Willis Towers Watson (WTW) Operating Expenses (2009 - 2026)
Willis Towers Watson's (WTW) quarterly Operating Expenses came in at $2.1 billion in Q2 2026, up 11.04% YoY from $1.9 billion in Q2 2025, and up 7.03% on a QoQ basis from $2.0 billion in Q1 2026.
Willis Towers Watson (WTW) Operating Expenses (2009 - 2026) Analysis & Trends
Willis Towers Watson (WTW) has 18 years of Operating Expenses data on file, last reported at $2.1 billion in Q2 2026.
- Quarterly Operating Expenses rose 11.04% year-over-year to $2.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $7.9 billion (down 11.46% YoY) and the FY2025 annual result came in at $7.5 billion, down 19.66% from the prior year.
- Operating Expenses advanced to $2.1 billion in Q2 2026, from $2.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.1 billion in Q3 2024 to a low of $1.8 billion in Q1 2025.
- A 5-year average of $2.0 billion and a median of $2.0 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 113.66% — and 2025, when it tumbled 38.79%.
- Tracing WTW's Operating Expenses over 5 years: stood at $2.0 billion in 2022, then rose by 6.01% to $2.1 billion in 2023, then decreased by 0.05% to $2.1 billion in 2024, then slipped by 10.03% to $1.9 billion in 2025, then advanced by 9.48% to $2.1 billion in 2026.
- The last three Operating Expenses figures came in at $2.1 billion (Q2 2026), $2.0 billion (Q1 2026), and $1.9 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 265.99 Bn | 265.99 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.14 Bn | 79.94 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.64 Bn | 74.37 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 67.55 Bn | 66.16 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.13 Bn | 30.47 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.98 Bn | 23.06 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.29 Bn | 11.94 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.61 Bn | 4.59 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.10 Bn |
| Mar 31, 2026 | 1.96 Bn |
| Dec 31, 2025 | 1.92 Bn |
| Sep 30, 2025 | 1.87 Bn |
| Jun 30, 2025 | 1.89 Bn |
| Mar 31, 2025 | 1.79 Bn |
| Dec 31, 2024 | 2.13 Bn |
| Sep 30, 2024 | 3.06 Bn |
| Jun 30, 2024 | 2.05 Bn |
| Mar 31, 2024 | 2.06 Bn |
| Dec 31, 2023 | 2.14 Bn |
| Sep 30, 2023 | 2.01 Bn |
| Jun 30, 2023 | 2.02 Bn |
| Mar 31, 2023 | 1.96 Bn |
| Dec 31, 2022 | 2.01 Bn |
| Sep 30, 2022 | 1.80 Bn |
| Jun 30, 2022 | 1.89 Bn |
| Mar 31, 2022 | 1.98 Bn |
| Dec 31, 2021 | 2.02 Bn |
| Sep 30, 2021 | 842.00 Mn |