PerpEquities

Equity · Financial services

Is Aon (AON) tradable as a perp? Not yet

Aon plc is a professional services firm offering risk, health, and wealth solutions, including brokerage, consulting, and reinsurance, headquartered in Dublin.

Not yet listed on any perp exchange

No perpetual-futures venue lists AON yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:AON

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Company data

Company fundamentals

Updated 5h ago
Market cap
$62.7B
Updated 5h ago
Revenue
$17.6B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+22.3%
P/E
16.2
Peer P/E 20.9
Free cash flow
$3.2B
Trailing 12 months
More metrics
Net income
$3.9B
Trailing 12 months
P/S
3.6
Peer P/E
20.9
Similar listed perps
Revenue estimate
$17.9B
Next fiscal year
Earnings
2026-10-30
Revenue est. $4.1B · Updated 5h ago
Dividend
$0.82
2026-08-03

Fundamental detail

Annual + quarterly
Latest revenue$17.2B
Net margin+21.5%
Free cash flow$3.2B
Net debt$15.3B
2020$11.1B
2021$12.2B
2022$12.5B
2023$13.4B
2024$15.7B
2025$17.2B
PeriodRevenueGrowthNet incomeFCF
2020$11.1B0%$2B$2.6B
2021$12.2B+10%$1.3B$2B
2022$12.5B+2%$2.6B$3B
2023$13.4B+7%$2.6B$3.2B
2024$15.7B+17%$2.7B$2.8B
2025$17.2B+9%$3.7B$3.2B
PeriodGross marginOperating marginNet marginROEROA
2020+46.6%+25.1%+17.8%+56.3%+6.1%
2021+44.7%+17.1%+10.3%+118.3%+3.9%
2022+48.1%+29.4%+20.7%-489.4%+7.9%
2023+48.4%+28.3%+19.2%-310.4%+7.6%
2024+47.2%+24.4%+16.9%+43.4%+5.4%
2025+47.7%+25.3%+21.5%+39.5%+7.3%
PeriodCashDebtNet debtCurrent ratio
2020$884M$8.9B$8B1.07
2021$544M$10.4B$9.9B1.00
2022$690M$11.7B$11B1.02
2023$778M$12B$11.3B1.00
2024$1.1B$17.9B$16.8B1.02
2025$1.2B$16.5B$15.3B1.11
PeriodMarket capEnterprise valueP/SP/E
2020$49B$57B4.424.9
2021$67.5B$77.4B5.553.8
2022$63.5B$74.5B5.124.5
2023$59.2B$70.5B4.423.1
2024$75.9B$92.7B4.828.6
2025$75.9B$91.2B4.420.6
Q3 2024$3.7B
Q4 2024$4.1B
Q1 2025$4.7B
Q2 2025$4.2B
Q3 2025$4B
Q4 2025$4.3B
Q1 2026$5B
Q2 2026$4.2B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$3.7B+26%$343M$951M
Q4 2024$4.1B+23%$716M$1.1B
Q1 2025$4.7B+16%$965M$84M
Q2 2025$4.2B+11%$579M$732M
Q3 2025$4B+7%$458M$1.1B
Q4 2025$4.3B+4%$1.7B$1.3B
Q1 2026$5B+6%$1.2B$363M
Q2 2026$4.2B+2%$551M$483M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+42.2%+16.7%+9.2%+5.5%+0.7%
Q4 2024+48.9%+26.3%+17.3%+11.7%+1.5%
Q1 2025+52.4%+30.9%+20.4%+13.8%+1.9%
Q2 2025+43.2%+20.7%+13.9%+7.4%+1.1%
Q3 2025+43.5%+20.4%+11.5%+5.8%+0.9%
Q4 2025+83.5%+31.1%+39.4%+18.1%+3.3%
Q1 2026+87.7%+35.9%+24.1%+12.3%+2.4%
Q2 2026+114.6%+19.4%+13.0%+5.7%+1.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.1B$18B$16.9B1.07
Q4 2024$1.1B$17.9B$16.8B1.02
Q1 2025$964M$18.5B$17.5B1.05
Q2 2025$1B$18.2B$17.2B1.03
Q3 2025$1.1B$17.6B$16.5B1.06
Q4 2025$1.2B$16.5B$15.3B1.11
Q1 2026$1.2B$15.5B$14.3B1.07
Q2 2026$1.1B$15.9B$14.8B1.03
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$75.2B$92.1B20.254.7
Q4 2024$77.8B$94.6B18.827.1
Q1 2025$86.4B$103.9B18.322.4
Q2 2025$77.1B$94.3B18.633.3
Q3 2025$76.9B$93.4B19.242.0
Q4 2025$75.9B$91.2B17.711.2
Q1 2026$69.2B$83.5B13.714.3
Q2 2026$70.9B$85.7B16.732.0

