Aon plc (AON) Q3 2025 10-Q Quarterly Report
Aon plc (AON) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Aon plc Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $4.0B, up $276M (7%) YoY; Risk Capital +$170M (7%) to $2.5B, Human Capital +$106M (8%) to $1.5B
- • Operating margin 20.4% vs 16.7% YoY; Risk Capital margin down to 23.2% from 23.8%, Human Capital margin up to 22.5% from 14.8%
- • Best segment: Human Capital operating income +64% to $332M; worst segment: Risk Capital operating margin slight decline
- • Operating cash flow $2.1B for nine months, +14% YoY; Capex $189M, share repurchases $2.0B for nine months; debt decreased by $226M
- • Management notes macroeconomic uncertainty, geopolitical risks as potential headwinds; confident in resilience; sold majority of NFP Wealth business for $2.3B post quarter
Risk Factors
- • No new or updated risk factors compared to 2024 10-K
- • Carried-forward regulatory risk: evolving global insurance regulations impacting compliance costs and market access
- • Operational risk: exposure to catastrophic event losses affecting underwriting results and claim expenses
- • Competitive risk: intensifying price pressures in core insurance brokerage markets reducing revenue growth
- • Financial risk: currency fluctuations impacting reported earnings due to global operations and transaction exposures
Aon plc Q3 2025 Quarterly FinancialsXBRL
Revenue
$4.0B
▲ +7.4% YoY▼ -3.8% QoQ
Net Income
$458M
▲ +33.5% YoY▼ -20.9% QoQ
Operating Margin
20.4%
▲ +367bp YoY▼ -26bp QoQ
Net Margin
11.5%
▲ +224bp YoY▼ -248bp QoQ
ROE
5.8%
Total Assets
$51.6B
EPS (Diluted)
$2.11
▲ +42.6% YoY▼ -21.0% QoQ
Operating Cash Flow
$1.1B
▲ +13.3% YoY▲ +44.2% QoQ
Source: XBRL data from Aon plc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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