8-K Announcements
6Jan 30, 2026·SEC
Jan 7, 2026·SEC
Jan 2, 2026·SEC
Aon plc (AON) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Aon plc (AON) stock price & volume — 10-year historical chart
Aon plc (AON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Aon plc (AON) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $6.48vs $6.37+1.7% | $5.0Bvs $5.0B+1.2% |
| Q1 2026 | Jan 30, 2026 | $4.85vs $4.75+2.1% | $4.3Bvs $4.4B-1.8% |
| Q4 2025 | Oct 31, 2025 | $3.05vs $2.91+4.8% | $4.0Bvs $4.0B+1.0% |
| Q3 2025 | Jul 25, 2025 | $3.49vs $3.40+2.6% | $4.2Bvs $4.2B-0.3% |
Aon plc (AON) competitors in Commercial insurance brokerages — business model, growth, and fundamentals comparison
Aon plc (AON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Aon plc (AON) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10B | 10.77B | 11.01B | 11.07B | 12.19B | 12.48B | 13.38B | 15.7B | 17.18B | 17.49B |
| Revenue Growth % | 6.26% | 7.72% | 2.26% | 0.48% | 10.18% | 2.35% | 7.19% | 17.36% | 9.45% | 6.9% |
| Medical Costs & Claims | 6B | 6.1B | 6.05B | 5.91B | 6.74B | 6.48B | 6.9B | 8.28B | 8.98B | 7.72B |
| Medical Cost Ratio % | 60.04% | 56.67% | 54.97% | 53.36% | 55.26% | 51.9% | 51.6% | 52.76% | 52.3% | 44.14% |
| Gross Profit | 4B▲ 0% | 4.67B▲ 16.8% | 4.96B▲ 6.3% | 5.16B▲ 4.1% | 5.46B▲ 5.7% | 6B▲ 10.0% | 6.47B▲ 7.9% | 7.42B▲ 14.5% | 8.2B▲ 10.5% | 9.77B▲ 0% |
| Gross Margin % | 39.96% | 43.33% | 45.03% | 46.64% | 44.74% | 48.1% | 48.4% | 47.24% | 47.7% | 55.85% |
| Gross Profit Growth % | 2.57% | 16.82% | 6.26% | 4.07% | 5.7% | 10.03% | 7.86% | 14.54% | 10.53% | - |
| Operating Expenses | 2.93B | 3.12B | 2.79B | 2.38B | 3.37B | 2.33B | 2.69B | 3.58B | 3.85B | 7.43B |
| OpEx / Revenue % | 29.31% | 29% | 25.33% | 21.51% | 27.6% | 18.7% | 20.1% | 22.81% | 22.42% | 42.5% |
| Depreciation & Amortization | 891M | 769M | 564M | 413M | 326M | 264M | 256M | 686M | 966M | 721M |
| Combined Ratio % | 89.35% | 85.66% | 80.31% | 74.87% | 82.86% | 70.6% | 71.7% | 75.57% | 74.72% | 86.65% |
| Operating Income | 1.06B▲ 0% | 1.54B▲ 45.0% | 2.17B▲ 40.5% | 2.78B▲ 28.2% | 2.09B▼ 24.8% | 3.67B▲ 75.6% | 3.79B▲ 3.2% | 3.83B▲ 1.3% | 4.34B▲ 13.3% | 4.73B▲ 0% |
| Operating Margin % | 10.65% | 14.34% | 19.69% | 25.13% | 17.14% | 29.4% | 28.3% | 24.43% | 25.28% | 27.03% |
| Operating Income Growth % | -41.19% | 44.98% | 40.48% | 28.22% | -24.85% | 75.55% | 3.16% | 1.32% | 13.27% | - |
| EBITDA | 1.96B | 2.31B | 2.73B | 3.19B | 2.42B | 3.93B | 4.04B | 4.52B | 5.31B | 5.45B |
| EBITDA Margin % | 19.56% | 21.48% | 24.82% | 28.86% | 19.81% | 31.52% | 30.21% | 28.8% | 30.91% | 31.16% |
| Interest Expense | 282M | 278M | 307M | 334M | 322M | 406M | 484M | 788M | 815M | 430M |
| Non-Operating Income | 98M | 20M | -8M | -19M | -163M | 107M | 132M | -415M | -38M | -1.11B |
| Pretax Income | 685M▲ 0% | 1.25B▲ 81.9% | 1.87B▲ 50.1% | 2.47B▲ 31.9% | 1.93B▼ 21.7% | 3.16B▲ 63.4% | 3.17B▲ 0.4% | 3.46B▲ 9.2% | 4.76B▲ 37.5% | 5.06B▲ 0% |
| Pretax Margin % | 6.85% | 11.57% | 16.98% | 22.28% | 15.84% | 25.29% | 23.69% | 22.05% | 27.7% | 28.95% |
| Income Tax | 250M | 146M | 297M | 448M | 623M | 510M | 541M | 742M | 1.01B | 1.05B |
| Effective Tax Rate % | 36.5% | 11.72% | 15.88% | 18.17% | 32.26% | 16.16% | 17.07% | 21.43% | 21.2% | 20.84% |
| Net Income | 1.23B▲ 0% | 1.13B▼ 7.5% | 1.53B▲ 35.1% | 1.97B▲ 28.5% | 1.25B▼ 36.3% | 2.59B▲ 106.3% | 2.56B▼ 1.0% | 2.65B▲ 3.5% | 3.69B▲ 39.2% | 3.94B▲ 0% |
| Net Margin % | 12.26% | 10.53% | 13.91% | 17.79% | 10.29% | 20.75% | 19.17% | 16.91% | 21.51% | 22.54% |
| Net Income Growth % | -12.18% | -7.5% | 35.1% | 28.52% | -36.26% | 106.29% | -0.97% | 3.51% | 39.22% | 54.71% |
| EPS (Diluted) | 4.70▲ 0% | 4.59▼ 2.3% | 6.37▲ 38.8% | 8.45▲ 32.7% | 5.55▼ 34.3% | 12.14▲ 118.7% | 12.51▲ 3.0% | 12.49▼ 0.2% | 17.02▲ 36.3% | 18.30▲ 0% |
| EPS Growth % | -8.91% | -2.34% | 38.78% | 32.65% | -34.32% | 118.74% | 3.05% | -0.16% | 36.27% | 55.2% |
| EPS (Basic) | 4.74 | 4.62 | 6.42 | 8.49 | 5.59 | 12.23 | 12.60 | 12.55 | 17.13 | - |
| Diluted Shares Outstanding | 260.7M | 247M | 240.6M | 233.1M | 226.1M | 213.2M | 205M | 212.5M | 216.5M | 215.4M |
Aon plc (AON) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 26.09B | 26.42B | 29.41B | 32.11B | 31.93B | 32.7B | 33.96B | 48.97B | 50.78B | 51.43B |
| Asset Growth % | -1.98% | 1.28% | 11.29% | 9.19% | -0.55% | 2.43% | 3.84% | 44.19% | 3.71% | 14.43% |
| Total Investment Assets | 586M | 226M | 191M | 382M | 356M | 512M | 414M | 10.63B | 1.79B | 4M |
| Long-Term Investments | 57M | 54M | 53M | 74M | 64M | 60M | 45M | 90M | 192M | 456M |
| Short-Term Investments | 529M | 172M | 138M | 308M | 292M | 452M | 369M | 10.54B | 1.6B | 238M |
| Total Current Assets | 13.68B | 14.37B | 16.48B | 18.68B | 19.03B | 20.72B | 21.7B | 23.43B | 25.77B | 26.16B |
| Cash & Equivalents | 756M | 656M | 790M | 884M | 544M | 690M | 778M | 1.08B | 1.2B | 1.18B |
| Receivables | 2.62B | 2.88B | 3.2B | 3.17B | 3.15B | 3.11B | 3.29B | 11.09B | 4.21B | 41.7B |
| Other Current Assets | 9.65B | 10.56B | 12.25B | 14.21B | 14.91B | 16.36B | 17.17B | 581M | 18.77B | 19.66B |
