WTW Stock - Willis Towers Watson Public Limited Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $9.93B | $9.48B | $8.87B | $9.00B | $8.62B |
| Gross Profit | $4.43B | $4.14B | $3.80B | $3.75B | $3.46B |
| Gross Margin | 44.6% | 43.6% | 42.9% | 41.6% | 40.1% |
| Operating Income | $627.00M | $1.36B | $1.18B | $2.20B | $859.00M |
| Net Income | $-98,000,000 | $1.05B | $1.01B | $4.22B | $996.00M |
| Net Margin | -1.0% | 11.1% | 11.4% | 46.9% | 11.6% |
| EPS | $-0.96 | $10.05 | $9.00 | $15.02 | $7.68 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Mizuho | Initiation | Outperform | $386 |
| August 13th 2025 | Cantor Fitzgerald | Initiation | Neutral | $355 |
| August 13th 2025 | Citigroup | Initiation | Neutral | $351 |
| March 18th 2025 | UBS | Upgrade | Buy | $395← $344 |
| January 8th 2025 | Evercore ISI | Upgrade | Outperform | $373← $357 |
| December 20th 2024 | Jefferies | Upgrade | Buy | $382← $352 |
| December 5th 2024 | Raymond James | Upgrade | Strong Buy | $400← $365 |
| September 5th 2024 | Barclays | Initiation | Underweight | $278 |
| May 22nd 2024 | BofA Securities | Upgrade | Neutral | $304← $272 |
| February 12th 2024 | BMO Capital Markets | Upgrade | Market Perform | $298← $236 |
| February 12th 2024 | Citigroup | Upgrade | Buy | $315← $236 |
| January 11th 2024 | Wells Fargo | Upgrade | Overweight | $288← $248 |
| January 10th 2024 | TD Cowen | Initiation | Outperform | $316 |
| August 8th 2023 | BMO Capital Markets | Downgrade | Underperform | $205← $230 |
| July 27th 2023 | Raymond James | Downgrade | Outperform | $260 |
Earnings History & Surprises
WTWEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $7.91 | — | — | — |
Q4 2025 | Oct 30, 2025 | $3.05 | $3.07 | +0.7% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $2.63 | $2.86 | +8.7% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $3.21 | $3.13 | -2.5% | ✗ MISS |
Q1 2025 | Feb 4, 2025 | $8.01 | $8.13 | +1.5% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $2.72 | $2.93 | +7.7% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $2.34 | $2.55 | +9.0% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $3.25 | $3.29 | +1.2% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $7.05 | $7.44 | +5.5% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $2.07 | $2.24 | +8.2% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $2.38 | $2.05 | -13.9% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $2.81 | $2.84 | +1.1% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $6.22 | $6.33 | +1.8% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $2.13 | $2.20 | +3.3% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $2.31 | $2.32 | +0.4% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $2.51 | $2.66 | +6.0% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $5.35 | $5.67 | +6.0% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $1.59 | $1.73 | +8.8% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $1.99 | $2.66 | +33.7% | ✓ BEAT |
Latest News
Mizuho Initiates Coverage On Willis Towers Watson with Outperform Rating, Announces Price Target of $386
📈 PositiveReported Earlier, WTW Prices $1B Senior Notes Offering Of $700M 4.55% Due 2031 And $300M 5.15% Due 2036 To Fund Newfront Acquisition
📈 PositiveWells Fargo Maintains Overweight on Willis Towers Watson, Lowers Price Target to $356
➖ NeutralKeefe, Bruyette & Woods Maintains Outperform on Willis Towers Watson, Raises Price Target to $375
📈 PositiveWTW Index Warns Geopolitical Alignment Now Central To Risk Management As U.S. Tariff Deals Reshape Global Trade And Drive New East-West Realignments
➖ NeutralWTW Buys Pension Firm Cushon to Manage Billions More in Retirement Savings
📈 PositiveWTW To Acquire Newfront For $1.3B, Expanding U.S. Middle Market Reach With Agentic AI And Cutting-Edge Technology
📈 PositiveWTW Acquires FlowStone Partners, Terms Not Disclosed
➖ NeutralWillis and NATS Team Up to Improve Safety and Risk Management in Global Aviation
📈 PositiveReported Earlier, Willis And Rare Partner With Philippine Government To Launch First Parametric Insurance Solution Protecting 14,200 Small-scale Fishers From Adverse Weather Risks
📈 PositiveTD Cowen Maintains Buy on Willis Towers Watson, Lowers Price Target to $391
➖ NeutralKeefe, Bruyette & Woods Maintains Outperform on Willis Towers Watson, Lowers Price Target to $373
➖ NeutralPiper Sandler Maintains Overweight on Willis Towers Watson, Lowers Price Target to $356
➖ NeutralWillis Towers Watson Q3 Adj. EPS $3.07 Beats $3.05 Estimate, Sales $2.288B Beat $2.284B Estimate
📈 PositiveUBS Maintains Buy on Willis Towers Watson, Raises Price Target to $398
📈 PositiveWells Fargo Maintains Overweight on Willis Towers Watson, Raises Price Target to $382
📈 PositivePiper Sandler Maintains Overweight on Willis Towers Watson, Raises Price Target to $387
📈 PositiveEvercore ISI Group Maintains Outperform on Willis Towers Watson, Raises Price Target to $387
📈 PositiveWells Fargo Maintains Overweight on Willis Towers Watson, Raises Price Target to $377
📈 PositiveKeefe, Bruyette & Woods Maintains Outperform on Willis Towers Watson, Raises Price Target to $372
📈 PositiveFrequently Asked Questions about WTW
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