Aon (AON) EBITDA Margin (2009 - 2026)
Aon (AON) posted EBITDA Margin of 22.7% for Q2 2026, down 35.1% on a QoQ basis from 34.98% in Q1 2026, and up 90.0% year-over-year from 11.95% in Q2 2025.
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Aon (AON) EBITDA Margin (2009 - 2026) Analysis & Trends
Aon has reported EBITDA Margin for 18 years, with the latest figure at 22.7% in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 90.0% year-over-year to 22.7% in Q2 2026; TTM through Jun 2026 was 27.56%, a 236.0% increase from a year earlier, with the FY2025 full-year figure at 26.38%, up 78.0% from the prior year.
- EBITDA Margin was 22.7% for Q2 2026 at Aon, down from 34.98% in the prior quarter.
- The five-year high for EBITDA Margin was 39.03% in Q1 2023, with the low at 18.01% in Q3 2024.
- Average EBITDA Margin over 5 years is 27.74%, with a median of 26.13% recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: EBITDA Margin soared 5083 bps in 2022, then sank 909 bps in 2024.
- Over 5 years, EBITDA Margin stood at 33.48% in 2022, then declined by 27 bps to 24.5% in 2023, then grew by 12 bps to 27.44% in 2024, then advanced by 6 bps to 29.21% in 2025, then dropped by 22 bps to 22.7% in 2026.
- The last three EBITDA Margin figures came in at 22.7% (Q2 2026), 34.98% (Q1 2026), and 29.21% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.93 Bn | 72.73 Bn | 6.04 Bn | 25.65% |
| 2 | Aon | 65.52 Bn | 64.25 Bn | - | 22.70% |
| 3 | Arthur J. Gallagher | 62.61 Bn | 61.23 Bn | - | 15.96% |
| 4 | Willis Towers Watson | 29.69 Bn | 28.03 Bn | 2.09 Bn | 14.76% |
| 5 | Brown & Brown | 22.10 Bn | 21.19 Bn | 1.41 Bn | 7.76% |
| 6 | XChange TEC.INC | 16.54 Bn | 16.54 Bn | - | - |
| 7 | Erie Indemnity | 11.13 Bn | 10.78 Bn | - | 18.73% |
| 8 | Ryan Specialty Holdings | 4.86 Bn | 4.72 Bn | - | 20.12% |
| 9 | Neptune Insurance Holdings | 4.29 Bn | 4.27 Bn | - | 47.52% |
| 10 | Baldwin Insurance | 2.71 Bn | 2.53 Bn | - | -1.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.70% |
| 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% |