WTW第三季度营收24.6亿美元增8%：净利3.09亿美元，调整后每股收益3.63美元增18%，两大分部均增长
全球咨询与保险经纪公司 WTW（Nasdaq: WTW）于 2026 年 10 月 29 日公布截至 9 月 30 日的第三季度业绩：营收 24.6 亿美元，同比增长 8%，按有机口径增长 4%；净利 3.09 亿美元，略高于去年同期的 3.06 亿美元。
盈利能力方面，公司第三季度营业利润为 4.29 亿美元，营业利润率 17.4%；调整后营业利润 5.39 亿美元，调整后营业利润率升至 21.9%，同比提高 150 个基点。摊薄每股收益 3.24 美元，同比增长 4%；调整后摊薄每股收益 3.63 美元，同比增长 18%。调整后 EBITDA 为 5.77 亿美元，占营收 23.5%，同比增长 12%。
首席执行官 Carl Hess 表示，公司在动荡的市场环境中又交出一个季度的稳健业绩，体现了业务的实力与韧性；人才、技术与创新方面的投入正在形成市场差异化，并为全公司保持增长势头提供支撑，公司对持续创造长期价值有信心。
分部方面，健康、财富与职业分部（HWC）营收 13.5 亿美元，同比增长 7%，有机增长 4%，营业利润率升至 29.5%；其中健康业务在所有地区均实现有机增长，财富业务受北美以外退休业务与新客户推动，职业业务则受薪酬调查销售回升带动。
风险与经纪分部（R&B）营收 10.87 亿美元，同比增长 8%，有机增长 5%，营业利润率升至 19.8%；企业风险与经纪业务受北美与国际市场新业务活跃推动，保险咨询与技术业务则受技术板块软件销售强劲带动。
现金流方面，公司今年前九个月经营活动现金流为 12 亿美元，自由现金流 11 亿美元，同比增加 2.26 亿美元，主要受营业利润率扩张推动；第三季度内公司回购了 687,386 股普通股，耗资 2.2 亿美元。公司并预计全年回购规模将超过 10 亿美元（视市场情况而定）。
WTW 总部位于 London，业务覆盖 140 多个国家与市场，为企业提供人员、风险与资本三大领域的数据驱动解决方案，包括保险经纪、员工福利、退休与人才咨询等。
WTW Third-Quarter Revenue Rises 8% to $2.46 Billion: Net Income $309 Million, Adjusted EPS Up 18% to $3.63
WTW (NASDAQ: WTW), the global advisory, broking and solutions company, on October 29, 2026 reported financial results for the third quarter ended September 30, 2026: revenue was $2.46 billion, an increase of 8% compared with $2.29 billion in the prior-year quarter, and up 4% on an organic basis. Net income was $309 million, compared with $306 million a year earlier.
Operating income was $429 million, for an operating margin of 17.4%. Adjusted operating income rose to $539 million and the adjusted operating margin improved 150 basis points to 21.9%. Diluted earnings per share were $3.24, up 4%, while adjusted diluted EPS rose 18% to $3.63. Adjusted EBITDA was $577 million, or 23.5% of revenue, an increase of 12%.
Chief Executive Officer Carl Hess said WTW delivered another quarter of solid results in the face of a volatile market environment, reflecting the strength and resilience of the business, and that investments in talent, technology and innovation are differentiating WTW in the market and sustaining momentum, giving the company confidence in its ability to create durable long-term value.
By segment, Health, Wealth & Career revenue was $1.35 billion, up 7% as reported and 4% organically, with an operating margin of 29.5%. Health delivered organic growth across all regions, Wealth grew on Retirement strength outside North America and new client wins, and Career growth was driven mainly by higher compensation survey sales.
Risk & Broking revenue was $1.09 billion, up 8% as reported and 5% organically, with an operating margin of 19.8%. Corporate Risk & Broking posted organic growth on strong new business activity in North America and International markets, while Insurance Consulting and Technology grew on strong software sales in its Technology practice.
Cash flows from operating activities were $1.2 billion for the first nine months of 2026, and free cash flow was $1.1 billion, an increase of $226 million driven primarily by operating margin expansion. During the third quarter the company repurchased 687,386 shares for $220 million, and it expects full-year share repurchases in excess of $1.0 billion, subject to market conditions.
Headquartered in London, WTW serves more than 140 countries and markets, providing data-driven, insight-led solutions across people, risk and capital, including insurance broking, employee benefits, retirement and talent advisory services.
来源：GSM·美国（原文链接）
图片来源：图：位于 Chicago 的 Willis Tower，该楼以 WTW 前身 Willis 集团命名（资料图）。照片：Ken Lund 摄，CC BY-SA 2.0，经 Wikimedia Commons。 / The Willis Tower in Chicago, named for the Willis Group, a predecessor of WTW (file photo). Photo: Ken Lund, CC BY-SA 2.0, via Wikimedia Commons.
