profit from every $100 of sales.
$0$100
Aon
$338.31+1.47% today
-3.6% in 1 year
1-year low $269.451-year high $381.26
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $19.42 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Aon sold, what it kept, and what it did with the cash.
Sales went from $12.5 billion in 2022 to $17.2 billion in 2025, with $3.70 billion of profit last year.
SalesProfit
Aon handed back 51% of the cash it generated last year.
Buybacks $1.0B$629M
Free cash flow 2025$3.2B
Bought back its own shares$1.0B
Paid as dividends$629M
Cash vs. debt$1.2B vs. $16.1B
Aon vs. similar companies
Aon grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Aon | 19.4× · Fair price | ||
 Marsh & McLennan Companies | 23.8× · Fair price | ||
 Arthur J. Gallagher & | 48.6× · Expensive | ||
 Ryan Specialty Holdings | 187.4× · Very expensive | ||
 PB Fintech | 76.6× · Very expensive |
Compare Aon with Arthur J. Gallagher & · Mastercard · Moody's · Marsh & McLennan Companies · S&P Global · Visa
AI analysis
An AI analyst reads Aon's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 11,066 | 12,193 | 12,479 | 13,376 | 15,698 | 17,181 | |
| – | – | 6,002 | 6,474 | 7,415 | 8,196 | |
| – | – | 3,669 | 3,920 | 4,224 | 4,709 | |
| – | – | 3,826 | 3,909 | 4,936 | 6,540 | |
| 1,969 | 1,255 | 2,589 | 2,564 | 2,654 | 3,695 | |
| 8.45 | 5.55 | 12.14 | 12.51 | 12.49 | 17.02 | |
| – | – | 48.1% | 48.4% | 47.2% | 47.7% | |
| – | – | 29.4% | 29.3% | 26.9% | 27.4% | |
| 17.8% | 10.3% | 20.7% | 19.2% | 16.9% | 21.5% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 32,114 | 31,917 | 32,704 | 33,959 | 48,965 | 50,784 |
| Cash | 884 | 544 | 690 | 778 | 1,085 | 1,195 |
| Total debt | 8,626 | 10,164 | 11,677 | 12,032 | 17,892 | 16,071 |
| Total liabilities | 28,531 | 30,759 | 33,133 | 34,701 | 42,535 | 41,236 |
| 3,495 | 1,061 | -529 | -826 | 6,121 | 9,352 | |
| 233 | 226 | 213 | 205 | 213 | 217 | |
| 18.2% | 15.9% | 25.2% | 25.8% | 14.0% | 17.3% | |
| 56.3% | 118.3% | -489.4% | -310.4% | 43.4% | 39.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,783 | 2,182 | 3,219 | 3,435 | 3,035 | 3,481 | |
| 141 | 137 | 196 | 252 | 218 | 263 | |
| 2,642 | 2,045 | 3,023 | 3,183 | 2,817 | 3,218 | |
| Dividends paid | 412 | 447 | 463 | 489 | 562 | 629 |
| 1,763 | 3,543 | 3,203 | 2,700 | 1,000 | 1,000 | |
| 312 | 449 | 397 | 438 | 474 | 432 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 19.4×
- 17.7×
- 1.29
- 7.5×
- 4.2×
- 5.1%
- 1.0%
Profitability
- 21.5%
- 17.8%
- 21.1%
- 45.1%
- 7.7%
Growth
- +9.2%
- +15.0%
- +10.3%
- +0.6%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 11%of 754
Top 38%of 605
Bottom 31%of 883
Bottom 49%of 880
Top 50%of 929
What analysts expect
- Average price target
- $404.20
- Range
- $381.00 – $443.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 1, 2026 | 6.48 | 6.37 | +1.7% |
| Jan 30, 2026 | 4.85 | 4.75 | +2.1% |
| Oct 31, 2025 | 3.05 | 2.91 | +4.8% |
| Jul 25, 2025 | 3.49 | 3.40 | +2.6% |
| Apr 25, 2025 | 5.67 | 6.01 | −5.7% |
| Jan 31, 2025 | 4.42 | 4.25 | +4.0% |
| Oct 25, 2024 | 2.72 | 2.48 | +9.7% |
| Jul 26, 2024 | 2.93 | 3.08 | −4.9% |
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
+10.3%2020 to 2025
Raised6 yearsin a row, in our data
Paid per share, each year
$1.15 in 2015 → $2.91 in 2025
How safe it looks
17.0% of its profit
Room to growStretchedMore than it earns: 19.5%
News
Here’s Why SGA U.S. LCG Liquidated Its Position in Aon plc (AON)Yahoo Finance · Sep 7, 2026Finance stocks' biggest August movers: Robinhood rallies 36% as Aon, PayPal sinkSeeking Alpha · Sep 6, 2026Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USICNBC Markets · Aug 31, 2026Aon nears $17 billion deal to buy insurance broker USI from KKR, WSJ reportsCNBC · Aug 30, 2026The newest story we have is from Sep 7, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
45No pass
Philip Fisher
76Pass
Peter Lynch
61Pass
Joel Greenblatt
43No pass
Charlie Munger
67Pass
Terry Smith
62Pass
Questions about Aon
Is Aon a good stock to buy?
A strong, very profitable business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Aon AI analysis
What does Aon do?
Aon plc operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific. It operates through Risk Capital and Human Capital segments. It is in Insurance Brokers, based in Dublin, Ireland, with 60,000 employees.
Does Aon pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 17% of its yearly profit. In 2025 it paid out $629 million in dividends.
Is Aon stock halal?
Questionable. Aon sits in a grey zone: scholars disagree about its industry. How we check
How has Aon stock done over the past year?
Down 3.6% over the past twelve months, to $338.31. It traded between $269.45 and $381.26 and is 11.3% below its high.
Who are Aon's competitors?
The largest listed companies in the same industry are Marsh & McLennan Companies, Arthur J. Gallagher &, Ryan Specialty Holdings and PB Fintech. The peers table on this page compares their profit, growth and price with Aon's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.