Willis Towers Watson (WTW) Q1 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Willis Towers Watson posted a mixed but broadly encouraging first quarter for 2026, with adjusted earnings ahead of expectations even as revenue fell just short. The professional services and risk advisory firm reported adjusted diluted EPS of $3.72,… Read more Willis Towers Watson posted a mixed but broadly encouraging first quarter for 2026, with adjusted earnings ahead of expectations even as revenue fell just short. The professional services and risk advisory firm reported adjusted diluted EPS of $3.72, clearing the $3.65 consensus estimate by 1.80%, while total revenue of $2.41 billion rose 8.50% year over year but came in fractionally below the $2.42 billion forecast. The headline revenue figure masked some underlying softness, with organic growth decelerating to 3% from 5% a year ago, most visibly in the Career line where clients deferred discretionary advisory work amid geopolitical uncertainty and moderating North American demand. Adjusted operating margin expanded 70 basis points to 22.30%, reflecting disciplined expense management, and net income climbed 27% to $303.00 million. Looking ahead, management expects share repurchases of at least $1.00 billion for the full year and targets continued annual adjusted operating margin expansion, though the Newfront acquisition and Willis Re joint venture are expected to weigh on adjusted EPS by roughly $0.10 and $0.30, respectively, partially offset by an anticipated $0.35 foreign exchange tailwind.