Q2 25	100M	-1.0%
Q3 25	100M	+0.0%
Q4 25	97M	-3.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$172K	22K
FY 15	$98K	39K
FY 16	$192K	41K
FY 17	$191K	43K
FY 18	$198K	43K
FY 19	$186K	45K
FY 20	$187K	46K
FY 21	$204K	44K
FY 22	$190K	47K
FY 23	$198K	48K
FY 24	$18M	550
FY 25	$18M	550