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
Download Data
Historic 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% |