Aon (AON) Reports Strong Growth in Q4 2025

By Chris Stiles • Sunday, February 01 04:19 • Permanent Link

Aon plc (NYSE: AON) has reported its fourth-quarter and full-year 2025 results, demonstrating a strong performance and substantial growth. The company finished 2025 with a 9% total revenue growth and a 6% organic revenue growth, showcasing the durability and consistency of its growth model.

In the fourth quarter of 2025, Aon's total revenue increased by 4% to $4.3 billion compared to the prior-year period, driven by 5% organic revenue growth. The company achieved a 16% increase in free cash flow, reaching $1.323 billion for the quarter.

Aon's adjusted operating margin (non-GAAP) for the full year 2025 expanded to 35.5% from 33.3% in the prior year, reflecting the company's operational efficiency.

Net income attributable to Aon shareholders in the fourth quarter of 2025 increased by 138% to $7.82 per share on a diluted basis, compared to $3.28 per share in the prior-year period. Adjusted EPS (non-GAAP) for the same period grew by 10% to $4.85 on a diluted basis, compared to $4.42 in the prior-year period.

For the full year 2025, Aon's net income attributable to shareholders increased to $3.7 billion, or $17.02 per share on a diluted basis, representing a substantial growth compared to $2.7 billion, or $12.49 per share on a diluted basis, in the prior year. Adjusted net income per share also increased by 9% to $17.07 on a diluted basis.

Cash flows provided by operations for 2025 increased by 15% to $3.5 billion compared to the prior year, driven primarily by strong adjusted operating income growth and lower transaction costs, partially offset by working capital headwinds. Free cash flow (non-GAAP) for the full year 2025 increased by 14% to $3.218 billion.

The company has introduced its 2026 guidance, expecting mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth, and double-digit free cash flow growth.

Aon's strategic investments in data-driven insights and capabilities through Aon Business Services have enabled the company to meet rising client demand in an increasingly complex environment.

Today the company's shares have moved -0.28% to a price of $343.86. For the full picture, make sure to review Aon's 8-K report.

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