| Goodwill & Intangibles | 10.09B | 9.32B | 8.95B | 9.31B | 8.93B | 8.74B | 8.65B | 21.98B | 21.52B | 87.56B |
| Goodwill | 8.36B | 8.17B | 8.16B | 8.67B | 8.43B | 8.29B | 8.41B | 15.23B | 15.8B | 15.93B |
| Intangible Assets | 1.73B | 1.15B | 783M | 640M | 492M | 447M | 234M | 6.74B | 5.73B | 5.83B |
| PP&E (Net) | 564M | 588M | 1.55B | 1.6B | 1.31B | 1.26B | 1.31B | 1.36B | 1.38B | 1.39B |
| Other Assets | 1.31B | 1.53B | 1.63B | 1.73B | 1.81B | 1.1B | 1.05B | 1.46B | 1.17B | 1.39B |
| Total Liabilities | 21.44B | 22.2B | 25.96B | 28.52B | 30.77B | 33.13B | 34.7B | 42.53B | 41.24B | 41.45B |
| Total Debt | 6.12B | 6.41B | 8.57B | 8.93B | 10.42B | 11.68B | 12.03B | 17.89B | 16.53B | 15.3B |
| Net Debt | 5.36B | 5.76B | 7.78B | 8.04B | 9.88B | 10.99B | 11.25B | 16.81B | 15.34B | 14.12B |
| Long-Term Debt | 5.67B | 5.99B | 6.63B | 7.28B | 8.23B | 9.82B | 9.99B | 16.27B | 15.3B | 14.18B |
| Short-Term Debt | 299M | 251M | 712M | 448M | 1.16B | 945M | 1.2B | 751M | 589M | 1.12B |
| Total Current Liabilities | 12.76B | 13.3B | 15.57B | 17.42B | 19.07B | 20.31B | 21.65B | 23B | 23.23B | 24.54B |
| Accounts Payable | 1.96B | 1.94B | 1.94B | 2.02B | 2.19B | 2.11B | 2.26B | 2.9B | 2.86B | 0 |
| Deferred Revenue | 311M | 251M | 270M | 296M | 321M | 250M | 270M | 280M | 0 | 0 |
| Other Current Liabilities | 10.04B | 10.77B | 12.35B | 14.35B | 15.03B | 16.62B | 17.44B | 18.61B | 19.78B | 23.42B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.41B |
| Other Liabilities | 2.69B | 2.5B | 2.48B | 2.52B | 2.17B | 2.15B | 2.26B | 2.24B | 1.44B | 2.39B |
| Total Equity | 4.65B▲ 0% | 4.22B▼ 9.2% | 3.45B▼ 18.3% | 3.58B▲ 3.9% | 1.16B▼ 67.7% | -429M▼ 137.0% | -742M▼ 73.0% | 6.43B▲ 966.6% | 9.55B▲ 48.5% | 9.96B▲ 0% |
| Equity Growth % | -15.98% | -9.23% | -18.25% | 3.89% | -67.68% | -137.05% | -72.96% | 966.58% | 48.49% | 140.57% |
| Shareholders Equity | 4.58B | 4.15B | 3.38B | 3.5B | 1.06B | -529M | -826M | 6.12B | 9.35B | 9.83B |
| Minority Interest | 65M | 68M | 74M | 88M | 97M | 100M | 84M | 309M | 196M | 22M |
| Retained Earnings | 2.3B | 2.09B | 1.25B | 1.04B | -1.69B | -2.77B | -3.4B | -2.31B | -245M | 307M |
| Common Stock | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M |
| Accumulated OCI | -3.5B | -3.91B | -4.03B | -3.86B | -3.87B | -4.62B | -4.37B | -4.75B | -3.84B | -3.93B |
| Return on Equity (ROE) | 24.09% | 25.58% | 39.96% | 56% | 52.94% | 710.29% | - | 93.32% | 46.25% | 44.16% |
| Return on Assets (ROA) | 4.65% | 4.32% | 5.49% | 6.4% | 3.92% | 8.01% | 7.69% | 6.4% | 7.41% | 7.59% |
