Key Highlights

  • The board approved a $0.96 regular quarterly Cash Dividend on August 27, 2026, payable on or about October 15.
  • Second-quarter Revenue was $2.47 billion, up 9%, with organic growth of 5%, according to the company's results release.
  • GAAP diluted EPS was $2.43, compared with $3.32, while adjusted diluted EPS, a non-GAAP measure, was $3.35, compared with $2.86.
  • The company repurchased 1,733,574 shares for $450 million in the second quarter and added $1.5 billion to its authorization.

Overview

WTW (NASDAQ:WTW) declared a regular quarterly cash dividend of $0.96 per common share on August 27, 2026, payable on or about October 15 to holders of record on September 30. The dividend yields 1.31%. Second-quarter GAAP diluted EPS was $2.43 and adjusted diluted EPS, a non-GAAP measure, was $3.35, on revenue of $2.47 billion and organic growth of 5%.

Dividend Program and Shareholder Returns

The Board of Directors approved a regular quarterly cash dividend of $0.96 per common share on August 27, 2026. It is payable on or about October 15 to shareholders of record on September 30, and the stock trades ex-dividend on September 30.

In the second quarter the company repurchased 1,733,574 shares for $450 million. The board also authorized an additional $1.5 billion share repurchase program alongside the second-quarter results.

About the Company

WTW is listed on Nasdaq and describes itself as a leading global advisory, broking and solutions company. It reports two segments, Health, Wealth & Career and Risk & Broking, and it reports both GAAP results and adjusted measures that it identifies as non-GAAP.

Second-Quarter Revenue and Earnings

Revenue was $2.47 billion, up 9% from the prior-year quarter and up 5% on an organic basis. Diluted EPS was $2.43, compared with $3.32 in the second quarter of 2025, a decline of 27%.

Adjusted diluted EPS, a non-GAAP measure, was $3.35, compared with $2.86, an increase of 17%. The GAAP Operating Margin was 14.8%, compared with 16.3%, while the adjusted operating margin, a non-GAAP measure, was 19.5%, compared with 18.5%.

Free Cash Flow for the six months was $360 million, compared with $217 million a year earlier, an increase of $143 million according to the company. The company also reports segment revenue and margins, which are set out below.

Segment Results and the Propel Plan

Health, Wealth & Career revenue was $1.27 billion, up 8% on a reported basis and 4% organically, with a 24.1% operating margin. Risk & Broking revenue was $1.16 billion, up 11% reported and 7% organically, with a 22.2% operating margin.

With its second-quarter results, the company announced Propel, an AI acceleration plan. The plan targets about $625 million of cash Investment and $400 million in run-rate savings through 2028, with a goal of roughly a 30% adjusted operating margin in 2028.

The Propel figures are company targets rather than reported results, and the plan runs through 2028. The adjusted operating margin is a non-GAAP measure.

Outlook

The gap between GAAP and adjusted earnings, segment organic growth, the Propel plan targets, share repurchases under the enlarged authorization and the board's quarterly declarations are the relevant considerations. The second quarter is the most recent reported period, and the August declaration is the latest dividend action.