Willis Towers Watson (WTW) Free Cash Flow (2009 - 2026)
Willis Towers Watson (WTW) reported Free Cash Flow of -$65.0 million for Q1 2026, up 24.42% on a YoY basis from -$52.2 million in Q1 2025, and down 109.18% quarter-over-quarter from $708.0 million in Q4 2025.
Willis Towers Watson (WTW) Free Cash Flow (2009 - 2026) Analysis & Trends
Willis Towers Watson has reported Free Cash Flow for 18 years, with the latest figure 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.
- The five-year high for Free Cash Flow was $708.0 million in Q4 2025, with the low at -$86.0 million in Q1 2025.
- Historically, Free Cash Flow has averaged $270.4 million across 5 years, with a median of $303.0 million in 2025.
- Annual changes were most pronounced in 2023 — Free Cash Flow jumped 1816.67% — and 2025, when it tumbled 138.89%.
- Willis Towers Watson's Free Cash Flow stood at $359.0 million in 2022, then retreated by 3.62% to $346.0 million in 2023, then surged by 56.94% to $543.0 million in 2024, then soared by 30.39% to $708.0 million in 2025, then sank 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) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | -750.00 Mn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 363.00 Mn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 921.00 Mn |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | -65.00 Mn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 241.00 Mn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 15.60 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 46.14 Mn |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -28.10 Mn |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -18.74 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 |