Logotype for Willis Towers Watson plc

Willis Towers Watson (WLTW) investor relations material

Willis Towers Watson Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Willis Towers Watson plc
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Achieved 5% organic revenue growth and 150 basis points of adjusted operating margin expansion in Q2 2025, with adjusted EPS up 20% year-over-year to $2.86.

  • Net income more than doubled to $332M, driven by lower costs and operational efficiencies.

  • Advanced strategic priorities, focusing on specialization, talent, and operational efficiency.

  • Strong recurring revenue and geographic diversification in Health, Wealth & Career (HWC) provide stability and growth.

  • Technology and AI investments are delivering measurable efficiency gains and client value.

Financial highlights

  • Q2 2025 revenue was $2.26B, flat year-over-year; organic revenue up 5%.

  • Adjusted operating margin increased to 18.5% in Q2 2025 from 17.0% in Q2 2024; adjusted diluted EPS grew 20% to $2.86.

  • Net income for Q2 2025 was $332M, up from $142M in Q2 2024; diluted EPS rose 144% to $3.32.

  • Adjusted EBITDA for Q2 2025 was $470M (20.8% margin), up from $445M (19.6%).

  • Free cash flow for the first half of 2025 was $217M, down from $305M in the prior year due to higher incentive costs and tax payments.

Outlook and guidance

  • On track to deliver 2025 guidance: mid single digit organic growth, adjusted operating margin expansion, adjusted EPS growth, and ongoing free cash flow margin improvement.

  • HWC expected to maintain mid single digit revenue growth and margin expansion for 2025 and long term.

  • Risk & Broking (R&B) guided to mid to high single digit organic growth and 100 basis points of average annual margin expansion over next three years.

  • Insurance Consulting & Technology (ICT) now expected to deliver low to mid single digit growth for 2025.

  • Foreign currency expected to provide a $0.05 tailwind to adjusted diluted EPS in 2025.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Willis Towers Watson earnings date

Logotype for Willis Towers Watson plc
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Willis Towers Watson earnings date

Logotype for Willis Towers Watson plc
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Willis Towers Watson plc, through its subsidiaries, operates as an advisory, broking, and solutions company worldwide. The company offers risk management services, such as risk advice, risk transfer, and purchase of insurance and reinsurance; managing wholesale brokerage services; and various consulting services to corporate, public sector, financial institutions, professional services firms, and individuals.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage