Willis Towers Watson (WTW) Operating Expenses (2009 - 2026)

Willis Towers Watson (WTW) posted Operating Expenses of $2.0 billion for Q1 2026, up 2.29% on a QoQ basis from $1.9 billion in Q4 2025, and up 9.66% year-over-year from $1.8 billion in Q1 2025.

Willis Towers Watson (WTW) Operating Expenses (2009 - 2026) Analysis & Trends

Willis Towers Watson's Operating Expenses history runs 18 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

  • Quarterly Operating Expenses rose 9.66% year-over-year to $2.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.6 billion (down 15.34% YoY) and the FY2025 annual result came in at $7.5 billion, down 19.66% from the prior year.
  • Operating Expenses was $2.0 billion for Q1 2026 at Willis Towers Watson, up from $1.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.1 billion in Q3 2024 and bottomed at $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 slumped 38.79%.
  • Willis Towers Watson's Operating Expenses stood at $2.0 billion in 2022, then advanced by 6.01% to $2.1 billion in 2023, then dropped by 0.05% to $2.1 billion in 2024, then declined by 10.03% to $1.9 billion in 2025, then rose by 2.29% to $2.0 billion in 2026.
  • Business Quant data shows WTW's Operating Expenses at $2.0 billion in Q1 2026, $1.9 billion in Q4 2025, and $1.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 84.27 Bn 72.32 Bn 6.04 Bn 5.51 Bn
2 Aon 75.99 Bn 74.60 Bn - 3.32 Bn
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn - 643.00 Mn
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn 1.96 Bn
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn 1.37 Bn
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn 24.35 Mn
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn 271.30 Mn
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn 22.68 Mn
9 Baldwin Insurance 2.43 Bn 2.87 Bn - 633.50 Mn
10 Goosehead Insurance 1.31 Bn 1.20 Bn - 86.80 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 1.92 Bn