Saturday 17 October 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. 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.

292.55 5.75 +2.00%

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Market cap: $60.8B
P/E: 16.0×
Fwd P/E: 21.1×
Dividend yield: 1.07%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 7.83

Total sells 7.75

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	1	—
Sell	1	—	—	2	—	—	—	—	3	—	—	—

Insider Ownership 1.52%

Capital & Financial Ratios $m

Market Cap 60,840.00

Revenue 17,577.00

Net Income 3,978.00

Free Cash Flow 3,248.00

Net Debt 13,905.00

Current Ratio 1.50

Debt/Equity 1.55

P/E ratio 16.05

Fwd P/E 21.10

P/S ratio 3.55

P/B ratio 6.44

Past 5Y EPS Growth 15.03%

This Y EPS Growth 8.68%

Next Y EPS Growth 9.44%

Next Y revenue growth 4.27%

Next 5Y EPS Growth 11.19%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 0.74%

10-year low 10-year high

P/S against its own 10 years 18.65%

10-year low 10-year high

P/B against its own 10 years 17.58%

10-year low 10-year high

Dividends

Payout Ratio 0.17

Annual Dividend Rate 3.13

Annual Dividend Yield 1.07%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.18	0.75 0.82 0.82
2025	2.91	0.68 0.75 0.75 0.75
2024	2.64	0.62 0.68 0.68 0.68
2023	2.41	0.56 0.62 0.62 0.62
2022	2.19	0.51 0.56 0.56 0.56
2021	1.99	0.46 0.51 0.51 0.51
2020	1.78	0.44 0.44 0.44 0.46
2019	1.72	0.40 0.44 0.44 0.44
2018	1.96	0.36 0.40 0.40 0.40 0.40
2017	1.41	0.33 0.36 0.36 0.36
2016	1.29	0.30 0.33 0.33 0.33

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	778	1,085	1,195	1,062
Receivables	3,254	3,803	4,209	5,348
Inventory	—	—	—	—
Other	—	—	—	—
	4,032	4,888	5,404	6,410

	2023	2024	2025	Q'26
Payables	2,262	2,905	2,861	2,266
ST’ Debt	1,204	751	589	2,020
Other	—	—	—	—
	3,466	3,656	3,450	4,286

Compound Annual Growth %

	10y	5y	3y
Sales	6.13%	9.20%	11.25%
Cash Flow	5.65%	4.58%	2.64%
Earnings	10.31%	13.42%	12.59%
Book Value	4.55%	21.43%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,034	4,246	—	—	—
’25	4,729	4,155	3,997	4,300	17,181
’24	4,070	3,760	3,721	4,147	15,698
’23	3,871	3,177	2,953	3,375	13,376
’22	3,670	2,983	2,696	3,130	12,479
’21	3,525	2,886	2,702	3,080	12,193
’20	3,219	2,497	2,385	2,965	11,066

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	430	556	—	—	—
’25	140	796	1,148	1,397	3,481
’24	309	513	1,013	1,200	3,035
’23	443	688	1,043	1,261	3,435
’22	463	668	1,046	1,042	3,219
’21	561	784	(94)	931	2,182
’20	338	881	804	760	2,783

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	363	483	—	—	—
’25	84	732	1,079	1,323	3,218
’24	261	460	951	1,145	2,817
’23	367	619	985	1,212	3,183
’22	440	623	988	972	3,023
’21	532	743	(126)	896	2,045
’20	279	851	774	738	2,642

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.63	2.58	—	—	—
’25	4.43	2.66	2.11	7.82	17.02
’24	5.35	2.46	1.57	3.28	12.49
’23	5.07	2.71	2.23	2.47	12.51
’22	4.73	2.33	1.92	3.14	12.14
’21	4.00	1.66	(3.99)	3.90	5.55
’20	3.29	1.70	1.18	2.27	8.45

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	83.83	109.82	130.87	141.63	143.93	200.65	246.21	280.89	268.06	323.73	Analyst estimates 2026–2028 Powerpack
	High	116.59	152.78	166.55	212.65	238.19	326.25	341.98	347.37	395.33	412.97
People
People	Employees	69,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	60,000	60,000
	Revenue/emp, $m	0.14	0.20	0.22	0.22	0.22	0.24	0.25	0.27	0.26	0.29
Income, $m
Income, $m	Revenue	9,409	9,998	10,770	11,013	11,066	12,193	12,479	13,376	15,698	17,181
	Gross margin, %	41.40	39.96	43.33	45.03	46.64	44.74	48.10	48.40	47.24	47.70
	EBT	1,401	685	1,246	1,870	2,466	1,931	3,156	3,169	3,462	4,759
	EBT margin, %	14.89	6.85	11.57	16.98	22.28	15.84	25.29	23.69	22.05	27.70
	Net income	1,430	1,263	1,174	1,573	2,018	1,308	2,646	2,628	2,720	3,750
	Depreciation	319	891	769	564	413	326	264	256	686	966
Per share, $
Per share, $	Revenue	35.10	38.68	43.92	46.16	47.72	54.26	58.95	65.73	74.26	79.58
	Earnings	5.21	4.74	4.62	6.42	8.49	5.59	12.23	12.60	12.55	17.11
	Cash flow	8.68	2.84	6.88	7.69	12.00	9.71	15.21	16.88	14.36	16.12
	Capex	(0.58)	(0.71)	(0.98)	(0.94)	(0.61)	(0.61)	(0.93)	(1.24)	(1.03)	(1.22)
	Free cash flow	8.09	2.13	5.90	6.75	11.39	9.10	14.28	15.64	13.33	14.91
	Book value	20.63	17.98	17.21	14.46	15.45	5.15	(2.03)	(3.65)	29.83	43.81
	Shares, m	268	259	245	239	232	225	212	204	211	216
Valuation, ×
Valuation, ×	P/E	21.51	28.16	31.53	32.55	24.88	53.29	24.54	22.91	28.19	20.60
	P/S	3.19	3.40	3.31	4.51	4.43	5.54	5.08	4.38	4.84	4.43
	P/B	5.43	7.31	8.45	14.41	13.67	58.32	0.00	0.00	12.04	8.05
	EV/Sales	3.81	3.92	3.83	5.11	5.05	6.26	5.89	5.16	5.85	5.25
	EV/FCF	16.51	71.14	28.51	34.94	21.13	37.35	24.30	21.69	32.61	28.04
Cash, $m
Cash, $m	Operating cash flow	2,326	734	1,686	1,835	2,783	2,182	3,219	3,435	3,035	3,481
	Capex	(156)	(183)	(240)	(225)	(141)	(137)	(196)	(252)	(218)	(263)
	Free cash flow	2,170	551	1,446	1,610	2,642	2,045	3,023	3,183	2,817	3,218
Balance, $m
Balance, $m	Working capital	592	974	1,222	1,251	1,490	282	666	566	1,232	1,954
	Total debt	6,205	5,966	6,244	7,339	7,729	9,392	10,770	11,199	17,016	15,249
	Net debt	5,779	5,210	5,588	6,549	6,845	8,848	10,080	10,421	15,931	14,054
	Shareholders’ equity	5,532	4,648	4,219	3,449	3,583	1,158	(429)	(742)	6,305	9,459
Returns, %
Returns, %	ROA	5.22	4.65	4.32	5.49	6.40	3.92	8.01	7.69	6.40	7.41
	ROIC	10.01	6.75	9.84	13.56	16.67	13.05	23.76	24.44	10.78	11.55
	ROE	24.09	24.09	25.58	39.96	56.00	52.94	710.29	(437.92)	95.42	46.88

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MRSH Marsh	$89.0B	22.4×	19.2×	+8.06% (above 0%: growing)	+12.23% (above 0%: growing)	−9.99% (below 0%: shrinking)	100.00%	17.70%	Compare
AJG Arthur J. Gallagher & Co.	$64.1B	41.6×	23.0×	+24.24% (above 0%: growing)	−11.89% (below 0%: shrinking)	+91.16% (above 0%: growing)	41.79%	14.54%	Compare
AON Aon plc	$60.8B	16.0×	21.1×	+2.19% (above 0%: growing)	−3.73% (below 0%: shrinking)	−34.02% (below 0%: shrinking)	46.51%	21.55%
WTW Willis Towers Watson Public Limited Company	$28.8B	19.3×	15.3×	+9.07% (above 0%: growing)	−27.25% (below 0%: shrinking)	+42.76% (above 0%: growing)	100.00%	14.76%	Compare
BRO Brown & Brown, Inc.	$22.8B	19.3×	17.6×	+30.43% (above 0%: growing)	+8.86% (above 0%: growing)	+6.75% (above 0%: growing)	50.00%	28.82%	Compare
ERIE Erie Indemnity Company	$11.1B	19.7×	18.0×	+2.80% (above 0%: growing)	+3.20% (above 0%: growing)	+10.22% (above 0%: growing)	18.73%	18.73%	Compare
BWIN Baldwin Insurance Group, Inc.	$4.5B	— (loss-making)	— (loss-making)	+30.13% (above 0%: growing)	n/m	+208.10% (above 0%: growing)	31.81%	(1.69%)	Compare
ARX Accelerant Holdings	$4.3B	— (loss-making)	143×	+62.89% (above 0%: growing)	+620.00% (above 0%: growing)	−139.56% (below 0%: shrinking)	100.00%	30.96%	Compare
CRVL CorVel Corp.	$4.1B	35.4×	—	+10.74% (above 0%: growing)	+18.87% (above 0%: growing)	+8.94% (above 0%: growing)	26.08%	16.67%	Compare
Median of peers	$16.9B	21.0×	18.6×	+17.49%	+8.86%	+9.58%	45.89%	17.19%

All 22 Insurance Brokers stocks →

Aon plc (AON) key facts

Strength: Aon plc’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, up 9.45% from fiscal 2024.
Strength: Net income was $3.8 billion, or $17.11 per share (basic), a net margin of 21.5%.
Aon plc (AON) is an Insurance Brokers company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, AON traded at $292.55, a market capitalization of $60.8 billion.
At that price the stock trades at 16.0× trailing-twelve-month earnings and 3.5× sales; its P/E is higher than 1% of its own readings over the past ten years.
Aon plc pays an annual dividend of $3.13 per share, a yield of 1.07%, with a payout ratio of 17.3%.
Return on equity was 46.9% and debt-to-equity 1.55.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.