Willis Towers Watson (WTW) Free Cash Flow (2009 - 2026)
Willis Towers Watson posted quarterly Free Cash Flow of -$65.0 million for Q1 2026, up 24.42% year-on-year from -$52.2 million in Q1 2025, and down 109.18% on a QoQ basis from $708.0 million in Q4 2025.
Willis Towers Watson (WTW) has 18 years of Free Cash Flow data on file, last reported at -$65.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 24.42% year-over-year to -$65.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 28.76% YoY), and the FY2025 full-year result was $1.5 billion, up 22.02% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$65.0 million, down from $708.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $708.0 million in Q4 2025 and bottomed at -$86.0 million in Q1 2025.
- The 5-year median for Free Cash Flow is $303.0 million (2025), against an average of $270.4 million.
- The widest annual swing landed in 2023, when Free Cash Flow jumped 1816.67%; it then sank 138.89% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $359.0 million in 2022, then decreased by 3.62% to $346.0 million in 2023, then soared by 56.94% to $543.0 million in 2024, then jumped by 30.39% to $708.0 million in 2025, then plunged by 109.18% to -$65.0 million in 2026.
- The last three Free Cash Flow figures came in at -$65.0 million (Q1 2026), $708.0 million (Q4 2025), and $621.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 363.00 Mn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 921.00 Mn |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | -65.00 Mn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 241.00 Mn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | -28.10 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 46.14 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -18.74 Mn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 17.17 Mn |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 22.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -65.00 Mn |
| Mar 31, 2026 | -65.00 Mn |
| Dec 31, 2025 | 708.00 Mn |
| Dec 31, 2025 | 708.00 Mn |
| Sep 30, 2025 | 621.00 Mn |
| Sep 30, 2025 | 621.00 Mn |
| Jun 30, 2025 | 303.00 Mn |
| Jun 30, 2025 | 303.00 Mn |
| Mar 31, 2025 | -86.00 Mn |
| Mar 31, 2025 | -86.00 Mn |
| Dec 31, 2024 | 543.00 Mn |
| Dec 31, 2024 | 543.00 Mn |
| Sep 30, 2024 | 419.00 Mn |
| Sep 30, 2024 | 419.00 Mn |
| Jun 30, 2024 | 341.00 Mn |
| Jun 30, 2024 | 341.00 Mn |
| Mar 31, 2024 | -36.00 Mn |
| Mar 31, 2024 | -36.00 Mn |
| Dec 31, 2023 | 346.00 Mn |
| Dec 31, 2023 | 346.00 Mn |
| Sep 30, 2023 | 368.00 Mn |
| Sep 30, 2023 | 368.00 Mn |
| Jun 30, 2023 | 274.00 Mn |
| Jun 30, 2023 | 274.00 Mn |
| Mar 31, 2023 | 115.00 Mn |
| Mar 31, 2023 | 115.00 Mn |
| Dec 31, 2022 | 359.00 Mn |
| Dec 31, 2022 | 359.00 Mn |
| Sep 30, 2022 | 162.00 Mn |
| Sep 30, 2022 | 162.00 Mn |
| Jun 30, 2022 | 219.00 Mn |
| Jun 30, 2022 | 219.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Dec 31, 2021 | 171.00 Mn |
| Dec 31, 2021 | 171.00 Mn |
| Sep 30, 2021 | 1.50 Bn |
| Sep 30, 2021 | 1.50 Bn |
| Jun 30, 2021 | 481.00 Mn |
| Jun 30, 2021 | 481.00 Mn |
| Mar 31, 2021 | -142.00 Mn |
| Mar 31, 2021 | -142.00 Mn |
| Dec 31, 2020 | 554.00 Mn |
| Dec 31, 2020 | 554.00 Mn |
| Sep 30, 2020 | 505.00 Mn |
| Sep 30, 2020 | 505.00 Mn |
| Jun 30, 2020 | 644.00 Mn |
| Jun 30, 2020 | 644.00 Mn |
| Mar 31, 2020 | 8.00 Mn |
| Mar 31, 2020 | 8.00 Mn |
| Dec 31, 2019 | 445.00 Mn |
| Dec 31, 2019 | 445.00 Mn |
| Sep 30, 2019 | 308.00 Mn |
| Sep 30, 2019 | 308.00 Mn |
| Jun 30, 2019 | 333.00 Mn |
| Jun 30, 2019 | 333.00 Mn |
| Mar 31, 2019 | -64.00 Mn |
| Mar 31, 2019 | -64.00 Mn |
| Dec 31, 2018 | 559.00 Mn |
| Dec 31, 2018 | 559.00 Mn |
| Sep 30, 2018 | 421.00 Mn |
| Sep 30, 2018 | 421.00 Mn |
| Jun 30, 2018 | 301.00 Mn |
| Jun 30, 2018 | 301.00 Mn |
| Mar 31, 2018 | -47.00 Mn |
| Mar 31, 2018 | -47.00 Mn |
| Dec 31, 2017 | 470.00 Mn |
| Dec 31, 2017 | 470.00 Mn |
| Sep 30, 2017 | 117.00 Mn |
| Sep 30, 2017 | 117.00 Mn |
| Jun 30, 2017 | 105.00 Mn |
| Jun 30, 2017 | 105.00 Mn |
| Mar 31, 2017 | 80.00 Mn |
| Mar 31, 2017 | 80.00 Mn |
| Dec 31, 2016 | 245.00 Mn |
| Dec 31, 2016 | 245.00 Mn |
| Sep 30, 2016 | 126.00 Mn |
| Sep 30, 2016 | 126.00 Mn |
| Jun 30, 2016 | 243.00 Mn |
| Jun 30, 2016 | 243.00 Mn |
| Mar 31, 2016 | 101.00 Mn |
| Mar 31, 2016 | 101.00 Mn |
| Dec 31, 2015 | 85.00 Mn |
| Dec 31, 2015 | 85.00 Mn |
| Sep 30, 2015 | 53.00 Mn |
| Sep 30, 2015 | 53.00 Mn |
| Jun 30, 2015 | 41.00 Mn |
| Jun 30, 2015 | 41.00 Mn |
| Mar 31, 2015 | -81.00 Mn |
| Mar 31, 2015 | -81.00 Mn |
| Dec 31, 2014 | 164.00 Mn |
| Dec 31, 2014 | 164.00 Mn |
| Sep 30, 2014 | 102.00 Mn |
| Sep 30, 2014 | 102.00 Mn |
| Jun 30, 2014 | 115.00 Mn |
| Jun 30, 2014 | 115.00 Mn |
| Mar 31, 2014 | -17.00 Mn |
| Mar 31, 2014 | -17.00 Mn |
| Dec 31, 2013 | 161.00 Mn |
| Dec 31, 2013 | 161.00 Mn |
| Sep 30, 2013 | 202.00 Mn |
| Sep 30, 2013 | 202.00 Mn |
| Jun 30, 2013 | 70.00 Mn |
| Jun 30, 2013 | 70.00 Mn |
| Mar 31, 2013 | 16.00 Mn |
| Mar 31, 2013 | 16.00 Mn |
| Dec 31, 2012 | 177.00 Mn |
| Dec 31, 2012 | 177.00 Mn |
| Sep 30, 2012 | 118.00 Mn |
| Sep 30, 2012 | 118.00 Mn |
| Jun 30, 2012 | 69.00 Mn |
| Jun 30, 2012 | 69.00 Mn |
| Mar 31, 2012 | 26.00 Mn |
| Mar 31, 2012 | 26.00 Mn |
| Dec 31, 2011 | 127.00 Mn |
| Dec 31, 2011 | 127.00 Mn |
| Dec 31, 2010 | 207.00 Mn |
| Dec 31, 2010 | 207.00 Mn |
| Sep 30, 2010 | 90.00 Mn |
| Sep 30, 2010 | 90.00 Mn |
| Dec 31, 2009 | 135.00 Mn |
| Dec 31, 2009 | 135.00 Mn |
| Sep 30, 2009 | 38.00 Mn |
| Sep 30, 2009 | 38.00 Mn |