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Aon PLC AON

US equityMarket cap rank #273
$276.94
−$4.66 (-1.65%)
Market open · Sep 24, 2:00 pm ET
After hours $282.60 +0.36%
Open$281.81
Prev close$281.60
Day range$276.32 – $283.03
Volume1.26M
Market cap$58.75B
P/E (TTM)15.3
Dividend yield1.10%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.25B+2.2% YoY
Operating profit$1.01B+6.1% YoY
Net profit$565.00M-4.9% YoY
Diluted EPS$2.58-3.0% YoY
Free cash flow$483.00M-34.0% YoY
Operating cash flow$556.00M

Revenue, last 8 quarters

$3.7BSep '24$4.1BDec '24$4.7BMar '25$4.2BJun '25$4.0BSep '25$4.3BDec '25$5.0BMar '26$4.2BJun '26

Net profit, last 8 quarters

$355.0MSep '24$734.0MDec '24$982.0MMar '25$594.0MJun '25$470.0MSep '25$1.7BDec '25$1.2BMar '26$565.0MJun '26

Diluted EPS by quarter

1.57Sep '243.28Dec '244.43Mar '252.66Jun '252.11Sep '257.82Dec '255.63Mar '262.58Jun '26

Free cash flow by quarter

$951.0MSep '24$1.1BDec '24$84.0MMar '25$732.0MJun '25$1.1BSep '25$1.3BDec '25$363.0MMar '26$483.0MJun '26

