Aon plc (AON) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2025, Aon reported revenue of $17.18B, up 9.4% from $15.70B the year before. Net income was $3.69B (a 21.5% net margin), or $17.02 per diluted share. Gross margin was 25.3% and operating margin was 25.3%. Operating activities generated $3.48B of cash, leaving $3.22B of free cash flow. At fiscal year end, Aon held $50.78B in total assets against $41.24B in total liabilities, including $1.20B of cash and equivalents.
Open the full interactive Aon financials → Quarterly statements, key ratios, valuation history and price charts.
Aon Key Stats
| Share Price | $274.71 |
|---|---|
| Market Cap | $58.76B |
| P/E Ratio | 16.1 |
| Revenue YoY Growth | +9.4% |
| 52-Week Range | $269.45 – $380.39 |
| Shares Outstanding | 213.2 million (basic, 2026 Q2) |
Aon Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.07B | $12.19B | $12.48B | $13.38B | $15.70B | $17.18B |
| Cost of Goods Sold | $8.29B | $10.10B | $8.81B | $9.59B | $11.86B | $12.84B |
| Gross Profit | $2.78B | $2.09B | $3.67B | $3.79B | $3.83B | $4.34B |
| Operating Income | $2.78B | $2.09B | $3.67B | $3.79B | $3.83B | $4.34B |
| Pre-Tax Income | $2.46B | $1.93B | $3.16B | $3.17B | $3.46B | $4.76B |
| Income Tax | $448.0M | $623.0M | $510.0M | $541.0M | $742.0M | $1.01B |
| Net Income | $1.97B | $1.25B | $2.59B | $2.56B | $2.65B | $3.69B |
| Diluted EPS | $8.45 | $5.55 | $12.14 | $12.51 | $12.49 | $17.02 |
Aon Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.00B | $4.30B | $5.03B | $4.25B |
| Net Income | $458.0M | $1.69B | $1.21B | $551.0M |
| Diluted EPS | $2.11 | $7.80 | $5.63 | $2.58 |
Aon Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $884.0M | $544.0M | $690.0M | $778.0M | $1.08B | $1.20B |
| Current Assets | $18.68B | $19.03B | $20.72B | $21.70B | $23.43B | $25.77B |
| Total Assets | $32.11B | $31.92B | $32.70B | $33.96B | $48.97B | $50.78B |
| Current Liabilities | $17.43B | $19.07B | $20.31B | $21.65B | $23.00B | $23.23B |
| Total Long-Term Debt | $7.73B | $9.39B | $10.77B | $11.20B | $17.02B | $15.25B |
| Total Liabilities | $28.53B | $30.76B | $33.13B | $34.70B | $42.53B | $41.24B |
| Shareholders' Equity | $3.50B | $1.06B | -$529.0M | -$826.0M | $6.12B | $9.35B |
Aon Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.78B | $2.18B | $3.22B | $3.44B | $3.04B | $3.48B |
| Cash From Investing | -$679.0M | $49.0M | -$449.0M | -$188.0M | -$2.83B | $286.0M |
| Cash From Financing | -$2.09B | -$1.92B | -$1.79B | -$2.87B | $796.0M | -$4.21B |
| Free Cash Flow | $2.64B | $2.04B | $3.02B | $3.18B | $2.82B | $3.22B |
Figures from Aon's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Aon financials page for every line item.
Aon Company Profile
| Ticker | AON |
|---|---|
| Exchange | NYSE |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | Dublin 2, Ireland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000315293 |
Frequently Asked Questions
What was Aon's revenue in fiscal 2025?
Aon (AON) reported revenue of $17.18B for fiscal 2025.
What is Aon's annual revenue history?
Aon's annual revenue by fiscal year: 2020: $11.07B; 2021: $12.19B; 2022: $12.48B; 2023: $13.38B; 2024: $15.70B; 2025: $17.18B.
What was Aon's net income in fiscal 2025?
Aon reported net income of $3.69B for fiscal 2025.
What was Aon's earnings per share (EPS) in fiscal 2025?
Aon's diluted EPS was $17.02 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Aon generate in fiscal 2025?
Aon generated $3.22B of free cash flow in fiscal 2025.
What was Aon's revenue last quarter?
In its most recent reported quarter (2026 Q2), Aon reported revenue of $4.25B.
How much debt does Aon have?
Aon reported $15.25B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Aon are outstanding?
Aon reported a weighted average of 213.2 million basic shares outstanding in 2026 Q2.
What is Aon's market cap?
Based on its latest closing price, Aon (AON) has a market capitalization of about $58.76B.
When does Aon's fiscal year end?
Aon's fiscal year end, as registered with the SEC, is December 31.
Where is Aon headquartered?
Aon lists its business address in Dublin 2, Ireland in its SEC filings.