Aon revenue and financials
$273.95Change from previous close: +0.70%Absolute change: +$1.90
In the fiscal year ended December 2025, Aon reported revenue of $17.18B (+9.45% year over year). Net income was $3.7B, a net margin of 21.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.45%
- 2025 vs 2024
- Net income growth
- +39.22%
- 2025 vs 2024
- Net margin
- 21.5%
- 2024: 16.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,481 | 3,035 | 3,435 | 3,219 | 2,182 | 2,783 | 1,835 | 1,686 | 734 | 2,326 |
| Depreciation and amortization | 188 | 183 | 167 | 151 | 179 | 167 | 172 | 176 | 187 | 162 |
| Capital expenditure | -263 | -218 | -252 | -196 | -137 | -141 | -225 | -240 | -183 | -156 |
| Investing cash flow | 286 | -2,833 | -188 | -449 | 49.0 | — | — | — | — | — |
| Financing cash flow | -4,205 | 796 | -2,865 | -1,790 | -1,924 | — | — | — | — | — |
| Dividends paid | -629 | -562 | -489 | -463 | -447 | -412 | -410 | -382 | -364 | -345 |
| Share repurchases | -1,208 | -1,202 | -2,941 | -3,418 | -3,728 | — | — | — | -2,399 | -1,257 |
| Debt issued | 0.0 | 8,206 | 1,102 | 2,669 | 2,734 | — | — | — | — | — |
| Debt repaid | -2,240 | -5,519 | -377 | -565 | -413 | — | — | — | — | — |
| Effect of exchange rates | 678 | -387 | 264 | -549 | -235 | — | — | — | — | — |
| Net change in cash | 240 | 611 | 646 | 431 | 72.0 | — | — | — | — | — |
| Free cash flow | 3,218 | 2,817 | 3,183 | 3,023 | 2,045 | — | — | — | — | — |
| Levered free cash flow | 3,060 | 3,415 | 2,637 | 2,568 | 1,939 | — | — | — | — | — |