← WILLIS TOWERS WATSON PLC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $7.9b
$8.2b +3.99%
$8.4b +2.57%
$8.9b +6.28%
$9.3b +3.86%
$8.8b -4.95%
$8.9b +0.45%
$9.3b +4.94%
$9.7b +4.68%
$9.5b -2.29%
$10.1b +6.16%
Labor and Related Expense $4.6b $4.7b $5.1b $5.2b $5.5b $5.3b $5.1b $5.3b $5.5b $5.6b —
Amortization of Intangible Assets $591.0m $581.0m $534.0m $489.0m $462.0m $369.0m $312.0m $263.0m $226.0m $192.0m —
Restructuring Costs $193.0m $132.0m $0 $0 $24.0m $26.0m $99.0m $68.0m $61.0m $0 —
Operating Expenses $7.3b $7.5b $7.7b — — — — — — — $7.7b
Other operating expenses $1.6b $1.5b $1.6b $1.7b $1.8b $1.7b $1.8b $1.8b $1.8b $1.4b —
Operating Income (Loss) $551.0m
$738.0m +33.94%
$809.0m +9.62%
$1.3b +64.28%
$1.2b -10.99%
$2.2b +86.14%
$1.2b -46.50%
$1.4b +15.87%
$627.0m -54.07%
$2.2b +256.30%
$2.4b +6.04%
Other Operating Income (Expense), Net ($6.0m) ($19.0m) $809.0m $1.3b $1.2b $2.2b $1.2b $1.4b $627.0m $2.2b $2.4b
Interest Expense $184.0m $188.0m $208.0m $234.0m $244.0m $211.0m ($208.0m) $235.0m $263.0m $260.0m $286.0m
Interest Income, Other — — — — — $12.0m — — — — —
Investment Income, Interest — — $3.0m $21.0m — — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax $28.0m ($77.0m) ($26.0m) ($26.0m) $6.0m $10.0m — ($20.0m) $31.0m ($13.0m) —
Foreign Currency Transaction Gain (Loss), Realized ($29.0m) ($72.0m) ($24.0m) ($26.0m) $6.0m $8.0m — ($11.0m) $9.0m ($17.0m) —
Other Nonoperating Income (Expense) ($27.0m) ($61.0m) $250.0m $227.0m $399.0m $701.0m — $149.0m ($260.0m) ($21.0m) —
Income (Loss) from Equity Method Investments $2.0m $3.0m — — $6.0m $8.0m — $3.0m $2.0m ($22.0m) —
Interest and Other Income — — — $98.0m $66.0m $172.0m — $179.0m $191.0m $192.0m —
Other Income — — — — — $26.0m — $8.0m $3.0m $8.0m —
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES $340.0m $489.0m $1.3b $102.0m $2.0b $2.4b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — $851.0m $1.3b $1.3b $2.7b — $1.3b $104.0m $2.0b $2.0b
Provision for income taxes ($96.0m) ($100.0m) ($136.0m) ($249.0m) ($318.0m) ($536.0m) ($194.0m) ($215.0m) ($192.0m) ($318.0m) —
Current Income Tax Expense (Benefit) $148.0m $185.0m $251.0m $321.0m $219.0m $440.0m — $324.0m $405.0m $263.0m $401.0m
Net Income (Loss) Attributable to Parent $420.0m
$568.0m +35.24%
$695.0m +22.36%
$1.0b +50.22%
$996.0m -4.60%
$4.2b +323.90%
$1.0b -76.10%
$1.1b +4.56%
($98.0m) -109.29%
$1.6b +1737.76%
$1.6b -2.49%
Net Income (Loss) Attributable to Noncontrolling Interest $18.0m $24.0m $20.0m $29.0m $24.0m $14.0m — $9.0m $10.0m $8.0m $1.6b
Income (Loss) from Continuing Operations, Per Basic Share — — — — — $17 — $10 ($1) — —
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — $17 — $10 ($1) — —
Earnings Per Share, Basic $3.07 $4.21 $5.29 $8.05 $7.68 $32.88 $9.00 $10.01 ($0.96) $16.34 $16.21