| Equity / Assets | 17.82% | 15.97% | 11.73% | 11.16% | 3.63% | -1.31% | -2.18% | 13.13% | 18.8% | 19.36% |
| Debt / Equity | 1.32x | 1.52x | 2.48x | 2.49x | 9.00x | - | - | 2.78x | 1.73x | 1.73x |
| Book Value per Share | 17.83 | 17.08 | 14.33 | 15.37 | 5.12 | -2.01 | -3.62 | 30.26 | 44.10 | 46.23 |
| Tangible BV per Share | -20.88 | -20.65 | -22.86 | -24.55 | -34.36 | -43.00 | -45.80 | -73.16 | -55.32 | -54.75 |
Aon plc (AON) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 734M | 1.69B | 1.83B | 2.78B | 2.18B | 3.22B | 3.44B | 3.04B | 3.48B | 3.48B |
| Operating CF Growth % | -68.44% | 129.7% | 8.84% | 51.66% | -21.6% | 47.53% | 6.71% | -11.64% | 14.7% | 292.05% |
| Operating CF / Revenue % | 7.34% | 15.65% | 16.66% | 25.15% | 17.9% | 25.8% | 25.68% | 19.33% | 20.26% | 19.91% |
| Net Income | 1.26B | 1.17B | 1.57B | 2.02B | 1.31B | 2.65B | 2.56B | 2.72B | 3.69B | 3.94B |
| Depreciation & Amortization | 891M | 769M | 564M | 413M | 326M | 264M | 256M | 686M | 966M | 919M |
| Stock-Based Compensation | 319M | 338M | 317M | 312M | 449M | 397M | 438M | 474M | 0 | 307M |
| Deferred Taxes | -8M | -225M | -36M | 9M | 11M | -252M | -373M | -311M | 0 | -168M |
| Other Non-Cash Items | -747M | -68M | -12M | -26M | -142M | 116M | 88M | -471M | -988M | -2.19B |
| Working Capital Changes | -984M | -302M | -571M | 57M | 230M | 48M | 462M | -63M | -192M | 908M |
| Cash from Investing | 2.79B | 31M | -229M | -679M | 49M | -449M | -188M | -2.83B | 286M | 1.58B |
| Capital Expenditures | -183M | -240M | -225M | -141M | -137M | -196M | -252M | -218M | -263M | -274M |
| Acquisitions | 3.22B | -68M | 13M | -338M | 204M | -81M | -30M | -2.81B | 1.96B | 2.21B |
| Purchase of Investments | -296M | -80M | -113M | -264M | -91M | -282M | -67M | -172M | -1.55B | -27M |
| Sale/Maturity of Investments | 68M | 419M | 96M | 64M | 73M | 110M | 161M | 363M | 145M | -5M |
| Other Investing | -19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -328M |
| Cash from Financing | -3.27B | -1.7B | -247M | -1.77B | -1.92B | -1.79B | -2.87B | 796M | -4.21B | -4.3B |
| Dividends Paid | -364M | -382M | -410M | -412M | -447M | -463M | -489M | -562M | -629M | -644M |
| Share Repurchases | -2.4B | -1.47B | -1.96B | -1.76B | -3.54B | -3.2B | -2.7B | -1B | -1B | -750M |
| Stock Issued | 0 | 0 | 0 | 0 | 55M | 58M | 72M | 79M | 70M | 40M |
| Debt Issuance (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -3M |
| Other Financing | -157M | -184M | 1.01B | 132M | 258M | 416M | -115M | -128M | -772M | -475M |
