WTW Willis Towers Watson Public Limited Company - Ordinary Shares
About Willis Towers Watson Public Limited Company - Ordinary Shares Company overview from Wikipedia
Willis Towers Watson plc is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.
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Willis Towers Watson plc (branded as WTW) is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.
The company is legally domiciled in Ireland and has its principal executive offices at the Willis Building in London. In 2024 WTW reported revenue of US$9.93 billion and employed about 48,900 people. Following completion of the Willis Group - Towers Watson merger, the company was added to the S&P 500 index in January 2016. WTW ranks among the largest global insurance brokers by revenue.
History
Origins and predecessor firms
WTW’s roots trace to nineteenth- and twentieth-century insurance broking and actuarial consultancies that later combined to form Willis Group and Towers Watson.
Willis Group
Henry Willis began broking at Lloyd’s in the 1840s and founded Henry Willis & Co. The firm merged with Faber Brothers in 1898 to form Willis, Faber & Co., and with Dumas & Wylie in 1928 to form Willis, Faber & Dumas. The company listed on the London Stock Exchange in 1976. In 1990 Willis entered the U.S. retail market through a merger with Corroon & Black to create Willis Corroon. It was taken private by KKR in 1998, adopted the Willis Group name, and relisted on the New York Stock Exchange in 2001 under the ticker WSH. Willis expanded in North America by acquiring Hilb, Rogal & Hobbs in 2008, increased its longtime stake to acquire French broker Gras Savoye in 2015, and agreed that year to purchase an 85% stake in London broker Miller. Willis launched the Willis Research Network in 2006 to link academia and industry on natural-hazard and risk science.
Watson Wyatt Worldwide
R. Watson & Sons was founded in the United Kingdom in 1878. The Wyatt Company was founded in the United States in the 1940s. The firms merged in 1995 under the Watson Wyatt name, the U.S. business listed on the New York Stock Exchange in 2000, and the UK and U.S. businesses formally merged in 2005 as Watson Wyatt Worldwide.
Towers Perrin and Towers Watson
Towers, Perrin, Forster & Crosby (TPF&C) was established in 1934. It acquired actuarial firm Tillinghast, Nelson & Warren in 1986 and shortened its name to Towers Perrin in 1987. Towers Perrin and Watson Wyatt completed a merger of equals on 4 January 2010 to form Towers Watson, led by John Haley, before the 2016 merger with Willis Group created WTW.
Formation of Willis Towers Watson (2016)
Shareholders approved the merger of Willis Group and Towers Watson in December 2015. The combined company began operating as Willis Towers Watson in early January 2016, with shares trading on Nasdaq under the ticker WLTW.
Proposed acquisition by Aon
On 9 March 2020 Aon announced an all-stock deal to acquire Willis Towers Watson valued at about US$30 billion. The combined group would have been the world’s largest insurance broker by revenue. The parties targeted completion in 2021 subject to regulatory approvals and other conditions.
Competition authorities conducted in-depth reviews. The European Commission opened a Phase II investigation in December 2020 and on 9 July 2021 approved the transaction subject to structural remedies that included the divestment of substantial Willis Towers Watson reinsurance and commercial risk broking activities to an approved purchaser. The Commission said the commitments preserved competition for large commercial clients and for reinsurance broking in the EEA. Outside Europe, the Australian Competition & Consumer Commission set out preliminary concerns in February 2021 relating to reinsurance broking and broking for large commercial clients in Australia.
In the United States the Department of Justice filed a civil antitrust complaint on 16 June 2021 to block the merger. The complaint alleged that the deal would substantially lessen competition in five markets covering large-client broking, reinsurance broking, health benefits broking for large customers, private multicarrier retiree exchanges and pension administration services for large customers.
On 26 July 2021 Aon and Willis Towers Watson terminated their business combination agreement, citing the uncertainty created by the DOJ litigation. Under the termination agreement Aon paid a US$1 billion fee to Willis Towers Watson. In the months that followed, Willis Towers Watson completed the sale of its treaty reinsurance brokerage operations to Arthur J. Gallagher & Co., which had been the intended purchaser under the European remedy package.
Rebranding since 2020
In November 2020 WTW acquired Acclimatise, a UK-based climate consultancy, and in November 2021 it agreed to acquire Israeli broker Leaderim as part of a broader build-out of specialty and regional broking networks. WTW completed the sale of its treaty reinsurance operations to Arthur J. Gallagher & Co. on 1 December 2021 for an initial US$3.25 billion with a potential earn-out.
The company rebranded commercially as WTW in January 2022 and changed its Nasdaq ticker to WTW. In March 2022 it withdrew from Russia, transferring ownership of its Russian businesses to local management. In July 2022 WTW acquired Butterwire, a climate risk analytics firm, to support its advisory and software offerings. In October 2024 WTW announced an agreement to sell its direct-to-consumer unit TRANZACT, completion of which was announced on 2 January 2025.
In December 2025, it was announced WTW had reached an agreement to acquire NatWest Group's 85% stake in the UK-based workplace savings and pensions fintech, Cushon. The acquisition will be subject to regulatory approval.
In January 2026, it was announced that WTW had acquired Invoice Cover, a Québec-based specialist in trade credit insurance, with the business integrated into its Willis broking division. The acquisition, which was completed in December 2025, was intended to strengthen Willis’ presence in the Canadian trade credit market.
In January 2026, WTW acquired the American company Newfront in a $1.3 billion deal. The acquisition allowed WTW to expand its reach in the U.S. middle-market and add scale in sectors such as technology, fintech, and life sciences.
Operations
Segments
WTW reports two operating segments. Risk & Broking provides risk advice, insurance brokerage and related consulting to clients from small firms to multinationals. Health, Wealth & Career provides benefits administration and technology, health and benefits brokerage, retirement and actuarial consulting, investment advice and human capital and rewards services.
Risk and broking
The segment comprises two primary businesses: Corporate Risk & Broking and Insurance Consulting and Technology. Corporate Risk & Broking places and services commercial and specialty risks for corporate and institutional clients.
Insurance consulting and technology
Within Risk & Broking, Insurance Consulting and Technology provides advisory services to insurers and develops software used for pricing, reserving and capital modelling, including the Radar pricing suite, ResQ reserving and the Igloo modelling platform used by general insurers.
Health, wealth and career
Health, Wealth & Career covers benefits administration and technology, health and benefits brokerage, retirement and actuarial consulting, investment advisory for institutional investors, and workforce and rewards advisory.
Markets and geography
In 2024 the revenue mix by segment was 59 percent Health, Wealth & Career and 41 percent Risk & Broking. Revenue by geography was 55 percent North America, 34 percent Europe and 11 percent International.
Defined contribution master trust
In the United Kingdom, WTW sponsors LifeSight, a multi-employer defined contribution master trust open to participating employers. LifeSight was the first master trust to be granted authorisation under The Pensions Regulator’s regime in February 2019, confirming that it met the regulator’s standards on governance and financial sustainability.
LifeSight has grown through employer onboarding and consolidation. By July 2024 it had passed £20 billion in assets under management and covered more than 400,000 members. By September 2025 assets reached above £24 billion with about 430,000 members. The master trust offers an in-scheme drawdown arrangement, in September 2025 over 7,500 members had used this option, with drawdown assets exceeding £1 billion.
The scheme is governed by an independent trustee board with an independent chair, separate from WTW’s management. Its Statement of investment principles states that the standard default is a medium-risk drawdown lifecycle that gradually de-risks as members approach retirement. The trustee permits use of certain illiquid assets within the default where appropriate. Earlier reporting highlighted an increased allocation to ESG strategies within the default from 2018. In August 2025 LifeSight announced an allocation to a renewables long-term asset fund as part of its default’s long-term growth exposure.
