Aon (AON) Operating Margin (2009 - 2026)
Aon's quarterly Operating Margin came in at 34.07% in Q1 2026, up 317.0% year-on-year from 8.17% in Q1 2025, and up 21.27% quarter-over-quarter from 28.09% in Q4 2025.
Aon has reported Operating Margin for 18 years, with the latest figure at 34.07% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 317.0% year-over-year to 34.07%; the trailing twelve-month figure through Mar 2026 stood at 26.3% (up 287.0% YoY), and the FY2025 full-year result was 25.28%, up 85.0% from the prior year.
- Operating Margin for Q1 2026 stood at 34.07%, up from 28.09% 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 26.86%, with a median of 26.31% recorded in 2024.
- Year-over-year, Operating Margin surged 5153 bps in 2022 and plunged 925 bps in 2023.
- Tracing AON's Operating Margin over 5 years: 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 increased by 21 bps to 34.07% in 2026.
- The last three Operating Margin figures came in at 34.07% (Q1 2026), 28.09% (Q4 2025), and 20.42% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 34.07% |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 18.96% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 83.90% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 9.32% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 13.68% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -19.15% |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 16.11% |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 16.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 23.28% |
| Mar 31, 2021 | 35.32% |
| Dec 31, 2020 | 24.05% |
| Sep 30, 2020 | 18.49% |
| Jun 30, 2020 | 23.79% |
| Mar 31, 2020 | 32.09% |
| Dec 31, 2019 | 18.16% |
| Sep 30, 2019 | 15.13% |
| Jun 30, 2019 | 15.85% |
| Mar 31, 2019 | 27.74% |
| Dec 31, 2018 | 18.01% |
| Sep 30, 2018 | 11.15% |
| Jun 30, 2018 | -0.62% |
| Mar 31, 2018 | 25.86% |
| Dec 31, 2017 | 20.66% |
| Sep 30, 2017 | 10.94% |
| Jun 30, 2017 | -5.36% |
| Mar 31, 2017 | 335.00% |
| Dec 31, 2016 | 17.47% |
| Sep 30, 2016 | 16.72% |
| Jun 30, 2016 | 16.96% |
| Mar 31, 2016 | 18.45% |
| Dec 31, 2015 | 20.33% |
| Sep 30, 2015 | 15.37% |
| Jun 30, 2015 | 10.86% |
| Mar 31, 2015 | 16.08% |
| Dec 31, 2014 | 19.25% |
| Sep 30, 2014 | 14.48% |
| Jun 30, 2014 | 15.24% |
| Mar 31, 2014 | 15.91% |
| Dec 31, 2013 | 16.05% |
| Sep 30, 2013 | 13.03% |
| Jun 30, 2013 | 13.19% |
| Mar 31, 2013 | 14.07% |
| Dec 31, 2012 | 14.80% |
| Sep 30, 2012 | 12.39% |
| Jun 30, 2012 | 13.97% |
| Mar 31, 2012 | 14.15% |
| Dec 31, 2011 | 14.36% |
| Sep 30, 2011 | 12.05% |
| Jun 30, 2011 | 15.65% |
| Mar 31, 2011 | 14.43% |
| Dec 31, 2010 | 14.51% |
| Sep 30, 2010 | 14.60% |
| Jun 30, 2010 | 14.12% |
| Mar 31, 2010 | 14.34% |
| Dec 31, 2009 | 11.63% |
| Sep 30, 2009 | 10.81% |
| Jun 30, 2009 | 11.69% |
| Mar 31, 2009 | 19.83% |