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Side-by-side financial comparison of Tapestry, Inc. (TPR) and Willis Towers Watson (WTW). Click either name above to swap in a different company.
Willis Towers Watson is the larger business by last-quarter revenue ($2.4B vs $1.9B, roughly 1.3× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 17.9% vs 12.6%, a 5.3% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (21.0% vs 8.5%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (9.9% CAGR vs 4.3%).
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
Willis Towers Watson plc is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.
TPR vs WTW — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.4B |
| Net Profit | $343.8M | $303.0M |
| Gross Margin | 76.9% | — |
| Operating Margin | 22.3% | 18.6% |
| Net Margin | 17.9% | 12.6% |
| Revenue YoY | 21.0% | 8.5% |
| Net Profit YoY | — | 27.0% |
| EPS (diluted) | $1.65 | $3.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.9B | $2.4B | ||
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B |
| Q1 26 | $343.8M | $303.0M | ||
| Q4 25 | $561.3M | $735.0M | ||
| Q3 25 | $274.8M | $304.0M | ||
| Q2 25 | $-517.1M | $331.0M | ||
| Q1 25 | $203.3M | $235.0M | ||
| Q4 24 | $310.4M | $1.2B | ||
| Q3 24 | $186.6M | $-1.7B | ||
| Q2 24 | $159.3M | $141.0M |
| Q1 26 | 76.9% | — | ||
| Q4 25 | 75.5% | — | ||
| Q3 25 | 76.3% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 76.1% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 75.3% | — | ||
| Q2 24 | 74.9% | — |
| Q1 26 | 22.3% | 18.6% | ||
| Q4 25 | 28.6% | 35.3% | ||
| Q3 25 | 19.3% | 18.7% | ||
| Q2 25 | -33.9% | 16.6% | ||
| Q1 25 | 16.0% | 19.8% | ||
| Q4 24 | 22.4% | 30.2% | ||
| Q3 24 | 16.7% | -34.2% | ||
| Q2 24 | 14.8% | 9.6% |
| Q1 26 | 17.9% | 12.6% | ||
| Q4 25 | 22.4% | 25.5% | ||
| Q3 25 | 16.1% | 13.6% | ||
| Q2 25 | -30.0% | 14.9% | ||
| Q1 25 | 12.8% | 10.8% | ||
| Q4 24 | 14.1% | 41.7% | ||
| Q3 24 | 12.4% | -74.8% | ||
| Q2 24 | 10.0% | 6.4% |
| Q1 26 | $1.65 | $3.10 | ||
| Q4 25 | $2.68 | $7.50 | ||
| Q3 25 | $1.28 | $3.11 | ||
| Q2 25 | $-2.30 | $3.32 | ||
| Q1 25 | $0.95 | $2.33 | ||
| Q4 24 | $1.38 | $12.29 | ||
| Q3 24 | $0.79 | $-16.44 | ||
| Q2 24 | $0.67 | $1.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $1.9B |
| Total DebtLower is stronger | $2.4B | $6.3B |
| Stockholders' EquityBook value | $682.4M | $8.1B |
| Total Assets | $6.5B | $29.6B |
| Debt / EquityLower = less leverage | 3.48× | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $1.9B | ||
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $743.2M | $1.9B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $7.3B | $1.4B | ||
| Q2 24 | $7.2B | $1.2B |
| Q1 26 | $2.4B | $6.3B | ||
| Q4 25 | $2.4B | $9.7B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $8.6B | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | — |
| Q1 26 | $682.4M | $8.1B | ||
| Q4 25 | $551.2M | $8.0B | ||
| Q3 25 | $399.5M | $7.7B | ||
| Q2 25 | $857.8M | $8.1B | ||
| Q1 25 | $1.5B | $8.1B | ||
| Q4 24 | $1.3B | $7.9B | ||
| Q3 24 | $3.0B | $7.5B | ||
| Q2 24 | $2.9B | $9.3B |
| Q1 26 | $6.5B | $29.6B | ||
| Q4 25 | $6.5B | $29.5B | ||
| Q3 25 | $6.4B | $27.4B | ||
| Q2 25 | $6.6B | $28.5B | ||
| Q1 25 | $7.3B | $28.1B | ||
| Q4 24 | $7.3B | $27.7B | ||
| Q3 24 | $13.7B | $27.2B | ||
| Q2 24 | $13.4B | $29.6B |
| Q1 26 | 3.48× | 0.78× | ||
| Q4 25 | 4.32× | 1.21× | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | 1.08× | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TPR
Segment breakdown not available.
WTW
| Bps The HWC segment had | $1.3B | 53% |
| Bps The R&B segment had | $1.1B | 46% |
