Aon (AON) revenue breakdown

Financial Services · Insurance Brokers · Market cap $59.6B

By segment, Risk Capital is the largest at 66% of fiscal 2025 revenue; Human Capital grew fastest, 18% a year over 3 years.

By product, Commercial Risk Solutions is the largest at 53% of fiscal 2023 revenue; Reinsurance Solutions grew fastest, 9% a year over 7 years.

Revenue by segment

Fiscal years, as Aon reports them in its 10-K filings; fiscal 2025 total $17.2B.

Segments2022202320242025Share
Risk Capital$8.9B$9.5B$10.5B$11.3B 66%
Human Capital$3.6B$3.9B$5.2B$5.9B 34%

Revenue by product

Fiscal years, as Aon reports them in its 10-K filings; fiscal 2023 total $13.4B.

Products20162017201820192020202120222023Share
Commercial Risk Solutions$3.9B$4.2B$4.7B$5.9B$5.9B$6.6B$6.7B$7.0B 53%
Reinsurance Solutions$1.4B$1.4B$1.6B$1.7B$1.8B$2.0B$2.2B$2.5B 19%
Health Solutions$1.4B$1.5B$1.6B$2.1B$2.1B$2.2B$2.2B$2.4B 18%
Wealth Solutions———$1.4B$1.3B$1.4B$1.4B$1.4B 11%
Retirement Solutions$1.7B$1.8B$1.9B————— —
Data & Analytic Services$1.1B$1.1B$1.1B————— —

Revenue by region

Fiscal years, as Aon reports them in its 10-K filings; fiscal 2025 total $17.2B.

Regions2016201720182019202020212022202320242025Share
U.S.$4.0B$4.4B$4.7B$5.0B$5.0B$5.5B$5.7B$5.9B$7.7B$8.3B 48%
Europe, Middle East, & Africa other than U.K. and Ireland$1.8B$2.0B$2.3B$2.3B$2.2B$2.6B$2.4B$2.7B$2.9B$3.2B 18%
U.K.$1.4B$1.4B$1.6B$1.5B$1.6B$1.7B$1.7B$1.8B$2.0B$2.2B 13%
Asia Pacific$1.4B$1.1B$1.2B$1.2B$1.2B$1.3B$1.5B$1.6B$1.7B$1.7B 10%
Americas other than U.S.$899M$976M$940M$919M$911M$1.0B$1.1B$1.3B$1.3B$1.6B 10%
Ireland——$80M$75M$84M$127M$99M$113M$146M$185M 1%
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for AON.
Open AON in Investingly

Questions

Where does Aon make its money?

In fiscal 2025, by segment: Risk Capital $11.3B, Human Capital $5.9B.

From Aon's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.