Aon plc (AON) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$3.82

$3.72$3.95

vs $3.49+9.5%

20 analysts

Next Qtr

$3.42

$3.28$3.60

vs $3.05+12.0%

20 analysts

Current Yr

$19.13

$18.83$19.43

vs $17.07+12.1%

22 analysts

Next Yr

$21.42

$20.63$22.23

vs $19.13+12.0%

22 analysts

Revenue Estimates

Current Qtr

$4.31B

$4.25B$4.40B

vs $4.16B+3.6%

12 analysts

Next Qtr

$4.15B

$4.06B$4.22B

vs $4.00B+3.7%

12 analysts

Current Yr

$18.03B

$17.85B$18.27B

vs $17.18B+4.9%

16 analysts

Next Yr

$19.18B

$18.74B$19.57B

vs $18.03B+6.4%

16 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for AON on EDGAR.

AON filing events and research context
Filed	Item	Context
May 1, 2026	mda_quarterly	Aon reported strong first-quarter 2026 results, with total revenue increasing 6% to $5.03 billion, driven by 5% organic growth from net new business and high retention. Risk Capital revenue rose 10%, led by an 11% increase in Commercial Risk Solutions—bolstered by North American M&A services and U.S. P&C—and 8% growth in Reinsurance Solutions via treaty and facultative placements. Human Capital revenue declined slightly as the 19% drop in Wealth Solutions following the NFP Wealth divestiture offset 9% growth in Health Solutions. Operating margins expanded to 34.1%, supported by $25 million in net restructuring savings from the Accelerating Aon United program, which targets $450 million in annualized savings by 2027. Net income increased 26% to $1.24 billion, with diluted EPS rising to $5.63. Free cash flow grew 332% to $363 million, driven by strong adjusted operating income and lower cash taxes. While divestitures of NFP Wealth and Stroz Friedberg created a 3% revenue headwind, favorable currency translation provided a 4% tailwind. Key risks include global currency volatility and the implementation of OECD Pillar Two tax legislation.
Feb 13, 2026	business	Aon is a global professional services firm providing insurance and reinsurance placement, investment consulting, asset management, and human capital advisory across its Risk Capital, Commercial Risk, Health, and Wealth segments. Revenue is primarily driven by commissions and fees, leaving the firm sensitive to insurance market "softening" and economic downturns that reduce discretionary spending. The company faces intensifying competition from traditional brokers and "InsurTech" firms leveraging artificial intelligence. Financially, Aon manages approximately $15.2 billion in outstanding debt and is exposed to significant currency volatility, with 51.8% of revenue generated outside the U.S. Key regulatory risks include the OECD Pillar Two 15% global minimum tax and stringent data privacy mandates such as GDPR. Operationally, the firm is executing the "Accelerating Aon United" restructuring program, targeting $450 million in annualized savings by 2027 against an estimated $1.3 billion cost. As an Irish-incorporated holding company, Aon's ability to issue dividends and repurchase shares is contingent upon maintaining "distributable profits" under Irish law. Legal exposure is centered on Errors and Omissions (E&O) claims and fiduciary liabilities related to its investment advisory services.
Feb 13, 2026	mda	Aon reported 2025 revenue of $17.2 billion, a 9% increase driven by 6% organic growth and the NFP acquisition. Net income rose 38% to $3.8 billion, significantly bolstered by a $1.2 billion pre-tax gain from the divestiture of the NFP Wealth business to Madison Dearborn Partners. Risk Capital revenue grew 7% to $11.3 billion, with strong performance in U.S. core P&C, M&A services, and insurance-linked securities. Human Capital revenue increased 13% to $5.9 billion, fueled by global health and benefits brokerage and UK/EMEA retirement advisory demand. The company is executing the Accelerating Aon United restructuring program, which realized $160 million in annualized savings in 2025 and targets $450 million by 2027. Adjusted operating margin expanded to 32.4%, while free cash flow grew 14% to $3.2 billion. Aon maintains strong liquidity with $2 billion in committed credit facilities and continues its share repurchase program, spending $1 billion in 2025. Primary financial risks include the implementation of the OECD Pillar Two global minimum tax and foreign currency volatility across its 120-country footprint.

Filed

Item

Context

May 1, 2026

mda_quarterly

Aon reported strong first-quarter 2026 results, with total revenue increasing 6% to $5.03 billion, driven by 5% organic growth from net new business and high retention. Risk Capital revenue rose 10%, led by an 11% increase in Commercial Risk Solutions—bolstered by North American M&A services and U.S. P&C—and 8% growth in Reinsurance Solutions via treaty and facultative placements. Human Capital revenue declined slightly as the 19% drop in Wealth Solutions following the NFP Wealth divestiture offset 9% growth in Health Solutions. Operating margins expanded to 34.1%, supported by $25 million in net restructuring savings from the Accelerating Aon United program, which targets $450 million in annualized savings by 2027. Net income increased 26% to $1.24 billion, with diluted EPS rising to $5.63. Free cash flow grew 332% to $363 million, driven by strong adjusted operating income and lower cash taxes. While divestitures of NFP Wealth and Stroz Friedberg created a 3% revenue headwind, favorable currency translation provided a 4% tailwind. Key risks include global currency volatility and the implementation of OECD Pillar Two tax legislation.

Feb 13, 2026

business

Aon is a global professional services firm providing insurance and reinsurance placement, investment consulting, asset management, and human capital advisory across its Risk Capital, Commercial Risk, Health, and Wealth segments. Revenue is primarily driven by commissions and fees, leaving the firm sensitive to insurance market "softening" and economic downturns that reduce discretionary spending. The company faces intensifying competition from traditional brokers and "InsurTech" firms leveraging artificial intelligence. Financially, Aon manages approximately $15.2 billion in outstanding debt and is exposed to significant currency volatility, with 51.8% of revenue generated outside the U.S. Key regulatory risks include the OECD Pillar Two 15% global minimum tax and stringent data privacy mandates such as GDPR. Operationally, the firm is executing the "Accelerating Aon United" restructuring program, targeting $450 million in annualized savings by 2027 against an estimated $1.3 billion cost. As an Irish-incorporated holding company, Aon's ability to issue dividends and repurchase shares is contingent upon maintaining "distributable profits" under Irish law. Legal exposure is centered on Errors and Omissions (E&O) claims and fiduciary liabilities related to its investment advisory services.

Feb 13, 2026

mda

Aon reported 2025 revenue of $17.2 billion, a 9% increase driven by 6% organic growth and the NFP acquisition. Net income rose 38% to $3.8 billion, significantly bolstered by a $1.2 billion pre-tax gain from the divestiture of the NFP Wealth business to Madison Dearborn Partners. Risk Capital revenue grew 7% to $11.3 billion, with strong performance in U.S. core P&C, M&A services, and insurance-linked securities. Human Capital revenue increased 13% to $5.9 billion, fueled by global health and benefits brokerage and UK/EMEA retirement advisory demand. The company is executing the Accelerating Aon United restructuring program, which realized $160 million in annualized savings in 2025 and targets $450 million by 2027. Adjusted operating margin expanded to 32.4%, while free cash flow grew 14% to $3.2 billion. Aon maintains strong liquidity with $2 billion in committed credit facilities and continues its share repurchase program, spending $1 billion in 2025. Primary financial risks include the implementation of the OECD Pillar Two global minimum tax and foreign currency volatility across its 120-country footprint.

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