← Who reports today · Financials
How Aon (AON) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/29/2026
Aon plc is an international professional services firm. · Wikipedia
More about the company
It has two divisions: Risk Capital, which provides brokerage and consulting services for risk management, insurance and reinsurance, and Human Capital, which provides services related to health insurance, retirement plans, pension plans, and talent advisory.
Key growth driver: Commercial Risk Solutions — the fastest-growing revenue line: $2,295, +5% y/y. · by the Q2 2026 report
How does Aon make money?
Aon brought in $4.25 billion of revenue in Q2 2026, up 2% year over year. The largest source was Commercial Risk Solutions: $2.29 billion, or 54% of the total, followed by Health Solutions ($818M, 19%) and Reinsurance Solutions ($711M, 17%); other lines add the remaining 10%. Net income for the quarter was $551 million, down 5% year over year.
Revenue by source, Q2 2026
- Commercial Risk Solutions$2.29B · 54% · +5%
- Health Solutions$818M · 19% · +6%
- Reinsurance Solutions$711M · 17% · +3%
- Wealth Solutions$422M · 10% · −18%
Shares of $4.25B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is AON’s next earnings date?
Friday, October 30, 2026estimated
Aon (AON) has not confirmed the date yet; Oct 30, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $3.35 (10 analysts), vs $3.05 in the same quarter last year.
What time does AON report? Usually before market open: the last 4 results releases reached the SEC at 6:36 am, 6:34 am, 6:35 am, 6:32 am ET.
Last report: Jul 29, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$4,246
+2%
organic +5%
Operating income
$915
+7%
21.5% margin
Net income
$551
−5%
EPS $2.58 · adj. $3.81 (+9%)
Verdict: steady engine, noisy edges — organic revenue +5% across all four lines but reported revenue only +2% ($4,246M) after the NFP Wealth divestiture; operating income +7% to $915M, yet GAAP EPS fell 3% because last year's base held a one-off $56M gain; adjusted EPS +9%. A month later Aon signed the $17B USI acquisition.
Buybacks $600M in the quarter (FY objective ≥$1B already exceeded), dividends $175M. Guidance reaffirmed. On Aug 31, 2026 Aon announced the $17.0B USI acquisition.
Source and notation
≈ marks estimated below-operating lines (release gives changes, not all levels). Source: Aon press release 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
AON earnings history: past report dates
| Jul 29, 2026 Wed | 6:36 ambefore market open | Jun 30, 2026 | $4.2B+2% y/y | $2.58−3% y/y |
| May 1, 2026 Fri | 6:34 ambefore market open | Mar 31, 2026 | $5.0B+6% y/y | $5.63+27% y/y |
| Jan 30, 2026 Fri | 6:35 ambefore market open | Dec 31, 2025 | ≈$4.3B+4% y/y | ≈$7.82+151% y/y |
| Oct 31, 2025 Fri | 6:32 ambefore market open | Sep 30, 2025 | $4.0B+7% y/y | $2.11+34% y/y |
| Jul 25, 2025 Fri | 6:01 ambefore market open | Jun 30, 2025 | $4.2B+11% y/y | $2.66+8% y/y |
| Apr 25, 2025 Fri | 6:00 ambefore market open | Mar 31, 2025 | $4.7B+16% y/y | $4.43−17% y/y |
| Jan 31, 2025 Fri | 6:01 ambefore market open | Dec 31, 2024 | ≈$4.1B+23% y/y | ≈$3.11+24% y/y |
| Oct 25, 2024 Fri | 6:01 ambefore market open | Sep 30, 2024 | $3.7B+26% y/y | $1.57−30% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Aon: 5-year financials
| 2025 | 17,181 | 4,344 | 3,695 | 3,218 | 629 |
| 2024 | 15,698 | 3,835 | 2,654 | 2,817 | 562 |
| 2023 | 13,376 | 3,785 | 2,564 | 3,183 | 489 |
| 2022 | 12,479 | 3,669 | 2,589 | 3,023 | 463 |
| 2021 | 12,193 | 2,090 | 1,255 | 2,045 | 447 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 2026Per the 2025 10-K, Aon has a single class — Class A ordinary shares; a quarterly dividend of $0.745 was paid in 02/2026. sec.gov ↗
- Dec 2025Diluted shares −6.9% over 2020–2025; SBC of $0.43B = 2.5% of $17.2B revenue. data.sec.gov ↗
- Dec 2023Per-share dividend: $1.78 (2020) → $2.41 (2023), raised every year. data.sec.gov ↗
- Jan 2024The SEC fined subsidiary Aon Investments USA $1M (plus $0.54M in disgorgement) for misleading client PSERS about a performance calculation — a client matter, not about Aon's disclosure to shareholders. sec.gov ↗
Scoring: 2.0, no deductions: single share class, shares −6.9% over 5 years, SBC 2.5% of revenue, dividend rising; no shareholder suits or SEC disclosure cases in 10 years
- Share classes
- Single class: Class A ordinary shares (2025 10-K cover).
- Dilution
- Diluted shares −6.9% over 2020–2025 (the 2024 issuance for NFP was offset by buybacks), SBC 2.5% of revenue.
- Disclosure
- Full US GAAP reporting: 10-K and 10-Q filed on EDGAR on time.
- Dividends
- Dividend raised every year ($1.78 in 2020 → $2.41 in 2023 per XBRL; $0.745 per quarter in 02/2026).
- Lawsuits & regulators
- The 2025 10-K lists no shareholder suits; the 2024 SEC fine ($1M) against subsidiary Aon Investments for misleading a pension fund client is client-related and below the threshold — no deduction; the 2009 investor suit ($30M) is over 10 years old and below the threshold.
- Related parties
- Related-party transaction approval policy in place; no material transactions disclosed in the 2026 proxy.
How the score works · checked as of Sep 2026
Aon (AON) earnings: FAQ
How does Aon make money?
Aon brought in $4.25 billion of revenue in Q2 2026, up 2% year over year. The largest source was Commercial Risk Solutions: $2.29 billion, or 54% of the total, followed by Health Solutions ($818M, 19%) and Reinsurance Solutions ($711M, 17%); other lines add the remaining 10%. Net income for the quarter was $551 million, down 5% year over year.
When is AON's next earnings date?
Aon (AON) has not confirmed the date yet; Oct 30, 2026 is an estimate based on its past reporting schedule.
What time does AON report earnings?
Aon usually reports before market open: its latest results release was filed with the SEC at 6:36 am ET on Jul 29, 2026.
When did AON last report earnings?
Aon reported Q2 2026 results on Jul 29, 2026.
What is the EPS estimate for AON's next earnings?
The consensus EPS forecast is $3.35 (10 analysts), vs $3.05 in the same quarter last year.
Where can I find Aon's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to AON's filings; this page breaks the latest report down in a Sankey chart.
What was AON's net income in Q2 2026?
Aon reported net income of $551M for Q2 2026 (−5% year over year), under US GAAP.
Does Aon pay dividends?
Yes. In 2025, Aon paid $629M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing. How we make the breakdowns · Report an error
More reports: APO · Q2 2026 · AXP · Q2 2026 · BAC · Q2 2026 · BLK · Q2 2026 · BNY · Q2 2026 · BX · Q2 2026 · C · Q2 2026 · CB · Q2 2026 · CME · Q2 2026 · COF · Q2 2026 · all reports