Willis Towers Watson Public Lim
WTW
Jodie read · what matters now
Revenue increased 8.4% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to WTW, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-30 against the comparable filing from 2025-04-24.
What improved
- Revenue increased 8.4% versus the comparable filing period.
- Net income increased 26.4% versus the comparable filing period.
What weakened
- Operating margin fell 0.9 percentage points.
- Operating cash flow covered only -0.03x net income.
Filing receipts
“The cash flows used in investing activities in the current year were primarily driven by the acquisition of Newfront, as well as capital expenditures, including software additions, partially offset by the sales of available-for-sale securities.”
“Reconciliations of cash flows used in operating activities to free cash flow for the three months ended March 31, 2026 and 2025 are as follows: Three Months Ended March 31, 2026 2025 (in millions) Cash flows used in operating activities $ (10 ) $ (35 ) Less: Additions to fixed assets and software (55 ) (51 ) Free cash flow $ (65 ) $ (86 ) The increase was primarily due to operating margin expansion and the abatement of remaining Transformation program cash outflows (this program was completed in December 2024), offset by increased transaction and integration expenses in the current year as compared to the prior year.”
“The increase was primarily due to operating margin expansion and the abatement of remaining Transformation program cash outflows (this program was completed in December 2024), offset by increased transaction and integration expenses in the current year as compared to the prior year.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind WTW
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 3 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
WTW is currently a Participant in the organic co-movement group Insurance Brokers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.