Willis Towers Watson

Q2 FY2026 EarningsQ2 FY2026 results showed robust performance with adjusted figures beating consensus across the board: adjusted revenue of $2.47B beat the $2.41B estimate, and adjusted EPS of $3.35 exceeded the $3.11 mean forecast. Despite a GAAP net income miss due to high Newfront acquisition-related costs ($61M), organic revenue grew 5% and adjusted operating margins expanded 100 bps YoY to 19.5%. Management reaffirmed FY2026 guidance and introduced a new 30% margin target for 2028 under the 'Propel' AI acceleration plan.