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AON Quote, Financials, Valuation and Earnings

Last price:
$324.23
Seasonality move :
4.87%
Day range:
$320.91 - $324.31
52-week range:
$304.59 - $412.97
Dividend yield:
0.92%
P/E ratio:
19.05x
P/S ratio:
4.07x
P/B ratio:
7.43x
Volume:
1M
Avg. volume:
1.6M
1-year change:
-17.87%
Market cap:
$69.5B
Revenue:
$17.3B
EPS (TTM):
$17.03
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Revenue $12.1B $12.5B $13.4B $15.7B $17.3B
Revenue Growth (YoY) 9.91% 2.75% 7.35% 17.51% 9.79%
 
Cost of Revenues $1.1B $1.1B $1.1B $1.6B $1.9B
Gross Profit $11B $11.4B $12.3B $14.2B $15.4B
Gross Profit Margin 90.7% 91.49% 91.91% 90.16% 89.18%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $131M $54M -$200M $91M --
Operating Expenses $9B $7.7B $8.2B $9.9B $10.6B
Operating Income $2B $3.7B $4.1B $4.3B $4.8B
 
Net Interest Expenses $322M $406M $484M $789M $816M
EBT. Incl. Unusual Items $1.9B $3.2B $3.2B $3.5B $4.8B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $623M $510M $541M $742M $1B
Net Income to Company $1.3B $2.6B $2.6B $2.7B $3.8B
 
Minority Interest in Earnings $53M $57M $64M $66M $55M
Net Income to Common Excl Extra Items $1.3B $2.6B $2.6B $2.7B $3.8B
 
Basic EPS (Cont. Ops) $5.59 $12.23 $12.60 $12.55 $17.11
Diluted EPS (Cont. Ops) $5.55 $12.14 $12.51 $12.49 $17.02
Weighted Average Basic Share $224.7M $211.7M $203.5M $211.4M $215.9M
Weighted Average Diluted Share $226.1M $213.2M $205M $212.5M $217.1M
 
EBITDA $2.4B $4B $4.4B $5B $5.8B
EBIT $2B $3.7B $4.1B $4.3B $4.8B
 
Revenue (Reported) $12.1B $12.5B $13.4B $15.7B $17.3B
Operating Income (Reported) $2B $3.7B $4.1B $4.3B $4.8B
Operating Income (Adjusted) $2B $3.7B $4.1B $4.3B $4.8B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Revenue $3.1B $3.2B $3.4B $4.1B $4.3B
Revenue Growth (YoY) 2.64% 2.77% 7.33% 21.93% 4.22%
 
Cost of Revenues $270M $273M $275M $458M $474M
Gross Profit $2.8B $2.9B $3.1B $3.7B $3.8B
Gross Profit Margin 91.2% 91.34% 91.87% 88.9% 88.97%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $143M -$26M -$167M $30M --
Operating Expenses $1.8B $1.8B $2.2B $2.5B $2.5B
Operating Income $961M $1B $916M $1.1B $1.3B
 
Net Interest Expenses $85M $110M $124M $207M $191M
EBT. Incl. Unusual Items $1B $709M $609M $891M $2.2B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $163M $43M $102M $157M $505M
Net Income to Company $873M $666M $507M $734M $1.7B
 
Minority Interest in Earnings $10M $9M $9M $18M $11M
Net Income to Common Excl Extra Items $873M $666M $507M $734M $1.7B
 
Basic EPS (Cont. Ops) $3.94 $3.17 $2.49 $3.31 $7.87
Diluted EPS (Cont. Ops) $3.90 $3.14 $2.47 $3.28 $7.82
Weighted Average Basic Share $219.3M $207.5M $200.3M $216.6M $215.1M
Weighted Average Diluted Share $221.2M $209.3M $202M $218.3M $216.5M
 
