Aon reported 6% organic revenue growth, 20% adjusted operating margin and 10% adjusted EPS growth; it expects to close the USI acquisition in the fourth quarter of 2026, targeting $395 million of EBITDA run-rate synergies.
AON · Aon plc
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
Aon plc reported third-quarter 2026 revenue growth of 3%, 6% organic revenue growth and diluted earnings per share of $2.23. The USI acquisition, expected to close in the fourth quarter of 2026, has an estimated purchase price of approximately $17 billion in cash.
Aon reported third-quarter results: revenue increased 3% to $4.1 billion, diluted EPS increased 6% to $2.23 and adjusted EPS increased 10% to $3.36. The USI Acquisition is expected to close in the fourth quarter of 2026, with debt repayment prioritized.
Aon plc entered $4,000,000,000 of unsecured delayed draw term loans on September 18, 2026 to fund the USI Acquisition and related fees and expenses. It also replaced two $1,000,000,000 revolving credit facilities with a $3,000,000,000 unsecured revolving credit facility.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;DR. Aon delivered 6% organic revenue growth, 70 bps of adjusted margin expansion, 10% adjusted EPS growth and higher free cash flow. It expects the USI acquisition to close in Q4 with $395 million of synergies and a middle-market expansion opportunity, while GAAP operating income declined, divestitures reduced reported growth, expenses and the adjusted tax rate increased, transaction costs were incurred, and long-term debt rose.
- + Q3 total revenue increased 3%, organic revenue grew 6%, and management entered Q4 with confidence in full-year performance. new
- + Organic growth was broad-based, with Commercial Risk and Reinsurance each growing 7%, Health growing 6% and Wealth growing 4%. new
- + Q3 free cash flow increased 2% to $1,097 million and first-nine-month free cash flow increased 3% to $1,943 million. new
- − GAAP operating income decreased 1% and operating margin contracted 70 bps to 19.7%. new
- − A 3% unfavorable impact, primarily from divestitures, reduced reported revenue growth, while Human Capital revenue decreased 4%. new
- − Total operating expenses increased 3%, and Accelerating Aon United Program expense increased $61 million, or 191%, due primarily to workforce-optimization costs. new
- − Aon incurred $25 million of USI transaction costs, contributing to an 8% increase in other general expense. new
- − The adjusted effective tax rate increased to 20.2% from 19.2% in the prior-year period. new
- − Long-term debt rose to $26,319 million from $14,660 million, and Aon identifies its debt level as a risk of reduced flexibility or higher borrowing costs. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Insurance Brokers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AON
this stock
Aon plc
|
$71.03B | -5.1% | +7.7% | 18.3 | 1.6% |
|
MRSH
Marsh & Mclennan Companies, Inc.
|
$97.39B | +10.4% | +10.3% | 24.5 | 1.4% |
|
AJG
Arthur J. Gallagher & Co.
|
$72.20B | +8.8% | +10.1% | 43.1 | 2.8% |
|
WTW
Willis Towers Watson PLC
|
$30.33B | +0.1% | -2.2% | 20.2 | 2.4% |
|
BRO
Brown & Brown, Inc.
|
$24.13B | -9.5% | +22.8% | 20.0 | 4.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 28, 2026
- This year
- 23
Aon reported third-quarter results: revenue increased 3% to $4.1 billion, diluted EPS increased 6% to $2.23 and adjusted EPS increased 10% to $3.36. The USI Acquisition is expected to close in the fourth quarter of 2026, with debt repayment prioritized.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AON | +4.1% | +22.4% | +2.5% | +4.1% | -5.1% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | +6.8% | +28.0% | +3.0% | +6.8% | -13.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.