Aon plc AON

Financials SIC 6411 - Insurance Agents, Brokers & Service NAICS Finance and Insurance › Insurance Carriers and Related Activities › Agencies, Brokerages, and Other Insurance Related Activities › Insurance Agencies and Brokerages derived NYSE

Aon plc (which may be referred to as "Aon," the "Company," "we," "us," or "our") is a leading global professional services firm. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise and locally relevant solutions, our colleagues provide clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

With clients around the world facing growing uncertainty and volatility, we remain focused on accelerating our Aon United strategy to serve clients as one globally connected firm and driving innovation to address unmet and evolving client need. We serve clients in more than 120 countries across all market segments and nearly every industry. This diversification of our client base helps provide our firm with stability in different economic scenarios that could affect specific industries, customer segments, or geographies.

Last close 303.52 2026-10-23
Market cap $64.38B 2026-06-30 share count
52-week range 266.33 - 382.34

Valuation FY2025 figures against the last close

P/S3.7x
P/E17.8x
P/FCF20.0x
EV/EBITDA17.0x
Dividend yield1.0%
Diluted EPS17.02

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Europe, Middle East, & Africa other than U.K. and Ireland
  • U.K.
  • Asia Pacific
  • Americas other than U.S.
  • Ireland
Revenue by geography, 6 categories over 1 years. The same figures are in the table below. FY2025 U.S., FY2025: 8.3B (48.2%) 48% U.S. Europe, Middle East, & Africa other than U.K. and Ireland, FY2025: 3.2B (18.4%) 18% U.K., FY2025: 2.2B (12.9%) 13% U.K. Asia Pacific, FY2025: 1.7B (10.0%) 10% Asia Pacific Americas other than U.S., FY2025: 1.6B (9.5%) 10% Ireland, FY2025: 185M (1.1%)
Region FY2025
U.S. $8.28B
Europe, Middle East, & Africa other than U.K. and Ireland $3.15B
U.K. $2.22B
Asia Pacific $1.71B
Americas other than U.S. $1.63B
Ireland $185.0M

As the company reported it, from the “Revenue from Contracts with Customers - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $17.18B$15.70B$13.38B$12.48B$12.19B$11.07B$11.01B$10.77B$10.00B$9.41B
Total operating expenses $12.84B$11.86B$9.59B$8.81B$10.10B$8.29B$8.84B$9.23B$8.93B$7.60B
Operating income $4.34B$3.83B$3.79B$3.67B$2.09B$2.78B$2.17B$1.54B$1.06B$1.81B
Interest expense $815.0M$788.0M$484.0M$406.0M$322.0M$334.0M$307.0M$278.0M$282.0M$282.0M
Pre-tax income $4.76B$3.46B$3.17B$3.16B$1.93B$2.47B$1.87B$1.25B$685.0M$1.40B
Income tax $1.01B$742.0M$541.0M$510.0M$623.0M$448.0M$297.0M$146.0M$250.0M$148.0M
Net income $3.75B$2.72B$2.63B$2.65B$1.31B$1.97B$1.53B$1.17B$1.26B$1.43B
EPS, basic 17.1112.5512.6012.235.598.496.424.624.745.21
EPS, diluted 17.0212.4912.5112.145.558.456.374.594.705.16
Shares, diluted (wtd. avg.) 217.1M212.5M205.0M213.2M226.1M233.1M240.6M247.0M260.7M270.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.20B$1.08B$778.0M$690.0M$544.0M$884.0M$790.0M$656.0M$756.0M$426.0M
Short-term investments $1.60B$219.0M$369.0M$452.0M$292.0M$308.0M$138.0M$172.0M$529.0M$290.0M
Receivables $4.21B$3.80B$3.25B$3.04B$3.09B$3.07B$3.11B$2.76B$2.48B$2.11B
Total current assets $25.77B$23.43B$21.70B$20.72B$19.03B$18.68B$16.48B$14.37B$13.68B$13.15B
Property, plant and equipment $702.0M$637.0M$638.0M$558.0M$529.0M$599.0M$621.0M$588.0M$564.0M$550.0M
Goodwill $15.80B$15.23B$8.41B$8.29B$8.43B$8.67B$8.16B$8.17B$8.36B$7.41B
Other intangibles $5.73B$6.74B$234.0M$447.0M$492.0M$640.0M$783.0M$1.15B$1.73B$1.89B
Total assets $50.78B$48.97B$33.96B$32.70B$31.92B$32.11B$29.41B$26.42B$26.09B$26.61B
Accounts payable $2.86B$2.90B$2.26B$2.11B$2.19B$2.02B$1.94B$1.94B$9.62B$8.96B
Short-term debt $589.0M$751.0M$1.20B$945.0M$1.16B$448.0M$712.0M$251.0M$299.0M$336.0M
Total current liabilities $23.23B$23.00B$21.65B$20.31B$19.07B$17.43B$15.57B$13.30B$12.76B$12.49B
Long-term debt $14.66B$16.27B$9.99B$9.82B$8.23B$7.28B$6.63B$5.99B$5.67B$5.87B
Total liabilities $41.24B$42.53B$34.70B$33.13B$30.76B$28.53B$25.96B$22.20B$21.44B$21.08B
Retained earnings -$245.0M-$2.31B-$3.40B-$2.77B-$1.69B$1.04B$1.25B$2.09B$2.30B$3.81B
Total equity $9.35B$6.12B-$742.0M-$429.0M$1.16B$3.58B$3.44B$4.22B$4.65B$5.58B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.48B$3.04B$3.44B$3.22B$2.18B$2.78B$1.83B$1.69B$734.0M$2.33B
Depreciation and amortisation $188.0M$183.0M$167.0M$151.0M$179.0M$167.0M$172.0M$176.0M$187.0M$162.0M
Stock-based compensation $432.0M$474.0M$438.0M$397.0M$449.0M$312.0M$317.0M$338.0M$319.0M$306.0M
Capital expenditure $263.0M$218.0M$252.0M$196.0M$137.0M$141.0M$225.0M$240.0M$183.0M$156.0M
Investing cash flow $286.0M-$2.83B-$188.0M-$449.0M$49.0M-$679.0M-$229.0M$31.0M$2.79B-$954.0M
Financing cash flow -$4.21B$796.0M-$2.87B-$1.79B-$1.92B-$1.77B-$247.0M-$1.70B-$3.27B-$1.29B
Dividends paid $629.0M$562.0M$489.0M$463.0M$447.0M$412.0M$410.0M$382.0M$364.0M$345.0M
Buybacks —$1.00B$2.70B$3.20B$3.54B$1.76B—$1.45B$2.42B$1.26B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187428.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 9.4B Net income, FY2016: 1.4B Revenue, FY2017: 10B Net income, FY2017: 1.3B Revenue, FY2018: 10.8B Net income, FY2018: 1.2B Revenue, FY2019: 11B Net income, FY2019: 1.5B Revenue, FY2020: 11.1B Net income, FY2020: 2B Revenue, FY2021: 12.2B Net income, FY2021: 1.3B Revenue, FY2022: 12.5B Net income, FY2022: 2.6B Revenue, FY2023: 13.4B Net income, FY2023: 2.6B Revenue, FY2024: 15.7B Net income, FY2024: 2.7B Revenue, FY2025: 17.2B Net income, FY2025: 3.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.41B $10.00B $10.77B $11.01B $11.07B $12.19B $12.48B $13.38B $15.70B $17.18B
Gross profit — — — — — — — — — —
Net income $1.43B $1.26B $1.17B $1.53B $1.97B $1.31B $2.65B $2.63B $2.72B $3.75B

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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