Willis Towers Watson (WTW) Q3 2025 10-Q Quarterly Report
Willis Towers Watson (WTW) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Willis Towers Watson Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $2.29B Q3 2025 vs $2.29B Q3 2024 (flat as-reported), organic growth 5% Q3, 5% YTD; YTD revenue $6.77B vs $6.9B prior year (-2%)
- • Operating income $418M Q3 2025 vs loss $766M Q3 2024; operating margin 18.3% Q3 2025 vs -33.5% Q3 2024; adjusted operating margin 20.4% Q3 2025 vs 18.1% Q3 2024
- • Best segment: Risk & Broking with organic revenue growth 6% Q3 and segment operating income $189M Q3 2025 vs $170M prior year; Worst: Health, Wealth & Career down 5% as-reported, operating income $361M Q3 2025 vs $329M prior year
- • Cash from operations $1.0B YTD 2025 vs $913M prior year; share repurchases $1.3B YTD with $1.6B authorization remaining; capital expenditures $166M YTD 2025 with $60-85M expected remainder 2025
- • Management sees softening insurance market, ongoing macroeconomic volatility; zero revenue guidance update but highlights focus on technology investment and risk mitigation amid uncertainties
Risk Factors
- • No material changes in risk factors from 10-K dated February 25, 2025
- • Carry-forward risk: exposure to cybersecurity threats affecting client data protection
- • Carry-forward risk: competitive pressures in insurance brokerage and consulting sectors
- • Carry-forward financial risk: potential impacts from currency fluctuations on global earnings
- • Carry-forward regulatory risk: compliance with evolving insurance and financial services regulations
Willis Towers Watson Q3 2025 Quarterly FinancialsXBRL
Revenue
$2.2B
▲ +0.1% YoY▲ +1.1% QoQ
Net Income
$304M
▲ +118.1% YoY▼ -8.2% QoQ
Net Margin
13.6%
▲ +8842bp YoY▼ -137bp QoQ
Source: XBRL data from Willis Towers Watson Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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