Refreshed 5h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.2BQ2 2026
$1.3B$2.5B$3.8B$5BQ3 2023: $3BQ4 2023: $3.4BQ1 2024: $4.1BQ2 2024: $3.8BQ3 2024: $3.7BQ4 2024: $4.1BQ1 2025: $4.7BQ2 2025: $4.2BQ3 2025: $4BQ4 2025: $4.3BQ1 2026: $5BQ2 2026: $4.2BQ3 2023Q2 2026
Net income$551MQ2 2026
$423.3M$846.5M$1.3B$1.7BQ3 2023: $456MQ4 2023: $498MQ1 2024: $1.1BQ2 2024: $524MQ3 2024: $343MQ4 2024: $716MQ1 2025: $965MQ2 2025: $579MQ3 2025: $458MQ4 2025: $1.7BQ1 2026: $1.2BQ2 2026: $551MQ3 2023Q2 2026
EBITDA$700MQ2 2026
$658.3M$1.3B$2B$2.6BQ3 2023: $741MQ4 2023: $800MQ1 2024: $1.6BQ2 2024: $1.1BQ3 2024: $883MQ4 2024: $1.3BQ1 2025: $1.7BQ2 2025: $1.2BQ3 2025: $1BQ4 2025: $2.6BQ1 2026: $1.9BQ2 2026: $700MQ3 2023Q2 2026
Free cash flow$483MQ2 2026
$330.8M$661.5M$992.3M$1.3BQ3 2023: $985MQ4 2023: $1.2BQ1 2024: $261MQ2 2024: $460MQ3 2024: $951MQ4 2024: $1.1BQ1 2025: $84MQ2 2025: $732MQ3 2025: $1.1BQ4 2025: $1.3BQ1 2026: $363MQ2 2026: $483MQ3 2023Q2 2026
EPS$2.59Q2 2026
$1.96$3.91$5.87$7.82Q3 2023: $2.23Q4 2023: $2.47Q1 2024: $5.35Q2 2024: $2.46Q3 2024: $1.57Q4 2024: $3.28Q1 2025: $4.43Q2 2025: $2.66Q3 2025: $2.11Q4 2025: $7.82Q1 2026: $5.63Q2 2026: $2.59Q3 2023Q2 2026
Cash / Debt$1.1BQ2 2026
$4.6B$9.3B$13.9B$18.5BQ3 2023 · Cash: $808MQ3 2023 · Debt: $12.1BQ4 2023 · Cash: $778MQ4 2023 · Debt: $12BQ1 2024 · Cash: $995MQ1 2024 · Debt: $17.3BQ2 2024 · Cash: $974MQ2 2024 · Debt: $18.5BQ3 2024 · Cash: $1.1BQ3 2024 · Debt: $18BQ4 2024 · Cash: $1.1BQ4 2024 · Debt: $17.9BQ1 2025 · Cash: $964MQ1 2025 · Debt: $18.5BQ2 2025 · Cash: $1BQ2 2025 · Debt: $18.2BQ3 2025 · Cash: $1.1BQ3 2025 · Debt: $17.6BQ4 2025 · Cash: $1.2BQ4 2025 · Debt: $16.5BQ1 2026 · Cash: $1.2BQ1 2026 · Debt: $15.5BQ2 2026 · Cash: $1.1BQ2 2026 · Debt: $15.9BQ3 2023Q2 2026
CashDebt
Profitability+114.6%Q2 2026
+28.7%+57.3%+86.0%+114.6%Q3 2023 · Gross margin: +42.9%Q4 2023 · Gross margin: +50.5%Q1 2024 · Gross margin: +53.7%Q2 2024 · Gross margin: +43.4%Q3 2024 · Gross margin: +42.2%Q4 2024 · Gross margin: +48.9%Q1 2025 · Gross margin: +52.4%Q2 2025 · Gross margin: +43.2%Q3 2025 · Gross margin: +43.5%Q4 2025 · Gross margin: +83.5%Q1 2026 · Gross margin: +87.7%Q2 2026 · Gross margin: +114.6%Q3 2023 · Operating margin: +23.4%Q4 2023 · Operating margin: +23.1%Q1 2024 · Operating margin: +36.0%Q2 2024 · Operating margin: +17.4%Q3 2024 · Operating margin: +16.7%Q4 2024 · Operating margin: +26.3%Q1 2025 · Operating margin: +30.9%Q2 2025 · Operating margin: +20.7%Q3 2025 · Operating margin: +20.4%Q4 2025 · Operating margin: +31.1%Q1 2026 · Operating margin: +35.9%Q2 2026 · Operating margin: +19.4%Q3 2023 · Net margin: +15.4%Q4 2023 · Net margin: +14.8%Q1 2024 · Net margin: +26.3%Q2 2024 · Net margin: +13.9%Q3 2024 · Net margin: +9.2%Q4 2024 · Net margin: +17.3%Q1 2025 · Net margin: +20.4%Q2 2025 · Net margin: +13.9%Q3 2025 · Net margin: +11.5%Q4 2025 · Net margin: +39.4%Q1 2026 · Net margin: +24.1%Q2 2026 · Net margin: +13.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+2.2%Q2 2026
+6.5%+13.0%+19.5%+26.0%Q3 2024: +26.0%Q4 2024: +22.9%Q1 2025: +16.2%Q2 2025: +10.5%Q3 2025: +7.4%Q4 2025: +3.7%Q1 2026: +6.4%Q2 2026: +2.2%Q3 2023Q2 2026
Shares outstanding214.6MQ2 2026
54.6M109.2M163.8M218.4MQ3 2023: 204.6MQ4 2023: 202MQ1 2024: 200.1MQ2 2024: 213.3MQ3 2024: 218.4MQ4 2024: 218.3MQ1 2025: 217.9MQ2 2025: 217.3MQ3 2025: 216.7MQ4 2025: 216.5MQ1 2026: 215.4MQ2 2026: 214.6MQ3 2023Q2 2026
Valuation32.0Q2 2026
13.727.441.154.7Q3 2023 · P/E: 36.0Q4 2023 · P/E: 29.2Q1 2024 · P/E: 15.3Q2 2024 · P/E: 29.7Q3 2024 · P/E: 54.7Q4 2024 · P/E: 27.1Q1 2025 · P/E: 22.4Q2 2025 · P/E: 33.3Q3 2025 · P/E: 42.0Q4 2025 · P/E: 11.2Q1 2026 · P/E: 14.3Q2 2026 · P/E: 32.0Q3 2023 · P/S: 22.3Q4 2023 · P/S: 17.3Q1 2024 · P/S: 16.1Q2 2024 · P/S: 16.6Q3 2024 · P/S: 20.2Q4 2024 · P/S: 18.8Q1 2025 · P/S: 18.3Q2 2025 · P/S: 18.6Q3 2025 · P/S: 19.2Q4 2025 · P/S: 17.7Q1 2026 · P/S: 13.7Q2 2026 · P/S: 16.7Q3 2023Q2 2026
P/EP/S
Revenue$17.2B2025
$4.3B$8.6B$12.9B$17.2B2018: $10.8B2019: $11B2020: $11.1B2021: $12.2B2022: $12.5B2023: $13.4B2024: $15.7B2025: $17.2B20182025
Net income$3.7B2025
$923.8M$1.8B$2.8B$3.7B2018: $1.1B2019: $1.5B2020: $2B2021: $1.3B2022: $2.6B2023: $2.6B2024: $2.7B2025: $3.7B20182025
EBITDA$5.3B2025
$1.3B$2.7B$4B$5.3B2018: $2.3B2019: $2.7B2020: $3.2B2021: $2.6B2022: $3.8B2023: $3.9B2024: $4.9B2025: $5.3B20182025
