Aon plc (AON) Income Statement
AON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAON revenue and net income
Where AON's revenue goes
2025Each bar shows an amount and its share of revenue. AON kept 21.5% of revenue as net income.
AON profit margins
AON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.4% | +11.2% | +9.2% | +6.1% |
| Gross profit | +10.5% | +10.9% | +9.7% | +7.8% |
| Operating income | +13.3% | +5.8% | +9.3% | +10.6% |
| Net income | +39.2% | +12.6% | +13.4% | +10.3% |
| EPS (diluted) | +8.5% | +8.5% | +11.7% | +10.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AON quarterly EPS vs estimates
Aon beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $3.33).
AON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.18B | $15.70B | $13.38B | $12.48B | $12.19B | $11.07B | $11.01B | $10.77B | $10.00B | $9.41B |
| Cost of revenue | $8.98B | $8.28B | $6.90B | $6.48B | $6.74B | $5.91B | $6.05B | $6.10B | $6.00B | $5.51B |
| Gross profit | $8.20B | $7.42B | $6.47B | $6.00B | $5.46B | $5.16B | $4.96B | $4.67B | $4.00B | $3.90B |
| Research & development | — | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 |
| Sales, general & admin | $1.56B | $2.01B | $2.09B | $1.74B | $2.54B | $1.51B | $1.72B | $1.87B | $1.71B | $1.55B |
| Total operating expenses | $3.85B | $3.58B | $9.59B | $2.33B | $3.37B | $2.38B | $2.79B | $3.12B | $2.93B | $2.08B |
| Operating income | $4.34B | $3.83B | $3.79B | $3.67B | $2.09B | $2.78B | $2.17B | $1.54B | $1.06B | $1.81B |
| Interest income | $796.0M | $67.0M | $22.0M | $388.0M | $311.0M | $6.0M | $8.0M | $5.0M | $27.0M | $9.0M |
| Interest expense | $815.0M | $788.0M | $484.0M | $406.0M | $322.0M | $334.0M | $307.0M | $278.0M | $282.0M | $282.0M |
| Income before taxes | $4.76B | $3.46B | $3.17B | $3.16B | $1.93B | $2.47B | $1.87B | $1.25B | $685.0M | $1.40B |
| Income taxes | $1.01B | $742.0M | $541.0M | $510.0M | $623.0M | $448.0M | $297.0M | $146.0M | $250.0M | $148.0M |
| Net income | $3.69B | $2.65B | $2.56B | $2.59B | $1.25B | $1.97B | $1.53B | $1.13B | $1.23B | $1.40B |
| EBITDA | $5.35B | $4.94B | $3.79B | $3.83B | $2.58B | $3.21B | $2.74B | $2.29B | $1.86B | $2.00B |
| EPS (diluted) | $17.06 | $15.73 | $14.14 | $13.37 | $12.02 | $9.79 | $9.16 | $8.15 | $6.54 | $6.59 |
| Gross margin | 47.7% | 47.2% | 48.4% | 48.1% | 44.7% | 46.6% | 45.0% | 43.3% | 40.0% | 41.4% |
| Operating margin | 25.3% | 24.4% | 28.3% | 29.4% | 17.1% | 25.1% | 19.7% | 14.3% | 10.7% | 19.2% |
| Net margin | 21.5% | 16.9% | 19.2% | 20.7% | 10.3% | 17.8% | 13.9% | 10.5% | 12.3% | 14.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.25B | $5.03B | $4.30B | $4.00B | $4.16B | $4.73B | $4.15B | $3.72B | $3.76B | $4.07B | $3.38B | $2.95B |
| Cost of revenue | −$621.0M | $621.0M | $707.0M | $2.26B | $2.36B | $2.25B | $2.12B | $2.15B | $2.13B | $1.88B | $1.67B | $1.69B |
| Gross profit | $4.87B | $4.41B | $3.59B | $1.74B | $1.79B | $2.48B | $2.03B | $1.57B | $1.63B | $2.19B | $1.70B | $1.27B |
| Sales, general & admin | $579.0M | $492.0M | $613.0M | $531.0M | $479.0M | $551.0M | $506.0M | $613.0M | $630.0M | $429.0M | $618.0M | $392.0M |
