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Saturday 17 October 2026 Export WTW’s income statement to Excel — free account

Willis Towers Watson Public Limited Company

WTW Financial Insurance Brokers

Willis Towers Watson Public Limited Company’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, down 2.24% from fiscal 2024. In the quarter to June 2026, revenue grew 9.07%, EPS fell 27.3%, free cash flow grew 42.8% and total debt rose 23.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

315.26 4.90 +1.58%
Market cap
$28.8B
P/E
19.3×
Fwd P/E
15.3×
Dividend yield
1.21%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Willis Towers Watson Public Limited Company (WTW) Debt to equity

Alert me on Debt to equity

Willis Towers Watson Public Limited Company's debt to equity at the end of the quarter to 30 June 2026 was 0.8×, up 0.1× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.3× (fiscal 2021) to 1.4× (fiscal 2015); the current reading is higher than 91% of that period. That is above the Insurance Brokers industry median of 0.2× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.8× 18.27%
FY2024 0.7× 21.77%
FY2023 0.5× 16.27%
FY2022 0.5× 35.68%
FY2021 0.3× (33.13%)
FY2020 0.5× (4.84%)
FY2019 0.5× 18.07%
FY2018 0.5× 3.68%
FY2017 0.4× 16.57%
FY2016 0.4× (72.57%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.8× 7.44%
Mar 2026 0.8× (0.13%)
Dec 2025 0.8× 15.13%
Sep 2025 0.7× 4.77%
42 more quarters

Against its own ten years

Low 0.3× High 1.4×
Ten-year median 0.5×
Current reading's percentile 91

Debt to equity against peers

Company Debt to equity
CRVL CorVel Corp. compare 0.0×
ERIE Erie Indemnity Company compare 0.0×
ARX Accelerant Holdings compare 0.2×
AJG Arthur J. Gallagher & Co. compare 0.5×
BRO Brown & Brown, Inc. compare 0.6×
WTW Willis Towers Watson Public Limited Company 0.8×
MRSH Marsh compare 1.3×
AON Aon plc compare 1.5×
BWIN Baldwin Insurance Group, Inc. compare 1.7×
Insurance Brokers industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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