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MARKETS / NYSE / Financials / Insurance brokerage / 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
$17.2B
▲ 9.4% YoY
$3.7B
▲ 39.2% YoY
$3.2B
▲ 14.2% YoY

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

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
10B20B
2007201020132016201920222025
Compound annual growth
+11.2%
+9.2%
+6.1%
+4.8%
+12.6%
+13.4%
+11.9%
+15.0%
+13.3%
+14.0%
+9.9%
+10.3%
+9.7%
+11.1%
+10.8%
+8.8%
−10.3%
+2.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.2% a year over the five years to FY2025 — 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%
10%20%
200720162025
ROE
FY2025 · ROE 47.8%
20%40%
200720162025
Three returns, three denominators.
Gross margin·
Operating margin25.3%
Net margin21.8%
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
2B3B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.6 · Net buybacks ·
1B2BDividendsNet buybacks
2007201020132016201920222025
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—not applicable◌not available in our data
AON, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B17.215.713.412.512.211.111.010.810.09.49.512.011.811.511.38.57.67.57.2
Operating income $B4.33.83.83.72.12.82.21.51.11.81.62.01.71.61.61.21.00.91.0
EBITDA $B4.54.04.03.82.32.92.31.71.32.01.82.21.91.81.81.41.21.1◌
Income tax $B1.00.70.50.50.60.40.30.10.20.10.20.30.40.40.40.30.30.20.3
Net income $B3.72.72.62.61.32.01.51.21.31.41.41.41.11.01.00.70.81.50.9
Free cash flow $B3.22.83.23.02.02.61.61.40.62.21.81.61.51.10.80.60.40.91.1
EPS, diluted $17.0212.4912.5112.145.558.456.374.594.705.164.884.663.532.992.872.372.574.802.66
Dividend / sh $2.912.642.412.191.991.781.721.561.411.291.150.920.680.620.600.600.600.600.60
Payout %17211918362127332924231918202025221220
ROE %47.8———55.157.340.726.925.124.922.619.414.412.912.410.414.025.313.8
Shares out B◌◌◌◌◌◌◌◌◌◌0.270.280.300.310.320.330.27◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNYSE
Incorporated inoutside the United States — SEC code L2
Fiscal year endsDecember 31
Data on record since2007

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