NASDAQ$WTW
Willis Towers Watson Public Limited Company · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Willis Towers Watson's financial performance reflected increasing momentum from the execution of their Grow, Simplify and Transform strategy.
WTW reported a strong third quarter with organic revenue growth accelerating to 6%. The company expanded adjusted operating margins by 110 basis points year-over-year. The company is maintaining its 2022 full-year targets for organic revenue growth, adjusted operating margin expansion, and non-cash pension income and raising its 2022 full-year targets for run-rate cost savings and foreign currency headwind to adjusted earnings per share.
- Organic revenue growth accelerated to 6%.
- Adjusted operating margins improved by 110 basis points over the prior year.
- WTW completed the transfer of its ownership of its Russian subsidiaries to local management.
- The company remains committed to delivering mid-single digit organic revenue growth and 400-500 basis points of adjusted operating margin expansion.
Headline financials
Revenue & EPS history
Willis Towers Watson · Revenue · Quarterly
$1.95B
Revenue by segment
Willis Towers Watson · $1.93B total across 2 segments · Q3 2022
- Health, Wealth & Career$1.16B+36.2%60.3%
- Risk & Broking$765M+9.8%39.7%
Forward guidance
Based on current and anticipated market conditions, the Company is maintaining its 2022 full-year targets for organic revenue growth, adjusted operating margin expansion, and non-cash pension income and raising its 2022 full-year targets for run-rate cost savings and foreign currency headwind to adjusted earnings per share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.1%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+10.2%
Q3 2023
Best reaction
-10.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -10.6% | -14.0% | |
| Q4 2025 | +5.3% | +4.2% | -5.1% | |
| Q3 2025 | -0.1% | +1.7% | +1.1% | |
| Q1 2025 | -5.7% | -7.1% | -5.1% | |
| Q4 2024 | -3.1% | -1.5% | -0.1% | |
| Q3 2024 | +2.0% | +4.9% | +9.7% | |
| Q2 2024 | +6.0% | +6.5% | +5.4% | |
| Q1 2024 | -5.1% | -5.0% | -4.3% | |
| Q4 2023 | +8.5% | +8.5% | +9.5% | |
| Q3 2023 | +10.2% | +13.6% | +17.6% | |
| Q2 2023 | -10.2% | -8.7% | -11.7% | |
| Q1 2023 | -2.6% | -4.3% | -7.0% | |
| Q4 2022 | -4.8% | -6.1% | -10.2% | |
| Q3 2022 | +4.9% | +4.9% | +15.7% | |
| Q2 2022 | +1.8% | +1.1% | +2.3% | |
| Q1 2022 | -7.8% | -8.1% | -7.8% | |
| Q4 2021 | -3.1% | -6.2% | -4.8% | |
| Q3 2021 | +0.8% | -1.3% | -4.7% | |
| Q2 2021 | +3.5% | +5.9% | +12.8% | |
| Q1 2021 | +5.3% | +6.9% | +6.3% | |
| Q4 2020 | -0.0% | +0.8% | -1.5% | |
| Q3 2020 | -5.9% | -6.9% | +8.1% | |
| Q2 2020 | -0.1% | -2.6% | -2.1% | |
| Q1 2020 | +4.6% | +8.3% | +15.8% | |
| Q4 2019 | -4.5% | -3.2% | -9.2% | |
| Q3 2019 | -0.7% | -2.7% | +3.3% | |
| Q2 2019 | -0.7% | -4.4% | +0.2% | |
| Q1 2019 | -3.2% | -3.1% | -4.8% | |
| Q4 2018 | +0.9% | +2.9% | +1.7% | |
| Q3 2018 | +7.9% | +10.6% | +11.4% | |
| Q2 2018 | -6.5% | -5.0% | -7.5% | |
| Q1 2018 | +3.0% | +4.3% | +4.0% | |
| Q4 2017 | -3.3% | -1.3% | +4.3% | |
| Q3 2017 | -0.8% | +0.4% | +0.6% | |
| Q2 2017 | +0.5% | +0.5% | -0.5% | |
| Q1 2017 | +7.6% | +6.0% | +9.8% | |
| Q4 2016 | +0.9% | +1.8% | +4.1% | |
| Q3 2016 | -4.8% | -4.6% | -3.0% | |
| Q2 2016 | -2.8% | -1.8% | +2.0% | |
| Q1 2016 | -3.3% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | -1.9% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -2.1% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | +0.1% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q2 2011 | -0.7% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q2 2010 | +1.8% | — | — |
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