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Mar 31, 2024

Willis Towers Watson Q1 2024 Earnings Report

Reported solid first quarter results, achieved healthy organic growth, solid margins and earnings per share.

Key Takeaways

WTW reported a 4% increase in revenue to $2.34 billion for Q1 2024, with organic revenue growth of 5%. Net income decreased by 6% to $194 million. Adjusted EBITDA increased by 13% to $568 million, representing 24.3% of revenue.

Revenue was $2.34 billion, up 4% compared to the prior year.

Organic revenue increased by 5%.

Net Income was $194 million, a decrease of 6% compared to the prior year.

Adjusted EBITDA was $568 million, or 24.3% of revenue, an increase of 13%.

Total Revenue
$2.34B
Previous year: $2.24B
+4.3%
EPS
$3.29
Previous year: $2.84
+15.8%
Adj. Operating Margin
20.6%
Gross Profit
$2.34B
Previous year: $2.24B
+4.3%
Cash and Equivalents
$1.89B
Previous year: $1.14B
+66.8%
Free Cash Flow
-$9M
Previous year: $92M
-109.8%
Total Assets
$30.2B
Previous year: $31.9B
-5.2%

Willis Towers Watson

Willis Towers Watson

Willis Towers Watson Revenue by Segment

Forward Guidance

The Company's full-year targets for 2024 are consistent with those targets that have been previously provided.

Revenue & Expenses

Visualization of income flow from segment revenue to net income