Aon plc (AON) official guidance
Aon plc (AON) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteAONAon plcFY2026 · ends 2026-12-31
2 metrics1 new1 maintainedearnings call · 2d
2026-10-28 13:52:12 UTC19.5% – 20.5%new
Our Q3 adjusted effective tax rate was 20.2%, and we continue to expect the full year adjusted effective tax rate between 19.5%-20.5%.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-10-28 13:52:12 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
Q4 is historically a seasonally higher quarter of free cash flow growth and excluding the impact of USI related cash expenses, we continue to expect double-digit free cash flow growth on a standalone basis for 2026.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-07-30 04:01:10 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
We remain confident in our ability to deliver double-digit free cash flow growth in 2026.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-07-29 10:37:41 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
2026-05-02 04:01:17 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
We continue to expect double-digit free cash flow growth in 2026.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-05-01 10:35:38 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q1 FY2026
2026-05-01 10:34:38 UTCOpen source
2026-01-31 05:01:36 UTCdouble-digit free cash flow growthmaintained10% – 19% vs FY2025
We carry substantial momentum into 2026, and in summary, our full year 2026 guidance includes mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth, and double-digit free cash flow growth.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-01-30 11:36:30 UTCdouble-digit free cash flow growthnew10% – 19% vs FY2025
For 2026, we expect mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q4 FY2025
2026-01-30 11:35:25 UTCOpen source
AONAon plcQ4 FY2026 · ends 2026-12-31
3 metrics3 newearnings call · 2d
2026-10-28 13:52:12 UTC$410Mnew
We expect Q4 interest expense to be approximately $410 million, driven by higher USI related debt.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-10-28 13:52:12 UTCstrong organic growthnew
Looking ahead to Q4, we continue to expect strong organic growth, driven by strong demand for our strategy and technology group solutions and momentum in international facultative placements.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-10-28 13:52:12 UTC-$15M – -$12Mnew
We estimate Q4 other expense to range between $12 million and $15 million.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
AONAon plcFY2026 · ends 2026-12-31
3 metrics3 maintainedearnings call · 2d
2026-10-28 13:52:12 UTC$100Mmaintained
Restructuring savings were $20 million in the quarter, contributing approximately 50 basis points to adjusted operating margin, and we remain on track to deliver $100 million of savings in 2026, advancing towards our goal of $450 million program savings, with 2026 representing the final year of our restructuring investment.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-07-30 04:01:10 UTC$100Mmaintained
We remain on track to deliver $100 million of savings in 2026, advancing toward our goal of $450 million in total savings by 2027, with 2026 marking the final year of our restructuring investment.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-05-02 04:01:17 UTC$100Mmaintained
We remain on track to deliver $100 million of savings in 2026, advancing toward our goal of $450 million in total savings by 2027, with 2026 marking the final year of our restructuring investment.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-01-31 05:01:36 UTC$100Mnew
For 2026, $100 million of savings will contribute approximately 50 basis points of margin expansion.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-10-28 13:52:12 UTC4% – 8%maintained4% – 8% vs FY2025
Revenue generating headcount is up 4% year to date, and we remain on track to expand the population of priority growth hires by 4% to 8% this year.
AON · transcript · Q3 FY2026
2026-10-28 13:51:00 UTCOpen source
2026-07-30 04:01:10 UTC4% – 8%maintained4% – 8% vs FY2025
Because 3% through six months, we're maintaining that 4%-8% objective.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-05-02 04:01:17 UTC4% – 8%maintained4% – 8% vs FY2025
Despite ongoing competitive pressures for talent, we continue to expect to expand our revenue-generating population by 4%-8% in 2026.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-01-31 05:01:36 UTC4% – 8%new4% – 8% vs FY2025
We plan to continue investing in growth and to expand this population by an additional 4%-8% in 2026.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-10-28 10:36:45 UTC$0.42maintained
If currency were to remain stable at today’s rates, the Company would expect a de minimis impact on adjusted EPS in the fourth quarter of 2026 and a favorable impact on adjusted EPS of approximately $0.42 per share for the full year 2026.