Earnings Per Share, Diluted $3.04 $4.18 $5.27 $8.02 $7.65 $32.78 $8.98 $9.95 ($0.96) $16.26 $16.15
Common Stock, Dividends, Per Share, Declared $1.92 $2.12 $2.40 $2.60 $2.75 $3.02 $9.00 $3.36 $3.52 $3.68 —
Weighted Average Number of Shares Outstanding, Basic 137.0m 135.0m 131.0m 130.0m 130.0m 128.0m — 105.0m 102.0m 98.0m 95.5m
Weighted Average Number of Shares Outstanding, Diluted 138.0m 136.0m 132.0m 130.0m 130.0m 129.0m — 106.0m 102.0m 99.0m 96.5m
Additional Financial Items
Costs and Expenses $7.3b $7.5b $7.7b $7.7b $8.2b $6.8b $7.7b $8.1b $9.3b $7.5b —
Goodwill, Impairment Loss — — — — — — $81.0m $0 $1.0b $0 $0
Other Cost and Expense, Operating $1.6b $1.5b $1.6b $1.7b $1.8b $1.7b $1.8b $1.8b $1.8b $1.4b —
Salaries and benefits $4.6b $4.7b $5.1b $5.2b $5.5b $5.3b $5.1b $5.3b $5.5b $5.6b —
Depreciation $178.0m $203.0m $208.0m $240.0m $308.0m $281.0m $255.0m $242.0m $230.0m $226.0m $226.0m
Transaction and transformation — — — $13.0m $110.0m ($806.0m) $181.0m $386.0m $409.0m $23.0m —
Other (loss)/income, net $27.0m $61.0m $250.0m $227.0m $399.0m $701.0m $288.0m $149.0m ($260.0m) ($21.0m) —
INCOME/(LOSS) FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES $1.1b ($90.0m) $1.6b $2.4b
Interest in earnings of associates, net of tax $2.0m $3.0m — — $6.0m $8.0m — $3.0m $2.0m ($22.0m) —
Income attributable to non-controlling interests ($18.0m) ($24.0m) ($20.0m) ($29.0m) ($24.0m) ($14.0m) ($15.0m) ($9.0m) ($10.0m) ($8.0m) —
Foreign currency translation ($353.0m) $295.0m ($251.0m) $78.0m $139.0m ($87.0m) ($499.0m) $173.0m ($204.0m) $412.0m —
Defined pension and post-retirement benefits ($439.0m) $14.0m ($199.0m) ($329.0m) ($266.0m) $260.0m $65.0m ($408.0m) ($94.0m) ($91.0m) —
Derivative instruments ($75.0m) $75.0m $2.0m $21.0m ($4.0m) $2.0m ($2.0m) $2.0m ($4.0m) $3.0m —
Other comprehensive income/(loss), net of tax, before non-controlling interests ($867.0m) $384.0m ($448.0m) ($230.0m) ($131.0m) $175.0m ($436.0m) ($233.0m) ($302.0m) $324.0m —
Comprehensive income/(loss) before non-controlling interests ($429.0m) $976.0m $267.0m $843.0m $889.0m $4.4b $588.0m $831.0m ($390.0m) $1.9b —
Comprehensive income attributable to non-controlling interests $2.0m ($37.0m) ($20.0m) ($29.0m) ($25.0m) ($16.0m) ($14.0m) ($11.0m) ($10.0m) ($8.0m) —
Comprehensive income/(loss) attributable to WTW ($427.0m) $939.0m $247.0m $814.0m $864.0m $4.4b $574.0m $820.0m ($400.0m) $1.9b —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — $2.1b — $1.1b ($98.0m) — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $2.2b — $1.1b ($88.0m) — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — $2.1b — $0 $0 — —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — — — ($304.0m) ($303.0m) — ($109.0m) ($64.0m) $46.0m —
Total costs of providing services $7.3b $7.5b $7.7b $7.7b $8.2b $6.8b $7.7b $8.1b $9.3b $7.5b —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.