Cash Flow Statement
Growth Metrics

Willis Towers Watson (WTW) FCF Payout Ratio (2009 - 2026)

Willis Towers Watson posted quarterly FCF Payout Ratio of 1.43 for Q1 2026, down 39.83% year-on-year from 2.38 in Q1 2025, and down 1238.18% on a QoQ basis from 0.13 in Q4 2025.

Willis Towers Watson (WTW) has 18 years of FCF Payout Ratio data on file, last reported at 1.43 in Q1 2026.

  • For the quarter ending Q1 2026, FCF Payout Ratio fell 39.83% year-over-year to 1.43; the trailing twelve-month figure through Mar 2026 stood at 0.23 (down 22.34% YoY), and the FY2025 full-year result was 0.23, down 18.05% from the prior year.
  • FCF Payout Ratio for Q1 2026 stood at 1.43, down from 0.13 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 15.67 in Q1 2022 and bottomed at 2.53 in Q1 2024.
  • The 5-year median for FCF Payout Ratio is 0.24 (2023), against an average of 0.86.
  • The widest annual swing landed in 2022, when FCF Payout Ratio surged 2518.12%; it then sank 426.62% in 2024.
  • A 5-year view of FCF Payout Ratio shows it stood at 0.22 in 2022, then climbed by 12.84% to 0.25 in 2023, then sank by 31.89% to 0.17 in 2024, then retreated by 26.6% to 0.13 in 2025, then plunged by 1238.18% to 1.43 in 2026.
  • The last three FCF Payout Ratio figures came in at 1.43 (Q1 2026), 0.13 (Q4 2025), and 0.15 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 0.45
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 0.20
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn -1.43
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 0.24
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn -0.05
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - -
9 Goosehead Insurance 1.01 Bn 899.53 Mn - -
10 Twfg 279.02 Mn 351.22 Mn - 0.33

Historic Data

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DateValue
Mar 31, 2026 -1.43
Dec 31, 2025 0.13
Sep 30, 2025 0.15
Jun 30, 2025 0.29
Mar 31, 2025 -1.02
Dec 31, 2024 0.17
Sep 30, 2024 0.21
Jun 30, 2024 0.26
Mar 31, 2024 -2.53
Dec 31, 2023 0.25
Sep 30, 2023 0.24
Jun 30, 2023 0.32
Mar 31, 2023 0.77
Dec 31, 2022 0.22
Sep 30, 2022 0.53
Jun 30, 2022 0.41
Mar 31, 2022 15.67
Dec 31, 2021 0.58
Sep 30, 2021 0.07
Jun 30, 2021 0.19
Mar 31, 2021 -0.65
Dec 31, 2020 0.16
Sep 30, 2020 0.18
Jun 30, 2020 0.14
Mar 31, 2020 11.00
Dec 31, 2019 0.21
Sep 30, 2019 0.28
Jun 30, 2019 0.25
Mar 31, 2019 -1.33
Dec 31, 2018 0.15
Sep 30, 2018 0.19
Jun 30, 2018 0.25
Mar 31, 2018 -1.68
Dec 31, 2017 0.16
Sep 30, 2017 0.63
Jun 30, 2017 0.77
Mar 31, 2017 0.96
Dec 31, 2016 0.27
Sep 30, 2016 -0.02
Jun 30, 2016 0.30
Mar 31, 2016 0.63
Dec 31, 2015 0.00
Sep 30, 2015 1.06
Jun 30, 2015 1.34
Mar 31, 2015 -0.67
Dec 31, 2014 0.45
Sep 30, 2014 1.39
Jun 30, 2014 0.11
Mar 31, 2014 -0.12
Dec 31, 2013 1.14
Sep 30, 2013 -0.43
Jun 30, 2013 1.34
Mar 31, 2013 0.06
Sep 30, 2012 0.01
Jun 30, 2012 -0.52
Mar 31, 2012 1.77
Dec 31, 2011 -0.97
Dec 31, 2010 0.21
Sep 30, 2010 0.48
Sep 30, 2009 0.08