Willis Towers Watson annual net debt
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2025
Willis Towers Watson Net Debt Growth & History (WTW)
Willis Towers Watson's net debt was $3.77B for fiscal 2025.
View full Willis Towers Watson company overviewWillis Towers Watson annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.77B | −$273.0M | −6.75% |
| 2024 | 2024-12-31 | $4.05B | −$476.0M | −10.53% |
| 2023 | 2023-12-31 | $4.52B | $301.0M | +7.13% |
| 2022 | 2022-12-31 | $4.22B | $3.22B | +320.42% |
| 2021 | 2021-12-31 | $1.00B | −$3.68B | −78.58% |
| 2020 | 2020-12-31 | $4.69B | −$1.20B | −20.31% |
| 2019 | 2019-12-31 | $5.88B | $1.16B | +24.64% |
| 2018 | 2018-12-31 | $4.72B | $1.17B | +32.85% |
| 2017 | 2017-12-31 | $3.55B | $504.0M | +16.53% |
| 2016 | 2016-12-31 | $3.05B | $305.0M | +11.12% |
| 2015 | 2015-12-31 | $2.74B | $1.07B | +64.02% |
| 2014 | 2014-12-31 | $1.67B | $132.0M | +8.57% |
| 2013 | 2013-12-31 | $1.54B | −$312.0M | −16.84% |
| 2012 | 2012-12-31 | $1.85B | −$106.0M | −5.41% |
| 2011 | 2011-12-31 | $1.96B | −$15.0M | −0.76% |
| 2010 | 2010-12-31 | $1.97B | −$179.0M | −8.31% |
| 2009 | 2009-12-31 | $2.15B | — | — |
Willis Towers Watson quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.47B | $1.50B | +37.81% |
| Q1 2026 | 2026-03-31 | $5.05B | $630.0M | +14.25% |
| Q4 2025 | 2025-12-31 | $3.77B | −$273.0M | −6.75% |
| Q3 2025 | 2025-09-30 | $4.02B | −$601.0M | −13.02% |
| Q2 2025 | 2025-06-30 | $3.97B | −$774.0M | −16.31% |
| Q1 2025 | 2025-03-31 | $4.42B | −$336.0M | −7.06% |
| Q4 2024 | 2024-12-31 | $4.05B | −$476.0M | −10.53% |
| Q3 2024 | 2024-09-30 | $4.62B | −$46.0M | −0.99% |
| Q2 2024 | 2024-06-30 | $4.75B | $157.0M | +3.42% |
| Q1 2024 | 2024-03-31 | $4.76B | $422.0M | +9.73% |
| Q4 2023 | 2023-12-31 | $4.52B | $301.0M | +7.13% |
| Q3 2023 | 2023-09-30 | $4.66B | $692.0M | +17.43% |
| Q2 2023 | 2023-06-30 | $4.59B | $993.0M | +27.61% |
| Q1 2023 | 2023-03-31 | $4.33B | $1.10B | +34.09% |
| Q4 2022 | 2022-12-31 | $4.22B | $3.22B | +320.42% |
| Q3 2022 | 2022-09-30 | $3.97B | $529.0M | +15.37% |
| Q2 2022 | 2022-06-30 | $3.60B | −$299.0M | −7.68% |
| Q1 2022 | 2022-03-31 | $3.23B | −$914.0M | −22.04% |
| Q4 2021 | 2021-12-31 | $1.00B | −$3.68B | −78.58% |
| Q3 2021 | 2021-09-30 | $3.44B | −$1.58B | −31.50% |
| Q2 2021 | 2021-06-30 | $3.90B | −$1.66B | −29.90% |
| Q1 2021 | 2021-03-31 | $4.15B | −$1.89B | −31.35% |
| Q4 2020 | 2020-12-31 | $4.69B | −$1.20B | −20.31% |
| Q3 2020 | 2020-09-30 | $5.03B | −$1.11B | −18.05% |
