Willis Towers Watson Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1999
Revenue	9,483	8,866	8,998	8,615	8,370	8,513	8,202	7,887	3,829	3,802	Upgrade
Revenue Growth (YoY)	6.96%	-1.47%	4.45%	2.93%	-1.68%	3.79%	3.99%	105.98%	0.71%	4.02%	Upgrade
Gross Profit	9,483	8,866	8,998	8,615	8,370	8,513	8,202	7,887	3,829	3,802	Upgrade
Selling, General & Admin	5,344	5,065	5,253	5,157	4,929	5,123	4,967	4,849	2,303	2,314	Upgrade
Other Operating Expenses	2,774	2,623	1,543	2,599	2,387	2,581	2,719	2,690	1,099	841	Upgrade
Operating Expenses	8,118	7,688	6,796	7,756	7,316	7,704	7,686	7,539	3,402	3,155	Upgrade
Operating Income	1,365	1,178	2,202	859	1,054	809	516	348	427	647	Upgrade
Interest Expense / Income	235	208	211	244	234	208	188	184	142	135	Upgrade
Other Expense / Income	-140	-233	-2,767	-630	-421	-230	-140	-160	-55	-9	Upgrade
Pretax Income	1,270	1,203	4,758	1,245	1,241	831	468	324	340	521	Upgrade
Income Tax	215	194	536	249	197	136	-100	-96	-33	159	Upgrade
Net Income	1,055	1,009	4,222	996	1,044	695	568	420	373	362	Upgrade
Net Income Growth	4.56%	-76.10%	323.90%	-4.60%	50.22%	22.36%	35.24%	12.60%	3.04%	-0.82%	Upgrade
Shares Outstanding (Basic)	103	108	125	129	129	130	132	137	68	67	Upgrade
Shares Change	-4.60%	-13.14%	-3.34%	0.26%	-1.05%	-1.59%	-3.44%	101.01%	1.76%	-0.38%	Upgrade
EPS (Basic)	10.01	9.00	32.88	7.68	8.05	5.29	4.21	3.07	5.49	5.40	Upgrade
EPS (Diluted)	9.95	8.98	32.78	7.65	8.02	5.27	4.18	3.04	5.41	5.32	Upgrade
EPS Growth	10.80%	-72.61%	328.50%	-4.61%	52.18%	26.08%	37.50%	-43.81%	1.69%	-0.93%	Upgrade
Free Cash Flow	1,103	608	1,860	1,488	776	966	487	630	98	364	Upgrade
Free Cash Flow Per Share	10.68	5.62	14.93	11.54	6.04	7.43	3.69	4.61	1.44	5.45	Upgrade
Dividend Per Share	3.360	3.280	3.020	2.750	2.600	2.400	2.120	1.920	3.285	3.179	Upgrade
Dividend Growth	2.44%	8.61%	9.82%	5.77%	8.33%	13.21%	10.42%	-41.55%	3.33%	7.15%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	14.39%	13.29%	24.47%	9.97%	12.59%	9.50%	6.29%	4.41%	11.15%	17.02%	Upgrade
Profit Margin	11.13%	11.38%	46.92%	11.56%	12.47%	8.16%	6.93%	5.33%	9.74%	9.52%	Upgrade
Free Cash Flow Margin	11.63%	6.86%	20.67%	17.27%	9.27%	11.35%	5.94%	7.99%	2.56%	9.57%	Upgrade
Effective Tax Rate	16.93%	16.13%	11.27%	20.00%	15.87%	16.37%	-21.37%	-29.63%	-9.71%	30.52%	Upgrade
EBITDA	2,115	2,098	5,779	2,405	2,352	1,786	1,489	1,277	653	802	Upgrade
EBITDA Margin	22.30%	23.66%	64.23%	27.92%	28.10%	20.98%	18.15%	16.19%	17.05%	21.09%	Upgrade
Depreciation & Amortization	610	687	810	916	877	747	833	769	171	146	Upgrade
EBIT	1,505	1,411	4,969	1,489	1,475	1,039	656	508	482	656	Upgrade
EBIT Margin	15.87%	15.91%	55.22%	17.28%	17.62%	12.20%	8.00%	6.44%	12.59%	17.25%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).