Aon plc: Beat — EPS $3.36, Revenue $4.1B
Earnings BeatQ3 2026 · Pre-market
Did Aon plc (AON) beat earnings today?
Yes, Aon plc (AON) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+1.82% surprise
$3.36Actual
Expected: $3.30
vs. year ago +10.0%
Total Revenue+0.51% surprise
$4.1BActual
Expected: $4.08B
vs. year ago +3.0%
Released Oct 28 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $4.10B | $4.00B | +3.0% |
| Revenue detail — reported lines | |||
| └─Risk Capital | $2.68B | $2.52B | +6.0% |
| └─Human Capital | $1.42B | $1.48B | -4.0% |
| └─Commercial Risk Solutions | $2.11B | $1.99B | +6.0% |
| └─Reinsurance Solutions | $572.00M | $537.00M | +7.0% |
| └─Health Solutions | $992.00M | $935.00M | +6.0% |
| └─Wealth Solutions | $429.00M | $540.00M | -21.0% |
| Basic EPS | $2.24 | $2.12 | +6.0% |
| Diluted EPS | $2.23 | $2.11 | +6.0% |
| Adjusted EPS | $3.36 | $3.05 | +10.0% |
| Net Income | $486.00M | $470.00M | +3.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Adjusted EPS impact | de minimis | ~$0.42/share favorable |
Business Highlights
- ➤Advanced the Aon United strategy to differentiate its client platform.
- ➤Invested in AI-enabled analytics, innovative capabilities, capital solutions and leading experts.
- ➤Announced the acquisition of USI; expects closing in the fourth quarter of 2026.
- ➤Plans to prioritize debt repayment following the USI acquisition.
- ➤Targets deleveraging to a 2.8x-3.0x leverage objective in approximately 24 months.
- ➤Reported strong North American and EMEA Commercial Risk growth, including M&A services and construction.
- ➤Reinsurance treaty placements benefited from net new business, retention and reversal of constrained revenue.
- ➤Health Solutions expanded core health and benefits internationally and grew Talent Solutions analytics.
- ➤Wealth Solutions retirement advisory demand remained strong in the UK and EMEA amid regulatory change.
- ➤Did not repurchase shares during the quarter; $7.7B remained under the repurchase authorization.
Management Commentary
Greg Case, president and CEO
“Our Aon United strategy continues to advance and differentiate our platform for clients. As we progress through the final year of our 3x3 Plan, our investments in AI-enabled analytics, innovative capabilities and capital solutions, and leading experts are helping clients address their risks, build resilience and drive better outcomes. At the same time, we are strengthening our context advantage and expanding our ability to serve clients across a broader market through the announced acquisition of USI, while creating new opportunities through greater access to both traditional and alternative sources of capital.”
Greg Case, president and CEO
“The impact of this strategy is further demonstrated by our strong third-quarter results with 6% organic revenue growth, 70 basis points of adjusted margin expansion and 10% adjusted EPS growth. We enter the fourth quarter with significant momentum, reinforcing confidence in our ongoing ability to deliver sustained, differentiated performance.”