Aon: revenue, profit and dividends

In fiscal 2025, Aon had revenue of $17.2B, up 6.1% a year on average since 2015, and net income of $3.69B (21.5% of revenue). Its dividend per share has gone up 14 years in a row, to $2.91. It has 24% fewer shares than in 2015.

Revenue, fiscal 2025

$17.2B+6.1% a year

average annual revenue growth since 2015 · +9.4% vs 2024

Net income, 2025

$3.69B

21.5% of revenue

Diluted EPS, 2025

$17.02

13.3% a year since 2015

Dividend per share, 2025

$2.91

raised 14 years in a row

Revenue growth, 5 years

9.2% a year

since 2020

Shares, 2025

217M

−23.5% since 2015

Free cash flow, 2025

$3.22B

$3.48B from operations − $263M capex

Ticker: AON · NYSE
Sector: Financials
Sub-industry: Insurance Brokers
Headquarters: London, United Kingdom
Founded: 1982 (1919)
In the S&P 500 since: April 23, 1996
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Aon plc · CIK 0000315293

Revenue and net income

Revenue went from $7.23B in 2007 to $17.2B in 2025.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.66 in 2007 to $17.02 in 2025. Ten-year growth: 13.3% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 14 years in a row, every year from 2012 to 2025. Ten-year growth: 9.7% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

23.5% fewer shares in 2025 than in 2015 (284M → 217M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $3.22B in 2025, 18.7% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$17.2B	$3.69B	21.5%	$17.02	$2.91	217M	$3.48B	$263M	$3.22B
2024	$15.7B	$2.65B	16.9%	$12.49	$2.64	212M	$3.04B	$218M	$2.82B
2023	$13.4B	$2.56B	19.2%	$12.51	$2.41	205M	$3.44B	$252M	$3.18B
2022	$12.5B	$2.59B	20.7%	$12.14	$2.19	213M	$3.22B	$196M	$3.02B
2021	$12.2B	$1.25B	10.3%	$5.55	$1.99	226M	$2.18B	$137M	$2.04B
2020	$11.1B	$1.97B	17.8%	$8.45	$1.78	233M	$2.78B	$141M	$2.64B
2019	$11B	$1.53B	13.9%	$6.37	$1.72	241M	$1.83B	$225M	$1.61B
2018	$10.8B	$1.13B	10.5%	$4.59	$1.56	247M	$1.69B	$240M	$1.45B
2017	$10B	$1.23B	12.3%	$4.70	$1.41	261M	$734M	$183M	$551M
2016	$9.41B	$1.4B	14.8%	$5.16	$1.29	270M	$2.33B	$156M	$2.17B
2015	$9.48B	$1.39B	14.6%	$4.88	$1.15	284M	$2.01B	$200M	$1.81B
2014	$12B	$1.4B	11.6%	$4.66	$0.92	300M	$1.81B	$256M	$1.56B
2013	$11.8B	$1.11B	9.4%	$3.53	$0.68	315M	$1.75B	$229M	$1.52B
2012	$11.5B	$993M	8.6%	$2.99	$0.62	333M	$1.42B	$269M	$1.15B
2011	$11.3B	$979M	8.7%	$2.87	$0.60	341M	$1.02B	$241M	$777M
2010	$8.51B	$706M	8.3%	$2.37	$0.60	298M	$783M	$180M	$603M
2009	$7.59B	$747M	9.8%	$2.57	$0.60	291M	$500M	$140M	$360M
2008	$7.53B	$1.46B	19.4%	$4.80	$0.60	304M	$968M	$103M	$865M
2007	$7.23B	$864M	11.9%	$2.66	$0.60	327M	$1.26B	$170M	$1.09B