Filing Flows › Willis Towers Watson (WTW) › Operating margin
Willis Towers Watson (WTW) operating margin by quarter
Willis Towers Watson's operating margin was 17.4% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026. Over the last 7 quarters it ranged from 14.8% (Q2 2026) to 34.6% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 17.4% | +2.7 pts | -0.8 pts |
| Q2 2026 | 14.8% | -3.8 pts | -1.5 pts |
| Q1 2026 | 18.6% | -16.0 pts | -0.9 pts |
| Q4 2025 | 34.6% | +16.3 pts | — |
| Q3 2025 | 18.3% | +2.0 pts | — |
| Q2 2025 | 16.3% | -3.2 pts | — |
| Q1 2025 | 19.4% | — | — |
Q3 2026 at a glance
Willis Towers Watson, Q3 2026: revenue $2.5B (+8% year over year), operating margin 17.4%, net earnings $303M, operating cash flow $739M. The chart follows the revenue to costs, profit and cash.
Questions
What is Willis Towers Watson's operating margin?
Willis Towers Watson's operating margin was 17.4% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026.
How has Willis Towers Watson's operating margin changed?
Over the last 7 quarters it ranged from 14.8% (Q2 2026) to 34.6% (Q4 2025).