AONAon plc
Aon plc (AON) sells insurance brokerage and risk management services to corporations, governments, and individuals. The company’s next catalyst is Nov 9, 2026 — BMO upgrades Aon stock rating to outperform on growth outlook, which will test the business’s ability to deliver on its growth narrative amid macroeconomic headwinds.
- AON’s revenue grew 9.4% YoY to $17.38B in 2026, with a net margin of 15.5% and free cash flow of $5.05B (TTM).
- The company’s debt-to-equity ratio stands at 1.69x, and it maintains a strong balance sheet with $9.35B in shareholders’ equity.
- AON’s diluted EPS of $2.23 reflects solid earnings power, though the business remains leveraged and sensitive to macro conditions.
The Read
AON's stock historically showed a median absolute move of ~1%.
The schedule
- Fri30Oct
The earnings release tests whether Aon can deliver consistent revenue and margin improvements, following a prior print that saw a bearish move due to guidance cuts.
- Mon9Nov
The stock will test whether the upgrade translates into improved investor sentiment and stronger performance in the insurance services sector.
- Fri13Nov
The stock will test whether the strategic partnership leads to tangible growth in the reinsurance sector and improved investor sentiment.
- Fri29Jan
The earnings release will test whether Aon can maintain its guidance and deliver on its margin and cash flow targets, following a recent upgrade and strategic partnership. The outcome will reflect the company's ability to execute on its cost-cutting initiatives and maintain its competitive edge.
- Fri30Apr
This earnings release will test Aon's ability to sustain its guidance and deliver on its long-term growth strategy, particularly in the insurance services sector. The outcome will depend on the company's performance in key markets and its ability to maintain its cost structure.
- Fri30Jul
The Q2 2027 earnings release will test Aon's ability to deliver on its long-term growth targets and maintain its margin and cash flow performance. The outcome will reflect the company's execution on its strategic initiatives and its ability to navigate macroeconomic headwinds.
- Fri29Oct
This earnings release will test Aon's ability to deliver on its long-term growth strategy and maintain its margin and cash flow performance. The outcome will reflect the company's execution on its strategic initiatives and its ability to navigate macroeconomic headwinds.
Past
- Thu10Sep
Actual outcome: Bear · $275.96 at outcome
The stock fell 10.3% following the event, underscoring investor concerns over Aon's strategic direction and market positioning. The presentation at the KBW Insurance Conference did not address key challenges in the insurance sector, leading to a sell-off. The price fell below the bear floor, reflecting broader market skepticism about the company's ability to navigate competitive pressures and deliver sustainable growth.
Aon is set to present at the KBW Insurance Conference, where it will share updates on its business strategy and market outlook. This event offers an opportunity for the company to showcase its performance and future plans, which can influence investor sentiment and stock price movement. The conference setting also allows for direct engagement with industry analysts and potential clients.
- Fri1May
Actual outcome: Mixed · $312.79 at outcome
Aon delivered strong Q1 2026 results, beating estimates with adjusted EPS of $6.48 and total revenue of $5.03 billion, representing a 6% year-over-year increase. The company also achieved 5% organic revenue growth and expanded its adjusted operating margin by 70 basis points, driven by strength in its Risk Capital segment. While the initial price reaction was flat, these robust fundamentals validated the company's growth trajectory and ultimately drove the stock well above the bull target in the subsequent months.
Aon delivered strong Q1 2026 results, beating estimates with adjusted EPS of $6.48 and total revenue of $5.03 billion, representing a 6% year-over-year increase. The company also achieved 5% organic revenue growth and expanded its adjusted operating margin by 70 basis points, driven by strength in its Risk Capital segment. While the initial price reaction was flat, these robust fundamentals validated the company's growth trajectory and ultimately drove the stock well above the bull target in the subsequent months.
- Fri1May
Actual outcome: Mixed · $316.35 at outcome
Aon delivered strong Q1 2026 results, beating estimates with an adjusted EPS of $6.48 and total revenue of $5.03 billion, representing a 6% year-over-year increase. The performance was driven by 5% organic revenue growth and a 70 basis point expansion in adjusted operating margins, largely fueled by strength in Risk Capital. These solid fundamentals initiated a steady climb that ultimately propelled the stock well past the bull target.
Aon delivered strong Q1 2026 results, beating estimates with an adjusted EPS of $6.48 and total revenue of $5.03 billion, representing a 6% year-over-year increase. The performance was driven by 5% organic revenue growth and a 70 basis point expansion in adjusted operating margins, largely fueled by strength in Risk Capital. These solid fundamentals initiated a steady climb that ultimately propelled the stock well past the bull target.
- Thu19Feb
Actual outcome: Bear · $320.96 at outcome
Aon announced a strategic expansion of its Ferrari partnership into the Hypersail marine initiative to drive brand innovation and resilience. The stock's mixed reaction was primarily driven by a read-across from competitor Marsh McLennan’s earnings, which featured a beat on earnings per share but provided soft guidance for organic growth that signaled potential sector-wide headwinds.
Aon announced a strategic expansion of its Ferrari partnership into the Hypersail marine initiative to drive brand innovation and resilience. The stock's mixed reaction was primarily driven by a read-across from competitor Marsh McLennan’s earnings, which featured a beat on earnings per share but provided soft guidance for organic growth that signaled potential sector-wide headwinds.
- Fri13Feb
Actual outcome: Bear · $324.30 at outcome
Aon reported Q4 2025 EPS of $7.87, exactly matching consensus estimates. While the stock saw a marginal 0.8% gain following the release, the strictly in-line results and lack of a forward guidance upside surprise failed to generate meaningful momentum, leaving the stock pressured below the $328 bear floor.
Aon reported Q4 2025 EPS of $7.87, exactly matching consensus estimates. While the stock saw a marginal 0.8% gain following the release, the strictly in-line results and lack of a forward guidance upside surprise failed to generate meaningful momentum, leaving the stock pressured below the $328 bear floor.