Free cash flow$3.2B2025
$804.5M$1.6B$2.4B$3.2B2018: $1.4B2019: $1.6B2020: $2.6B2021: $2B2022: $3B2023: $3.2B2024: $2.8B2025: $3.2B20182025
EPS$172025
$4.26$8.51$12.8$172018: $4.592019: $6.372020: $8.452021: $5.552022: $12.12023: $12.52024: $12.52025: $1720182025
Cash / Debt$1.2B2025
$4.5B$8.9B$13.4B$17.9B2018 · Cash: $656M2018 · Debt: $6.4B2019 · Cash: $790M2019 · Debt: $8.6B2020 · Cash: $884M2020 · Debt: $8.9B2021 · Cash: $544M2021 · Debt: $10.4B2022 · Cash: $690M2022 · Debt: $11.7B2023 · Cash: $778M2023 · Debt: $12B2024 · Cash: $1.1B2024 · Debt: $17.9B2025 · Cash: $1.2B2025 · Debt: $16.5B20182025
CashDebt
Profitability+47.7%2025
+12.1%+24.2%+36.3%+48.4%2018 · Gross margin: +43.3%2019 · Gross margin: +45.0%2020 · Gross margin: +46.6%2021 · Gross margin: +44.7%2022 · Gross margin: +48.1%2023 · Gross margin: +48.4%2024 · Gross margin: +47.2%2025 · Gross margin: +47.7%2018 · Operating margin: +14.3%2019 · Operating margin: +19.7%2020 · Operating margin: +25.1%2021 · Operating margin: +17.1%2022 · Operating margin: +29.4%2023 · Operating margin: +28.3%2024 · Operating margin: +24.4%2025 · Operating margin: +25.3%2018 · Net margin: +10.5%2019 · Net margin: +13.9%2020 · Net margin: +17.8%2021 · Net margin: +10.3%2022 · Net margin: +20.7%2023 · Net margin: +19.2%2024 · Net margin: +16.9%2025 · Net margin: +21.5%20182025
Gross marginOperating marginNet margin
Revenue growth+9.4%2025
+4.3%+8.7%+13.0%+17.4%2019: +2.3%2020: +0.5%2021: +10.2%2022: +2.3%2023: +7.2%2024: +17.4%2025: +9.4%20182025
Shares outstanding216.5M2025
61.8M123.5M185.3M247M2018: 247M2019: 240.6M2020: 233.1M2021: 226.1M2022: 213.2M2023: 205M2024: 212.5M2025: 216.5M20182025
Valuation20.62025
13.426.940.353.82018 · P/E: 31.52019 · P/E: 32.42020 · P/E: 24.92021 · P/E: 53.82022 · P/E: 24.52023 · P/E: 23.12024 · P/E: 28.62025 · P/E: 20.62018 · P/S: 3.32019 · P/S: 4.52020 · P/S: 4.42021 · P/S: 5.52022 · P/S: 5.12023 · P/S: 4.42024 · P/S: 4.82025 · P/S: 4.420182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202618.79$17.9B+4%14
FY 202720.60$20.7B+21%10
FY 202823.78$22.1B+29%4
FY 202924.84$23.7B+38%1
Q1 20287.86$6.3B+26%13
Q2 20284.74$5.4B+28%7

