Willis Towers Watson (WTW) Gross Margin (2009 - 2026)
Willis Towers Watson (WTW) reported Gross Margin of 83.71% for Q1 2026, up 13.0% on a YoY basis from 74.08% in Q1 2025, and down 5.36% quarter-over-quarter from 88.45% in Q4 2025.
Willis Towers Watson (WTW) Gross Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson has reported Gross Margin for 18 years, with the latest figure at 83.71% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 13.0% year-over-year to 83.71%; the trailing twelve-month figure through Mar 2026 stood at 85.63% (up 346.0% YoY), and the FY2025 full-year result was 85.5%, up 396.0% from the prior year.
- Gross Margin for Q1 2026 stood at 83.71%, down from 88.45% in the prior quarter.
- The five-year high for Gross Margin was 88.45% in Q4 2025, with the low at 77.5% in Q1 2022.
- Historically, Gross Margin has averaged 81.98% across 5 years, with a median of 81.36% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 455 bps — and 2025, when it soared 552 bps.
- Willis Towers Watson's Gross Margin stood at 83.9% in 2022, then declined by 3 bps to 81.36% in 2023, then grew by 2 bps to 82.93% in 2024, then climbed by 7 bps to 88.45% in 2025, then dropped by 5 bps to 83.71% in 2026.
- The last three Gross Margin figures came in at 83.71% (Q1 2026), 88.45% (Q4 2025), and 84.29% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 77.45% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | - |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | - |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 84.80% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | - |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 23.31% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 36.98% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.71% |
| Dec 31, 2025 | 88.45% |
| Sep 30, 2025 | 84.29% |
| Jun 30, 2025 | 85.14% |
| Mar 31, 2025 | 83.58% |
| Dec 31, 2024 | 82.93% |
| Sep 30, 2024 | 81.70% |
| Jun 30, 2024 | 80.22% |
| Mar 31, 2024 | 80.09% |
| Dec 31, 2023 | 81.36% |
| Sep 30, 2023 | 81.36% |
| Jun 30, 2023 | 79.56% |
| Mar 31, 2023 | 79.81% |
| Dec 31, 2022 | 83.90% |
| Sep 30, 2022 | 79.99% |
| Jun 30, 2022 | 80.09% |
| Mar 31, 2022 | 77.50% |
| Dec 31, 2021 | 81.37% |
| Sep 30, 2021 | 80.49% |
| Jun 30, 2021 | 81.64% |