Governance
WTW is an Irish public limited company with a single-tier board. In May 2025 the board appointed Paul Reilly as non-executive chair following the company’s annual general meeting, succeeding Paul Thomas, who retired from the board at the end of his term. The chief executive officer is Carl Hess, who succeeded John Haley on 1 January 2022, and the chief financial officer is Andrew Krasner, appointed in September 2021.
Financials
For the year ended 31 December 2024 WTW reported revenue of US$9.93 billion, operating income of US$627 million and a net loss of US$98 million. Total assets were US$27.7 billion and total equity was US$7.94 billion. The 2024 net loss primarily reflected non-cash impairment charges related to the sale of the company’s TRANZACT unit, partially offset by recognition of an earn-out related to the 2021 Willis Re divestment.
Selected annual results
Notes: 2021 net income includes gains related to divestitures and discontinued operations following regulatory remedies associated with the terminated Aon transaction; 2024 reflects impairments related to the TRANZACT sale.
Legal issues
In 2005 U.S. authorities examined the use of contingent commissions in commercial insurance broking. Willis Group said it would cease the practice and improve transparency in the wake of wider industry settlements that followed the Marsh & McLennan probe.
In July 2011 the UK Financial Services Authority fined Willis Limited £6.895 million after finding that anti-bribery and corruption systems and controls were inadequate between 2005 and 2009.
During the Willis Group and Towers Watson merger process in 2015 some Towers Watson investors objected to the original terms. A first shareholder vote on 18 November 2015 did not secure sufficient support, and reporting highlighted concerns about valuation and potential conflicts of interest. Towers Watson shareholder Driehaus Capital Management urged other shareholders to vote against the proposed merger, calculating that Towers Watson was worth between 39% and 53% more as a standalone company. Towers Watson CEO John Haley was accused of having a conflict of interest since he was to receive $165 million from the completion of the deal. Haley had disposed of 55% of his shares in the company for a $10 million profit in early March 2015 while the merger negotiations were ongoing and before the stock price dropped on the news of the acquisition. Willis then increased a special cash dividend payable to Towers Watson shareholders and the revised offer was approved on 11 December 2015.
Following completion, stockholders brought litigation in the Delaware Court of Chancery and related federal actions concerning the merger process and disclosures. In 2019 the Court of Chancery allowed certain claims to proceed. In 2024 the parties reported settlements totaling about US$90 million across the federal proxy action and related Delaware proceedings.
A separate insurance coverage dispute concerned whether directors’ and officers’ policies covered the merger-related settlements. On 9 August 2024 the United States Court of Appeals for the Fourth Circuit vacated a district court ruling that had applied a “bump-up” exclusion and remanded for further proceedings. Commentary discussed possible implications for coverage of merger-related settlements.
Notable office locations
Willis Building at 51 Lime Street in the City of London, WTW’s principal executive offices. It was designed by Foster + Partners, opening in 2008, and received the Council on Tall Buildings and Urban Habitat’s regional award for Europe in 2008.
Willis Building in Ipswich, England, designed by Norman Foster and given Grade I listed building status.
The company is incorporated in Ireland and its registered office is at Willis Towers Watson House, Elm Park, Merrion Road, Dublin 4.
Willis Tower in Chicago, United States. Willis secured naming rights in July 2009 in connection with a large lease commitment. The tower had been known as the Sears Tower since its completion in 1973.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
WTW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
WTW Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.9600 |
| March 31, 2026 | $0.9600 |
| Dec. 31, 2025 | $0.9200 |
| Sept. 30, 2025 | $0.9200 |
| June 30, 2025 | $0.9200 |
| March 31, 2025 | $0.9200 |
| Dec. 31, 2024 | $0.8800 |
| Sept. 30, 2024 | $0.8800 |
| June 28, 2024 | $0.8800 |
| March 27, 2024 | $0.8800 |
| Dec. 28, 2023 | $0.8400 |
| Sept. 28, 2023 | $0.8400 |
| June 29, 2023 | $0.8400 |
| March 30, 2023 | $0.8400 |
| Dec. 29, 2022 | $0.8200 |
| Sept. 29, 2022 | $0.8200 |
| June 29, 2022 | $0.8200 |
| March 30, 2022 | $0.8200 |
| Dec. 30, 2021 | $0.8000 |
| Sept. 29, 2021 | $0.8000 |
WTW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 17.9%
- Buy 15 53.6%
- Hold 8 28.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.35 | $3.15 | 0.20% |
| March 31, 2026 | $3.72 | $3.70 | 0.02% |
| Dec. 31, 2025 | $8.12 | $8.02 | 0.10% |
| Sept. 30, 2025 | $3.07 | $3.08 | -0.01% |
| June 30, 2025 | $2.86 | $2.62 | 0.24% |
| March 31, 2025 | $3.13 | $3.23 | -0.10% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.71B | $9.93B | $9.48B | $8.87B | $9.00B | $8.62B | $8.37B | $8.51B | $8.20B | $7.89B | $3.83B | $3.80B | |
| Operating Expenses | $7.47B | $9.30B | $8.12B | $7.69B | $6.80B | $7.76B | $7.32B | $7.70B | $7.69B | $7.54B | $3.40B | $3.15B | |
| Operating Income | $2.23B | $627M | $1.36B | $1.18B | $2.20B | $859M | $1.05B | $809M | $516M | $348M | $427M | $647M | |
| Interest Expense | $260M | $263M | $235M | $208M | $211M | $244M | $234M | $208M | $188M | $184M | $142M | $135M | |
| Interest Income | · | · | · | · | · | · | $21M | $3M | $3M | $2M | · | · | |
| Other Non-op | $-21M | $-262M | $146M | $288M | $701M | $396M | $226M | $250M | $164M | $178M | $55M | $6M | |
| Pretax Income | $1.95B | $102M | $1.28B | $1.26B | $2.69B | $1.01B | $1.05B | $851M | $492M | $342M | $340M | $518M | |
| Income Tax | $318M | $192M | $215M | $194M | $536M | $249M | $197M | $136M | $-100M | $-96M | $-33M | $159M | |
