Willis Towers Watson Income Statement

WTW / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Willis Towers Watson reported $9.7B in revenue and $1.6B in net income for FY2025. Revenue has grown at a 7.7% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.78 (distress zone, below 1.8 threshold)
Strong profit margin: 21.6%
Strong return on equity: 27.4%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$9.7B	$9.9B	$9.5B	$8.9B	$9.0B	$8.6B	$8.4B	$8.5B	$8.2B	$7.9B	$1.1B	$1.1B	$3.7B	$3.5B	$3.4B
Operating Income	$2.2B	$627.0M	$1.4B	$1.2B	$2.2B	$859.0M	$1.1B	$809.0M	$516.0M	$348.0M	$427.0M	$647.0M	$663.0M	-$225.0M	$566.0M
Interest Expense	$260.0M	$263.0M	$235.0M	$208.0M	$211.0M	$244.0M	$234.0M	$208.0M	$188.0M	$184.0M	$142.0M	$135.0M	$126.0M	$128.0M	$156.0M
Income Tax	$318.0M	$192.0M	$215.0M	$194.0M	$536.0M	$249.0M	$197.0M	$136.0M	-$100.0M	-$96.0M	-$33.0M	$159.0M	$122.0M	$101.0M	$32.0M
Net Income	$1.6B	-$98.0M	$1.1B	$1.0B	$4.2B	$996.0M	$1.0B	$695.0M	$568.0M	$420.0M	$373.0M	$362.0M	$365.0M	-$446.0M	$204.0M
EPS (Basic)	$10.01	$9.00	$10.01	$9.00	$32.88	$5.29	$4.21	$3.07	$5.49	$5.40	$5.53	-$2.58	$1.18	$2.68	$2.61
EPS (Diluted)	$9.95	$8.98	$9.95	$8.98	$32.78	$5.27	$4.18	$3.04	$5.41	$5.32	$5.37	-$2.58	$1.16	$2.66	$2.59
Shares Outstanding	106.0M	112.0M	106.0M	112.0M	129.0M	132.0M	136.0M	138.0M	69.0M	68.0M	68.0M	173.0M	176.0M	171.0M	169.0M
Operating Margin	23.0%	6.3%	14.4%	13.3%	24.5%	10.0%	12.6%	9.5%	6.3%	4.4%	39.3%	59.0%	18.1%	-6.5%	16.4%
Profit Margin	16.5%	-1.0%	11.1%	11.4%	46.9%	11.6%	12.5%	8.2%	6.9%	5.3%	34.3%	33.0%	10.0%	-12.8%	5.9%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Willis Towers Watson Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$9.7B

$9.9B

$9.5B

$8.9B

$9.0B

$8.6B

$8.4B

$8.5B

$8.2B

$7.9B

$1.1B

$3.7B

$3.5B

$3.4B

Operating Income

$2.2B

$627.0M

$1.4B

$1.2B

$2.2B

$859.0M

$1.1B

$809.0M

$516.0M

$348.0M

$427.0M

$647.0M

$663.0M

-$225.0M

$566.0M

Interest Expense

$260.0M

$263.0M

$235.0M

$208.0M

$211.0M

$244.0M

$234.0M

$208.0M

$188.0M

$184.0M

$142.0M

$135.0M

$126.0M

$128.0M

$156.0M

Income Tax

$318.0M

$192.0M

$215.0M

$194.0M

$536.0M

$249.0M

$197.0M

$136.0M

-$100.0M

-$96.0M

-$33.0M

$159.0M

$122.0M

$101.0M

$32.0M

Net Income

$1.6B

-$98.0M

$1.1B

$1.0B

$4.2B

$996.0M

$1.0B

$695.0M

$568.0M

$420.0M

$373.0M

$362.0M

$365.0M

-$446.0M

$204.0M

EPS (Basic)

$10.01

$9.00

$10.01

$9.00

$32.88

$5.29

$4.21

$3.07

$5.49

$5.40

$5.53

-$2.58

$1.18

$2.68

$2.61

EPS (Diluted)

$9.95

$8.98

$9.95

$8.98

$32.78

$5.27

$4.18

$3.04

$5.41

$5.32

$5.37

-$2.58

$1.16

$2.66

$2.59

Shares Outstanding

106.0M

112.0M

106.0M

112.0M

129.0M

132.0M

136.0M

138.0M

69.0M

68.0M

173.0M

176.0M

171.0M

169.0M

Operating Margin

23.0%

6.3%

14.4%

13.3%

24.5%

10.0%

12.6%

9.5%

6.3%

4.4%

39.3%

59.0%

18.1%

-6.5%

16.4%

Profit Margin

16.5%

-1.0%

11.1%

11.4%

46.9%

11.6%

12.5%

8.2%

6.9%

5.3%

34.3%

33.0%

10.0%

-12.8%

5.9%