WTWWillis Towers Watson
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
The biggest changes in the 10-K filed 2026-02-25, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
6.4% → 23.5% (+17.0 pts) Big change FY to 2025-12-31 vs 2024-12-31“HWC segment operating income declined slightly as improvements from operating efficiencies were offset by the operating income lost from sale of TRANZACT.”
Read it in the 10-K ↗
“R&B segment operating income increased due primarily to operating leverage driven by strong organic revenue growth.”
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Cash from operations
+17.4% Big change FY to 2025-12-31 vs 2024-12-31“This increase in cash flows from operations as compared to the prior year was primarily driven by operating margin expansion and lower Transformation program residual cash outflows.”
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Revenue
-2.3% FY to 2025-12-31 vs 2024-12-31“The increase in organic revenue was driven by strong performances in both segments.”
Read it in the 10-K ↗
“Revenue is typically higher during the Company’s first and fourth quarters due primarily to the timing of broking-related activities.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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