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Willis Towers Watson (DE:WTY)
FRANKFURT:WTY
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.1Last Year’s EPS
2.65Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Earnings call highlights robust organic growth, meaningful margin expansion, strong free cash flow and active portfolio optimization (notably Newfront, Cushion, Flowstone), and continued returns to shareholders. Strengths include R&B specialization wins, HWC momentum (particularly health and career), significant AUM growth for LifeSite, and productivity gains from WeDo automation. Primary challenges are a softer ICT/consulting environment, Medicare-related near-term headwinds for BD&O, incremental interest expense from acquisition financing, and a modest EPS drag from the Willis Re JV and integration costs. Overall the positives — recurring organic growth, margin expansion, cash generation, strategic acquisitions, and clear guidance — materially outweigh the manageable near-term headwinds.Company Guidance
Strong Organic Revenue Growth
Company delivered 6% organic growth in Q4 and 5% organic growth for full year 2025, in line with mid-single-digit targets.
Margin Expansion and EPS Improvement
Adjusted operating margin expanded 80 basis points in Q4 and 130 basis points for the full year to 25.2%; adjusted diluted EPS was $8.12 in Q4 and $17.08 for the full year. Excluding TRANZACT, adjusted EPS rose ~13% year-over-year.
Health, Wealth & Career (HWC) Performance
HWC delivered 6% organic growth in Q4 and 4% for the full year; HWC operating margin was 44.3% in Q4 (up 240 bps year-over-year, or +30 bps excluding TRANZACT). Health expected to deliver high single-digit growth in 2026.
Risk & Broking (R&B) Momentum
R&B generated 7% organic growth in Q4 and 6% for the full year (7% excl. book/interest); Corporate Risk & Broking (CRB) grew 8% in the quarter and CRB North America grew high single-digits; R&B operating margin improved to 34.7% in Q4 (+120 bps).
Data Center and Specialty Wins
Won master builders risk placement with a top-10 global data center developer and supports five of the 10 largest data center developers globally; strong specialty wins in construction, surety and other lines, including two major US bank HQ renovation projects valued at well over $1 billion.
Strategic M&A and Portfolio Optimization
Closed Newfront acquisition (Jan 27), announced acquisitions of Cushion and Flowstone Partners to expand broking and wealth offerings and strengthen master trust/fintech capabilities.
LifeSite and AUM Growth
LifeSite appointed as master trust for a Fortune 50 technology company, adding £400 billion of assets under management; master trust AUM increased from $36 billion to over $46 billion in 2025 with ~$3 billion more contracted.
WeDo Automation Driving Efficiency
WeDo-enabled AI and automation cited as a major driver of operating margin expansion and ongoing productivity gains embedded across the enterprise operating model and global delivery centers.
Improved Free Cash Flow and Capital Returns
Generated $1.5 billion of free cash flow for the twelve months ended 12/31/2025 (+$279 million YoY), raising FCF margin to 15.9% (from 12.8%); returned $2 billion to shareholders in 2025 and announced at least $1 billion in repurchases planned for 2026.
DE:WTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:WTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | €264.00 | €266.00 | +0.76% |
Oct 30, 2025 | €273.24 | €271.25 | -0.73% |
Jul 31, 2025 | €258.58 | €260.57 | +0.77% |
Apr 24, 2025 | €285.56 | €273.66 | -4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Willis Towers Watson (DE:WTY) report earnings?
Willis Towers Watson (DE:WTY) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Willis Towers Watson (DE:WTY) earnings time?
Willis Towers Watson (DE:WTY) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Willis Towers Watson stock?
The P/E ratio of Willis Towers Watson is N/A.
What is DE:WTY EPS forecast?
DE:WTY EPS forecast for the fiscal quarter 2026 (Q1) is 3.1.