Income StatementBalance SheetCash FlowSegments
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Aon plc Income Statement

Revenue, expenses, and profitability over time

Aon plc generated $17.5B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $3.9B with a 22.54% net margin. Diluted EPS is $18.21, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$17.5BOperating Income (TTM)$4.6BNet Income (TTM)$3.9BEps Diluted (TTM)$18.21
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$69.4B
P/E Ratio17.60
ROE46.82%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)—-$16.0M-$38.0M$11.0M—$9.0M
Unrealized Foreign Currency Transaction Gain (Loss)—-$16.0M-$38.0M$11.0M—$9.0M
Foreign Currency Transaction Gain (Loss)—-$16.0M-$38.0M$11.0M—$9.0M
Other Non-Cash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Cash Paid for Interest$120.0M$273.0M$143.0M$273.0M—$271.0M
Foreign exchange gains (losses)—-$16.0M-$38.0M$11.0M—$9.0M
Other non-cash income (expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Investment Income, Interest and Dividend$4.0M$5.0M$0.0$0.0$14.0M$12.0M
Income from equity method investments—-$2.0M$3.0M$4.0M—$0.0
Gain on Sale of Business$4.0M$0.0$0.0$1.0M$1.2B$20.0M
Gain (loss) on disposal of assets—$0.0$0.0$1.0M—$20.0M
Foreign Currency Transaction Gain (Loss), Pre-tax—-$16.0M-$38.0M$11.0M—$9.0M
Other Charges$2.0M-$10.0M$56.0M-$13.0M$1.2B$5.0M
Foreign Currency Transaction Gain (Loss)—-$16.0M-$38.0M$11.0M—$9.0M
Interest expense$206.0M$206.0M$212.0M$206.0M$191.0M$179.0M
Interest income$4.0M$5.0M$0.0$0.0$14.0M$12.0M
Change in Receivables—$742.0M$160.0M——$905.0M
OCI Defined Benefit Plans—-$47.0M$1.0M-$28.0M—-$27.0M
Other Non-Cash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Foreign currency transaction gain (loss)—-$16.0M-$38.0M$11.0M—$9.0M
Foreign Currency Transaction Gain (Loss), Before Tax—-$16.0M-$38.0M$11.0M—$9.0M
Other income (expense), net$2.0M-$10.0M$56.0M-$13.0M$1.2B$5.0M
Other Non-cash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Other Non-Cash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Share-Based Compensation Expense$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Information Technology and Data Processing$142.0M$136.0M$136.0M$140.0M$156.0M$144.0M
Goodwill Foreign Currency Translation Gain (Loss)—$133.0M$323.0M——-$62.0M
Stock-based compensation expense—-$111.0M-$50.0M$20.0M—-$68.0M
Compensation and benefits$2.1B$2.2B$2.4B$2.3B$2.1B$2.4B
Defined Benefit Plan Contributions—$30.0M$24.0M$26.0M—$28.0M
Depreciation and amortization$47.0M$46.0M$47.0M$47.0M$48.0M$46.0M
Stock-based compensation expense$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Occupancy and equipment$84.0M$82.0M$85.0M$85.0M$85.0M$81.0M
Other expenses—$801.0M$715.0M$697.0M—$701.0M
Other operating expenses—$801.0M$715.0M$697.0M—$701.0M
Share-Based Compensation Expense—-$111.0M-$50.0M$20.0M—-$68.0M
Provision for credit losses—$3.0M$3.0M$4.0M—$7.0M
Restructuring charges$69.0M$110.0M$94.0M$32.0M$129.0M$92.0M
Share-Based Compensation$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Total operating expenses$3.1B$3.3B$3.3B$3.2B$3.1B$3.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share (Paid)—$0.7$0.7$0.7—$0.7
Capital Expenditures$55.0M$56.0M$64.0M$69.0M$74.0M$67.0M
Tax Withholding for Share-Based Payments$12.0M$141.0M$53.0M$7.0M$7.0M$93.0M
Common stock dividends per share cash paid—$0.7$0.7$0.7—$0.7
Other Comprehensive Income (Loss), Net of Tax—$289.0M$613.0M-$72.0M—-$85.0M
OCI Attributable to Noncontrolling Interest—$0.0$0.0$0.0—$0.0
OCI - Defined benefit plan, net of tax—-$47.0M$1.0M-$28.0M—-$27.0M
Other comprehensive income (loss), net of tax—$239.0M$604.0M-$91.0M—-$108.0M
Common Stock Dividends Per Share (Cash Paid)—$0.7$0.7$0.7—$0.7
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$3.0M$10.0M-$9.0M—-$4.0M
Other Comprehensive Income (Loss)—-$47.0M$1.0M-$28.0M—-$27.0M
Unrealized Gain (Loss) on Securities—$3.0M$10.0M-$9.0M—-$4.0M
Acquisitions, Net of Cash—$116.0M$27.0M$133.0M—$296.0M
Change in Accounts Payable and Accrued Liabilities—-$846.0M———-$656.0M
Change in Income Taxes Payable—$152.0M-$225.0M-$68.0M—$243.0M
Effect of Exchange Rate on Cash (Continuing Operations)—$196.0M$500.0M——-$97.0M
Net Change in Cash and Restricted Cash—-$305.0M$1.3B$196.0M—$891.0M
Common Dividends Per Share Paid—$0.7$0.7$0.7—$0.7
OCI Attributable to Parent—$289.0M$613.0M-$72.0M—-$85.0M
Cash Dividend per Common Share—$0.7$0.7$0.7—$0.7
OCI Cash Flow Hedge Before Reclassification and Tax—$2.0M$20.0M-$9.0M—-$5.0M
OCI Defined Benefit Plan Net of Tax—-$47.0M$1.0M-$28.0M—-$27.0M
Number of reportable segments—2.00———2.00
Other comprehensive income (loss), after-tax—$289.0M$613.0M-$72.0M—-$85.0M
Income Taxes Paid, Net$203.0M$233.0M$459.0M$189.0M—$120.0M
Interest Paid, Net$120.0M$273.0M$143.0M$273.0M—$271.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$3.0M$10.0M-$9.0M—-$4.0M
Foreign currency translation and other—$1.0M$3.0M$0.0—$4.0M
Accounts Receivable, Allowance for Credit Loss, Write Off, Net Of Recoveries—$5.0M$1.0M$9.0M—$2.0M
Share-based compensation expense related to employee stock plans—$147.0M$119.0M$106.0M—$82.0M
Amortization and impairment of intangible assets$185.0M$199.0M$201.0M$193.0M$185.0M$152.0M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$0.0$400.0K$0.0—$200.0K
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$1.3B$1.2B$386.0M—$1.1B
Revenue recognized from deferred revenue—$230.0M$236.0M$258.0M—$213.0M
Deferred consideration on divestiture—$20.0M$88.0M$0.0$84.0M—
Deferred and other income taxes-$165.0M-$117.0M-$125.0M——-$49.0M
Contributions to benefit plan—$30.0M$24.0M$26.0M—$28.0M
Depreciation$47.0M$46.0M$47.0M$47.0M$48.0M$46.0M
Dividends, Common Stock, Cash—$146.0M$162.0M$161.0M—$160.0M
Effective tax rates—$0.2$0.2$0.2—$0.2
Gain (Loss), Foreign Currency Transaction, before Tax—-$16.0M-$38.0M$11.0M—$9.0M
Financial instruments and other—$31.0M$112.0M-$8.0M—-$9.0M
Gain on sale of business and assets$4.0M$0.0$0.0$1.0M$1.2B$20.0M
Gain on disposition of business—$0.0—$1.0M—$20.0M
Goodwill Additions—$351.0M$11.0M$114.0M—$190.0M
Foreign Currency Translation and Other Adjustments—$133.0M$323.0M——-$62.0M
Income Taxes Paid, Net$203.0M$233.0M$459.0M$189.0M—$120.0M
Accounts payable and other current liabilities$429.0M-$846.0M———-$656.0M
Increase Decrease In Accrued Income Taxes Payable$119.0M$152.0M-$225.0M-$68.0M$255.0M$243.0M
Increase (Decrease) in Other Operating Assets and Liabilities, Net$303.0M-$350.0M-$314.0M——-$297.0M
Pension and other postretirement benefits contributions—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Increase Decrease In Restructuring Reserve—-$6.0M$21.0M-$44.0M$56.0M$14.0M
Increase (decrease) in fiduciary liabilities, net of fiduciary receivables—-$355.0M$924.0M$137.0M-$1.1B$955.0M
