Aon plc (AON) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 5.03B | 4.3B | 4B | 4.16B | 4.73B | 4.15B | 3.72B | 3.76B | 4.07B | 3.38B | 2.95B | 3.18B | 3.87B | 3.13B | 2.7B | 2.98B | 3.67B | 3.08B | 2.7B | 2.89B |
| Revenue Growth % | 6.45% | 3.69% | 7.42% | 10.51% | 16.19% | 22.87% | 26.01% | 18.35% | 5.14% | 7.83% | 9.53% | 6.5% | 5.48% | 1.62% | -0.22% | 3.36% | 4.11% | 3.88% | 13.29% | 15.58% |
| Medical Costs & Claims | 2.39B | 707M | 2.26B | 2.36B | 2.25B | 2.12B | 2.15B | 2.13B | 1.88B | 1.67B | 1.69B | 1.75B | 1.79B | 1.54B | 1.53B | 1.64B | 1.77B | 1.56B | 1.83B | 1.63B |
| Medical Cost Ratio % | 47.54% | 16.44% | 56.52% | 56.8% | 47.56% | 51.12% | 57.78% | 56.65% | 46.27% | 49.51% | 57.06% | 55.21% | 46.29% | 49.17% | 56.82% | 54.94% | 48.15% | 50.52% | 67.91% | 56.41% |
| Gross Profit | 2.64B | 3.59B | 1.74B | 1.79B | 2.48B | 2.03B | 1.57B | 1.63B | 2.19B | 1.7B | 1.27B | 1.42B | 2.08B | 1.59B | 1.16B | 1.34B | 1.9B | 1.52B | 867M | 1.26B |
| Gross Margin % | 52.46% | 83.53% | 43.48% | 43.2% | 52.44% | 48.88% | 42.22% | 43.35% | 53.73% | 50.49% | 42.94% | 44.79% | 53.71% | 50.83% | 43.18% | 45.06% | 51.85% | 49.48% | 32.09% | 43.59% |
| Gross Profit Growth % | 6.49% | 77.21% | 10.63% | 10.12% | 13.4% | 18.96% | 23.9% | 14.55% | 5.19% | 7.1% | 8.93% | 5.88% | 9.25% | 4.4% | 34.26% | 6.84% | 5.37% | 14.59% | -13.13% | 10.74% |
| Operating Expenses | 3.32B | 2.25B | 922M | 936M | 1.02B | 936M | 948M | 974M | 722M | 925M | 577M | 581M | 606M | 579M | 574M | 644M | 536M | 550M | 1.67B | 586M |
| OpEx / Revenue % | 65.93% | 52.44% | 23.07% | 22.53% | 21.55% | 22.57% | 25.48% | 25.9% | 17.74% | 27.41% | 19.54% | 18.29% | 15.65% | 18.5% | 21.29% | 21.59% | 14.6% | 17.86% | 61.73% | 20.3% |
| Depreciation & Amortization | 0 | 233M | 240M | 248M | 245M | 232M | 221M | 173M | 60M | 67M | 62M | 64M | 63M | 62M | 71M | 65M | 66M | 76M | 92M | 77M |
| Combined Ratio % | 113.47% | 68.88% | 79.58% | 79.33% | 69.11% | 73.69% | 83.26% | 82.55% | 64% | 76.92% | 76.6% | 73.5% | 61.95% | 67.67% | 78.12% | 76.53% | 62.75% | 68.38% | 129.64% | 76.72% |
| Operating Income | 1.72B | 1.34B | 816M | 859M | 1.46B | 1.09B | 623M | 656M | 1.47B | 779M | 691M | 842M | 1.47B | 1.01B | 590M | 700M | 1.37B | 974M | -801M | 672M |
| Operating Margin % | 34.07% | 31.09% | 20.42% | 20.67% | 30.89% | 26.31% | 16.74% | 17.45% | 36% | 23.08% | 23.4% | 26.5% | 38.05% | 32.33% | 21.88% | 23.47% | 37.25% | 31.62% | -29.64% | 23.28% |
| Operating Income Growth % | 17.39% | 22.55% | 30.98% | 30.95% | -0.27% | 40.05% | -9.84% | -22.09% | -0.54% | -23.02% | 17.12% | 20.29% | 7.75% | 3.9% | 173.66% | 4.17% | 9.8% | 36.61% | -281.63% | 13.13% |
