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| Date | Value |
|---|---|
| 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 |