Aon (AON) Research & Development (2016 - 2026)
Aon (AON) recorded quarterly Research & Development of $144.0 million in Q1 2026, down 7.69% quarter-over-quarter from $156.0 million in Q4 2025, and up 5.88% on a YoY basis from $136.0 million in Q1 2025.
Aon (AON) Research & Development (2016 - 2026) Analysis & Trends
Aon's Research & Development history runs 11 years deep, the most recent figure standing at $144.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 5.88% year-over-year to $144.0 million; the TTM figure through Mar 2026 stood at $576.0 million (up 4.54% YoY), while the FY2025 annual figure was $568.0 million, up 5.38% from the prior year.
- Research & Development was $144.0 million for Q1 2026 at Aon, down from $156.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $156.0 million in Q4 2025 to a low of $115.0 million in Q2 2022.
- Historically, Research & Development has averaged $134.9 million across 5 years, with a median of $136.0 million in 2025.
- The sharpest annual moves came in 2022 and 2024: Research & Development rose 16.95% in 2022, then retreated 10.79% in 2024.
- A 5-year view of Research & Development shows it stood at $138.0 million in 2022, then fell by 5.07% to $131.0 million in 2023, then climbed by 8.4% to $142.0 million in 2024, then increased by 9.86% to $156.0 million in 2025, then dropped by 7.69% to $144.0 million in 2026.
- The last three Research & Development figures came in at $144.0 million (Q1 2026), $156.0 million (Q4 2025), and $140.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | - |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 144.00 Mn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | - |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | - |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | - |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | - |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | - |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | - |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 144.00 Mn |
| Dec 31, 2025 | 156.00 Mn |
| Sep 30, 2025 | 140.00 Mn |
| Jun 30, 2025 | 136.00 Mn |
| Mar 31, 2025 | 136.00 Mn |
| Dec 31, 2024 | 142.00 Mn |
| Sep 30, 2024 | 141.00 Mn |
| Jun 30, 2024 | 132.00 Mn |
| Mar 31, 2024 | 124.00 Mn |
| Dec 31, 2023 | 131.00 Mn |
| Sep 30, 2023 | 135.00 Mn |
| Jun 30, 2023 | 129.00 Mn |
| Mar 31, 2023 | 139.00 Mn |
| Dec 31, 2022 | 138.00 Mn |
| Sep 30, 2022 | 133.00 Mn |
| Jun 30, 2022 | 115.00 Mn |
| Mar 31, 2022 | 123.00 Mn |
| Dec 31, 2021 | 118.00 Mn |
| Sep 30, 2021 | 130.00 Mn |
| Jun 30, 2021 | 115.00 Mn |