Source: Aon plc's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$9.41B
$10.00B
$10.77B
$11.01B
$11.07B
$12.19B
$12.48B
$13.38B
$15.70B
$17.18B
Operating income
$1.81B
$1.06B
$1.54B
$2.17B
$2.78B
$2.09B
$3.67B
$3.79B
$3.83B
$4.34B
Interest expense
$282.00M
$282.00M
$278.00M
$307.00M
$334.00M
$322.00M
$406.00M
$484.00M
$788.00M
$815.00M
Pre-tax income
$1.40B
$685.00M
$1.25B
$1.87B
$2.47B
$1.93B
$3.16B
$3.17B
$3.46B
$4.76B
Income tax
$148.00M
$250.00M
$146.00M
$297.00M
$448.00M
$623.00M
$510.00M
$541.00M
$742.00M
$1.01B
Net income
$1.40B
$1.23B
$1.13B
$1.53B
$1.97B
$1.25B
$2.59B
$2.56B
$2.65B
$3.69B
EBITDA
$1.97B
$1.25B
$1.72B
$2.34B
$2.95B
$2.27B
$3.82B
$3.95B
$4.02B
$4.53B
EPS (basic)
$5.21
$4.74
$4.62
$6.42
$8.49
$5.59
$12.23
$12.60
$12.55
$17.11
EPS (diluted)
$5.16
$4.70
$4.59
$6.37
$8.45
$5.55
$12.14
$12.51
$12.49
$17.02
Diluted shares
270.30M
260.70M
247.00M
240.60M
233.10M
226.10M
213.20M
205.00M
212.50M
217.10M
Operating margin
19.2%
10.7%
14.3%
19.7%
25.1%
17.1%
29.4%
28.3%
24.4%
25.3%
Net margin
14.8%
12.3%
10.5%
13.9%
17.8%
10.3%
20.7%
19.2%
16.9%
21.5%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$426.00M
$756.00M
$656.00M
$790.00M
$884.00M
$544.00M
$690.00M
$778.00M
$1.08B
$1.20B
Short-term investments
$290.00M
$529.00M
$172.00M
$138.00M
$308.00M
$292.00M
$452.00M
$369.00M
$219.00M
$1.60B
Receivables
$2.11B
$2.48B
$2.76B
$3.11B
$3.07B
$3.09B
$3.04B
$3.25B
$3.80B
$4.21B
Total current assets
$13.15B
$13.68B
$14.37B
$16.48B
$18.68B
$19.03B
$20.72B
$21.70B
$23.43B
$25.77B
Goodwill
$7.41B
$8.36B
$8.17B
$8.16B
$8.67B
$8.43B
$8.29B
$8.41B
$15.23B
$15.80B
Total assets
$26.61B
$26.09B
$26.42B
$29.41B
$32.11B
$31.92B
$32.70B
$33.96B
$48.97B
$50.78B
Total current liabilities
$12.49B
$12.76B
$13.30B
$15.57B
$17.43B
$19.07B
$20.31B
$21.65B
$23.00B
$23.23B
Short-term debt
$336.00M
$299.00M
$251.00M
$712.00M
$448.00M
$1.16B
$945.00M
$1.20B
$751.00M
$589.00M
Long-term debt
$5.87B
$5.67B
$5.99B
$6.63B
$7.28B
$8.23B
$9.82B
$9.99B
$16.27B
$14.66B
Total debt
$6.21B
$5.97B
$6.24B
$7.34B
$7.73B
$9.39B
$10.77B
$11.20B
$17.02B
$15.25B
Total liabilities
$21.08B
$21.44B
$22.20B
$25.96B
$28.53B
$30.76B
$33.13B
$34.70B
$42.53B
$41.24B
Shareholders' equity
$5.47B
$4.58B
$4.15B
$3.38B
$3.50B
$1.06B
-$529.00M
-$826.00M
$6.12B
$9.35B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$2.33B
$734.00M
$1.69B
$1.83B
$2.78B
$2.18B
$3.22B
$3.44B
$3.04B
$3.48B
Capital expenditures
$156.00M
$183.00M
$240.00M
$225.00M
$141.00M
$137.00M
$196.00M
$252.00M
$218.00M
$263.00M
Free cash flow
$2.17B
$551.00M
$1.45B
$1.61B
$2.64B
$2.04B
$3.02B
$3.18B
$2.82B
$3.22B
Investing cash flow
-$954.00M
$2.79B
$31.00M
-$229.00M
-$679.00M
$49.00M
-$449.00M
-$188.00M
-$2.83B
$286.00M
Financing cash flow
-$1.29B
-$3.27B
-$1.70B
-$247.00M
-$1.77B
-$1.92B
-$1.79B
-$2.87B
$796.00M
-$4.21B
Dividends paid
$345.00M
$364.00M
$382.00M
$410.00M
$412.00M
$447.00M
$463.00M
$489.00M
$562.00M
$629.00M
Share buybacks
$1.26B
$2.40B
—
—
—
—
—
—
—
—
Stock-based compensation
$306.00M
$319.00M
$338.00M
$317.00M
$312.00M
$449.00M
$397.00M
$438.00M
$474.00M
$432.00M
Depreciation & amortization
$162.00M
$187.00M
$176.00M
$172.00M
$167.00M
$179.00M
$151.00M
$167.00M
$183.00M
$188.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$3.38B
$4.07B
$3.76B
$3.72B
$4.15B
$4.73B
$4.16B
$4.00B
$4.30B
$5.03B
$4.25B
$4.10B
Operating income
$779.00M
$1.47B
$656.00M
$623.00M
$1.09B
$1.46B
$859.00M
$816.00M
$1.21B
$1.72B
$915.00M
$809.00M
Interest expense
$124.00M
$144.00M
$225.00M
$213.00M
$206.00M
$206.00M
$212.00M
$206.00M
$191.00M
$179.00M
$179.00M
$206.00M
Pre-tax income
$609.00M
$1.42B
$698.00M
$449.00M
$891.00M
$1.25B
$703.00M
$597.00M
$2.21B
$1.55B
$724.00M
$612.00M
Income tax
$102.00M
$331.00M
$160.00M
$94.00M
$157.00M
$268.00M
$109.00M
$127.00M
$505.00M
$314.00M
$159.00M
$126.00M
Net income
$498.00M
$1.07B
$524.00M
$343.00M
$716.00M
$965.00M
$579.00M
$458.00M
$1.69B
$1.21B
$551.00M
$476.00M
EBITDA
$827.00M
$1.51B
$701.00M
$670.00M
$1.14B
$1.51B
$906.00M
$863.00M
$1.26B
$1.76B
$964.00M
$858.00M
EPS (basic)
$2.50
$5.38
$2.47
$1.58
$3.31
$4.46
$2.68
$2.12
$7.85
$5.66
$2.58
$2.24
EPS (diluted)
$2.48
$5.35
$2.46
$1.57
$3.29
$4.43
$2.66
$2.11
$7.81
$5.63
$2.58
$2.23
Diluted shares
—
200.10M
213.30M
218.40M
—
217.90M
217.30M
216.70M
—
215.40M
213.90M
213.00M
Operating margin
23.1%
36.0%
17.4%
16.7%
26.3%
30.9%
20.7%
20.4%
28.1%
34.1%
21.5%
19.7%
Net margin
14.8%
26.3%
13.9%
9.2%
17.3%
20.4%
13.9%
11.5%
39.4%
24.1%
13.0%
11.6%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$778.00M
$995.00M
$974.00M
$1.10B
$1.08B
$964.00M
$1.01B
$1.09B
$1.20B
$1.18B
$1.06B
$2.02B
Short-term investments
$369.00M
$5.41B
$182.00M
$196.00M
$219.00M
$366.00M
$379.00M
$207.00M
$1.60B
$238.00M
$205.00M
$13.30B
Receivables
$3.25B
$4.04B
$4.46B
$4.00B
$3.80B
$4.62B
$4.91B
$4.28B
$4.21B
$5.09B
$5.35B
$4.78B
Total current assets
$21.70B
$28.62B
$25.54B
$23.65B
$23.43B
$24.41B
$27.82B
$26.57B
$25.77B
$26.16B
$28.11B
$39.89B
Goodwill
$8.41B
$8.30B
$15.28B
$15.61B
$15.23B
$15.70B
$16.02B
$15.70B
$15.80B
$15.93B
$15.88B
$15.90B
Total assets
$33.96B
$40.77B
$51.45B
$49.88B
$48.97B
$50.30B
$54.01B
$51.64B
$50.78B
$51.43B
$53.35B
$65.14B
Total current liabilities
$21.65B
$21.84B
$23.50B
$22.10B
$23.00B
$23.33B
$27.07B
$25.10B
$23.23B
$24.54B
$27.23B
$25.17B
Short-term debt
$1.20B
$606.00M
$4.00M
$0
$751.00M
$1.35B
$1.84B
$1.74B
$589.00M
$1.12B
$2.02B
$1.72B
Long-term debt
$9.99B
$15.92B
$17.61B
$17.09B
$16.27B
$16.28B
$15.45B
$15.05B
$14.66B
$13.54B
$12.95B
$26.32B
Total debt
$11.20B
$16.52B
$17.61B
$17.09B
$17.02B
$17.63B
$17.29B
$16.79B
$15.25B
$14.66B
$14.97B
$28.04B
Total liabilities
$34.70B
$40.80B
$45.30B
$43.33B
$42.53B
$43.03B
$45.92B
$43.44B
$41.24B
$41.45B
$43.64B
$54.92B
Shareholders' equity
-$826.00M
-$133.00M
$5.86B
$6.24B
$6.12B
$7.00B
$7.84B
$7.94B
$9.35B
$9.83B
$9.60B
$10.10B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$1.26B
$309.00M
$513.00M
$1.01B
$1.20B
$140.00M
$796.00M
$1.15B
$1.40B
$430.00M
$556.00M
$1.19B
Capital expenditures
$49.00M
$48.00M
$53.00M
$62.00M
$55.00M
$56.00M
$64.00M
$69.00M
$74.00M
$67.00M
$73.00M
$94.00M
Free cash flow
$1.21B
$261.00M
$460.00M
$951.00M
$1.15B
$84.00M
$732.00M
$1.08B
$1.32B
$363.00M
$483.00M
$1.10B
Investing cash flow
-$240.00M
-$4.96B
$2.68B
$29.00M
-$577.00M
-$292.00M
$24.00M
-$94.00M
$648.00M
$999.00M
-$49.00M
-$13.17B
Financing cash flow
-$1.66B
$5.26B
-$3.00B
-$699.00M
-$769.00M
-$349.00M
-$24.00M
-$768.00M
-$3.06B
-$441.00M
-$858.00M
$13.35B
Dividends paid
$123.00M
$123.00M
$146.00M
$147.00M
$146.00M
$147.00M
$161.00M
$160.00M
$161.00M
$162.00M
$175.00M
$174.00M
Stock-based compensation
$117.00M
$130.00M
$117.00M
$114.00M
$113.00M
$147.00M
$119.00M
$106.00M
$60.00M
$82.00M
$122.00M
$104.00M
Depreciation & amortization
$48.00M
$44.00M
$45.00M
$47.00M
$47.00M
$46.00M
$47.00M
$47.00M
$48.00M
$46.00M
$49.00M
$49.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.