Aon (AON) FCF Margin (2009 - 2026)
Aon's (AON) quarterly FCF Margin came in at 7.21% in Q1 2026, up 543.0% year-on-year from 1.12% in Q1 2025, and down 76.56% quarter-over-quarter from 30.77% in Q4 2025.
Aon (AON) FCF Margin (2009 - 2026) Analysis & Trends
Aon's FCF Margin history runs 18 years deep, the most recent figure standing at 7.21% for Q1 2026.
- On a quarterly basis, FCF Margin rose 543.0% year-over-year to 7.21% in Q1 2026; TTM through Mar 2026 was 20.0%, a 386.0% increase from a year earlier, with the FY2025 full-year figure at 18.73%, up 79.0% from the prior year.
- FCF Margin retreated to 7.21% in Q1 2026 per AON's latest filing, from 30.77% in the prior quarter.
- Across five years, FCF Margin topped out at 36.65% in Q3 2022 and bottomed at 1.78% in Q1 2025.
- The 5-year median for FCF Margin is 20.89% (2022), against an average of 20.88%.
- Across the five-year window, FCF Margin jumped 4131 bps in 2022 and sank 830 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 31.05% in 2022, then climbed by 16 bps to 35.91% in 2023, then fell by 23 bps to 27.61% in 2024, then gained by 11 bps to 30.77% in 2025, then slumped by 77 bps to 7.21% in 2026.
- Per Business Quant, the three latest AON FCF Margin figures stand at 7.21% (Q1 2026), 30.77% (Q4 2025), and 27.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 120,003.58 Bn | 120,003.57 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 88.59 Bn | 76.38 Bn | 6.04 Bn | 20.14% |
| 3 | Aon | 79.05 Bn | 77.63 Bn | - | 7.21% |
| 4 | Arthur J. Gallagher | 65.51 Bn | 64.10 Bn | - | 19.36% |
| 5 | Willis Towers Watson | 28.80 Bn | 26.95 Bn | 1.98 Bn | -2.75% |
| 6 | Brown & Brown | 23.48 Bn | 22.48 Bn | 1.61 Bn | 12.68% |
| 7 | Neptune Insurance Holdings | 4.20 Bn | 4.19 Bn | 26.44 Mn | 41.26% |
| 8 | Accelerant Holdings | 3.29 Bn | 1.75 Bn | 48.00 Mn | -21.65% |
| 9 | Corvel | 3.12 Bn | 2.78 Bn | 54.92 Mn | 19.58% |
| 10 | Baldwin Insurance | 2.53 Bn | 2.39 Bn | - | -555.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.21% |
| Dec 31, 2025 | 30.77% |
| Sep 30, 2025 | 27.00% |
| Jun 30, 2025 | 17.62% |
| Mar 31, 2025 | 1.78% |
| Dec 31, 2024 | 27.61% |
| Sep 30, 2024 | 25.56% |
| Jun 30, 2024 | 12.23% |
| Mar 31, 2024 | 6.41% |
| Dec 31, 2023 | 35.91% |
| Sep 30, 2023 | 33.36% |
| Jun 30, 2023 | 19.48% |
| Mar 31, 2023 | 9.48% |
| Dec 31, 2022 | 31.05% |
| Sep 30, 2022 | 36.65% |
| Jun 30, 2022 | 20.89% |
| Mar 31, 2022 | 11.99% |
| Dec 31, 2021 | 29.09% |
| Sep 30, 2021 | -4.66% |
| Jun 30, 2021 | 25.74% |