Willis Towers Watson said revenue for Q1 2026 was $2,412 million, up 8% from $2,223 million in the prior-year period, and increased 3% on an organic basis. Diluted earnings per share was $3.10 and adjusted diluted earnings per share was $3.72.

1. 01

   Willis Towers Watson said revenue for Q1 2026 was $2,412 million, up 8% from $2,223 million in the prior-year period, and increased 3% on an organic basis. Diluted earnings per share was $3.10 and adjusted diluted earnings per share was $3.72.

2. 02

   The company said operating margin for Q1 2026 was 18.6%, down 80 basis points from 19.4% in the prior-year period, while adjusted operating margin was 22.3%, up 70 basis points from 21.6%.

3. 03

   Willis Towers Watson said cash flows used in operating activities for Q1 2026 were $10 million and free cash flow was $(65) million, an increase of $21 million from $(86) million in the prior-year period. The company repurchased $300 million of WTW shares during the quarter.

4. 04

   Willis Towers Watson said the Newfront acquisition is expected to be dilutive to adjusted earnings per share by approximately $0.10 in 2026, with post-close revenue of approximately $250M and an adjusted EBITDA margin of approximately 26% in 2026.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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