Company events

6
2026-10-30EarningsActual - / Estimate 3.38-
2026-08-03Dividend$0.82-
2026-07-29EarningsActual 3.81 / Estimate 3.8Beat
2026-05-01Dividend$0.82-
2026-05-01EarningsActual 6.48 / Estimate 6.37Beat
2026-02-02Dividend$0.745-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
NU$66.1B3.418.4+18.6%1PYPL$44.8B1.39.8+14.4%13LYG$84.3B1.013.7+26.7%1KKR$88.7B4.229.4+15.0%1HBAN$32.1B2.211.7+16.6%1CME$99.2B14.723.3+63.1%3CRCL$24.5B8.448.6+15.5%31SOFI$21.8B3.933.3+11.4%13

Analyst track record

How the analysts covering AON have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings124291
Analysts2027
Buy / hold / sell88 / 26 / 10154 / 101 / 36
Upgrades / downgrades / initiations2 / 2 / 111 / 4 / 9
Price targets hit / missed0 / 116 (0%)13 / 262 (5%)
Avg. return after a rating (TipRanks)-25.4%-15.6%
Best / worst call-4.5% / -34.1%+1,641.5% / -36.7%

After buy calls on this stock: median 21-day move 0.0% vs S&P 500 -1.4% (n = 141)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Meyer ShieldsKBW47% hit rate on this stock · 15 targets measuredBuytarget $417Sep 1, 2026
  2. Elyse GreenspanWells Fargo37% hit rate on this stock · 19 targets measuredBuytarget $383Sep 1, 2026
  3. Alex ScottBarclays18% hit rate on this stock · 11 targets measuredHoldtarget $382Jul 30, 2026

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Yaron KinarMizuho SecuritiesBuyMaintained$366article ↗
Sep 15, 2026Yaron KinarMizuho SecuritiesBuyMaintained$366
Sep 15, 2026Adam KlauberWilliam BlairBuyMaintained–article ↗
Sep 14, 2026Andrew KligermanTD CowenBuyReiterated$420article ↗
Sep 3, 2026Andrew AndersenJefferiesBuyMaintained$387article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$300$320$340$360$380$400$420Oct 25 · Buy 13 · Hold 3 · Sell 2Oct 25Nov 25 · Buy 13 · Hold 4 · Sell 2Dec 25 · Buy 13 · Hold 5 · Sell 2Dec 25Jan 26 · Buy 11 · Hold 6 · Sell 1Feb 26 · Buy 13 · Hold 4 · Sell 1Feb 26Mar 26 · Buy 15 · Hold 3 · Sell 1Apr 26 · Buy 16 · Hold 3 · Sell 1Apr 26May 26 · Buy 15 · Hold 3 · Sell 1Jun 26 · Buy 15 · Hold 3 · Sell 1Jun 26Jul 26 · Buy 12 · Hold 4 · Sell 1Aug 26 · Buy 12 · Hold 4 · Sell 1Aug 26Sep 26 · Buy 12 · Hold 4 · Sell 1Oct 25 · avg. target $419Nov 25 · avg. target $406Dec 25 · avg. target $403Jan 26 · avg. target $396Feb 26 · avg. target $397Mar 26 · avg. target $398Apr 26 · avg. target $394May 26 · avg. target $391Jun 26 · avg. target $388Jul 26 · avg. target $405Aug 26 · avg. target $407Sep 26 · avg. target $394Oct 25 · month-end close $341Nov 25 · month-end close $354Dec 25 · month-end close $353Jan 26 · month-end close $350Feb 26 · month-end close $335Mar 26 · month-end close $323Apr 26 · month-end close $312May 26 · month-end close $316Jun 26 · month-end close $332Jul 26 · month-end close $361Aug 26 · month-end close $322Sep 26 · month-end close $296

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 124 ratings