WTW Q2 2025 diluted EPS rose to $3.32 as reported revenue held flat at $2.26 billion
Willis Towers Watson reported second-quarter 2025 results on July 31, 2025. Reported revenue was flat at $2.26 billion because of the sale of TRANZACT, but organic revenue grew 5%, and both GAAP and adjusted diluted earnings per share rose from the prior-year quarter.
Key points
- Diluted EPS was $3.32 versus $1.36 a year earlier; adjusted diluted EPS was $2.86 versus $2.39, up 20%.
- Revenue was $2.26 billion, flat as reported and up 5% organically; the TRANZACT sale offset growth.
- Operating margin was 16.3% versus 9.4%; adjusted operating margin was 18.5% versus 17.0%.
- Free cash flow for the six months was $217 million versus $305 million, down $88 million; WTW repurchased 1,614,427 shares for $500 million in the quarter and expects 2025 repurchases of about $1.5 billion.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.