The Tip Desk

Aon plc

Company Stats

Market Cap
$58.7B
as of Sep 30, 2026
Enterprise Value
$72.8B
Shares Outstanding
212.2M
Free Float
92.9%

Income Statement

Revenue
$17.2B
Operating Income
$4.3B
Net Income
$3.7B
EBITDA
$4.5B
Revenue Growth, 3Y
11.2%
FCF Margin, 3Y Avg
20.2%
FCF Margin, Worst Year
17.9%

Cash Flow

Free Cash Flow
$3.2B
FCF Yield
5.5%
Owner FCF Yield
4.7%

Balance Sheet

Cash & Equivalents
$1.2B
Total Debt
$15.2B
Net Debt
$14.1B
Net Debt / EBITDA
3.10x
EV / EBITDA
16.06x
Net Debt / EBIT
3.24x

Returns & Capital

Dividends Paid
$629.0M
Dividend Yield
1.1%
Dividend Payout, 3Y Avg
19.1%
Share Repurchases
$1.0B
Buyback Yield, 3Y Avg
2.7%
SBC, 3Y Avg
$448.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$17.2B$3.2B18.7%
FY2024$15.7B$2.8B17.9%
FY2023$13.4B$3.2B23.8%
FY2022$12.5B$3.0B24.2%
FY2021$12.2B$2.0B16.8%

Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage