Willis Towers Watson publishes Q3 2026 earnings call transcript
WTW•Willis Towers Watson maintained its 2026 organic growth outlook near the lower end of mid-single digits, while third-quarter adjusted diluted earnings rose 18% to $3.63 per share. It expects Benefits Delivery & Outsourcing revenue to remain roughly flat in 2026 after three large clients delayed implementations until 2027.
1. Outlook and results
Willis Towers Watson maintained its 2026 organic growth outlook near the lower end of mid-single digits, while lowering its Health, Wealth & Career guidance to low-to-mid-single digits. Third-quarter adjusted operating margin expanded 150 basis points to 21.9%. Three large clients delayed Individual Marketplace implementations until 2027, leaving Benefits Delivery & Outsourcing revenue expected to remain roughly flat in 2026. Propel targets $350 million in net annualized savings by the end of 2028, supporting an adjusted operating margin of approximately 30%.
