Buyback yield (TTM)
6.32%
Shareholder yield (TTM)
7.62%
5Y share count change
-23.8%
Buyback spend (TTM)
$1.75B
Cumulative buybacks
$12.71B
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.
Dividend & buyback yield over time for Willis Towers Watson Public Limited (WTW)
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.
Diluted vs basic shares (annual) for Willis Towers Watson Public Limited (WTW)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Willis Towers Watson Public Limited (WTW)
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.
Cash buyback spend over time for Willis Towers Watson Public Limited (WTW)
Latest: $1.65B
Overview
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 mixed annual results across the window.
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 $0.00 in 2000.
Willis Towers Watson Public Limited Buyback Spend 2025: $1.65B
Willis Towers Watson Public Limited posted buyback spend of $1.65B in 2025, surged 83.1% from 2024.
Willis Towers Watson Public Limited Buyback Spend 2024: $901.00M
In 2024, Willis Towers Watson Public Limited reported buyback spend of $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
2022's buyback spend for Willis Towers Watson Public Limited came in at $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.65B | $153.00M | $1.50B | 5.23% | 0.10B | -2.9% | |
| 2024 | $901.00M | $121.00M | $780.00M | 2.85% | 0.10B | -3.8% | |
| 2023 | $1.00B | $125.00M | $875.00M | 4.03% | 0.11B | -5.4% | |
| 2022 | $3.53B | $99.00M | $3.43B | 13.36% | 0.11B | -13.2% | |
| 2021 | $1.63B | $101.00M | $1.53B | 5.48% | 0.13B | -0.8% | |
| 2020 | $0.00 | $90.00M | −$90.00M | — | 0.13B | 0.0% | |
| 2019 | $150.00M | $74.00M | $76.00M | 0.58% | 0.13B | -1.5% | |
| 2018 | $602.00M | $54.00M | $548.00M | 3.05% | 0.13B | -2.9% | |
| 2017 | $709.00M | $67.00M | $642.00M | 3.54% | 0.14B | -1.4% | |
| 2016 | $396.00M | $123.00M | $273.00M | 2.36% | 0.14B | +100.0% | |
| 2015 | $82.00M | $64.00M | $18.00M | 0.94% | 0.07B | +1.0% | |
| 2014 | $213.00M | $52.00M | $161.00M | 2.69% | 0.07B | +0.5% | |
| 2013 | $0.00 | $42.00M | −$42.00M | — | 0.07B | +4.1% | |
| 2012 | $100.00M | $32.00M | $68.00M | 1.72% | 0.07B | -1.7% | |
| 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 | 1.82% | 0.06B | +0.7% | |
| 2007 | $480.00M | $33.00M | $447.00M | 8.90% | 0.06B | -7.0% | |
| 2006 | $211.00M | $18.00K | $210.98M | 3.50% | 0.06B | -3.1% | |
| 2005 | $360.00M | $0.00 | $360.00M | 6.21% | 0.06B | -1.8% | |
| 2004 | $339.00M | $11.00K | $338.99M | 5.05% | 0.06B | -1.2% | |
| 2003 | $1.00M | $20.00K | $980.00K | 0.02% | 0.06B | +2.4% | |
| 2002 | $1.00M | $80.00M | −$79.00M | 0.02% | 0.06B | +10.8% | |
| 2001 | $284.00M | $0.00 | $284.00M | 8.20% | 0.06B | +22.0% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.05B | — |
- 2025$1.65B
- 2024$901.00M
- 2023$1.00B
- 2022$3.53B
- 2021$1.63B
- 2020$0.00
- 2019$150.00M
- 2018$602.00M
- 2017$709.00M
- 2016$396.00M
- 2015$82.00M
- 2014$213.00M
- 2013$0.00
- 2012$100.00M
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$75.00M
- 2007$480.00M
- 2006$211.00M
- 2005$360.00M
- 2004$339.00M
- 2003$1.00M
- 2002$1.00M
- 2001$284.00M
- 2000$0.00
Buybacks vs stock-based compensation for Willis Towers Watson Public Limited (WTW)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 11.08×.
Buybacks vs dividends (share of cash returned) for Willis Towers Watson Public Limited (WTW)
How Willis Towers Watson Public Limited splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Willis Towers Watson Public Limited, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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).
Frequently asked questions
Data & methodology
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