Aon plc Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	17,181	15,698	13,376	12,479	12,193
Revenue Growth (YoY)	9.45%	17.36%	7.19%	2.35%	10.18%
Cost of Revenue	9,072	8,331	7,000	6,656	6,717
Gross Profit	8,109	7,367	6,376	5,823	5,476
Selling, General & Admin	2,467	2,319	2,298	2,011	3,039
Amortization of Goodwill & Intangibles	778	503	89	113	147
Operating Expenses	3,433	3,005	2,554	2,275	3,365
Operating Income	4,676	4,362	3,822	3,548	2,111
Interest Expense	-815	-788	-484	-406	-322
Interest & Investment Income	19	67	31	18	11
Earnings From Equity Investments	-	10	5	10	8
Currency Exchange Gain (Loss)	-	8	-99	-14	26
Other Non Operating Income (Expenses)	99	48	25	4	-45
EBT Excluding Unusual Items	3,979	3,707	3,300	3,160	1,789
Merger & Restructuring Charges	-442	-575	-135	-	-
Gain (Loss) on Sale of Assets	1,199	337	4	54	142
Legal Settlements	23	-	-	-58	-
Other Unusual Items	-	-7	-	-	-
Pretax Income	4,759	3,462	3,169	3,156	1,931
Income Tax Expense	1,009	742	541	510	623
Earnings From Continuing Operations	3,750	2,720	2,628	2,646	1,308
Net Income to Company	3,750	2,720	2,628	2,646	1,308
Minority Interest in Earnings	-55	-66	-64	-57	-53
Net Income	3,695	2,654	2,564	2,589	1,255
Net Income to Common	3,695	2,654	2,564	2,589	1,255
Net Income Growth	39.22%	3.51%	-0.97%	106.30%	-36.26%
Shares Outstanding (Basic)	216	211	204	212	225
Shares Outstanding (Diluted)	217	213	205	213	226
Shares Change (YoY)	2.17%	3.66%	-3.85%	-5.71%	-3.00%
EPS (Basic)	17.11	12.55	12.60	12.23	5.59
EPS (Diluted)	17.02	12.49	12.51	12.14	5.55
EPS Growth	36.27%	-0.16%	3.05%	118.74%	-34.32%
Free Cash Flow	3,218	2,817	3,183	3,023	2,045
Free Cash Flow Per Share	14.82	13.26	15.53	14.18	9.04
Dividend Per Share	2.980	2.640	2.410	2.190	1.990
Dividend Growth	12.88%	9.54%	10.05%	10.05%	11.80%
Gross Margin	47.20%	46.93%	47.67%	46.66%	44.91%
Operating Margin	27.22%	27.79%	28.57%	28.43%	17.31%
Profit Margin	21.51%	16.91%	19.17%	20.75%	10.29%
Free Cash Flow Margin	18.73%	17.95%	23.80%	24.22%	16.77%
EBITDA	5,642	4,977	4,016	3,812	2,437
EBITDA Margin	32.84%	31.70%	30.02%	30.55%	19.99%
D&A For EBITDA	966	615	194	264	326
EBIT	4,676	4,362	3,822	3,548	2,111
EBIT Margin	27.22%	27.79%	28.57%	28.43%	17.31%
Effective Tax Rate	21.20%	21.43%	17.07%	16.16%	32.26%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.