Aon (AON) Operating Margin (2009 - 2026)
Aon (AON) posted quarterly Operating Margin of 21.55% for Q2 2026, up 88.0% year-over-year from 11.46% in Q2 2025, and down 36.75% quarter-over-quarter from 34.07% in Q1 2026.
Aon (AON) Operating Margin (2009 - 2026) Analysis & Trends
Aon's Operating Margin history runs 18 years deep, the most recent figure standing at 21.55% for Q2 2026.
- In Q2 2026, Operating Margin rose 88.0% year-over-year to 21.55%; the TTM figure through Jun 2026 stood at 26.48% (up 240.0% YoY), while the FY2025 annual figure was 25.28%, up 85.0% from the prior year.
- Operating Margin for Q2 2026 stood at 21.55%, 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.
- The 5-year median for Operating Margin is 24.89% (2022), against an average of 26.56%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 5153 bps in 2022, then tumbled 925 bps in 2023.
- Aon's Operating Margin stood at 32.33% in 2022, then dropped by 29 bps to 23.08% in 2023, then rose by 14 bps to 26.31% in 2024, then increased by 7 bps to 28.09% in 2025, then dropped by 23 bps to 21.55% in 2026.
- Business Quant data shows AON's Operating Margin at 21.55% in Q2 2026, 34.07% in Q1 2026, and 28.09% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 25.65% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 21.55% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 14.76% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 6.68% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 18.73% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 47.52% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 2.02% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |