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Willis Towers Watson Public Limited Company (WTW) Stock: Price, Forecast & Analyst Target

Willis Towers Watson Public Limited Company (WTW) — MoonshotScore 90/100 (Exceptional band), calculated Oct 26, 2026. Price $324.67 (-0.10%), as of the Oct 26, 2026 trading session; market cap $30.2B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 18.56× (market value Oct 26, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026

$324.67 −$0.34 (-0.10%) Market Cap $30.2B

Willis Towers Watson Public Limited Company · WTW · NASDAQ · Financial Services · Insurance - Brokers

Research dated 2026-09-12: Willis Towers Watson sells corporate risk placement, employee-benefit administration, actuarial advice, human-capital consulting and specialist software; it is a fee-based adviser and broker, not merely an insurance name. The investment case depends on whether revenue momentum and the Propel program can lift margins and cash generation enough to outweigh substantial leverage.

Price as of Oct 26, 2026

Key Statistics

90 of 100

MoonshotScore v2 · Willis Towers Watson Public Limited Company (WTW)

Exceptional
Business Quality Elite (94)
Financial Safety Okay (59)
Valuation Rich (36)
Growth Durability Compounding (95)
Momentum Surging (85)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality and elite growth, though the balance sheet is only decent; the market is already moving on it. Business Quality: Elite; Financial Safety: Okay; Valuation: Rich; Growth Durability: Compounding; Momentum: Surging.

  • quarterly revenue $2.47B (Q2 FY2026, quarter ended Jun 30, 2026)
  • EPS beat 6 of 8
  • expected results Oct 29, 2026

Helping: business quality, durable growth, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for WTW (42 recorded, newest six shown)
RecordedScoreBand
86Exceptional
88Exceptional
87Exceptional
90Exceptional
92Exceptional
90Exceptional

The score moved from 91 in the stored Oct 24, 2026 snapshot to 90 in the current publication computed Oct 26, 2026 (-1); the largest pillar moves were Momentum -1.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$324.67
Change on the day-0.10%
52-week range$240.61–$351.51
Market capitalisation$30.2B
Price / earnings (trailing)19.93
Shares traded on the day517.8K
Beta (volatility vs the S&P 500)0.42
Dividends per share (last 12 months)$3.80
Dividend yield (last 12 months)1.17%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 26, 2025 to Oct 26, 2026: low $248, high $347, latest $325. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $347 $248 high $347 Oct 30, 2025 · Earnings results · reported above the recorded estimate · close $3131Feb 3, 2026 · Earnings results · reported above the recorded estimate · close $3302Apr 30, 2026 · Earnings results · reported above the recorded estimate · close $2563Jul 30, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $3364Jul 30, 2026 · Earnings results · reported above the recorded estimate · close $3365 Sep 26, 2025 Oct 26, 2026 · $325 $342Sep 26, 2025$337Oct 10, 2025$328Oct 24, 2025$326Nov 7, 2025$315Nov 21, 2025$321Dec 5, 2025$333Dec 19, 2025$326Jan 2, 2026$329Jan 16, 2026$317Jan 30, 2026$288Feb 13, 2026$305Feb 27, 2026$290Mar 13, 2026$282Mar 27, 2026$280Apr 10, 2026$288Apr 24, 2026$256May 8, 2026$257May 22, 2026$264Jun 5, 2026$255Jun 18, 2026$286Jul 2, 2026$293Jul 17, 2026$336Jul 31, 2026$332Aug 14, 2026$344Aug 28, 2026$316Sep 11, 2026$294Sep 25, 2026$296Oct 9, 2026$325Oct 23, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • We expect the benefits of Propel to begin contributing meaningfully in 2027 and to compound through 2028, resulting in an adjusted operating margin of approximately 30% in 2028.

    Andrew Krasner · Statement from

  • We expect to deliver adjusted operating margin of approximately 30% in 2028 with meaningful benefits in both segments. And we expect a meaningful step-up in our free cash flow margin commensurate with our operating margin expansion after the conclusion of the plan.

    Carl A. Hess · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Willis Towers Watson Public Limited Company (WTW): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Weak
Business Quality Strong
Financial Safety Moderate
Valuation Neutral

Legends Council

5 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Unfavorable read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Favorable read

Read on: Oct 2, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Moderate
Revenue Growth Negative
Debt/Equity Weak
ROE Moderate
Gross Margin Moderate

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 26, 2026, except a card that shows its own read date.

