Aon
Financial Performance
Aon Revenue & Financials
Revenue
$13.8B (FY2024)
Market Cap
$77B
Net Income
$2.6B
Employees
50,000
What is Aon's revenue?
Aon had $13.8B in revenue for fiscal year 2024, up 2.9% from 2023. Net income was $2.6B.
- Latest revenue
- $13.8B (FY2024)
- Year-over-year
- +2.9%
- Growth rate (CAGR)
- 4.4% over 9 years
- Peak revenue
- $13.8B (FY2024)
- Years of data
- 10
- Employees
- 50,000
- How much profit does Aon make?
- Aon reported net income of $2.6B for fiscal year 2024.
- How many employees does Aon have?
- Aon has about 50,000 employees.
Financial Analysis
Aon's financial engine is celebrated across global equity markets for its extraordinary cash conversion and compounding shareholder returns. In fiscal year 2024, Aon reported consolidated revenue of $13.40 billion and operating income exceeding $4.0 billion, delivering underlying organic revenue growth of 6% and adjusted operating margins of 30.2%. Because its brokerage revenues are linked to total commercial insurance and reinsurance premiums, Aon benefits directly from 'hardening' insurance rate cycles without bearing catastrophe loss payouts. The company generated over $3.2 billion in free cash flow in 2024, deploying capital toward disciplined share repurchases, unbroken annual dividend increases for over a decade, and funding its landmark $13.0 billion acquisition of NFP.
Revenue Trend Analysis
YoY Change
+2.9%
9-Year CAGR
+4.4%
Peak Year
2024
Trend
Consistent Growth
Aon has 10 full fiscal year figures on this page, compounding at +4.4% annually over 9 years. The most recent year saw a 2.9% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $13.8B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $13.8B | $2.6B | +2.9% |
| FY2023 | $13.4B | $2.6B | +7.5% |
| FY2022 | $12.5B | $2.6B | +2.3% |
| FY2021 | $12.2B | $1.3B | +10.4% |
| FY2020 | $11B | $2B | +0.2% |
| FY2019 | $11B | $1.5B | +2.3% |
| FY2018 | $10.8B | $1.1B | +7.7% |
| FY2017 | $10B | $1.2B | +6.3% |
| FY2016 | $9.4B | $1.4B | +0.3% |
| FY2015 | $9.4B | $1.4B | — |
Click any row to see year details.
Keep researching Aon
Aon Revenue and Financial FAQ
What was Aon's total revenue in FY2024?
In fiscal year 2024, Aon generated $13.80 billion in total revenue, representing a 2.9% increase over $13.41 billion in FY2023, driven by organic growth across Commercial Risk and Reinsurance as well as initial contributions from the NFP acquisition.
What is Aon's net income and profit margin?
Aon generated $2.60 billion in net income in FY2024, achieving a net profit margin of approximately 18.8%. Over the past decade, Aon has consistently delivered high operating margins ranging from 18% to 21% thanks to its asset-light, commission-based business architecture.
How did the NFP acquisition impact Aon's balance sheet?
The $13.4 billion acquisition of NFP in mid-2024 increased Aon's total assets from $33.96 billion in 2023 to $48.97 billion in 2024. The transaction was funded through a combination of $7.0 billion in cash financed by debt issuance and approximately 19 million shares of Aon common stock.
How does Aon generate over $3.2 billion in annual free cash flow?
With minimal capital expenditure requirements, high client retention (93%+), and rising commercial premium rates, Aon converts more than 80% of its operating profit directly into free cash flow.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Aon Revenue & Financials." CorpDigest, https://corpdigest.com/company/aon/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Aon reported $13.8B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/aon/financials" target="_blank" rel="noopener">CorpDigest — Aon financials</a></div>Related Financial Audits
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