| Net Income | $1.60B | $-98M | $1.05B | $1.01B | $4.22B | $996M | $1.04B | $695M | $568M | $420M | $373M | $362M | |
| EPS (Basic) | $16.34 | $-0.96 | $10.01 | $9.00 | $32.88 | $7.68 | $8.05 | $5.29 | $4.21 | $3.07 | $5.49 | $5.40 | |
| EPS (Diluted) | $16.26 | $-0.96 | $9.95 | $8.98 | $32.78 | $7.65 | $8.02 | $5.27 | $4.18 | $3.04 | $5.41 | $5.32 | |
| Shares (Basic) | 98,000,000 | 102,000,000 | 105,000,000 | 112,000,000 | 128,000,000 | 130,000,000 | 130,000,000 | 131,000,000 | 135,000,000 | 137,000,000 | 68,000,000 | 67,000,000 | |
| Shares (Diluted) | 99,000,000 | 102,000,000 | 106,000,000 | 112,000,000 | 129,000,000 | 130,000,000 | 130,000,000 | 132,000,000 | 136,000,000 | 138,000,000 | 69,000,000 | 68,000,000 | |
| EBITDA | $2.23B | $627M | $1.36B | $1.18B | $2.20B | $1.18B | $1.33B | $809M | $738M | $551M | $427M | $647M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.13B | $1.89B | $1.42B | $1.26B | $4.49B | $2.04B | $887M | $1.03B | $1.03B | $870M | $532M | $635M | |
| Short-term Investments | $25M | $0 | · | $0 | $200M | · | · | · | · | · | · | · | |
| Receivables | $2.70B | $2.49B | $2.57B | $2.39B | $2.37B | $2.41B | $2.62B | $2.38B | $2.25B | $2.08B | $1.26B | $1.04B | |
| Prepaid Expense | $595M | $1.22B | $364M | $414M | $612M | $479M | $525M | $404M | $430M | $337M | $255M | · | |
| Other Current Assets | $56M | $60M | $53M | $54M | $54M | $74M | $112M | $57M | $71M | $55M | $40M | $212M | |
| Current Assets | $16.87B | $15.11B | $13.43B | $15.84B | $18.49B | $20.30B | $17.04B | $16.42B | $15.86B | $13.79B | $12.50B | $10.84B | |
| PP&E (Net) | $695M | $661M | $720M | $718M | $851M | $1.01B | $1.05B | $942M | $985M | $839M | $563M | $483M | |
| PP&E (Gross) | $2.23B | $1.99B | $2.07B | $1.99B | $2.09B | $2.13B | $1.94B | $1.71B | $1.86B | $1.48B | $1.09B | $980M | |
| Accum. Depreciation | $1.54B | $1.33B | $1.35B | $1.27B | $1.24B | $1.12B | $891M | $768M | $877M | $642M | $528M | $497M | |
| Goodwill | $8.94B | $8.80B | $10.20B | $10.17B | $10.18B | $10.39B | $10.38B | $10.46B | $10.52B | $10.41B | $3.74B | $2.94B | |
| Intangibles | $1.14B | $1.29B | $2.02B | $2.27B | $2.56B | $2.99B | $3.48B | $3.32B | $3.88B | $4.37B | $1.11B | $450M | |
| Other Non-current Assets | $866M | $806M | $1.57B | $1.36B | $1.20B | $1.08B | $835M | $467M | $447M | $353M | $298M | $210M | |
| Total Assets | $29.53B | $27.68B | $29.09B | $31.77B | $34.97B | $38.53B | $35.43B | $32.38B | $32.46B | $30.25B | $18.84B | $15.42B | |
| Accounts Payable | · | · | · | · | · | · | · | $163M | $136M | $117M | $75M | $131M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | $988M | $167M | |
| Current Liabilities | $14.00B | $12.60B | $12.63B | $14.78B | $14.72B | $19.33B | $16.07B | $15.30B | $14.76B | $13.37B | $12.80B | $10.21B | |
| Capital Leases | $472M | $502M | $592M | $620M | $734M | $917M | $964M | $0 | · | · | · | · | |
| Deferred Tax | · | $45M | $542M | $748M | $845M | $561M | $526M | $559M | $615M | $864M | $240M | $147M | |
| Other Non-current Liabilities | $246M | $299M | $238M | $221M | $253M | $290M | $335M | $429M | $544M | $532M | $533M | $389M | |
| Total Liabilities | $21.48B | $19.66B | $19.50B | $21.68B | $21.66B | $27.60B | $25.06B | $22.39B | $22.18B | $20.02B | $16.43B | $13.36B | |
| Long-term Debt | $9.69B | $8.61B | $7.43B | $6.76B | $6.64B | $7.88B | $8.02B | $6.40B | $5.64B | $4.94B | · | · | |
| Total Debt | $6.31B | $5.31B | $5.22B | $4.72B | $4.59B | $5.63B | $5.62B | $4.39B | $4.45B | $3.36B | $3.27B | $2.31B | |
| Paid-in Capital | · | · | · | · | · | · | · | · | $10.54B | $10.60B | $1.67B | · | |
| Retained Earnings | $-296M | $109M | $1.47B | $1.76B | $4.64B | $2.43B | $1.79B | $1.20B | $1.10B | $1.45B | $1.60B | $1.53B | |
| Treasury Stock | · | · | $0 | $3M | $3M | $3M | $3M | $3M | $3M | $99M | $3M | $3M | |
| AOCI | $-2.83B | $-3.16B | $-2.86B | $-2.62B | $-2.19B | $-2.36B | $-2.23B | $-1.96B | $-1.51B | $-1.88B | $-1.04B | $-1.07B | |
| Stockholders' Equity | $7.98B | $7.94B | $9.52B | $10.02B | $13.26B | $10.82B | $10.25B | $9.85B | $10.13B | $10.06B | $2.23B | $1.99B | |
| Liabilities + Equity | $29.53B | $27.68B | $29.09B | $31.77B | $34.97B | $38.53B | $35.43B | $32.38B | $32.46B | $30.25B | $18.84B | $15.42B |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | · | $171M | $146M | |
| Stock-based Comp | $153M | $121M | $125M | $99M | $101M | $90M | $74M | $50M | $67M | $123M | $64M | $52M | |
| Deferred Tax | $55M | $-213M | $-109M | $-54M | $96M | $99M | $-81M | $-115M | $-285M | $-244M | $-99M | $66M | |
| Amort. of Intangibles | $192M | $226M | $263M | $312M | $369M | $461M | $488M | $534M | $581M | $591M | $76M | $54M | |
| Restructuring | $0 | $61M | $68M | $99M | $26M | $24M | $0 | $0 | $132M | $193M | $126M | $36M | |
| Operating Cash Flow | $1.77B | $1.51B | $1.34B | $812M | $2.06B | $1.77B | $1.08B | $1.29B | $862M | $933M | $244M | $477M | |
| CapEx | $229M | $245M | $242M | · | · | · | · | $268M | $300M | $218M | $146M | $113M | |
| Investing Cash Flow | $447M | $250M | $-1.08B | $-173M | $2.57B | $-160M | $-1.61B | $-341M | $-335M | $195M | $-943M | $-276M | |
| Net Debt Issued | $-5M | $-655M | $-254M | $-585M | $-1.01B | $-327M | $-995M | $-170M | $-734M | $-1.90B | · | · | |
| Stock Issued | · | $0 | $0 | $7M | $10M | $16M | $45M | $45M | $61M | $63M | $131M | $139M | |
| Stock Repurchased | $1.65B | $901M | $1.00B | $3.53B | $1.63B | $0 | $150M | $602M | $532M | $396M | $82M | $213M | |
| Net Stock Activity | $-1.65B | $-901M | $-1.00B | $-3.52B | $-1.62B | $16M | $-105M | $-557M | $-471M | $-333M | $42M | $-79M | |
| Dividends Paid | $358M | $354M | $352M | $369M | $374M | $346M | $329M | $306M | $277M | $199M | $277M | $210M | |
| Financing Cash Flow | $-936M | $-459M | $-1.20B | $-3.44B | $-3.11B | $378M | $455M | $-903M | $-479M | $-775M | $640M | $-323M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | $-59M | $-122M | |
| Taxes Paid | $441M | $312M | $348M | $428M | $570M | $310M | $299M | $178M | $203M | $158M | $91M | $88M | |
| Free Cash Flow | $1.55B | · | · | · | · | · | · | $1.02B | $562M | $702M | $97M | $364M | |
| Levered FCF | $1.33B | · | · | · | · | · | · | $845M | $336M | $466M | $-59M | $270M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 23.0% | 6.3% | 14.4% | 13.3% | 24.5% | 12.7% | 14.7% | 9.5% | 9.0% | 7.0% | 11.2% | 17.0% | |
| Net Margin | 16.5% | -0.99% | 11.1% | 11.4% | 46.9% | 10.7% | 11.6% | 8.2% | 6.9% | 5.3% | 9.7% | 9.5% | |
| Pretax Margin | 20.1% | 1.1% | 13.5% | 14.2% | 29.9% | 14.3% | 14.6% | 10.0% | 6.0% | 4.3% | 8.9% | 13.6% | |
| EBITDA Margin | 23.0% | 6.3% | 14.4% | 13.3% | 24.5% | 12.7% | 14.7% | 9.5% | 9.0% | 7.0% | 11.2% | 17.0% | |
| ROA | 5.6% | -0.35% | 3.5% | 3.0% | 11.5% | 2.7% | 3.1% | 2.1% | 1.8% | 1.7% | 2.2% | 2.4% | |
| ROE | 20.2% | -1.1% | 10.8% | 8.7% | 35.1% | 9.4% | 10.4% | 7.0% | 5.6% | 6.8% | 17.7% | 17.2% | |
| ROIC | 13.1% | -4.0% | 7.7% | 6.8% | 9.9% | 5.5% | 6.8% | 4.8% | 6.1% | 5.3% | 8.5% | 10.4% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.2 | 1.1 | 1.1 | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 | 1.1 | |
| Quick Ratio | 0.4 | 0.3 | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | |
| Debt / Equity | 0.8 | 0.7 | 0.5 | 0.5 | 0.3 | 0.5 | 0.5 | 0.4 | 0.4 | 0.3 | 1.5 | 1.2 | |
| LT Debt / Equity | 0.7 | 0.7 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 | 0.4 | 0.4 | 0.3 | 1.0 | 1.1 | |
| Interest Coverage | 8.6 | 2.4 | 5.8 | 5.7 | 10.4 | 4.8 | 5.7 | 3.9 | 3.9 | 3.0 | 3.0 | 4.8 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | |
| Receivables Turnover | 3.7 | 3.9 | 3.8 | 3.7 | 3.8 | 3.6 | 3.6 | 3.5 | 3.8 | 4.7 | 3.3 | 3.6 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -2.2% | 4.7% | 7.0% | -1.5% | 4.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.1% | 3.3% | 3.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | 10.8% | -72.6% | 328.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 21.9% | · | 9.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 16.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | 4.6% | -76.1% | 323.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 16.7% | · | 1.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 10.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 0.68% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.71B | $9.93B | $9.48B | $8.87B | $9.00B | $8.62B | $8.37B | $8.51B | $8.20B | $7.89B | $3.83B | $3.80B | |
| Net Income TTM | $1.60B | $-98M | $1.05B | $1.01B | $4.22B | $996M | $1.04B | $695M | $568M | $420M | $373M | $362M | |
| P/E | 20.2 | -326.3 | 24.2 | 27.2 | 7.2 | 27.5 | 25.2 | 28.8 | 36.1 | 40.2 | 23.8 | 22.3 | |
| Earnings Yield | 5.0% | -0.31% | 4.1% | 3.7% | 13.8% | 3.6% | 4.0% | 3.5% | 2.8% | 2.5% | 4.2% | 4.5% | |
| Payout Ratio | 22.3% | -361.2% | 33.4% | 36.6% | 8.9% | 34.7% | 31.5% | 44.0% | 48.8% | 47.4% | 74.3% | 58.0% | |
| Annual Payout | $358M | $354M | $352M | $369M | $374M | $346M | $329M | $306M | $277M | $199M | $277M | $210M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.47B | $2.41B | $2.94B | $2.29B | $2.26B | $2.22B | $3.04B | $2.29B | $2.27B | $2.34B | $2.91B | $2.17B | $2.16B | $2.24B | $2.72B | $1.95B | |
| Operating Expenses | $2.10B | $1.96B | $1.92B | $1.87B | $1.89B | $1.79B | $2.13B | $3.06B | $2.05B | $2.06B | $2.13B | $2.01B | $2.02B | $1.96B | $2.01B | $1.80B | |
| Operating Income | $364M | $448M | $1.02B | $418M | $368M | $432M | $901M | $-766M | $212M | $280M | $779M | $159M | $142M | $285M | $708M | $154M | |
| Interest Expense | $78M | $77M | $66M | $65M | $64M | $65M | $66M | $65M | $68M | $64M | $63M | $61M | $57M | $54M | $54M | $54M | |
| Other Non-op | $6M | $5M | $-3M | $37M | $9M | $-64M | $856M | $-1.17B | $23M | $26M | $20M | $66M | $35M | $25M | $83M | $85M | |
| Pretax Income | $292M | $376M | $947M | $390M | $313M | $303M | $1.69B | $-2.00B | $167M | $242M | $736M | $164M | $120M | $256M | $737M | $185M | |
| Income Tax | $57M | $70M | $197M | $77M | $-21M | $65M | $440M | $-322M | $26M | $48M | $116M | $25M | $24M | $50M | $131M | $1M | |
| Net Income | $229M | $297M | $735M | $304M | $331M | $235M | $1.25B | $-1.68B | $141M | $190M | $622M | $136M | $94M | $203M | $588M | $190M | |
| EPS (Basic) | $2.43 | $3.12 | $7.54 | $3.12 | $3.34 | $2.34 | $12.27 | $-16.44 | $1.37 | $1.84 | $5.94 | $1.30 | $0.88 | $1.89 | $5.28 | $1.72 | |
| EPS (Diluted) | $2.43 | $3.10 | $7.50 | $3.11 | $3.32 | $2.33 | $12.29 | $-16.44 | $1.36 | $1.83 | $5.90 | $1.29 | $0.88 | $1.88 | $5.26 | $1.72 | |
| Shares (Basic) | 94,000,000 | 95,000,000 | -199,000,000 | 98,000,000 | 99,000,000 | 100,000,000 | -206,000,000 | 102,000,000 | 103,000,000 | 103,000,000 | -214,000,000 | 105,000,000 | 107,000,000 | 107,000,000 | -228,000,000 | 110,000,000 | |
| Shares (Diluted) | 94,000,000 | 96,000,000 | -200,000,000 | 98,000,000 | 100,000,000 | 101,000,000 | -207,000,000 | 102,000,000 | 103,000,000 | 104,000,000 | -214,000,000 | 105,000,000 | 107,000,000 | 108,000,000 | -229,000,000 | 111,000,000 | |
| EBITDA | $364M | $448M | · | $418M | $368M | $432M | · | $-766M | $212M | $280M | · | $159M | $142M | $285M | · | $154M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.63B | $1.85B | $3.13B | $1.90B | $1.96B | $1.51B | $1.89B | $1.37B | $1.25B | $1.89B | $1.42B | $1.25B | $1.60B | $1.14B | $1.26B | $1.50B | |
| Short-term Investments | $34M | · | $25M | $25M | $25M | · | $0 | · | · | · | · | · | · | · | · | $0 | |
| Receivables | $2.60B | $2.65B | $2.70B | $2.19B | $2.36B | $2.37B | $2.49B | $2.12B | $2.42B | $2.43B | · | $2.08B | $2.21B | $2.26B | · | $1.88B | |
| Prepaid Expense | $669M | $601M | $595M | $570M | $558M | $1.29B | $1.22B | $558M | $432M | $379M | · | $469M | $401M | $337M | · | $476M | |
| Other Current Assets | $59M | · | $56M | $77M | $51M | · | $60M | $69M | $58M | · | · | $39M | · | $43M | · | $61M | |
| Current Assets | $16.75B | $16.09B | $16.87B | $14.62B | $15.61B | $15.46B | $15.11B | $14.31B | $14.03B | $14.64B | · | $11.83B | $12.82B | $15.95B | · | $15.05B | |
| PP&E (Net) | $675M | $671M | $695M | $686M | $696M | $667M | $661M | $710M | $709M | $703M | · | $710M | $725M | $723M | · | $701M | |
| PP&E (Gross) | · | · | $2.23B | · | · | · | $1.99B | · | · | · | $2.07B | · | · | · | $1.99B | · | |
| Accum. Depreciation | · | · | $1.54B | · | · | · | $1.33B | · | · | · | $1.35B | · | · | · | $1.27B | · | |
| Goodwill | $9.73B | $9.66B | $8.94B | $8.94B | $8.94B | $8.84B | $8.80B | $8.88B | $10.18B | $10.19B | $10.20B | $10.14B | $10.20B | $10.19B | $10.17B | $10.09B | |
| Intangibles | $1.44B | $1.27B | $1.14B | $1.19B | $1.23B | $1.25B | $1.29B | $1.36B | $1.90B | $1.96B | · | $2.06B | $2.15B | $2.21B | · | $2.31B | |
| Other Non-current Assets | $928M | $904M | $866M | $942M | $934M | $803M | $806M | $732M | $1.66B | $1.61B | · | $1.43B | $1.42B | $1.39B | · | $1.24B | |
| Total Assets | $30.56B | $29.64B | $29.53B | $27.44B | $28.48B | $28.06B | $27.68B | $27.17B | $29.62B | $30.24B | · | $27.62B | $28.77B | $31.91B | · | $30.99B | |
| Current Liabilities | $15.24B | $13.55B | $14.00B | $13.24B | $13.87B | $13.38B | $12.60B | $12.54B | $12.67B | $13.12B | · | $11.30B | $11.97B | $14.89B | · | $14.12B | |
| Capital Leases | $454M | $485M | $472M | $475M | $500M | $498M | $502M | $556M | $564M | $570M | · | $569M | $602M | $610M | · | $608M | |
| Deferred Tax | · | · | · | · | · | · | · | $94M | $552M | $550M | · | $706M | $721M | $736M | · | $758M | |
| Other Non-current Liabilities | $340M | $251M | $246M | $255M | $246M | $296M | $299M | $202M | $196M | $221M | · | $200M | $201M | $200M | · | $203M | |
| Total Liabilities | $22.79B | $21.58B | $21.48B | $19.63B | $20.30B | $19.85B | $19.66B | $19.60B | $20.21B | $20.67B | · | $18.14B | $18.90B | $21.73B | · | $21.08B | |
| Long-term Debt | $6.53B | $6.30B | $9.69B | $5.31B | $5.31B | $5.31B | $5.31B | $5.31B | $5.31B | $5.96B | · | $5.21B | $5.46B | $4.72B | · | $4.72B | |
| Total Debt | $6.53B | $6.30B | · | $5.31B | $5.31B | $5.31B | · | $5.31B | $5.31B | $5.96B | · | $5.21B | $5.46B | $4.72B | · | $4.72B | |
| Retained Earnings | $-699M | $-392M | $-296M | $-593M | $-206M | $51M | $109M | $-650M | $1.31B | $1.46B | · | $1.13B | $1.43B | $1.77B | · | $1.71B | |
| Treasury Stock | · | · | · | · | · | · | · | $5M | · | · | · | $0 | $0 | $0 | · | $3M | |
| AOCI | $-2.85B | $-2.87B | $-2.83B | $-2.71B | $-2.71B | $-2.94B | $-3.16B | $-2.81B | $-2.92B | $-2.90B | · | $-2.62B | $-2.54B | $-2.57B | · | $-2.72B | |
| Stockholders' Equity | $7.69B | $7.98B | $7.98B | $7.74B | $8.10B | $8.13B | $7.94B | $7.49B | $9.34B | $9.49B | · | $9.41B | $9.80B | $10.10B | · | $9.84B | |
| Liabilities + Equity | $30.56B | $29.64B | $29.53B | $27.44B | $28.48B | $28.06B | $27.68B | $27.17B | $29.62B | $30.24B | · | $27.62B | $28.77B | $31.91B | · | $30.99B |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $67M | $42M | $49M | $36M | $31M | $37M | $36M | $31M | $30M | $24M | $38M | $29M | $32M | $26M | $28M | $24M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $38M | $-47M | |
| Amort. of Intangibles | $55M | $48M | $48M | $47M | $49M | $48M | $50M | $56M | $60M | $60M | $60M | $62M | $70M | $71M | $73M | $71M | |
| Restructuring | · | · | $0 | $0 | $0 | $0 | $32M | $8M | $3M | $18M | $38M | $17M | $10M | $3M | $28M | $9M | |
| Operating Cash Flow | $484M | $-10M | $771M | $678M | $361M | $-35M | $599M | $482M | $407M | $24M | $522M | $393M | $296M | $134M | $375M | $179M | |
| CapEx | $59M | $55M | $63M | $57M | $58M | $51M | $56M | $63M | $66M | $60M | · | · | · | · | · | · | |
| Investing Cash Flow | $-336M | $-840M | $-83M | $-82M | $696M | $-84M | $480M | $-72M | $-84M | $-74M | $-55M | $5M | $-974M | $-61M | $-115M | $-77M | |
| Net Debt Issued | · | $-551M | · | · | · | $-1M | · | · | · | $-1M | · | · | · | $-1M | · | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $6M | |
| Stock Repurchased | $450M | $300M | $350M | $600M | $500M | $200M | $395M | $205M | $200M | $101M | $196M | $350M | $350M | $104M | $440M | $369M | |
| Net Stock Activity | · | $-300M | · | · | · | $-200M | · | · | · | $-101M | · | · | · | $-104M | · | · | |
| Dividends Paid | $90M | $88M | $89M | $90M | $91M | $88M | $89M | $89M | $90M | $86M | $87M | $88M | $90M | $87M | $89M | $91M | |
| Financing Cash Flow | $-408M | $-203M | $375M | $-511M | $-824M | $24M | $-664M | $-159M | $-1.19B | $1.56B | $-472M | $-615M | $340M | $-453M | $-336M | $-419M | |
| Free Cash Flow | · | $-65M | · | · | · | $-86M | · | · | · | · | · | · | · | · | · | · | |
| Levered FCF | · | $-128M | · | · | · | $-137M | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.8% | 18.6% | · | 18.3% | 16.3% | 19.4% | · | -33.5% | 9.4% | 12.0% | · | 7.3% | 6.6% | 12.7% | · | 7.9% | |
| Net Margin | 9.3% | 12.3% | · | 13.3% | 14.6% | 10.6% | · | -73.2% | 6.2% | 8.1% | · | 6.3% | 4.3% | 9.0% | · | 9.7% | |
| Pretax Margin | 11.8% | 15.6% | · | 17.1% | 13.8% | 13.6% | · | -87.1% | 7.4% | 10.3% | · | 7.6% | 5.6% | 11.4% | · | 9.5% | |
| EBITDA Margin | 14.8% | 18.6% | · | 18.3% | 16.3% | 19.4% | · | -33.5% | 9.4% | 12.0% | · | 7.3% | 6.6% | 12.7% | · | 7.9% | |
| ROA | 0.78% | 1.0% | · | 1.1% | 1.1% | 0.81% | · | -6.1% | 0.48% | 0.61% | · | 0.46% | 0.31% | 0.63% | · | 0.56% | |
| ROE | 2.9% | 3.7% | · | 4.0% | 3.8% | 2.7% | · | -19.8% | 1.5% | 1.9% | · | 1.4% | 0.93% | 1.9% | · | 1.8% | |
| ROIC | 2.1% | 2.5% | · | 2.6% | 2.9% | 2.5% | · | -5.0% | 1.2% | 1.5% | · | 0.92% | 0.74% | 1.6% | · | 1.1% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.2 | · | 1.1 | 1.1 | 1.2 | · | 1.1 | 1.1 | 1.1 | · | 1.0 | 1.1 | 1.1 | · | 1.1 | |
| Quick Ratio | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | |
| Debt / Equity | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.5 | |
| LT Debt / Equity | 0.8 | 0.8 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | |
| Interest Coverage | 4.7 | 5.8 | · | 6.4 | 5.8 | 6.6 | · | -11.8 | 3.1 | 4.4 | · | 2.6 | 2.5 | 5.3 | · | 2.9 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.0 | 1.0 | · | 1.1 | 0.9 | 0.9 | · | 1.1 | 1.0 | 1.0 | · | 1.1 | 1.0 | 1.0 | · | 1.0 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.43B | $9.18B | · | $9.06B | $9.04B | $9.12B | · | $9.06B | $8.93B | $8.91B | · | $8.52B | $8.39B | $8.39B | · | $8.85B | |
| Net Income TTM | $1.16B | $1.17B | · | $-805M | $-968M | $-1.11B | · | $-1.21B | $561M | $623M | · | $623M | $596M | $624M | · | $2.82B | |
| P/E | 21.9 | 24.5 | · | -45.0 | -32.5 | -30.9 | · | -24.6 | 48.9 | 46.8 | · | 36.2 | 43.2 | 41.5 | · | 18.8 | |
| Earnings Yield | 4.6% | 4.1% | · | -2.2% | -3.1% | -3.2% | · | -4.1% | 2.0% | 2.1% | · | 2.8% | 2.3% | 2.4% | · | 5.3% | |
| Payout Ratio | · | 29.6% | · | · | · | 37.5% | · | · | · | 45.3% | · | · | · | 42.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $9.71B | $9.93B | $9.48B | $8.87B | $9.00B |
| Operating Margin % | 23.0% | 6.3% | 14.4% | 13.3% | 24.5% |
| Net Income | $1.60B | $-98M | $1.05B | $1.01B | $4.22B |
| Diluted EPS | $16.26 | $-0.96 | $9.95 | $8.98 | $32.78 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.8 | 0.7 | 0.5 | 0.5 | 0.3 |
| Current Ratio | 1.2 | 1.2 | 1.1 | 1.1 | 1.3 |
| Quick Ratio | 0.4 | 0.3 | 0.3 | 0.2 | 0.5 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.55B | — | — | — | — |
Latest News Recent headlines mentioning this company
- Seth Klarman’s Top Non-AI Stock Picks: Willis Towers Watson (WTW)
- Willis Towers Stock: Analyst Estimates & Ratings
- Willis Towers Watson (WTW) Launches Digital Infrastructure Protector Solution
- Willis Towers Watson Public Limited Company (WTW): Billionaire Seth Klarman Continues Buying This Stock
- Willis and Circle Asia launch art insurance for collectors
- WTW, Circle Asia Launch First-of-its-Kind Art Insurance Facility For Collectors & Galleries In Asia
- Is Willis Towers Watson (WTW) Preparing to Navigate AI Threat
- Is Willis Towers Watson Stock Underperforming the Nasdaq?
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 748 filers · $14.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 78 (-23 vs prior Q) | 90 (-16 vs prior Q) | 226 (-3 vs prior Q) | 274 (-3 vs prior Q) | +12.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Dodge & Cox | $2,097,596,707 | 8,025,392 | 15.00% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,613,755,881 | 6,174,220 | 11.54% | Shares |
| Artisan Partners Limited Partnership | $1,448,263,716 | 5,541,048 | 10.36% | Shares |
| STATE STREET CORP | $1,132,048,480 | 4,315,443 | 8.10% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,062,393,775 | 4,064,712 | 7.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $595,584,294 | 2,288,754 | 4.26% | Shares |
| NORGES BANK | $374,769,556 | 1,433,866 | 2.68% | Shares |
| Burgundy Asset Management Ltd. | $286,750,382 | 877,476 | 2.05% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $267,188,358 | 1,022,261 | 1.91% | Shares |
| JANUS HENDERSON GROUP PLC | $246,897,905 | 849,322 | 1.77% | Shares |
| FMR LLC | $234,609,961 | 897,617 | 1.68% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $202,751,158 | 775,725 | 1.45% | Shares |
| ABRAMS CAPITAL MANAGEMENT, L.P. | $188,390,007 | 720,779 | 1.35% | Shares |
| ALLIANCEBERNSTEIN L.P. | $185,185,493 | 637,033 | 1.32% | Shares |
| AMERICAN CENTURY COMPANIES INC | $175,367,658 | 670,954 | 1.25% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $138,689,718 | 530,626 | 0.99% | Shares |
| FRANKLIN RESOURCES INC | $113,727,053 | 435,119 | 0.81% | Shares |
| Brandywine Global Investment Management, LLC | $107,876,423 | 328,291 | 0.77% | Shares |
| GOLDMAN SACHS GROUP INC | $100,562,381 | 384,751 | 0.72% | Shares |
| River Road Asset Management, LLC | $97,201,673 | 371,893 | 0.70% | Shares |
| CITADEL ADVISORS LLC | $96,254,730 | 368,270 | 0.69% | Shares |
| PARNASSUS INVESTMENTS, LLC | $92,833,135 | 355,179 | 0.66% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $91,672,376 | 287,073 | 0.66% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $88,603,907 | 338,998 | 0.63% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $86,105,198 | 329,438 | 0.62% | Shares |
| Swiss National Bank | $69,673,401 | 266,570 | 0.50% | Shares |
| VANGUARD GROUP INC | $68,417,149 | 208,208 | 0.49% | Shares |
| Legal & General Group Plc | $66,297,547 | 253,654 | 0.47% | Shares |
| JOHNSON INVESTMENT COUNSEL INC | $64,548,065 | 246,960 | 0.46% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $63,099,945 | 241,420 | 0.45% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $60,010,813 | 229,601 | 0.43% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $57,863,659 | 221,386 | 0.41% | Shares |
| Vanguard Global Advisers, LLC | $53,339,344 | 204,076 | 0.38% | Shares |
| BlackRock, Inc. | $51,372,796 | 196,552 | 0.37% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $47,694,013 | 182,477 | 0.34% | Shares |
| Point72 Asset Management, L.P. | $45,792,547 | 175,202 | 0.33% | Shares |
| CORTLAND ASSOCIATES INC/MO | $45,595,000 | 174,446 | 0.33% | Shares |
| PFA Pension, Forsikringsaktieselskab | $45,556,721 | 174,300 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $45,536,024 | 174,221 | 0.33% | Shares |
| Nuveen Asset Management, LLC | $45,469,292 | 145,158 | 0.33% | Shares |
| Prana Capital Management, LP | $45,018,892 | 172,242 | 0.32% | Shares |
| California Public Employees Retirement System | $44,753,601 | 171,227 | 0.32% | Shares |
| National Pension Service | $44,663,167 | 170,881 | 0.32% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $44,584,659 | 153,370 | 0.32% | Shares |
| First Eagle Investment Management, LLC | $41,725,055 | 159,640 | 0.30% | Shares |
| BARCLAYS PLC | $41,723,015 | 159,632 | 0.30% | Shares |
| BANK OF AMERICA CORP /DE/ | $40,893,428 | 156,458 | 0.29% | Shares |
| HARRIS ASSOCIATES L P | $39,128,396 | 149,705 | 0.28% | Shares |
| FIRST TRUST ADVISORS LP | $38,619,878 | 147,759 | 0.28% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $37,804,557 | 144,640 | 0.27% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $37,654,530 | 144,066 | 0.27% | Shares |
| Gotham Asset Management, LLC | $33,022,531 | 126,344 | 0.24% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $32,052,064 | 122,631 | 0.23% | Shares |
| MORGAN STANLEY | $27,414,133 | 104,886 | 0.20% | Shares |
| NEW SOUTH CAPITAL MANAGEMENT INC | $25,457,699 | 97,401 | 0.18% | Shares |
| HSBC HOLDINGS PLC | $24,235,329 | 93,134 | 0.17% | Shares |
