AON

Aon Plc Financials Insurance Agents, Brokers & Service S&P 500Russell 3000
$321.67Close $69.0BMarket cap $269.45 – $380.3952-week range Jan 27, 2027Next report · estimated

Highlights

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 34 · weaker than 66% of stocks over 12 months

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 28, 2026
Off 12-month high 15%
1wk up 6.0% price change
1mo up 16.2% price change
12-month return down 2% market up 11% · its own down 12%
F-score — — Not assessed
Altman Z″ 1.13 Moderate risk
P/E 18.7× price / earnings
PEG 0.51 P/E / EPS growth
P/B 7.4× price / book
Earnings yield — EBIT / enterprise value
Cheaper than 52% of the market · around average
Revenue growth up 9% year on year
EPS growth up 6% latest quarter · +9 pts
Sales growth up 3% latest quarter · +0 pts
ROE up 48% return on equity
Free cash margin —
D/E 1.57 long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Long-term debt down 10% ($16.3B → $14.7B)

Trade setup

ATR% 2.4% $7.79 a day · 2×ATR $306.09
RS 34 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 1.0× vs 50-day average
Up/down volume 0.86 50 sessions
Implied move — no scheduled report
Trend template · 2 of 8
  • Price above the 50-day average: passes
  • Within 25% of the 52-week high: passes

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • No material dilution
  • Margins and revenue not shrinking
Last reported Oct 28, 2026
Results reaction Oct 28, 2026+6% vs market2 sessions after results
Options $1.1M27.8% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $17.2B +9% on FY2024
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $11.1B FY2021 · $12.2B FY2022 · $12.5B FY2023 · $13.4B FY2024 · $15.7B FY2025 · $17.2B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $3.7B +39% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.0B FY2021 · $1.3B FY2022 · $2.6B FY2023 · $2.6B FY2024 · $2.7B FY2025 · $3.7B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 22%
0% 25% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 18% FY2021 · Net 10% FY2022 · Net 21% FY2023 · Net 19% FY2024 · Net 17% FY2025 · Net 22%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $884.0M · Long-term debt $7.3B FY2021 · Cash $544.0M · Long-term debt $8.2B FY2022 · Cash $690.0M · Long-term debt $9.8B FY2023 · Cash $778.0M · Long-term debt $10.0B FY2024 · Cash $1.1B · Long-term debt $16.3B FY2025 · Cash $1.2B · Long-term debt $14.7B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 214.50m -4.9% since FY2020
225.50m 198.60m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 225.50m FY2021 · 214.80m FY2022 · 205.40m FY2023 · 198.60m FY2024 · 216m FY2025 · 214.50m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $11.1B $12.2B $12.5B $13.4B $15.7B $17.2B
Operating income $2.8B $2.1B $3.7B $3.8B $3.8B $4.3B
Net income $2.0B $1.3B $2.6B $2.6B $2.7B $3.7B
Net margin 18% 10% 21% 19% 17% 22%
Earnings per share $8.45 $5.55 $12.14 $12.51 $12.49 $17.02
Cash $884.0M $544.0M $690.0M $778.0M $1.1B $1.2B
Long-term debt $7.3B $8.2B $9.8B $10.0B $16.3B $14.7B
Shareholders' equity $3.5B $1.1B -$529.0M -$826.0M $6.1B $9.4B
Shares outstanding 225.50m 214.80m 205.40m 198.60m 216m 214.50m

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$304 – $340 ±5.5% by Nov 20, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
About the same 27.8% priced · 29.0% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Choppier
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs less
Positioning
Premium traded
$1.1M calls $760,528 · puts $319,430 · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.42× +0.28 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls +230 · puts +505 past week

For options traders: ATM IV 27.8% (-4.1% 1w) · 1m ÷ 3m IV 1.04 · 25Δ skew -0.6 pts · Net GEX $2.2M

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 28, 2026 Quarterly ↗ Sep 30, 2026 28d
Jul 29, 2026 Quarterly ↗ Jun 30, 2026 29d
May 1, 2026 Quarterly ↗ Mar 31, 2026 31d
Feb 13, 2026 Annual ↗ Dec 31, 2025 44d
Oct 31, 2025 Quarterly ↗ Sep 30, 2025 31d
Jul 25, 2025 Quarterly ↗ Jun 30, 2025 25d
Apr 25, 2025 Quarterly ↗ Mar 31, 2025 25d
Feb 18, 2025 Annual ↗ Dec 31, 2024 49d
Oct 25, 2024 Quarterly ↗ Sep 30, 2024 25d
Jul 26, 2024 Quarterly ↗ Jun 30, 2024 26d
Apr 26, 2024 Quarterly ↗ Mar 31, 2024 26d
Feb 16, 2024 Annual ↗ Dec 31, 2023 47d

Current reports