Willis Towers Watson (WTW) Change in Receivables (2009 - 2026)
Willis Towers Watson posted quarterly Change in Receivables of -$75.0 million for Q1 2026, up 53.7% year-on-year from -$48.8 million in Q1 2025, and down 114.71% on a QoQ basis from $510.0 million in Q4 2025.
Willis Towers Watson (WTW) has 18 years of Change in Receivables data on file, last reported at -$75.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables rose 53.7% year-over-year to -$75.0 million; the trailing twelve-month figure through Mar 2026 stood at $215.0 million (up 16.85% YoY), and the FY2025 full-year result was $128.0 million, down 45.06% from the prior year.
- Change in Receivables for Q1 2026 stood at -$75.0 million, down from $510.0 million in the prior quarter.
- Across five years, Change in Receivables topped out at $510.0 million in Q4 2025 and bottomed at -$162.0 million in Q1 2025.
- The 5-year median for Change in Receivables is -$82.0 million (2022), against an average of $40.0 million.
- The widest annual swing landed in 2024, when Change in Receivables soared 85.71%; it then slumped 1160.0% in 2025.
- A 5-year view of Change in Receivables shows it stood at $458.0 million in 2022, then climbed by 1.97% to $467.0 million in 2023, then climbed by 7.92% to $504.0 million in 2024, then rose by 1.19% to $510.0 million in 2025, then sank by 114.71% to -$75.0 million in 2026.
- The last three Change in Receivables figures came in at -$75.0 million (Q1 2026), $510.0 million (Q4 2025), and -$157.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 905.00 Mn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 869.00 Mn |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | -75.00 Mn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | - |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 110.00 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | -3.16 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | 55.67 Mn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | - |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 585,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -75.00 Mn |
| Mar 31, 2026 | -75.00 Mn |
| Dec 31, 2025 | 510.00 Mn |
| Dec 31, 2025 | 510.00 Mn |
| Sep 30, 2025 | -157.00 Mn |
| Sep 30, 2025 | -157.00 Mn |
| Jun 30, 2025 | -63.00 Mn |
| Jun 30, 2025 | -63.00 Mn |
| Mar 31, 2025 | -162.00 Mn |
| Mar 31, 2025 | -162.00 Mn |
| Dec 31, 2024 | 504.00 Mn |
| Dec 31, 2024 | 504.00 Mn |
| Sep 30, 2024 | -153.00 Mn |
| Sep 30, 2024 | -153.00 Mn |
| Jun 30, 2024 | -5.00 Mn |
| Jun 30, 2024 | -5.00 Mn |
| Mar 31, 2024 | -113.00 Mn |
| Mar 31, 2024 | -113.00 Mn |
| Dec 31, 2023 | 467.00 Mn |
| Dec 31, 2023 | 467.00 Mn |
| Sep 30, 2023 | -97.00 Mn |
| Sep 30, 2023 | -97.00 Mn |
| Jun 30, 2023 | -35.00 Mn |
| Jun 30, 2023 | -35.00 Mn |
| Mar 31, 2023 | -129.00 Mn |
| Mar 31, 2023 | -129.00 Mn |
| Dec 31, 2022 | 458.00 Mn |
| Dec 31, 2022 | 458.00 Mn |
| Sep 30, 2022 | -90.00 Mn |
| Sep 30, 2022 | -90.00 Mn |
