NASDAQ$WTW

Willis Towers Watson Public Limited Company · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

WTW reported Q3 2025 revenue of $2.29B with net income attributable to WTW of $304M ($3.11 per diluted share).

Revenue was $2.29 billion as cost discipline improved margins versus the prior-year impairment quarter. Net income attributable to WTW was $304 million with diluted EPS of $3.11.

  • Q3 revenue $2.29B.
  • Income from operations $418M vs prior-year loss.
  • Net income attributable to WTW $304M.
  • Diluted EPS $3.11.

Headline financials

Total Revenue

$2.29B

Previous: $2.29B-0.0%
EPS (adj)

$3.11

Previous: -$16.44+118.9%
Organic revenue growth

5.0%

No prior period
Operating margin

18.3%

No prior period
Adjusted operating margin

20.4%

Previous: 18.1%+12.7%
Adjusted EBITDA

$515M

Previous: $479M+7.5%
Adjusted EBITDA margin

22.5%

Previous: 20.9%+7.7%
HWC operating margin

28.6%

Previous: 24.7%+15.8%
R&B operating margin

18.8%

Previous: 18.1%+3.9%
Net Income

$304M

Previous: -$1.68B+118.1%
Operating Income

$418M

Previous: -$766M+154.6%

Revenue & EPS history

Willis Towers Watson · Revenue · Quarterly

$2.29B

Q3 2025-0%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Willis Towers Watson · $2.14B total across 2 segments · Q3 2023

  • Health, Wealth & Career
    $1.28B+10.3%
  • Risk & Broking
    $855M+11.8%

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter.
  • Balance sheet and liquidity support ongoing operations.
  • Strategic initiatives cited in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 2025

Historical avgQ3 2025

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro