Aon PLC AON
$334.81 −$9.59 (-2.78%)
Pre-market · Nov 9, 4:50 am ET · After hours $334.81 0.00%
Open$333.62
Prev close$344.40
Day range$332.12 – $338.81
Volume977.9K
Market cap$71.03B
P/E (TTM)18.3
Dividend yield0.93%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$4.10B+2.6% YoY
Operating profit$902.00M+6.4% YoY
Net profit$486.00M+3.4% YoY
Diluted EPS$2.23+5.7% YoY
Free cash flow$1.10B+1.7% YoY
Operating cash flow$1.19B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin48.8%
Operating margin28.6%
Net margin22.2%
Return on equity43.6%
Return on assets6.7%
Return on invested capital13.9%
Current ratio1.58
Liabilities / assets84.3%
Cash & investments$15.32B
Total debt$28.77B
Net cash (debt)-$13.46B
Free cash flow / sales18.5%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $4.10B | $4.25B | $5.03B | $17.18B | $4.30B |
| Total Operating Revenue | $4.10B | $4.25B | $5.03B | $17.18B | $4.30B |
| Cost of Revenue | $2.28B | $2.27B | $2.39B | $8.99B | $2.12B |
| Gross Profit | $1.83B | $1.98B | $2.64B | $8.20B | $2.18B |
| Operating Expense | $924.00M | $964.00M | $834.00M | $3.49B | $846.00M |
| Selling and Admin Expenses | $544.00M | $579.00M | $492.00M | $1.95B | $457.00M |
| -General & Admin Expense | $544.00M | $579.00M | $492.00M | $1.95B | $457.00M |
| Depreciation & Amortization & Depletion | $224.00M | $223.00M | $198.00M | $966.00M | $233.00M |
| -Depreciation & Amortization | $224.00M | $223.00M | $198.00M | $966.00M | $233.00M |
| Other Operating Expenses | $156.00M | $162.00M | $144.00M | $568.00M | $156.00M |
| Operating Profit | $902.00M | $1.01B | $1.81B | $4.71B | $1.34B |
| Net Non-Operating Interest Income (Expense) | -$182.00M | -$174.00M | -$167.00M | -$796.00M | -$177.00M |
| Non-Operating Interest Income | $24.00M | $5.00M | $12.00M | $19.00M | $14.00M |
| Non-Operating Interest Expense | $206.00M | $179.00M | $179.00M | $815.00M | $191.00M |
| Other Income (Expense) | -$108.00M | -$113.00M | -$87.00M | $846.00M | $1.05B |
| Gain on Sale of Security | -$2.00M | – | – | -$21.00M | -$113.00M |
| Earnings from Equity Interest | $2.00M | -$2.00M | $0.00 | $10.00M | $5.00M |
| Special Income (Charges) | -$93.00M | -$96.00M | -$72.00M | $944.00M | $1.18B |
| -Less:Restructuring and Mergern & Acquisition | $93.00M | $96.00M | $92.00M | $365.00M | $129.00M |
| -Gain on Sale Of Business | $0.00 | $0.00 | $20.00M | $1.31B | $1.31B |
| Other Non-Operating Income (Expenses) | -$15.00M | -$15.00M | -$15.00M | -$87.00M | -$22.00M |
| Pretax Profit | $612.00M | $724.00M | $1.55B | $4.76B | $2.21B |
| Tax | $126.00M | $159.00M | $314.00M | $1.01B | $505.00M |
| Net Profit | $486.00M | $565.00M | $1.24B | $3.75B | $1.70B |
| Profit from Continuing Operations | $486.00M | $565.00M | $1.24B | $3.75B | $1.70B |
| Minority Interests | $10.00M | $14.00M | $27.00M | $55.00M | $11.00M |
| Net Income to Parent Company | $476.00M | $551.00M | $1.21B | $3.70B | $1.69B |
| Net Income to Common Stockholders | $476.00M | $551.00M | $1.21B | $3.70B | $1.69B |
| Basic EPS | $2.24 | $2.58 | $5.66 | $17.11 | $7.87 |
| Diluted EPS | $2.23 | $2.58 | $5.63 | $17.02 | $7.82 |
| Dividend Per Share | $0.82 | $0.82 | $0.75 | $2.91 | $0.75 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $65.14B | $53.35B | $51.43B | $50.78B | $50.78B |
