WTW Delivers Strong Financial Performance in Q4 and Full Year 2024

WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has reported its fourth quarter and full year 2024 earnings, showcasing solid revenue growth, robust margin expansion, and impressive earnings growth. The company's strategic shift towards "Grow, Simplify, and Transform" has driven these positive results, positioning WTW for continued success in the years ahead.



Revenue Growth and Margin Expansion

WTW's revenue increased by 5% to $9.93 billion for the year ended December 31, 2024, driven by organic revenue growth of 5% for both the quarter and the year. The company's operating margin for the fourth quarter of 2024 was 29.7%, up 300 basis points from the prior year, while the adjusted operating margin for the full year was 23.9%, up 190 basis points over the prior year. This margin expansion demonstrates WTW's commitment to operational efficiency and its ability to generate value for shareholders.



Earnings Growth and Cash Flow

WTW's diluted earnings per share (EPS) for the fourth quarter of 2024 was $12.25, up 105% from the prior year, while the adjusted diluted EPS for the full year was $16.93, up 17% over the prior year. The company's cash flows from operating activities were $1.5 billion for the year ended December 31, 2024, compared to $1.3 billion for the prior year. WTW's strong earnings growth and cash flow demonstrate its ability to generate value for shareholders and invest in its strategic initiatives.

Sustainable Growth Prospects

WTW's organic revenue growth is driven by several key factors, including the expansion of its Global Benefits Management client portfolio, retirement work, capital market improvements, increased project work and survey sales, higher volumes and placements in the Individual Marketplace, and transformation savings. These growth prospects are sustainable, given the underlying trends and demand for WTW's services in these areas.



WTW's focus on operational efficiency and margin expansion has significantly contributed to its overall financial health and shareholder value. By improving operating margins, growing adjusted operating income, generating strong cash flow, and allocating capital effectively, WTW has demonstrated its commitment to creating value for its shareholders.

In conclusion, WTW's strong financial performance in the fourth quarter and full year 2024 is a testament to the company's strategic shift towards "Grow, Simplify, and Transform." With sustainable growth prospects and a commitment to operational efficiency and margin expansion, WTW is well-positioned to continue delivering value for shareholders in the years ahead.