Willis Towers Watson (WTW) Gross Margin (2009 - 2026)
Willis Towers Watson posted quarterly Gross Margin of 83.71% for Q1 2026, up 13.0% year-on-year from 74.08% in Q1 2025, and down 5.36% on a QoQ basis from 88.45% in Q4 2025.
Willis Towers Watson (WTW) has 18 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 88.45% in Q4 2025 and bottomed at 77.5% in Q1 2022.
- The 5-year median for Gross Margin is 81.36% (2023), against an average of 81.98%.
- The widest annual swing landed in 2022, when Gross Margin slumped 455 bps; it then soared 552 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 83.9% in 2022, then fell by 3 bps to 81.36% in 2023, then increased by 2 bps to 82.93% in 2024, then grew by 7 bps to 88.45% in 2025, then declined 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 | Aon | 69.60 Bn | 68.21 Bn | - | - |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 83.71% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 84.80% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 36.98% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 23.31% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | - |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | - |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | - |
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% |
| Mar 31, 2021 | 82.05% |
| Dec 31, 2020 | 81.75% |
| Sep 30, 2020 | 80.50% |
| Jun 30, 2020 | 79.92% |
| Mar 31, 2020 | 77.19% |
| Dec 31, 2019 | 85.13% |
| Sep 30, 2019 | 78.79% |
| Jun 30, 2019 | 79.70% |
| Mar 31, 2019 | 81.92% |
| Dec 31, 2018 | 81.70% |
| Sep 30, 2018 | 79.88% |
| Jun 30, 2018 | 79.60% |
| Mar 31, 2018 | 81.54% |
| Dec 31, 2017 | 81.91% |
| Sep 30, 2017 | 80.24% |
| Jun 30, 2017 | 79.98% |
| Mar 31, 2017 | 82.71% |
| Dec 31, 2016 | 80.28% |
| Sep 30, 2016 | 79.18% |
| Jun 30, 2016 | 80.86% |
| Mar 31, 2016 | 80.71% |
| Dec 31, 2015 | 79.26% |
| Sep 30, 2015 | 79.08% |
| Jun 30, 2015 | 80.59% |
| Mar 31, 2015 | 85.28% |
| Dec 31, 2014 | 82.78% |
| Sep 30, 2014 | 80.79% |
| Jun 30, 2014 | 81.50% |
| Mar 31, 2014 | 84.96% |
| Dec 31, 2013 | 81.94% |
| Sep 30, 2013 | 81.26% |
| Jun 30, 2013 | 82.13% |
| Mar 31, 2013 | 84.59% |
| Dec 31, 2012 | 80.60% |
| Sep 30, 2012 | 80.64% |
| Jun 30, 2012 | 84.68% |
| Mar 31, 2012 | 84.60% |
| Dec 31, 2011 | 76.31% |
| Sep 30, 2011 | 80.79% |
| Jun 30, 2011 | 80.95% |
| Mar 31, 2011 | 84.91% |
| Dec 31, 2010 | 81.76% |
| Sep 30, 2010 | 82.40% |
| Jun 30, 2010 | 83.10% |
| Sep 30, 2009 | 79.17% |
| Jun 30, 2009 | 82.27% |