WTW Q3 2026: adjusted EPS up 18.0% to $3.63, organic growth just 4.0%
WTW's third quarter of 2026 was a margin and cash story, not a growth story. Adjusted diluted EPS rose 18.0% to $3.63, adjusted operating margin reached 21.9%, and nine-month free cash flow climbed to $1.06 billion. Revenue of $2.46 billion grew 8.0% as reported but only 4.0% organically. Read the adjusted numbers first, then look at what they exclude.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $3.24, up 4.0%, while adjusted diluted EPS was $3.63, up 18.0% and a hair above the $3.6289 consensus, so effectively in line. The $0.39 gap is mostly amortization ($0.63), transaction and program expenses ($0.45) and restructuring ($0.15), trimmed by a $0.37 disposal gain and a $0.20 pension credit. GAAP operating margin actually fell 90 basis points to 17.4%.
Revenue was $2.46 billion, up 8.0% from $2.29 billion a year earlier, but only 4.0% of that was organic; acquisitions added 4.0% and currency added 0.0%. Health, Wealth & Career brought in $1.35 billion (+7.0%) and Risk & Broking $1.09 billion (+8.0%). The weak spot was Benefits Delivery & Outsourcing, where organic revenue declined on lower Individual Marketplace commissions.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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