Aon plc balance sheet
At the end of fiscal 2025, Aon plc had total assets of $50.78bn, total liabilities of $41.24bn and shareholders' equity of $9.35bn. It held $1.20bn in cash against $15.42bn of debt: net debt of $14.23bn.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.4 | 0.4 | 0.4 | 0.8 | 0.7 | 0.8 | 0.9 | 0.5 | 0.7 | 0.8 | 1.1 | 1.2 | 2.0 |
| Receivables | 2.1 | 2.7 | 3.2 | 3.1 | 2.9 | 2.8 | 2.6 | 2.1 | 2.7 | 2.8 | 3.1 | 3.1 | 3.1 | 3.0 | 3.3 | 3.8 | 4.2 | 4.8 |
| Total current assets | 14.0 | 14.5 | 15.5 | 16.4 | 16.3 | 15.8 | 13.6 | 13.1 | 13.7 | 14.4 | 16.5 | 18.7 | 19.0 | 20.7 | 21.7 | 23.4 | 25.8 | 39.9 |
| Goodwill | 6.1 | 8.6 | 8.8 | 8.9 | 9.0 | 8.9 | 7.1 | 7.4 | 8.4 | 8.2 | 8.2 | 8.7 | 8.4 | 8.3 | 8.4 | 15.2 | 15.8 | 15.9 |
| Total assets | 23.0 | 29.0 | 29.6 | 30.5 | 30.3 | 29.8 | 26.9 | 26.6 | 26.1 | 26.4 | 29.4 | 32.1 | 31.9 | 32.7 | 34.0 | 49.0 | 50.8 | 65.1 |
| Deferred revenue (current) | — | — | — | 0.4 | 0.5 | 0.4 | 0.4 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Total current liabilities | 12.6 | 12.9 | 13.8 | 15.4 | 15.4 | 15.0 | 13.1 | 12.5 | 12.8 | 13.3 | 15.6 | 17.4 | 19.1 | 20.3 | 21.7 | 23.0 | 23.2 | 25.2 |
| Short-term debt | 0.0 | 0.5 | 0.3 | 0.5 | 0.7 | 0.8 | 0.6 | 0.3 | 0.3 | 0.3 | 0.7 | 0.4 | 1.2 | 0.9 | 1.2 | 0.8 | 0.6 | 1.7 |
| Long-term debt | 2.0 | 4.0 | 4.2 | 3.7 | 3.7 | 4.8 | 5.1 | 5.9 | 5.7 | 6.0 | 6.6 | 7.3 | 8.2 | 9.8 | 10.0 | 16.3 | 14.7 | 26.3 |
| Total debt | 2.0 | 4.5 | 4.5 | 4.2 | 4.4 | 5.6 | 5.7 | 6.3 | 6.1 | 6.3 | 7.4 | 7.8 | 9.5 | 10.9 | 11.3 | 17.2 | 15.4 | 28.0 |
| Total liabilities | 17.5 | 20.7 | 21.4 | 22.7 | 22.1 | 23.1 | 20.8 | 21.1 | 21.4 | 22.2 | 26.0 | 28.5 | 30.8 | 33.1 | 34.7 | 42.5 | 41.2 | 54.9 |
| Shareholders' equity | 5.4 | 8.3 | 8.1 | 7.8 | 8.1 | 6.6 | 6.0 | 5.5 | 5.2 | 4.2 | 3.4 | 3.5 | 1.1 | −0.5 | −0.8 | 6.1 | 9.4 | 10.1 |
| Net debt (negative = net cash) | 1.8 | 4.2 | 4.2 | 3.9 | 3.9 | 5.2 | 5.3 | 5.9 | 5.3 | 5.7 | 6.7 | 7.0 | 9.0 | 10.2 | 10.6 | 16.1 | 14.2 | 26.0 |
| Shares outstanding | 266m | 332m | 324m | 311m | 301m | 280m | 270m | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 3.8 | 4.6 | 4.9 | 4.3 | 4.2 | 5.1 | 5.3 | 4.8 |
| Total current assets | 23.4 | 24.4 | 27.8 | 26.6 | 25.8 | 26.2 | 28.1 | 39.9 |
| Goodwill | 15.2 | 15.7 | 16.0 | 15.7 | 15.8 | 15.9 | 15.9 | 15.9 |
| Total assets | 49.0 | 50.3 | 54.0 | 51.6 | 50.8 | 51.4 | 53.3 | 65.1 |
| Deferred revenue (current) | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 |
| Total current liabilities | 23.0 | 23.3 | 27.1 | 25.1 | 23.2 | 24.5 | 27.2 | 25.2 |
| Short-term debt | 0.8 | 1.3 | 1.8 | 1.7 | 0.6 | 1.1 | 2.0 | 1.7 |
| Long-term debt | 16.3 | 16.3 | 15.5 | 15.1 | 14.7 | 13.5 | 12.9 | 26.3 |
| Total debt | 17.0 | 17.6 | 17.3 | 16.8 | 15.2 | 14.7 | 15.0 | 28.0 |
| Total liabilities | 42.5 | 43.0 | 45.9 | 43.4 | 41.2 | 41.4 | 43.6 | 54.9 |
| Shareholders' equity | 6.1 | 7.0 | 7.8 | 7.9 | 9.4 | 9.8 | 9.6 | 10.1 |
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