Watch the WTW film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Willis Towers Watson Public Limited Company (WTW), and what does it report?

Short answer · as of

Risk and Broking earns from insurance placement, risk advice and specialist services spanning property, casualty, aerospace, construction and marine markets.

Research dated 2026-09-12.

Risk and Broking earns from insurance placement, risk advice and specialist services spanning property, casualty, aerospace, construction and marine markets. Health, Wealth and Career supplies retirement and benefits consulting, outsourced administration, compensation analytics, software and health-account services to employers, employees and retirees.

Reported revenue therefore measures a broad collection of brokerage, consulting, administration and technology activities rather than underwriting premiums alone. Health, Wealth and Career contributes more revenue than Risk and Broking, making workforce benefits and human-capital work at least as important to the reporting shape as commercial insurance placement.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment; Employees

2 · Latest results

What do the latest results show for Willis Towers Watson Public Limited Company (WTW)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $2.47B.

Research dated 2026-09-12.

The latest period combined higher revenue than the comparable period with lower operating profit, net income and diluted earnings. Revenue and reported earnings nevertheless exceeded market estimates, extending a largely favorable run against expectations while leaving statutory profit conversion weaker than the sales result.

Management expects margin expansion to continue and says Propel should make a meaningful contribution later in the program, with free-cash-flow improvement accompanying the eventual operating-margin gains. That is an outlook, not yet the explanation for the latest profit decline; the current evidence shows revenue progress alongside softer accounting earnings.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$2.47B Jun 30, 2026
Latest quarter · SG&A
$1.93B Jun 30, 2026
Latest quarter · FMP standardized operating result
$364.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$2.47BNot available$1.93B$364.00M
Mar 31, 2026$2.41BNot available$0.00$448.00M
Dec 31, 2025$2.94BNot available$0.00$1.02B
Sep 30, 2025$2.29BNot available$0.00$418.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$2.47B Jul 30, 2026
Latest report · revenue estimate
$2.42B Jul 30, 2026
Latest report · revenue vs estimate
Above estimate Jul 30, 2026
Latest report · EPS vs estimate
Above estimate Jul 30, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Jul 30, 2026$2.47B$2.42B$3.3500$3.1100
Apr 30, 2026$2.41B$2.41B$3.7200$3.6600
Feb 3, 2026$2.94B$2.85B$8.1200$7.9600
Oct 30, 2025$2.29B$2.27B$3.0700$3.0500

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$2.47B$229M$2.43 (diluted)
Q1 FY2026$2.41B$297M$3.10 (diluted)
Q4 FY2025$2.94B$735M$7.62 (diluted)
Q3 FY2025$2.29B$304M$3.11 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Willis Towers Watson Public Limited Company (WTW)?

Short answer

Cash and short-term investments were $1.63B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $484.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Operating cash flow rebounded after a slightly negative opening period, while capital spending remained modest relative to cash generated. Management describes cash generation as weighted toward the later part of the annual cycle, and the historical sequence supports pronounced seasonality rather than smooth quarterly conversion.

Cash and short-term investments provide liquidity, but they remain well below total debt and have fallen from the recent peak. Positive margins, return on equity and free-cash-flow yield show an established profitable franchise, yet leverage leaves less room if brokerage activity, benefits projects or corporate advisory demand weaken.

The dividend was raised and subsequently maintained, adding a recurring cash commitment. Its durability ultimately rests on the same mechanism as deleveraging: converting fee revenue into dependable free cash flow after operating needs and capital spending.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Trailing twelve-month ratio set; Management outlook — dated call excerpts; Recent dividends paid; Next scheduled dividend

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$484.00M Jun 30, 2026
Previous quarter · operating cash flow
−$10.00M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$484.00M−$59.00M
Mar 31, 2026−$10.00M−$55.00M
Dec 31, 2025$771.00M−$63.00M
Sep 30, 2025$678.00M−$51.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Willis Towers Watson Public Limited Company (WTW)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

Watch whether the next release preserves revenue growth while restoring operating profit and net-income conversion. Another estimate beat would be encouraging, but the stronger confirmation would be simultaneous improvement in sales, margins and statutory earnings.

Cash flow deserves separate attention because management expects annual generation to arrive disproportionately later in the cycle. The relevant checks are a stronger cash inflow, stabilization of the cash balance and evidence that debt is becoming easier to carry.