AON · EX-99.1 · Q3 FY2026
2026-10-28 10:35:58 UTCOpen source
2026-07-29 10:37:41 UTC$0.42lowered -4.5%
If currency were to remain stable at today’s rates, the Company would expect a de minimis impact on adjusted EPS in the third quarter of 2026 and a favorable impact on adjusted EPS of approximately $0.42 per share for the full year 2026.
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
2026-05-01 10:35:38 UTC$0.44new
If currency were to remain stable at today’s rates, the Company would expect a de minimis impact on adjusted EPS in the second quarter of 2026 and a favorable impact on adjusted EPS of approximately $0.44 per share for the full year 2026.
AON · EX-99.1 · Q1 FY2026
2026-05-01 10:34:38 UTCOpen source
AONAon plcQ4 FY2026 · ends 2026-12-31
1 metric1 newearnings release · 2d
2026-10-28 10:36:45 UTCde minimis impactnew
If currency were to remain stable at today’s rates, the Company would expect a de minimis impact on adjusted EPS in the fourth quarter of 2026 and a favorable impact on adjusted EPS of approximately $0.42 per share for the full year 2026.
AON · EX-99.1 · Q3 FY2026
2026-10-28 10:35:58 UTCOpen source
AONAon plcFY2026 · ends 2026-12-31
2 metrics1 maintainedearnings call · 2026-07-30 04:01:10 UTC
2026-07-30 04:01:10 UTC19.5% – 20.5%maintained-170 bps – -70 bps vs FY2025
We continue to expect a full-year tax rate of 19.5%-20.5%.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-05-02 04:01:17 UTC19.5% – 20.5%maintained-170 bps – -70 bps vs FY2025
Our full year tax outlook remains unchanged at 19.5%-20.5%.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-01-31 05:01:36 UTC19.5% – 20.5%new
Embedded in this earnings guidance is a two-point EPS tailwind from FX, based on today's FX rates remaining stable, a two-point headwind from the sale of the NFP Wealth business, an expected tax rate of 19.5%-20.5%, excluding any extraordinary discrete items, and a non-cash pension expense of $80 million.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-07-30 04:01:10 UTCstrong adjusted earnings growth
As a result, we are reaffirming our 2026 full year guidance, including 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.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-07-29 10:37:41 UTCstrong adjusted EPS growth
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
2026-05-01 10:35:38 UTCstrong adjusted EPS growth
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q1 FY2026
2026-05-01 10:34:38 UTCOpen source
2026-01-31 05:01:36 UTCstrong adjusted EPS growth
We carry substantial momentum into 2026, and in summary, our full year 2026 guidance includes mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth, and double-digit free cash flow growth.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-01-30 11:36:30 UTCstrong adjusted EPS growthnew
For 2026, we expect mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q4 FY2025
2026-01-30 11:35:25 UTCOpen source
AONAon plcQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-30 04:01:10 UTC
2026-07-30 04:01:10 UTC$185Mnew
We expect Q3 2026 interest expense to be approximately $185 million.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
AONAon plcFY2026 · ends 2026-12-31
2 metrics1 newearnings call · 2026-07-30 04:01:10 UTC
2026-07-30 04:01:10 UTC70 bps – 80 bpsnew70 bps – 80 bps vs FY2025
As a result, we are reaffirming our 2026 full year guidance, including 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.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-07-30 04:01:10 UTCat least 4%4% vs FY2025
As a result, we are reaffirming our 2026 full year guidance, including 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.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-07-29 10:37:41 UTCmid-single-digit or greater organic revenue growthmaintained4% – 6% vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
2026-05-01 10:35:38 UTCmid-single-digit or greater organic revenue growthmaintained4% – 6% vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q1 FY2026
2026-05-01 10:34:38 UTCOpen source
2026-01-31 05:01:36 UTCmid-single-digit or greater organic revenue growthmaintained4% – 6% vs FY2025
We expect mid-single-digit or greater organic revenue growth, fueled by recurring new business wins with both existing and new clients, the compounding contribution from revenue-generating hires in priority areas and within the Enterprise Client Group, and accretive growth in the Middle Market, including revenue synergies from NFP.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-01-30 11:36:30 UTCmid-single-digit or greaternew4% – 6% vs FY2025
For 2026, we expect mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q4 FY2025
2026-01-30 11:35:25 UTCOpen source
AONAon plcQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-30 04:01:10 UTC
2026-07-30 04:01:10 UTC-$20M – -$15Mnew
We estimate Q3 2026 other expense to range between $15 million-$20 million.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
AONAon plcFY2027+ · ends 2027-12-31
1 metric1 maintainedearnings call · 2026-07-30 04:01:10 UTC
2026-07-30 04:01:10 UTC$450Mmaintained
We remain on track to deliver $100 million of savings in 2026, advancing toward our goal of $450 million in total savings by 2027, with 2026 marking the final year of our restructuring investment.
AON · transcript · Q2 FY2026
2026-07-30 04:00:00 UTCOpen source
2026-05-02 04:01:17 UTC$450Mraised +150.0%
We remain on track to deliver $100 million of savings in 2026, advancing toward our goal of $450 million in total savings by 2027, with 2026 marking the final year of our restructuring investment.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-01-31 05:01:36 UTC$180Mnew
Second, we expect $180 million in restructuring savings over 2026 and 2027, including additional savings from accelerating the NFP integration.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
AONAon plcQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-29 10:37:41 UTC
2026-07-29 10:37:41 UTCa de minimis impact on adjusted EPSnew
If currency were to remain stable at today’s rates, the Company would expect a de minimis impact on adjusted EPS in the third quarter of 2026 and a favorable impact on adjusted EPS of approximately $0.42 per share for the full year 2026.
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
AONAon plcFY2026 · ends 2026-12-31
1 metric1 maintainedearnings release · 2026-07-29 10:37:41 UTC
2026-07-29 10:37:41 UTC70 bps – 80 bpsmaintained70 bps – 80 bps vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q2 FY2026
2026-07-29 10:36:50 UTCOpen source
2026-05-01 10:35:38 UTC70 bps – 80 bpsmaintained70 bps – 80 bps vs FY2025
•We are reaffirming 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q1 FY2026
2026-05-01 10:34:38 UTCOpen source
2026-01-31 05:01:36 UTC70 bps – 80 bpsmaintained70 bps – 80 bps vs FY2025
We carry substantial momentum into 2026, and in summary, our full year 2026 guidance includes mid-single-digit or greater organic revenue growth, 70-80 basis points of adjusted operating margin expansion, strong adjusted EPS growth, and double-digit free cash flow growth.
AON · transcript · Q4 FY2025
2026-01-31 05:00:00 UTCOpen source
2026-01-30 11:36:30 UTC70 bps – 80 bpsnew70 bps – 80 bps vs FY2025
For 2026, we expect mid-single-digit or greater organic revenue growth, 70 to 80 basis points of adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth
AON · EX-99.1 · Q4 FY2025
2026-01-30 11:35:25 UTCOpen source
AONAon plcQ2 FY2026 · ends 2026-06-30
1 metric1 newearnings call · 2026-05-02 04:01:17 UTC
2026-05-02 04:01:17 UTC$180Mnew
We expect Q2 2026 interest expense to be approximately $180 million.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
AONAon plcFY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-05-02 04:01:17 UTC
2026-05-02 04:01:17 UTC$1.3Bnew
By year-end, we expect to have invested approximately $1.3 billion in talent and technology, enhancing productivity and strengthening our ability to better diagnose risk, design integrated solutions, access capital efficiently, and execute consistently for our clients.
AON · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source