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
DateValue
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%