Willis Towers Watson (WTW) stock
Financials · Insurance Brokers
Willis Towers Watson (WTW) is an Insurance Brokers company in the Financials sector, headquartered in London, United Kingdom. As of October 23, 2026, WTW closed at $325.01, a market capitalization of $30.18 billion, the 318th largest company in the S&P 500. The stock trades at 20.1x trailing earnings and 14.2x forward earnings.
- 1-year total return: -0.6% (dividends reinvested)
- 5-year return: +7.0% a year
- 52-week range: $240.61 – $351.51
- Dividend yield: 1.18%, 9 straight years of increases
- FI Handbook report card: A across 4 metrics
- 54th largest of 76 Financials stocks in the S&P 500
WTW price chart
1Y price change: -1.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WTW | +9.1% | -0.1% | -0.6% | +18.4% | +7.0% | +11.4% | +10.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2001.
WTW key statistics
- Market cap
- $30.2B
- #318 in S&P 500
- P/E (TTM)
- 20.1x
- Forward P/E
- 14.2x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.7B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 1.18%
- 52-week range
- $240.61 – $351.51
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
WTW report card
ATen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA0.0xA
- Forward P/E14.2xA
- PEG ratio——
- Shareholder yield6.6%A
- Share count change / yr-5.3%A
Willis Towers Watson Public Lim financials
Revenue went from $7.9B in fiscal 2016 to $9.5B in fiscal 2025, growing 2.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9B | $8.2B | $8.4B | $8.3B | $8.6B | $8.8B | $8.7B | $9.3B | $9.7B | $9.5B |
| Operating income | $348.0M | $516.0M | $809.0M | $1.1B | $859.0M | $2.2B | $1.2B | $1.4B | $627.0M | $2.2B |
| Net income | $420.0M | $568.0M | $695.0M | $1.0B | $996.0M | $4.2B | $1.0B | $1.1B | -$98.0M | $1.6B |
| EPS (diluted) | $3.04 | $4.18 | $5.27 | $8.02 | $7.65 | $32.78 | $8.98 | $9.95 | $-0.96 | $16.26 |
| Free cash flow | $715.0M | $562.0M | $1.0B | — | — | — | — | $1.1B | $1.3B | $1.5B |
| Buybacks | $396.0M | $532.0M | $602.0M | $150.0M | $0 | $1.6B | $3.5B | $1.0B | $901.0M | $1.6B |
| Dividends paid | $199.0M | $277.0M | $306.0M | $329.0M | $346.0M | $374.0M | $369.0M | $352.0M | $354.0M | $358.0M |
| Diluted shares | 138.0M | 136.0M | 132.0M | 130.0M | 130.0M | 129.0M | 112.0M | 106.0M | 102.0M | 99.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WTW?
A reverse DCF asks what growth the current price requires. With an enterprise value of $30.2B and $1.7B of trailing free cash flow, Willis Towers Watson Public Lim needs to grow free cash flow about 7.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 16.7% a year over the last five years.
P/E ratio history
Current 20.0x vs. median 25.3x (10th–90th percentile 12.2x–37.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WTW dividend
- Dividend yield
- 1.18%
- Annual dividend
- $3.84
- Years of increases
- 9
- 5-yr dividend growth
- 6.0%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
WTW analyst price targets
21 analysts' average 12-month target is $370.63 (+14% vs. $325.01). Targets range from $310.00 to $455.00. 67% rate it a buy.
WTW earnings
Next report: October 29, 2026. Willis Towers Watson Public Lim has beaten EPS estimates 5 quarters in a row. Last quarter's revenue was $2.5B (+9% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $3.11 | $3.35 | +7.8% |
| Apr 30, 2026 | $3.65 | $3.72 | +1.8% |
| Feb 3, 2026 | $7.93 | $8.12 | +2.4% |
| Oct 30, 2025 | $3.05 | $3.07 | +0.7% |
| Jul 31, 2025 | $2.60 | $2.86 | +10.2% |
| Apr 24, 2025 | $3.19 | $3.13 | -1.8% |
| Feb 4, 2025 | $8.03 | $8.13 | +1.2% |
| Oct 31, 2024 | $2.72 | $2.93 | +7.7% |
Stocks like WTW
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
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 AJG Arthur J. Gallagher | -1.08% | -4% | $68.7B | 44.5x | Compare |
 AON Aon | -1.07% | -11% | $64.4B | 16.7x | Compare |
 BRO Brown & Brown | -2.04% | -17% | $24.4B | 23.0x | Compare |
 ERIE Erie Indemnity | -1.28% | -20% | $13.3B | 23.0x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
WTW news
- Willis Towers Watson (WTW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 22, 2026
- Willis launches global Defense and Security initiative to connect specialist expertise and strengthen national resilience · Oct 22, 2026
- Willis Towers Watson (WTW): Will Another Cost-Cutting Program Deliver More Cash? · Oct 21, 2026
- Cyber attacks and data loss drive greater board-level focus on cyber risk, says Willis · Oct 21, 2026
- Willis Towers Watson Stock And 2 Insurers For Rising US Political Risk · Oct 18, 2026
WTW stock FAQ
What is WTW's market cap?
Willis Towers Watson's market capitalization is $30.18 billion as of October 23, 2026, ranking 318th in the S&P 500.
What is WTW's P/E ratio?
WTW trades at a trailing price-to-earnings ratio of 20.1x and a forward P/E of 14.2x. Its median P/E over the period we track is 25.3x.
Does WTW pay a dividend?
Yes. Willis Towers Watson pays $3.84 per share a year, a 1.18% yield. It has raised its dividend 9 years in a row. Dividends grew 6.0% a year over the last five years.
How much has WTW stock returned?
Including reinvested dividends, WTW returned -0.6% over one year, +7.0% a year over five years, +11.4% a year over ten years through October 23, 2026.
Is WTW stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Willis Towers Watson must grow free cash flow about 8% a year for the next decade. Its free cash flow grew 17% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the WTW price target?
21 analysts cover WTW with an average 12-month price target of $370.63, +14% from the current price. 67% of them rate it a buy.
When does WTW report earnings?
Willis Towers Watson is expected to report earnings on October 29, 2026. It has beaten EPS estimates 5 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology