Financhill
Buy
65

AON Quote, Financials, Valuation and Earnings

Last price:
$356.68
Seasonality move :
4.52%
Day range:
$354.02 - $358.14
52-week range:
$323.73 - $412.97
Dividend yield:
0.82%
P/E ratio:
28.56x
P/S ratio:
4.53x
P/B ratio:
9.66x
Volume:
283.9K
Avg. volume:
1.1M
1-year change:
-1.37%
Market cap:
$76.7B
Revenue:
$15.7B
EPS (TTM):
$12.49
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $11.1B $12.1B $12.5B $13.4B $15.7B
Revenue Growth (YoY) 0.7% 9.91% 2.75% 7.35% 17.51%
 
Cost of Revenues $1.1B $1.1B $1.1B $1.1B $1.6B
Gross Profit $9.9B $11B $11.4B $12.3B $14.2B
Gross Profit Margin 89.62% 90.7% 91.49% 91.91% 90.16%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $7M $131M $54M -$200M $91M
Operating Expenses $7.1B $9B $7.7B $8.2B $9.9B
Operating Income $2.8B $2B $3.7B $4.1B $4.3B
 
Net Interest Expenses $333M $322M $406M $484M $789M
EBT. Incl. Unusual Items $2.5B $1.9B $3.2B $3.2B $3.5B
Earnings of Discontinued Ops. $1M -- -- -- --
Income Tax Expense $448M $623M $510M $541M $742M
Net Income to Company $2B $1.3B $2.6B $2.6B $2.7B
 
Minority Interest in Earnings $49M $53M $57M $64M $66M
Net Income to Common Excl Extra Items $2B $1.3B $2.6B $2.6B $2.7B
 
Basic EPS (Cont. Ops) $8.49 $5.59 $12.23 $12.60 $12.55
Diluted EPS (Cont. Ops) $8.45 $5.55 $12.14 $12.51 $12.49
Weighted Average Basic Share $231.9M $224.7M $211.7M $203.5M $211.4M
Weighted Average Diluted Share $233.1M $226.1M $213.2M $205M $212.5M
 
EBITDA $3.2B $2.4B $4B $4.4B $5B
EBIT $2.8B $2B $3.7B $4.1B $4.3B
 
Revenue (Reported) $11.1B $12.1B $12.5B $13.4B $15.7B
Operating Income (Reported) $2.8B $2B $3.7B $4.1B $4.3B
Operating Income (Adjusted) $2.8B $2B $3.7B $4.1B $4.3B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $2.7B $2.7B $2.9B $3.7B $4B
Revenue Growth (YoY) 11.88% -0.67% 10.28% 26.63% 7.36%
 
Cost of Revenues $320M $275M $271M $450M $465M
Gross Profit $2.4B $2.4B $2.7B $3.3B $3.5B
Gross Profit Margin 88.08% 89.69% 90.78% 87.91% 88.37%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $5M $19M -$9M -$20M --
Operating Expenses $3.2B $1.8B $2B $2.6B $2.7B
Operating Income -$820M $561M $684M $694M $848M
 
Net Interest Expenses $80M $103M $119M $213M $206M
EBT. Incl. Unusual Items -$868M $510M $560M $449M $597M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $23M $92M $93M $94M $127M
Net Income to Company -$891M $418M $467M $355M $470M
 
Minority Interest in Earnings $9M $10M $11M $12M $12M
Net Income to Common Excl Extra Items -$891M $418M $467M $355M $470M
 
Basic EPS (Cont. Ops) -$3.99 $1.93 $2.25 $1.58 $2.12
Diluted EPS (Cont. Ops) -$3.99 $1.92 $2.23 $1.57 $2.11
Weighted Average Basic Share $225.4M $210.9M $202.9M $217.4M $215.7M
Weighted Average Diluted Share $225.4M $212.6M $204.6M $218.4M $216.7M
 
EBITDA -$728M $632M $746M $915M $1.1B
EBIT -$820M $561M $684M $694M $848M
 
Revenue (Reported) $2.7B $2.7B $2.9B $3.7B $4B
Operating Income (Reported) -$820M $561M $684M $694M $848M
Operating Income (Adjusted) -$820M $561M $684M $694M $848M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $12.1B $12.4B $13.2B $15B $17.1B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1.1B $1.1B $1.1B $1.4B $1.9B
Gross Profit $10.9B $11.3B $12.1B $13.6B $15.3B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) -$21M $223M -$59M -$106M --
Operating Expenses $9.1B $7.7B $8B $9.6B $10.6B
Operating Income $1.8B $3.7B $4.1B $4.1B $4.6B
 
Net Interest Expenses $319M $381M $470M $706M $832M
EBT. Incl. Unusual Items $1.5B $3.5B $3.3B $3.2B $3.4B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $552M $630M $482M $687M $661M
Net Income to Company $969M $2.9B $2.8B $2.5B $2.8B
 
Minority Interest in Earnings $53M $58M $64M $57M $62M
Net Income to Common Excl Extra Items $969M $2.9B $2.8B $2.5B $2.8B
 
Basic EPS (Cont. Ops) $3.98 $12.97 $13.24 $11.91 $12.57
Diluted EPS (Cont. Ops) $3.94 $12.88 $13.15 $11.84 $12.49
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $2.2B $3.9B $4.3B $4.6B $5.6B
EBIT $1.8B $3.7B $4.1B $4.1B $4.6B
 
Revenue (Reported) $12.1B $12.4B $13.2B $15B $17.1B
Operating Income (Reported) $1.8B $3.7B $4.1B $4.1B $4.6B
Operating Income (Adjusted) $1.8B $3.7B $4.1B $4.1B $4.6B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $9.1B $9.3B $10B $11.6B $13B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $860M $789M $809M $1.1B $1.4B
Gross Profit $8.2B $8.5B $9.2B $10.5B $11.6B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) -$12M $80M -$33M $61M -$114M
Operating Expenses $7.1B $5.8B $6.2B $7.4B $8.1B
Operating Income $1.1B $2.7B $3B $3.1B $3.5B
 
Net Interest Expenses $237M $296M $360M $582M $625M
EBT. Incl. Unusual Items $895M $2.4B $2.6B $2.6B $2.6B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $460M $467M $439M $585M $504M
Net Income to Company $435M $2B $2.1B $2B $2B
 
Minority Interest in Earnings $43M $48M $55M $48M $44M
Net Income to Common Excl Extra Items $435M $2B $2.1B $2B $2B
 
Basic EPS (Cont. Ops) $1.70 $9.03 $10.08 $9.42 $9.26
Diluted EPS (Cont. Ops) $1.67 $8.98 $10.01 $9.38 $9.21
Weighted Average Basic Share $679.5M $639.5M $613.7M $629M $648.3M
Weighted Average Diluted Share $681.5M $643.7M $618M $631.8M $651.9M
 
EBITDA $1.3B $2.9B $3.2B $3.6B $4.2B
EBIT $1.1B $2.7B $3B $3.1B $3.5B
 
Revenue (Reported) $9.1B $9.3B $10B $11.6B $13B
Operating Income (Reported) $1.1B $2.7B $3B $3.1B $3.5B
Operating Income (Adjusted) $1.1B $2.7B $3B $3.1B $3.5B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $1.2B $836M $1.1B $1.1B $1.3B
Short Term Investments $308M $292M $452M $369M $10.5B
Accounts Receivable, Net $3.1B $3.1B $3B $3.3B $3.8B
Inventory -- -- -- -- --
Prepaid Expenses $111M $137M $109M $100M $135M
Other Current Assets $79M $165M $108M $137M $156M
Total Current Assets $18.7B $19B $20.7B $21.7B $23.4B
 
Property Plant And Equipment $1.6B $1.4B $1.3B $1.3B $1.4B
Long-Term Investments $74M $64M $60M $45M $90M
Goodwill $8.7B $8.4B $8.3B $8.4B $15.2B
Other Intangibles $640M $492M $447M $234M $6.7B
Other Long-Term Assets $138M $111M $112M $140M $602M
Total Assets $32.1B $31.9B $32.7B $34B $49B
 
Accounts Payable $2B $2.2B $2.1B $2.3B $2.9B
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt $448M $1.2B $945M $1.2B $751M
Current Portion Of Capital Lease Obligations $234M $213M $186M $182M $191M
Other Current Liabilities $14.4B $15B $16.6B $17.4B $18.6B
Total Current Liabilities $17.4B $19.1B $20.3B $21.7B $23B
 
Long-Term Debt $8.2B $9B $10.5B $10.6B $17B
Capital Leases -- -- -- -- --
Total Liabilities $28.5B $30.8B $33.1B $34.7B $42.5B
 
Common Stock $2M $2M $2M $2M $2M
Other Common Equity Adj -$3.9B -$3.9B -$4.6B -$4.4B -$4.7B
Common Equity $3.5B $1.1B -$529M -$826M $6.1B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $88M $97M $100M $84M $309M
Total Equity $3.6B $1.2B -$429M -$742M $6.4B
 
Total Liabilities and Equity $32.1B $31.9B $32.7B $34B $49B
Cash and Short Terms $1.2B $836M $1.1B $1.1B $1.3B
Total Debt $8.7B $10.4B $11.5B $11.3B $17.7B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $919M $943M $983M $1.3B $1.3B
Short Term Investments $310M -- $7.4B $196M --
Accounts Receivable, Net $3.1B $3B $3.3B $4B --
Inventory -- -- -- -- --
Prepaid Expenses $146M $123M $147M $172M --
Other Current Assets $95M $120M $141M $203M --
Total Current Assets $18.7B $19.2B $21.1B $23.7B $26.6B
 
Property Plant And Equipment $1.4B $1.2B $1.3B $1.4B $1.4B
Long-Term Investments $65M $62M $45M $87M $163M
Goodwill $8.5B $8B $8.2B $15.6B --
Other Intangibles $529M $456M $252M $6.8B --
Other Long-Term Assets $119M $101M $134M $194M --
Total Assets $31.8B $31.2B $33.1B $49.9B $51.6B
 
Accounts Payable $2B $1.8B $1.7B $2.6B --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- $711M $1.3B -- --
Current Portion Of Capital Lease Obligations $217M $180M $181M $199M --
Other Current Liabilities $14.8B $15.5B $17B $18.8B --
Total Current Liabilities $17.5B $18.7B $20.7B $22.1B $25.1B
 
Long-Term Debt $9.1B $10.8B $10.6B $17.8B $15.7B
Capital Leases -- -- -- -- --
Total Liabilities $29.5B $31.9B $33.6B $43.3B $43.4B
 
Common Stock $2M $2M $2M $2M $2M
Other Common Equity Adj -$3.9B -$4.9B -$4.6B -$4.1B --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $90M $113M $100M $309M $260M
Total Equity $2.3B -$670M -$486M $6.6B $8.2B
 
Total Liabilities and Equity $31.8B $31.2B $33.1B $49.9B $51.6B
Cash and Short Terms $919M $943M $983M $1.3B $1.3B
Total Debt $9.5B $11.7B $11.8B $18B $17.2B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $2B $1.3B $2.6B $2.6B $2.7B
Depreciation & Amoritzation $413M $326M $264M $256M $686M
Stock-Based Compensation $312M $449M $397M $438M $474M
Change in Accounts Receivable -$1B -$119M -$96M -$188M -$312M
Change in Inventories -- -- -- -- --
Cash From Operations $2.8B $2.2B $3.2B $3.4B $3B
 
Capital Expenditures $141M $137M $196M $252M $218M
Cash Acquisitions $368M $14M $162M $35M $3.5B
Cash From Investing -$679M $49M -$449M -$188M -$2.8B
 
Dividends Paid (Ex Special Dividend) $412M $447M $463M $489M $562M
Special Dividend Paid
Long-Term Debt Issued $4.2B $1.5B $2B $744M $7.9B
Long-Term Debt Repaid -$3.9B -$413M -$500M -$350M -$4.9B
Repurchase of Common Stock $1.8B $3.5B $3.2B $2.7B $1B
Other Financing Activities $281M $258M $416M -$115M -$128M
Cash From Financing -$2.1B -$1.9B -$1.8B -$2.9B $796M
 
Beginning Cash (CF) $884M $544M $690M $778M $1.1B
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $94M $72M $431M $646M $611M
Ending Cash (CF) $1.1B $381M $572M $1.7B $1.3B
 
Levered Free Cash Flow $2.6B $2B $3B $3.2B $2.8B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$891M $418M $467M $355M $470M
Depreciation & Amoritzation $92M $71M $62M $221M $240M
Stock-Based Compensation $130M $93M $95M $114M $106M
Change in Accounts Receivable $2.4B $528M $414M $575M $560M
Change in Inventories -- -- -- -- --
Cash From Operations -$94M $1B $1B $1B $1.1B
 
Capital Expenditures $32M $58M $58M $62M $69M
Cash Acquisitions $3M $11M $10M $231M $133M
Cash From Investing -$89M -$84M -$76M $29M -$94M
 
Dividends Paid (Ex Special Dividend) $116M $118M $125M $147M $160M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $986M $496M -- -- --
Long-Term Debt Repaid -$13M -- -- -$550M --
Repurchase of Common Stock $1.3B $1.2B $850M $300M $250M
Other Financing Activities $367M $513M -$160M $264M --
Cash From Financing -$258M -$302M -$1.2B -$699M -$768M
 
Beginning Cash (CF) $609M $692M $808M $1.1B $1.1B
Foreign Exchange Rate Adjustment -$41M -$656M -$260M $379M -$90M
Additions / Reductions -$482M $4M -$455M $722M $196M
Ending Cash (CF) $86M $40M $93M $2.2B $1.2B
 
Levered Free Cash Flow -$126M $988M $985M $951M $1.1B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $969M $2.9B $2.8B $2.5B $2.8B
Depreciation & Amoritzation $334M $278M $251M $521M $965M
Stock-Based Compensation $451M $407M $414M $478M $485M
Change in Accounts Receivable $106M -$545M -$240M -$282M -$270M
Change in Inventories -- -- -- -- --
Cash From Operations $2B $3.1B $3.2B $3.1B $3.3B
 
Capital Expenditures $124M $161M $273M $212M $244M
Cash Acquisitions $3M $165M $26M $3B $771M
Cash From Investing $20M -$44M -$188M -$2.5B -$939M
 
Dividends Paid (Ex Special Dividend) $440M $459M $482M $539M $614M
Special Dividend Paid
Long-Term Debt Issued $999M $2.5B $744M $7.9B --
Long-Term Debt Repaid -$438M -- -- -- --
Repurchase of Common Stock $2.3B $4.5B $2.6B $1.6B $950M
Other Financing Activities $981M $534M $53M -$434M --
Cash From Financing -$2.3B -$883M -$2.7B -$99M -$1.9B
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$212M $897M $849M $999M $477M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $1.9B $2.9B $2.9B $2.9B $3B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $435M $2B $2.1B $2B $2B
Depreciation & Amoritzation $250M $202M $189M $454M $733M
Stock-Based Compensation $346M $304M $321M $361M $372M
Change in Accounts Receivable $280M -$146M -$290M -$384M -$342M
Change in Inventories -- -- -- -- --
Cash From Operations $1.3B $2.2B $2.2B $1.8B $2.1B
 
Capital Expenditures $102M $126M $203M $163M $189M
Cash Acquisitions $3M $154M $18M $3B $276M
Cash From Investing -$116M -$209M $52M -$2.3B -$362M
 
Dividends Paid (Ex Special Dividend) $335M $347M $366M $416M $468M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $999M $2B $744M $7.9B --
Long-Term Debt Repaid -$413M -- -- -$4.9B -$300M
Repurchase of Common Stock $1.5B $2.5B $2B $800M $750M
Other Financing Activities $669M $945M $582M $263M $222M
Cash From Financing -$1.4B -$339M -$1.2B $1.6B -$1.1B
 
Beginning Cash (CF) $2.5B $2B $2.9B $3.1B $3.1B
Foreign Exchange Rate Adjustment -$30M -$1.1B -$57M $177M $606M
Additions / Reductions -$275M $550M $968M $1.3B $1.2B
Ending Cash (CF) $2.2B $1.5B $3.8B $4.6B $4.9B
 
Levered Free Cash Flow $1.1B $2.1B $2B $1.7B $1.9B

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