0001628280-26-029322
SEC filingAon delivered strong Q1 results with revenue of $5.0B and net income of $1.2B, driven by organic growth and margin expansion.
Net income increased 25.6% to $1.2 billion, and diluted earnings per share increased 27.1% to $5.63, aided by a lower share count and higher other income. The company's primary uses of liquidity include operating expenses and investments, capital expenditures, acquisitions, share repurchases, pension obligations, shareholder dividends, and Accelerating Aon United Program cash charges.
Net cash provided by operating activities surged to $430 million from $140 million in the prior-year period, reflecting strong earnings and lower cash taxes. Capital expenditures were $67 million, resulting in free cash flow of $363 million. The company expects to continue to incur integration costs through the end of the second quarter of 2026.
Management remains focused on strengthening Aon and uniting the firm with a portfolio of Risk Capital and Human Capital capabilities enabled by data and analytics and a united operating model to deliver additional insight, connectivity, and efficiency. The company expects to continue to review the implementation of elements of the Accelerating Aon United Program throughout its course, and there may be changes to expected timing, estimates of expected costs, and related savings.