Form 8-K · Current report
Willis Towers Watson 8-K, filed Jul 30, 2026
- Filed
- CIK
- 0001140536
- Accession no.
- 0001171843-26-005042
Summary
Willis Towers Watson reported second-quarter 2026 revenue of $2.47 billion, up 9% from a year earlier (5% organic), with adjusted diluted EPS of $3.35, up 17%, while GAAP diluted EPS fell 27% to $2.43 and operating margin declined 150 basis points to 14.8%. The company announced Propel, a plan to embed AI and automation across the business targeting approximately 30% adjusted operating margin in 2028, and its board increased existing share repurchase authority by $1.5 billion.
Key points
- WTW's second-quarter 2026 adjusted operating margin was 19.5%, up 100 basis points year over year, while reported operating margin was 14.8%, down 150 basis points.
- WTW said it expects Propel to require about $625 million of cash investment and $25 million of non-cash charges to generate roughly $400 million in run-rate savings, or about $350 million net after reinvestment.
- WTW said its full-year 2026 guidance is unchanged, and it also cited an expected 2026 headwind of about $0.30 per adjusted diluted share from the Willis Re joint venture and about $0.10 dilution from the Newfront acquisition.
- WTW repurchased 1,733,574 shares for $450 million during the quarter, and free cash flow for the first six months was $360 million versus $217 million a year earlier.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On July 30, 2026, Willis Towers Watson Public Limited Company (“WTW”) issued a press release announcing its financial results for the period ended June 30, 2026. A copy of WTW’s press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. A reconciliation between certain non-GAAP financial measures and reported financial results is provided as an attachment to the press release. Item 7.01 Regulation FD. WTW also posted to the investor relations section of its website a slide presentation which it may refer to during its conference call to discuss the results. …
An excerpt of the text as filed with the SEC, cut for length.
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