Aon reports Q4 adjusted EPS $4.85, up 10% YoY; 2026 guidance calls for margin expansion and double-digit FCF growth

Aon plc

2025-FY EPS reported $17.02 revenue$17,181,000,000

Q4 total revenue $4.3B (+4% YoY); full-year revenue $17.2B (+9%).
Adjusted EPS Q4 $4.85 (+10% YoY); full-year $17.07 (+9%).
Adjusted operating margin Q4 35.5% (up 220 bps); full-year 32.4% (up 90 bps).
Free cash flow full-year $3.22B (+14%); paid down $1.9B debt in 2025.
2026 guidance: mid-single-digit+ organic growth, 70-80bps margin expansion, double-digit FCF growth.

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