Aon plc (AON)
NYSE: AON · Real-Time Price · USD
338.31
+4.89 (1.47%)
Nov 13, 2026, 4:00 PM EST - Market closed
Aon plc Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 3,932 | 3,695 | 2,654 | 2,564 | 2,589 | 1,255 |
Depreciation & Amortization | 878 | 966 | 695 | 256 | 264 | 326 |
Loss (Gain) From Sale of Assets | -1,220 | -1,201 | -337 | -4 | -54 | -142 |
Stock-Based Compensation | 368 | 432 | 474 | 438 | 397 | 449 |
Other Operating Activities | -80 | -219 | -388 | -281 | -25 | 69 |
Change in Accounts Receivable | -506 | -257 | -312 | -188 | -96 | -119 |
Change in Accounts Payable | 1 | -155 | 393 | 13 | -22 | 264 |
Change in Income Taxes | 206 | 114 | - | 174 | 216 | 200 |
Change in Other Net Operating Assets | -5 | 106 | -144 | 463 | -50 | -120 |
Operating Cash Flow | 3,574 | 3,481 | 3,035 | 3,435 | 3,219 | 2,182 |
Operating Cash Flow Growth | 8.83% | 14.70% | -11.64% | 6.71% | 47.52% | -21.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -308 | -263 | -218 | -252 | -196 | -137 |
Cash Acquisitions | -445 | -394 | -3,506 | -35 | -162 | -14 |
Divestitures | 2,259 | 2,349 | 700 | 5 | 81 | 218 |
Investment in Securities | -13,076 | -1,406 | 191 | 94 | -172 | -18 |
Investing Cash Flow | -11,570 | 286 | -2,833 | -188 | -449 | 49 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | - | 280 | 358 | 702 | 1,239 |
Long-Term Debt Issued | - | - | 7,926 | 744 | 1,967 | 1,495 |
Total Debt Issued | 13,454 | - | 8,206 | 1,102 | 2,669 | 2,734 |
Short-Term Debt Repaid | - | -390 | -591 | -27 | -65 | - |
Long-Term Debt Repaid | - | -1,850 | -4,928 | -350 | -500 | -413 |
Total Debt Repaid | -2,136 | -2,240 | -5,519 | -377 | -565 | -413 |
Net Debt Issued (Repaid) | 11,318 | -2,240 | 2,687 | 725 | 2,104 | 2,321 |
Issuance of Common Stock | 63 | 70 | 79 | 72 | 58 | 55 |
Repurchase of Common Stock | -1,512 | -1,208 | -1,202 | -2,941 | -3,418 | -3,728 |
Common Dividends Paid | -672 | -629 | -562 | -489 | -463 | -447 |
Other Financing Activities | -215 | -198 | -206 | -232 | -71 | -125 |
Financing Cash Flow | 8,982 | -4,205 | 796 | -2,865 | -1,790 | -1,924 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -35 | 678 | -387 | 264 | -549 | -235 |
Net Cash Flow | 951 | 240 | 611 | 646 | 431 | 72 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 3,266 | 3,218 | 2,817 | 3,183 | 3,023 | 2,045 |
Free Cash Flow Growth | 7.43% | 14.24% | -11.50% | 5.29% | 47.82% | -22.60% |
Free Cash Flow Margin | 18.47% | 18.73% | 17.95% | 23.80% | 24.22% | 16.77% |
Free Cash Flow Per Share | 15.21 | 14.82 | 13.26 | 15.53 | 14.18 | 9.04 |
Levered Free Cash Flow | 4,397 | 3,060 | 3,415 | 2,637 | 2,568 | 1,939 |
Unlevered Free Cash Flow | 4,869 | 3,569 | 3,908 | 2,940 | 2,822 | 2,140 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 728 | 796 | 658 | 446 | 351 | 328 |
Cash Income Tax Paid | 1,020 | 1,036 | - | - | 546 | 412 |
Change in Working Capital | -304 | -192 | -63 | 462 | 48 | 225 |