Aon (AON) Invested Capital (2009 - 2026)
Aon (AON) recorded Invested Capital of $38.24 billion in Q3 2026, up 53.5% from $24.9 billion a year earlier and up 55.1% from the prior quarter.
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Analysis
Aon (AON) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Aon reported Invested Capital of $24.71 billion, up 5.9% from FY2024.
- Annual Invested Capital has increased for three straight years, with a five-year compound annual growth rate of 16.9% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $23.32 billion in FY2024 (+123.0%), $10.46 billion in FY2023 (+1.1%), $10.34 billion in FY2022 (-2.0%) and $10.55 billion in FY2021 (-6.7%).
- The Q3 2026 figure is the highest quarterly Invested Capital in data going back to Q2 2009.
- On a year-over-year basis, Invested Capital rose in six of the last eight quarters, with growth averaging 30.3%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 123.0% in Q4 2024, against a decline of 6.7% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $24.65 billion (Q2 2026), $24.62 billion (Q1 2026) and $24.71 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 141.98 Bn | 87.62 Bn | 8.67 Bn | 97.60 Bn |
| 2 | Progressive | 133.50 Bn | 109.33 Bn | 9.04 Bn | 42.72 Bn |
| 3 | Marsh & Mclennan Companies | 97.38 Bn | 89.54 Bn | - | 35.44 Bn |
| 4 | Travelers Companies | 83.31 Bn | 59.56 Bn | 6.23 Bn | 42.19 Bn |
| 5 | Manulife Financial | 76.34 Bn | -18.55 Bn | - | 84.85 Bn |
| 6 | Arthur J. Gallagher | 70.45 Bn | 70.45 Bn | - | - |
| 7 | Aon | 70.28 Bn | 49.48 Bn | - | 38.24 Bn |
| 8 | Allstate | 66.95 Bn | 28.22 Bn | 8.73 Bn | 41.19 Bn |
| 9 | Metlife | 64.79 Bn | -41.99 Bn | 7.82 Bn | 33.63 Bn |
| 10 | Aflac | 62.88 Bn | 38.09 Bn | 2.27 Bn | 39.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.24 Bn |
| Jun 30, 2026 | 24.65 Bn |
| Mar 31, 2026 | 24.62 Bn |
| Dec 31, 2025 | 24.71 Bn |
| Sep 30, 2025 | 24.90 Bn |
| Jun 30, 2025 | 25.30 Bn |
| Mar 31, 2025 | 24.83 Bn |
| Dec 31, 2024 | 23.32 Bn |
| Sep 30, 2024 | 23.51 Bn |
| Jun 30, 2024 | 23.64 Bn |
| Mar 31, 2024 | 16.49 Bn |
| Dec 31, 2023 | 10.46 Bn |
| Sep 30, 2023 | 10.77 Bn |
| Jun 30, 2023 | 11.49 Bn |
| Mar 31, 2023 | 11.41 Bn |
| Dec 31, 2022 | 10.34 Bn |
| Sep 30, 2022 | 10.16 Bn |
| Jun 30, 2022 | 11.19 Bn |
| Mar 31, 2022 | 11.58 Bn |
| Dec 31, 2021 | 10.55 Bn |
API Access
Aon Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=AON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "AON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=AON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();