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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Elyse Greenspan | Wells Fargo | 14 questions · 21% challenging |
| Rob Cox | Goldman Sachs | 14 questions · 21% challenging |
| Mark Hughes | Truist Securities | 10 questions · 10% challenging |
| Dave Motemaden | Evercore ISI | 10 questions · 10% challenging |
| Brian Meredith | UBS | 8 questions · 13% challenging |
| Greg Peters | Raymond James | 8 questions · 25% challenging |
| Andrew Kligerman | TD Cowen | 6 questions · 33% challenging |
| Paul Newsome | Piper Sandler | 6 questions · 0% challenging |
| Meyer Shields | KBW | 6 questions · 17% challenging |
| Mark Marcon | Robert W. Baird | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 14 questions · 21% challenging |
| Wells Fargo | 1 analyst | 14 questions · 21% challenging |
| Evercore ISI | 1 analyst | 10 questions · 10% challenging |
| Truist Securities | 1 analyst | 10 questions · 10% challenging |
| BMO Capital Markets | 2 analysts | 8 questions · 25% challenging |
| UBS | 1 analyst | 8 questions · 13% challenging |
| Raymond James | 1 analyst | 8 questions · 25% challenging |
| TD Cowen | 1 analyst | 6 questions · 33% challenging |
Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q1 in brief
Willis Towers Watson delivered Q1 organic revenue growth of 3% at the low end of the plan as adjusted diluted EPS of $3.72 grew 19% year-over-year, with adjusted operating margin expanding 70 basis points to 22.3%.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Willis Towers Watson (WTW), FY2026 Q1: 5/10. Scores: Willis Towers Watson’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: WTW daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Willis Towers Watson delivered Q1 organic revenue growth of 3% at the low end of the plan as adjusted diluted EPS of $3.72 grew 19% year-over-year, with adjusted operating margin expanding 70 basis points to 22.3%. CRB growth guidance was narrowed from mid-to-high to mid-single-digit while Career declined 3% on Middle East disruption and discretionary spending caution. The AI-powered operating system Neuron launched across R&B, ICT delivered its strongest quarter at 5% growth, and Newfront integration progressed with early cross-selling wins.
GAAP revenue YoY +8.50% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Revenue Growth | Demand | Competitive Dynamics | Margin | Capital Allocation | M&A | Macroeconomic | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 4 | 6 | 6 | 5 | 4 | 1 |
| 2025Q1 | 6 | 4 | 2 | 1 | 4 | 2 | 3 | 1 |
| 2025Q2 | 6 | 4 | 3 | 3 | 2 | 3 | 1 | |
| 2025Q3 | 9 | 4 | 6 | 4 | 2 | 1 | 4 | |
| 2025Q4 | 9 | 5 | 2 | 1 | 2 | 4 | 1 | |
| 2026Q1 | 6 | 2 | 2 | 3 | 1 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3 | 6 | 6 | 9 | 9 | 6 |
| Demand | 3 | 4 | 4 | 4 | 5 | 2 |
| Competitive Dynamics | 4 | 2 | 3 | 6 | 2 | 2 |
| Margin | 6 | 1 | 3 | 4 | 1 | 3 |
| Capital Allocation | 6 | 4 | 2 | 2 | 2 | 1 |
| M&A | 5 | 2 | 3 | 4 | ||
| Macroeconomic | 4 | 3 | 1 | 2 | ||
| Pricing | 1 | 1 | 1 | 4 | 1 | 2 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.04B | +4.2% | $12.25 | +105.2% | 29.7% | 41.1% |
| FY2025 Q1 | $2.22B | -5.0% | $2.33 | +27.3% | 19.4% | 10.6% |
| FY2025 Q2 | $2.26B | -0.2% | $3.32 | +144.1% | 16.3% | 14.6% |
| FY2025 Q3 | $2.29B | -0.0% | $3.11 | +118.9% | 18.3% | 13.3% |
| FY2025 Q4 | $2.94B | -3.3% | $7.62 | -37.8% | 34.6% | 25.0% |
| FY2026 Q1Selected | $2.41B | +8.5% | $3.10 | +33.0% | 18.6% | 12.3% |
| FY2026 Q2 | $2.47B | +9.1% | $2.43 | -26.8% | 14.8% | 9.3% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What WTW said about other companies on its FY2026 Q1 call, and what other companies said about WTW on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the expected close of our Cushon acquisition this quarter.”
WTW expects to close its Cushon acquisition in the quarter, contributing to Wealth segment total growth.
“we'll benefit from the close of our Flowstone deal in early April”
WTW's Flowstone acquisition, closing early April, adds to total growth in its Wealth/investments business.
“WTW recently acquired Newfront, a San Francisco-based startup, which grew at the leading AI-powered broking platform.”
WTW acquired Newfront to integrate its AI-powered broking technology and build an end-to-end digital ecosystem; Newfront's co-founder became WTW's Chief AI Officer.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| WTWWillis Towers Watson | 5 | +8.5% | Organic growth slows to 3% at low end of plan amid macro headwinds | |
| AJGArthur J. Gallagher & Co. | 6 | +27.6% | AssuredPartners Integration Tracking to Plan | |
| AONAon | 7 | +6.5% | Broad-Based Commercial Risk Growth at 7% | |
| BROBrown & Brown | 6 | +37.3% | Brown & Brown delivered total revenue of $1.9 billion, up 35.4%, with the gain driven almost entirely by the Accession (Risk Strategies/One80) acquisition, which contributed roughly $445 million for the quarter, while organic revenue was flat year-over-year as catastrophe property rate declines of 15%-35% and a prior-year flood claims comparison weighed on growth | |
| ERIEErie Indemnity | 6 | +2.3% | Earnings Growth Resumes with Operating Income Up 10% | |
| MRSHMarsh & McLennan Companies, Inc. | 6 | +7.6% | AI Strategy: Growth, Productivity, and Efficiency |
Organic growth slows to 3% at low end of plan amid macro headwinds
Brown & Brown delivered total revenue of $1.9 billion, up 35.4%, with the gain driven almost entirely by the Accession (Risk Strategies/One80) acquisition, which contributed roughly $445 million for the quarter, while organic revenue was flat year-over-year as catastrophe property rate declines of 15%-35% and a prior-year flood claims comparison weighed on growth
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| WTW | 7 | 5 | 7 | 7 | 7 | 5 |
| AJG | 7 | 8 | 8 | 6 | 9 | 6 |
| AON | 8 | 6 | 6 | 7 | 8 | 7 |
| BRO | 8 | 7 | 7 | 7 | 5 | 6 |
| ERIE | 8 | 7 | 6 | 7 | 4 | 6 |
| MRSH | 8 | 7 | 7 | 7 | 8 | 6 |
AI Strategy: Growth, Productivity, and Efficiency