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Aon plc AON Human Capital — Investment income

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Other financials

Income statement

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Revenue$4.2B+2.2%
Operating income$915.0M+6.5%
Net income$551.0M-4.8%
EPS (diluted)$2.58-3.0%

Balance sheet

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Cash & equivalents$1.1B+5.4%
Total debt$15.7B-12.8%
Total equity$9.6B+22.4%
Total assets$53.3B-1.2%

Cash flow

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Operating cash flow$556.0M-30.2%
CapEx$73.0M+14.1%
Free cash flow$483.0M-34.0%

Valuation

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Market cap$76.48B-1.6%
Enterprise value$91.12B-3.8%
P/E19.5×-10.3×
P/S4.4×-0.3×

Profitability

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Operating margin26.5%+2.4pp
Net margin22.3%+6.7pp
FCF margin18.5%+1.1pp

Returns & leverage

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Return on equity44.9%+6.9pp
Debt / equity1.6×-0.7×
Current ratio0.0×

Where this comes from

Reported directly by Aon plc in its filing.

Tagged under the XBRL concept us-gaap:InvestmentIncomeNet.

The source filing: Aon plc’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:08 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-050610

(1) Includes fiduciary investment income for the three and six months ended June 30, 2026 of $56 million and $109 million, respectively, in Risk Capital and $2 million and $4 million, respectively, in Human Capital. For the three and six months ended June 30, 2025, includes fiduciary investment income of $60 million and $125 million, respectively, in Risk Capital and $1 million and $2 million, respectively, in Human Capital.

Item 1. Financial Statements

FAQ

What is Aon plc's human capital — investment income?
Aon plc (AON) reported human capital — investment income of $2M in Q2 2026.
How has Aon plc's human capital — investment income changed year-over-year?
Aon plc's human capital — investment income increased by 100.0% year-over-year, from $1M to $2M.
What is the long-term trend for Aon plc's human capital — investment income?
Over 3 years (2022 to 2025), Aon plc's human capital — investment income has grown at a 100.0% compound annual growth rate (CAGR), from $1M to $8M.
What does human capital — investment income mean?
This metric reflects the income generated from the investment of cash balances or assets held specifically within the Human Capital segment's operations. It represents non-operating revenue derived from financial assets rather than core consulting or brokerage services. This income is sensitive to prevailing interest rates and the segment's cash management strategy.

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