Short answer
Willis Towers Watson (WTW) filed its Q2 2026 10-Q quarterly report on Jul 30, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $2.4B (up 9.6% year over year) with net income of $229M.
Q2 2026 key financials · XBRL
- Revenue
- $2.4B
- +9.6% YoY · +2.8% QoQ
- Net income
- $229M
- −30.8% YoY · −22.9% QoQ
- Operating margin
- 15.0%
- EPS (diluted)
- $2.43
- −26.6% YoY · −21.6% QoQ
Source: XBRL data from the Willis Towers Watson (WTW) Q2 2026 10-Q on SEC EDGAR. USD.
Willis Towers Watson Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Adjusted operating income $480M vs $419M YoY; margin 19.5% vs 18.5%
- Adjusted EBITDA $529M vs $470M YoY; margin 21.5% vs 20.8%
- Adjusted diluted EPS $3.35 vs $2.86; diluted shares 94M vs 100M
- Operating cash flow $474M vs $326M; free cash flow $360M vs $217M
- Headwinds: higher salary, incentive, benefit, tax, and professional-services costs
Risk Factors
- Newly added AI acceleration risk triggered by Propel, a two-year enterprise AI and automation plan
- Most materially updated execution risk: approximately $625 million cash costs and $25 million non-cash charges through 2028
- Regulatory and compliance exposure from AI errors, privacy issues, intellectual-property challenges and cybersecurity threats
- Operational disruption from workforce restructuring potentially slowing technology enhancements and client responsiveness
- Financial risk: $350 million net run-rate savings target depends on realizing projected benefits by end-2028
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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