Willis Towers Watson (WTW) Tax Rate (2009 - 2026)

Willis Towers Watson (WTW) reported Tax Rate of 18.62% for Q1 2026, down 284.0% on a YoY basis from 10.12% in Q1 2025, and up 24.16% quarter-over-quarter from 14.99% in Q4 2025.

Willis Towers Watson (WTW) Tax Rate (2009 - 2026) Analysis & Trends

Willis Towers Watson has reported Tax Rate for 18 years, with the latest figure at 18.62% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 284.0% year-over-year to 18.62%; the trailing twelve-month figure through Mar 2026 stood at 13.23% (down 11499.0% YoY), and the FY2025 full-year result was 13.47%, down 17477.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 18.62%, up from 14.99% in the prior quarter.
  • The five-year high for Tax Rate was 27.39% in Q1 2022, with the low at 6.71% in Q2 2025.
  • Historically, Tax Rate has averaged 16.46% across 5 years, with a median of 18.62% in 2026.
  • The largest YoY upside for Tax Rate was 1993 bps in 2022 against a maximum downside of 2845 bps in 2022.
  • Willis Towers Watson's Tax Rate stood at 25.1% in 2022, then slumped by 37 bps to 15.76% in 2023, then surged by 65 bps to 26.02% in 2024, then tumbled by 42 bps to 14.99% in 2025, then rose by 24 bps to 18.62% in 2026.
  • The last three Tax Rate figures came in at 18.62% (Q1 2026), 14.99% (Q4 2025), and 19.74% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 24.98%
2 Aon 69.98 Bn 68.59 Bn - 20.22%
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 21.09%
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 18.62%
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 19.89%
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 27.06%
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 25.00%
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 305.00%
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 98.71%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.62%
Mar 31, 2026 18.62%
Dec 31, 2025 14.99%
Dec 31, 2025 14.99%
Sep 30, 2025 19.74%
Sep 30, 2025 19.74%
Jun 30, 2025 -6.71%
Jun 30, 2025 -6.71%
Mar 31, 2025 21.45%
Mar 31, 2025 21.45%
Dec 31, 2024 26.02%
Dec 31, 2024 26.02%
Sep 30, 2024 16.12%
Sep 30, 2024 16.12%
Jun 30, 2024 15.57%
Jun 30, 2024 15.57%
Mar 31, 2024 19.83%
Mar 31, 2024 19.83%
Dec 31, 2023 15.76%
Dec 31, 2023 15.76%