AON
Aon plcStock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 3000 0.10% · US Stock Market 0.09%$302.69-1.65%
as of market close, Sep 11, 2026
☾ AH — —
AON financial statements
The full income statement, balance sheet, and cash-flow statement for Aon plc (AON), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 217.2M2024-09 216.3M2024-12 216.0M2025-03 215.9M2025-06 215.6M2025-09 214.9M2025-12 214.3M2026-03 213.6M2026-06 212.1M-2.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.2B+9.4% | 15.7B+17.4% | 13.4B+7.2% | 12.5B+2.3% | 12.2B+10.2% | |
| Restructuring | 365M-6.2% | 389M+188.1% | 135M | 0.00 | 0.00 | |
| Provision for credit losses | 10.0M+42.9% | 7.00M-46.2% | 13.0M+62.5% | 8.00M-69.2% | 26.0M-10.3% | |
| Operating income | 4.34B+13.3% | 3.83B+1.3% | 3.79B+3.2% | 3.67B+75.6% | 2.09B-24.8% | |
| Interest expense | 815M+3.4% | 788M+62.8% | 484M+19.2% | 406M+26.1% | 322M-3.6% | |
| Other non-operating income | 1.21B+248.0% | 348M+313.5% | -163M-30.4% | -125M-182.2% | 152M+1069.2% | |
| Equity-method income | 10.0M+0.0% | 10.0M+100.0% | 5.00M-50.0% | 10.0M+25.0% | 8.00M+100.0% | |
| Pre-tax income | 4.76B+37.5% | 3.46B+9.2% | 3.17B+0.4% | 3.16B+63.4% | 1.93B-21.7% | |
| Income tax | 1.01B+36.0% | 742M+37.2% | 541M+6.1% | 510M-18.1% | 623M+39.1% | |
| 3.69B+39.2% | 2.65B+3.5% | 2.56B-1.0% | 2.59B+106.3% | 1.25B-36.3% | ||
| Net income to non-controlling interest | 55.0M-16.7% | 66.0M+3.1% | 64.0M+12.3% | 57.0M+7.5% | 53.0M+8.2% | |
| $17.02+36.3% | $12.49-0.2% | $12.51+3.0% | $12.14+118.7% | $5.55-34.3% | ||
| EPS (basic) | $17.11+36.3% | $12.55-0.4% | $12.60+3.0% | $12.23+118.8% | $5.59-34.2% | |
| Weighted-avg shares (basic) | 216M+2.1% | 211M+3.9% | 204M-3.9% | 212M-5.8% | 225M-3.1% | |
| Weighted-avg shares (diluted) | 217M+2.2% | 213M+3.7% | 205M-3.8% | 213M-5.7% | 226M-3.0% | |
| Dividends per share | $2.91+10.2% | $2.64+9.5% | $2.41+10.0% | $2.19+10.1% | $1.99+11.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 25.8B+10.0% | 23.4B+8.0% | 21.7B+4.7% | 20.7B+8.9% | 19.0B+1.9% | ||
| Cash & equivalents | 1.20B+10.1% | 1.08B+39.5% | 778M+12.8% | 690M+26.8% | 544M-38.5% | |
| Short-term investments | 1.60B+632.0% | 219M-40.7% | 369M-18.4% | 452M+54.8% | 292M-5.2% | |
| Accounts receivable | 4.21B+10.7% | 3.80B+16.9% | 3.25B+7.2% | 3.04B-1.9% | 3.09B+0.8% | |
| Prepaid expenses | 136M+0.7% | 135M+35.0% | 100M-8.3% | 109M-20.4% | 137M+23.4% | |
| Other current assets | 878M+15.7% | 759M-23.8% | 996M+54.2% | 646M-9.8% | 716M+14.7% | |
| 50.8B+3.7% | 49.0B+44.2% | 34.0B+3.8% | 32.7B+2.5% | 31.9B-0.6% | ||
| Property, plant & equipment | 702M+10.2% | 637M-0.2% | 638M+14.3% | 558M+5.5% | 529M-11.7% | |
| Operating lease right-of-use | 677M-4.8% | 711M+9.4% | 650M-7.0% | 699M-11.1% | 786M-13.7% | |
| Goodwill | 15.8B+3.7% | 15.2B+81.1% | 8.41B+1.5% | 8.29B-1.7% | 8.43B-2.7% | |
| Intangible assets | 5.73B-15.1% | 6.74B+2781.6% | 234M-47.7% | 447M-9.1% | 492M-23.1% | |
| Long-term investments | 192M+113.3% | 90.0M+100.0% | 45.0M-25.0% | 60.0M-6.3% | 64.0M-13.5% | |
| Deferred tax assets | 748M+14.4% | 654M-45.3% | 1.20B+45.0% | 824M+7.6% | 766M+5.8% | |
| Other non-current assets | 756M-24.2% | 998M+97.2% | 506M-0.6% | 509M-0.6% | 512M-16.1% | |
| 23.2B+1.0% | 23.0B+6.2% | 21.7B+6.6% | 20.3B+6.5% | 19.1B+9.4% | ||
| Accrued liabilities | 2.86B-1.5% | 2.90B+28.4% | 2.26B+7.0% | 2.11B-3.6% | 2.19B+8.7% | |
| Deferred revenue | 259M-7.5% | 280M+3.7% | 270M+8.0% | 250M-22.1% | 321M+8.4% | |
| Short-term & current debt | 589M-21.6% | 751M-37.6% | 1.20B+27.4% | 945M-18.8% | 1.16B+159.8% | |
| Current lease liability | 181M+2.8% | 176M+10.7% | 159M-2.5% | 163M-16.0% | 194M-4.9% | |
| Other current liabilities | 1.89B+6.4% | 1.77B-5.6% | 1.88B+39.4% | 1.35B+1.2% | 1.33B+13.7% | |
| Finance lease liability (current) | 0.00-100.0% | 15.0M-34.8% | 23.0M+0.0% | 23.0M+21.1% | 19.0M-36.7% | |
| 41.2B-3.1% | 42.5B+22.6% | 34.7B+4.7% | 33.1B+7.7% | 30.8B+7.8% | ||
| Long-term debt | 14.7B-9.9% | 16.3B+62.7% | 9.99B+1.7% | 9.82B+19.4% | 8.23B+13.0% | |
| Deferred revenue (non-current) | 30.0M+0.0% | 30.0M-9.1% | 33.0M-10.8% | 37.0M-47.1% | 70.0M-7.9% | |
| Non-current lease liability | 641M-6.4% | 685M+6.9% | 641M-7.5% | 693M-10.2% | 772M-13.9% | |
| Operating lease liability (total) | — | 861M+7.6% | 800M-6.5% | 856M-11.4% | 966M-12.3% | |
| Finance lease liability (total) | — | 15.0M-54.5% | 33.0M-35.3% | 51.0M-21.5% | 65.0M-31.6% | |
| Finance lease liability | 0.00 | 0.00-100.0% | 10.0M-64.3% | 28.0M-39.1% | 46.0M-29.2% | |
| Deferred tax liabilities | 340M+6.6% | 319M+177.4% | 115M+16.2% | 99.0M-75.3% | 401M+53.1% | |
| Other non-current liabilities | 1.28B+12.3% | 1.14B+6.5% | 1.07B+4.9% | 1.02B+12.5% | 910M+1.7% | |
| 9.35B+52.8% | 6.12B+841.0% | -826M-56.1% | -529M-149.9% | 1.06B-69.6% | ||
| Common stock | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | |
| Additional paid-in capital | 13.4B+2.0% | 13.2B+89.7% | 6.94B+1.2% | 6.86B+3.6% | 6.62B+4.9% | |
| Retained earnings | -245M+89.4% | -2.31B+32.1% | -3.40B-22.6% | -2.77B-63.6% | -1.69B-262.6% | |
| Accumulated other comprehensive income | -3.84B+19.0% | -4.75B-8.5% | -4.37B+5.4% | -4.62B-19.4% | -3.87B-0.3% | |
| Non-controlling interest | — | — | 84.0M-16.0% | 100M+3.1% | 97.0M+10.2% | |
| Total equity incl. non-controlling | 9.46B+50.0% | 6.30B+949.7% | -742M-73.0% | -429M-137.0% | 1.16B-67.7% | |
| Total liabilities & equity | 50.8B+3.7% | 49.0B+44.2% | 34.0B+3.8% | 32.7B+2.5% | 31.9B-0.6% | |
