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Willis Towers Watson vs Brown & Brown: WTW and BRO compared
Willis Towers Watson is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $1.7B for Brown & Brown (Q3 FY27). Willis Towers Watson is growing faster (+8% against +7% a year earlier). Brown & Brown is more profitable, with an operating margin of 18.6% against 17.4%.
Where the money goes: WTW and BRO
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.
Brown & Brown (BRO) · Q3 FY27
Brown & Brown, Q3 FY27: revenue $1.7B (+7% year over year), operating margin 18.6%, net earnings $240M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.
| Willis Towers Watson (WTW) | Brown & Brown (BRO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY27 |
| Revenue | $2.5B | $1.7B |
| Revenue growth, Y/Y | +8% | +7% |
| Operating margin | 17.4% | 18.6% |
| Net earnings | $303M | $240M |
| Net margin | 12.3% | 13.9% |
| Operating cash flow | $739M | $532M |
| Free cash flow | $675M | $493M |
| Market value | $31.0B | $23.9B |
| P/E | 20.3× | 23.2× |
| Analysts’ mean target | $372.68 | $74.78 |
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, Willis Towers Watson or Brown & Brown?
Willis Towers Watson is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $1.7B for Brown & Brown (Q3 FY27).
Is Willis Towers Watson or Brown & Brown growing faster?
Willis Towers Watson is growing faster (+8% against +7% a year earlier).
Which is more profitable, Willis Towers Watson or Brown & Brown?
Brown & Brown is more profitable, with an operating margin of 18.6% against 17.4%.
More: Willis Towers Watson earnings · how Willis Towers Watson makes money · Brown & Brown earnings · how Brown & Brown makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.