Friday 6 November 2026 Export AON’s income statement to Excel — free account

Aon plc

Aon plc’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 9.45% from fiscal 2024.

Revenue: +2.60%
EPS: +5.66%
Free cash flow: +1.67%
Total debt: +67.0%

Quarter to September 2026, against a year earlier

343.42 1.25 −0.36%

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Market cap: $73.1B
P/E: 18.7×
Fwd P/E: 22.9×
Dividend yield: 0.93%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Aon plc (AON) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Risk Capital	11,290	65.71%
Human Capital	5,907	34.38%
Gross margin		47.70%
Operating margin		25.28%
Pre-tax margin		27.70%

Revenue by product or service $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Commercial Risk Solutions	7,043 52.65%	6,715 53.81%	6,635 54.42%	5,861 52.96%	5,857 53.18%	—	—	—	—
Reinsurance Solutions	2,481 18.55%	2,190 17.55%	1,997 16.38%	1,814 16.39%	1,686 15.31%	1,563 14.51%	1,429 14.29%	1,361 14.46%	1,358 14.32%
Health Solutions	2,433 18.19%	2,224 17.82%	2,154 17.67%	2,067 18.68%	2,104 19.10%	—	—	—	—
Wealth Solutions	1,431 10.70%	1,367 10.95%	1,426 11.70%	1,341 12.12%	1,380 12.53%	—	—	—	—
P&C Advisory	—	—	—	—	—	4,652 43.19%	4,169 41.70%	3,929 41.76%	4,029 42.50%
Retirement	—	—	—	—	—	1,865 17.32%	1,755 17.55%	1,707 18.14%	1,916 20.21%
Health	—	—	—	—	—	1,596 14.82%	1,515 15.15%	1,370 14.56%	1,167 12.31%
Data Solutions	—	—	—	—	—	1,105 10.26%	1,140 11.40%	1,050 11.16%	1,021 10.77%
Revenue	13,376	12,479	12,193	11,066	11,013	10,770	9,998	9,409	9,480

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Risk Capital	11,290 65.71%	10,517 67.00%	9,524 71.20%	8,905 71.36%	—	—	—	—	—	—	—	—	—
Human Capital	5,907 34.38%	5,209 33.18%	3,864 28.89%	3,591 28.78%	—	—	—	—	—	—	—	—	—
Risk and Insurance Brokerage Services	—	—	—	—	7,485 79.55%	7,426 78.33%	7,834 65.04%	7,789 65.92%	7,632 66.28%	7,537 66.78%	6,989 82.11%	6,305 83.02%	6,197 82.32%
Consulting	—	—	—	—	4,183 44.46%	4,303 45.39%	4,264 35.40%	4,057 34.34%	3,925 34.09%	3,781 33.50%	1,545 18.15%	1,267 16.68%	1,356 18.01%
Intersegment Eliminations	—	—	—	—	—	—	—	—	(43) (0.37%)	(31) (0.27%)	(22) (0.26%)	(26) (0.34%)	(25) (0.33%)
Unallocated Amount to Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	49 0.65%	—
Eliminations	—	—	—	—	(2,259) (24.01%)	(2,249) (23.72%)	—	—	—	—	—	—	—
Operating Segments	—	—	—	—	—	—	—	—	11,514	11,287	8,512	7,546	7,528
Revenue	17,181	15,698	13,376	12,479	9,409	9,480	12,045	11,815	11,514	11,287	8,512	7,595	7,528

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Risk Capital	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Human Capital	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Risk and Insurance Brokerage Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consulting	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unallocated Expense to	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unallocated Revenue to	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
U.S.	8,279 48.19%	7,666 48.83%	5,923 44.28%	5,666 45.40%	5,459 44.77%	5,032 45.47%	5,016 45.55%	4,677 43.43%	4,425 44.26%	3,981 42.31%	3,924 41.39%	5,824 48.35%	5,574 47.18%	5,336 46.34%	5,134 45.49%	3,400 39.94%	2,789 36.72%	2,656 35.28%
Europe, Middle East, & Africa other than U.K. and Ireland	3,153 18.35%	2,900 18.47%	2,672 19.98%	2,443 19.58%	2,565 21.04%	2,236 20.21%	2,263 20.55%	2,333 21.66%	2,025 20.25%	1,760 18.71%	1,826 19.26%	2,189 18.17%	2,304 19.50%	2,271 19.72%	2,377 21.06%	2,035 23.91%	1,965 25.87%	2,093 27.80%
U.K.	2,220 12.92%	1,975 12.58%	1,819 13.60%	1,660 13.30%	1,681 13.79%	1,579 14.27%	1,502 13.64%	1,555 14.44%	1,436 14.36%	1,354 14.39%	1,419 14.97%	1,623 13.47%	1,544 13.07%	1,541 13.38%	1,519 13.46%	1,322 15.53%	1,289 16.97%	1,281 17.02%
Asia Pacific	1,711 9.96%	1,676 10.68%	1,589 11.88%	1,474 11.81%	1,334 10.94%	1,224 11.06%	1,238 11.24%	1,185 11.00%	1,136 11.36%	1,415 15.04%	1,193 12.58%	1,233 10.24%	1,179 9.98%	1,176 10.21%	1,081 9.58%	777 9.13%	647 8.52%	648 8.61%
Americas other than U.S.	1,633 9.50%	1,335 8.50%	1,260 9.42%	1,137 9.11%	1,027 8.42%	911 8.23%	919 8.34%	940 8.73%	976 9.76%	899 9.55%	1,118 11.79%	1,176 9.76%	1,214 10.28%	1,190 10.34%	1,176 10.42%	978 11.49%	905 11.92%	850 11.29%
Ireland	185 1.08%	146 0.93%	113 0.84%	99 0.79%	127 1.04%	84 0.76%	75 0.68%	80 0.74%	—	—	—	—	—	—	—	—	—	—
Revenue	17,181	15,698	13,376	12,479	12,193	11,066	11,013	10,770	9,998	9,409	9,480	12,045	11,815	11,514	11,287	8,512	7,595	7,528

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.