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Aon plc cash flow statement

In fiscal 2025, Aon plc's operations generated $3.48bn of cash; it spent $263m on capital projects, leaving free cash flow of $3.22bn. It returned $629m in dividends and $1.00bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations5007831,0181,4191,7531,8122,0092,3267341,6861,8352,7832,1823,2193,4353,0353,4813,574
Depreciation and amortisation149151220232240242164162187176172167179151167183188192
Stock-based pay209221235212300328320306319338317312449397438474432368
Capital spending140180241269229256200156183240225141137196252218263308
Free cash flow3606037771,1501,5241,5561,8092,1705511,4461,6102,6422,0453,0233,1832,8173,2183,266
Free cash flow after stock pay1513825429381,2241,2281,4891,8642321,1081,2932,3301,5962,6262,7452,3432,7862,898
Dividends paid165175200204212273323345364382410412447463489562629672
Share buybacks5902508281,1251,1022,2501,5501,2572,3991,4701,9601,7633,5433,2032,7001,0001,0001,350
Shares issued———————————44555872797063

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Aon plc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Aon plc.