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Aon plc AON Human Capital — Operating Income (Loss)

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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$76.52B-2.4%
Enterprise value$91.16B-4.4%
P/E19.6×-10.6×
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:OperatingIncomeLoss.

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
Line itemThree Months Ended June 30, / Risk Capital / 2026Three Months Ended June 30, / Risk Capital / 2025Three Months Ended June 30, / Human Capital / 2026Three Months Ended June 30, / Human Capital / 2025Three Months Ended June 30, / Corporate/Eliminations / 2026Three Months Ended June 30, / Corporate/Eliminations / 2025Three Months Ended June 30, / Total Consolidated / 2026Three Months Ended June 30, / Total Consolidated / 2025
Premises56542830118585
Other expenses (2)40031928330313093813715
Total operating expenses2,0902,0021,0771,1741641203,3313,296
Operating income$916$864$167$117$(168)$(122)$915$859
Operating margin30.5%30.1%13.4%9.1%21.5%20.7%
Non-operating expenses
Interest income5
Interest expense(179)(212)

Item 1. Financial Statements

FAQ

What is Aon plc's human capital — operating income (loss)?
Aon plc (AON) reported human capital — operating income (loss) of $167M in Q2 2026.
How has Aon plc's human capital — operating income (loss) changed year-over-year?
Aon plc's human capital — operating income (loss) increased by 42.7% year-over-year, from $117M to $167M.
What is the long-term trend for Aon plc's human capital — operating income (loss)?
Over 3 years (2022 to 2025), Aon plc's human capital — operating income (loss) has grown at a 13.6% compound annual growth rate (CAGR), from $961M to $1.41B.
What does human capital — operating income (loss) mean?
This metric represents the profit or loss generated by the Human Capital business segment after deducting operating expenses from segment revenue. It serves as a primary indicator of the segment's core operational profitability and its contribution to the overall firm's bottom line. This figure excludes corporate-level overhead, interest, and tax expenses.

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