Willis Towers Watson (WTW) FY2024 results: revenue $9.9 billion, up 4.7% on the year
Willis Towers Watson plc (WTW) reported revenue of $9.9 billion for fiscal 2024, the year ended 31 December 2024, up 4.7% on the year before. Net income was -$98 million, and diluted earnings per share $-0.96. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$9.9 billion
+4.7% on the year
FY2017FY2024
Operating margin
6.3%
14.4% a year earlier
FY2017FY2024
Net income
-$98 million
FY2017FY2024
Diluted EPS
-$0.96
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,512
1,345
812
+12.4%
Capital expenditure
245
242
n/a
+1.2%
Free cash flow
1,267
1,103
n/a
+14.9%
Free cash flow margin
12.8%
11.6%
n/a
Cash from investing
250
-1,085
-173
Cash from financing
-459
-1,200
-3,445
Depreciation and amortisation
456
505
567
-9.7%
Share-based compensation
121
125
99.0
-3.2%
Buybacks
901
1,000
3,530
-9.9%
Dividends paid
354
352
369
+0.6%
Dividend per share
$3.52
$3.36
$3.28
+4.8%
Diluted shares, weighted
102m
106m
112m
-3.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
7,940
9,520
10,016
-16.6%
Non-controlling interest
77.0
73.0
77.0
+5.5%
Debt
8,611
7,435
6,756
+15.8%
Operating lease liabilities
502
592
620
-15.2%
Finance lease liabilities
2.0
7.0
12.0
-71.4%
Other liabilities
10,549
11,463
14,288
-8.0%
Total liabilities and equity
27,681
29,090
31,769
-4.8%
Fixed assets
661
720
718
-8.2%
Goodwill
8,799
10,195
10,173
-13.7%
Intangible assets
1,295
2,016
2,273
-35.8%
Investments
0.0
n/a
0.0
Cash and equivalents
1,890
1,424
1,262
+32.7%
Receivables
2,494
2,572
2,387
-3.0%
Other assets
12,542
12,163
14,956
+3.1%
Total assets
27,681
29,090
31,769
-4.8%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.