Willis Towers Watson WTW
NASDAQ WTW
$341.99 +0.84 (+0.25%)
At close: Aug 21, 2026 · 4:00 PM EDT

Willis Towers Watson (WTW) Cost of Revenue (2009 - 2026)

Willis Towers Watson's (WTW) quarterly Cost of Revenue came in at $380.0 million in Q2 2026, up 13.1% YoY from $336.0 million in Q2 2025, and down 1.3% on a QoQ basis from $385.0 million in Q1 2026.

Willis Towers Watson (WTW) Cost of Revenue (2009 - 2026) Analysis & Trends

Willis Towers Watson (WTW) has 18 years of Cost of Revenue data on file, last reported at $380.0 million in Q2 2026.

  • Quarterly Cost of Revenue rose 13.1% year-over-year to $380.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.5 billion (down 10.13% YoY) and the FY2025 annual result came in at $1.4 billion, down 23.19% from the prior year.
  • Cost of Revenue retreated to $380.0 million in Q2 2026, from $385.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $533.0 million in Q4 2023 to a low of $336.0 million in Q2 2025.
  • A 5-year average of $417.6 million and a median of $407.5 million in 2023 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue gained 23.38% — and 2025, when it slumped 31.47%.
  • Tracing WTW's Cost of Revenue over 5 years: stood at $432.0 million in 2022, then grew by 23.38% to $533.0 million in 2023, then slipped by 2.81% to $518.0 million in 2024, then plunged by 31.47% to $355.0 million in 2025, then climbed by 7.04% to $380.0 million in 2026.
  • The last three Cost of Revenue figures came in at $380.0 million (Q2 2026), $385.0 million (Q1 2026), and $355.0 million (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 XChange TEC.INC 265.99 Bn 265.99 Bn - -
2 Marsh & Mclennan Companies 92.14 Bn 79.94 Bn 6.04 Bn 1.36 Bn
3 Aon 75.64 Bn 74.37 Bn - -
4 Arthur J. Gallagher 67.55 Bn 66.16 Bn - -
5 Willis Towers Watson 32.13 Bn 30.47 Bn 2.09 Bn 380.00 Mn
6 Brown & Brown 23.98 Bn 23.06 Bn 1.41 Bn 271.00 Mn
7 Erie Indemnity 12.29 Bn 11.94 Bn - -
8 Neptune Insurance Holdings 4.61 Bn 4.59 Bn - -
9 Accelerant Holdings 4.28 Bn 2.62 Bn 285.20 Mn 71.70 Mn
10 Corvel 3.60 Bn 3.25 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2026 380.00 Mn
Jun 30, 2026 380.00 Mn
Mar 31, 2026 385.00 Mn
Mar 31, 2026 385.00 Mn
Dec 31, 2025 355.00 Mn
Dec 31, 2025 355.00 Mn
Sep 30, 2025 352.00 Mn
Sep 30, 2025 352.00 Mn
Jun 30, 2025 336.00 Mn
Jun 30, 2025 336.00 Mn
Mar 31, 2025 365.00 Mn
Mar 31, 2025 365.00 Mn
Dec 31, 2024 518.00 Mn
Dec 31, 2024 518.00 Mn
Sep 30, 2024 419.00 Mn
Sep 30, 2024 419.00 Mn
Jun 30, 2024 439.00 Mn
Jun 30, 2024 439.00 Mn
Mar 31, 2024 457.00 Mn
Mar 31, 2024 457.00 Mn