WTW Willis Towers Watson
FY2025 10-K
Willis Towers Watson (WTW) filed its fiscal year 2025 10-K annual report with the SEC on Feb 25, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Global advisory, broking and solutions firm (two segments: HWC and R&B) serving 140+ countries; revenue from commissions, fees, and consulting
- • Voluntary turnover 9.8% in 2025 vs 10.1% in 2024; ~6,700 hires, down 4% YoY; total workforce ~46,900
Management Discussion & Analysis
- • Revenue $9.7B vs $9.9B, down 2% as-reported; organic growth +5% excluding TRANZACT divestiture and FX impact
- • Operating margin 23.0% vs 6.3% GAAP (prior year distorted by $1.0B TRANZACT impairment); adjusted operating margin 25.2% vs 23.9%; adjusted EBITDA margin 27.2% vs 26.4%
Risk Factors
- • EU GDPR violations carry fines up to 4% of global annual turnover or €20M; WTW also subject to UK Data Protection Act with uncertain adequacy decision continuity
- • Total consolidated debt ~$6.3B as of Dec 31, 2025; interest expense $259M for FY2025, with covenant requirements on EBITDA-to-interest ratios
Financial SummaryXBRL
Revenue
$9.5B
Net Income
$1.6B
Operating Margin
23.5%
Net Margin
16.9%
ROE
20.1%
Total Assets
$29.5B
EPS (Diluted)
$16.26
Operating Cash Flow
$1.8B
Source: XBRL data from Willis Towers Watson FY2025 10-K filing on SEC EDGAR. All figures in USD.
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