Propel should be judged through disclosed margin and free-cash-flow progress rather than the program label. Market estimates assume continued revenue and earnings expansion, so stalled margins or weak cash conversion would challenge the financial path already embedded in expectations.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. We expect the benefits of Propel to begin contributing meaningfully in 2027 and to compound through 2028, resulting in an adjusted operating margin of approximately 30% in 2028.

    Andrew Krasner ·

  2. We expect to deliver adjusted operating margin of approximately 30% in 2028 with meaningful benefits in both segments. And we expect a meaningful step-up in our free cash flow margin commensurate with our operating margin expansion after the conclusion of the plan.

    Carl A. Hess ·

  3. We expect to deliver continued margin expansion in 2026.

    Andrew Krasner ·

  4. As a reminder, our free cash flow is seasonally weighted toward the second half of the year, and we expect a significant majority of full year free cash flow to be generated in the second half.

    Andrew Krasner ·

5 · Peer comparison

How does Willis Towers Watson Public Limited Company compare with its peers?

Short answer

Willis Towers Watson Public Limited Company's score ranks 3rd of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

WTW combines the reach of an insurance broker with businesses that narrower brokers may not possess at comparable breadth: pension actuarial work, employee-benefit exchanges, outsourced administration, compensation analytics, insurance technology and discretionary investment consulting. That mix ties demand to insurance placement as well as employers’ continuing need to manage benefits, retirement obligations and workforce costs.

Health, Wealth and Career is the larger revenue contributor, so comparisons based only on Risk and Broking miss much of the company’s economics. The breadth can diversify fee sources, but it also makes progress dependent on execution across distinctly different professional-service activities.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment; Employees

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
The Hartford Financial Services Group, Inc. (HIG) Named competitor$135.94 Oct 26, 2026$37.0B92 5-pillar Oct 26, 2026
Marsh & McLennan Companies, Inc. (MRSH) Same industry, near in market value$194.72 Oct 26, 2026$92.9B91 5-pillar Oct 26, 2026
Willis Towers Watson Public Limited Company (WTW) — this page$324.67$30.2B90
Erie Indemnity Company (ERIE) Same industry, near in market value$251.30 Oct 26, 2026$11.6B83 5-pillar Oct 26, 2026
TWFG, Inc. (TWFG) Same industry, near in market value$29.03 Oct 26, 2026$374M82 5-pillar Oct 26, 2026
Aon plc (AON) Same industry, near in market value$302.06 Oct 26, 2026$64.4B77 5-pillar Oct 26, 2026
Brown & Brown, Inc. (BRO) Same industry, near in market value$71.08 Oct 26, 2026$23.8B75 5-pillar Oct 26, 2026
Sun Life Financial Inc. (SLF) Named competitor$79.49 Oct 26, 2026$44.3B70 5-pillar Oct 26, 2026
Arthur J. Gallagher & Co. (AJG) Same industry, near in market value$266.79 Oct 26, 2026$68.4B67 5-pillar Oct 26, 2026
CorVel Corporation (CRVL) Same industry, near in market value$84.59 Oct 26, 2026$4.27B52 5-pillar Oct 26, 2026
Huize Holding Limited (HUIZ) Same industry, near in market value$2.06 Oct 26, 2026—52 5-pillar Oct 26, 2026
SelectQuote, Inc. (SLQT) Same industry, near in market value$0.33 Oct 26, 2026$58.6M47 5-pillar Oct 26, 2026
KB Financial Group Inc. (KB) Named competitor$113.12 Oct 26, 2026$40.0B36 5-pillar Oct 26, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Financial Services stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$300.00 – $405.00
Consensus target
$347.85
Median target
$349.00

Consensus record · Captured .

Measured against a quoted price of $324.67 (as of Oct 26, 2026).

Insider activity

Form 4 records via FMP · Of the newest 15 records, those within the last 180 days, newest dated Oct 20, 2026

Transactions
15
Identified insiders
6
Purchases
0
Sales
0
Other transactions
15

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
97.6% Period end Jun 30, 2026
Previous quarter · ownership
95.1% Prior to period end Jun 30, 2026
Reporting holders
708 Period end Jun 30, 2026
Previous quarter · holders
737 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.8,314,002
Dodge & Cox8,025,392
Vanguard Capital Management LLC6,174,220
Harris Associates L P5,908,033
Artisan Partners Limited Partnership5,541,048

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Willis Towers Watson Public Limited Company (WTW)?

Read these with our analysis →

WTW Financial Services Stock FAQ

Research dated 2026-09-12; the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

How does WTW make money from Health, Wealth and Career?

The segment earns fees from retirement and actuarial advice, health and group-benefit brokerage, outsourced benefits administration, compensation consulting, analytics and software. Demand follows employers’ need to design, fund and operate workforce programs rather than insurance placement alone.

Sources (as of 2026-09-12): Business description; Revenue by segment

What does WTW Risk and Broking sell to corporate clients?

Risk and Broking arranges insurance placement and supplies risk-management advice across complex commercial markets, alongside insurance consulting, modeling, regulatory and capital-management services. Its economic role is centered on advice, placement and specialist tools rather than the simple collection of underwriting premiums.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment

What is Propel expected to change at WTW?

Management expects Propel to contribute meaningfully later in the program, lifting adjusted operating margins across the company and supporting a corresponding improvement in free-cash-flow margins. Reported margin and cash conversion will determine whether that expectation is becoming operational evidence.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Trailing twelve-month ratio set; Operating cash flow by quarter (USD millions)

Why can WTW cash flow look weak early in its annual cycle?

Management says free cash flow is seasonally concentrated later in the year. The quarterly history reflects that pattern, with weak opening cash flow followed by materially stronger inflows, so period-to-period timing matters when judging conversion.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions)

What is the WTW stock price today?

The last price recorded on this page for Willis Towers Watson Public Limited Company (WTW) is $324.67, as of the Oct 26, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the WTW price target?

The analyst consensus price target for Willis Towers Watson Public Limited Company (WTW) is $347.85 (range $300.00 to $405.00, median $349.00), per FMP data captured Oct 26, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are WTW's next earnings?

The next earnings date listed on this page for Willis Towers Watson Public Limited Company (WTW) is Oct 29, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Sector / industry (provider taxonomy); Business description; Revenue by segment; Cash, investments and debt; Management outlook — dated call excerpts

Sources — records for every figure on this page (80 figures)

The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsAndrew Krasner (Jul 30, 2026): We expect the benefits of Propel to begin contributing meaningfully in 2027 and to compound through 2028, resulting in an adjusted operating margin of approximately 30% in 2028. Carl A. Hess (Jul 30, 2026): We expect to deliver adjusted operating margin of approximately 30% in 2028 with meaningful benefits in both segments. And we expect a meaningful step-up in our free cash flow margin commensurate with our operating margin expansion after the conclusion of the plan. Andrew Krasner (Jul 30, 2026): We expect to deliver continued margin expansion in 2026. Andrew Krasner (Jul 30, 2026): As a reminder, our free cash flow is seasonally weighted toward the second half of the year, and we expect a significant majority of full year free cash flow to be generated in the second half.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressC/O Willis Group Limited, 51 Lime Street, London England, X0, EC3M 7DQOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "51 Lime Street, London, GL, EC3M 7DQ, GB".

FMP — 69 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$324.67FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-26T21:04:40.309Z.
px.changeChange on the day-0.10%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$30.2BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-26. FMP quote timestamp: 2026-10-26T20:00:00.000Z. Captured from FMP at 2026-10-26T21:04:39.217Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.34FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$2.47BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$240.61–$351.51FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)19.93FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day517.8KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.42FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveCarl Aaron HessFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees48,100FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $9.00B, net result $4.22B; FY2022 revenue $8.87B, net result $1.01B; FY2023 revenue $9.48B, net result $1.05B; FY2024 revenue $9.93B, net result −$98.00M; FY2025 revenue $9.71B, net result $1.60BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsRisk and Broking $4.35B · Health, Wealth and Career $5.33BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)53.8%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$2.47BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$1.93BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$364.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$2.41BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$448.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$2.94BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$1.02BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$2.29BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$418.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-07-30.revenue_actualRevenue · reported — report date 2026-07-30$2.47BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.revenue_estimatedRevenue · estimate — report date 2026-07-30$2.42BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.eps_actualEPS · reported — report date 2026-07-30$3.3500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-30.eps_estimatedEPS · estimate — report date 2026-07-30$3.1100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_actualRevenue · reported — report date 2026-04-30$2.41BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_estimatedRevenue · estimate — report date 2026-04-30$2.41BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_actualEPS · reported — report date 2026-04-30$3.7200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_estimatedEPS · estimate — report date 2026-04-30$3.6600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_actualRevenue · reported — report date 2026-02-03$2.94BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_estimatedRevenue · estimate — report date 2026-02-03$2.85BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_actualEPS · reported — report date 2026-02-03$8.1200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_estimatedEPS · estimate — report date 2026-02-03$7.9600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_actualRevenue · reported — report date 2025-10-30$2.29BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_estimatedRevenue · estimate — report date 2025-10-30$2.27BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_actualEPS · reported — report date 2025-10-30$3.0700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_estimatedEPS · estimate — report date 2025-10-30$3.0500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$1.63BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$484.00MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$7.10BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value3.97×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$484.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31−$10.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$59.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$55.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$771.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$63.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$678.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$51.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$300.00 – $405.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$347.85FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$349.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP15 transactions · 0 purchases, 0 sales, 15 other transactions · 6 identified insiders · of the newest 15 records, those within the last 180 days, newest dated Oct 20, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership97.6%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership95.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders708FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders737FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot8,314,002FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesDodge & Cox — shares in provider snapshot8,025,392FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Capital Management LLC — shares in provider snapshot6,174,220FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesHarris Associates L P — shares in provider snapshot5,908,033FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesArtisan Partners Limited Partnership — shares in provider snapshot5,541,048FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-09-14
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-19 · Expired observation

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments18.56×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.63B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-26. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$3.80COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-26, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months1.17%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-07-30.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.47B) with the recorded estimate ($2.42B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-07-30.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($3.3500) with the recorded estimate ($3.1100) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v290 of 100 · Exceptional · pillars 94 / 59 / 36 / 95 / 85OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement91 (stored snapshot Oct 24, 2026) → 90 (current publication computed Oct 26, 2026) (-1)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-07-30. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-07-30.revenue_actual, earn.history.depth.2026-07-30.revenue_estimated, earn.history.depth.2026-07-30.revenue_actual.comparison, earn.history.depth.2026-07-30.eps_actual.comparison, earn.history.depth.2026-07-30.eps_actual, earn.history.depth.2026-07-30.eps_estimated, earn.history.depth.2026-04-30.revenue_actual, earn.history.depth.2026-04-30.revenue_estimated, earn.history.depth.2026-04-30.eps_actual, earn.history.depth.2026-04-30.eps_estimated, earn.history.depth.2026-02-03.revenue_actual, earn.history.depth.2026-02-03.revenue_estimated, earn.history.depth.2026-02-03.eps_actual, earn.history.depth.2026-02-03.eps_estimated, earn.history.depth.2025-10-30.revenue_actual, earn.history.depth.2025-10-30.revenue_estimated, earn.history.depth.2025-10-30.eps_actual, earn.history.depth.2025-10-30.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
WILLIS TOWERS WATSON PLC

Our market-data provider lists the name as "Willis Towers Watson Public Limited Company"; the filer's own record is used here.

2026-02-25OFFICIALSEC EDGAR — 10-K filed 2026-02-25
Sector / industry (provider taxonomy)
Financial Services / Insurance - Brokers

