Growth Metrics

Aon (AON) Operating Expenses (2009 - 2026)

Aon's 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 has reported Operating Expenses for 18 years, with the latest figure at $3.3 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 1.56% year-over-year to $3.3 billion; the trailing twelve-month figure through Mar 2026 stood at $12.9 billion (up 2.89% YoY), and the FY2025 full-year result was $12.8 billion, up 8.21% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.3 billion, up from $3.1 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.3 billion in Q1 2026, with the low at $2.1 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $2.7 billion, with a median of $2.6 billion recorded in 2024.
  • Year-over-year, Operating Expenses tumbled 39.88% in 2022 and surged 36.96% in 2024.
  • Tracing AON's Operating Expenses over 5 years: stood at $2.1 billion in 2022, then grew by 22.57% to $2.6 billion in 2023, then grew by 17.72% to $3.1 billion in 2024, then advanced by 1.18% to $3.1 billion in 2025, then advanced by 7.34% to $3.3 billion in 2026.
  • The last three Operating Expenses figures came in at $3.3 billion (Q1 2026), $3.1 billion (Q4 2025), and $3.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 3.32 Bn
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 3.72 Bn
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 1.96 Bn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 17.00 Mn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 271.30 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 22.68 Mn
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 633.50 Mn
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 78.08 Mn
10 Twfg 279.02 Mn 351.22 Mn - 60.49 Mn

Historic Data

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DateValue
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
Mar 31, 2021 2.28 Bn
Dec 31, 2020 2.25 Bn
Sep 30, 2020 1.94 Bn
Jun 30, 2020 1.90 Bn
Mar 31, 2020 2.19 Bn
Dec 31, 2019 2.36 Bn
Sep 30, 2019 2.02 Bn
Jun 30, 2019 2.19 Bn
Mar 31, 2019 2.27 Bn
Dec 31, 2018 2.27 Bn
Sep 30, 2018 2.09 Bn
Jun 30, 2018 2.58 Bn
Mar 31, 2018 2.29 Bn
Dec 31, 2017 2.31 Bn
Sep 30, 2017 2.08 Bn
Jun 30, 2017 2.50 Bn
Mar 31, 2017 2.05 Bn
Dec 31, 2016 2.01 Bn
Sep 30, 2016 1.83 Bn
Jun 30, 2016 1.90 Bn
Mar 31, 2016 1.86 Bn
Dec 31, 2015 630.00 Mn
Sep 30, 2015 2.33 Bn
Jun 30, 2015 2.53 Bn
Mar 31, 2015 2.41 Bn
Dec 31, 2014 2.66 Bn
Sep 30, 2014 2.46 Bn
Jun 30, 2014 2.47 Bn
Mar 31, 2014 2.48 Bn
Dec 31, 2013 2.69 Bn
Sep 30, 2013 2.43 Bn
Jun 30, 2013 2.52 Bn
Mar 31, 2013 2.51 Bn
Dec 31, 2012 2.65 Bn
Sep 30, 2012 2.40 Bn
Jun 30, 2012 2.43 Bn
Mar 31, 2012 2.44 Bn
Dec 31, 2011 2.56 Bn
Sep 30, 2011 2.40 Bn
Jun 30, 2011 2.37 Bn
Mar 31, 2011 2.36 Bn
Dec 31, 2010 2.47 Bn
Sep 30, 2010 1.54 Bn
Jun 30, 2010 1.63 Bn
Mar 31, 2010 1.63 Bn
Dec 31, 2009 1.83 Bn
Sep 30, 2009 1.60 Bn
Jun 30, 2009 1.66 Bn
Mar 31, 2009 1.48 Bn