Aon plc (AON) Earnings Call Transcripts
Aon plc's Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Aon plc reported a 5% organic revenue growth, achieving total revenue of $4.2 billion, which reflects a 2% year-over-year increase. Adjusted EPS grew by 9% to $3.81, and the company generated $483 million in free cash flow. Management reaffirmed its full-year guidance for mid-single-digit organic revenue growth and margin expansion, signaling confidence in the company's robust business model despite a challenging pricing environment in certain segments.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $4.2B (beat) |
| Organic Revenue Growth | 5% (inline) |
| Adjusted EPS | $3.81 (beat) |
| Adjusted Operating Margin | 28.9% (positive) |
| Free Cash Flow | $483M (positive) |
| Interest Expense | $179M (positive) |
Guidance from management
Management reaffirmed its full-year guidance, expecting mid-single-digit organic revenue growth and 70 to 80 basis points of margin expansion, indicating confidence in the business model despite market challenges.
What analysts pressed on
Analysts expressed concerns regarding the impact of M&A services on growth and the evolving pricing environment, particularly in commercial risk. There were also questions about the sustainability of hiring amid competition for talent in the industry.
Main topics on the call
- Strong Organic Revenue Growth — Aon achieved 5% organic revenue growth across all solution lines, demonstrating resilience in a challenging market. Management noted, "new business contributed 10 points to organic revenue growth," highlighting the effec...
- Margin Expansion — Adjusted operating margin expanded by 70 basis points to 28.9%, driven by operational efficiencies and restructuring savings. Edmund Reese stated, "the scale advantages related to ABS continue to lower unit costs across ...
- Free Cash Flow Generation — Aon generated $483 million in free cash flow, up 4% year-to-date, reinforcing its strong cash generation capabilities. Management expressed confidence in delivering double-digit free cash flow growth for the full year, e...
- Challenges in M&A Services — M&A services were noted as a headwind, impacting overall growth despite a strong pipeline. Edmund Reese mentioned, "announced transactions are up over 60%," suggesting a potential rebound in the second half of the year.
Read the full Aon plc transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Aon plc
Aon plc (AON) is a publicly listed company in the Insurance industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 41 calls on record spanning January 31, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 41 Aon plc earnings call transcripts on record, spanning January 31, 2020 to July 29, 2026. Based on this history, Aon plc reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- AON
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Insurance
- Calls on record
- 41
- First call
- January 31, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly