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Aon plc AON Risk Capital — Expected cost

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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$76.36B-2.4%
Enterprise value$90.99B-4.4%
P/E19.5×-10.6×
P/S4.3×-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:RestructuringAndRelatedCostExpectedCost1.

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

The Program is currently expected to result in cumulative costs of $1.3 billion, consisting of approximately $1.2 billion of cash charges and approximately $0.1 billion of non-cash charges. For the three and six months ended June 30, 2026, total Program costs incurred were $96 million and $188 million, respectively. Over the life of the Program, the Risk Capital segment is expected to incur approximately $290 million of charges, while the Human Capital segment is expected to incur approximately $70 million of charges, with the remaining charges relating to corporate expenses.

Item 1. Financial Statements

FAQ

What is Aon plc's risk capital — expected cost?
Aon plc (AON) reported risk capital — expected cost of $290M in Q2 2026.
How has Aon plc's risk capital — expected cost changed year-over-year?
Aon plc's risk capital — expected cost increased by 31.8% year-over-year, from $220M to $290M.
What does risk capital — expected cost mean?
This metric represents the anticipated expenses associated with delivering services or maintaining operations within the Risk Capital segment. It is used for internal budgeting and forecasting to ensure that service delivery remains aligned with financial targets. Monitoring these costs helps management identify potential variances in operational spending.

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