| Net Change in Cash | 325M▲ 0% | -100M▼ 130.8% | 1.42B▲ 1522.0% | 629M▼ 55.8% | 72M▼ 88.6% | 431M▲ 498.6% | 646M▲ 49.9% | 611M▼ 5.4% | 240M▼ 60.7% | 2.48B▲ 0% |
| Exchange Rate Effect | 69M | -118M | 63M | 297M | -235M | -549M | 264M | -387M | 678M | 1.43B |
| Cash at Beginning | 431M | 756M | 4.52B | 5.94B | 6.57B | 6.64B | 7.08B | 7.72B | 8.33B | 8.57B |
| Cash at End | 756M | 656M | 5.94B | 6.57B | 6.64B | 7.08B | 7.72B | 8.33B | 8.57B | 9.46B |
| Free Cash Flow | 551M▲ 0% | 1.45B▲ 162.4% | 1.61B▲ 11.3% | 2.64B▲ 64.1% | 2.04B▼ 22.6% | 3.02B▲ 47.8% | 3.18B▲ 5.3% | 2.82B▼ 11.5% | 3.22B▲ 14.2% | 3.5B▲ 0% |
| FCF Growth % | -73.81% | 162.43% | 11.34% | 64.1% | -22.6% | 47.82% | 5.29% | -11.5% | 14.24% | 32.46% |
| FCF Margin % | 5.51% | 13.43% | 14.62% | 23.87% | 16.77% | 24.22% | 23.8% | 17.94% | 18.73% | 20% |
| FCF per Share | 2.11 | 5.85 | 6.69 | 11.33 | 9.04 | 14.18 | 15.53 | 13.26 | 14.86 | 14.86 |
Aon plc (AON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 89.35% | 85.66% | 80.31% | 74.87% | 82.86% | 70.6% | 71.7% | 75.57% | 74.72% | 86.65% |
| Medical Cost Ratio | 60.04% | 56.67% | 54.97% | 53.36% | 55.26% | 51.9% | 51.6% | 52.76% | 52.3% | 44.14% |
| Return on Equity (ROE) | 24.09% | 25.58% | 39.96% | 56% | 52.94% | 710.29% | - | 93.32% | 46.25% | 44.16% |
| Return on Assets (ROA) | 4.65% | 4.32% | 5.49% | 6.4% | 3.92% | 8.01% | 7.69% | 6.4% | 7.41% | 7.59% |
| Equity / Assets | 17.82% | 15.97% | 11.73% | 11.16% | 3.63% | -1.31% | -2.18% | 13.13% | 18.8% | 19.36% |
| Book Value / Share | 17.83 | 17.08 | 14.33 | 15.37 | 5.12 | -2.01 | -3.62 | 30.26 | 44.1 | 46.23 |
| Debt / Equity | 1.32x | 1.52x | 2.48x | 2.49x | 9.00x | - | - | 2.78x | 1.73x | 1.73x |
| Revenue Growth | 6.26% | 7.72% | 2.26% | 0.48% | 10.18% | 2.35% | 7.19% | 17.36% | 9.45% | 6.9% |
Aon plc (AON) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jan 30, 2026·SEC
Jan 7, 2026·SEC
Jan 2, 2026·SEC
Aon plc (AON) stock FAQ — growth, dividends, profitability & financials explained
Aon plc (AON) grew revenue by 9.4% over the past year. This is steady growth.
Yes, Aon plc (AON) is profitable, generating $3.94B in net income for fiscal year 2025 (21.5% net margin).
Yes, Aon plc (AON) pays a dividend with a yield of 0.94%. This makes it attractive for income-focused investors.
Aon plc (AON) has a return on equity (ROE) of 46.3%. This is excellent, indicating efficient use of shareholder capital.
Aon plc (AON) has a combined ratio of 74.7%. A ratio below 100% indicates underwriting profitability.
Aon plc (AON) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates