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Sep 30, 2021

Willis Towers Watson Q3 2021 Earnings Report

Reported solid revenue growth, margin expansion, and strong adjusted EPS growth.

Key Takeaways

Willis Towers Watson reported a revenue of $1.97 billion for Q3 2021, a 4% increase compared to the same period last year. Income from operations was $1.1 billion, and net income attributable to Willis Towers Watson was $903 million, a 646% increase from the prior-year third quarter. Diluted earnings per share were $6.99, and adjusted diluted earnings per share were $1.73.

Revenue increased by 4% to $1.97 billion.

Income from operations significantly increased to $1.1 billion.

Net income attributable to Willis Towers Watson rose by 646% to $903 million.

Adjusted diluted earnings per share reached $1.73.

Total Revenue
$1.97B
Previous year: $2.01B
-1.8%
EPS
$1.73
Previous year: $1.33
+30.1%
Organic Revenue Growth
7%
Gross Profit
$1.42B
Previous year: $1.9B
-25.4%
Cash and Equivalents
$2.16B
Previous year: $1.65B
+31.3%
Total Assets
$37.3B
Previous year: $38B
-2.0%

Willis Towers Watson

Willis Towers Watson

Willis Towers Watson Revenue by Segment

Forward Guidance

For the full year 2021, Willis Towers Watson expects organic revenue growth of around 6%; and an adjusted operating margin in the range of 19.5% to 20.0% on a continuing operations basis.

Revenue & Expenses

Visualization of income flow from segment revenue to net income