| Total Current Assets | $39.89B | $28.11B | $26.16B | $25.77B | $25.77B |
| Cash and Cash Equivalents & Short-Term Investments | $15.32B | $1.27B | $1.42B | $2.80B | $2.80B |
| -Cash and Cash Equivalents | $2.02B | $1.06B | $1.18B | $1.20B | $1.20B |
| -Short Term Investments | $13.30B | $205.00M | $238.00M | $1.60B | $1.60B |
| Receivables | $15.35B | $18.18B | $15.77B | $14.82B | $14.82B |
| -Accounts Receivable | $4.78B | $5.35B | $5.09B | $4.21B | $4.21B |
| -Taxes Receivable | $136.00M | $131.00M | $60.00M | $102.00M | $102.00M |
| -Other Receivables | $10.44B | $12.70B | $10.62B | $10.51B | $10.51B |
| Prepaid Assets | $187.00M | $175.00M | $155.00M | $136.00M | $136.00M |
| Restricted Cash | $8.45B | $8.00B | $8.29B | $7.38B | $7.38B |
| Current Deferred Assets | $352.00M | $309.00M | $325.00M | $450.00M | $450.00M |
| Other Current Assets | $229.00M | $186.00M | $213.00M | $190.00M | $190.00M |
| Total Non-Current Assets | $25.25B | $25.23B | $25.27B | $25.01B | $25.01B |
| Net PPE | $1.55B | $1.51B | $1.39B | $1.38B | $1.38B |
| -Gross PPE | $1.55B | $1.51B | $1.39B | $3.02B | $3.02B |
| Investments and Advances | $198.00M | $191.00M | $198.00M | $192.00M | $192.00M |
| Non Current Accounts Receivables | $102.00M | $105.00M | $110.00M | $82.00M | $82.00M |
| Goodwill and Other Intangible Assets | $21.38B | $21.54B | $21.75B | $21.52B | $21.52B |
| -Goodwill | $15.90B | $15.88B | $15.93B | $15.80B | $15.80B |
| -Other Intangible Assets | $5.49B | $5.66B | $5.83B | $5.73B | $5.73B |
| Defined Pension Benefit | $602.00M | $596.00M | $598.00M | $603.00M | $603.00M |
| Non-Current Deferred Assets | $1.10B | $987.00M | $946.00M | $956.00M | $956.00M |
| Other Non-Current Assets | $317.00M | $302.00M | $275.00M | $274.00M | $274.00M |
| Total Liabilities | $54.92B | $43.64B | $41.45B | $41.24B | $41.24B |
| Total Current Liabilities | $25.17B | $27.23B | $24.54B | $23.23B | $23.23B |
| Payables | $2.77B | $2.51B | $2.71B | $3.17B | $3.17B |
| -Accounts Payable | $2.54B | $2.27B | $2.21B | $2.86B | $2.86B |
| -Total Tax Payable | $239.00M | $239.00M | $505.00M | $309.00M | $309.00M |
| Short-Term Debt and Capital Lease Obligation | $1.90B | $2.20B | $1.30B | $770.00M | $770.00M |
| -Current Debt | $1.72B | $2.02B | $1.12B | $589.00M | $589.00M |
| -Current Capital Lease Obligation | $176.00M | $177.00M | $178.00M | $181.00M | $181.00M |
| Current Deferred Liabilities | $262.00M | $353.00M | $348.00M | $259.00M | $259.00M |
| Other Current Liabilities | $20.24B | $22.17B | $20.18B | $19.03B | $19.03B |
| Total Non-Current Liabilities | $29.75B | $16.41B | $16.91B | $18.01B | $18.01B |
| Long Term Accounts Payable and Other Payables | $1.09B | $1.07B | $1.05B | $1.07B | $1.07B |
| Long Term Debt and Capital Lease Obligation | $27.05B | $13.68B | $14.18B | $15.30B | $15.30B |
| -Long Term Debt | $26.32B | $12.95B | $13.54B | $14.66B | $14.66B |
| -Long Term Capital Lease Obligation | $731.00M | $730.00M | $633.00M | $641.00M | $641.00M |
| Non-Current Deferred Liabilities | $376.00M | $369.00M | $378.00M | $370.00M | $370.00M |
| Employee Benefits | $1.02B | $1.05B | $1.08B | $1.08B | $1.08B |
| Other Non-Current Liabilities | $218.00M | $245.00M | $232.00M | $181.00M | $181.00M |
| Total Equity | $10.22B | $9.71B | $9.98B | $9.55B | $9.55B |
| Stockholders' Equity | $10.10B | $9.60B | $9.83B | $9.35B | $9.35B |
| Capital Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| -Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Additional Paid-In Capital | $13.62B | $13.50B | $13.45B | $13.44B | $13.44B |
| Retained Earnings | $384.00M | $82.00M | $307.00M | -$245.00M | -$245.00M |
| Gains/Losses Not Affecting Retained Earnings | -$3.91B | -$3.99B | -$3.93B | -$3.84B | -$3.84B |
| Minority Interests | $116.00M | $112.00M | $146.00M | $196.00M | $196.00M |
| -Accumulated Depreciation | – | – | – | -$1.65B | -$1.65B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.19B | $556.00M | $430.00M | $3.48B | $1.40B |
| Net cash flow from continuing operations | $1.19B | $556.00M | $430.00M | $3.48B | $1.40B |
| Net Income from Continuing Operations | $486.00M | $565.00M | $1.24B | $3.75B | $1.70B |
| Gain/Loss from Continuing Operations | $0.00 | $0.00 | -$20.00M | -$1.20B | -$1.20B |
| Depreciation & Depletion & Amortization | $224.00M | $223.00M | $198.00M | $966.00M | $233.00M |
| Deferred Tax | -$127.00M | -$41.00M | -$49.00M | -$141.00M | $95.00M |
| Other Non-Cash Items | -$4.00M | $0.00 | $1.00M | -$133.00M | -$17.00M |
| Change in Working Capital | $508.00M | -$313.00M | -$1.02B | -$192.00M | $522.00M |
| -Change in Receivables | $589.00M | -$275.00M | -$905.00M | -$257.00M | $85.00M |
| -Change in Payables and Accrued Expense | $218.00M | $51.00M | -$656.00M | -$155.00M | $388.00M |
| -Change in Other Current Liabilities | $18.00M | $10.00M | $14.00M | $27.00M | $56.00M |
| -Change In Other Working Capital | -$317.00M | -$99.00M | $526.00M | $193.00M | -$7.00M |
| Net cash flow from investing | -$13.17B | -$49.00M | $999.00M | $286.00M | $648.00M |
| Net Cash Flow from Continuing Investing Activities | -$13.17B | -$49.00M | $999.00M | $286.00M | $648.00M |
| Capital Expenditure | -$94.00M | -$73.00M | -$67.00M | -$263.00M | -$74.00M |
| Net Business Purchase and Sale | -$4.00M | -$6.00M | -$295.00M | $1.96B | $2.12B |
| Net Investment Purchase and Sale | -$13.07B | $30.00M | $1.36B | -$1.41B | -$1.40B |
| Financing Cash Flow | $13.35B | -$858.00M | -$441.00M | -$4.21B | -$3.06B |
| Net Cash Flow from Continuing Financing Activities | $13.35B | -$858.00M | -$441.00M | -$4.21B | -$3.06B |
| Net Issuance Payments Of Debt | $13.10B | $297.00M | -$593.00M | -$1.87B | -$1.55B |
| Net Common Stock Issuance | $25.00M | -$597.00M | -$475.00M | -$930.00M | -$240.00M |
| Cash Dividends Paid | -$174.00M | -$175.00M | -$162.00M | -$629.00M | -$161.00M |
| Net Other Financing Charges | $390.00M | -$383.00M | $789.00M | -$772.00M | -$1.11B |
| Ending Cash Balance | $10.47B | $9.06B | $9.46B | $8.57B | $8.57B |
| Net Change in Cash | $1.37B | -$351.00M | $988.00M | -$438.00M | -$1.02B |
| Beginning Cash Balance | $9.06B | $9.46B | $8.57B | $8.33B | $9.52B |
| Effect of Exchange Rate Changes | $40.00M | -$50.00M | -$97.00M | $678.00M | $72.00M |
| Free Cash Flow | $1.10B | $483.00M | $363.00M | $3.22B | $1.32B |
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