Annual revenue

$11.1BFY20$12.2BFY21$12.5BFY22$13.4BFY23$15.7BFY24$17.2BFY25

Profitability & balance sheet

Gross margin48.6%
Operating margin28.5%
Net margin22.3%
Return on equity44.9%
Return on assets7.3%
Return on invested capital17.4%
Current ratio1.03
Liabilities / assets81.8%
Cash & investments$1.27B
Total debt$15.70B
Net cash (debt)-$14.43B
Free cash flow / sales18.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Risk Capital$3.01B 70.7%
  • Human Capital$1.24B 29.3%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $4.25B $5.03B $17.18B $4.30B $4.00B
Total Operating Revenue $4.25B $5.03B $17.18B $4.30B $4.00B
Cost of Revenue $2.27B $2.39B $8.99B $2.12B $2.26B
Gross Profit $1.98B $2.64B $8.20B $2.18B $1.74B
Operating Expense $964.00M $834.00M $3.49B $846.00M $890.00M
Selling and Admin Expenses $579.00M $492.00M $1.95B $457.00M $510.00M
-General & Admin Expense $579.00M $492.00M $1.95B $457.00M $510.00M
Depreciation & Amortization & Depletion $223.00M $198.00M $966.00M $233.00M $240.00M
-Depreciation & Amortization $223.00M $198.00M $966.00M $233.00M $240.00M
Other Operating Expenses $162.00M $144.00M $568.00M $156.00M $140.00M
Operating Profit $1.01B $1.81B $4.71B $1.34B $848.00M
Net Non-Operating Interest Income (Expense) -$174.00M -$167.00M -$796.00M -$177.00M -$206.00M
Non-Operating Interest Income $5.00M $12.00M $19.00M $14.00M $0.00
Non-Operating Interest Expense $179.00M $179.00M $815.00M $191.00M $206.00M
Other Income (Expense) -$113.00M -$87.00M $846.00M $1.05B -$45.00M
Earnings from Equity Interest -$2.00M $0.00 $10.00M $5.00M $4.00M
Special Income (Charges) -$96.00M -$72.00M $944.00M $1.18B -$31.00M
-Less:Restructuring and Mergern & Acquisition $96.00M $92.00M $365.00M $129.00M $32.00M
-Gain on Sale Of Business $0.00 $20.00M $1.31B $1.31B $1.00M
Other Non-Operating Income (Expenses) -$15.00M -$15.00M -$87.00M -$22.00M -$21.00M
Pretax Profit $724.00M $1.55B $4.76B $2.21B $597.00M
Tax $159.00M $314.00M $1.01B $505.00M $127.00M
Net Profit $565.00M $1.24B $3.75B $1.70B $470.00M
Profit from Continuing Operations $565.00M $1.24B $3.75B $1.70B $470.00M
Minority Interests $14.00M $27.00M $55.00M $11.00M $12.00M
Net Income to Parent Company $551.00M $1.21B $3.70B $1.69B $458.00M
Net Income to Common Stockholders $551.00M $1.21B $3.70B $1.69B $458.00M
Basic EPS $2.58 $5.66 $17.11 $7.87 $2.12
Diluted EPS $2.58 $5.63 $17.02 $7.82 $2.11
Dividend Per Share $0.82 $0.75 $2.91 $0.75 $0.75
Gain on Sale of Security – – -$21.00M -$113.00M $3.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $53.35B $51.43B $50.78B $50.78B $51.64B
Total Current Assets $28.11B $26.16B $25.77B $25.77B $26.57B
Cash and Cash Equivalents & Short-Term Investments $1.27B $1.42B $2.80B $2.80B $1.30B
-Cash and Cash Equivalents $1.06B $1.18B $1.20B $1.20B $1.10B
-Short Term Investments $205.00M $238.00M $1.60B $1.60B $207.00M
Receivables $18.18B $15.77B $14.82B $14.82B $14.79B
-Accounts Receivable $5.35B $5.09B $4.21B $4.21B $4.28B
-Taxes Receivable $131.00M $60.00M $102.00M $102.00M $121.00M
-Other Receivables $12.70B $10.62B $10.51B $10.51B $10.39B
Prepaid Assets $175.00M $155.00M $136.00M $136.00M $175.00M
Restricted Cash $8.00B $8.29B $7.38B $7.38B $8.39B
Current Deferred Assets $309.00M $325.00M $450.00M $450.00M $320.00M
Other Current Assets $186.00M $213.00M $190.00M $190.00M $320.00M
Total Non-Current Assets $25.23B $25.27B $25.01B $25.01B $25.07B
Net PPE $1.51B $1.39B $1.38B $1.38B $1.37B
-Gross PPE $1.51B $1.39B $3.02B $3.02B $1.37B
Investments and Advances $191.00M $198.00M $192.00M $192.00M $163.00M
Non Current Accounts Receivables $105.00M $110.00M $82.00M $82.00M $101.00M
Goodwill and Other Intangible Assets $21.54B $21.75B $21.52B $21.52B $21.53B
-Goodwill $15.88B $15.93B $15.80B $15.80B $15.70B
-Other Intangible Assets $5.66B $5.83B $5.73B $5.73B $5.83B
Defined Pension Benefit $596.00M $598.00M $603.00M $603.00M $588.00M
Non-Current Deferred Assets $987.00M $946.00M $956.00M $956.00M $1.05B
Other Non-Current Assets $302.00M $275.00M $274.00M $274.00M $275.00M
Total Liabilities $43.64B $41.45B $41.24B $41.24B $43.44B
Total Current Liabilities $27.23B $24.54B $23.23B $23.23B $25.10B
Payables $2.51B $2.71B $3.17B $3.17B $2.53B
-Accounts Payable $2.27B $2.21B $2.86B $2.86B $2.40B
-Total Tax Payable $239.00M $505.00M $309.00M $309.00M $127.00M
Short-Term Debt and Capital Lease Obligation $2.20B $1.30B $770.00M $770.00M $1.91B
-Current Debt $2.02B $1.12B $589.00M $589.00M $1.74B
-Current Capital Lease Obligation $177.00M $178.00M $181.00M $181.00M $177.00M
Current Deferred Liabilities $353.00M $348.00M $259.00M $259.00M $286.00M
Other Current Liabilities $22.17B $20.18B $19.03B $19.03B $20.38B
Total Non-Current Liabilities $16.41B $16.91B $18.01B $18.01B $18.34B
Long Term Accounts Payable and Other Payables $1.07B $1.05B $1.07B $1.07B $979.00M
Long Term Debt and Capital Lease Obligation $13.68B $14.18B $15.30B $15.30B $15.71B
-Long Term Debt $12.95B $13.54B $14.66B $14.66B $15.06B
-Long Term Capital Lease Obligation $730.00M $633.00M $641.00M $641.00M $651.00M
Non-Current Deferred Liabilities $369.00M $378.00M $370.00M $370.00M $390.00M
Employee Benefits $1.05B $1.08B $1.08B $1.08B $1.11B
Other Non-Current Liabilities $245.00M $232.00M $181.00M $181.00M $151.00M
Total Equity $9.71B $9.98B $9.55B $9.55B $8.20B
Stockholders' Equity $9.60B $9.83B $9.35B $9.35B $7.94B
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 $13.50B $13.45B $13.44B $13.44B $13.38B
Retained Earnings $82.00M $307.00M -$245.00M -$245.00M -$1.53B
Gains/Losses Not Affecting Retained Earnings -$3.99B -$3.93B -$3.84B -$3.84B -$3.92B
Minority Interests $112.00M $146.00M $196.00M $196.00M $260.00M
-Accumulated Depreciation – – -$1.65B -$1.65B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $556.00M $430.00M $3.48B $1.40B $1.15B
Net cash flow from continuing operations $556.00M $430.00M $3.48B $1.40B $1.15B
Net Income from Continuing Operations $565.00M $1.24B $3.75B $1.70B $470.00M
Gain/Loss from Continuing Operations $0.00 -$20.00M -$1.20B -$1.20B –
Depreciation & Depletion & Amortization $223.00M $198.00M $966.00M $233.00M $240.00M
Deferred Tax -$41.00M -$49.00M -$141.00M $95.00M $6.00M
Other Non-Cash Items $0.00 $1.00M -$133.00M -$17.00M -$5.00M
Change in Working Capital -$313.00M -$1.02B -$192.00M $522.00M $332.00M
-Change in Receivables -$275.00M -$905.00M -$257.00M $85.00M $560.00M
-Change in Payables and Accrued Expense $51.00M -$656.00M -$155.00M $388.00M $195.00M
-Change in Other Current Liabilities $10.00M $14.00M $27.00M $56.00M -$44.00M
-Change In Other Working Capital -$99.00M $526.00M $193.00M -$7.00M -$379.00M
Net cash flow from investing -$49.00M $999.00M $286.00M $648.00M -$94.00M
Net Cash Flow from Continuing Investing Activities -$49.00M $999.00M $286.00M $648.00M -$94.00M
Capital Expenditure -$73.00M -$67.00M -$263.00M -$74.00M -$69.00M
Net Business Purchase and Sale -$6.00M -$295.00M $1.96B $2.12B -$140.00M
Net Investment Purchase and Sale $30.00M $1.36B -$1.41B -$1.40B $115.00M
Financing Cash Flow -$858.00M -$441.00M -$4.21B -$3.06B -$768.00M
Net Cash Flow from Continuing Financing Activities -$858.00M -$441.00M -$4.21B -$3.06B -$768.00M
Net Issuance Payments Of Debt $297.00M -$593.00M -$1.87B -$1.55B -$504.00M
Net Common Stock Issuance -$597.00M -$475.00M -$930.00M -$240.00M -$223.00M
Cash Dividends Paid -$175.00M -$162.00M -$629.00M -$161.00M -$160.00M
Net Other Financing Charges -$383.00M $789.00M -$772.00M -$1.11B $119.00M
Ending Cash Balance $9.06B $9.46B $8.57B $8.57B $9.52B
Net Change in Cash -$351.00M $988.00M -$438.00M -$1.02B $286.00M
Beginning Cash Balance $9.46B $8.57B $8.33B $9.52B $9.32B
Effect of Exchange Rate Changes -$50.00M -$97.00M $678.00M $72.00M -$90.00M
Free Cash Flow $483.00M $363.00M $3.22B $1.32B $1.08B
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