AON (NYSE:AON) Releases Earnings Results, Beats Expectations By $0.01 EPS

Posted by on Jul 29th, 2026

AON (NYSE:AON – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.80 by $0.01, FiscalAI reports. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. AON had a return on equity of 43.50% and a net margin of 22.54%.The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $3.49 EPS.

Here are the key takeaways from AON’s conference call:

  • Broad-based second-quarter performance: Aon reported 5% organic revenue growth, 70 basis points of adjusted margin expansion to 28.9%, 9% adjusted EPS growth to $3.81, and $483 million in free cash flow. All four solution lines delivered 5% organic growth.
  • 2026 outlook reaffirmed: Management maintained its expectations for mid-single-digit or greater organic revenue growth, 70–80 basis points of margin expansion, strong adjusted earnings growth, and double-digit free-cash-flow growth.
  • Growth remains supported by consistent new business and retention, with new business contributing 10 points to second-quarter organic growth and retention in the mid-90% range. Revenue-generating headcount increased 3% year to date, while Aon continues targeting 4%–8% growth for the full year.
  • Data-center and alternative-capital opportunities are expanding: Aon increased its Data Center Lifecycle Insurance Program capacity to $5 billion and said individual facilities can now receive coverage of up to $13 billion–$15 billion. Management sees substantial additional demand for nontraditional capital from private equity, pension funds, and sovereign investors.
  • Aon returned $775 million to shareholders in the quarter, including $600 million in repurchases, and has exceeded its $1 billion full-year buyback objective after repurchasing approximately $1.1 billion in the first half. Management said additional cash could be directed to further buybacks if suitable acquisitions do not meet return thresholds.

AON Stock Performance

NYSE AON traded down $3.79 during trading hours on Wednesday, reaching $377.47. The company’s stock had a trading volume of 637,364 shares, compared to its average volume of 1,477,888. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.36. The business has a 50-day simple moving average of $338.54 and a 200 day simple moving average of $331.59. AON has a 52 week low of $304.59 and a 52 week high of $382.34. The stock has a market cap of $80.62 billion, a PE ratio of 20.72, a PEG ratio of 1.92 and a beta of 0.71.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. AON’s dividend payout ratio (DPR) is currently 18.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AON shares. Keefe, Bruyette & Woods dropped their price objective on shares of AON from $404.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Cantor Fitzgerald upped their target price on shares of AON from $416.00 to $445.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Mizuho lifted their price target on shares of AON from $389.00 to $426.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. UBS Group boosted their price objective on shares of AON from $360.00 to $383.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Piper Sandler downgraded AON from an “overweight” rating to a “neutral” rating and raised their target price for the company from $355.00 to $377.00 in a research note on Wednesday, July 15th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $404.56.

Get Our Latest Research Report on AON

Key AON News

Here are the key news stories impacting AON this week:

  • Positive Sentiment: Aon reported second-quarter adjusted EPS of $3.81, above consensus estimates of $3.77-$3.80 and up from $3.49 a year earlier. The company also highlighted 5% organic revenue growth and operating-margin expansion. Aon Reports Second-Quarter 2026 Results
  • Positive Sentiment: Management reported total revenue growth of approximately 2% for the quarter, with revenue up 2.2% year over year. Stronger organic growth and margin expansion support the company’s profitability outlook. Aon Q2 Key Metrics
  • Positive Sentiment: Aon launched an AI Risk Diagnostic designed to help organizations identify and manage risks associated with artificial intelligence, potentially expanding its advisory opportunity in a growing market. Aon Launches AI Risk Diagnostic
  • Neutral Sentiment: The company declared a quarterly dividend of $0.82 per share, equivalent to a $3.28 annualized payout and an indicated yield of roughly 0.9%. Aon Dividend Information
  • Negative Sentiment: Quarterly revenue of $4.25 billion missed analyst expectations of $4.28 billion. The relatively limited 2.2% reported growth may have overshadowed the EPS beat and contributed to the weaker stock performance. Aon Q2 Earnings Beat Estimates
  • Negative Sentiment: General Counsel Darren Zeidel sold 1,950 shares valued at approximately $725,000, reducing his ownership by 12.7%. The transaction occurred earlier in July and may be viewed as a modest insider-confidence signal, although it is not necessarily indicative of the company’s fundamentals. Aon Insider Sale

Insider Buying and Selling at AON

In related news, General Counsel Darren Zeidel sold 1,950 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $372.05, for a total value of $725,497.50. Following the sale, the general counsel owned 13,404 shares of the company’s stock, valued at approximately $4,986,958.20. This trade represents a 12.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AON

Several large investors have recently added to or reduced their stakes in AON. NewEdge Advisors LLC boosted its position in shares of AON by 28.4% during the second quarter. NewEdge Advisors LLC now owns 14,704 shares of the financial services provider’s stock worth $5,246,000 after buying an additional 3,253 shares during the period. Treasurer of the State of North Carolina increased its position in AON by 9.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 98,084 shares of the financial services provider’s stock valued at $34,992,000 after acquiring an additional 8,216 shares during the period. Alliancebernstein L.P. boosted its position in AON by 35.2% during the 2nd quarter. Alliancebernstein L.P. now owns 292,210 shares of the financial services provider’s stock worth $104,249,000 after acquiring an additional 76,061 shares during the period. Diversify Advisory Services LLC grew its stake in shares of AON by 27.1% in the second quarter. Diversify Advisory Services LLC now owns 2,734 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 583 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of AON by 46.1% during the second quarter. Quantinno Capital Management LP now owns 40,044 shares of the financial services provider’s stock valued at $14,286,000 after purchasing an additional 12,631 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

About AON

(Get Free Report)

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.

Featured Stories

Earnings History for AON (NYSE:AON)

Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter.