Income StatementBalance SheetCash FlowSegments
Aon plc logo

Aon plc Business Segments

Business, geographic, and product segment breakdowns

Aon plc generates $17.5B in annual revenue across 2 key segments: Human Capital ($5.9B), and Risk Capital ($11.6B). The company-wide operating margin is 26.3%. Based on the Q1 2026 filing.

Human Capital (TTM)$5.9BRisk Capital (TTM)$11.6B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$69.4B
P/E Ratio17.60
ROE46.82%

Products & Services

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Risk Solutions$2.2B$2.0B$2.2B$2.0B$2.3B$2.2B
Reinsurance Solutions$351.0M$1.2B$688.0M$537.0M$379.0M$1.3B
Health Solutions$1.1B$1.0B$772.0M$935.0M$1.1B$1.1B
Wealth Solutions$542.0M$519.0M$519.0M$540.0M$490.0M$420.0M

Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$11.0M$19.0M$32.0M-$3.0M$34.0M$19.0M
Human Capital$0.0$4.0M$6.0M-$1.0M$7.0M$5.0M

Expected cost

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$200.0M$200.0M$220.0M$230.0M$300.0M$286.0M
Human Capital$50.0M$50.0M$60.0M$60.0M$80.0M$74.0M

Geographic

Long-lived assets, including operating lease ROU assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas other than U.S.$29.3M$32.3M$32.3M$32.3M$32.3M—
Asia Pacific$52.3M$58.8M$58.8M$58.8M$58.8M—
Ireland$7.0M$7.0M$7.0M$7.0M$7.0M—
Other Europe, Middle East, & Africa$65.3M$75.3M$75.3M$75.3M$75.3M—
U.K.$36.0M$36.8M$36.8M$36.8M$36.8M—
U.S.$149.5M$134.8M$134.8M$134.8M$134.8M—

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.$2.2B$2.0B$2.0B$2.1B$2.2B$2.0B
Europe, Middle East, & Africa other than U.K. and Ireland$633.0M$1.3B$634.0M$555.0M$702.0M$1.5B
U.K.$407.0M$621.0M$610.0M$525.0M$464.0M$689.0M
Asia Pacific$446.0M$425.0M$430.0M$410.0M$446.0M$409.0M
Americas other than U.S.$387.0M$374.0M$395.0M$381.0M$483.0M$384.0M
Ireland$40.0M$45.0M$46.0M$42.0M$52.0M$53.0M

Business Segments

Business Combination, Number of Businesses Acquired

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital2.006.001.001.002.005.00
Human Capital4.001.001.004.002.000.00

Compensation and benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$1.3B$1.5B$1.5B$1.5B$1.4B$1.6B
Human Capital$762.0M$774.0M$796.0M$776.0M$714.0M$759.0M

Costs and Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$1.8B$2.0B$2.0B$1.9B$1.9B$2.1B
Human Capital$1.1B$1.1B$1.2B$1.1B$1.0B$1.1B

Foreign currency translation and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital-$40.0M$83.0M$218.0M$0.0$26.0M-$38.0M
Human Capital-$15.8M$50.0M$105.0M—$15.0M-$24.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$8.8B$9.2B$9.4B$9.5B$9.6B$9.7B
Human Capital$6.4B$6.5B$6.6B$6.2B$6.2B$6.2B

Goodwill related to current year acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$692.0M$340.0M$6.0M$104.0M$28.0M$190.0M
Human Capital$1.1B$11.0M$5.0M$10.0M$27.0M$0.0

Information technology

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$93.0M$90.0M$88.0M$94.0M$100.0M$96.0M
Human Capital$47.0M$45.0M$45.0M$44.0M$52.0M$46.0M

Investment income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$73.0M$65.0M$60.0M$72.0M$61.0M$53.0M
Human Capital$3.0M$2.0M$1.0M$3.0M$2.0M$2.0M

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$762.0M$1.2B$864.0M$585.0M$790.0M$1.4B
Human Capital$464.0M$403.0M$117.0M$332.0M$558.0M$443.0M

Operating margin

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital—37.5%30.1%23.2%—39.5%
Human Capital3.0%26.1%9.1%22.5%4.1%28.8%

Other expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$323.0M$391.0M$319.0M$335.0M$389.0M$339.0M
Human Capital$309.0M$294.0M$303.0M$295.0M$243.0M$264.0M

Premises

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$54.0M$52.0M$54.0M$56.0M$54.0M$53.0M
Human Capital$30.0M$29.0M$30.0M$28.0M$29.0M$27.0M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Risk Capital$2.5B$3.2B$2.9B$2.5B$2.7B$3.5B
Human Capital$1.6B$1.5B$1.3B$1.5B$1.6B$1.5B