| EBITDA | 1.72B | 1.57B | 1.06B | 1.11B | 1.71B | 1.32B | 844M | 829M | 1.52B | 846M | 753M | 906M | 1.54B | 1.07B | 661M | 765M | 1.43B | 1.05B | -709M | 749M |
| EBITDA Margin % | 34.07% | 36.51% | 26.42% | 26.64% | 36.08% | 31.9% | 22.68% | 22.05% | 37.47% | 25.07% | 25.5% | 28.52% | 39.68% | 34.31% | 24.52% | 25.65% | 39.05% | 34.09% | -26.24% | 25.95% |
| Interest Expense | -179M | 191M | 206M | 212M | 206M | 206M | 213M | 225M | 144M | 124M | 119M | 130M | 111M | 110M | 103M | 102M | 91M | 85M | 80M | 78M |
| Non-Operating Income | 0 | -1.06B | 13M | -56M | 5M | -6M | -39M | -267M | -103M | 46M | 12M | 54M | 20M | 193M | -23M | -35M | -28M | -147M | -13M | -2M |
| Pretax Income | 1.55B | 2.21B | 597M | 703M | 1.25B | 891M | 449M | 698M | 1.42B | 609M | 560M | 658M | 1.34B | 709M | 510M | 633M | 1.3B | 1.04B | -868M | 596M |
| Pretax Margin % | 30.85% | 51.37% | 14.94% | 16.92% | 26.43% | 21.49% | 12.07% | 18.56% | 34.99% | 18.04% | 18.96% | 20.71% | 34.67% | 22.65% | 18.92% | 21.22% | 35.53% | 33.64% | -32.12% | 20.65% |
| Income Tax | 314M | 505M | 127M | 109M | 268M | 157M | 94M | 160M | 331M | 102M | 93M | 83M | 263M | 43M | 92M | 119M | 256M | 163M | 23M | 203M |
| Effective Tax Rate % | 20.22% | 22.86% | 21.27% | 15.5% | 21.44% | 17.62% | 20.94% | 22.92% | 23.24% | 16.75% | 16.61% | 12.61% | 19.6% | 6.06% | 18.04% | 18.8% | 19.63% | 15.73% | -2.65% | 34.06% |
| Net Income | 1.21B | 1.69B | 458M | 579M | 965M | 716M | 343M | 524M | 1.07B | 498M | 456M | 560M | 1.05B | 657M | 408M | 501M | 1.02B | 863M | -900M | 379M |
| Net Margin % | 24.08% | 39.37% | 11.46% | 13.94% | 20.41% | 17.27% | 9.22% | 13.94% | 26.31% | 14.76% | 15.44% | 17.63% | 27.12% | 20.99% | 15.13% | 16.8% | 27.87% | 28.02% | -33.31% | 13.13% |
| Net Income Growth % | 25.6% | 136.45% | 33.53% | 10.5% | -9.9% | 43.78% | -24.78% | -6.43% | 2% | -24.2% | 11.76% | 11.78% | 2.64% | -23.87% | 145.33% | 32.19% | 12.05% | 64.69% | -427.27% | -4.77% |
| EPS (Diluted) | 5.63 | 7.82 | 2.11 | 2.66 | 4.43 | 3.28 | 1.57 | 2.46 | 5.35 | 2.47 | 2.23 | 2.71 | 5.07 | 3.14 | 1.92 | 2.33 | 4.73 | 3.90 | -3.99 | 1.66 |
| EPS Growth % | 27.09% | 138.41% | 34.39% | 8.13% | -17.2% | 32.79% | -29.6% | -9.23% | 5.52% | -21.34% | 16.15% | 16.31% | 7.19% | -19.49% | 148.12% | 40.36% | 18.25% | 71.81% | -438.14% | -2.35% |
| EPS (Basic) | 5.66 | 7.87 | 2.12 | 2.68 | 4.46 | 3.31 | 1.58 | 2.47 | 5.38 | 2.49 | 2.25 | 2.74 | 5.09 | 3.17 | 1.93 | 2.35 | 4.75 | 3.94 | -3.99 | 1.67 |
| Diluted Shares Outstanding | 215.4M | 216.5M | 216.7M | 217.3M | 217.9M | 218.3M | 218.4M | 213.3M | 200.1M | 202M | 204.6M | 206.3M | 207.1M | 209.3M | 212.6M | 214.7M | 216.4M | 221.2M | 225.4M | 228M |