0001628280-26-008116
SEC filingAon plc reported strong FY 2025 financial performance with total revenue of $17.18B and operating income of $4.34B. Net income attributable to Aon shareholders reached $3.69B, or $17 per basic and diluted share, on 215.9M weighted average basic shares. Total operating expenses totaled $12.84B, driven by compensation and benefits at $8.98B, other general expense at $1.62B, amortization of $778.0M, and Accelerating Aon United Program expenses of $365.0M. Income before taxes was $4.76B after $815.0M interest expense offset by $1.21B other income. Balance sheet shows total assets of $50.78B, including $25.77B current assets with $1.20B cash and $17.89B fiduciary assets, against $23.23B current liabilities. Total liabilities stood at $41.24B with long-term debt at $14.66B, yielding Aon shareholders' equity of $9.35B. Operating cash flow generated $3.48B, investing activities provided $286.0M primarily from $2.35B business sales net of $394.0M acquisitions, while financing used $4.21B including $1.85B debt repayment and $1.00B share repurchases. Net increase in cash and equivalents plus client funds was $240.0M, signaling robust liquidity and capital returns amid strategic restructuring.
Aon plc delivered solid FY 2025 results with total revenue of $17.18B and total operating expenses of $12.84B, yielding operating income of $4.34B. Income before income taxes reached $4.76B after interest expense of $815.0M, interest income of $19.0M, and other income of $1.21B. Income tax expense was $1.01B, resulting in net income of $3.75B. After deducting $55.0M for noncontrolling interests, net income attributable to Aon shareholders was $3.69B, or $17 basic and diluted EPS on 215.9M basic and 217.1M diluted shares. Total assets grew to $50.78B, supported by $25.77B current assets including $1.20B cash equivalents and $17.89B fiduciary assets. Equity attributable to shareholders stood at $9.35B. Cash from operations was $3.48B, with net cash increase of $240.0M including client funds.
Total revenue for FY 2025 was $17.18B. No specific segment breakdowns or geographic revenue mixes are disclosed in the provided data. Growth drivers are not detailed in the filing excerpt.
Operating margin calculated as operating income of $4.34B divided by revenue of $17.18B is approximately 25.3%. Key expenses included compensation and benefits at $8.98B (52.2% of revenue), other general expense $1.62B, amortization and impairment $778.0M, and Accelerating Aon United Program $365.0M. No prior year comparisons for margins are available in the data.
Operating activities provided $3.48B cash, adjusted from $3.75B net income by $1.20B gain on business sales, $778.0M amortization, $432.0M share-based compensation, and working capital changes. Investing activities generated $286.0M, driven by $2.35B from business sales, $1.38B net short-term investments, offset by $394.0M acquisitions and $263.0M capex. Financing activities used $4.21B, including $1.85B debt repayment, $1.00B share repurchases, $629.0M dividends, and $208.0M employee tax withholding. Balance sheet liquidity features $1.20B cash against $23.23B current liabilities; total debt $15.25B ($14.66B long-term + $589.0M short-term).
No specific management guidance, strategic priorities, or risk factors are disclosed in the provided filing excerpt.