Aon (AON) Operating Expenses (2009 - 2026)
Aon's (AON) quarterly Operating Expenses came in at $3.3 billion in Q1 2026, up 1.56% year-on-year from $3.3 billion in Q1 2025, and up 7.34% quarter-over-quarter from $3.1 billion in Q4 2025.
Aon (AON) Operating Expenses (2009 - 2026) Analysis & Trends
Aon's Operating Expenses history runs 18 years deep, the most recent figure standing at $3.3 billion for Q1 2026.
- On a quarterly basis, Operating Expenses rose 1.56% year-over-year to $3.3 billion in Q1 2026; TTM through Mar 2026 was $12.9 billion, a 2.89% increase from a year earlier, with the FY2025 full-year figure at $12.8 billion, up 8.21% from the prior year.
- Operating Expenses rose to $3.3 billion in Q1 2026 per AON's latest filing, from $3.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.3 billion in Q1 2026 and bottomed at $2.1 billion in Q3 2022.
- The 5-year median for Operating Expenses is $2.6 billion (2024), against an average of $2.7 billion.
- Across the five-year window, Operating Expenses tumbled 39.88% in 2022 and surged 36.96% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $2.1 billion in 2022, then climbed by 22.57% to $2.6 billion in 2023, then climbed by 17.72% to $3.1 billion in 2024, then gained by 1.18% to $3.1 billion in 2025, then gained by 7.34% to $3.3 billion in 2026.
- Per Business Quant, the three latest AON Operating Expenses figures stand at $3.3 billion (Q1 2026), $3.1 billion (Q4 2025), and $3.2 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 643.00 Mn |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 1.37 Bn |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 24.35 Mn |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 271.30 Mn |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | 633.50 Mn |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 Bn | - | 86.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.32 Bn |
| Dec 31, 2025 | 3.09 Bn |
| Sep 30, 2025 | 3.18 Bn |
| Jun 30, 2025 | 3.30 Bn |
| Mar 31, 2025 | 3.27 Bn |
| Dec 31, 2024 | 3.06 Bn |
| Sep 30, 2024 | 3.10 Bn |
| Jun 30, 2024 | 3.10 Bn |
| Mar 31, 2024 | 2.61 Bn |
| Dec 31, 2023 | 2.60 Bn |
| Sep 30, 2023 | 2.26 Bn |
| Jun 30, 2023 | 2.34 Bn |
| Mar 31, 2023 | 2.40 Bn |
| Dec 31, 2022 | 2.12 Bn |
| Sep 30, 2022 | 2.11 Bn |
| Jun 30, 2022 | 2.28 Bn |
| Mar 31, 2022 | 2.30 Bn |
| Dec 31, 2021 | 2.11 Bn |
| Sep 30, 2021 | 3.50 Bn |
| Jun 30, 2021 | 2.21 Bn |