Willis Towers Watson Public Limited Company · WTW · FY2026 Q2 · Calendar Q3 2026

WTW beats estimates, but current call analysis is limited

WTW’s supplied Q2 FY2026 results support a constructive operating read because EPS and revenue exceeded the supplied consensus estimates. However, the evidence is incomplete: the current-quarter transcript analysis is empty, so the supplied facts do not establish whether demand, AI execution, margins, or guidance strengthened or weakened.

Reported Before market openNASDAQFinancial Services $28.02B market cap
75quality score

Earnings scorecard

Reported versus consensus
Reported EPS $3.35 Consensus $3.11
EPS surprise +7.7% Reported versus consensus
Reported revenue $2.47B Consensus $2.42B
Revenue surprise +2.0% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +6.4% Event window
SPY move +1.7% Same window
Abnormal move +4.7% Stock minus SPY
Volume 2.0× Versus trailing sessions
Subsequent drift +1.1% Up to 20 sessions
WTWSPY benchmark

Ask FN2 about WTW FY2026 Q2

Transcript, numbers and history already loaded
Why did WTW rise 6.4% after beating EPS estimates in FY2026 Q2?What changed in WTW's guidance and outlook in FY2026 Q2?Give me the bull and bear case for WTW after FY2026 Q2 earnings.

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Transcript intelligence

What changed

The supplied Q2 FY2026 scorecard shows an earnings and revenue beat versus consensus. Beyond that result, no current-quarter transcript analysis was supplied; the available strategic context comes from the prior quarter, when AI-enabled solutions, Newfront integration, specialty lines, and continued margin expansion were emphasized.

Guidance delta

No current-quarter guidance change is available in the supplied analysis. The prior-quarter analysis said guidance was maintained, including mid-single-digit organic growth and continued margin expansion targets.

Key takeaways

  • Reported Q2 FY2026 EPS and revenue exceeded the supplied consensus estimates.
  • The supplied current-quarter transcript analysis is empty, limiting conclusions about what management changed or emphasized.
  • Prior-quarter analysis identified AI-enabled solutions, Newfront integration, specialty lines, and share repurchases as important priorities.
  • Prior-quarter risks included geopolitical uncertainty, pricing pressure, regulation, and execution of the Newfront integration.

Management priorities

  • Scale AI-enabled solutions and analytics, based on the prior-quarter analysis.
  • Integrate Newfront technology and talent, based on the prior-quarter analysis.
  • Pursue specialty-line growth and maintain the company’s margin-expansion and organic-growth objectives, based on the prior-quarter analysis.

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Earnings History

Estimate Beat Miss Match
WTW EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $7.05 Q4 '23 actual $7.44, beat Q1 '24 estimate $3.25 Q1 '24 actual $3.29, beat Q2 '24 estimate $2.34 Q2 '24 actual $2.55, beat Q3 '24 estimate $2.72 Q3 '24 actual $2.93, beat Q2 '25 estimate $2.63 Q2 '25 actual $2.86, beat Q3 '25 estimate $3.05 Q3 '25 actual $3.07, beat Q4 '25 estimate $7.96 Q4 '25 actual $8.12, beat Q1 '26 estimate $3.66 Q1 '26 actual $3.72, beat Q2 '26 estimate $3.11 Q2 '26 actual $3.35, beat Q3 '26 estimate $3.60 Q4 '26 estimate $9.15 Q1 '27 estimate $4.29
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Analyst Consensus ?

ConsensusBuy29 ratings
Bullish1862.1%
Neutral1034.5%
Bearish13.4%

Analyst 52W Price Targets

$301.33Current
$247Low
$342.31Average
$405High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Outperform OutperformMaintainSep 16, 2026
TD Cowen Buy BuyMaintainAug 20, 2026
Morgan Stanley Equal Weight Equal WeightMaintainAug 19, 2026
Keefe, Bruyette & Woods Outperform OutperformMaintainAug 4, 2026
UBS Buy BuyMaintainAug 3, 2026
Show 24 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $301.33. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Mizuho SecuritiesYaron Kinar$380$321.97 +26.1%Sep 16, 2026
Morgan StanleyAnalyst unavailable$350$327.9 +16.2%Aug 19, 2026
Cantor FitzgeraldAnalyst unavailable$380$341.09 +26.1%Aug 3, 2026
UBSBrian Meredith$405$341.04 +34.4%Aug 3, 2026
Morgan StanleyBob Huang$315$341.39 +4.5%Aug 3, 2026
See 56 more

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Company context

Snapshot as of publication

Willis Towers Watson Public Limited Company (WTW) functions as a global provider of comprehensive consulting, brokerage, and solutions services. Its operations are structured across two primary divisions: Health, Wealth and Career, and Risk and Broking. Within the Health, Wealth and Career segment, WTW furnishes actuarial guidance, plan development, and administrative assistance for conventional pension and retirement savings schemes. It also delivers consulting, brokerage, and management services for health and group employee benefit programs, along with outsourced benefits administration. Furthermore, the company offers strategic counsel, analytical data, specialized software, and various products designed to help clients effectively manage their overall compensation and human capital challenges. The Risk and Broking division extends expertise in risk management, insurance placement, and advisory services, covering sectors such as property and casualty, aerospace, construction, and marine.…

Historical context

All WTW earnings
-11.7%FY2026 Q1 · Calendar Q2 2026

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
PUK Prudential plc FY2026 Q2 · Calendar Q3 2026 -40.9% -0.5% Prudential sustains growth and capital returns focus in H1 2026
CM Canadian Imperial Bank of Commerce FY2026 Q3 · Calendar Q3 2026 +8.9% -2.8% CIBC Q3: Broad growth, resilient credit and expanded AI rollout
TD The Toronto-Dominion Bank FY2026 Q3 · Calendar Q3 2026 +13.8% +1.4% TD emphasizes growth investments alongside disciplined capital management
RY Royal Bank of Canada FY2026 Q3 · Calendar Q3 2026 +6.2% -1.3% RBC reports record Q3 earnings while investing for growth
AFRM Affirm Holdings, Inc. FY2026 Q4 · Calendar Q3 2026 +1230.3% +0.3% Affirm's most profitable quarter shifts focus to product execution

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

Get the WTW recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-07-30T22:09:54.091564+00:00
  2. FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
  3. Polygon adjusted daily market bars · 2026-09-23T11:30:55.828338+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T11:30:55.825553+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.