WTW · 10-Q · 2026Q3 · Full report
Interest Expense Increase
WILLIS TOWERS WATSON PLC · 2026-10-29 · Importance 29 · Surprise 22 · In source text
Interest expense rose 23% year over year to $80 million in the third quarter of 2026 and 21% to $235 million for the first nine months. The nine-month increase was $41 million compared with 2025. WTW attributed the increases primarily to senior notes issued in the fourth quarter of 2025 and interest on current-year drawdowns under its $775 million delayed-draw term loan.
Key facts
- WTW interest expense increased $41 million, or 21%, to $235 million in the nine months ended September 30, 2026, primarily due to new senior notes and DDTL drawdowns. source
- WTW interest expense increased $15 million, or 23%, to $80 million in the three months ended September 30, 2026, primarily due to new senior notes and current-year drawdowns of its $775 million DDTL. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -1.7% | WTW interest expense increased $41 million, or 21%, to $235 million in the nine months ended September 30, 2026, primarily due to new… |
| net_income | negative | realized | -0.6% | WTW interest expense increased $15 million, or 23%, to $80 million in the three months ended September 30, 2026, primarily due to new… |