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% on a YoY basis from 187.98% in Q2 2025, and up 0.66% quarter-over-quarter from 84.04% in Q1 2026.
Analysis
Willis Towers Watson (WTW) Gross Margin (2009 - 2026) Analysis & Trends
Willis Towers Watson (WTW) has reported Gross Margin for 18 consecutive years, with 84.59% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 55.0% year-over-year to 84.59%; the trailing twelve-month figure through Jun 2026 stood at 85.43% (up 213.0% YoY), and the FY2025 full-year result was 85.5%, up 396.0% from the prior year.
- Gross Margin rose to 84.59% in Q2 2026 per WTW's latest filing, from 84.04% in the prior quarter.
- Across five years, Gross Margin topped out at 87.91% in Q4 2025 and bottomed at 77.5% in Q1 2022.
- Historically, Gross Margin has averaged 82.3% across 5 years, with a median of 81.71% in 2023.
- The sharpest annual moves came in 2022 and 2025: Gross Margin sank 455 bps in 2022, then surged 498 bps in 2025.
- Over 5 years, Gross Margin stood at 84.13% in 2022, then decreased by 3 bps to 81.71% in 2023, then advanced by 1 bps to 82.93% in 2024, then advanced by 6 bps to 87.91% in 2025, then fell by 4 bps to 84.59% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 84.59%, 84.04%, and 87.91% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 85.17 Bn | 72.97 Bn | 6.04 Bn | 81.58% |
| 2 | Aon | 65.69 Bn | 64.43 Bn | - | - |
| 3 | Arthur J. Gallagher | 62.71 Bn | 61.33 Bn | - | - |
| 4 | Willis Towers Watson | 29.72 Bn | 28.05 Bn | 2.09 Bn | 84.59% |
| 5 | Brown & Brown | 22.12 Bn | 21.21 Bn | 1.41 Bn | 83.83% |
| 6 | XChange TEC.INC | 16.54 Bn | 16.54 Bn | - | - |
| 7 | Erie Indemnity | 11.15 Bn | 10.80 Bn | - | - |
| 8 | Ryan Specialty Holdings | 4.91 Bn | 4.77 Bn | - | - |
| 9 | Neptune Insurance Holdings | 4.30 Bn | 4.28 Bn | - | - |
| 10 | Baldwin Insurance | 2.74 Bn | 2.55 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.59% |
| Mar 31, 2026 | 84.04% |
| Dec 31, 2025 | 87.91% |
| Sep 30, 2025 | 84.62% |
| Jun 30, 2025 | 85.14% |
| Mar 31, 2025 | 83.58% |
| Dec 31, 2024 | 82.93% |
| Sep 30, 2024 | 81.70% |
| Jun 30, 2024 | 80.62% |
| Mar 31, 2024 | 80.48% |
| Dec 31, 2023 | 81.71% |
| Sep 30, 2023 | 81.72% |
| Jun 30, 2023 | 79.94% |
| Mar 31, 2023 | 79.81% |
| Dec 31, 2022 | 84.13% |
| Sep 30, 2022 | 80.34% |
| Jun 30, 2022 | 80.65% |
| Mar 31, 2022 | 77.50% |
| Dec 31, 2021 | 81.37% |
| Sep 30, 2021 | 80.49% |