Willis Towers Watson Q4 FY25: where the revenue came from and where it went
The whole income statement of Willis Towers Watson for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 25, 2026
Revenue$2.94B
−3% year over year
Operating profit$0.95B
32% margin
Net profit$0.74B
25% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.94 | 100% | −3% |
| Health wealth & career | 1.67 | 57% | −11% |
| Risk & broking | 1.26 | 43% | +10% |
| Corporate | 0.01 | 0% | −47% |
| Operating expenses | −1.99 | 68% | |
| Compensation | −1.44 | 49% | +4pp |
| Interest | −0.07 | 2% | +0pp |
| Underwriting | −0.36 | 12% | −5pp |
| Other | −0.13 | 5% | +0pp |
| Operating profit | 0.95 | 32% margin | −23pp |
| Interest & other costs | −0.02 | ||
| Tax | −0.20 | ||
| Net profit | 0.74 | 25% margin | −16pp |
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