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Aon plc AON Free cash flow

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Other financials

Income statement

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Revenue$5.0B+6.4%
Operating income$1.7B+17.4%
Net income$1.2B+25.6%
EPS (diluted)$5.63+27.1%

Balance sheet

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Cash & equivalents$1.2B+22.2%
Total debt$15.3B-16.5%
Total equity$9.8B+40.4%
Total assets$51.4B+2.2%

Cash flow

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Operating cash flow$430.0M+207%
CapEx$67.0M+19.6%

Valuation

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Market cap$67.48B-11.9%
Enterprise value$81.6B-13.1%
P/E17.1×-12.9×
P/S3.9×-0.8×

Profitability

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Operating margin26.3%+2.9pp
Net margin22.5%+7.0pp
FCF margin20%+3.9pp

Returns & leverage

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Return on equity46.8%
Debt / equity1.6×-1.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Aon plc’s reported figures.

The official record: Aon plc’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aon plc's free cash flow?
Aon plc (AON) reported free cash flow of $363M in Q1 2026.
How has Aon plc's free cash flow changed year-over-year?
Aon plc's free cash flow increased by 332.1% year-over-year, from $84M to $363M.
What is the long-term trend for Aon plc's free cash flow?
Over 4 years (2021 to 2025), Aon plc's free cash flow has grown at a 10.3% compound annual growth rate (CAGR), from $2.17B to $3.22B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.