Cash Flow Statement
Growth Metrics

Willis Towers Watson (WTW) EBITDA Margin (2009 - 2026)

Willis Towers Watson posted quarterly EBITDA Margin of 11.05% for Q1 2026, down 974.0% year-on-year from 1.26% in Q1 2025, and down 66.59% on a QoQ basis from 33.06% in Q4 2025.

Willis Towers Watson (WTW) has 18 years of EBITDA Margin data on file, last reported at 11.05% in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA Margin fell 974.0% year-over-year to 11.05%; the trailing twelve-month figure through Mar 2026 stood at 21.54% (up 2234.0% YoY), and the FY2025 full-year result was 23.01%, up 2704.0% from the prior year.
  • EBITDA Margin for Q1 2026 stood at 11.05%, down from 33.06% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 33.06% in Q4 2025 and bottomed at 68.33% in Q3 2024.
  • The 5-year median for EBITDA Margin is 11.05% (2026), against an average of 7.6%.
  • The widest annual swing landed in 2024, when EBITDA Margin tumbled 7120 bps; it then surged 8185 bps in 2025.
  • A 5-year view of EBITDA Margin shows it stood at 25.23% in 2022, then tumbled by 46 bps to 13.5% in 2023, then surged by 119 bps to 29.59% in 2024, then rose by 12 bps to 33.06% in 2025, then sank by 67 bps to 11.05% in 2026.
  • The last three EBITDA Margin figures came in at 11.05% (Q1 2026), 33.06% (Q4 2025), and 13.53% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 34.98%
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 26.76%
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 11.05%
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 84.80%
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 9.32%
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 13.68%
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 0.87%
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 17.94%
10 Twfg 279.02 Mn 351.22 Mn - 16.96%

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 11.05%
Dec 31, 2025 33.06%
Sep 30, 2025 13.53%
Jun 30, 2025 24.77%
Mar 31, 2025 20.78%
Dec 31, 2024 29.59%
Sep 30, 2024 -68.33%
Jun 30, 2024 5.63%
Mar 31, 2024 6.32%
Dec 31, 2023 13.50%
Sep 30, 2023 2.87%
Jun 30, 2023 5.85%
Mar 31, 2023 11.41%
Dec 31, 2022 25.23%
Sep 30, 2022 -2.29%
Jun 30, 2022 -6.84%
Mar 31, 2022 3.06%
Dec 31, 2021 95.34%
Sep 30, 2021 41.66%
Jun 30, 2021 10.38%
Mar 31, 2021 35.05%
Dec 31, 2020 13.86%
Sep 30, 2020 13.60%
Jun 30, 2020 7.78%
Mar 31, 2020 4.38%
Dec 31, 2019 16.28%
Sep 30, 2019 -2.14%
Jun 30, 2019 5.86%
Mar 31, 2019 13.62%
Dec 31, 2018 1.22%
Sep 30, 2018 1.18%
Jun 30, 2018 -5.58%
Mar 31, 2018 13.00%
Dec 31, 2017 18.91%
Sep 30, 2017 1.84%
Jun 30, 2017 8.45%
Mar 31, 2017 14.27%
Dec 31, 2016 -27.04%
Sep 30, 2016 -4.05%
Jun 30, 2016 -2.87%
Mar 31, 2016 10.34%
Dec 31, 2015 2.77%
Sep 30, 2015 6.15%
Jun 30, 2015 13.88%
Mar 31, 2015 28.98%
Dec 31, 2014 16.81%
Sep 30, 2014 7.02%
Jun 30, 2014 18.40%
Mar 31, 2014 31.81%
Dec 31, 2013 18.61%
Sep 30, 2013 11.45%
Jun 30, 2013 21.12%
Mar 31, 2013 29.21%
Dec 31, 2012 -88.52%
Sep 30, 2012 7.03%
Jun 30, 2012 9.14%
Mar 31, 2012 88.85%
Dec 31, 2011 -23.32%
Sep 30, 2011 1.18%
Jun 30, 2011 12.31%
Mar 31, 2011 6.55%
Dec 31, 2010 23.55%
Sep 30, 2010 16.37%
Jun 30, 2010 23.15%
Sep 30, 2009 13.38%
Jun 30, 2009 22.83%