Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 18.57% is 19% above its 5-year average of 15.59%, around the middle of its 5-year range (-33.46%–57.32%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.33% below its 12-month average of 21.43%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
18.57%
OPERATING MARGIN AVG TTM
21.43%
OPERATING MARGIN AVG 3Y
16.08%
OPERATING MARGIN AVG 5Y
15.98%
OPERATING MARGIN AVG 10Y
12.60%
OPERATING MARGIN AVG 15Y
13.68%
OPERATING MARGIN AVG 20Y
15.59%
CURRENT VS TTM AVG
-13.33%
CURRENT VS 3Y AVG
+15.49%
CURRENT VS 5Y AVG
+16.26%
CURRENT VS 10Y AVG
+47.44%
CURRENT VS 15Y AVG
+35.74%
CURRENT VS 20Y AVG
+19.12%
SECTOR MEDIAN · FINANCIAL SERVICES
22.96%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-19.10%
vs the sector median at left
Willis Towers Watson Public Limited Company
Market Cap
$27.87B
Operating Margin
18.57%
TTM Avg
21.43%
3Y Avg
16.08%
5Y Avg
15.98%
Market Cap
$28.09B
Operating Margin
16.24%
TTM Avg
16.23%
3Y Avg
15.58%
5Y Avg
14.10%
Market Cap
$28.28B
Operating Margin
26.68%
TTM Avg
24.40%
3Y Avg
15.24%
5Y Avg
19.88%
Market Cap
$26.34B
Operating Margin
29.77%
TTM Avg
26.83%
3Y Avg
30.14%
5Y Avg
31.51%
Market Cap
$29.83B
Operating Margin
34.30%
TTM Avg
29.47%
3Y Avg
24.84%
5Y Avg
23.62%
Market Cap
$30.40B
Operating Margin
23.64%
TTM Avg
18.09%
3Y Avg
20.53%
5Y Avg
23.61%
Market Cap
$24.96B
Operating Margin
30.18%
TTM Avg
31.41%
3Y Avg
32.53%
5Y Avg
37.12%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company (WTW) | $27.87B | 18.57% | 21.43% | 16.08% | 15.98% |
| W. R. Berkley Corporation (WRB)vs › | $28.09B | 16.24% | 16.23% | 15.58% | 14.10% |
| Cincinnati Financial Corporation (CINF)vs › | $28.28B | 26.68% | 24.40% | 15.24% | 19.88% |
| Regions Financial Corporation (RF)vs › | $26.34B | 29.77% | 26.83% | 30.14% | 31.51% |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.83B | 34.30% | 29.47% | 24.84% | 23.62% |
| Citizens Financial Group, Inc. (CFG)vs › | $30.40B | 23.64% | 18.09% | 20.53% | 23.61% |
| T. Rowe Price Group, Inc. (TROW)vs › | $24.96B | 30.18% | 31.41% | 32.53% | 37.12% |
| KeyCorp (KEY)vs › | $24.45B | 18.05% | 8.61% | 14.51% | 20.70% |
| Loews Corporation (L)vs › | $24.26B | 12.62% | 11.71% | 11.02% | 8.19% |
| Synchrony Financial (SYF)vs › | $23.71B | 22.85% | 23.05% | 23.22% | 25.99% |
Gross Margin
38.2%
Operating Margin
18.6%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 18.57% |
| 2025-12-31 | 34.60% |
| 2025-09-30 | 18.27% |
| 2025-06-30 | 16.28% |
| 2025-03-31 | 19.43% |
| 2024-12-31 | 29.69% |
| 2024-09-30 | -33.46% |
| 2024-06-30 | 9.36% |
| 2024-03-31 | 11.96% |
| 2023-12-31 | 26.73% |
| 2023-09-30 | 7.34% |
| 2023-06-30 | 6.58% |
| 2023-03-31 | 12.70% |
| 2022-12-31 | 26.01% |
| 2022-09-30 | 7.89% |
| 2022-06-30 | 6.75% |
| 2022-03-31 | 8.29% |
| 2021-12-31 | 25.50% |
| 2021-09-30 | 57.32% |
| 2021-06-30 | 8.13% |
| 2021-03-31 | 9.47% |
| 2020-12-31 | 21.24% |
| 2020-09-30 | 3.48% |
| 2020-06-30 | 7.71% |
| 2020-03-31 | 14.60% |
| 2019-12-31 | 25.54% |
| 2019-09-30 | 5.38% |
| 2019-06-30 | 8.59% |
| 2019-03-31 | 15.53% |
| 2018-12-31 | 19.81% |
| 2018-09-30 | 0.91% |
| 2018-06-30 | 3.17% |
| 2018-03-31 | 11.30% |
| 2017-12-31 | 5.29% |
| 2017-09-30 | -1.40% |
| 2017-06-30 | 3.12% |
| 2017-03-31 | 17.29% |
| 2016-12-31 | 4.57% |
| 2016-09-30 | 0.06% |
| 2016-06-30 | 6.98% |
| 2016-03-31 | 14.59% |
| 2015-12-31 | 0.21% |
| 2015-09-30 | 3.19% |
| 2015-06-30 | 11.39% |
| 2015-03-31 | 26.95% |
| 2014-12-31 | 14.51% |
| 2014-09-30 | 4.19% |
| 2014-06-30 | 15.83% |
| 2014-03-31 | 29.72% |
| 2013-12-31 | 16.54% |
| 2013-09-30 | 8.81% |
| 2013-06-30 | 18.76% |
| 2013-03-31 | 26.74% |
| 2012-12-31 | -88.98% |
| 2012-09-30 | 9.28% |
| 2012-06-30 | 21.26% |
| 2012-03-31 | 31.29% |
| 2011-12-31 | 9.95% |
| 2011-09-30 | 11.84% |
| 2011-06-30 | 18.12% |
| 2011-03-31 | 23.73% |
| 2010-12-31 | 21.20% |
| 2010-09-30 | 14.46% |
| 2010-06-30 | 21.15% |
| 2010-03-31 | 30.97% |
| 2009-12-31 | 21.00% |
| 2009-09-30 | 11.31% |
| 2009-06-30 | 21.05% |
| 2009-03-31 | 29.46% |
| 2008-12-31 | 17.02% |
| 2008-09-30 | 11.40% |
| 2008-06-30 | 11.65% |
| 2008-03-31 | 28.30% |
| 2007-12-31 | 23.63% |
| 2007-09-30 | 16.20% |
| 2007-06-30 | 22.04% |
| 2007-03-31 | 32.21% |
| 2006-12-31 | 21.26% |
| 2006-09-30 | 17.86% |
| 2006-06-30 | 20.07% |
| 2006-03-31 | 30.40% |
| 2005-12-31 | 19.04% |
| 2005-09-30 | 13.55% |
| 2005-06-30 | 36.25% |
| 2005-03-31 | 14.05% |
| 2004-12-31 | 28.91% |
| 2004-09-30 | 22.24% |
| 2004-06-30 | 28.76% |
| 2004-03-31 | 35.19% |
| 2003-12-31 | 33.28% |
| 2003-09-30 | 23.45% |
| 2003-06-30 | 27.64% |
| 2003-03-31 | 33.51% |
| 2002-12-31 | 40.79% |
| 2002-09-30 | 16.41% |
| 2002-06-30 | 7.30% |
