Willis Towers Watson PLC
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Willis Towers Watson PLC (WTW). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| HWC [Member] | $4.90B 57.4% | $5.29B 59.9% · +8.1% | $5.29B 60.3% · -0.1% | $5.58B 60.3% · +5.6% | $5.78B 58.8% · +3.5% | $5.29B 55.6% · -8.4% |
| R&B [Member] | $3.32B 38.9% | $3.48B 39.4% · +4.8% | $3.46B 39.5% · -0.5% | $3.64B 39.3% · +5.2% | $4.04B 41.1% · +10.9% | $4.22B 44.4% · +4.6% |
| Corporate [Member] | – | -$12.0M -0.1% | $19.0M 0.2% · +258.3% | $38.0M 0.4% · +100.0% | $11.0M 0.1% · -71.1% | $3.0M 0.0% · -72.7% |
| Divested Businesses [Member] | $323.0M 3.8% | $71.0M 0.8% · -78.0% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| HWC [Member] | $1.24B 25.3% | – | $1.38B 26.1% | $1.57B 28.0% | $1.72B 29.7% | – |
| R&B [Member] | $714.0M 21.5% | – | $734.0M 21.2% | – | $958.0M 23.7% | – |
| Corporate [Member] | – | – | – | – | – | – |
| Divested Businesses [Member] | – | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.