Add - Incremental shares under stock-based compensation plans (in shares)—$1.5M$1.1M$1.0M—$1.1M
Data processing and equipment$142.0M$136.0M$136.0M$140.0M$156.0M$144.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$120.0M$273.0M$143.0M$273.0M—$271.0M
Loss on disposition of business—$0.0———$0.0
Noncontrolling Interest, Change in Redemption Value—-$11.0M-$1.0M-$4.0M—$3.0M
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders—$14.0M$40.0M$2.0M—$10.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—-$349.0M-$24.0M-$768.0M-$3.1B-$441.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$577.0M-$292.0M$24.0M-$94.0M$648.0M$999.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.2B$140.0M$796.0M$1.1B$1.4B$430.0M
Net Income Loss Attributable To Noncontrolling Interest—$17.0M$15.0M$12.0M—$27.0M
Net Income Loss Attributable To Redeemable Noncontrolling Interest—$4.0M$1.0M$0.0—$1.0M
Net loss—$986.0M$593.0M$470.0M—$1.2B
Number of completed acquisitions—7.002.005.00—5.00
Number of dispositions—0.001.002.00—0.00
Number of reportable segments—$2.0———$2.0
Operating margin—30.9%20.7%20.4%—34.1%
Cash flow hedges—$2.0M$20.0M-$9.0M—-$5.0M
Foreign currency translation gains (losses)—$239.0M$604.0M-$91.0M—-$108.0M
Other comprehensive income (loss)—$289.0M$613.0M-$72.0M—-$85.0M
Other comprehensive income/(loss)—$289.0M$613.0M-$72.0M—-$85.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$47.0M$1.0M-$28.0M—-$27.0M
Net unrealized gains (losses) on securities still held—$3.0M$10.0M-$9.0M—-$4.0M
Other general expense$409.0M$446.0M$373.0M$425.0M$372.0M$411.0M
Other Noncash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Other income, net (Note 6)$2.0M-$10.0M$56.0M-$13.0M$1.2B$5.0M
Payments for (Proceeds from) Marketable Securities—$145.0M$8.0M-$169.0M—-$1.4B
Payments For Repurchase Of Equity$200.0M$250.0M$250.0M$250.0M$250.0M$500.0M
Payments of Ordinary Dividends, Common Stock$146.0M$147.0M$161.0M$160.0M$161.0M$162.0M
Payment, Tax Withholding, Share-Based Payment Arrangement$12.0M$141.0M$53.0M$7.0M$7.0M$93.0M
Payments to Acquire Businesses, Net of Cash Acquired$495.0M$116.0M$27.0M$133.0M$118.0M$296.0M
Payments to Acquire Other Investments—$19.0M$23.0M$97.0M—$19.0M
Payments to Acquire Property, Plant, and Equipment$55.0M$56.0M$64.0M$69.0M$74.0M$67.0M
Pension Cost (Reversal Of Cost) And Other Postretirement Benefits Cost (Reversal Of Cost)—$23.0M———$15.0M
Divestiture of businesses, net of cash transferred$14.0M$24.0M$95.0M$0.0$2.2B$1.0M
Proceeds from Issuance of Common Stock$18.0M$30.0M$3.0M$27.0M$10.0M$25.0M
Redeemable and nonredeemable noncontrolling interests, and other financing activities-$50.0M-$80.0M-$73.0M-$11.0M-$34.0M-$73.0M
Net change in commercial paper—$594.0M——-$400.0M$0.0
Other investments, net of payments  $26.0M$20.0M$51.0M$43.0M$31.0M$17.0M
Net additions (releases) charged to costs and expenses—$3.0M$3.0M$4.0M—$7.0M
Repayments of Long-Term Debt$50.0M$0.0$300.0M$400.0M$1.2B$593.0M
Revenue From Contract With Customer Excluding Assessed Tax$4.1B$4.7B$4.2B$4.0B$4.3B$5.0B
Stock-based compensation$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture—-$111.0M-$50.0M$20.0M—-$68.0M
Shares repurchased (in shares)—600K———1.5M
Value of shares repurchased—$250.0M$250.0M$250.0M—$500.0M
Average price paid (in dollars per share)—$393.67$361.25$362.00—$322.63
