| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.4K | 2.8% | 9.6% |
| Total Income | 2.4K | 2.8% | 9.6% |
| Expenditure | 2.1K | 7.0% | 11.0% |
| PBT | 292.00 | 22.3% | 6.7% |
| Net Profit | 229.00 | 22.9% | 30.8% |
| OPM | 14.99% | 3.97pp | 1.62pp |
| NPM | 9.43% | 3.14pp | 5.51pp |
| EPS | 2.43 | 22.1% | 27.3% |
WTW Reports Q2 2026 Results: Revenue Up 9%, Adjusted Diluted EPS Up 17%
30 Jul 2026 · 30 Jul, 3:38 pm
Summary
Willis Towers Watson (WTW) announced solid second quarter 2026 results, with revenue increasing 9% year-over-year to $2.5 billion, driven by 5% organic growth. While reported operating margin declined, adjusted operating margin improved by 100 basis points to 19.5%. Adjusted Diluted Earnings per Share saw a significant 17% increase to $3.35. Management highlighted the launch of Propel, an AI Acceleration Plan aimed at scaling AI and automation to achieve approximately 30% Adjusted Operating Margin by 2028, underscoring confidence in delivering full-year guidance and future performance.
Key Highlights
- 1
WTW reported second quarter revenue of $2.5 billion, an increase of 9% from the prior year.
- 2
Organic revenue growth for the quarter was 5%, demonstrating underlying business expansion.
- 3
Adjusted Diluted Earnings per Share (EPS) increased by 17% to $3.35 for the second quarter, compared to $2.86 in the prior year.
- 4
Operating Margin was 14.8% for the quarter, down 150 basis points from the prior year, while Adjusted Operating Margin improved by 100 basis points to 19.5%.
- 5
The company announced Propel, WTW's AI Acceleration Plan, targeting approximately 30% Adjusted Operating Margin in 2028.
- 6
Cash flows from operating activities were $474 million for the six months ended June 30, 2026, an increase from $326 million in the prior year.
- 7
The company increased its existing share repurchase authority by $1.5 billion.
Management Comments
Carl Hess
WTW delivered solid second quarter results, reflecting business momentum and disciplined execution. This performance underscores the meaningful progress we've made embedding AI and automation across our business, enabling us to deliver higher-value client solutions and a more compelling colleague experience. Propel, WTW's AI Acceleration Plan announced today, builds on that foundation and is intended to further accelerate performance and enhance efficiency, creating value for shareholders and further strengthening WTW's differentiated position in the market. We remain confident in delivering on our full-year 2026 guidance and achieving our new 2028 margin target.
Informational and educational content only. Not investment advice.