| Common shares issued | 215M-0.7% | 216M+8.8% | 199M-3.3% | 205M-4.4% | 215M-4.7% | |
| Shares outstanding (cover) | 214M-0.8% | 216M+8.9% | 198M-3.3% | 205M-4.1% | 214M-5.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.48B+14.7% | 3.04B-11.6% | 3.44B+6.7% | 3.22B+47.5% | 2.18B-21.6% | ||
| Depreciation & amortization | 188M+2.7% | 183M+9.6% | 167M+10.6% | 151M-15.6% | 179M+7.2% | |
| Share-based compensation | 432M-8.9% | 474M+8.2% | 438M+10.3% | 397M-11.6% | 449M+43.9% | |
| Deferred income taxes | -141M+54.7% | -311M+16.6% | -373M-48.0% | -252M-2390.9% | 11.0M+22.2% | |
| 286M+110.1% | -2.83B-1406.9% | -188M+58.1% | -449M-1016.3% | 49.0M+107.2% | ||
| Capital expenditure | 263M+20.6% | 218M-13.5% | 252M+28.6% | 196M+43.1% | 137M-2.8% | |
| Free cash flow | 3.22B+14.2% | 2.82B-11.5% | 3.18B+5.3% | 3.02B+47.8% | 2.04B-22.6% | |
| Acquisitions | 394M-88.8% | 3.51B+9917.1% | 35.0M-78.4% | 162M+1057.1% | 14.0M-96.2% | |
| -4.21B-628.3% | 796M+127.8% | -2.87B-60.1% | -1.79B+7.0% | -1.92B-8.6% | ||
| Long-term debt issued | 0.00-100.0% | 7.93B+965.3% | 744M-62.2% | 1.97B+31.6% | 1.50B+50.9% | |
| Long-term debt repaid | 1.85B-62.5% | 4.93B+1308.0% | 350M-30.0% | 500M+21.1% | 413M-32.0% | |
| Common stock issued | 70.0M-11.4% | 79.0M+9.7% | 72.0M+24.1% | 58.0M+5.5% | 55.0M+25.0% | |
| Common stock repurchased | 1.00B+0.0% | 1.00B-63.0% | 2.70B-15.7% | 3.20B-9.6% | 3.54B+101.0% | |
| Dividends paid | 629M+11.9% | 562M+14.9% | 489M+5.6% | 463M+3.6% | 447M+8.5% | |
| FX effect on cash | 678M+275.2% | -387M-246.6% | 264M+148.1% | -549M-133.6% | -235M-179.1% | |
| Net change in cash | 240M-60.7% | 611M-5.4% | 646M+49.9% | 431M+498.6% | 72.0M-88.6% | |
| Interest paid | 796M+21.0% | 658M+47.5% | 446M+27.1% | 351M+7.0% | 328M+0.6% | |
| Income taxes paid | 1.04B-1.6% | 1.05B+42.3% | 740M+35.5% | 546M+32.5% | 412M-9.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 75.6B-2.5% | 77.6B+33.1% | 58.3B-6.1% | 62.1B-3.4% | 64.3B+34.7% | |
| P/E | 20.5×-30.0% | 29.2×+36.6% | 21.4×-3.7% | 22.2×-56.6% | 51.2×+111.3% | |
| P/S | 4.4×-11.0% | 4.9×+11.4% | 4.4×-11.2% | 5.0×-5.3% | 5.3×+22.2% | |
| P/B | 8.1×-36.2% | 12.7× | — | — | 60.6×+343.7% | |
| P/FCF | 23.5×-14.7% | 27.5×+39.1% | 19.8×-6.0% | 21.1×-33.0% | 31.4×+74.0% | |
| Earnings yield | 4.9%+42.9% | 3.4%-26.8% | 4.7%+3.8% | 4.5%+130.7% | 2.0%-52.7% | |
| FCF yield | 4.3%+17.2% | 3.6%-28.1% | 5.1%+6.4% | 4.7%+49.3% | 3.2%-42.5% | |
| Dividend yield | 0.82%+12.2% | 0.74%-11.2% | 0.83%+13.5% | 0.73%+10.2% | 0.66%-21.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AON’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AON filings on SEC EDGAR → Not investment advice.