Unrealized Gain (Loss) on Derivatives, Net—$2.0M$20.0M-$9.0M—-$5.0M
Cash Dividends, Common Stock$146.0M$147.0M$161.0M$160.0M$161.0M$162.0M
Cash Flow Hedge Reclassification, After Tax—-$2.0M$8.0M$2.0M—$1.0M
Foreign Currency Translation Adjustment, Net of Tax—$239.0M$604.0M-$91.0M—-$108.0M
OCI Defined Benefit Plan, After Tax—-$47.0M$1.0M-$28.0M—-$27.0M
Other Comprehensive Income (Loss)—$1.3B$1.2B$386.0M—$1.1B
OCI Pension Adjustments—-$47.0M$1.0M-$28.0M—-$27.0M
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$289.0M$613.0M-$72.0M—-$85.0M
OCI Net of Tax, Parent—$289.0M$613.0M-$72.0M—-$85.0M
OCI Pension Reclassification Adjustment, Pre-tax—-$47.0M$1.0M-$28.0M—-$27.0M
OCI Attributable to Parent—$289.0M$613.0M-$72.0M—-$85.0M
OCI Defined Benefit Plan, Net of Tax—-$47.0M$1.0M-$28.0M—-$27.0M
Stock Repurchased During Period, Value—$250.0M$250.0M$250.0M—$500.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Cash Paid for Income Taxes$203.0M$233.0M$459.0M$189.0M—$120.0M
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$203.0M$233.0M$459.0M$189.0M—$120.0M
Income tax expense$157.0M$268.0M$109.0M$127.0M$505.0M$314.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Deferred Income Tax Expense-$165.0M-$117.0M-$125.0M——-$49.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$203.0M$233.0M$459.0M$189.0M—$120.0M
Effective Income Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Deferred and Other Income Taxes-$165.0M-$117.0M-$125.0M——-$49.0M
Income and Other Taxes$203.0M$233.0M$459.0M$189.0M—$120.0M
Effective Tax Rate Continuing Operations—$0.2$0.2$0.2—$0.2

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common stock dividends per share cash paid—$0.7$0.7$0.7—$0.7
Dividends Per Share, Cash Paid—$0.7$0.7$0.7—$0.7
Common Stock Dividends Per Share Cash Paid—$0.7$0.7$0.7—$0.7
Basic earnings per share$3.31$4.46$2.68$2.12$7.85$5.66
Diluted earnings per share$3.29$4.43$2.66$2.11$7.81$5.63
Common Stock Dividends Per Share (Cash Paid)—$0.7$0.7$0.7—$0.7
Antidilutive Securities Excluded from EPS—0400K0—200K
Dividends per common share—$0.7$0.7$0.7—$0.7
Dividends per share, cash paid—$0.68$0.74$0.74—$0.74
Dividends Per Share (Paid)—$0.7$0.7$0.7—$0.7
Common Stock Dividends Per Share (Cash Paid)—$0.7$0.7$0.7—$0.7
Common stock dividends per share cash paid—$0.7$0.7$0.7—$0.7
Common stock dividends per share cash paid—$0.7$0.7$0.7—$0.7
Weighted-average shares, basic1.7M216.4M216.2M215.7M—214.3M
Weighted-average shares, diluted1.9M217.9M217.3M216.7M—215.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$146.0M$147.0M$161.0M$160.0M$161.0M$162.0M
Cash Dividends, Common Stock—$146.0M$162.0M$161.0M—$160.0M
Net income attributable to noncontrolling interests—$17.0M$15.0M$12.0M—$27.0M
OCI Attributable to Parent—$289.0M$613.0M-$72.0M—-$85.0M
Net income$716.0M$965.0M$579.0M$458.0M$1.7B$1.2B
Common Stock Dividends$146.0M$147.0M$161.0M$160.0M$161.0M$162.0M
Distributions to Noncontrolling Interest Holders—$14.0M$40.0M$2.0M—$10.0M
Noncontrolling Interest Redemptions——$9.0M$1.0M—$3.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$891.0M$1.3B$703.0M$597.0M$2.2B$1.6B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.1B$1.5B$859.0M$816.0M$1.2B$1.7B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Investment and other income$4.0M$5.0M$0.0$0.0$14.0M$12.0M
Total revenue$4.1B$4.7B$4.2B$4.0B$4.3B$5.0B