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Inferra AI / Company / WTW

Willis Towers Watson

WTW · Financials

Last earnings Oct 29, 2026

Key results

Adjusted EPSquarter

$3.07

Adjusted Diluted Earnings per Share was $3.07 for the quarter, up 11% over prior year 3 Operating Margin 2 was 18.3% for the quarter

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Operating marginquarter

11%

Adjusted Diluted Earnings per Share was $3.07 for the quarter, up 11% over prior year 3 Operating Margin 2 was 18.3% for the quarter

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Adjusted operating marginquarter

20.4%

Adjusted Operating Margin was 20.4% for the quarter, up 230 basis points from prior year LONDON, Oct.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Y Change revenuequarter

$2,288

Consolidated Results A s reported, USD millions, except % Key Metrics Q3-25 Q3-24 3 Y/Y Change Revenue 1 $2,288 $2,289 Reported 0% | CC (1)% | Organic 5% Income/(Loss) from Operations 2 $418 $(766) NM Operating Margin % 2 18.3% (33.5)% NM Adjusted Operating Income $467 $414 13% Adjusted Operating Margin % 20.4% 18.1% 230 bps Net Income/(Loss) 2 $306 $(1,672) NM Adjusted Net Income $301 $282 7% Diluted EPS 2 $3.11 $(16.44) NM Adjusted Diluted EPS $3.07 $2.77 11% 1 The revenue amounts included in this release are presented on a U.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

NM operating marginquarter

5%

Consolidated Results A s reported, USD millions, except % Key Metrics Q3-25 Q3-24 3 Y/Y Change Revenue 1 $2,288 $2,289 Reported 0% | CC (1)% | Organic 5% Income/(Loss) from Operations 2 $418 $(766) NM Operating Margin % 2 18.3% (33.5)% NM Adjusted Operating Income $467 $414 13% Adjusted Operating Margin % 20.4% 18.1% 230 bps Net Income/(Loss) 2 $306 $(1,672) NM Adjusted Net Income $301 $282 7% Diluted EPS 2 $3.11 $(16.44) NM Adjusted Diluted EPS $3.07 $2.77 11% 1 The revenue amounts included in this release are presented on a U.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Revenuequarter

$2.29 billion

Revenue was $2.29 billion for the third quarter of 2025, which was flat compared to $2.29 billion for the same period in the prior year due to the sale of TRANZACT.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Excluding the impact of foreign currency, revenue decreased 1%.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

On an organic basis, revenue increased 5%.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net incomequarter

$306 million

Net Income for the third quarter of 2025 was $306 million compared to Net Loss of $1.67 billion in the prior-year third quarter.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

GAAP tax rate for the third quarter was 19.7%, and the adjusted income tax rate for the third quarter used in calculating adjusted diluted earnings per share was 22.4%.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

AI analysis

Q3 2025 · reported Oct 31, 2025

Based on: Earnings release + parent 8-K/A — transcript not held

Revenue · Q3 2025
$2.29B
0.0% $0.00 vs year ago computed from stated figures
EX-99 · Oct 31, 2025
Adjusted EPS · Q3 2025
$3.07
EX-99 · Oct 31, 2025
Net income · Q3 2025
$306M
EX-99 · Oct 31, 2025
Operating margin · Q3 2025
11%
-5.3 pts vs prior quarter computed from stated figures
EX-99 · Oct 31, 2025

The quarter in charts

Revenue — quarterly

As stated

00.831.672.5$2.29BSame quarter last year$2.29BQ3 2025

EX-99 · Oct 31, 2025 Statement values as stated in the release.

Headline figures

MetricQ3 2025Prior qtrYear ago
Adjusted EPS$3.07$3.32—
Operating margin11%16.3%—
Adjusted operating margin20.4%16.3%—
Y Change revenue$2,288$2,261—
NM operating margin5%16.3%—
Revenue$2.29 billion$2.26 billion$2.29 billion
Net income$306 million——

EX-99 · Oct 31, 2025

Guidance · company-stated

No guidance located in the held release

Outlook statement

“Health: High-single digits (HSD) Wealth: LSD Career: LSD BD&O: Flat Risk & Broking: MSD CRB: MSD ICT: LSD Willis Re joint venture: Expected to be a headwind on Adjusted Diluted EPS of ~$0.30 The remaining equity investments in the interest in earnings of associates line are not expected to be material in 2026 Newfront acquisition: Expected to be ~$”

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin11%
Adjusted operating margin20.4%
NM operating margin5%

Capital allocation

During the quarter ended September 30, 2025, the Company repurchased 1,848,098 of its outstanding shares for $600 million.

and potentially affording less protections to the holders of our securities; and our holding company structure potentially preventing us from being able to receive dividends or other distributions in needed amounts from our subsidiaries.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

WTW s market-leading solutions and focused execution on our strategy drove another quarter of strong results, said Carl Hess, WTW s Chief Executive Officer

Based on: Earnings release + parent 8-K/A — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

During the quarter ended September 30, 2025, the Company repurchased 1,848,098 of its outstanding shares for $600 million.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

and potentially affording less protections to the holders of our securities; and our holding company structure potentially preventing us from being able to receive dividends or other distributions in needed amounts from our subsidiaries.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Strategy & priorities

WTW s market-leading solutions and focused execution on our strategy drove another quarter of strong results, said Carl Hess, WTW s Chief Executive Officer.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

In the third quarter, we delivered a solid revenue performance, alongside strong operating margin expansion and earnings per share growth.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

The increase was primarily due to operating margin expansion and the abatement of remaining Transformation program cash outflows.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Risks & headwinds

As we enter the fourth quarter, our sustained momentum and continued traction in the market give us confidence in our ability to reach our full year financial goals, despite macro uncertainty.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Corporate Risk & Broking s (CRB) organic revenue growth was primarily driven by new business and revenue recognized from project-based placements within the global specialty businesses, offsetting the negative impact of insurance rate headwinds.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Insurance Consulting and Technology (ICT) revenue was flat for the quarter as clients continued to manage spend more cautiously amid ongoing economic uncertainty.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Provisions for specified litigation matters We will include provisions for litigation matters which we believe are not representative of our core business operations.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

See the footnotes to the reconciliation tables below for more specificity on the litigation matter excluded from adjusted results.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Such statements are based upon the current beliefs and expectations of the Company s management and are subject to significant risks and uncertainties.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

What changed vs prior quarter

Adjusted EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Adjusted operating margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Y Change revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Willis Towers Watson — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Documents

Earnings deck slides

0 decks with slide view

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Willis Towers Watson — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

69 documents

Earnings releases

27 documents

Presentations

15 documents

Transcripts

0 documents

No transcripts for Willis Towers Watson are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Willis Towers Watson by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.