Aon Delivers Impressive Revenue Growth in Q3 2025 Results Report

Aon Reports Strong Q3 2025 Results

Aon plc (NYSE: AON) has recently released its financial outcomes for the third quarter ending September 30, 2025, showcasing significant progress across various sectors. The results reveal an impressive total revenue of approximately $4 billion, marking a 7% growth compared to the same period last year, driven primarily by organic growth in the Risk Capital and Human Capital divisions.

Revenue Highlights

The report indicates that Aon's total revenue reached $3,997 million for Q3 2025, up from $3,721 million in Q3 2024. This achievement reflects not only solid organic revenue growth of 7% but also a 1% favorable influence from foreign currency translation. However, the revenue was slightly impacted by a 1% adverse effect from acquisitions, divestitures, and other factors. Notably, the Risk Capital sector generated $2.5 billion, showing a 7% year-over-year increase, while Human Capital revenue grew by 8%, totaling $1.5 billion.

Operating Performance

In terms of operating income, Aon reported $816 million, which represents a 31% increase compared to $623 million in the same quarter last year. This increase can be attributed to enhanced operational efficiencies and successful execution of the company's strategic initiatives, particularly the Aon United strategy, powered by the 3x3 Plan. The adjusted operating income reached $1,051 million, a rise of 15% from the previous year.

Additionally, the operating margin improved to 20.4% from 16.7%, and the adjusted operating margin increased to 26.3% from 24.6%, underscoring Aon's disciplined management and effective cost optimization strategies.

Net Income and EPS Growth

For Q3 2025, diluted earnings per share (EPS) surged by 34%, reaching $2.11 compared to $1.57 a year ago. Adjusted EPS rose to $3.05, up 12% year over year, reflecting Aon's strong capital position and robust cash generation capabilities, which provide a solid foundation for future growth.

Effective Tax Rate Insights

The effective tax rate for Aon was recorded at 21.3%, slightly higher than the previous year's 20.9%. After adjusting for certain non-GAAP measures, the effective tax rate stands at 19.2% for this quarter, compared to 18.0% in Q3 2024.

Operational Cash Flow and Free Cash Flow

Operational cash flow for the first nine months of 2025 increased by 14% to $2.1 billion, primarily driven by elevated adjusted operating income and reduced transaction costs associated with recent acquisitions. For the same period, free cash flow saw a 13% improvement, reaching $1.9 billion, reflecting Aon's committed focus on cash generation and prudent capital expenditure management.

Shareholder Value and Future Outlook

Aon’s leadership remains optimistic about achieving its full-year 2025 financial targets, bolstered by the firm's strong market position and strategic growth initiatives. During the third quarter, Aon repurchased approximately 0.7 million shares for about $250 million under its share repurchase program, signifying its commitment to returning value to shareholders.

Overall, Aon's strong performance in the third quarter of 2025 underscores the company’s dedication to innovation, operational excellence, and strategic investments that drive sustainable growth and shareholder value into the future. A conference call is scheduled for October 31, 2025, to discuss these results further, along with insights on future endeavors and expectations in global markets.

For further information, you can access Aon’s investor relations page where additional details and resources are available. Follow Aon on social media platforms to stay updated with their latest announcements and insights.