Aon (AON) FCF Margin (2009 - 2026)
Aon (AON) recorded quarterly FCF Margin of 7.21% in Q1 2026, down 76.56% quarter-over-quarter from 30.77% in Q4 2025, and up 543.0% on a YoY basis from 1.12% in Q1 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.
- In Q1 2026, FCF Margin rose 543.0% year-over-year to 7.21%; the TTM figure through Mar 2026 stood at 20.0% (up 386.0% YoY), while the FY2025 annual figure was 18.73%, up 79.0% from the prior year.
- FCF Margin was 7.21% for Q1 2026 at Aon, down from 30.77% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 36.65% in Q3 2022 to a low of 1.78% in Q1 2025.
- Historically, FCF Margin has averaged 20.88% across 5 years, with a median of 20.89% in 2022.
- The sharpest annual moves came in 2022 and 2024: FCF Margin surged 4131 bps in 2022, then sank 830 bps in 2024.
- A 5-year view of FCF Margin shows it 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 plunged by 77 bps to 7.21% in 2026.
- The last three FCF Margin figures came in at 7.21% (Q1 2026), 30.77% (Q4 2025), and 27.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | -9.87% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 7.21% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 19.53% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | -2.75% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 12.68% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 41.26% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 19.58% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -21.65% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -3.54% |
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% |