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Complete financial analysis of Willis Towers Watson Public Limited Company (WTW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Willis Towers Watson Public Limited Company, a leading company in the Insurance – Brokers industry within the Financial Services sector.
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Willis Towers Watson Public Limited Company (WTW)
About Willis Towers Watson Public Limited Company
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services. It also provides advice, data, software, and products to address clients' total rewards and talent issues. In addition, the company offers risk advice, insurance brokerage, and consulting services in the areas of property and casualty, aerospace, construction, and marine. Further, it offers investment consulting and discretionary management services to insurance and reinsurance companies; insurance consulting and technology, risk and capital management, pricing and predictive modeling, financial and regulatory reporting, financial and capital modeling, merger and acquisition, outsourcing, and business management services; wholesale insurance broking services to retail and wholesale brokers; and underwriting and capital management, capital market, and advisory and brokerage services. Additionally, the company provides primary medical and ancillary benefit exchange, and outsourcing services to active employees and retirees in the group and individual markets, as well as delivers healthcare and reimbursement accounts, including health savings accounts, health reimbursement arrangements, flexible spending accounts, and other consumer-directed accounts. 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.48B | 8.87B | 9.00B | 9.35B | 9.04B | 8.51B | 8.20B | 7.89B | 3.83B | 3.80B | 3.66B | 3.48B | 3.45B | 3.34B | 3.26B | 2.83B | 2.58B | 2.43B | 2.27B | 2.28B | 2.08B | 1.74B | 1.42B | 1.31B |
| Cost of Revenue | 5.34B | 5.25B | 4.45B | 5.62B | 5.26B | 5.33B | 5.01B | 4.82B | 2.31B | 2.31B | 2.21B | 2.48B | 2.81B | 2.52B | 2.52B | 2.28B | 1.91B | 1.91M | 1.76M | 6.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 4.14B | 3.62B | 4.55B | 3.74B | 3.78B | 3.19B | 3.19B | 3.06B | 1.52B | 1.49B | 1.45B | 1.01B | 642.00M | 818.00M | 741.00M | 551.00M | 670.00M | 2.43B | 2.27B | 2.27B | 2.08B | 1.74B | 1.42B | 1.31B |
| Gross Profit Ratio | 43.65% | 40.83% | 50.58% | 39.94% | 41.79% | 37.45% | 38.87% | 38.85% | 39.78% | 39.14% | 39.62% | 28.88% | 18.59% | 24.50% | 22.71% | 19.44% | 25.99% | 99.92% | 99.92% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.14 | 0.30 | 0.12 | 0.15 | 0.10 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.09B | 1.87B | 1.83B | 0.00 | 0.00 | 0.00 | 0.00 | 1.56M | 1.41M | 1.21B | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.57B | 1.43B | 80.00M | 0.00 | 0.00 |
| SG&A | 173.00M | 189.00M | 226.00M | 235.00M | 244.00M | 243.00M | 261.00M | 302.00M | 142.00M | 0.00 | 0.00 | 0.00 | 2.09B | 1.87B | 1.83B | 2.25B | 1.91B | 1.91B | 1.81B | 1.57B | 1.43B | 1.29B | 1.21B | 1.06B |