The company's SEC filings classify it under SIC 6411 — Insurance Agents, Brokers & Service.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Business description
Willis Towers Watson Public Limited Company (WTW) functions as a global provider of comprehensive consulting, brokerage, and solutions services. Its operations are structured across two primary divisions: Health, Wealth and Career, and Risk and Broking. Within the Health, Wealth and Career segment, WTW furnishes actuarial guidance, plan development, and administrative assistance for conventional pension and retirement savings schemes. It also delivers consulting, brokerage, and management services for health and group employee benefit programs, along with outsourced benefits administration. Furthermore, the company offers strategic counsel, analytical data, specialized software, and various products designed to help clients effectively manage their overall compensation and human capital challenges. The Risk and Broking division extends expertise in risk management, insurance placement, and advisory services, covering sectors such as property and casualty, aerospace, construction, and marine. It also supplies investment consulting and discretionary portfolio management services tailored for insurance and reinsurance firms. Additionally, this segment encompasses specialized insurance consulting and technology solutions, including risk and capital management, predictive modeling and pricing strategies, financial and regulatory compliance reporting, capital modeling, merger and acquisition support, outsourcing, and general business management services. The company engages in wholesale insurance broking, serving both retail and other wholesale brokers, and provides services related to underwriting, capital management, capital markets, and various advisory and brokerage functions. Moreover, WTW facilitates primary medical and supplementary benefit exchanges, alongside providing outsourcing services to both active employees and retirees in collective and individual markets. It also administers various healthcare and reimbursement accounts, such as Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and other consumer-directed accounts. Previously known as Willis Group Holdings Public Limited Company, the organization adopted its current name, Willis Towers Watson Public Limited Company, in January 2016. Established in 1828, WTW maintains its headquarters in London, UK.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Risk and Broking: $4.35B; Health, Wealth and Career: $5.33B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Cash, investments and debt
Total debt: $7.10B; Liquidity basis: cash and short-term investments; Total liabilities: $22.79B; Cash and short-term investments: $1.63B; Cash and investments: $1.63B; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-30 — Quote: We expect the benefits of Propel to begin contributing meaningfully in 2027 and to compound through 2028, resulting in an adjusted operating margin of approximately 30% in 2028., Speaker: Andrew Krasner
  • Call of 2026-07-30 — Quote: We expect to deliver adjusted operating margin of approximately 30% in 2028 with meaningful benefits in both segments. And we expect a meaningful step-up in our free cash flow margin commensurate with our operating margin expansion after the conclusion of the plan., Speaker: Carl A. Hess
  • Call of 2026-07-30 — Quote: We expect to deliver continued margin expansion in 2026., Speaker: Andrew Krasner
  • Call of 2026-07-30 — Quote: As a reminder, our free cash flow is seasonally weighted toward the second half of the year, and we expect a significant majority of full year free cash flow to be generated in the second half., Speaker: Andrew Krasner

