Aon (AON) FY2024 results: revenue $15.7 billion, up 17.4% on the year
Aon plc (AON) reported revenue of $15.7 billion for fiscal 2024, the year ended 31 December 2024, up 17.4% on the year before. Net income was $2.7 billion, up 3.5%, and diluted earnings per share $12.49. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$15.7 billion
+17.4% on the year
FY2017FY2024
Operating margin
24.4%
28.3% a year earlier
FY2017FY2024
Net income
$2.7 billion
+3.5% on the year
FY2017FY2024
Diluted EPS
$12.49
-0.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,035
3,435
3,219
-11.6%
Capital expenditure
218
252
196
-13.5%
Free cash flow
2,817
3,183
3,023
-11.5%
Free cash flow margin
17.9%
23.8%
24.2%
Cash from investing
-2,833
-188
-449
Cash from financing
796
-2,865
-1,790
Share-based compensation
474
438
397
+8.2%
Dividends paid
562
489
463
+14.9%
Dividend per share
$2.64
$2.41
$2.19
+9.5%
Diluted shares, weighted
212m
205m
213m
+3.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,121
-826
-529
Non-controlling interest
184
84.0
100
+119.0%
Redeemable equity
125
0.0
n/a
Debt
17,016
11,199
10,770
+51.9%
Operating lease liabilities
685
641
693
+6.9%
Finance lease liabilities
0.0
10.0
28.0
Other liabilities
24,834
22,851
21,642
+8.7%
Total liabilities and equity
48,965
33,959
32,704
+44.2%
Fixed assets
637
638
558
-0.2%
Goodwill
15,234
8,414
8,292
+81.1%
Intangible assets
6,743
234
447
+2,781.6%
Investments
309
414
512
-25.4%
Cash and equivalents
1,085
778
690
+39.5%
Receivables
3,803
3,254
3,035
+16.9%
Other assets
21,154
20,227
19,170
+4.6%
Total assets
48,965
33,959
32,704
+44.2%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.