Short answer
Aon plc (AON) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4.0B (up 7.4% year over year) with net income of $458M.
Q3 2025 key financials · XBRL
- Revenue
- $4.0B
- +7.4% YoY · −3.8% QoQ
- Net income
- $458M
- +33.5% YoY · −20.9% QoQ
- Operating margin
- 20.4%
- EPS (diluted)
- $2.11
- +42.6% YoY · −21.0% QoQ
Source: XBRL data from the Aon plc (AON) Q3 2025 10-Q on SEC EDGAR. USD.
Aon plc Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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