WTW · 10-Q · 2026Q3 · Full report
Capital Expenditures
WILLIS TOWERS WATSON PLC · 2026-10-29 · Importance 25 · Surprise 6 · Contradicted
WTW spent $178 million on fixed-asset and software capital expenditures during the first nine months of 2026. It estimated another $50 million to $75 million of such expenditures for the remainder of 2026. The company expects cash from operations to provide for these expenditures and reported no material changes in capital commitments since December 31, 2025.
Key facts
- WTW capital expenditures for fixed assets and software were $178 million in the nine months ended September 30, 2026, with an estimated additional $50 million to $75 million for the remainder of 2026. source
- WTW net additions to fixed assets and software were $149 million for the nine months ended September 30, 2026, compared with $166 million in the prior-year period. source
- WTW used $1.3 billion in investing activities in the nine months ended September 30, 2026, primarily for the Newfront and Cushon acquisitions, capital expenditures and contributions to investments in associates. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.3% | WTW used $1.3 billion in investing activities in the nine months ended September 30, 2026, primarily for the Newfront and Cushon… |
| cash | negative | realized | -0.6% | WTW capital expenditures for fixed assets and software were $178 million in the nine months ended September 30, 2026, with an estimated… |
| cash | negative | committed | -0.2% | WTW capital expenditures for fixed assets and software were $178 million in the nine months ended September 30, 2026, with an estimated… |
| cash | positive | realized | +0.1% | WTW net additions to fixed assets and software were $149 million for the nine months ended September 30, 2026, compared with $166 million… |