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Arthur J. Gallagher vs Willis Towers Watson: AJG and WTW compared
Arthur J. Gallagher is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.5B for Willis Towers Watson (Q3 2026). Arthur J. Gallagher is growing faster (+18% against +8% a year earlier). Willis Towers Watson is more profitable, with an operating margin of 17.4% against 13.0%.
Where the money goes: AJG and WTW
Arthur J. Gallagher (AJG) · Q3 2026
Arthur J. Gallagher, Q3 2026: revenue $4.0B (+18% year over year), operating margin 13.0%, net earnings $406M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Willis Towers Watson (WTW) · Q3 2026
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.
| Arthur J. Gallagher (AJG) | Willis Towers Watson (WTW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.0B | $2.5B |
| Revenue growth, Y/Y | +18% | +8% |
| Operating margin | 13.0% | 17.4% |
| Net earnings | $406M | $303M |
| Net margin | 10.2% | 12.3% |
| Operating cash flow | $1.3B | $739M |
| Free cash flow | $1.3B | $675M |
| Market value | $73.9B | $31.0B |
| P/E | 43.3× | 20.3× |
| Analysts’ mean target | $300.11 | $372.68 |
Where the revenue comes from
Willis Towers Watson
- Health Wealth and Career: $1.4B (56%)
- Risk and Broking: $1.1B (44%)
Questions
Which is bigger, Arthur J. Gallagher or Willis Towers Watson?
Arthur J. Gallagher is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.5B for Willis Towers Watson (Q3 2026).
Is Arthur J. Gallagher or Willis Towers Watson growing faster?
Arthur J. Gallagher is growing faster (+18% against +8% a year earlier).
Which is more profitable, Arthur J. Gallagher or Willis Towers Watson?
Willis Towers Watson is more profitable, with an operating margin of 17.4% against 13.0%.
More: Arthur J. Gallagher earnings · how Arthur J. Gallagher makes money · Willis Towers Watson earnings · how Willis Towers Watson makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.