| Other Expenses | 2.60B | 2.34B | 2.32B | 2.53B | 2.45B | 250.00M | -61.00M | -27.00M | 55.00M | 6.00M | 55.00M | 59.00M | 798.00M | 711.00M | 742.00M | 83.00M | 50.00M | -35.00M | -24.00M | 36.00M | 28.00M | 22.00M | 51.00M | 71.00M |
| Operating Expenses | 2.77B | 2.34B | 2.32B | 2.53B | 2.45B | 2.38B | 2.32B | 2.32B | 970.00M | 805.00M | 765.00M | 719.00M | 2.87B | 2.59B | 2.57B | 2.33B | 1.96B | 1.88B | 1.79B | 1.61B | 1.46B | 1.32B | 1.26B | 1.13B |
| Cost & Expenses | 8.12B | 7.59B | 6.77B | 8.15B | 7.71B | 7.70B | 7.33B | 7.14B | 3.28B | 3.12B | 2.97B | 3.19B | 2.87B | 2.59B | 2.57B | 2.33B | 1.96B | 1.88B | 1.79B | 1.61B | 1.46B | 1.32B | 1.26B | 1.13B |
| Interest Income | 0.00 | 208.00M | 211.00M | 244.00M | 234.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.00K | 72.00K | 74.00M | 0.00 | 0.00 | |
| Interest Expense | 235.00M | 208.00M | 211.00M | 244.00M | 234.00M | 208.00M | 188.00M | 184.00M | 142.00M | 135.00M | 126.00M | 128.00M | 166.00M | 174.00M | 105.00M | 0.00 | 0.00 | 0.00 | 22.00K | 53.00K | 65.00M | 0.00 | 0.00 | |
| Depreciation & Amortization | 505.00M | 7.55B | 7.58B | 7.62B | 7.68B | 7.50B | 7.05B | 769.00M | 171.00M | 146.00M | 149.00M | 138.00M | 142.00M | 145.00M | 160.00M | 90.00M | 66.00M | 63.00M | 54.00M | 47.00M | 39.00M | 35.00M | 68.00M | 72.00M |
| EBITDA | 2.02B | 1.88B | 2.40B | 2.38B | 2.03B | 2.04B | 1.97B | 1.79B | 858.00M | 841.00M | 774.00M | -3.00M | 537.00M | 898.00M | 694.00M | 593.00M | 670.00M | 517.00M | 505.00M | 713.00M | 659.00M | 419.00M | 229.00M | 244.00M |
| EBITDA Ratio | 21.29% | 24.05% | 39.78% | 25.41% | 25.28% | 21.21% | 20.02% | 18.84% | 20.34% | 21.96% | 22.76% | 12.18% | 21.11% | 26.89% | 26.17% | 20.71% | 25.99% | 21.29% | 20.07% | 31.60% | 31.21% | 25.42% | 14.89% | 20.00% |
| Operating Income | 1.37B | 1.18B | 2.20B | 1.61B | 1.33B | 809.00M | 738.00M | 551.00M | 427.00M | 647.00M | 685.00M | -209.00M | 591.00M | 753.00M | 694.00M | 504.00M | 620.00M | 552.00M | 479.00M | 666.00M | 620.00M | 419.00M | 161.00M | 154.00M |
| Operating Income Ratio | 14.39% | 13.29% | 24.47% | 17.17% | 14.70% | 9.50% | 9.00% | 6.99% | 11.15% | 17.02% | 18.74% | -6.01% | 17.12% | 22.55% | 21.27% | 17.78% | 24.05% | 22.73% | 21.13% | 29.27% | 29.87% | 24.15% | 11.31% | 11.80% |
| Total Other Income/Expenses | -86.00M | 80.00M | 490.00M | -595.00M | -7.00M | 42.00M | -24.00M | -56.00M | -87.00M | -129.00M | -164.00M | -334.00M | -327.00M | -166.00M | -174.00M | -104.00M | -66.00M | -38.00M | -2.00M | -75.00M | -53.00M | -68.00M | -82.00M | -89.00M |
| Income Before Tax | 1.28B | 1.26B | 2.69B | 1.34B | 1.32B | 851.00M | 489.00M | 340.00M | 340.00M | 518.00M | 499.00M | -337.00M | 264.00M | 587.00M | 520.00M | 399.00M | 554.00M | 514.00M | 449.00M | 627.00M | 567.00M | 354.00M | 79.00M | 65.00M |
| Income Before Tax Ratio | 13.49% | 14.19% | 29.92% | 14.31% | 14.63% | 10.00% | 5.96% | 4.31% | 8.88% | 13.62% | 13.65% | -9.68% | 7.65% | 17.58% | 15.94% | 14.08% | 21.49% | 21.17% | 19.81% | 27.56% | 27.31% | 20.40% | 5.55% | 4.98% |
