WILLIS TOWERS WATSON PLC (WTW) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 1.96%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value 7.85×; Formula and calculation Operating income ÷ reported interest expense..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 1.96% | Share-based compensation / revenue. Period ending 2026-06-30. $194.00M ÷ $9.91B × 100 ≈ 1.96% |
| Interest coverage · 12 months | 7.85× | Operating income ÷ reported interest expense. $2.25B ÷ $286.00M ≈ 7.85× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 9.91B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 194.00M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 2.25B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | 286.00M USD | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: Reported. Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $9.91B | $194.00M | $2.25B | $286.00M | (m) | 1.96% | 7.85× | Reported |
| 2026-03-31 | (m) | $9.70B | $158.00M | $2.25B | $272.00M | (m) | 1.63% | 8.27× | Reported |
| 2025-12-31 | (m) | $9.52B | $153.00M | $2.23B | $260.00M | (m) | 1.61% | 8.59× | Reported |
| 2025-09-30 | (m) | $9.62B | $140.00M | $2.12B | $260.00M | (m) | 1.45% | 8.15× | Reported |
| 2025-06-30 | (m) | $9.62B | $135.00M | $935.00M | $260.00M | (m) | 1.40% | 3.60× | Reported |
| 2025-03-31 | (m) | $9.62B | $134.00M | $779.00M | $264.00M | (m) | 1.39% | 2.95× | Reported |
| 2024-12-31 | (m) | $9.74B | $121.00M | $627.00M | $263.00M | (m) | 1.24% | 2.38× | Reported |
| 2024-09-30 | (m) | $9.61B | $123.00M | $505.00M | $260.00M | (m) | 1.28% | 1.94× | Reported |
| 2024-06-30 | (m) | $9.50B | $121.00M | $1.43B | $256.00M | (m) | 1.27% | 5.59× | Reported |
| 2024-03-31 | (m) | $9.40B | $123.00M | $1.36B | $245.00M | (m) | 1.31% | 5.55× | Reported |
| 2023-12-31 | (m) | $9.30B | $125.00M | $1.36B | $235.00M | (m) | 1.34% | 5.81× | Reported |
| 2023-09-30 | (m) | $9.13B | $115.00M | $1.29B | $226.00M | (m) | 1.26% | 5.73× | Reported |
| 2023-06-30 | (m) | $8.92B | $110.00M | $1.29B | $219.00M | (m) | 1.23% | 5.89× | Reported |
| 2023-03-31 | (m) | $8.78B | $103.00M | $1.28B | $213.00M | (m) | 1.17% | 6.03× | Reported |
| 2022-12-31 | (m) | $8.73B | $99.00M | $1.18B | $208.00M | (m) | 1.13% | 5.66× | Reported |
| 2022-09-30 | (m) | $8.67B | $101.00M | $1.16B | $204.00M | (m) | 1.16% | 5.69× | Reported |
| 2022-06-30 | (m) | $8.70B | $96.00M | $2.14B | $200.00M | (m) | 1.10% | 10.69× | Reported |
| 2022-03-31 | (m) | $8.78B | $96.00M | $2.17B | $201.00M | (m) | 1.09% | 10.80× | Reported |
| 2021-12-31 | (m) | $8.83B | $101.00M | $2.20B | $211.00M | (m) | 1.14% | 10.44× | Reported |
| 2021-09-30 | (m) | $9.59B | $102.00M | $2.42B | $221.00M | (m) | 1.06% | 10.93× | Reported |
| 2021-06-30 | (m) | $9.56B | $114.00M | $1.37B | $232.00M | (m) | 1.19% | 5.91× | Reported |
| 2021-03-31 | (m) | $9.41B | $118.00M | $1.27B | $242.00M | (m) | 1.25% | 5.27× | Reported |
| 2020-12-31 | (m) | $9.29B | $90.00M | $1.18B | $244.00M | (m) | 0.97% | 4.85× | Reported |
| 2020-09-30 | (m) | $9.19B | $85.00M | $1.28B | $246.00M | (m) | 0.92% | 5.22× | Reported |
| 2020-06-30 | (m) | $9.16B | $75.00M | $1.32B | $247.00M | (m) | 0.82% | 5.33× | Reported |
| 2020-03-31 | (m) | $9.09B | $63.00M | $1.33B | $241.00M | (m) | 0.69% | 5.52× | Reported |
| 2019-12-31 | (m) | $8.94B | $74.00M | $1.33B | $234.00M | (m) | 0.83% | 5.68× | Reported |
| 2019-09-30 | (m) | $8.63B | $83.00M | $1.11B | $226.00M | (m) | 0.96% | 4.92× | Reported |