| Jun 30, 2022 | -98.00 Mn |
| Jun 30, 2022 | -98.00 Mn |
| Mar 31, 2022 | -82.00 Mn |
| Mar 31, 2022 | -82.00 Mn |
| Dec 31, 2021 | 309.00 Mn |
| Dec 31, 2021 | 309.00 Mn |
| Sep 30, 2021 | -214.00 Mn |
| Sep 30, 2021 | -214.00 Mn |
| Jun 30, 2021 | -76.00 Mn |
| Jun 30, 2021 | -76.00 Mn |
| Mar 31, 2021 | 115.00 Mn |
| Mar 31, 2021 | 115.00 Mn |
| Dec 31, 2020 | 287.00 Mn |
| Dec 31, 2020 | 287.00 Mn |
| Sep 30, 2020 | -231.00 Mn |
| Sep 30, 2020 | -231.00 Mn |
| Jun 30, 2020 | -174.00 Mn |
| Jun 30, 2020 | -174.00 Mn |
| Mar 31, 2020 | 46.00 Mn |
| Mar 31, 2020 | 46.00 Mn |
| Dec 31, 2019 | 454.00 Mn |
| Dec 31, 2019 | 454.00 Mn |
| Sep 30, 2019 | -275.00 Mn |
| Sep 30, 2019 | -275.00 Mn |
| Jun 30, 2019 | -39.00 Mn |
| Jun 30, 2019 | -39.00 Mn |
| Mar 31, 2019 | 121.00 Mn |
| Mar 31, 2019 | 121.00 Mn |
| Dec 31, 2018 | 264.00 Mn |
| Dec 31, 2018 | 264.00 Mn |
| Sep 30, 2018 | -251.00 Mn |
| Sep 30, 2018 | -251.00 Mn |
| Jun 30, 2018 | -124.00 Mn |
| Jun 30, 2018 | -124.00 Mn |
| Mar 31, 2018 | 43.00 Mn |
| Mar 31, 2018 | 43.00 Mn |
| Dec 31, 2017 | 95.00 Mn |
| Dec 31, 2017 | 95.00 Mn |
| Sep 30, 2017 | -205.00 Mn |
| Sep 30, 2017 | -205.00 Mn |
| Jun 30, 2017 | -79.00 Mn |
| Jun 30, 2017 | -79.00 Mn |
| Mar 31, 2017 | 253.00 Mn |
| Mar 31, 2017 | 253.00 Mn |
| Dec 31, 2016 | 121.00 Mn |
| Dec 31, 2016 | 121.00 Mn |
| Sep 30, 2016 | -143.00 Mn |
| Sep 30, 2016 | -143.00 Mn |
| Jun 30, 2016 | -38.00 Mn |
| Jun 30, 2016 | -38.00 Mn |
| Mar 31, 2016 | 161.00 Mn |
| Mar 31, 2016 | 161.00 Mn |
| Dec 31, 2015 | 100.00 Mn |
| Dec 31, 2015 | 100.00 Mn |
| Sep 30, 2015 | -105.00 Mn |
| Sep 30, 2015 | -105.00 Mn |
| Jun 30, 2015 | 8.00 Mn |
| Jun 30, 2015 | 8.00 Mn |
| Mar 31, 2015 | 152.00 Mn |
| Mar 31, 2015 | 152.00 Mn |
| Dec 31, 2014 | 35.00 Mn |
| Dec 31, 2014 | 35.00 Mn |
| Sep 30, 2014 | -106.00 Mn |
| Sep 30, 2014 | -106.00 Mn |
| Jun 30, 2014 | -3.00 Mn |
| Jun 30, 2014 | -3.00 Mn |
| Mar 31, 2014 | 140.00 Mn |
| Mar 31, 2014 | 140.00 Mn |
| Dec 31, 2013 | 60.00 Mn |
| Dec 31, 2013 | 60.00 Mn |
| Sep 30, 2013 | -68.00 Mn |
| Sep 30, 2013 | -68.00 Mn |
| Jun 30, 2013 | -4.00 Mn |
| Jun 30, 2013 | -4.00 Mn |
| Mar 31, 2013 | 128.00 Mn |
| Mar 31, 2013 | 128.00 Mn |
| Dec 31, 2012 | 25.00 Mn |
| Dec 31, 2012 | 25.00 Mn |
| Sep 30, 2012 | -119.00 Mn |
| Sep 30, 2012 | -119.00 Mn |
| Jun 30, 2012 | 31.00 Mn |
| Jun 30, 2012 | 31.00 Mn |
| Mar 31, 2012 | 80.00 Mn |
| Mar 31, 2012 | 80.00 Mn |
| Dec 31, 2011 | 12.00 Mn |
| Dec 31, 2011 | 12.00 Mn |
| Sep 30, 2011 | -108.00 Mn |
| Sep 30, 2011 | -108.00 Mn |
| Jun 30, 2011 | 48.00 Mn |
| Jun 30, 2011 | 48.00 Mn |
| Mar 31, 2011 | 140.00 Mn |
| Mar 31, 2011 | 140.00 Mn |
| Dec 31, 2010 | -8.00 Mn |
| Dec 31, 2010 | -8.00 Mn |
| Sep 30, 2010 | -76.00 Mn |
| Sep 30, 2010 | -76.00 Mn |
| Jun 30, 2010 | 42.00 Mn |
| Jun 30, 2010 | 42.00 Mn |
| Dec 31, 2009 | 291.00 Mn |
| Dec 31, 2009 | 291.00 Mn |
| Sep 30, 2009 | -1.48 Bn |
| Sep 30, 2009 | -1.48 Bn |