Aon plc (AON) AI Stock Analysis

Headquartered in Dublin, Ireland, Aon plc is a global professional services firm established in 1919 with 60,000 employees. The company provides advice and solutions across risk, retirement, and health. Its commercial risk solutions include retail brokerage, specialized risk management, global risk consulting, captives management, and affinity programs. In health, Aon provides health and benefits brokerages alongside healthcare exchanges. The firm also offers treaty and facultative reinsurance, insurance-linked securities, and strategic advisory for capital raising, restructuring, and mergers and acquisitions, alongside retirement design consulting, actuarial services, and corporate finance advisory.

Aon grew revenue from $12.19B in FY2021 to $17.18B in FY2025, reflecting a 5-year revenue compound annual growth rate of 9.2%. Annual revenue grew 10.2% in FY2021, 2.3% in FY2022, 7.2% in FY2023, 17.4% in FY2024, and 9.4% in FY2025. Over the same period, net income rose from $1.25B in FY2021 to $3.69B in FY2025, with net margin improving from 10.3% to 21.5%. Diluted earnings per share increased from $12.02 in FY2021 to $17.06 in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth was 2.2% year-over-year, while quarterly earnings growth declined 3.0%.

As of June 30, 2026, Aon held $1.27B in cash and short-term investments against $15.87B in total debt, resulting in net debt of $14.61B. Shareholders' equity stood at $9.66B, producing a debt-to-equity ratio of 1.64 and a current ratio of 1.03. In FY2025, operating cash flow reached $3.48B and free cash flow was $3.22B. Capital allocation during FY2025 included $263.0M in capital expenditures, $1.00B in share buybacks, and $629.0M in dividends paid.

Aon trades at a trailing price-to-earnings ratio of 16.1x and a forward price-to-earnings ratio of 13.5x, compared to the median of its S&P 500 Financial Services peers of 14.2x and 12.2x, respectively. The stock's enterprise value to EBITDA sits at 11.0x, below the peer group median of 15.7x. With a market capitalization of $62.06B, Aon trades at a price-to-sales ratio of 3.5x and a price-to-book ratio of 6.2x. Over the past year, Aon generated a return of -13.9%, lagging the S&P 500 SPY return of 16.8%.

Aon pays a quarterly dividend with an annualized forward payout of $3.28 per share, yielding 1.12% as of October 16, 2026. The dividend payout ratio is 17.6%, and the company has paid dividends for 44 consecutive years. Over the last 5 years, dividend growth annualized at 10.3%. Its last ex-dividend date is November 2, 2026.

Wall Street coverage consists of 9 Strong Buy, 4 Buy, 5 Hold, 2 Sell, and 1 Strong Sell ratings. The mean price target is $354.21, representing an upside of 21.1% over the last close of $292.55. For the fiscal year ending December 31, 2026, analysts estimate revenue of $17.92B and earnings per share of $18.57. Aon beat earnings estimates in each of the last 4 quarters, and its next earnings date is October 28, 2026.

This page is an AI-written research summary of Aon plc (AON). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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