| Total operating expenses | $4.04B | $2.61B | $2.25B | $922.0M | $936.0M | $1.02B | $936.0M | $948.0M | $974.0M | $722.0M | $925.0M | $577.0M |
| Operating income | $823.0M | $1.81B | $1.34B | $816.0M | $859.0M | $1.46B | $1.09B | $623.0M | $656.0M | $1.47B | $779.0M | $691.0M |
| Interest income | $5.0M | $12.0M | $177.0M | $199.0M | $135.0M | $5.0M | $4.0M | $4.0M | $31.0M | $28.0M | $12.0M | $9.0M |
| Interest expense | $537.0M | $179.0M | $191.0M | $206.0M | $212.0M | $206.0M | $206.0M | $213.0M | $225.0M | $144.0M | $124.0M | $119.0M |
| Income before taxes | $724.0M | $1.55B | $2.21B | $597.0M | $703.0M | $1.25B | $891.0M | $449.0M | $698.0M | $1.42B | $609.0M | $560.0M |
| Income taxes | $159.0M | $314.0M | $505.0M | $127.0M | $109.0M | $268.0M | $157.0M | $94.0M | $160.0M | $331.0M | $102.0M | $93.0M |
| Net income | $551.0M | $1.21B | $1.69B | $458.0M | $579.0M | $965.0M | $716.0M | $343.0M | $524.0M | $1.07B | $498.0M | $456.0M |
| EBITDA | $1.12B | $1.93B | $2.63B | $1.04B | $1.16B | $1.70B | $1.33B | $883.0M | $1.10B | $1.63B | $800.0M | $741.0M |
| EPS (diluted) | $3.81 | $6.48 | $4.85 | $3.05 | $3.49 | $5.67 | $4.42 | $2.72 | $2.93 | $5.66 | $3.89 | $2.32 |
| Gross margin | 114.6% | 87.7% | 83.5% | 43.5% | 43.2% | 52.4% | 48.9% | 42.2% | 43.4% | 53.7% | 50.5% | 42.9% |
| Operating margin | 19.4% | 35.9% | 31.1% | 20.4% | 20.7% | 30.9% | 26.3% | 16.7% | 17.4% | 36.0% | 23.1% | 23.4% |
| Net margin | 13.0% | 24.1% | 39.4% | 11.5% | 13.9% | 20.4% | 17.3% | 9.2% | 13.9% | 26.3% | 14.8% | 15.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AON's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AON financial results
In fiscal year 2025 (ended December 31, 2025), Aon reported revenue of $17.2 billion, up 9.4% from the year before. It had net income of $3.7 billion (up 39.2%), a net profit margin of 21.5%. Diluted earnings per share came to $17.06. Over five years revenue grew at an average rate of 9.2% a year.
See the AON stock overview for the latest quote and news, or the AON chart for price history and technical indicators.
AON income statement FAQ
What is Aon's annual revenue?
Aon reported total revenue of $17.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.4% from $15.7 billion the previous year.
Is Aon profitable?
Yes. Aon reported net income of $3.7 billion in fiscal 2025, a net profit margin of 21.5%; its operating margin was 25.3%.
What is Aon's gross margin?
Aon's gross margin was 47.7% in fiscal 2025: for every $100 of revenue, Aon kept $48 after the direct cost of its products and services.
How fast is Aon growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $11.1 billion to $17.2 billion.
What are Aon's earnings per share?
Aon earned $17.06 per diluted share in fiscal 2025, compared with $15.73 a year earlier.
When will Aon report its next earnings?
Aon is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Aon's fiscal year end?
Aon's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.