| 2019-06-30 | (m) | $8.49B | $73.00M | $1.02B | $215.00M | (m) | 0.86% | 4.75× | Reported |
| 2019-03-31 | (m) | $8.43B | $57.00M | $909.00M | $211.00M | (m) | 0.68% | 4.31× | Reported |
| 2018-12-31 | (m) | $8.41B | $50.00M | $809.00M | $208.00M | (m) | 0.59% | 3.89× | Reported |
| 2018-09-30 | (m) | $8.14B | $34.00M | $641.00M | $203.00M | (m) | 0.42% | 3.16× | Reported |
| 2018-06-30 | (m) | $8.17B | $38.00M | $598.00M | $199.00M | (m) | 0.47% | 3.01× | Reported |
| 2018-03-31 | (m) | $8.16B | $56.00M | $596.00M | $193.00M | (m) | 0.69% | 3.09× | Reported |
| 2017-12-31 | (m) | $8.20B | $67.00M | $738.00M | $188.00M | (m) | 0.82% | 3.93× | Reported |
| 2017-09-30 | (m) | $8.05B | $77.00M | $716.00M | $185.00M | (m) | 0.96% | 3.87× | Reported |
| 2017-06-30 | (m) | $7.98B | $88.00M | $676.00M | $183.00M | (m) | 1.10% | 3.69× | Reported |
| 2017-03-31 | (m) | $7.97B | $102.00M | $688.00M | $184.00M | (m) | 1.28% | 3.74× | Reported |
| 2016-12-31 | (m) | $7.89B | $123.00M | $551.00M | $184.00M | (m) | 1.56% | 2.99× | Reported |
| 2016-09-30 | (m) | $6.93B | $112.00M | $465.00M | $177.00M | (m) | 1.62% | 2.63× | Reported |
| 2016-06-30 | (m) | $6.00B | $98.00M | $491.00M | $167.00M | (m) | 1.63% | 2.94× | Reported |
| 2016-03-31 | (m) | $4.98B | $81.00M | $460.00M | $155.00M | (m) | 1.63% | 2.97× | Reported |
| 2015-12-31 | (m) | $3.83B | $64.00M | $427.00M | $142.00M | (m) | 1.67% | 3.01× | Reported |
| 2015-09-30 | (m) | $3.81B | $56.00M | $564.00M | $137.00M | (m) | 1.47% | 4.12× | Reported |
| 2015-06-30 | (m) | $3.78B | $58.00M | $571.00M | $136.00M | (m) | 1.53% | 4.20× | Reported |
| 2015-03-31 | (m) | $3.79B | $56.00M | $614.00M | $136.00M | (m) | 1.48% | 4.51× | Reported |
| 2014-12-31 | (m) | $3.80B | $52.00M | $647.00M | $135.00M | (m) | 1.37% | 4.79× | Reported |
| 2014-09-30 | (m) | $3.76B | $53.00M | $675.00M | $134.00M | (m) | 1.41% | 5.04× | Reported |
| 2014-06-30 | (m) | $3.75B | $49.00M | $711.00M | $130.00M | (m) | 1.31% | 5.47× | Reported |
| 2014-03-31 | (m) | $3.70B | $44.00M | $730.00M | $127.00M | (m) | 1.19% | 5.75× | Reported |
| 2013-12-31 | (m) | $3.65B | $42.00M | $685.00M | $126.00M | (m) | 1.15% | 5.44× | Reported |
| 2013-09-30 | (m) | $3.61B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | (m) | $3.57B | $36.00M | $-247.00M | $126.00M | (m) | 1.01% | -1.96× | Reported |
| 2013-03-31 | (m) | $3.52B | $35.00M | $-239.00M | $127.00M | (m) | 0.99% | -1.88× | Reported |
| 2012-12-31 | (m) | $3.48B | $32.00M | $-209.00M | $128.00M | (m) | 0.92% | -1.63× | Reported |
| 2012-09-30 | (m) | $3.43B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | (m) | $3.43B | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | (m) | $3.45B | $41.00M | $566.00M | $156.00M | (m) | 1.19% | 3.63× | Reported |
| 2011-09-30 | (m) | $3.47B | $46.00M | $662.00M | $154.00M | (m) | 1.33% | 4.30× | Reported |
| 2011-06-30 | (m) | $3.44B | $46.00M | $678.00M | $156.00M | (m) | 1.34% | 4.35× | Reported |
| 2011-03-31 | (m) | $3.38B | $49.00M | $690.00M | $163.00M | (m) | 1.45% | 4.23× | Reported |
| 2010-12-31 | (m) | $3.34B | $47.00M | $753.00M | $166.00M | (m) | 1.41% | 4.54× | Reported |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | $3.26B | $39.00M | $694.00M | $174.00M | (m) | 1.20% | 3.99× | Reported |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | $2.83B | $40.00M | $503.00M | $105.00M | (m) | 1.41% | 4.79× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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