MARKETS / NYSE / AON

NYSE · INSURANCE AGENTS, BROKERS & SERVICE · LARGE CAP

Aon PLC AON

19 fiscal years on record · USD · FY2025 reported · SEC filings only

14 YEARS OF DIVIDEND GROWTH

Revenue

$17.2B

▲ 9.4% YoY

Net income

$3.7B

▲ 39.2% YoY

Free cash flow

$3.2B

▲ 14.2% YoY

In brief

What this company does

Aon plc is a global professional services firm. It serves clients in more than 120 countries across all market segments and nearly every industry. It manages its business within two reportable segments, Risk Capital and Human Capital, which generated consolidated Total revenue of $17,181 million in 2025, including $11,290 million in Risk Capital and $5,907 million in Human Capital before certain intercompany eliminations. Within Risk Capital, Commercial Risk Solutions includes insurance and specialty brokerage, global risk consulting, captives management, and Affinity programs. Also within Risk Capital, Reinsurance Solutions includes treaty reinsurance, facultative reinsurance, Strategy and Technology Group and capital markets. Within Human Capital, Health Solutions includes consulting and brokerage, consumer benefits, compensation, and talent advisory services. Also within Human Capital, Wealth Solutions includes retirement consulting, pension administration, and investments consulting. As of December 31, 2025, it employed approximately 60,000 employees.

Written from the business description in Aon plc's annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth

USD 17.2B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 17.2 · Net income 3.7

Compound annual growth

Revenue

+11.2%

+9.2%

+6.1%

+4.8%

Net income

+12.6%

+13.4%

EPS, diluted

+11.9%

+15.0%

+13.3%

+14.0%

Dividend / share

+9.9%

+10.3%

+9.7%

+11.1%

Returned to shareholders

+10.8%

+8.8%

−10.3%

+2.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.2% a year over five years — but profit grew faster: net income at +13.4%, earnings per share at +15.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

22 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 25.3% · Net 21.8%

ROE

FY2025 · ROE 47.8%

Gross margin—

Operating margin25.3%

Net margin21.8%

Return on assets7.5%

EBITDAUSD 4.5B

Each USD of equity produced 48 cents of profit this year.

Cash & shareholders

USD 629.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 3.2

Net buybacks $B Dividends $B

FY2025 · Dividends 0.6 · Net buybacks —

Dividends paidUSD 629.0M

Net buybacks—

Share of profit17.0%

Consecutive raises14 years

USD 629.0M in dividends — 17% of the year's profit went back to shareholders.

Total assetsUSD 50.8B

EquityUSD 9.4B

CashUSD 1.2B

Gross debtUSD 15.2B

Net debtUSD 14.1B

Current ratio1.11×

Net debt stands at 150% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	17.2	15.7	13.4	12.5	12.2	11.1	11.0	10.8	10.0	9.4	9.5	12.0	11.8	11.5	11.3	8.5	7.6	7.5	7.2
Operating income $B	4.3	3.8	3.8	3.7	2.1	2.8	2.2	1.5	1.1	1.8	1.6	2.0	1.7	1.6	1.6	1.2	1.0	0.9	1.0
EBITDA $B	4.5	4.0	4.0	3.8	2.3	2.9	2.3	1.7	1.3	2.0	1.8	2.2	1.9	1.8	1.8	1.4	1.2	1.1	·
Income tax $B	1.0	0.7	0.5	0.5	0.6	0.4	0.3	0.1	0.2	0.1	0.2	0.3	0.4	0.4	0.4	0.3	0.3	0.2	0.3
Net income $B	3.7	2.7	2.6	2.6	1.3	2.0	1.5	1.2	1.3	1.4	1.4	1.4	1.1	1.0	1.0	0.7	0.8	1.5	0.9
Free cash flow $B	3.2	2.8	3.2	3.0	2.0	2.6	1.6	1.4	0.6	2.2	1.8	1.6	1.5	1.1	0.8	0.6	0.4	0.9	1.1
EPS, diluted $	17.02	12.49	12.51	12.14	5.55	8.45	6.37	4.59	4.70	5.16	4.88	4.66	3.53	2.99	2.87	2.37	2.57	4.80	2.66
Dividend / sh $	2.91	2.64	2.41	2.19	1.99	1.78	1.72	1.56	1.41	1.29	1.15	0.92	0.68	0.62	0.60	0.60	0.60	0.60	0.60
Payout %	17	21	19	18	36	21	27	33	29	24	23	19	18	20	20	25	22	12	20
ROE %	47.8	100.2	·	973.3	55.1	57.3	40.7	26.9	25.1	24.9	22.6	19.4	14.4	12.9	12.4	10.4	14.0	27.5	·
Shares out B	·	·	·	·	·	·	·	·	·	·	0.27	0.28	0.30	0.31	0.32	0.33	0.27	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Aon PLCvsMarsh & Mclennan Companies, Inc.Same industry: Insurance Agents, Brokers & Service Aon PLCvsArthur J. Gallagher & Co.Same industry: Insurance Agents, Brokers & Service Aon PLCvsEquitable Holdings, Inc.Same industry: Insurance Agents, Brokers & Service Aon PLCvsWillis Towers Watson PLCSame industry: Insurance Agents, Brokers & Service Aon PLCvsBrown & Brown, Inc.Same industry: Insurance Agents, Brokers & Service Aon PLCvsErie Indemnity Co.Same industry: Insurance Agents, Brokers & Service Aon PLCvsRyan Specialty Holdings, Inc.Same industry: Insurance Agents, Brokers & Service

Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInsurance Agents, Brokers & Service

Listed onNYSE

Incorporated inoutside the United States — SEC code L2

Fiscal year endsDecember 31

Data on record since2007