Aon plc reported a total revenue of $17.2 billion for the fiscal year ending December 31, 2025, marking a 9% increase from $15.7 billion in 2024. This growth was driven by a 6% organic revenue increase, bolstered by net new business and strong retention rates, as well as contributions from the acquisition of NFP. The Risk Capital segment generated $11.3 billion in revenue, a 7% rise from the previous year, while the Human Capital segment saw a 13% increase, reaching $5.9 billion. Net income for the year was $3.8 billion, a 38% increase from $2.7 billion in 2024, resulting in diluted earnings per share of $17.02, up from $12.49.
Operating expenses rose to $12.8 billion, an 8% increase attributed primarily to the inclusion of NFP's operating expenses and organic growth-related costs. However, the operating margin improved to 25.3%, up from 24.4% in 2024, aided by $160 million in net restructuring savings from the Accelerating Aon United Program. The program, initiated in 2023, aims to streamline operations and reduce costs, with total expected costs now estimated at $1.3 billion, generating anticipated annual savings of approximately $450 million by the end of 2027.
Aon continued to expand its global footprint, serving clients in over 120 countries. The company employed approximately 60,000 individuals as of December 31, 2025, with a focus on enhancing diversity within its workforce. The executive team underwent changes, including the appointment of new leaders in key roles, such as the Chief Financial Officer and Chief Executive Officer of Global Solutions. The company also launched new products, including a proprietary Data Center Lifecycle Insurance Program, aimed at addressing evolving client needs.
Looking ahead, Aon anticipates continued growth driven by its strategic initiatives and the integration of acquired businesses. The company remains focused on enhancing its service offerings and leveraging data analytics to provide clients with innovative solutions. However, Aon acknowledges potential risks, including economic fluctuations, competitive pressures, and regulatory changes that could impact its operations and financial performance. The company is committed to navigating these challenges while maximizing shareholder value through disciplined capital allocation and operational efficiency.
About Aon plc
Aon plc is a global professional services firm specializing in Risk Capital and Human Capital solutions. It offers insurance and reinsurance brokerage, risk consulting, captives management, health and benefits consulting, talent advisory, retirement and investment consulting. Serving clients across over 120 countries and industries, Aon leverages data analytics and technology to deliver tailored risk management and human capital strategies, focusing on high-margin, capital-light services with recurring revenue streams.
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