Willis Towers Watson Public Limited Company (WTW) Financial Statements
Willis Towers Watson Public financial statements at a glance
Willis Towers Watson Public reported revenue of $9.71 billion for fiscal year 2025 (ended December 31, 2025), down 2.2% from fiscal year 2024. Net income was $1.61 billion, a net margin of 16.5%, and diluted earnings per share were $16.26.
At the end of fiscal year 2025 it had total assets of $29.53 billion, total liabilities of $21.48 billion and shareholders' equity of $7.98 billion, with cash and short-term investments of $3.17 billion and total debt of $6.90 billion.
Its operations brought in $1.78 billion of cash; capital spending was $229.00 million, leaving free cash flow of $1.55 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Willis Towers Watson Public Limited Company
Income Statement
Annual • USD
Willis Towers Watson Public key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $9.7B | $9.9B | $9.5B | $8.9B | $9.0B |
| Gross profit | $4.1B | $4.4B | $4.1B | $3.8B | $3.7B |
| Operating income | $2.3B | $2.1B | $1.8B | $1.5B | $1.4B |
| Net income | $1.6B | -$98.0M | $1.1B | $1.0B | $4.2B |
| Diluted EPS | $16.26 | -$0.96 | $9.95 | $8.98 | $32.78 |
| Total assets | $29.5B | $27.7B | $29.1B | $31.8B | $35.0B |
| Total liabilities | $21.5B | $19.7B | $19.5B | $21.7B | $21.7B |
| Shareholders' equity | $8.0B | $7.9B | $9.5B | $10.0B | $13.3B |
| Cash and short-term investments | $3.2B | $1.9B | $1.4B | $1.3B | $4.7B |
| Total debt | $6.9B | $5.9B | $5.9B | $5.5B | $5.5B |
| Operating cash flow | $1.8B | $1.5B | $1.3B | $812.0M | $2.1B |
| Capital spending | $229.0M | $245.0M | $242.0M | $204.0M | $201.0M |
| Free cash flow | $1.5B | $1.3B | $1.1B | $608.0M | $1.9B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Willis Towers Watson Public's revenue in fiscal year 2025?
$9.71 billion, down 2.2% from $9.93 billion in fiscal year 2024.
How much profit does Willis Towers Watson Public make?
Willis Towers Watson Public reported net income of $1.61 billion for fiscal year 2025 (16.5% of revenue); operating income was $2.26 billion.
How much cash and debt does Willis Towers Watson Public have?
At the end of fiscal year 2025: cash and short-term investments of $3.17 billion and total debt of $6.90 billion.
What is Willis Towers Watson Public's free cash flow?
$1.55 billion in fiscal year 2025 (operating cash flow of $1.78 billion minus capital spending of $229.00 million).