| Income Tax Expense | 215.00M | 194.00M | 536.00M | 318.00M | 249.00M | 136.00M | -100.00M | 12.00M | -33.00M | 159.00M | 122.00M | 101.00M | 42.00M | 140.00M | 96.00M | 97.00M | 144.00M | 63.00M | 152.00M | 208.00M | 159.00M | 141.00M | 62.00M | 33.00M |
| Net Income | 1.06B | 1.01B | 2.16B | 996.00M | 1.04B | 695.00M | 568.00M | 312.00M | 373.00M | 362.00M | 365.00M | -446.00M | 219.00M | 455.00M | 438.00M | 303.00M | 409.00M | 449.00M | 300.00M | 427.00M | 414.00M | 210.00M | 2.00M | 9.00M |
| Net Income Ratio | 11.13% | 11.38% | 23.96% | 10.65% | 11.55% | 8.16% | 6.93% | 3.96% | 9.74% | 9.52% | 9.99% | -12.82% | 6.34% | 13.63% | 13.42% | 10.69% | 15.87% | 18.49% | 13.23% | 18.77% | 19.94% | 12.10% | 0.14% | 0.69% |
| EPS | 10.05 | 9.00 | 16.84 | 7.68 | 8.03 | 5.31 | 4.21 | 2.28 | 5.49 | 5.38 | 5.53 | -6.83 | 3.10 | 7.10 | 6.91 | 5.43 | 7.47 | 7.58 | 4.64 | 6.78 | 6.36 | 3.79 | 0.03 | 0.19 |
| EPS Diluted | 9.95 | 8.98 | 16.71 | 7.65 | 8.03 | 5.27 | 4.18 | 2.26 | 5.41 | 5.30 | 5.37 | -6.83 | 3.05 | 7.05 | 6.86 | 5.43 | 7.36 | 7.52 | 4.56 | 6.41 | 5.75 | 3.39 | 0.03 | 0.19 |
| Weighted Avg Shares Out | 105.00M | 112.00M | 128.00M | 130.00M | 130.00M | 131.00M | 135.00M | 137.00M | 68.00M | 67.20M | 66.00M | 65.26M | 65.31M | 64.18M | 63.42M | 55.87M | 54.74M | 59.27M | 60.78M | 59.27M | 57.38M | 55.49M | 51.34M | 45.80M |
| Weighted Avg Shares Out (Dil) | 106.00M | 112.00M | 129.00M | 130.00M | 130.00M | 132.00M | 136.00M | 138.00M | 69.00M | 68.33M | 68.00M | 65.31M | 66.44M | 64.55M | 63.80M | 55.87M | 55.49M | 59.65M | 61.53M | 62.67M | 63.42M | 61.91M | 55.87M | 45.80M |
WTW announces new Property & Casualty leader for Private Equity and Transactional Solutions
WTW Announces Regular Quarterly Dividend
Amid falling confidence, 1 in 3 U.S. employees wants to phase into retirement
Willis Towers Watson (WTW) Is Up 1.38% in One Week: What You Should Know
Are You Looking for a Top Momentum Pick? Why Willis Towers Watson (WTW) is a Great Choice
Willis Towers Watson Analysts Increase Their Forecasts After Upbeat Q2 Earnings
Willis Towers Watson Public Limited Company (WTW) Q2 2024 Earnings Call Transcript
Willis Towers (WTW) Q2 Earnings Beat Estimates, Improve Y/Y
Compared to Estimates, Willis Towers Watson (WTW) Q2 Earnings: A Look at Key Metrics
WTW Recognized in Forbes List of America's Best Employers for Women 2024
Source: https://incomestatements.info
Category: Stock Reports
What were WTW’s revenue and earnings for Q4 2022?
Revenue was $2.72 billion for the fourth quarter of 2022, an increase of 1% as compared to $2.71 billion for the same period in the prior year. Excluding a 4% foreign currency headwind, revenue increased 4%. On an organic basis, revenue increased 5%.
What was WTW’s operating margin in Q2 2024?
Financial Press Release
What are WTW’s full-year 2024 revenue and margin targets?
WTW has reaffirmed its targets for 2024, anticipating full-year revenue of US$9.9 billion or more, with mid-single-digit organic revenue growth.
How did WTW’s organic revenue grow in 2023?
Revenue was $9.48 billion for the year ended December 31, 2023, an increase of 7% as compared to $8.87 billion for the prior year. On an organic basis, revenue increased 8%.