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
DateValue
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