| MACKENZIE FINANCIAL CORP | $23,576,097 | 90,202 | 0.17% | Shares |
| Aryeh Capital Management Ltd. | $23,236,694 | 67,265 | 0.17% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $22,004,218 | 84,188 | 0.16% | Shares |
| BAMCO INC /NY/ | $21,996,115 | 84,157 | 0.16% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $21,933,648 | 83,918 | 0.16% | Shares |
| AVIVA PLC | $21,701,812 | 83,031 | 0.16% | Shares |
| BANK OF MONTREAL /CAN/ | $21,255,654 | 81,324 | 0.15% | Shares |
| Quantinno Capital Management LP | $20,892,261 | 79,933 | 0.15% | Shares |
| BROWN ADVISORY INC | $19,194,535 | 73,438 | 0.14% | Shares |
| ALTRINSIC GLOBAL ADVISORS LLC | $18,720,888 | 71,626 | 0.13% | Shares |
| APG Asset Management N.V. | $18,456,384 | 80,733 | 0.13% | Shares |
| AMF Tjanstepension AB | $18,250,944 | 69,828 | 0.13% | Shares |
| WESTPORT ASSET MANAGEMENT INC | $18,095,691 | 69,234 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $17,046,551 | 65,220 | 0.12% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $16,754,785 | 57,636 | 0.12% | Shares |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND | $16,282,828 | 62,298 | 0.12% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $16,160,261 | 61,829 | 0.12% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $15,979,000 | 61,134 | 0.11% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $15,959,773 | 61,062 | 0.11% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $15,892,034 | 60,725 | 0.11% | Shares |
| CIDEL ASSET MANAGEMENT INC | $15,253,290 | 58,359 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $15,241,530 | 58,314 | 0.11% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $14,955,853 | 57,221 | 0.11% | Shares |
| KLP KAPITALFORVALTNING AS | $14,715,400 | 56,095 | 0.11% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $14,618,424 | 55,930 | 0.10% | Shares |
| Pictet Asset Management Holding SA | $13,868,554 | 53,061 | 0.10% | Shares |
| M&G PLC | $13,829,868 | 52,988 | 0.10% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $13,431,916 | 51,340 | 0.10% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $13,305,040 | 50,905 | 0.10% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $13,175,923 | 50,411 | 0.09% | Shares |
| Vanguard Investments Australia, Ltd. | $12,531,907 | 47,947 | 0.09% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $12,369,549 | 46,602 | 0.09% | Shares |
| Asset Management One Co., Ltd. | $12,211,726 | 42,008 | 0.09% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $12,115,806 | 46,355 | 0.09% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $11,849,732 | 45,337 | 0.08% | Shares |
| Korea Investment CORP | $11,780,469 | 45,072 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $11,541,054 | 44,156 | 0.08% | Shares |
| NEUBERGER BERMAN GROUP LLC | $11,372,003 | 43,509 | 0.08% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $11,348,162 | 43,418 | 0.08% | Shares |
| Varma Mutual Pension Insurance Co | $11,291,184 | 43,200 | 0.08% | Shares |
| EXENCIAL WEALTH ADVISORS, LLC | $11,277,356 | 34,319 | 0.08% | Shares |
| LPL Financial LLC | $11,076,181 | 42,377 | 0.08% | Shares |
| Vident Advisory, LLC | $10,965,256 | 41,953 | 0.08% | Shares |
| RAYMOND JAMES FINANCIAL INC | $10,629,599 | 40,669 | 0.08% | Shares |
Company insiders 110 insiders · 52 officers · 31 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John J Haley | Chief Executive Officer | Dec. 31, 2021 F | 351,840 | 0 | 0 | $0 |
| Dominic Casserley | President and Deputy CEO | May 11, 2016 S | 83,755 | 0 | 0 | $0 |
| Stephen Patrick Hearn | Group Deputy CEO | March 2, 2015 S | 66,452 | 0 | 0 | $0 |
| Vic Krauze | Chairman & CEO, WNA | May 2, 2013 S | 60,030 | 0 | 0 | $0 |
| David Margrett | CEO, Willis Intl | May 6, 2011 S | 36,454 | 0 | 0 | $0 |
| Grahame J Millwater | Pres, Chrmn & CEO, Willis Glbl | May 6, 2011 S | 139,833 | 0 | 0 | $0 |
| Donald Bailey | Former CEO, WNA | Dec. 7, 2010 S | 31,887 | 0 | 0 | $0 |
| Dominic Samengo-Turner | CEO, Global Markets | Nov. 5, 2007 A | — | 0 | 0 | $0 |
| Joseph J Trotti | CEO, Global Specialties | Nov. 5, 2007 A | — | 0 | 0 | $0 |
| Mario Vitale | CEO North America | Aug. 7, 2006 X | 101,101 | 0 | 0 | $0 |
| Janet Coolick | Group CEO | June 18, 2004 S | 24,583 | 0 | 0 | $0 |
| RATCLIFFE JAMES A | CEO of Global Specialities | May 6, 2004 X | 69,754 | 0 | 0 | $0 |
| Michael J Burwell | Chief Financial Officer | Aug. 10, 2021 A | 23,322 | 0 | 0 | $0 |
| Roger F Millay | Former Chief Financial Officer | July 13, 2017 A | 22,679 | 0 | 0 | $0 |
| Michael K Neborak | Chief Financial Officer | Dec. 16, 2013 A | 37,065 | 0 | 0 | $0 |
| Stephen Edward Wood | Interim CFO | May 6, 2010 S | 4,029 | 0 | 0 | $0 |
| Patrick Regan | Group COO and CFO | Feb. 3, 2010 A | 82,442 | 0 | 0 | $0 |
| Lucy Clarke | President of Risk & Broking | July 15, 2026 A | 22,759 | 2 | 0 | $1,496,271 |
| Michael F Crowley | President, Willis HRH | Nov. 3, 2008 A | 0 | 0 | 0 | $0 |
| Gioia Ghezzi | Chief Operating Officer | Dec. 26, 2012 A | 3,726 | 0 | 0 | $0 |
| Thomas Colraine | VC & Co-COO | Dec. 21, 2006 X | 164,356 | 0 | 0 | $0 |
| Kristy D Banas | Chief Human Resources Officer | July 15, 2026 A | 11,366 | 0 | 0 | $0 |
| Imran Ahmed Qureshi | Global Head of Geographies | July 15, 2026 A | 2,359 | 0 | 0 | $0 |
| Anne Pullum | Co-Head of Corporate Dev. | July 15, 2026 A | 22,448 | 0 | 0 | $0 |
| Matthew Furman | General Counsel | July 15, 2026 A | 35,561 | 0 | 1 | $-912,000 |
| Joseph Stephen Kurpis | PAO and Controller | July 15, 2026 A | 1,693 | 0 | 0 | $0 |
| Thomson-Hall Pamela | Head of International | Oct. 15, 2025 A | 5,840 | 0 | 0 | $0 |
| Adam Garrard | Head of Risk & Broking | July 22, 2024 F | 14,277 | 0 | 0 | $0 |
| Anne Donovan Bodnar | Chief Administrative Officer | April 19, 2023 F | 9,104 | 0 | 0 | $0 |
| Gene H Wickes | Head of Benefits Deliv & Admin | Jan. 17, 2023 A | 61,563 | 0 | 0 | $0 |
| Joseph Gunn | Head of North America | Aug. 10, 2021 A | 23,727 | 0 | 0 | $0 |
| Nicolas Aubert | Head of Great Britain | July 20, 2021 F | 16,508 | 0 | 0 | $0 |
