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

Willis Towers Watson (WTW) posted Cost of Revenue of $385.0 million for Q1 2026, up 8.45% on a QoQ basis from $355.0 million in Q4 2025, and up 5.48% year-over-year from $365.0 million in Q1 2025.

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

Willis Towers Watson's Cost of Revenue history runs 18 years deep, the most recent figure standing at $385.0 million for Q1 2026.

  • Quarterly Cost of Revenue rose 5.48% year-over-year to $385.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 17.98% YoY) and the FY2025 annual result came in at $1.4 billion, down 23.19% from the prior year.
  • Cost of Revenue was $385.0 million for Q1 2026 at Willis Towers Watson, up from $355.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $533.0 million in Q4 2023 and bottomed at $336.0 million in Q2 2025.
  • A 5-year average of $419.8 million and a median of $419.0 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue grew 23.38% — and 2025, when it sank 31.47%.
  • Willis Towers Watson's Cost of Revenue stood at $432.0 million in 2022, then rose by 23.38% to $533.0 million in 2023, then declined by 2.81% to $518.0 million in 2024, then slumped by 31.47% to $355.0 million in 2025, then gained by 8.45% to $385.0 million in 2026.
  • Business Quant data shows WTW's Cost of Revenue at $385.0 million in Q1 2026, $355.0 million in Q4 2025, and $352.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 XChange TEC.INC 120,003.58 Bn 120,003.57 Bn - -
2 Marsh & Mclennan Companies 87.96 Bn 75.75 Bn 6.04 Bn 1.36 Bn
3 Aon 78.60 Bn 77.19 Bn - -
4 Arthur J. Gallagher 65.15 Bn 63.73 Bn - -
5 Willis Towers Watson 28.74 Bn 26.89 Bn 1.98 Bn 385.00 Mn
6 Brown & Brown 23.32 Bn 22.32 Bn 1.61 Bn 289.00 Mn
7 Neptune Insurance Holdings 4.24 Bn 4.23 Bn 26.44 Mn 11.35 Mn
8 Accelerant Holdings 3.26 Bn 1.72 Bn 48.00 Mn 81.80 Mn
9 Corvel 3.10 Bn 2.76 Bn 54.92 Mn 180.71 Mn
10 Baldwin Insurance 2.55 Bn 2.40 Bn - -

Historic Data

Download Data
DateValue
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
Dec 31, 2023 533.00 Mn
Dec 31, 2023 533.00 Mn