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