Aon plc
AON Financial Insurance Brokers
Aon plc’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 9.45% from fiscal 2024. In the quarter to June 2026, revenue grew 2.19%, EPS fell 3.73%, free cash flow fell 34.0% and total debt fell 13.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Aon plc (AON) Free cash flow margin
Aon plc's free cash flow margin over the twelve months to 30 June 2026 was 18.5%, down 0.2 percentage points from fiscal 2025 (18.7%). Over the past ten years it has ranged from 5.51% (fiscal 2017) to 24.2% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Insurance Brokers industry median of 3.89% and above the Financial sector median of 14.7%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 18.7% | 0.79 |
| FY2024 | 17.9% | (5.86) |
| FY2023 | 23.8% | (0.42) |
| FY2022 | 24.2% | 7.45 |
| FY2021 | 16.8% | (7.10) |
| FY2020 | 23.9% | 9.25 |
| FY2019 | 14.6% | 1.19 |
| FY2018 | 13.4% | 7.92 |
| FY2017 | 5.51% | (17.55) |
| FY2016 | 23.1% | 3.98 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| BRO Brown & Brown, Inc. compare | 21.3% |
| AON Aon plc | 18.5% |
| WTW Willis Towers Watson Public Limited Company compare | 16.7% |
| MRSH Marsh compare | 14.6% |
| AJG Arthur J. Gallagher & Co. compare | 14.5% |
| ERIE Erie Indemnity Company compare | 13.4% |
| CRVL CorVel Corp. compare | 11.6% |
| BWIN Baldwin Insurance Group, Inc. compare | 2.52% |
| ARX Accelerant Holdings compare | 0.16% |
| Insurance Brokers industry median | 3.89% |
| Financial sector median | 14.7% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on AON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement