Income StatementBalance SheetCash FlowSegments
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Aon plc Cash Flow Statement

Operating, investing, and financing cash movements

Aon plc generated $3.8B in operating cash flow over the trailing twelve months. After $274.0M in capital expenditures, free cash flow was $3.5B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.8BNet Cash From Investing (TTM)$1.6BNet Cash From Financing (TTM)-$4.3BCapital Expenditures (TTM)$274.0MDepreciation And Amortization Cf (TTM)$188.0MNet Change In Cash (TTM)$1.3B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$69.4B
P/E Ratio17.60
ROE46.82%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from non-marketable securities$26.0M$20.0M$51.0M$43.0M$31.0M$17.0M
Acquisitions, net of cash acquired$495.0M$116.0M$27.0M$133.0M$118.0M$296.0M
Capital expenditures$55.0M$56.0M$64.0M$69.0M$74.0M$67.0M
Payments to Acquire Other Investments$36.0M$19.0M$23.0M$97.0M$33.0M$19.0M
Divestiture of businesses, net of cash transferred$14.0M$24.0M$95.0M$0.0$2.2B$1.0M
Proceeds from other investments$26.0M$20.0M$51.0M$43.0M$31.0M$17.0M
Net cash from investing activities-$577.0M-$292.0M$24.0M-$94.0M$648.0M$999.0M
Proceeds from sale of businesses$14.0M$24.0M$95.0M$0.0$2.2B$1.0M
Purchases of investments$36.0M$19.0M$23.0M$97.0M$33.0M$19.0M
Proceeds from divestiture of prepaid business$14.0M$24.0M$95.0M$0.0$2.2B$1.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Change in Pension and Postretirement Obligations—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Change in pension and postretirement obligations—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Change in accounts payable$429.0M-$846.0M———-$656.0M
Change in income taxes payable/receivable$119.0M$152.0M-$225.0M-$68.0M$255.0M$243.0M
Other working capital changes$303.0M-$350.0M-$314.0M——-$297.0M
Change in receivables—$742.0M$160.0M——$905.0M
Deferred income taxes-$165.0M-$117.0M-$125.0M——-$49.0M
Depreciation and amortization$47.0M$46.0M$47.0M$47.0M$48.0M$46.0M
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
Other Non-cash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Net cash from operating activities$1.2B$140.0M$796.0M$1.1B$1.4B$430.0M
Net income$734.0M$982.0M$594.0M$470.0M$1.7B$1.2B
Other non-cash income (expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Depreciation$47.0M$46.0M$47.0M$47.0M$48.0M$46.0M
Gain on sale of business and assets$4.0M$0.0$0.0$1.0M$1.2B$20.0M
Pension and other postretirement plans—-$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
Other Noncash Income (Expense)$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Other Non-cash Income and Expense$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Pension and postretirement benefit expense—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Other Non-Cash Adjustments$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Other Non-Cash Income and Expense$8.0M$17.0M$94.0M$5.0M$17.0M-$1.0M
Stock-based compensation$113.0M$147.0M$119.0M$106.0M$60.0M$82.0M
Change in Pension and Postretirement Obligations—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Change in pension and postretirement obligations—-$8.0M-$4.0M-$5.0M$0.0-$14.0M
Loss on Sale of Subsidiary$4.0M$0.0$0.0$1.0M$1.2B$20.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net change in commercial paper—$594.0M——-$400.0M$0.0
Repayments of debt$50.0M$0.0$300.0M$400.0M$1.2B$593.0M
Dividends paid$146.0M$147.0M$161.0M$160.0M$161.0M$162.0M
Increase (decrease) in fiduciary liabilities, net of fiduciary receivables—-$355.0M$924.0M$137.0M-$1.1B$955.0M
Payments For Repurchase Of Equity$200.0M$250.0M$250.0M$250.0M$250.0M$500.0M
Redeemable and nonredeemable noncontrolling interests, and other financing activities-$50.0M-$80.0M-$73.0M-$11.0M-$34.0M-$73.0M
Proceeds from (repayments of) short-term borrowings, net—$594.0M——-$400.0M$0.0
Net cash from financing activities—-$349.0M-$24.0M-$768.0M-$3.1B-$441.0M
Proceeds from issuance of common stock$18.0M$30.0M$3.0M$27.0M$10.0M$25.0M
Repurchases of common stock$200.0M$250.0M$250.0M$250.0M$250.0M$500.0M
Taxes paid for net share settlement$12.0M$141.0M$53.0M$7.0M$7.0M$93.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.1B$84.0M$732.0M$1.1B$1.3B$363.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$564.0M$196.0M$500.0M—$72.0M-$97.0M
Net increase (decrease) in cash—-$305.0M$1.3B$196.0M—$891.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$203.0M$233.0M$459.0M$189.0M—$120.0M
Interest paid$120.0M$273.0M$143.0M$273.0M—$271.0M
Income Taxes Paid, Net$203.0M$233.0M$459.0M$189.0M—$120.0M