What is Aon Plc's earnings per share (EPS)?

Aon Plc (AON) reported diluted earnings per share of $17.02 for fiscal year 2025. This represents a 36.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Aon Plc Financials

AON

FY2025 annual

Revenue $17.2B +9.4% YoY

Net Income $3.7B +39.2% YoY

EPS (Diluted) $17.02 +36.3% YoY

Free Cash Flow $3.2B +14.2% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Aon Plc (AON) reported $17.2B in revenue for fiscal year 2025, up 9.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AON FY2025 2026-05-01

Cash-generative, asset-light operations are supporting a much larger goodwill-heavy platform without requiring heavy ongoing reinvestment.

The FY2024 balance-sheet jump looks more like purchased intangibles than a more capital-hungry operating model: goodwill rose to $15.2B while capex was only $218M. By FY2025, free cash flow was back to $3.2B and net margin reached 21.5%, suggesting the larger platform did not demand proportionally more physical reinvestment.

Liquidity management is operating-model driven rather than cash-hoard driven: the current ratio was 1.1x and cash was only $1.2B. That is workable because net income of $3.7B turned into operating cash flow of $3.5B, so day-to-day obligations are supported by recurring cash generation, not idle balance-sheet cash.

FY2024 looks like a transition year, not a permanent reset: revenue stepped up to $15.7B while operating margin eased to 24.4%. By FY2025, operating margin had recovered to 25.3% and long-term debt had fallen to $14.7B, which points to absorption of the larger cost base rather than lasting deterioration.

Financial Health Signals

Financial health score not available

Aon Plc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/8

Aon Plc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.94x

For every $1 of reported earnings, Aon Plc generates $0.94 in operating cash flow ($3.5B OCF vs $3.7B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

5.33x

Aon Plc earns $5.33 in operating income for every $1 of interest expense ($4.3B vs $815.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17.2B

YoY+9.4%

5Y CAGR+9.2%

10Y CAGR+6.1%

Aon Plc generated $17.2B in revenue in fiscal year 2025. This represents an increase of 9.4% from the prior year.

EBITDA

$4.5B

YoY+12.5%

5Y CAGR+8.8%

10Y CAGR+10.0%

Aon Plc's EBITDA was $4.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.5% from the prior year.

Net Income

$3.7B

YoY+39.2%

5Y CAGR+13.4%

10Y CAGR+10.0%

Aon Plc reported $3.7B in net income in fiscal year 2025. This represents an increase of 39.2% from the prior year.

EPS (Diluted)

$17.02

YoY+36.3%

5Y CAGR+15.0%

10Y CAGR+13.3%

Aon Plc earned $17.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 36.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$3.2B

YoY+14.2%

5Y CAGR+4.0%

10Y CAGR+5.9%

Aon Plc generated $3.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.2% from the prior year.

Cash & Debt

$1.2B

YoY+10.1%

5Y CAGR+6.2%

10Y CAGR+12.0%

Aon Plc held $1.2B in cash against $14.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.91

YoY+10.2%

5Y CAGR+10.3%

10Y CAGR+9.7%

Aon Plc paid $2.91 per share in dividends in fiscal year 2025. This represents an increase of 10.2% from the prior year.

Shares Outstanding

214M

YoY-0.8%

Aon Plc had 214M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.

Margins & Returns

Operating Margin

25.3%

YoY+0.9pp

5Y CAGR+0.2pp

10Y CAGR+8.5pp

Aon Plc's operating margin was 25.3% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

21.5%

YoY+4.6pp

5Y CAGR+3.7pp

10Y CAGR+6.5pp

Aon Plc's net profit margin was 21.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.

Return on Equity

39.5%

YoY-3.8pp

Aon Plc's ROE was 39.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$1.0B

YoY0.0%

5Y CAGR-10.7%

10Y CAGR-4.3%

Aon Plc spent $1.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. That is unchanged from the prior year.

