WTW reports flat revenue

Willis Towers Watson reported $2.3 billion in revenue for Q2 2025, unchanged from the prior year due to the impact of the TRANZACT sale. Excluding that, organic revenue grew 5%, driven by solid performance in Health, Wealth & Career and modest growth in Risk & Broking.

Adjusted EPS rose 20% to $2.86, reflecting improved operational efficiency. The company reported a 120-basis-point increase in adjusted operating margin, reaching 16.3%.

WTW continues to focus on cost control and shareholder returns, repurchasing $256 million of stock during the quarter.

“Our strong second quarter results demonstrate the meaningful progress we’ve made towards advancing our strategy, helping deliver solid topline results, along with margin and earnings growth. I’m pleased with how our businesses continued to prove their value and resilience this quarter, providing our clients with critical solutions to help manage people, risk and capital amidst economic uncertainty. Building on our strong first-half performance and continued momentum, we enter the second half of 2025 on track to deliver on our financial framework, including mid-single digit organic revenue growth, operating margin expansion, adjusted earnings per share growth, and free-cash-flow margin expansion. I’d like to thank our colleagues for their consistent execution and dedication to delivering for our clients.” – Carl Hess, WTW’s Chief Executive Officer.