Aon (AON) EBITDA Margin (2009 - 2026)
Aon (AON) recorded quarterly EBITDA Margin of 34.98% in Q1 2026, up 19.76% quarter-over-quarter from 29.21% in Q4 2025, and up 311.0% on a YoY basis from 8.51% in Q1 2025.
Aon (AON) EBITDA Margin (2009 - 2026) Analysis & Trends
Aon's EBITDA Margin history runs 18 years deep, the most recent figure standing at 34.98% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 311.0% year-over-year to 34.98%; the TTM figure through Mar 2026 stood at 27.37% (up 282.0% YoY), while the FY2025 annual figure was 26.38%, up 78.0% from the prior year.
- EBITDA Margin was 34.98% for Q1 2026 at Aon, up from 29.21% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 39.03% in Q1 2023 to a low of 18.01% in Q3 2024.
- Historically, EBITDA Margin has averaged 28.03% across 5 years, with a median of 27.44% in 2024.
- The sharpest annual moves came in 2022 and 2024: EBITDA Margin surged 5083 bps in 2022, then slumped 909 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 33.48% in 2022, then dropped by 27 bps to 24.5% in 2023, then climbed by 12 bps to 27.44% in 2024, then gained by 6 bps to 29.21% in 2025, then climbed by 20 bps to 34.98% in 2026.
- The last three EBITDA Margin figures came in at 34.98% (Q1 2026), 29.21% (Q4 2025), and 21.59% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 23.09% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 34.98% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 26.76% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 11.05% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 84.80% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 35.56% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 13.68% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 9.32% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | 0.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.98% |
| Dec 31, 2025 | 29.21% |
| Sep 30, 2025 | 21.59% |
| Jun 30, 2025 | 21.81% |
| Mar 31, 2025 | 31.87% |
| Dec 31, 2024 | 27.44% |
| Sep 30, 2024 | 18.01% |
| Jun 30, 2024 | 18.64% |
| Mar 31, 2024 | 37.08% |
| Dec 31, 2023 | 24.50% |
| Sep 30, 2023 | 24.82% |
| Jun 30, 2023 | 27.73% |
| Mar 31, 2023 | 39.03% |
| Dec 31, 2022 | 33.48% |
| Sep 30, 2022 | 23.26% |
| Jun 30, 2022 | 24.81% |
| Mar 31, 2022 | 38.28% |
| Dec 31, 2021 | 32.95% |
| Sep 30, 2021 | -27.57% |
| Jun 30, 2021 | 24.71% |