Growth Metrics

Aon (AON) FCF Margin (2009 - 2026)

Aon's 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 has reported FCF Margin for 18 years, with the latest figure at 7.21% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 543.0% year-over-year to 7.21%; the trailing twelve-month figure through Mar 2026 stood at 20.0% (up 386.0% YoY), and the FY2025 full-year result was 18.73%, up 79.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 7.21%, down from 30.77% in the prior quarter.
  • The five-year high for FCF Margin was 36.65% in Q3 2022, with the low at 1.78% in Q1 2025.
  • Average FCF Margin over 5 years is 20.88%, with a median of 20.89% recorded in 2022.
  • Year-over-year, FCF Margin jumped 4131 bps in 2022 and sank 830 bps in 2024.
  • Tracing AON's FCF Margin over 5 years: stood at 31.05% in 2022, then grew by 16 bps to 35.91% in 2023, then retreated by 23 bps to 27.61% in 2024, then advanced by 11 bps to 30.77% in 2025, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 7.21%
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 19.53%
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn -2.75%
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 12.68%
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn -21.65%
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 19.58%
8 Baldwin Insurance 1.84 Bn 2.28 Bn - -3.54%
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 18.45%
10 Twfg 279.02 Mn 351.22 Mn - 30.79%

Historic Data

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DateValue
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%
Mar 31, 2021 15.09%
Dec 31, 2020 24.89%
Sep 30, 2020 32.45%
Jun 30, 2020 34.08%
Mar 31, 2020 8.67%
Dec 31, 2019 21.28%
Sep 30, 2019 31.15%
Jun 30, 2019 9.13%
Mar 31, 2019 0.54%
Dec 31, 2018 23.47%
Sep 30, 2018 21.03%
Jun 30, 2018 8.08%
Mar 31, 2018 3.07%
Dec 31, 2017 11.10%
Sep 30, 2017 -8.12%
Jun 30, 2017 8.95%
Mar 31, 2017 206.00%
Dec 31, 2016 23.70%
Sep 30, 2016 25.26%
Jun 30, 2016 16.74%
Mar 31, 2016 4.70%
Dec 31, 2015 22.90%
Sep 30, 2015 23.04%
Jun 30, 2015 7.05%
Mar 31, 2015 8.23%
Dec 31, 2014 25.83%
Sep 30, 2014 16.88%
Jun 30, 2014 9.73%
Mar 31, 2014 -2.24%
Dec 31, 2013 22.25%
Sep 30, 2013 19.51%
Jun 30, 2013 9.35%
Mar 31, 2013 -0.21%
Dec 31, 2012 15.54%
Sep 30, 2012 19.22%
Jun 30, 2012 8.01%
Mar 31, 2012 -3.03%
Dec 31, 2011 4.71%
Sep 30, 2011 11.60%
Jun 30, 2011 7.86%
Mar 31, 2011 3.59%
Dec 31, 2010 -2.61%
Sep 30, 2010 -7.38%
Jun 30, 2010 19.92%
Mar 31, 2010 22.79%
Dec 31, 2009 12.78%
Sep 30, 2009 2.84%
Jun 30, 2009 -25.93%
Mar 31, 2009 28.82%