Willis Towers Watson Public Limited (WTW) Stock Buyback History
TTM buyback yield 6.32% · Shareholder yield (TTM) 6.32%.
TTM buyback yield
6.32%
Shareholder yield (TTM)
6.32%
5Y share count change
-23.8%
TTM buyback spend
$1.75B
SBC coverage (TTM)
11.08x
YoY change in spend
+83.1%
5Y CAGR of spend
N/A
Peak year (2022)
$3.53B
Cumulative spend
$12.71B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Willis Towers Watson Public Limited (WTW) repurchased about $1.75B of stock over the trailing twelve months.
- Diluted share count is down 23.8% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 11.08× — repurchases more than cover SBC dilution.
- TTM repurchases used about 144% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $1.65B | $153.00M | $1.50B | 0.10B | -2.9% | 5.23% |
| 2024 | $901.00M | $121.00M | $780.00M | 0.10B | -3.8% | 2.85% |
| 2023 | $1.00B | $125.00M | $875.00M | 0.11B | -5.4% | 4.03% |
| 2022 | $3.53B | $99.00M | $3.43B | 0.11B | -13.2% | 13.36% |
| 2021 | $1.63B | $101.00M | $1.53B | 0.13B | -0.8% | 5.48% |
| 2020 | $0.00 | $90.00M | −$90.00M | 0.13B | 0.0% | — |
| 2019 | $150.00M | $74.00M | $76.00M | 0.13B | -1.5% | 0.58% |
| 2018 | $602.00M | $54.00M | $548.00M | 0.13B | -2.9% | 3.05% |
| 2017 | $709.00M | $67.00M | $642.00M | 0.14B | -1.4% | 3.54% |
| 2016 | $396.00M | $123.00M | $273.00M | 0.14B | 100.0% | 2.36% |
| 2015 | $82.00M | $64.00M | $18.00M | 0.07B | 1.0% | 0.94% |
| 2014 | $213.00M | $52.00M | $161.00M | 0.07B | 0.5% | 2.69% |
| 2013 | $0.00 | $42.00M | −$42.00M | 0.07B | 4.1% | — |
| 2012 | $100.00M | $32.00M | $68.00M | 0.07B | -1.7% | 1.72% |
| 2011 | $0.00 | $41.00M | −$41.00M | 0.07B | 2.9% | — |
| 2010 | $0.00 | $47.00M | −$47.00M | 0.06B | 1.2% | — |
| 2009 | $0.00 | $39.00M | −$39.00M | 0.06B | 14.2% | — |
| 2008 | $75.00M | $40.00M | $35.00M | 0.06B | 0.7% | 1.82% |
| 2007 | $480.00M | $33.00M | $447.00M | 0.06B | -7.0% | 8.90% |
| 2006 | $211.00M | $18.00K | $210.98M | 0.06B | -3.1% | 3.50% |
| 2005 | $360.00M | $0.00 | $360.00M | 0.06B | -1.8% | 6.21% |
| 2004 | $339.00M | $11.00K | $338.99M | 0.06B | -1.2% | 5.05% |
| 2003 | $1.00M | $20.00K | $980.00K | 0.06B | 2.4% | 0.02% |
| 2002 | $1.00M | $80.00M | −$79.00M | 0.06B | 10.8% | 0.02% |
| 2001 | $284.00M | $0.00 | $284.00M | 0.06B | 22.0% | 8.20% |
| 2000 | $0.00 | $0.00 | $0.00 | 0.05B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Willis Towers Watson Public Limited (WTW) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Willis Towers Watson Public Limited (WTW)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Willis Towers Watson Public Limited (WTW)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.65B | +83.1% | +$749.00M | ||
| 2024 | $901.00M | -9.9% | -$99.00M | ||
| 2023 | $1.00B | -71.7% | -$2.53B | ||
| 2022 | $3.53B | +117.0% | +$1.90B | ||
| 2021 | $1.63B | — | +$1.63B | ||
| 2020 | $0 | -100.0% | -$150.00M | ||
| 2019 | $150.00M | -75.1% | -$452.00M | ||
| 2018 | $602.00M | -15.1% | -$107.00M | ||
| 2017 | $709.00M | +79.0% | +$313.00M | ||
| 2016 | $396.00M | +382.9% | +$314.00M | ||
| 2015 | $82.00M | -61.5% | -$131.00M | ||
| 2014 | $213.00M | — | +$213.00M | ||
| 2013 | $0 | -100.0% | -$100.00M | ||
| 2012 | $100.00M | — | +$100.00M | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$75.00M | ||
| 2008 | $75.00M | -84.4% | -$405.00M | ||
| 2007 | $480.00M | +127.5% | +$269.00M | ||
| 2006 | $211.00M | -41.4% | -$149.00M | ||
| 2005 | $360.00M | +6.2% | +$21.00M | ||
| 2004 | $339.00M | +33800.0% | +$338.00M | ||
| 2003 | $1.00M | 0.0% | $0 | ||
| 2002 | $1.00M | -99.6% | -$283.00M | ||
| 2001 | $284.00M | — | +$284.00M | ||
| 2000 | $0 | — | — |
In 2025, Willis Towers Watson Public Limited (WTW) buyback spend totalled $1.65B – surged 83.1% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Willis Towers Watson Public Limited buyback spend compounded at +35.0% per year, with the latest reading among the more recent periods of the dataset.
Willis Towers Watson Public Limited buyback spend peaked at $3.53B in 2022; the latest annual figure is $1.65B in 2025 (53.3% below peak).
Across the available history, buyback spend reached its high of $3.53B in 2022 and its low of $0 in 2000.
Within Financial Services, Willis Towers Watson Public Limited (WTW) ranks 8th among 8 peers we track. The peer median for buyback spend is $12.87B.
Willis Towers Watson Public Limited Buyback Spend 2025: $1.65B
Willis Towers Watson Public Limited buyback spend in 2025 was $1.65B, surged 83.1% from 2024.
Willis Towers Watson Public Limited Buyback Spend 2024: $901.00M
Willis Towers Watson Public Limited buyback spend in 2024 was $901.00M, declined 9.9% below 2023.
Willis Towers Watson Public Limited Buyback Spend 2023: $1.00B
Willis Towers Watson Public Limited buyback spend in 2023 was $1.00B, plunged 71.7% below 2022.
Willis Towers Watson Public Limited Buyback Spend 2022: $3.53B
Willis Towers Watson Public Limited buyback spend in 2022 was $3.53B, surged 117.0% from 2021. This figure represents the highest annual value in the available history.
Willis Towers Watson Public Limited Buyback Spend 2021: $1.63B
Willis Towers Watson Public Limited buyback spend in 2021 was $1.63B.
See more financial history for Willis Towers Watson Public Limited (WTW).
Sector peers by buyback spend
Companies in the same sector as Willis Towers Watson Public Limited, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $34.59B | Financial Services |
| Bank of America (BAC) | $21.43B | Financial Services |
| Wells Fargo (WFC) | $19.52B | Financial Services |
| Visa (V) | $13.39B | Financial Services |
| Goldman Sachs (GS) | $12.36B | Financial Services |
| Mastercard (MA) | $11.73B | Financial Services |
| Morgan Stanley (MS) | $5.83B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 11.08×.
Capital allocation mix
How Willis Towers Watson Public Limited splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.22B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Willis Towers Watson Public Limited's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Willis Towers Watson Public Limited buy back its own stock?
Yes, Willis Towers Watson Public Limited (WTW) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Willis Towers Watson Public Limited spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $1.75B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Willis Towers Watson Public Limited's buyback yield?
TTM buyback yield is about 6.32% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Willis Towers Watson Public Limited's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 6.32% combined (TTM-based where available).
Is Willis Towers Watson Public Limited diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Willis Towers Watson Public Limited's share count changed?
Diluted weighted average shares changed by about -23.8% over roughly five fiscal years (annual income statement data).
What is Willis Towers Watson Public Limited's buyback spend?
Latest reported buyback spend for Willis Towers Watson Public Limited (WTW) is $1.75B (period ending March 31, 2026).
How has Willis Towers Watson Public Limited buyback spend changed year-over-year?
Willis Towers Watson Public Limited (WTW) buyback spend changed +83.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Willis Towers Watson Public Limited buyback spend?
Willis Towers Watson Public Limited (WTW) buyback spend compound annual growth rate is +35.0% over the most recent 10 years available.
When did Willis Towers Watson Public Limited buyback spend hit its highest annual value?
Willis Towers Watson Public Limited buyback spend reached its highest annual value of $3.53B in 2022.
What was Willis Towers Watson Public Limited buyback spend in 2024?
Willis Towers Watson Public Limited (WTW) buyback spend in 2024 was $901.00M.
What was Willis Towers Watson Public Limited buyback spend in 2025?
Willis Towers Watson Public Limited (WTW) buyback spend in 2025 was $1.65B.
Explore more
WTW Overview
Company profile, financial tools, and key metrics
WTW Revenue Counter
Earns $313.83 every second. See per minute, hour, and day.
WTW Earnings Counter
Earns $52.86 per second net profit. See per minute, hour, and day.
WTW Economic Scale
Exceeds Bermuda's GDP. Compare with world economies.
WTW What If Invested
What if you had invested $1,000? See historical returns from any date.
WTW How It Makes Money
Discover visual breakdown of $9.90B in revenue — where it comes from and where it goes.
WTW Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
WTW Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
WTW Daily Price Character
Steady · 50.9% historical win rate (green days). Streaks & record days.
WTW Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
WTW Dividend Profile
Yield: 1.46%. Safety: 7/8. See full history.
WTW Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
WTW Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
WTW Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
WTW Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.