Willis Towers Watson Public (WTW) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased relative to the prior quarter and rose compared with the same period one year earlier. The trailing twelve-month revenue reflects the cumulative performance over the past year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased relative to the prior quarter and rose compared with the same period one year earlier. The trailing twelve-month revenue reflects the cumulative performance over the past year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+10.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2.7B | -0.8% |
| Mar 31, 2023 | $2.2B | +2.5% |
| Jun 30, 2023 | $2.1B | +7.3% |
| Sep 30, 2023 | $2.1B | +10.7% |
Revenue performance
Reported revenue moved upward from the immediately preceding quarter, continuing the trend of sequential growth seen in recent periods.
Quarterly comparison
Revenue was higher than the same quarter one year earlier, while the increase from the prior quarter was modest. The trailing twelve-month figure incorporates all four quarters of the latest fiscal year.
What to watch
Fiduciary funds decreased from the prior year-end, and the company remained in compliance with all financial covenants.