Aon plc AON Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Human Capital | $1.54B-0.4% | $1.6B-1.0% | $1.48B+7.7% | $1.29B+14.8% | $1.55B+40.1% | |
| Risk Capital | $3.5B+9.7% | $2.71B+6.7% | $2.53B+7.2% | $2.87B+8.2% | $3.19B+7.3% | |
| Costs and Expenses by Business | ||||||
| Human Capital | $1.1B-4.0% | $1.04B-9.6% | $1.14B-2.1% | $1.17B+13.4% | $1.14B+59.5% | |
| Risk Capital | $2.12B+6.3% | $1.92B+8.1% | $1.94B+8.1% | $2B+7.3% | $1.99B+11.4% | |
| Operating Income (Loss) by Business | ||||||
| Human Capital | $443M+9.9% | $558M+20.3% | $332M+64.4% | $117M+30.0% | $403M+4.1% | |
| Risk Capital | $1.38B+15.5% | $790M+3.7% | $585M+4.3% | $864M+10.2% | $1.2B+1.0% | |
| Foreign currency translation and other by Business | ||||||
| Human Capital | -$24M-148% | $15M+195% | —— | $105M+767% | $50M+417% | |
| Risk Capital | -$38M-146% | $26M+165% | $0+100% | $218M+645% | $83M+308% | |
| Investment income by Business | ||||||
| Human Capital | $2M0.0% | $2M-33.3% | $3M+50.0% | $1M-50.0% | $2M+100% | |
| Risk Capital | $53M-18.5% | $61M-16.4% | $72M-13.3% | $60M-17.8% | $65M-16.7% | |
| Operating margin by Business | ||||||
| Human Capital | 28.8%+2.7pp | 4.1%+1.1pp | 22.5%+7.7pp | 9.1%+1.1pp | 26.1%-9.0pp | |
| Risk Capital | 39.5%+2.0pp | —— | 23.2%-0.6pp | 30.1%+0.5pp | 37.5%-2.3pp | |
| Business Combination, Number of Businesses Acquired by Business | ||||||
| Human Capital | 0-100% | 2-50.0% | 4-20.0% | 1-66.7% | 1— | |
| Risk Capital | 5-16.7% | 20.0% | 1-66.7% | 1-80.0% | 6— | |
| Other expenses by Business | ||||||
| Human Capital | $264M-10.2% | $243M-21.4% | $295M-15.5% | $303M+17.4% | $294M+121% | |
| Risk Capital | $339M-13.3% | $389M+20.4% | $335M+21.4% | $319M-3.0% | $391M+31.6% | |
| Compensation and benefits by Business | ||||||
| Human Capital | $759M-1.9% | $714M-6.3% | $776M+4.9% | $796M+12.1% | $774M+46.9% | |
| Risk Capital | $1.63B+11.7% | $1.38B+5.4% | $1.46B+6.4% | $1.54B+10.9% | $1.46B+7.9% | |
| Information technology by Business | ||||||
| Human Capital | $46M+2.2% | $52M+10.6% | $44M-6.4% | $45M+15.4% | $45M+28.6% | |
| Risk Capital | $96M+6.7% | $100M+7.5% | $94M+1.1% | $88M-5.4% | $90M+1.1% | |
| Goodwill by Business | ||||||
| Human Capital | $6.22B-4.2% | $6.25B-3.1% | $6.21B— | $6.6B— | $6.5B— | |
| Risk Capital | $9.7B+5.5% | $9.55B+8.7% | $9.5B— | $9.42B— | $9.2B— | |
| Premises by Business | ||||||
| Human Capital | $27M-6.9% | $29M-3.3% | $28M-9.7% | $30M+7.1% | $29M+38.1% | |
| Risk Capital | $53M+1.9% | $54M0.0% | $56M-1.8% | $54M0.0% | $52M+4.0% | |
| Goodwill related to current year acquisitions by Business | ||||||
| Human Capital | $0-100% | $27M-97.5% | $10M-99.1% | $5M-99.5% | $11M-99.0% | |
| Risk Capital | $190M-44.1% | $28M-96.0% | $104M-85.0% | $6M-99.1% | $340M-50.9% | |
| Total Revenue by Product | ||||||
| Commercial Risk Solutions | $2.22B+11.0% | $2.33B+6.5% | $1.99B+7.3% | $2.18B+8.1% | $2B+10.7% | |
| Health Solutions | $1.12B+9.1% | $1.11B+3.4% | $935M+7.5% | $772M+16.6% | $1.03B+40.0% | |
| Reinsurance Solutions | $1.28B+7.6% | $379M+8.0% | $537M+6.8% | $688M+8.3% | $1.19B+1.9% | |
| Wealth Solutions | $420M-19.1% | $490M-9.6% | $540M+8.2% | $519M+12.1% | $519M+40.3% | |
| Charges by Product | ||||||
| Human Capital | $5M+25.0% | $7M— | -$1M-125% | $6M-50.0% | $4M-63.6% | |
| Risk Capital | $19M0.0% | $34M+209% | -$3M-127% | $32M-34.7% | $19M-55.8% | |
| Expected cost by Product | ||||||
| Human Capital | $74M+48.0% | $80M+60.0% | $60M— | $60M— | $50M— | |
| Risk Capital | $286M+43.0% | $300M+50.0% | $230M— | $220M— | $200M— | |
| Total Revenue by Geography | ||||||
| Americas other than U.S. | $384M+2.7% | $483M+24.8% | $381M+44.9% | $395M+9.1% | $374M+15.8% | |
| Asia Pacific | $409M-3.8% | $446M0.0% | $410M+0.5% | $430M+4.4% | $425M+3.7% | |
| Europe, Middle East, & Africa other than U.K. and Ireland | $1.49B+18.0% | $702M+10.9% | $555M+12.8% | $634M+12.0% | $1.26B+4.4% | |
| Ireland | $53M+17.8% | $52M+30.0% | $42M+10.5% | $46M+31.4% | $45M+36.4% | |
| U.K. | $689M+11.0% | $464M+14.0% | $525M+20.1% | $610M+11.3% | $621M+6.5% | |
| U.S. | $2.01B+0.4% | $2.15B-3.6% | $2.08B0.0% | $2.04B+11.1% | $2B+32.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Aon plc break its business down?
- Aon plc (AON) reports total revenue by business across 2 parts — Human Capital and Risk Capital. Each is extracted from the segment footnotes and tracked over time.
- Where does Aon plc's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Aon plc's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