| Q2 2020 | 2020-06-30 | $5.56B | $775.0M | +16.21% |
| Q1 2020 | 2020-03-31 | $6.04B | $1.22B | +25.36% |
| Q4 2019 | 2019-12-31 | $5.88B | $1.16B | +24.64% |
| Q3 2019 | 2019-09-30 | $6.13B | $2.38B | +63.39% |
| Q2 2019 | 2019-06-30 | $4.78B | $1.02B | +27.05% |
| Q1 2019 | 2019-03-31 | $4.82B | $1.18B | +32.46% |
| Q4 2018 | 2018-12-31 | $4.72B | $1.17B | +32.85% |
| Q3 2018 | 2018-09-30 | $3.75B | $87.0M | +2.37% |
| Q2 2018 | 2018-06-30 | $3.76B | $433.0M | +13.00% |
| Q1 2018 | 2018-03-31 | $3.64B | $444.0M | +13.90% |
| Q4 2017 | 2017-12-31 | $3.55B | $504.0M | +16.53% |
| Q3 2017 | 2017-09-30 | $3.67B | $647.0M | +21.43% |
| Q2 2017 | 2017-06-30 | $3.33B | $470.0M | +16.43% |
| Q1 2017 | 2017-03-31 | $3.19B | $237.0M | +8.01% |
| Q4 2016 | 2016-12-31 | $3.05B | $305.0M | +11.12% |
| Q3 2016 | 2016-09-30 | $3.02B | $914.0M | +43.42% |
| Q2 2016 | 2016-06-30 | $2.86B | $823.0M | +40.40% |
| Q1 2016 | 2016-03-31 | $2.96B | $1.16B | +64.10% |
| Q4 2015 | 2015-12-31 | $2.74B | $1.07B | +64.02% |
| Q3 2015 | 2015-09-30 | $2.10B | $448.0M | +27.04% |
| Q2 2015 | 2015-06-30 | $2.04B | $428.0M | +26.60% |
| Q1 2015 | 2015-03-31 | $1.80B | $214.0M | +13.48% |
| Q4 2014 | 2014-12-31 | $1.67B | $132.0M | +8.57% |
| Q3 2014 | 2014-09-30 | $1.66B | −$76.0M | −4.39% |
| Q2 2014 | 2014-06-30 | $1.61B | −$256.0M | −13.73% |
| Q1 2014 | 2014-03-31 | $1.59B | −$308.0M | −16.24% |
| Q4 2013 | 2013-12-31 | $1.54B | −$312.0M | −16.84% |
| Q3 2013 | 2013-09-30 | $1.73B | −$248.0M | −12.52% |
| Q2 2013 | 2013-06-30 | $1.86B | −$166.0M | −8.17% |
| Q1 2013 | 2013-03-31 | $1.90B | −$117.0M | −5.81% |
| Q4 2012 | 2012-12-31 | $1.85B | −$106.0M | −5.41% |
| Q3 2012 | 2012-09-30 | $1.98B | −$82.0M | −3.97% |
| Q2 2012 | 2012-06-30 | $2.03B | −$98.0M | −4.60% |
| Q1 2012 | 2012-03-31 | $2.01B | −$132.0M | −6.15% |
| Q4 2011 | 2011-12-31 | $1.96B | −$15.0M | −0.76% |
| Q3 2011 | 2011-09-30 | $2.06B | −$90.0M | −4.18% |
| Q2 2011 | 2011-06-30 | $2.13B | −$51.0M | −2.34% |
| Q1 2011 | 2011-03-31 | $2.15B | — | — |
| Q4 2010 | 2010-12-31 | $1.97B | −$179.0M | −8.31% |
| Q3 2010 | 2010-09-30 | $2.15B | — | — |
| Q2 2010 | 2010-06-30 | $2.18B | — | — |
| Q4 2009 | 2009-12-31 | $2.15B | — | — |
Willis Towers Watson net debt trends
Over the last five fiscal years, Willis Towers Watson's net debt decreased from $4.69B to $3.77B, a change of −$915.0M. The latest reported quarter, Q2 2026, shows $5.47B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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