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) Gross margin
Aon plc's gross margin over the twelve months to 30 June 2026 was 48.6%, up 0.9 percentage points from fiscal 2025 (47.7%). Over the past ten years it has ranged from 40.0% (fiscal 2017) to 48.4% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Insurance Brokers industry median of 43.0% and below the Financial sector median of 69.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 47.7% | 0.46 |
| FY2024 | 47.2% | (1.16) |
| FY2023 | 48.4% | 0.30 |
| FY2022 | 48.1% | 3.36 |
| FY2021 | 44.7% | (1.90) |
| FY2020 | 46.6% | 1.61 |
| FY2019 | 45.0% | 1.70 |
| FY2018 | 43.3% | 3.37 |
| FY2017 | 40.0% | (1.44) |
| FY2016 | 41.4% | 0.52 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 46.5% | (5.95) |
| Mar 2026 | 52.5% | 1.69 |
| Dec 2025 | 50.8% | 7.29 |
| Sep 2025 | 43.5% | 0.28 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WTW Willis Towers Watson Public Limited Company compare | 100.0% |
| ARX Accelerant Holdings compare | 100.0% |
| MRSH Marsh compare | 100.0% |
| BRO Brown & Brown, Inc. compare | 50.6% |
| AON Aon plc | 48.6% |
| AJG Arthur J. Gallagher & Co. compare | 43.0% |
| BWIN Baldwin Insurance Group, Inc. compare | 30.3% |
| CRVL CorVel Corp. compare | 24.8% |
| ERIE Erie Indemnity Company compare | 17.9% |
| Insurance Brokers industry median | 43.0% |
| Financial sector median | 69.9% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AON
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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