Capital Expenditures

$263.0M

YoY+20.6%

5Y CAGR+13.3%

10Y CAGR+2.8%

Aon Plc invested $263.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.6% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

AON Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AON annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$17.6B	$17.2B+9.4%	$15.7B+17.4%	$13.4B+7.2%	$12.5B+2.3%	$12.2B+10.2%	$11.1B+0.5%	$11.0B+2.3%	$10.8B+7.7%	$10.0B+6.3%	$9.4B-0.7%	$9.5B-21.3%	$12.0B+1.9%	$11.8B+2.6%	$11.5B+2.0%	$11.3B
SG&A Expenses	$9.0B	$9.0B+8.5%	$8.3B+20.0%	$6.9B+6.6%	$6.5B-3.9%	$6.7B+14.1%	$5.9B-2.5%	$6.1B-0.8%	$6.1B+1.7%	$6.0B+8.9%	$5.5B-1.6%	$5.6B-20.1%	$7.0B+1.0%	$6.9B+3.5%	$6.7B+2.2%	$6.6B
Operating Income	$4.7B	$4.3B+13.3%	$3.8B+1.3%	$3.8B+3.2%	$3.7B+75.6%	$2.1B-24.8%	$2.8B+28.2%	$2.2B+40.5%	$1.5B+45.0%	$1.1B-41.2%	$1.8B+14.1%	$1.6B-19.3%	$2.0B+17.7%	$1.7B+4.7%	$1.6B0.0%	$1.6B
Interest Expense	$755.0M	$815.0M+3.4%	$788.0M+62.8%	$484.0M+19.2%	$406.0M+26.1%	$322.0M-3.6%	$334.0M+8.8%	$307.0M+10.4%	$278.0M-1.4%	$282.0M0.0%	$282.0M+3.3%	$273.0M+7.1%	$255.0M+21.4%	$210.0M-7.9%	$228.0M-6.9%	$245.0M
Income Tax	$1.1B	$1.0B+36.0%	$742.0M+37.2%	$541.0M+6.1%	$510.0M-18.1%	$623.0M+39.1%	$448.0M+50.8%	$297.0M+103.4%	$146.0M-41.6%	$250.0M+68.9%	$148.0M-15.4%	$175.0M-47.6%	$334.0M-14.4%	$390.0M+8.3%	$360.0M-4.8%	$378.0M
Net Income	$3.9B	$3.7B+39.2%	$2.7B+3.5%	$2.6B-1.0%	$2.6B+106.3%	$1.3B-36.3%	$2.0B+28.5%	$1.5B+30.5%	$1.2B-7.0%	$1.3B-11.7%	$1.4B+0.6%	$1.4B-0.6%	$1.4B+24.7%	$1.1B+12.5%	$1.0B+1.0%	$1.0B
EPS (Diluted)	—	$17.02+36.3%	$12.49-0.2%	$12.51+3.0%	$12.14+118.7%	$5.55-34.3%	$8.45+32.7%	$6.37+38.8%	$4.59-2.3%	$4.70-8.9%	$5.16+5.7%	$4.88+4.7%	$4.66+32.0%	$3.53+18.1%	$2.99+4.2%	$2.87

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$4.2B-15.7%	$5.0B+17.1%	$4.3B+7.6%	$4.0B-3.8%	$4.2B-12.1%	$4.7B+14.0%	$4.1B+11.4%	$3.7B
SG&A Expenses	$2.3B-5.1%	$2.4B+13.0%	$2.1B-6.3%	$2.3B-4.3%	$2.4B+4.9%	$2.2B+6.1%	$2.1B-1.4%	$2.1B
Operating Income	$915.0M-46.6%	$1.7B+42.0%	$1.2B+48.0%	$816.0M-5.0%	$859.0M-41.2%	$1.5B+33.9%	$1.1B+75.1%	$623.0M
Interest Expense	$179.0M0.0%	$179.0M-6.3%	$191.0M-7.3%	$206.0M-2.8%	$212.0M+2.9%	$206.0M0.0%	$206.0M-3.3%	$213.0M
Income Tax	$159.0M-49.4%	$314.0M-37.8%	$505.0M+297.6%	$127.0M+16.5%	$109.0M-59.3%	$268.0M+70.7%	$157.0M+67.0%	$94.0M
Net Income	$551.0M-54.5%	$1.2B-28.4%	$1.7B+269.7%	$458.0M-20.9%	$579.0M-40.0%	$965.0M+34.8%	$716.0M+108.7%	$343.0M
EPS (Diluted)	$2.58-54.2%	$5.63	N/A	$2.11-20.7%	$2.66-40.0%	$4.43	N/A	$1.57

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

AON Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AON annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$50.8B+3.7%	$49.0B+44.2%	$34.0B+3.8%	$32.7B+2.5%	$31.9B-0.6%	$32.1B+9.2%	$29.4B+11.3%	$26.4B+1.3%	$26.1B-2.0%	$26.6B-1.0%	$26.9B-9.7%	$29.8B-1.6%	$30.3B-0.8%	$30.5B+3.2%	$29.6B
Current Assets	$25.8B+10.0%	$23.4B+8.0%	$21.7B+4.7%	$20.7B+8.9%	$19.0B+1.9%	$18.7B+13.4%	$16.5B+14.6%	$14.4B+5.1%	$13.7B+4.0%	$13.1B-3.1%	$13.6B-14.3%	$15.8B-3.1%	$16.3B-0.3%	$16.4B+5.7%	$15.5B
Cash & Equivalents	$1.2B+10.1%	$1.1B+39.5%	$778.0M+12.8%	$690.0M+26.8%	$544.0M-38.5%	$884.0M+11.9%	$790.0M+20.4%	$656.0M-13.2%	$756.0M+77.5%	$426.0M+10.9%	$384.0M+2.7%	$374.0M-21.6%	$477.0M+63.9%	$291.0M+7.0%	$272.0M
Accounts Receivable	$4.2B+10.7%	$3.8B+16.9%	$3.3B+7.2%	$3.0B-1.9%	$3.1B+0.8%	$3.1B-1.3%	$3.1B+12.8%	$2.8B+11.4%	$2.5B+17.7%	$2.1B-17.9%	$2.6B-8.9%	$2.8B-2.8%	$2.9B-6.6%	$3.1B-2.6%	$3.2B
Goodwill	$15.8B+3.7%	$15.2B+81.1%	$8.4B+1.5%	$8.3B-1.7%	$8.4B-2.7%	$8.7B+6.1%	$8.2B-0.1%	$8.2B-2.2%	$8.4B+12.8%	$7.4B+4.8%	$7.1B-20.2%	$8.9B-1.5%	$9.0B+0.6%	$8.9B+2.0%	$8.8B
Total Liabilities	$41.2B-3.1%	$42.5B+22.6%	$34.7B+4.7%	$33.1B+7.7%	$30.8B+7.8%	$28.5B+9.9%	$26.0B+16.9%	$22.2B+3.6%	$21.4B+1.7%	$21.1B+1.2%	$20.8B-10.0%	$23.1B+4.9%	$22.1B-2.8%	$22.7B+5.8%	$21.4B
Current Liabilities	$23.2B+1.0%	$23.0B+6.2%	$21.7B+6.6%	$20.3B+6.5%	$19.1B+9.4%	$17.4B+12.0%	$15.6B+17.1%	$13.3B+4.2%	$12.8B+2.1%	$12.5B-4.5%	$13.1B-12.8%	$15.0B-2.6%	$15.4B+0.4%	$15.3B+11.6%	$13.8B
Long-Term Debt	$14.7B-9.9%	$16.3B+62.7%	$10.0B+1.7%	$9.8B+19.4%	$8.2B+13.0%	$7.3B+9.9%	$6.6B+10.6%	$6.0B+5.8%	$5.7B-3.4%	$5.9B+14.2%	$5.1B+7.1%	$4.8B+30.2%	$3.7B-0.7%	$3.7B-10.6%	$4.2B
Total Equity	$9.4B+52.8%	$6.1B+841.0%	-$826.0M-56.1%	-$529.0M-149.9%	$1.1B-69.6%	$3.5B+3.6%	$3.4B-18.7%	$4.2B-9.4%	$4.6B-16.3%	$5.5B-8.8%	$6.0B-8.7%	$6.6B-19.3%	$8.1B+4.9%	$7.8B-3.9%	$8.1B
Retained Earnings	-$245.0M+89.4%	-$2.3B+32.1%	-$3.4B-22.6%	-$2.8B-63.6%	-$1.7B-262.6%	$1.0B-16.9%	$1.3B-40.1%	$2.1B-9.1%	$2.3B-39.5%	$3.8B-5.1%	$4.0B-12.9%	$4.6B-19.6%	$5.7B-3.4%	$5.9B-31.0%	$8.6B

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$53.3B+3.7%	$51.4B+1.3%	$50.8B-1.7%	$51.6B-4.4%	$54.0B+7.4%	$50.3B+2.7%	$49.0B-1.8%	$49.9B
Current Assets	$28.1B+7.5%	$26.2B+1.5%	$25.8B-3.0%	$26.6B-4.5%	$27.8B+14.0%	$24.4B+4.2%	$23.4B-0.9%	$23.7B
Cash & Equivalents	$1.1B-9.8%	$1.2B-1.4%	$1.2B+9.1%	$1.1B+8.6%	$1.0B+4.6%	$964.0M-11.2%	$1.1B-1.6%	$1.1B
Accounts Receivable	$5.3B+5.1%	$5.1B+20.9%	$4.2B-1.6%	$4.3B-12.8%	$4.9B+6.2%	$4.6B+21.5%	$3.8B-5.0%	$4.0B
Goodwill	$15.9B-0.3%	$15.9B+0.8%	$15.8B+0.6%	$15.7B-2.0%	$16.0B+2.1%	$15.7B+3.0%	$15.2B-2.4%	$15.6B
Total Liabilities	$43.6B+5.3%	$41.4B+0.5%	$41.2B-5.1%	$43.4B-5.4%	$45.9B+6.7%	$43.0B+1.2%	$42.5B-1.8%	$43.3B
Current Liabilities	$27.2B+11.0%	$24.5B+5.6%	$23.2B-7.5%	$25.1B-7.3%	$27.1B+16.0%	$23.3B+1.5%	$23.0B+4.1%	$22.1B
Long-Term Debt	$12.9B-4.4%	$13.5B-7.6%	$14.7B-2.6%	$15.1B-2.6%	$15.5B-5.1%	$16.3B+0.1%	$16.3B-4.8%	$17.1B
Total Equity	$9.6B-2.4%	$9.8B+5.2%	$9.4B+17.8%	$7.9B+1.2%	$7.8B+12.0%	$7.0B+14.4%	$6.1B-2.0%	$6.2B
Retained Earnings	$82.0M-73.3%	$307.0M+225.3%	-$245.0M+84.0%	-$1.5B+3.0%	-$1.6B+9.5%	-$1.7B+24.6%	-$2.3B+13.9%	-$2.7B

Not reported in any period shown, so not listed: Inventory.

AON Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

AON annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$3.5B	$3.5B+14.7%	$3.0B-11.6%	$3.4B+6.7%	$3.2B+47.5%	$2.2B-21.6%	$2.8B+51.7%	$1.8B+8.8%	$1.7B+129.7%	$734.0M-68.4%	$2.3B+15.8%	$2.0B+10.9%	$1.8B+3.4%	$1.8B+23.5%	$1.4B+39.4%	$1.0B
Capital Expenditures	$283.0M	$263.0M+20.6%	$218.0M-13.5%	$252.0M+28.6%	$196.0M+43.1%	$137.0M-2.8%	$141.0M-37.3%	$225.0M-6.3%	$240.0M+31.1%	$183.0M+17.3%	$156.0M-22.0%	$200.0M-21.9%	$256.0M+11.8%	$229.0M-14.9%	$269.0M+11.6%	$241.0M
Free Cash Flow	$3.2B	$3.2B+14.2%	$2.8B-11.5%	$3.2B+5.3%	$3.0B+47.8%	$2.0B-22.6%	$2.6B+64.1%	$1.6B+11.3%	$1.4B+162.4%	$551.0M-74.6%	$2.2B+20.0%	$1.8B+16.3%	$1.6B+2.1%	$1.5B+32.5%	$1.1B+48.0%	$777.0M
Investing Cash Flow	$1.5B	$286.0M+110.1%	-$2.8B-1406.9%	-$188.0M+58.1%	-$449.0M-1016.3%	$49.0M+107.2%	-$679.0M-196.5%	-$229.0M-838.7%	$31.0M-98.9%	$2.8B+392.1%	-$954.0M-591.3%	-$138.0M+74.7%	-$545.0M-60.8%	-$339.0M-291.5%	$177.0M+195.2%	-$186.0M
Financing Cash Flow	-$5.1B	-$4.2B-628.3%	$796.0M+127.8%	-$2.9B-60.1%	-$1.8B+7.0%	-$1.9B-8.6%	-$1.8B-617.4%	-$247.0M+85.5%	-$1.7B+48.0%	-$3.3B-153.9%	-$1.3B+23.9%	-$1.7B-29.6%	-$1.3B-14.7%	-$1.1B+28.4%	-$1.6B-77.0%	-$896.0M
Dividends Paid	$658.0M	$629.0M+11.9%	$562.0M+14.9%	$489.0M+5.6%	$463.0M+3.6%	$447.0M+8.5%	$412.0M+0.5%	$410.0M+7.3%	$382.0M+4.9%	$364.0M+5.5%	$345.0M+6.8%	$323.0M+18.3%	$273.0M+28.8%	$212.0M+3.9%	$204.0M+2.0%	$200.0M
Share Buybacks	$1.6B	$1.0B0.0%	$1.0B-63.0%	$2.7B-15.7%	$3.2B-9.6%	$3.5B+101.0%	$1.8B-10.1%	$2.0B+33.3%	$1.5B-38.7%	$2.4B+90.9%	$1.3B-18.9%	$1.6B-31.1%	$2.3B+104.2%	$1.1B-2.0%	$1.1B+35.9%	$828.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$556.0M+29.3%	$430.0M-69.2%	$1.4B+21.7%	$1.1B+44.2%	$796.0M+468.6%	$140.0M-88.3%	$1.2B+18.5%	$1.0B
Capital Expenditures	$73.0M+9.0%	$67.0M-9.5%	$74.0M+7.2%	$69.0M+7.8%	$64.0M+14.3%	$56.0M+1.8%	$55.0M-11.3%	$62.0M
Free Cash Flow	$483.0M+33.1%	$363.0M-72.6%	$1.3B+22.6%	$1.1B+47.4%	$732.0M+771.4%	$84.0M-92.7%	$1.1B+20.4%	$951.0M
Investing Cash Flow	-$49.0M-104.9%	$999.0M+54.2%	$648.0M+789.4%	-$94.0M-491.7%	$24.0M+108.2%	-$292.0M+49.4%	-$577.0M-2089.7%	$29.0M
Financing Cash Flow	-$858.0M-94.6%	-$441.0M+85.6%	-$3.1B-299.0%	-$768.0M-3100.0%	-$24.0M+93.1%	-$349.0M+54.6%	-$769.0M-10.0%	-$699.0M
Dividends Paid	$175.0M+8.0%	$162.0M+0.6%	$161.0M+0.6%	$160.0M-0.6%	$161.0M+9.5%	$147.0M+0.7%	$146.0M-0.7%	$147.0M
Share Buybacks	$600.0M+20.0%	$500.0M+100.0%	$250.0M0.0%	$250.0M0.0%	$250.0M0.0%	$250.0M+25.0%	$200.0M-33.3%	$300.0M

AON Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

AON annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	25.3%+0.9pp	24.4%-3.9pp	28.3%-1.1pp	29.4%+12.3pp	17.1%-8.0pp	25.1%+5.4pp	19.7%+5.3pp	14.3%+3.7pp	10.7%-8.6pp	19.3%+2.5pp	16.7%+0.4pp	16.3%+2.2pp	14.1%+0.3pp	13.9%-0.3pp	14.1%
Net Margin	21.5%+4.6pp	16.9%-2.3pp	19.2%-1.6pp	20.8%+10.5pp	10.3%-7.5pp	17.8%+3.9pp	13.9%+3.0pp	10.9%-1.7pp	12.6%-2.6pp	15.2%+0.2pp	15.0%+3.1pp	11.9%+2.2pp	9.7%+0.9pp	8.9%-0.1pp	8.9%
Return on Equity	39.5%-3.8pp	43.4%	N/A	N/A	118.3%+61.9pp	56.3%+10.9pp	45.4%+17.1pp	28.3%+0.7pp	27.6%+1.4pp	26.1%+2.4pp	23.7%+1.9pp	21.8%+7.7pp	14.1%+1.0pp	13.1%+0.6pp	12.5%
Return on Assets	7.3%+1.9pp	5.4%-2.1pp	7.5%-0.4pp	7.9%+4.0pp	3.9%-2.2pp	6.1%+0.9pp	5.2%+0.8pp	4.4%-0.4pp	4.8%-0.5pp	5.4%+0.1pp	5.3%+0.5pp	4.8%+1.0pp	3.8%+0.4pp	3.4%-0.1pp	3.4%
Current Ratio	1.11+0.1x	1.020.0x	1.000.0x	1.020.0x	1.00-0.1x	1.070.0x	1.060.0x	1.080.0x	1.070.0x	1.050.0x	1.040.0x	1.050.0x	1.060.0x	1.07-0.1x	1.13
Debt-to-Equity	1.57-1.1x	2.66	N/A	N/A	7.75+5.7x	2.08+0.1x	1.96+0.5x	1.44+0.2x	1.24+0.2x	1.07+0.2x	0.86+0.1x	0.73+0.3x	0.450.0x	0.480.0x	0.51
FCF Margin	18.7%+0.8pp	17.9%-5.9pp	23.8%-0.4pp	24.2%+7.5pp	16.8%-7.1pp	23.9%+9.3pp	14.6%+1.2pp	13.4%+7.9pp	5.5%-17.5pp	23.1%+4.0pp	19.1%+6.2pp	12.9%0.0pp	12.9%+2.9pp	10.0%+3.1pp	6.9%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Margin	21.6%-12.5pp	34.1%+6.0pp	28.1%+7.7pp	20.4%-0.3pp	20.7%-10.2pp	30.9%+4.6pp	26.3%+9.6pp	16.7%
Net Margin	13.0%-11.1pp	24.1%-15.3pp	39.4%+27.9pp	11.5%-2.5pp	13.9%-6.5pp	20.4%+3.1pp	17.3%+8.0pp	9.2%
Return on Equity	5.7%-6.6pp	12.3%-5.8pp	18.1%+12.3pp	5.8%-1.6pp	7.4%-6.4pp	13.8%+2.1pp	11.7%+6.2pp	5.5%
Return on Assets	1.0%-1.3pp	2.4%-1.0pp	3.3%+2.4pp	0.9%-0.2pp	1.1%-0.8pp	1.9%+0.5pp	1.5%+0.8pp	0.7%
Current Ratio	1.030.0x	1.070.0x	1.11+0.1x	1.060.0x	1.030.0x	1.050.0x	1.02-0.1x	1.07
Debt-to-Equity	1.350.0x	1.38-0.2x	1.57-0.3x	1.90-0.1x	1.97-0.4x	2.33-0.3x	2.66-0.1x	2.74
FCF Margin	11.4%+4.2pp	7.2%-23.6pp	30.8%+3.8pp	27.0%+9.4pp	17.6%+15.8pp	1.8%-25.8pp	27.6%+2.1pp	25.6%

Not reported in any period shown, so not listed: Gross Margin.

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Where Aon Plc Ranks

Frequently Asked Questions

What is Aon Plc's annual revenue?

Aon Plc (AON) reported $17.2B in total revenue for fiscal year 2025. This represents a 9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aon Plc's revenue growing?

Aon Plc (AON) revenue grew by 9.4% year-over-year, from $15.7B to $17.2B in fiscal year 2025.

Is Aon Plc profitable?

Yes, Aon Plc (AON) reported a net income of $3.7B in fiscal year 2025, with a net profit margin of 21.5%.

What is Aon Plc's EBITDA?

Aon Plc (AON) had EBITDA of $4.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Aon Plc have?

As of fiscal year 2025, Aon Plc (AON) had $1.2B in cash and equivalents against $14.7B in long-term debt.

What is Aon Plc's operating margin?

Aon Plc (AON) had an operating margin of 25.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Aon Plc's net profit margin?

Aon Plc (AON) had a net profit margin of 21.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Aon Plc pay dividends?

Yes, Aon Plc (AON) paid $2.91 per share in dividends during fiscal year 2025.

What is Aon Plc's return on equity (ROE)?

Aon Plc (AON) has a return on equity of 39.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aon Plc's free cash flow?

Aon Plc (AON) generated $3.2B in free cash flow during fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Aon Plc's operating cash flow?

Aon Plc (AON) generated $3.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Aon Plc's total assets?

Aon Plc (AON) had $50.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Aon Plc's capital expenditures?

Aon Plc (AON) invested $263.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Aon Plc buy back shares?

Yes, Aon Plc (AON) spent $1.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Aon Plc have outstanding?

Aon Plc (AON) had 214M shares outstanding as of fiscal year 2025.

What is Aon Plc's current ratio?

Aon Plc (AON) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.

What is Aon Plc's debt-to-equity ratio?

Aon Plc (AON) had a debt-to-equity ratio of 1.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aon Plc's return on assets (ROA)?

Aon Plc (AON) had a return on assets of 7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aon Plc's Piotroski F-Score?

Aon Plc (AON) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aon Plc's earnings high quality?

Aon Plc (AON) has an earnings quality ratio of 0.94x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Aon Plc cover its interest payments?

Aon Plc (AON) has an interest coverage ratio of 5.33x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.