WTW Willis Towers Watson Public margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 90

Gross margin

100%

Operating margin

22%

EBITDA margin

27.3%

Net margin

15.2%

At present, Willis Towers Watson Public reports a gross margin of 100%, an operating margin of 22%, an EBITDA margin of 27.3%, and a net margin of 15.2%. The strongest positive change was in operating margin, higher by 0.4 percentage points. The strongest negative change was in EBITDA margin, lower by 7.8 percentage points.

WTW margin history

Gross, operating, EBITDA and net margin trends

Willis Towers Watson Public's margins averaged 100% gross, 15.31% operating, 20.13% EBITDA, and 9.28% net over the last 3 years. Currently, operating, EBITDA, and net margins are above their three-year averages.

WTW margin expansion

Year-over-year margin changes in percentage points

Year over year, operating margin expanded by 0.4 percentage points, while EBITDA margin contracted by 7.8 percentage points and net margin by 6.4 percentage points.

Gross margin expansion

0pp

Operating margin expansion

0.4pp

EBITDA margin expansion

-7.8pp

Net margin expansion

-6.4pp

WTW Gross margin

Willis Towers Watson Public's gross margin averaged 100% in the last 3 years. Against its three-year average, Willis Towers Watson Public's gross margin is currently 100%, in line with its three-year average. Over the last 3 years, Willis Towers Watson Public's gross margin peaked at 100% in Sep 2026 and reached a low of 100% in Dec 2023.

WTW Operating margin

Willis Towers Watson Public's operating margin averaged 15.31% over the last 3 years. The current operating margin of 22% is 6.7 percentage points above its three-year average. Over the last 3 years, Willis Towers Watson Public's operating margin peaked at 23% in Dec 2025 and reached a low of 5.1% in Sep 2024.

WTW EBITDA margin

Willis Towers Watson Public recorded an average EBITDA margin of 20.13% across the last 3 years. The current EBITDA margin of 27.3% is 7.2 percentage points above its three-year average. During this period, EBITDA margin reached a high of 35.1% in Sep 2025 and a low of -0.3% in Sep 2024.

WTW Net margin

Looking at the last 3 years, Willis Towers Watson Public had an average net margin of 9.28%. Against its three-year average, Willis Towers Watson Public's net margin is currently 15.2%, 5.9 percentage points above its three-year average. Looking back over the last 3 years, Willis Towers Watson Public's net margin reached 21.6% at its highest point in Sep 2025 and -7.4% at its lowest in Sep 2024.

WTW margin group comparison

Margins compared with peer-group, industry and sector averages

Willis Towers Watson Public's gross margin of 100% is higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.5%, Willis Towers Watson Public's gross margin is 20% higher.

WTW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Willis Towers Watson Public's gross margin?

As of Sep 30, 2026, WTW has a gross margin of 100%.

What is Willis Towers Watson Public's operating margin?

The current operating margin for WTW is 22% as of Sep 30, 2026.

What is Willis Towers Watson Public's EBITDA margin?

For the period ending Sep 30, 2026, WTW recorded an EBITDA margin of 27.3%.

What is Willis Towers Watson Public's net margin?

As of Sep 30, 2026, WTW has a net margin of 15.2%.

What are the average margins of WTW?

Over the past 3 years, WTW reported average margins of 100.0% gross, 15.3% operating, 20.1% EBITDA, and 9.3% net.

What are the highest historical margins of WTW?

Over this 5-year history, WTW peaked at 100% gross in Sep 2026, 24.5% operating in Dec 2021, 64.2% EBITDA in Dec 2021, and 46.9% net in Dec 2021.

What are the lowest historical margins of WTW?

Within the 5-year period, WTW recorded its lowest margins at 100% gross in Dec 2021, 5.1% operating in Sep 2024, -0.3% EBITDA in Sep 2024, and -7.4% net in Sep 2024.