EBITDA $1B $1.1B $983M $1.4B $1.6B
EBIT $961M $1B $916M $1.1B $1.3B
 
Revenue (Reported) $3.1B $3.2B $3.4B $4.1B $4.3B
Operating Income (Reported) $961M $1B $916M $1.1B $1.3B
Operating Income (Adjusted) $961M $1B $916M $1.1B $1.3B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Revenue $12.1B $12.5B $13.4B $15.7B $17.3B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1.1B $1.1B $1.1B $1.6B $1.9B
Gross Profit $11B $11.4B $12.3B $14.2B $15.4B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $131M $54M -$200M $91M --
Operating Expenses $9B $7.7B $8.4B $9.9B $10.6B
Operating Income $2B $3.7B $3.9B $4.3B $4.8B
 
Net Interest Expenses $322M $406M $484M $789M $816M
EBT. Incl. Unusual Items $1.9B $3.2B $3.2B $3.5B $4.8B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $623M $510M $541M $742M $1B
Net Income to Company $1.3B $2.6B $2.6B $2.7B $3.8B
 
Minority Interest in Earnings $53M $57M $64M $66M $55M
Net Income to Common Excl Extra Items $1.3B $2.6B $2.6B $2.7B $3.8B
 
Basic EPS (Cont. Ops) $5.63 $12.20 $12.56 $12.73 $17.13
Diluted EPS (Cont. Ops) $5.57 $12.12 $12.48 $12.66 $17.03
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $2.4B $4B $4.2B $5B $5.8B
EBIT $2B $3.7B $3.9B $4.3B $4.8B
 
Revenue (Reported) $12.1B $12.5B $13.4B $15.7B $17.3B
Operating Income (Reported) $2B $3.7B $3.9B $4.3B $4.8B
Operating Income (Adjusted) $2B $3.7B $3.9B $4.3B $4.8B
Period Ending 2022-12-31 2023-12-31 2024-12-31 2025-12-31 2026-12-31
Revenue $12.5B $13.4B $15.7B $17.3B --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1.1B $1.1B $1.6B $1.9B --
Gross Profit $11.4B $12.3B $14.2B $15.4B --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $54M -$200M $91M -$114M --
Operating Expenses $7.7B $8.4B $9.9B $10.6B --
Operating Income $3.7B $3.9B $4.3B $4.8B --
 
Net Interest Expenses $406M $484M $789M $816M --
EBT. Incl. Unusual Items $3.2B $3.2B $3.5B $4.8B --
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $510M $541M $742M $1B --
Net Income to Company $2.6B $2.6B $2.7B $3.8B --
 
Minority Interest in Earnings $57M $64M $66M $55M --
Net Income to Common Excl Extra Items $2.6B $2.6B $2.7B $3.8B --
 
Basic EPS (Cont. Ops) $12.20 $12.56 $12.73 $17.13 --
Diluted EPS (Cont. Ops) $12.12 $12.48 $12.66 $17.03 --
Weighted Average Basic Share $847M $814M $845.6M $863.4M --
Weighted Average Diluted Share $853M $820M $850.1M $868.4M --
 
EBITDA $4B $4.2B $5B $5.8B --
EBIT $3.7B $3.9B $4.3B $4.8B --
 
Revenue (Reported) $12.5B $13.4B $15.7B $17.3B --
Operating Income (Reported) $3.7B $3.9B $4.3B $4.8B --
Operating Income (Adjusted) $3.7B $3.9B $4.3B $4.8B --
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Cash and Equivalents $836M $1.1B $1.1B $1.3B $2.8B
Short Term Investments $292M $452M $369M $10.5B --
Accounts Receivable, Net $3.1B $3B $3.3B $3.8B --
Inventory -- -- -- -- --
Prepaid Expenses $137M $109M $100M $135M --
Other Current Assets $165M $108M $137M $156M --
Total Current Assets $19B $20.7B $21.7B $23.4B $25.8B
 
Property Plant And Equipment $1.4B $1.3B $1.3B $1.4B $1.4B
Long-Term Investments $64M $60M $45M $90M $192M
Goodwill $8.4B $8.3B $8.4B $15.2B --
Other Intangibles $492M $447M $234M $6.7B --
Other Long-Term Assets $111M $112M $140M $602M --
Total Assets $31.9B $32.7B $34B $49B $50.8B
 
Accounts Payable $2.2B $2.1B $2.3B $2.9B --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt $1.2B $945M $1.2B $751M --
Current Portion Of Capital Lease Obligations $213M $186M $182M $191M --
Other Current Liabilities $15B $16.6B $17.4B $18.6B --
Total Current Liabilities $19.1B $20.3B $21.7B $23B $23.2B
 
