Willis Towers Watson (WTW) Gross Margin (2009 - 2026)
Willis Towers Watson (WTW) posted Gross Margin of 83.71% for Q1 2026, down 5.36% on a QoQ basis from 88.45% in Q4 2025, and up 13.0% year-over-year from 74.08% in Q1 2025.
Willis Towers Watson (WTW) Gross Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson's Gross Margin history runs 18 years deep, the most recent figure standing at 83.71% for Q1 2026.
- Quarterly Gross Margin rose 13.0% year-over-year to 83.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 85.63% (up 312.0% YoY) and the FY2025 annual result came in at 85.5%, up 396.0% from the prior year.
- Gross Margin was 83.71% for Q1 2026 at Willis Towers Watson, down from 88.45% in the prior quarter.
- Across five years, Gross Margin topped out at 88.45% in Q4 2025 and bottomed at 77.5% in Q1 2022.
- A 5-year average of 82.09% and a median of 81.36% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 455 bps — and 2025, when it soared 475 bps.
- Willis Towers Watson's Gross Margin stood at 84.7% in 2022, then retreated by 5 bps to 80.51% in 2023, then grew by 4 bps to 83.7% in 2024, then advanced by 6 bps to 88.45% in 2025, then fell by 5 bps to 83.71% in 2026.
- Business Quant data shows WTW's Gross Margin at 83.71% in Q1 2026, 88.45% in Q4 2025, and 84.29% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 81.58% |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | - |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | - |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 84.80% |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 69.96% |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 36.98% |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 23.31% |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | - |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 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 | 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% |
| Jun 30, 2021 | 81.64% |