Willis Towers Watson Public (WTW) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a level higher than the current quarter's figure.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a level higher than the current quarter's figure.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
-19.7%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.4B
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 |
|---|---|---|
| Jun 30, 2023 | $2.1B | +7.3% |
| Sep 30, 2023 | $2.1B | +10.7% |
| Dec 31, 2023 | $2.9B | +6.6% |
| Mar 31, 2024 | $2.3B | +4.2% |
Revenue performance
The reported revenue declined sequentially, reversing the growth trend seen in the prior quarter. However, on a year-over-year basis, revenue continued to show an increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Relative to the same quarter one year earlier, revenue was higher.
What to watch
The sequential drop in revenue, despite a year-over-year gain, creates a mixed performance that may merit further observation.