Willis Towers Watson said revenue for the 3 months ended June 30, 2025 was $2.3 billion, a decrease of $4 million on an as-reported basis, and organic revenue growth was 5%.

1. 01

   Willis Towers Watson said revenue for the 3 months ended June 30, 2025 was $2.3 billion, a decrease of $4 million on an as-reported basis, and organic revenue growth was 5%.

2. 02

   The company said revenue for the 6 months was $4.5 billion, compared to $4.6 billion for the prior-year period, a decrease of $122 million or 3% on an as-reported basis. It cited the sale of its TRANZACT business on December 31, 2024 as the primary driver of the as-reported revenue decrease.

3. 03

   Willis Towers Watson said adjusted operating income for the 3 months was $419 million, compared to $385 million for the prior-year period. It attributed the increase to lower marketing expenses and decreased local office expenses, partially offset by lower revenue due to the sale of the TRANZACT business.

4. 04

   The company said the decrease in free cash flow for the 6 months was driven by increases in compensation and cash tax payments and the absence of cash inflows from the sale of the TRANZACT business, partially offset by lower Transformation program spending and operating improvements.

Key figures

Quarter ended June 30, 2025

Revenue

$2.2B

Operating income

$368M

Net income

$331M

EPS

$3.32

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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