Aon (AON) Debt to Equity (2009 - 2026)

Aon (AON) recorded quarterly Debt to Equity of $1.47 in Q1 2026, down 9.69% quarter-over-quarter from $1.63 in Q4 2025, and down 39.91% on a YoY basis from $2.45 in Q1 2025.

Aon (AON) Debt to Equity (2009 - 2026) Analysis & Trends

Aon's Debt to Equity history runs 18 years deep, the most recent figure standing at $1.47 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 39.91% year-over-year to $1.47; the TTM figure through Mar 2026 stood at $1.47 (down 39.91% YoY), while the FY2025 annual figure was $1.63, down 39.58% from the prior year.
  • Debt to Equity was $1.47 for Q1 2026 at Aon, down from $1.63 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $195.72 in Q1 2023 to a low of -$590.07 in Q1 2024.
  • Historically, Debt to Equity has averaged -$21.45 across 5 years, with a median of $2.16 in 2025.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity tumbled 542.28% in 2022, then surged 2357.02% in 2023.
  • A 5-year view of Debt to Equity shows it stood at -$25.1 in 2022, then soared by 39.88% to -$15.09 in 2023, then surged by 117.88% to $2.7 in 2024, then slumped by 39.58% to $1.63 in 2025, then dropped by 9.69% to $1.47 in 2026.
  • The last three Debt to Equity figures came in at $1.47 (Q1 2026), $1.63 (Q4 2025), and $2.11 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 1.39
2 Aon 69.98 Bn 68.59 Bn - 1.47
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 0.53
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 0.78
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 0.63
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -0.04
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - -1.06
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn -
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn -
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 2.35

Historic Data

Download Data
DateValue
Mar 31, 2026 1.47
Dec 31, 2025 1.63
Sep 30, 2025 2.11
Jun 30, 2025 2.16
Mar 31, 2025 2.45
Dec 31, 2024 2.70
Sep 30, 2024 2.66
Jun 30, 2024 2.92
Mar 31, 2024 -590.07
Dec 31, 2023 -15.09
Sep 30, 2023 -23.15
Jun 30, 2023 69.92
Mar 31, 2023 195.72
Dec 31, 2022 -25.10
Sep 30, 2022 -16.16
Jun 30, 2022 13.20
Mar 31, 2022 7.97
Dec 31, 2021 8.11
Sep 30, 2021 3.65
Jun 30, 2021 1.60