Long-Term Debt $9B $10.5B $10.6B $17B $15.3B
Capital Leases -- -- -- -- --
Total Liabilities $30.8B $33.1B $34.7B $42.5B $41.2B
 
Common Stock $2M $2M $2M $2M $2M
Other Common Equity Adj -$3.9B -$4.6B -$4.4B -$4.7B --
Common Equity $1.1B -$529M -$826M $6.1B $9.4B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $97M $100M $84M $309M $196M
Total Equity $1.2B -$429M -$742M $6.4B $9.5B
 
Total Liabilities and Equity $31.9B $32.7B $34B $49B $50.8B
Cash and Short Terms $836M $1.1B $1.1B $1.3B $2.8B
Total Debt $10.4B $11.5B $11.3B $17.7B $15.9B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Cash and Equivalents $836M $1.1B $1.1B $1.3B $2.8B
Short Term Investments $292M $452M $369M $10.5B --
Accounts Receivable, Net $3.1B $3B $3.3B $3.8B --
Inventory -- -- -- -- --
Prepaid Expenses $137M $109M $100M $135M --
Other Current Assets $165M $108M $137M $156M --
Total Current Assets $19B $20.7B $21.7B $23.4B $25.8B
 
Property Plant And Equipment $1.4B $1.3B $1.3B $1.4B $1.4B
Long-Term Investments $64M $60M $45M $90M $192M
Goodwill $8.4B $8.3B $8.4B $15.2B --
Other Intangibles $492M $447M $234M $6.7B --
Other Long-Term Assets $111M $112M $140M $602M --
Total Assets $31.9B $32.7B $34B $49B $50.8B
 
Accounts Payable $2.2B $2.1B $2.3B $2.9B --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt $1.2B $945M $1.2B $751M --
Current Portion Of Capital Lease Obligations $213M $186M $182M $191M --
Other Current Liabilities $15B $16.6B $17.4B $18.6B --
Total Current Liabilities $19.1B $20.3B $21.7B $23B $23.2B
 
Long-Term Debt $9B $10.5B $10.6B $17B $15.3B
Capital Leases -- -- -- -- --
Total Liabilities $30.8B $33.1B $34.7B $42.5B $41.2B
 
Common Stock $2M $2M $2M $2M $2M
Other Common Equity Adj -$3.9B -$4.6B -$4.4B -$4.7B --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $97M $100M $84M $309M $196M
Total Equity $1.2B -$429M -$742M $6.4B $9.5B
 
Total Liabilities and Equity $31.9B $32.7B $34B $49B $50.8B
Cash and Short Terms $836M $1.1B $1.1B $1.3B $2.8B
Total Debt $10.4B $11.5B $11.3B $17.7B $15.9B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Net Income to Stockholders $1.3B $2.6B $2.6B $2.7B $3.8B
Depreciation & Amoritzation $326M $264M $256M $686M $966M
Stock-Based Compensation $449M $397M $438M $474M $432M
Change in Accounts Receivable -$119M -$96M -$188M -$312M -$257M
Change in Inventories -- -- -- -- --
Cash From Operations $2.2B $3.2B $3.4B $3B $3.5B
 
Capital Expenditures $137M $196M $252M $218M $263M
Cash Acquisitions $14M $162M $35M $3.5B $394M
Cash From Investing $49M -$449M -$188M -$2.8B $286M
 
Dividends Paid (Ex Special Dividend) $447M $463M $489M $562M $629M
Special Dividend Paid
Long-Term Debt Issued $1.5B $2B $744M $7.9B --
Long-Term Debt Repaid -$413M -$500M -$350M -$4.9B --
Repurchase of Common Stock $3.5B $3.2B $2.7B $1B $1B
Other Financing Activities $258M $416M -$115M -$128M --
Cash From Financing -$1.9B -$1.8B -$2.9B $796M -$4.2B
 
Beginning Cash (CF) $544M $690M $778M $1.1B $1.2B
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $72M $431M $646M $611M $240M
Ending Cash (CF) $381M $572M $1.7B $1.3B $2.1B
 
