Aon AON
NYSE AON
$304.83 -10.96 (-3.47%)
As of: Sep 9, 2026 · 3:59 PM EDT

Aon (AON) Operating Margin (2009 - 2026)

Aon (AON) posted Operating Margin of 21.55% for Q2 2026, down 36.75% on a QoQ basis from 34.07% in Q1 2026, and up 88.0% year-over-year from 11.46% in Q2 2025.

Analysis

Aon (AON) Operating Margin (2009 - 2026) Analysis & Trends

Aon has reported Operating Margin for 18 years, with the latest figure at 21.55% in Q2 2026.

  • On a quarterly basis, Operating Margin rose 88.0% year-over-year to 21.55% in Q2 2026; TTM through Jun 2026 was 26.48%, a 240.0% increase from a year earlier, with the FY2025 full-year figure at 25.28%, up 85.0% from the prior year.
  • Operating Margin was 21.55% for Q2 2026 at Aon, down from 34.07% in the prior quarter.
  • The five-year high for Operating Margin was 38.05% in Q1 2023, with the low at 16.74% in Q3 2024.
  • Average Operating Margin over 5 years is 26.56%, with a median of 24.89% recorded in 2022.
  • The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 5153 bps in 2022, then tumbled 925 bps in 2023.
  • Over 5 years, Operating Margin stood at 32.33% in 2022, then fell by 29 bps to 23.08% in 2023, then advanced by 14 bps to 26.31% in 2024, then gained by 7 bps to 28.09% in 2025, then fell by 23 bps to 21.55% in 2026.
  • The last three Operating Margin figures came in at 21.55% (Q2 2026), 34.07% (Q1 2026), and 28.09% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Marsh & Mclennan Companies 88.77 Bn 76.82 Bn 6.04 Bn 25.65%
2 Aon 68.55 Bn 67.31 Bn - 21.55%
3 Arthur J. Gallagher 67.32 Bn 65.96 Bn - -
4 Willis Towers Watson 31.09 Bn 29.51 Bn 2.09 Bn 14.76%
5 Brown & Brown 23.57 Bn 22.68 Bn 1.41 Bn 6.68%
6 XChange TEC.INC 16.98 Bn 16.98 Bn - -
7 Erie Indemnity 11.68 Bn 11.33 Bn - 18.73%
8 Ryan Specialty Holdings 10.71 Bn 11.08 Bn - 19.67%
9 Hagerty 4.65 Bn 4.78 Bn 244.11 Mn 3.10%
10 Neptune Insurance Holdings 4.58 Bn 4.56 Bn - 47.52%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 21.55%
Mar 31, 2026 34.07%
Dec 31, 2025 28.09%
Sep 30, 2025 20.42%
Jun 30, 2025 20.67%
Mar 31, 2025 30.89%
Dec 31, 2024 26.31%
Sep 30, 2024 16.74%
Jun 30, 2024 17.45%
Mar 31, 2024 36.00%
Dec 31, 2023 23.08%
Sep 30, 2023 23.40%
Jun 30, 2023 26.50%
Mar 31, 2023 38.05%
Dec 31, 2022 32.33%
Sep 30, 2022 21.88%
Jun 30, 2022 23.47%
Mar 31, 2022 37.25%
Dec 31, 2021 31.62%
Sep 30, 2021 -29.64%