| Susan Dorrance Davies | PAO and Controller | April 15, 2021 A | 1,708 | 0 | 0 | $0 |
| Todd J. Jones | Head- Corporate Risk & Broking | Aug. 8, 2019 A | 20,929 | 0 | 0 | $0 |
| David Shalders | Head- Operations & Technology | March 15, 2019 F | 12,961 | 0 | 0 | $0 |
| Paul G Morris | Head of Western Europe | March 15, 2019 F | 35,016 | 0 | 0 | $0 |
| Timothy D Wright | Head, Corporate Risk & Broking | March 7, 2016 S | 26,615 | 0 | 0 | $0 |
| Adam L. Rosman | Group General Counsel | June 2, 2014 S | 15,503 | 0 | 0 | $0 |
| Martin J Sullivan | Deputy Chairman | Dec. 26, 2012 A | 95,053 | 0 | 0 | $0 |
| Peter C Hearn | Chairman, Willis Re | May 7, 2012 S | 66,723 | 0 | 0 | $0 |
| Adam Grey Ciongoli | General Counsel | May 7, 2012 S | 28,804 | 0 | 0 | $0 |
| Sarah J Turvill | Chairman, Willis International | May 1, 2012 S | 111,508 | 0 | 0 | $0 |
| Susan A Sztuka | Group HR Director | May 5, 2010 S | 13,937 | 0 | 0 | $0 |
| Allan Crawford Adamson Gribben | Group Sales and Marketing Dir. | June 25, 2009 A | 12,618 | 0 | 0 | $0 |
| Christopher M London | Global Sales & Mktg Director | May 31, 2007 D | 50,365 | 0 | 0 | $0 |
| Jeanette Scampas | EVP, Information Systems | March 14, 2007 A | — | 0 | 0 | $0 |
| William C Bartholomay | Group Vice Chairman | March 14, 2007 A | 5,968 | 0 | 0 | $0 |
| Richard J S Bucknall | Vice Chairman | Feb. 12, 2007 S | 41,909 | 0 | 0 | $0 |
| Eric Dinallo | Group General Counsel | June 20, 2006 A | — | 0 | 0 | $0 |
| Stephen G Maycock | Group Human Resources Director | June 20, 2006 A | 52,455 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 9 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person, Undisclosed reporting person | May 31, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | April 5, 2016 | — | Initial filing | — | SEC |
| Towers Watson & Co. | July 7, 2015 | — | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person, Undisclosed reporting person | June 30, 2015 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | April 30, 2013 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 1, 2013 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Feb. 26, 2013 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | April 13, 2012 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Sept. 3, 2010 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 122 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWP · Invesco Exchange-Traded Fund Trust … | 4.67% | 36,698 SH | Aug. 8, 2026 | Daily |
| MDPL · Northern Lights Fund Trust IV | 3.25% | 7,924 NS | May 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 1.58% | 8,806 SH | Aug. 8, 2026 | Daily |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.55% | 13,870 SH | Aug. 8, 2026 | Daily |
| NUMV · Nushares ETF Trust | 1.36% | 22,844 NS | April 30, 2026 | N-PORT |
| PID · Invesco Exchange-Traded Fund Trust | 1.17% | 31,334 SH | Aug. 8, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.51% | 8,114 SH | Aug. 8, 2026 | Daily |
| IYF · iShares Trust | 0.48% | 62,251 SH | Aug. 8, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.43% | 606,706 SH | Aug. 8, 2026 | Daily |
| USMV · iShares Trust | 0.39% | 278,685 SH | Aug. 8, 2026 | Daily |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.36% | 2,715 NS | May 31, 2026 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 0.35% | 29 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.31% | 142,361 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.29% | 154,024 SH | Aug. 8, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.28% | 4,996 SH | Aug. 8, 2026 | Daily |
| SIZE · iShares Trust | 0.25% | 3,157 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.25% | 702,613 SH | Aug. 8, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.24% | 2,046,804 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.24% | 13,391 SH | Aug. 8, 2026 | Daily |
| FAS · Direxion Shares ETF Trust | 0.24% | 18,189 NS | April 30, 2026 | N-PORT |
| IMCV · iShares Trust | 0.24% | 7,954 SH | Aug. 8, 2026 | Daily |
| IWR · iShares Trust | 0.23% | 384,151 SH | Aug. 8, 2026 | Daily |
| ACWV · iShares, Inc. | 0.23% | 22,370 SH | Aug. 8, 2026 | Daily |
| IMCB · iShares Trust | 0.21% | 10,450 SH | Aug. 8, 2026 | Daily |
| IXG · iShares Trust | 0.20% | 4,106 SH | Aug. 8, 2026 | Daily |
| IMCG · iShares Trust | 0.18% | 22,115 SH | Aug. 8, 2026 | Daily |
| EVUS · iShares Trust | 0.18% | 2,000 SH | Aug. 8, 2026 | Daily |
| ESMV · iShares Trust | 0.18% | 41 SH | Aug. 8, 2026 | Daily |
| DIVB · iShares Trust | 0.18% | 9,153 SH | Aug. 8, 2026 | Daily |
| XOEF · iShares Trust | 0.18% | 118 SH | Aug. 8, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.17% | 2,823 NS | May 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.17% | 7,797,000 | Aug. 8, 2026 | Daily |
| DUHP · Dimensional ETF Trust | 0.16% | 72,292 NS | April 30, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 4,981,000 | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.13% | 160,000 | Aug. 8, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | 0.13% | 10,615,000 PA | Aug. 8, 2026 | Daily |
| ESGU · iShares Trust | 0.13% | 68,473 SH | Aug. 8, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.13% | 2,392 NS | April 30, 2026 | N-PORT |
| USXF · iShares Trust | 0.13% | 5,506 SH | Aug. 8, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.11% | 3,028 SH | Aug. 8, 2026 | Daily |
| IVE · iShares Trust | 0.11% | 156,307 SH | Aug. 8, 2026 | Daily |
| IUSV · iShares Trust | 0.10% | 82,341 SH | Aug. 8, 2026 | Daily |
| DGRO · iShares Trust | 0.10% | 124,803 SH | Aug. 8, 2026 | Daily |
| SUSL · iShares Trust | 0.09% | 3,281 SH | Aug. 8, 2026 | Daily |
| QUAL · iShares Trust | 0.09% | 127,425 SH | Aug. 8, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.09% | 897,202 SH | Aug. 8, 2026 | Daily |
| DSI · iShares Trust | 0.09% | 14,572 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.09% | 1,386 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.09% | 6,918 NS | April 30, 2026 | N-PORT |
| IWD · iShares Trust | 0.09% | 209,819 SH | Aug. 8, 2026 | Daily |