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WTWWillis Towers Watson

Financials · Insurance Brokers · Nasdaq

WTW is a leading global advisory, broking and solutions company that provides data-driven, insight-led solutions in the areas of people, risk and capital. 10-K, Item 1

Headquarters
London England, X0
CEO
Carl Aaron Hess
Next results
around Feb 2, 2027
Compare with peers → Embed
RevenueFY2016–25 $9.7B−2.2% FY2024: $9.9B 10-K FY2025 · XBRL Net incomeFY2016–25 $1.6B FY2024: −$98.0M 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.5B+22.0% Highest in 6 years 10-K FY2025 · XBRL Operating marginFY2016–25 23.0%+16.7 pts 4.4% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 25, 2026 against Feb 25, 2025
AreaWhat changedSource
Risk factors11 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +8.3% vs revenue -2.2% (+10.6 pts)10-K · XBRL
Going concern language“Going Concern - Management evaluates at each annual and interim period whether there are conditions or events, considered in the aggregate, that raise substantial doubt about our ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.”10-K · XBRL
Accounting checks7 other checks clear, 2 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings3 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 25, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

  1. We also depend on numerous third-party vendors, technology partners and other service providers to deliver our services and operate our business. Macroeconomic stress, labor shortages, supply-chain constraints, sanctions or geopolitical developments can impair the ability of our vendors and counterparties to perform on a timely basis or…
    10-K, Item 1A
All 11 new paragraphs →

Accounting checks

latest 10-K

7 of 9 clear 2 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +8.3% vs revenue -2.2% (+10.6 pts)
  • !
    Going concern language“Going Concern - Management evaluates at each annual and interim period whether there are conditions or events, considered in the aggregate, that raise substantial doubt about our ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.”
  • ✓
    Same auditor in both 10-Ks: Deloitte & Touche LLP
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    The same matters as last year: Provisions for Liabilities - Errors & Omissions Reserve
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on WTW in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WTW/export.csv") into a cell.