Willis Towers Watson Public profit margin WTW
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 15.5%
- Operating margin, 12 months
- 22.2%
- Net margin on a year earlier
- +14.1 pts
- Peer median
- 14.1%
Over the twelve months to Jun 30, 2026, Willis Towers Watson Public kept 15.5% of its revenue as net profit, with an operating margin of 22.2%.
Five years earlier its net margin was 17.0%.
The median for 10 insurance brokers of a similar size is 14.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 16.5% | 23.0% |
| FY2024 | −1.0% | 6.3% |
| FY2023 | 11.1% | 14.4% |
| FY2022 | 11.4% | 13.3% |
| FY2021 | 46.9% | 24.5% |
| FY2020 | 11.6% | 10.0% |
| FY2019 | 11.6% | 14.7% |
| FY2018 | 8.2% | 9.5% |
| FY2017 | 6.9% | 6.3% |
| FY2016 | 5.3% | 7.0% |
| FY2015 | 9.7% | 11.2% |
| FY2014 | 9.5% | 17.0% |
| FY2013 | 10.0% | 18.1% |
| FY2012 | −12.8% | −6.0% |
| FY2011 | 5.9% | 16.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 15.5% | +14.1 pts | 22.2% | |
| Q1 FY26 | 16.8% | +17.4 pts | 22.7% | |
| Q4 FY25 | 16.5% | +17.5 pts | 23.0% | |
| Q3 FY25 | 21.6% | +28.9 pts | 21.6% | |
| Q2 FY25 | 1.4% | −9.8 pts | 9.5% | |
| Q1 FY25 | −0.5% | −11.4 pts | 7.9% | |
| Q4 FY24 | −1.0% | −12.1 pts | 6.3% | |
| Q3 FY24 | −7.4% | −18.3 pts | 5.1% | |
| Q2 FY24 | 11.2% | −0.6 pts | 14.8% | |
| Q1 FY24 | 10.9% | −1.3 pts | 14.2% | |
| Q4 FY23 | 11.1% | −0.3 pts | 14.4% | |
| Q3 FY23 | 11.0% | −20.9 pts | 13.9% |
Against its peers
Companies in Insurance - Brokers nearest Willis Towers Watson Public's size, closest first, today.
| Company | Profit margin |
|---|---|
| WTWWillis Towers Watson Public | 15.5% |
| BROBrown & Brown | 17.7% |
| AONAon | 22.3% |
| AJGArthur J. Gallagher | 10.0% |
| ERIEErie Indemnity | 14.0% |
| RYANRyan Specialty | 3.1% |
| MRSHMarsh & McLennan Companies | 14.2% |
| ACTEnact | 54.5% |
| HGTYHagerty | 1.8% |
| CRVLCorvel | 11.7% |
| NPNeptune Insurance | 22.7% |
| Peer median | 14.1% |
Where Willis Towers Watson Public ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Willis Towers Watson Public
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.