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-30OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Employees
Count: 48,100
2025-12-31FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $2.43 per share, SG&A: $1.93B, EPS basic: $2.43 per share, EPS basis: diluted, Revenue: $2.47B, EPS diluted: $2.43 per share, Net result: $229.00M, Gross profit: $2.47B, Operating result: $364.00M
  • Quarter ended 2026-03-31 — EPS: $3.1 per share, SG&A: $0, EPS basic: $3.12 per share, EPS basis: diluted, Revenue: $2.41B, EPS diluted: $3.1 per share, Net result: $297.00M, Gross profit: $593.00M, Operating result: $448.00M
  • Quarter ended 2025-12-31 — EPS: $7.62 per share, SG&A: $0, EPS basic: $7.66 per share, EPS basis: diluted, Revenue: $2.94B, EPS diluted: $7.62 per share, Net result: $735.00M, Gross profit: $1.50B, Operating result: $1.02B
  • Quarter ended 2025-09-30 — EPS: $3.11 per share, SG&A: $0, EPS basic: $3.1 per share, EPS basis: diluted, Revenue: $2.29B, EPS diluted: $3.11 per share, Net result: $304.00M, Gross profit: $875.00M, Operating result: $418.00M
  • Quarter ended 2025-06-30 — EPS: $3.31 per share, SG&A: $0, EPS basic: $3.34 per share, EPS basis: diluted, Revenue: $2.26B, EPS diluted: $3.31 per share, Net result: $331.00M, Gross profit: $812.00M, Operating result: $368.00M
  • Quarter ended 2025-03-31 — EPS: $2.33 per share, SG&A: $0, EPS basic: $2.35 per share, EPS basis: diluted, Revenue: $2.22B, EPS diluted: $2.33 per share, Net result: $235.00M, Gross profit: $899.00M, Operating result: $432.00M
  • Quarter ended 2024-12-31 — EPS: $12.22 per share, SG&A: $0, EPS basic: $12.34 per share, EPS basis: diluted, Revenue: $3.04B, EPS diluted: $12.22 per share, Net result: $1.25B, Gross profit: $1.67B, Operating result: $901.00M
  • Quarter ended 2024-09-30 — EPS: -$16.42 per share, SG&A: $29.00M, EPS basic: -$16.42 per share, EPS basis: diluted, Revenue: $2.29B, EPS diluted: -$16.42 per share, Net result: -$1.68B, Gross profit: $893.00M, Operating result: -$766.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $9.71B, Period end: 2025-12-31, Net result: $1.60B
  • FY2024 — R&D: $0, Revenue: $9.93B, Period end: 2024-12-31, Net result: -$98.00M
  • FY2023 — R&D: $0, Revenue: $9.48B, Period end: 2023-12-31, Net result: $1.05B
  • FY2022 — R&D: $0, Revenue: $8.87B, Period end: 2022-12-31, Net result: $1.01B
  • FY2021 — R&D: $0, Revenue: $9.00B, Period end: 2021-12-31, Net result: $4.22B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-30 — EPS actual: $3.35 per share, EPS estimated: $3.11 per share, Revenue actual: $2.47B, Revenue estimated: $2.42B
  • Reported 2026-04-30 — EPS actual: $3.72 per share, EPS estimated: $3.66 per share, Revenue actual: $2.41B, Revenue estimated: $2.41B
  • Reported 2026-02-03 — EPS actual: $8.12 per share, EPS estimated: $7.96 per share, Revenue actual: $2.94B, Revenue estimated: $2.85B
  • Reported 2025-10-30 — EPS actual: $3.07 per share, EPS estimated: $3.05 per share, Revenue actual: $2.29B, Revenue estimated: $2.27B
  • Reported 2025-07-31 — EPS actual: $2.86 per share, EPS estimated: $2.63 per share, Revenue actual: $2.26B, Revenue estimated: $2.23B
  • Reported 2025-04-24 — EPS actual: $3.13 per share, EPS estimated: $3.21 per share, Revenue actual: $2.22B, Revenue estimated: $2.28B
  • Reported 2025-02-04 — EPS actual: $8.13 per share, EPS estimated: $8.01 per share, Revenue actual: $3.04B, Revenue estimated: $3.05B
  • Reported 2024-10-31 — EPS actual: $2.93 per share, EPS estimated: $2.72 per share, Revenue actual: $2.29B, Revenue estimated: $2.28B
2026-07-30FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-07-30OFFICIALSEC EDGAR filer submissions
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$59.00M, Operating cash flow: $484.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$55.00M, Operating cash flow: -$10.00M
  • Quarter ended 2025-12-31 — Capital expenditure: -$63.00M, Operating cash flow: $771.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$51.00M, Operating cash flow: $678.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$58.00M, Operating cash flow: $361.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$51.00M, Operating cash flow: -$35.00M
  • Quarter ended 2024-12-31 — Capital expenditure: $189.00M, Operating cash flow: $599.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$63.00M, Operating cash flow: $482.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash and investment components
Total basis: cash short and long-term investments; Total: $1.63B; Cash and short-term investments: $1.63B; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $1.63B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $1.85B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $3.13B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $1.93B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $1.99B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $1.51B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $1.89B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $1.37B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Trailing twelve-month ratio set
Quick ratio: 1.1; Current ratio: 1.1; Debt to equity: 0.92; Net margin: 15.5%; Gross margin: 53.8%; Operating margin: 22.2%; Return on assets: 5.1%; Return on equity: 20%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-06-30, Payment date: 2026-07-15, Amount per share: $0.96
  • Ex date: 2026-03-31, Payment date: 2026-04-15, Amount per share: $0.96
  • Ex date: 2025-12-31, Payment date: 2026-01-15, Amount per share: $0.92
  • Ex date: 2025-09-30, Payment date: 2025-10-15, Amount per share: $0.92

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-06-30FMPFinancial Modeling Prep (FMP) dividend history
Next scheduled dividend
Ex date: 2026-09-30; Declared on: 2026-08-27; Record date: 2026-09-30; Payment date: 2026-10-15; Amount per share: $0.96

Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement.

2026-08-27FMPFinancial Modeling Prep (FMP) dividend calendar
Next earnings report
Date: 2026-10-29; EPS estimate: $3.61 per share; Revenue estimate: $2.46B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2025 — EPS average: $16.96 per share, Revenue average: $9.62B, Revenue low: $9.57B, Revenue high: $9.69B, Analysts (revenue): 11
  • FY2026 — EPS average: $19.83 per share, Revenue average: $10.45B, Revenue low: $10.38B, Revenue high: $10.50B, Analysts (revenue): 11
  • FY2027 — EPS average: $22.88 per share, Revenue average: $11.01B, Revenue low: $10.96B, Revenue high: $11.06B, Analysts (revenue): 12
  • FY2028 — EPS average: $27.14 per share, Revenue average: $11.63B, Revenue low: $11.22B, Revenue high: $12.13B, Analysts (revenue): 9
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.