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| Date | Value |
|---|---|
| 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 |