Levered Free Cash Flow $2B $3B $3.2B $2.8B $3.2B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Net Income to Stockholders $873M $666M $507M $734M $1.7B
Depreciation & Amoritzation $76M $62M $67M $232M $233M
Stock-Based Compensation $103M $93M $117M $113M $60M
Change in Accounts Receivable -$399M $50M $102M $72M $85M
Change in Inventories -- -- -- -- --
Cash From Operations $931M $1B $1.3B $1.2B $1.4B
 
Capital Expenditures $35M $70M $49M $55M $74M
Cash Acquisitions $11M $8M $17M $495M $118M
Cash From Investing $165M -$240M -$240M -$577M $648M
 
Dividends Paid (Ex Special Dividend) $112M $116M $123M $146M $161M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $496M -- -- -- --
Long-Term Debt Repaid -- -- -$350M -$50M --
Repurchase of Common Stock $2B $675M $750M $200M $250M
Other Financing Activities -$411M -$529M -$697M -$391M --
Cash From Financing -$544M -$1.5B -$1.7B -$769M -$3.1B
 
Beginning Cash (CF) $544M $690M $778M $1.1B $1.2B
Foreign Exchange Rate Adjustment -$205M $530M $321M -$564M $72M
Additions / Reductions $347M -$119M -$322M -$710M -$947M
Ending Cash (CF) $686M $1.1B $777M -$189M $320M
 
Levered Free Cash Flow $896M $972M $1.2B $1.1B $1.3B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Net Income to Stockholders $1.3B $2.6B $2.6B $2.7B $3.8B
Depreciation & Amoritzation $326M $264M $256M $686M $966M
Stock-Based Compensation $449M $397M $438M $474M $432M
Change in Accounts Receivable -$119M -$96M -$188M -$312M -$257M
Change in Inventories -- -- -- -- --
Cash From Operations $2.2B $3.2B $3.4B $3B $3.5B
 
Capital Expenditures $137M $196M $252M $218M $263M
Cash Acquisitions $14M $162M $35M $3.5B $394M
Cash From Investing $49M -$449M -$188M -$2.8B $286M
 
Dividends Paid (Ex Special Dividend) $447M $463M $489M $562M $629M
Special Dividend Paid
Long-Term Debt Issued $1.5B $2B $744M $7.9B --
Long-Term Debt Repaid -$413M -- -- -- --
Repurchase of Common Stock $3.5B $3.2B $2.7B $1B $1B
Other Financing Activities $258M $416M -$115M -$128M --
Cash From Financing -$1.9B -$1.8B -$2.9B $796M -$4.2B
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $72M $431M $646M $611M $240M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $2B $3B $3.2B $2.8B $3.2B
Period Ending 2022-12-31 2023-12-31 2024-12-31 2025-12-31 2026-12-31
Net Income to Stockholders $2.6B $2.6B $2.7B $3.8B --
Depreciation & Amoritzation $264M $256M $686M $966M --
Stock-Based Compensation $397M $438M $474M $432M --
Change in Accounts Receivable -$96M -$188M -$312M -$257M --
Change in Inventories -- -- -- -- --
Cash From Operations $3.2B $3.4B $3B $3.5B --
 
Capital Expenditures $196M $252M $218M $263M --
Cash Acquisitions $162M $35M $3.5B $394M --
Cash From Investing -$449M -$188M -$2.8B $286M --
 
Dividends Paid (Ex Special Dividend) $463M $489M $562M $629M --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $2B $744M $7.9B -- --
Long-Term Debt Repaid -- -$350M -$4.9B -$300M --
Repurchase of Common Stock $3.2B $2.7B $1B $1B --
Other Financing Activities $416M -$115M -$128M $222M --
Cash From Financing -$1.8B -$2.9B $796M -$4.2B --
 
Beginning Cash (CF) $2.7B $3.7B $4.2B $4.3B --
Foreign Exchange Rate Adjustment -$549M $264M -$387M $678M --
Additions / Reductions $431M $646M $611M $240M --
Ending Cash (CF) $2.6B $4.6B $4.4B $5.2B --
 
Levered Free Cash Flow $3B $3.2B $2.8B $3.2B --

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