Willis Towers Watson annual operating expenses
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Willis Towers Watson Operating Expenses Growth & History (WTW)
Willis Towers Watson's operating expenses was $1.83B for fiscal 2025.
View full Willis Towers Watson company overviewWillis Towers Watson annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.83B | −$463.0M | −20.23% |
| 2024 | 2024-12-31 | $2.29B | −$31.0M | −1.34% |
| 2023 | 2023-12-31 | $2.32B | $58.0M | +2.56% |
| 2022 | 2022-12-31 | $2.26B | — | — |
| 2018 | 2018-12-31 | $7.70B | $18.0M | +0.23% |
| 2017 | 2017-12-31 | $7.69B | $147.0M | +1.95% |
| 2016 | 2016-12-31 | $7.54B | $4.14B | +121.60% |
| 2015 | 2015-12-31 | $3.40B | $247.0M | +7.83% |
| 2014 | 2014-12-31 | $3.15B | $163.0M | +5.45% |
| 2013 | 2013-12-31 | $2.99B | −$713.0M | −19.24% |
| 2012 | 2012-12-31 | $3.71B | $824.0M | +28.60% |
| 2011 | 2011-12-31 | $2.88B | $302.0M | +11.71% |
| 2010 | 2010-12-31 | $2.58B | $16.0M | +0.62% |
| 2009 | 2009-12-31 | $2.56B | $239.0M | +10.28% |
| 2008 | 2008-12-31 | $2.32B | — | — |
Willis Towers Watson quarterly operating expenses
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Q2.25
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $490.0M | $48.0M | +10.86% |
| Q1 2026 | 2026-03-31 | $489.0M | — | — |
| Q4 2025 | 2025-12-31 | $462.0M | — | — |
| Q3 2025 | 2025-09-30 | $455.0M | — | — |
| Q2 2025 | 2025-06-30 | $442.0M | — | — |
| Q4 2021 | 2021-12-31 | $2.02B | −$74.0M | −3.54% |
| Q4 2020 | 2020-12-31 | $2.09B | $87.0M | +4.34% |
| Q3 2020 | 2020-09-30 | $1.83B | — | — |
| Q4 2019 | 2019-12-31 | $2.00B | $101.0M | +5.31% |
| Q2 2019 | 2019-06-30 | $1.87B | −$55.0M | −2.85% |
| Q1 2019 | 2019-03-31 | $1.95B | −$80.0M | −3.94% |
| Q4 2018 | 2018-12-31 | $1.90B | −$96.0M | −4.80% |
| Q3 2018 | 2018-09-30 | $1.84B | −$36.0M | −1.92% |
| Q2 2018 | 2018-06-30 | $1.93B | $35.0M | +1.85% |
| Q1 2018 | 2018-03-31 | $2.03B | $115.0M | +6.00% |
| Q4 2017 | 2017-12-31 | $2.00B | $159.0M | +8.65% |
| Q3 2017 | 2017-09-30 | $1.88B | $102.0M | +5.74% |
| Q2 2017 | 2017-06-30 | $1.89B | $79.0M | +4.36% |
| Q1 2017 | 2017-03-31 | $1.92B | $10.0M | +0.52% |
| Q4 2016 | 2016-12-31 | $1.84B | $867.0M | +89.20% |
| Q3 2016 | 2016-09-30 | $1.78B | $957.0M | +116.85% |
| Q2 2016 | 2016-06-30 | $1.81B | $996.0M | +121.91% |
| Q1 2016 | 2016-03-31 | $1.91B | $1.11B | +140.30% |
| Q4 2015 | 2015-12-31 | $972.0M | $153.0M | +18.68% |
| Q3 2015 | 2015-09-30 | $819.0M | $41.0M | +5.27% |
| Q2 2015 | 2015-06-30 | $817.0M | $30.0M | +3.81% |
| Q1 2015 | 2015-03-31 | $794.0M | $23.0M | +2.98% |
| Q4 2014 | 2014-12-31 | $819.0M | $45.0M | +5.81% |
| Q3 2014 | 2014-09-30 | $778.0M | $53.0M | +7.31% |
| Q2 2014 | 2014-06-30 | $787.0M | $64.0M | +8.85% |
| Q1 2014 | 2014-03-31 | $771.0M | $1.0M | +0.13% |
| Q4 2013 | 2013-12-31 | $774.0M | −$872.0M | −52.98% |
| Q3 2013 | 2013-09-30 | $725.0M | $41.0M | +5.99% |
| Q2 2013 | 2013-06-30 | $723.0M | $60.0M | +9.05% |
| Q1 2013 | 2013-03-31 | $770.0M | $74.0M | +10.63% |
| Q4 2012 | 2012-12-31 | $1.65B | $908.0M | +123.04% |
| Q3 2012 | 2012-09-30 | $684.0M | $14.0M | +2.09% |
| Q2 2012 | 2012-06-30 | $663.0M | −$42.0M | −5.96% |
| Q1 2012 | 2012-03-31 | $696.0M | −$72.0M | −9.38% |
| Q4 2011 | 2011-12-31 | $738.0M | $82.0M | +12.50% |
| Q3 2011 | 2011-09-30 | $670.0M | $45.0M | +7.20% |
| Q2 2011 | 2011-06-30 | $705.0M | $75.0M | +11.90% |
| Q1 2011 | 2011-03-31 | $768.0M | $97.0M | +14.46% |
| Q4 2010 | 2010-12-31 | $656.0M | — | — |
| Q3 2010 | 2010-09-30 | $625.0M | −$18.0M | −2.80% |
| Q2 2010 | 2010-06-30 | $630.0M | $11.0M | +1.78% |
| Q1 2010 | 2010-03-31 | $671.0M | — | — |
| Q3 2009 | 2009-09-30 | $643.0M | — | — |
| Q2 2009 | 2009-06-30 | $619.0M | — | — |
Willis Towers Watson operating expenses trends
Between the periods ended 2008-12-31 and 2025-12-31, Willis Towers Watson's operating expenses decreased from $2.32B to $1.83B, a change of −$498.0M. The latest reported quarter, Q2 2026, shows $490.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Willis Towers Watson source filings ↗