Want to see WTW full AI Analyst Report?
Revenue by Segment
Breaks down revenue by business unit, providing clarity on which segments are leading growth and contributing most to the company's top line.
The 2022 re‑segmentation concentrated previously separate lines into HWC and Risk & Broking, producing lumpy Q4 spikes and making YoY comparisons noisy. HWC looks structurally steadier—driven by recurring Health demand—and management is leaning on Health and ICT/AI gains to sustain margins; R&B is more cyclical and showed a softer start with new‑business and pricing pressure. In short, HWC provides the defensive, predictable revenue base while R&B’s pace and regional/timing risks are the key swing factors for hitting mid‑single‑digit growth and margin targets.
WTW Revenue by Segment
| Date | Health, Wealth & Career | Risk & Broking | Corporate Risk & Broking | Investment Risk & Reinsurance | Benefits Delivery & Administration | Reimbursable Expenses & Other |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | $1.27B | $1.16B | $0.00 | $0.00 | $0.00 | $32.00M |
| Mar 31, 2026 | $1.26B | $1.12B | $0.00 | $0.00 | $0.00 | $31.00M |
| Dec 31, 2025 | $1.65B | $1.25B | $0.00 | $0.00 | $0.00 | $35.00M |
| Sep 30, 2025 | $1.26B | $1.01B | $0.00 | $0.00 | $0.00 | $20.00M |
| Jun 30, 2025 | $1.18B | $1.05B | $0.00 | $0.00 | $0.00 | $34.00M |
| Mar 31, 2025 | $1.17B | $1.03B | $0.00 | $0.00 | $0.00 | $31.00M |
| Dec 31, 2024 | $1.85B | $1.14B | $0.00 | $0.00 | $0.00 | $41.00M |
| Sep 30, 2024 | $1.33B | $940.00M | $0.00 | $0.00 | $0.00 | $21.00M |
| Jun 30, 2024 | $1.26B | $979.00M | $0.00 | $0.00 | $0.00 | $26.00M |
| Mar 31, 2024 | $1.34B | $978.00M | $0.00 | $0.00 | $0.00 | $27.00M |
| Dec 31, 2023 | $1.80B | $1.07B | $0.00 | $0.00 | $0.00 | $40.00M |
| Sep 30, 2023 | $1.28B | $855.00M | $0.00 | $0.00 | $0.00 | $29.00M |
| Jun 30, 2023 | $1.22B | $900.00M | $0.00 | $0.00 | $0.00 | $44.00M |
| Mar 31, 2023 | $1.29B | $904.00M | $0.00 | $0.00 | $0.00 | $53.00M |
| Dec 31, 2022 | $1.72B | $952.00M | $0.00 | $0.00 | $0.00 | $48.00M |
| Sep 30, 2022 | $1.16B | $765.00M | $0.00 | $0.00 | $0.00 | $26.00M |
| Jun 30, 2022 | $1.16B | $852.00M | $0.00 | $0.00 | $0.00 | $20.00M |
| Mar 31, 2022 | $1.24B | $891.00M | $0.00 | $0.00 | $0.00 | $25.00M |
| Dec 31, 2021 | $884.00M | $0.00 | $882.00M | -$363.00M | $729.00M | $17.00M |
| Sep 30, 2021 | $852.00M | $0.00 | $697.00M | $172.00M | $242.00M | $10.00M |
| Jun 30, 2021 | $836.00M | $0.00 | $788.00M | $400.00M | $242.00M | $20.00M |
| Mar 31, 2021 | $875.00M | $0.00 | $810.00M | $605.00M | $287.00M | $13.00M |
| Dec 31, 2020 | $865.00M | $0.00 | $888.00M | $292.00M | $693.00M | $26.00M |
| Sep 30, 2020 | $796.00M | $0.00 | $649.00M | $331.00M | $226.00M | $7.00M |
| Jun 30, 2020 | $767.00M | $0.00 | $701.00M | $413.00M | $209.00M | $23.00M |
| Mar 31, 2020 | $850.00M | $0.00 | $739.00M | $615.00M | $231.00M | $31.00M |
