Aon plc (AON)
NYSE: AON · Real-Time Price · USD
356.20
-2.10 (-0.59%)
Aug 10, 2026, 1:11 PM EDT - Market open
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 | Jun '26 Jun 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 | 3,978 | 3,750 | 2,720 | 2,628 | 2,646 | 1,308 |
Depreciation & Amortization | 894 | 966 | 686 | 256 | 264 | 326 |
Stock-Based Compensation | 370 | 432 | 474 | 438 | 397 | 449 |
Other Adjustments | -1,231 | -1,475 | -782 | -349 | -136 | -126 |
Change in Receivables | -535 | -257 | -312 | -188 | -96 | -119 |
Changes in Accounts Payable | -22 | -155 | 393 | 13 | -22 | 264 |
Changes in Income Taxes Payable | 118 | 114 | - | 174 | 216 | 200 |
Changes in Other Operating Activities | -41 | 106 | -144 | 463 | -50 | -120 |
Operating Cash Flow | 3,531 | 3,481 | 3,035 | 3,435 | 3,219 | 2,182 |
Operating Cash Flow Growth | 12.13% | 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 | Jun '26 Jun 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 | -283 | -263 | -218 | -252 | -196 | -137 |
Purchases of Investments | -166 | -172 | -172 | -67 | -107 | -91 |
Proceeds from Sale of Investments | 107 | 145 | 212 | 76 | 110 | 58 |
Cash Acquisitions | -573 | -394 | -3,506 | -35 | -162 | -14 |
Proceeds from Business Divestments | 2,251 | 2,349 | 700 | 5 | 81 | 218 |
Other Investing Activities | 168 | -1,379 | 151 | 85 | -175 | 15 |
Investing Cash Flow | 1,504 | 286 | -2,833 | -188 | -449 | 49 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -207 | -24 | -591 | -27 | -65 | 671 |
Net Short-Term Debt Issued (Repaid) | -207 | -24 | -591 | -27 | -65 | 671 |
Long-Term Debt Issued | - | - | 7,926 | 744 | 1,967 | 1,495 |
Long-Term Debt Repaid | -2,143 | -1,850 | -4,928 | -350 | -500 | -413 |
Net Long-Term Debt Issued (Repaid) | -2,143 | -1,850 | 2,998 | 394 | 1,467 | 1,082 |
Issuance of Common Stock | 65 | 70 | 79 | 72 | 58 | 55 |
Repurchase of Common Stock | -1,600 | -1,000 | -1,000 | -2,700 | -3,203 | -3,543 |
Net Common Stock Issued (Repurchased) | -1,535 | -930 | -921 | -2,628 | -3,145 | -3,488 |
Common Dividends Paid | -658 | -629 | -562 | -489 | -463 | -447 |
Other Financing Activities | -588 | -772 | -128 | -115 | 416 | 258 |
Financing Cash Flow | -5,131 | -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 | Jun '26 Jun 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 | -165 | 678 | -387 | 264 | -549 | -235 |
Net Cash Flow | -261 | 240 | 611 | 646 | 431 | 72 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 3,248 | 3,218 | 2,817 | 3,183 | 3,023 | 2,045 |
Free Cash Flow Growth | 11.54% | 14.24% | -11.50% | 5.29% | 47.82% | -22.60% |
FCF Margin | 18.48% | 18.73% | 17.95% | 23.80% | 24.22% | 16.77% |
Free Cash Flow Per Share | 15.06 | 14.82 | 13.26 | 15.53 | 14.18 | 9.04 |
Levered Free Cash Flow | 2,230 | 2,589 | 5,778 | 3,585 | 4,203 | 3,541 |
Unlevered Free Cash Flow | 4,308 | 4,191 | 3,730 | 3,793 | 3,288 | 1,949 |