WTW, a leading global advisory, broking and solutions company, announced financial results for the fourth quarter ended December 31, 2024. Revenue increased 4% over prior year to USD 3.0 billion for the quarter and increased 5% to USD 9.9 billion for the year.

WTW Reports Fourth Quarter and Full Year 2024 key figures:

• Revenue increased 4% over prior year to USD 3.0 billion for the quarter and increased 5% to USD 9.9 billion for the year
• Organic Revenue growth of 5% for both the quarter and the year
• Diluted Earnings per Share was USD 12.25 for the quarter, up 105% over prior year, and Diluted Loss was USD 0.96 for the year.
• Adjusted Diluted Earnings per Share was USD 8.13 for the quarter, up 9% from prior year, and USD 16.93 for the year, up 17% over prior year 
• Operating Margin was 29.7% for the quarter, up 300 basis points over prior year, and 6.3% for the year, down 810 basis points from prior year
• Adjusted Operating Margin was 36.1% for the quarter, up 190 basis points from prior year, and 23.9% for the year, up 190 basis points over prior year

Consolidated Results

Fourth Quarter 2024, as reported, USD millions, except %

Key Metrics	Q4-24	Q4-23	Y/Y Change
Revenue	$3,035	$2,914	Reported 4% | CC 5% | Organic 5%
Income from Operations	$901	$779	16%
Operating Margin %	29.7%	26.7%	300 bps
Adjusted Operating Income	$1,096	$998	10%
Adjusted Operating Margin %	36.1%	34.2%	190 bps
Net Income	$1,248	$623	100%
Adjusted Net Income	$827	$775	7%
Diluted EPS	$12.25	$5.97	105%
Adjusted Diluted EPS	$8.13	$7.44	9%

Revenue was USD 3.04 billion for the fourth quarter of 2024, an increase of 4% as compared to USD 2.91 billion for the same period in the prior year. Excluding the impact of foreign currency, revenue increased 5%. On an organic basis, revenue increased 5%. Net Income for the fourth quarter of 2024 was USD 1.25 billion compared to Net Income of USD 623 million in the prior-year fourth quarter.

Full Year 2024, as reported, USD millions, except %

Key Metrics	FY-24	FY-23	Y/Y Change
Revenue	$9,930	$9,483	Reported 5% | CC 5% | Organic 5%
Income from Operations	$627	$1,365	(54)%
Operating Margin %	6.3%	14.4%	(810) bps
Adjusted Operating Income	$2,378	$2,082	14%
Adjusted Operating Margin %	23.9%	22.0%	190 bps
Net (Loss)/Income	$(88)	$1,064	NM
Adjusted Net Income	$1,730	$1,536	13%
Diluted EPS	$(0.96)	$9.95	NM
Adjusted Diluted EPS	$16.93	$14.49	17%

“WTW is entering 2025 with considerable momentum after delivering on our 2024 financial targets through solid revenue growth, robust margin expansion and earnings growth”, said Carl Hess, WTW’s chief executive officer. “The successful completion of our Grow, Simplify and Transform strategy has primed all of our businesses to perform, and we are now stronger, more connected and more efficient than we have ever been. I’m confident our new strategy to accelerate our performance, enhance our efficiency and optimize our portfolio will produce innovative solutions for our customers and create more value for shareholders. I’m proud of our team’s dedication and look forward to executing on our strategic and financial goals in the years ahead”, WTW’s CEO added.

The full report can be found here.