Willis Towers Watson (WTW) Gross Margin (2009 - 2026)
Willis Towers Watson's (WTW) quarterly Gross Margin came in at 84.59% in Q2 2026, down 55.0% YoY from 187.98% in Q2 2025, and up 0.66% on a QoQ basis from 84.04% in Q1 2026.
Willis Towers Watson (WTW) Gross Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson (WTW) has 18 years of Gross Margin data on file, last reported at 84.59% in Q2 2026.
- Quarterly Gross Margin fell 55.0% year-over-year to 84.59% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 85.43% (up 213.0% YoY) and the FY2025 annual result came in at 85.5%, up 396.0% from the prior year.
- Gross Margin advanced to 84.59% in Q2 2026, from 84.04% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 87.91% in Q4 2025 to a low of 77.5% in Q1 2022.
- A 5-year average of 82.3% and a median of 81.71% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 455 bps — and 2025, when it jumped 498 bps.
- Tracing WTW's Gross Margin over 5 years: stood at 84.13% in 2022, then fell by 3 bps to 81.71% in 2023, then rose by 1 bps to 82.93% in 2024, then rose by 6 bps to 87.91% in 2025, then dropped by 4 bps to 84.59% in 2026.
- The last three Gross Margin figures came in at 84.59% (Q2 2026), 84.04% (Q1 2026), and 87.91% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 81.58% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | - |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 84.59% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 83.83% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | - |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | - |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 79.91% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 84.59% |
| 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 | 83.70% |
| Sep 30, 2024 | 81.70% |
| Jun 30, 2024 | 80.62% |
| Mar 31, 2024 | 80.48% |
| Dec 31, 2023 | 80.51% |
| Sep 30, 2023 | 81.36% |
| Jun 30, 2023 | 79.56% |
| Mar 31, 2023 | 79.81% |
| Dec 31, 2022 | 84.70% |
| Sep 30, 2022 | 80.34% |
| Jun 30, 2022 | 80.09% |
| Mar 31, 2022 | 77.50% |
| Dec 31, 2021 | 81.37% |
| Sep 30, 2021 | 80.49% |