Aon (AON) income statement
NYSE · Financial Services · Insurance - Brokers · 60,000 employees · CEO Gregory C. Case
- Price
- $321.67 +0.01%
- Market cap
- $68.2B
- Enterprise value
- $95B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-01-29 EPS est. $4.90
Aon (AON) reported revenue of $4.1B for Q3 '26 (+2.6% year on year), operating income of $809M (19.7% of revenue) and net income of $476M. Over the last four quarters revenue was $17.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $4.07B | $3.76B | $3.72B | $4.15B | $4.73B | $4.16B | $4B | $4.3B | $5.03B | $4.25B | $4.1B | |
| Cost of revenue | $1.67B | $1.88B | $2.13B | $2.15B | $2.12B | $2.25B | $2.36B | $2.26B | $707M | $621M | -$621M | $2.28B | |
| Gross profit | $1.7B | $2.19B | $1.63B | $1.57B | $2.03B | $2.48B | $1.8B | $1.74B | $3.59B | $4.41B | $4.87B | $1.83B | |
| General & administrative | $618M | $429M | $548M | $531M | $506M | $551M | $479M | $531M | $0 | $0 | $0 | $700M | |
| Other operating expenses | $307M | $293M | $426M | $417M | $430M | $468M | $457M | $391M | $2.26B | $2.61B | $4.04B | $317M | |
| Operating expenses | $925M | $722M | $974M | $948M | $936M | $1.02B | $936M | $922M | $2.26B | $2.61B | $4.04B | $1.02B | |
| Operating income | $779M | $1.47B | $656M | $623M | $1.09B | $1.46B | $859M | $816M | $1.34B | $1.81B | $823M | $809M | |
| Interest income | $12M | $28M | $31M | $4M | $4M | $5M | $0 | $0 | $14M | $12M | $5M | $24M | |
| Interest expense | $124M | $144M | $225M | $213M | $206M | $206M | $212M | $206M | $191M | $179M | -$537M | $206M | |
| Other non-operating income (gains on investments, FX ...) | $46M | -$103M | -$267M | -$39M | -$6M | $5M | -$56M | $13M | -$1.06B | $75M | -$75M | -$9M | |
| Total non-operating income | -$170M | -$41M | $42M | -$174M | -$200M | -$211M | -$156M | -$219M | $872M | -$254M | -$99M | -$197M | |
| Income before tax | $609M | $1.42B | $698M | $449M | $891M | $1.25B | $703M | $597M | $2.21B | $1.55B | $724M | $612M | |
| Income tax | $102M | $331M | $160M | $94M | $157M | $268M | $109M | $127M | $505M | $314M | $159M | $126M | |
| Net income | $498M | $1.07B | $524M | $343M | $716M | $965M | $579M | $458M | $1.69B | $1.21B | $551M | $476M | |
| EPS (basic) | $2.49 | $5.38 | $2.47 | $1.58 | $3.31 | $4.46 | $2.68 | $2.12 | $7.87 | $5.66 | $2.59 | $2.24 | |
| EPS (diluted) | $2.47 | $5.35 | $2.46 | $1.57 | $3.28 | $4.43 | $2.66 | $2.11 | $7.82 | $5.63 | $2.59 | $2.23 | |
| Shares (basic, weighted) | 200M | 199M | 213M | 217M | 217M | 216M | 216M | 216M | 215M | 214M | 214M | 212M | |
| Shares (diluted, weighted) | 202M | 200M | 213M | 218M | 218M | 218M | 217M | 217M | 217M | 215M | 215M | 213M | |
| Depreciation & amortization | $67M | $60M | $173M | $221M | $232M | $245M | $248M | $240M | $233M | $198M | $223M | $224M | |
| EBITDA | $800M | $1.63B | $1.1B | $883M | $1.33B | $1.7B | $1.16B | $1.04B | $2.63B | $1.93B | $1.12B | $1.04B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.41B | $10B | $10.8B | $11B | $11.1B | $12.2B | $12.5B | $13.4B | $15.7B | $17.2B | |
| Cost of revenue | $5.51B | $6B | $6.1B | $6.05B | $5.91B | $6.74B | $6.48B | $6.9B | $8.28B | $8.99B | |
| Gross profit | $3.9B | $4B | $4.67B | $4.96B | $5.16B | $5.46B | $6B | $6.47B | $7.42B | $8.2B | |
| General & administrative | $1.55B | $1.71B | $1.87B | $1.72B | $1.51B | $2.54B | $1.74B | $1.86B | $2.01B | $1.56B | |
| Other operating expenses | $532M | $1.22B | $1.25B | $1.07B | $870M | $824M | $594M | $827M | $1.57B | $2.29B | |
| Operating expenses | $2.08B | $2.93B | $3.12B | $2.79B | $2.38B | $3.37B | $2.33B | $2.69B | $3.58B | $3.85B | |
| Operating income | $1.81B | $1.07B | $1.54B | $2.17B | $2.78B | $2.09B | $3.67B | $3.79B | $3.84B | $4.34B | |
| Interest income | $9M | $27M | $5M | $8M | $6M | $11M | $18M | $31M | $67M | $19M | |
| Interest expense | $282M | $282M | $278M | $307M | $334M | $322M | $406M | $484M | $788M | $815M | |
| Other non-operating income (gains on investments, FX ...) | $128M | $98M | $20M | -$8M | -$19M | -$163M | $107M | $132M | -$415M | -$38M | |
| Total non-operating income | -$410M | -$380M | -$298M | -$299M | -$315M | -$159M | -$513M | -$616M | -$373M | $415M | |
| Income before tax | $1.4B | $685M | $1.25B | $1.87B | $2.47B | $1.93B | $3.16B | $3.17B | $3.46B | $4.76B | |
| Income tax | $148M | $250M | $146M | $297M | $448M | $623M | $510M | $541M | $742M | $1.01B | |
| Net income | $1.4B | $1.23B | $1.13B | $1.53B | $1.97B | $1.26B | $2.59B | $2.56B | $2.65B | $3.7B | |
| EPS (basic) | $5.21 | $4.74 | $4.62 | $6.42 | $8.49 | $5.59 | $12.23 | $12.60 | $12.55 | $17.13 | |
| EPS (diluted) | $5.16 | $4.70 | $4.59 | $6.37 | $8.45 | $5.55 | $12.14 | $12.51 | $12.49 | $17.02 | |
| Shares (basic, weighted) | 268M | 259M | 245M | 239M | 232M | 225M | 212M | 204M | 211M | 215M | |
| Shares (diluted, weighted) | 270M | 261M | 247M | 241M | 233M | 226M | 213M | 205M | 213M | 217M | |
| Depreciation & amortization | $319M | $891M | $769M | $564M | $413M | $326M | $264M | $256M | $686M | $966M | |
| EBITDA | $2B | $1.86B | $2.29B | $2.74B | $3.21B | $2.58B | $3.83B | $3.91B | $4.94B | $5.35B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01