Willis Towers Watson Public Limited Company (WTW) reported financial results for the third quarter ended September 30, 2026, in a filing dated October 29, 2026. The company reported total revenue of $2.46 billion for the quarter, representing an 8% increase compared to the same period in the prior year. On an organic basis, revenue grew by 4%, while constant currency growth was also reported at 8%.
For the quarter, WTW reported diluted earnings per share (EPS) of $3.24, a 4% increase over the prior year. Adjusted diluted EPS was $3.63, an increase of 18% year-over-year. Net income for the quarter was $309 million, compared to $306 million in the prior year. Adjusted EBITDA for the third quarter was $577 million, or 23.5% of revenue, an increase of 12% compared to the prior year.
Operating margin for the quarter was 17.4%, a decrease of 90 basis points from the prior year. However, adjusted operating margin improved to 21.9%, an increase of 150 basis points from the prior year.
The company reported cash flows from operating activities of $1.2 billion for the nine months ended September 30, 2026, an increase from $1.0 billion in the prior year. Free cash flow for the nine months was $1.1 billion, an increase of $226 million compared to the prior year.
During the quarter, WTW repurchased 687,386 of its outstanding shares for $220 million.
Segment performance included the Health, Wealth & Career (HWC) segment, which had revenue of $1.35 billion, up 7% year-over-year. The Risk & Broking (R&B) segment reported revenue of $1.09 billion, up 8% year-over-year.
WTW also provided guidance for 2026, noting that it expects share repurchases to exceed $1.0 billion, subject to market conditions. The company expects an incremental foreign currency tailwind on Adjusted Diluted EPS of approximately $0.02 for the fourth quarter of 2026, resulting in a full-year tailwind of approximately $0.35.
