10-Q quarterly report · filed Apr 30, 2026

Willis Towers Watson (WTW) Q1 2026 10-Q Quarterly Report

Short answer

Willis Towers Watson (WTW) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.4B (up 8.4% year over year) with net income of $297M.

Q1 2026 key financials · XBRL

Revenue
$2.4B
+8.4% YoY
Net income
$297M
+26.4% YoY
Operating margin
19.0%
EPS (diluted)
$3.10
+33.0% YoY

Source: XBRL data from the Willis Towers Watson (WTW) Q1 2026 10-Q on SEC EDGAR. USD.

Willis Towers Watson Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Adjusted operating income $537M vs $480M YoY; adjusted margin 22.3% vs 21.6%
  • Net income $303M vs $239M; net margin 12.6% vs 10.8%
  • Adjusted EBITDA $589M vs $532M; adjusted EBITDA margin 24.4% vs 23.9%
  • Operating cash flow $(10)M vs $(35)M; free cash flow $(65)M vs $(86)M
  • Higher salary and benefits costs, plus $41M transaction and integration expenses, offset revenue-driven gains

Risk Factors

  • No material changes from 10-K risk factors filed February 25, 2026
  • Acquisition integration risk carried forward following Newfront transaction
  • Regulatory and compliance exposure remains governed by previously disclosed 10-K risks
  • Market and competitive pressures remain among the principal carried-forward operational risks
  • Share repurchase authority of approximately $992 million may affect capital allocation flexibility

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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