MARKETS / NASDAQ / WTW
NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE · LARGE CAP

Willis Towers Watson PLC WTW

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY9 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$9.5B
▼ 2.3% vs FY2024
Dividend streak
9 yrs
Raised every year since 2017
EPS · FY25
$16.26
Dividend / sh · FY25
$3.68
Payout · FY25
22%
ROE · FY25
20.2%
Net margin · FY25
16.9%
Dividend coverage
4.4×
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Result
USD 9.5B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2.557.5109.51.62008201120142017202020232025
2.557.5109.51.62016201920222025

17 cents of every revenue dollar became profit this year.

Per share
USD 16.26
Diluted EPS, FY2025
EPS Dividend
20403.6816.262008201120142017202020232025
20403.6816.262016201920222025

Earnings covered the dividend 4.4 times — the rest stayed in the company.

Profitability
20.2%
Return on equity, FY2025
ROE
1020304020.2%2008201120142017202020232025
1020304020.2%2016201920222025
Operating margin23.5%
Net margin16.9%
Return on assets5.6%

Each USD of equity produced 20 cents of profit this year.

Returned to shareholders
USD 2.0B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 358.0M
Net buybacksUSD 1.6B
Share of profit125.1%
Consecutive raises9 years

USD 358.0M in dividends and USD 1.6B in buybacks — 125% of the year's profit, so the payout drew on cash built up earlier.

Growth
+2.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.9%
+2.2%
+9.5%
+7.2%
Net income
+16.7%
+10.0%
+15.7%
+8.8%
EPS, diluted
+21.9%
+16.3%
Dividend / share
+3.9%
+6.0%
Returned to shareholders
−19.8%
+42.1%
+21.9%
+17.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
0.070.102008201120142017202020232025
0.140.102016201920222025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 29.5B
total assets, end of FY2025
Total assetsUSD 29.5B
EquityUSD 8.0B
CashUSD 3.1B
Gross debtUSD 6.3B
Net debtUSD 3.2B
Current ratio1.20×

Net debt stands at 40% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
9.5
9.7
9.3
8.7
8.8
8.6
8.3
8.4
8.2
7.9
3.8
3.8
3.7
3.5
3.4
3.3
3.3
2.8
Operating income $B
2.2
0.6
1.4
1.2
2.2
0.9
1.1
0.8
0.5
0.3
0.4
0.6
0.7
−0.2
0.6
0.8
0.7
0.5
EBITDA $B
2.5
0.9
1.6
1.4
2.5
1.2
1.3
1.0
0.8
0.5
0.5
0.7
0.8
−0.1
0.6
0.8
0.8
0.6
Income tax $B
0.3
0.2
0.2
0.2
0.5
0.2
0.2
0.1
−0.1
−0.1
−0.0
0.2
0.1
0.1
0.0
0.1
0.1
0.1
Net income $B
1.6
−0.1
1.1
1.0
4.2
1.0
1.0
0.7
0.6
0.4
0.4
0.4
0.4
−0.4
0.2
0.5
0.4
0.3
EPS, diluted $
16.26
−0.96
9.95
8.98
32.78
7.65
8.02
5.27
4.18
3.04
5.41
5.32
5.37
−2.58
1.16
2.66
2.59
·
Dividend / sh $
3.68
3.52
3.36
3.28
3.02
2.75
2.60
2.40
2.12
1.92
3.28
3.18
2.97
1.08
1.04
1.04
1.04
1.04
Payout %
22
−361
33
37
9
35
32
44
49
47
74
58
53
−41
88
39
40
48
ROE %
20.2
−1.1
10.8
8.7
35.1
9.5
10.4
7.0
5.6
6.8
17.7
17.2
18.7
−21.3
8.1
19.1
21.8
16.4
Shares out B
·
0.10
0.10
0.11
0.12
0.13
0.13
0.13
0.13
0.14
0.07
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
51 of 51
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed