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Aon plc (AON)

As-reported financials and SEC filings for Aon plc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Aon plc

Aon plc is a global professional services firm that provides risk management, insurance brokerage, reinsurance, and human capital consulting services. Its main business segments are Risk Capital, which offers insurance and reinsurance brokerage and consulting, and Human Capital, which delivers health, benefits, talent advisory, and retirement consulting services. Aon serves clients in over 120 countries across various industries and market segments.

Snapshot

Revenue
$17.18B
Revenue growth (YoY)
9.4%
Net income
$3.69B
Diluted EPS
$17.02
Gross margin
Operating margin
25.3%
Net margin
21.5%
FCF margin
18.7%
ROE
39.1%
net income / fiscal-year-end equity
P/E
16.8×
trailing when available, otherwise FY EPS
Market cap
$64.63B
Long-term debt / equity
1.55×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Aon

  • Revenue grew 9.4% to $17.2B in FY2025, slower than the 17.4% the year before.
  • Operating margin is 25.3% in FY2025, +8.1 pp against 17.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $4.2B, up 2.2% from Q2 FY2025.
  • Free cash flow was $3.2B in FY2025, 18.7% of revenue.
  • Net income rose 39.2% to $3.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Aon’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin25.3%
85th percentile of 27
Net margin21.5%
83rd percentile of 82
FCF margin18.7%
59th percentile of 55
Revenue growth (YoY)+9.4%
51st percentile of 88
ROE39.1%
99th percentile of 73
P/E16.8×
72nd percentile of 72
Long-term debt / equity1.55×
94th percentile of 48
Short interest3.60d
45th percentile of 87

Aon’s return on equity of 39.1% ranks in the 99th percentile of the 73 insurance companies reporting it. Aon’s long-term debt to equity of 1.55 ranks in the 94th percentile of the 48 insurance companies reporting it. Aon’s operating margin of 25.3% ranks in the 85th percentile of the 27 insurance companies reporting it.

6 reported insider purchases (code P) totaling $6.5M in the last 90 days, against 7 sales totaling $1.7M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
6
1 insider
Bought (90d)
$6.5M
code P value
Sells (90d)
7
$1.7M
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy7.2K$327.52$2.4M
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy5.1K$326.53$1.7M
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy4.1K$328.34$1.4M
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy1.7K$325.63$566K
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy1.4K$329.69$475K
2026-09-02
filed 2026-09-03
KNIGHT LESTER BDirectorBuy367$330.51$121K
2026-07-28
filed 2026-07-30
Zeidel DarrenGeneral CounselSell725$378.00$274K
2026-07-28
filed 2026-07-30
Zeidel DarrenGeneral CounselSell700$376.00$263K
2026-07-28
filed 2026-07-30
Zeidel DarrenGeneral CounselSell475$380.00$181K
2026-07-17
filed 2026-07-21
Zeidel DarrenGeneral CounselSell675$374.00$252K
2026-07-17
filed 2026-07-21
Zeidel DarrenGeneral CounselSell650$372.00$242K
2026-07-17
filed 2026-07-21
Zeidel DarrenGeneral CounselSell625$370.00$231K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.4M
settled 2026-08-14
Change vs prior
-31.5%
vs previous settlement
Days to cover
3.60
at avg daily volume
Avg daily volume
935.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.4M-31.5%3.60
2026-07-314.9M+8.0%3.05
2026-07-154.6M+23.2%4.04
2026-06-303.7M+2.9%1.61
2026-06-153.6M+20.0%2.41
2026-05-293.0M+4.8%1.97
2026-05-152.9M+20.4%1.83
2026-04-302.4M-2.1%1.89

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$17.18B$15.70B$13.38B$12.48B$12.19B
Gross profit
Operating income$4.34B$3.83B$3.79B$3.67B$2.09B
Net income$3.69B$2.65B$2.56B$2.59B$1.25B
Diluted EPS$17.02$12.49$12.51$12.14$5.55

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.48B$3.04B$3.44B$3.22B$2.18B
Capital expenditure$263.0M$218.0M$252.0M$196.0M$137.0M
Free cash flow$3.22B$2.82B$3.18B$3.02B$2.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$4.25B2.2%$551.0M$2.58
Q1 FY2026$5.03B6.4%$1.21B$5.63
Q4 FY2025$4.30B3.7%$1.69B$7.82
Q3 FY2025$4.00B7.4%$458.0M$2.11
Q2 FY2025$4.16B10.5%$579.0M$2.66
Q1 FY2025$4.73B16.2%$965.0M$4.43
Q4 FY2024$4.15B22.9%$716.0M$3.28
Q3 FY2024$3.72B26.0%$343.0M$1.57

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInsurance Agents, Brokers & Service
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK315293

Selected SEC filings

10-K2026-02-13
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
10-Q2025-07-25
View on EDGAR →
8-K2026-08-31
View on EDGAR →
8-K2026-08-17
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.