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| Date | Value |
|---|---|
| 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% |