Willis Towers Watson PLC (WTW) stock
WTWNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/3011% below fair value
$335.34+6.56 (+2.00%)
Close on Nov 13, 2026Market cap $30.92BP/E 20.4Yield 1.10%
Willis Towers Watson operating margin
Operating margin is operating income as a percentage of revenue.
Willis Towers Watson's operating margin for the twelve months ending Sep 30, 2026 was 22.0%. For fiscal 2025 it was 23.0%, against 6.3% the year before. The highest annual figure on record is 24.5% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 23.0% | +16.7 |
| FY2024 | Dec 31, 2024 | 6.3% | −8.1 |
| FY2023 | Dec 31, 2023 | 14.4% | +1.1 |
| FY2022 | Dec 31, 2022 | 13.3% | −11.2 |
| FY2021 | Dec 31, 2021 | 24.5% | +14.5 |
| FY2020 | Dec 31, 2020 | 10.0% | −2.6 |
| FY2019 | Dec 31, 2019 | 12.6% | +3.1 |
| FY2018 | Dec 31, 2018 | 9.5% | +3.2 |
| FY2017 | Dec 31, 2017 | 6.3% | +1.9 |
| FY2016 | Dec 31, 2016 | 4.4% | −6.7 |
| FY2015 | Dec 31, 2015 | 11.2% | −5.9 |
| FY2014 | Dec 31, 2014 | 17.0% | −1.1 |
| FY2013 | Dec 31, 2013 | 18.1% | +24.6 |
| FY2012 | Dec 31, 2012 | -6.5% | −22.9 |
| FY2011 | Dec 31, 2011 | 16.4% | −6.2 |
| FY2010 | Dec 31, 2010 | 22.6% | +1.4 |
| FY2009 | Dec 31, 2009 | 21.2% | +3.4 |
| FY2008 | Dec 31, 2008 | 17.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 17.4% | −0.8 |
| Q2 FY2026 | Jun 30, 2026 | 14.8% | −1.5 |
| Q1 FY2026 | Mar 31, 2026 | 18.6% | −0.9 |
| Q4 FY2025 | Dec 31, 2025 | 34.6% | +4.9 |
| Q3 FY2025 | Sep 30, 2025 | 18.3% | +51.7 |
| Q2 FY2025 | Jun 30, 2025 | 16.3% | +6.9 |
| Q1 FY2025 | Mar 31, 2025 | 19.4% | +7.5 |
| Q4 FY2024 | Dec 31, 2024 | 29.7% | +3.0 |
| Q3 FY2024 | Sep 30, 2024 | -33.5% | −40.8 |
| Q2 FY2024 | Jun 30, 2024 | 9.4% | +2.8 |
| Q1 FY2024 | Mar 31, 2024 | 12.0% | −0.7 |
| Q4 FY2023 | Dec 31, 2023 | 26.7% | +0.7 |
| Q3 FY2023 | Sep 30, 2023 | 7.3% | −0.5 |
| Q2 FY2023 | Jun 30, 2023 | 6.6% | −0.2 |
| Q1 FY2023 | Mar 31, 2023 | 12.7% | +4.4 |
| Q4 FY2022 | Dec 31, 2022 | 26.0% | +0.5 |
| Q3 FY2022 | Sep 30, 2022 | 7.9% | −49.4 |
| Q2 FY2022 | Jun 30, 2022 | 6.7% | −1.4 |
| Q1 FY2022 | Mar 31, 2022 | 8.3% | −1.2 |
| Q4 FY2021 | Dec 31, 2021 | 25.5% | +3.8 |
| Q3 FY2021 | Sep 30, 2021 | 57.3% | +53.8 |
| Q2 FY2021 | Jun 30, 2021 | 8.1% | +4.3 |
| Q1 FY2021 | Mar 31, 2021 | 9.5% | +2.9 |
| Q4 FY2020 | Dec 31, 2020 | 21.7% | −3.8 |
| Q3 FY2020 | Sep 30, 2020 | 3.5% | −1.9 |
| Q2 FY2020 | Jun 30, 2020 | 3.8% | −4.8 |
| Q1 FY2020 | Mar 31, 2020 | 6.6% | −8.9 |
| Q4 FY2019 | Dec 31, 2019 | 25.5% | +5.7 |
| Q3 FY2019 | Sep 30, 2019 | 5.4% | +4.5 |
| Q2 FY2019 | Jun 30, 2019 | 8.6% | +5.4 |
| Q1 FY2019 | Mar 31, 2019 | 15.5% | +4.2 |
| Q4 FY2018 | Dec 31, 2018 | 19.8% | +16.0 |
| Q3 FY2018 | Sep 30, 2018 | 0.9% | +2.3 |
| Q2 FY2018 | Jun 30, 2018 | 3.2% | +0.0 |
| Q1 FY2018 | Mar 31, 2018 | 11.3% | −6.0 |
| Q4 FY2017 | Dec 31, 2017 | 3.8% | −0.7 |
| Q3 FY2017 | Sep 30, 2017 | -1.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 3.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 17.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 4.6% | – |
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