Aon (AON) Invested Capital (2009 - 2026)
Aon's (AON) quarterly Invested Capital came in at $1.1 billion in Q1 2026, down 16.84% year-on-year from $1.3 billion in Q1 2025, and up 90.32% quarter-over-quarter from $589.0 million in Q4 2025.
Aon (AON) Invested Capital (2009 - 2026) Analysis & Trends
Aon's Invested Capital history runs 18 years deep, the most recent figure standing at $1.1 billion for Q1 2026.
- On a quarterly basis, Invested Capital fell 16.84% year-over-year to $1.1 billion in Q1 2026; TTM through Mar 2026 was $5.3 billion, a 151.17% increase from a year earlier, with the FY2025 full-year figure at $589.0 million, down 21.57% from the prior year.
- Invested Capital improved to $1.1 billion in Q1 2026 per AON's latest filing, from $589.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $1.8 billion in Q2 2025 and bottomed at $4.0 million in Q2 2024.
- The 5-year median for Invested Capital is $860.0 million (2022), against an average of $974.0 million.
- Across the five-year window, Invested Capital sank 99.7% in 2024 and jumped 45825.0% in 2025, its largest moves.
- Year by year, Invested Capital stood at $945.0 million in 2022, then increased by 27.41% to $1.2 billion in 2023, then tumbled by 37.62% to $751.0 million in 2024, then dropped by 21.57% to $589.0 million in 2025, then surged by 90.32% to $1.1 billion in 2026.
- Per Business Quant, the three latest AON Invested Capital figures stand at $1.1 billion (Q1 2026), $589.0 million (Q4 2025), and $1.7 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 120,003.58 Bn | 120,003.57 Bn | - | 4.94 Mn |
| 2 | Marsh & Mclennan Companies | 88.53 Bn | 76.33 Bn | 6.04 Bn | 1.67 Bn |
| 3 | Aon | 78.95 Bn | 77.53 Bn | - | 1.12 Bn |
| 4 | Arthur J. Gallagher | 65.21 Bn | 63.80 Bn | - | 640.00 Mn |
| 5 | Willis Towers Watson | 28.77 Bn | 26.91 Bn | 1.98 Bn | - |
| 6 | Brown & Brown | 23.36 Bn | 22.35 Bn | 1.61 Bn | 1.24 Bn |
| 7 | Neptune Insurance Holdings | 4.19 Bn | 4.18 Bn | 26.44 Mn | - |
| 8 | Accelerant Holdings | 3.24 Bn | 1.71 Bn | 48.00 Mn | - |
| 9 | Corvel | 3.14 Bn | 2.80 Bn | 54.92 Mn | - |
| 10 | Baldwin Insurance | 2.50 Bn | 2.35 Bn | - | 115.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 589.00 Mn |
| Sep 30, 2025 | 1.74 Bn |
| Jun 30, 2025 | 1.84 Bn |
| Mar 31, 2025 | 1.35 Bn |
| Dec 31, 2024 | 751.00 Mn |
| Jun 30, 2024 | 4.00 Mn |
| Mar 31, 2024 | 606.00 Mn |
| Dec 31, 2023 | 1.20 Bn |
| Sep 30, 2023 | 1.28 Bn |
| Jun 30, 2023 | 1.34 Bn |
| Mar 31, 2023 | 775.00 Mn |
| Dec 31, 2022 | 945.00 Mn |
| Sep 30, 2022 | 711.00 Mn |
| Jun 30, 2022 | 739.00 Mn |
| Mar 31, 2022 | 599.00 Mn |
| Dec 31, 2021 | 1.16 Bn |
| Sep 30, 2021 | 150.00 Mn |
| Jun 30, 2021 | 13.00 Mn |
| Dec 31, 2020 | 448.00 Mn |