Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.41B | $10.00B | $10.8B | $11.0B | $11.1B | $12.2B | $12.5B | $13.4B | $15.7B | $17.2B |
| Revenue growth | — | 6.3% | 7.7% | 2.3% | 0.5% | 10.2% | 2.3% | 7.2% | 17.4% | 9.4% |
| Operating income | $1.81B | $1.06B | $1.54B | $2.17B | $2.78B | $2.09B | $3.67B | $3.79B | $3.83B | $4.34B |
| Operating margin | 19.2% | 10.7% | 14.3% | 19.7% | 25.1% | 17.1% | 29.4% | 28.3% | 24.4% | 25.3% |
| Net income | $1.43B | $1.26B | $1.17B | $1.53B | $1.97B | $1.25B | $2.59B | $2.56B | $2.65B | $3.69B |
| Net margin | 15.2% | 12.6% | 10.9% | 13.9% | 17.8% | 10.3% | 20.7% | 19.2% | 16.9% | 21.5% |
| EPS (diluted) | $5.16 | $4.70 | $4.59 | $6.37 | $8.45 | $5.55 | $12.14 | $12.51 | $12.49 | $17.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.33B | $734M | $1.69B | $1.83B | $2.78B | $2.18B | $3.22B | $3.44B | $3.04B | $3.48B |
| Capital expenditures | $156M | $183M | $240M | $225M | $141M | $137M | $196M | $252M | $218M | $263M |
| Free cash flow | $2.17B | $551M | $1.45B | $1.61B | $2.64B | $2.04B | $3.02B | $3.18B | $2.82B | $3.22B |
| Share buybacks | $1.26B | $2.40B | — | — | — | — | — | — | — | — |
| Dividends paid | $345M | $364M | $382M | $410M | $412M | $447M | $463M | $489M | $562M | $629M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $426M | $756M | $656M | $790M | $884M | $544M | $690M | $778M | $1.08B | $1.20B |
| Total assets | $26.6B | $26.1B | $26.4B | $29.4B | $32.1B | $31.9B | $32.7B | $34.0B | $49.0B | $50.8B |
| Total liabilities | $21.1B | $21.4B | $22.2B | $26.0B | $28.5B | $30.8B | $33.1B | $34.7B | $42.5B | $41.2B |
| Long-term debt | $5.87B | $5.67B | $5.99B | $6.63B | $7.28B | $8.23B | $9.82B | $9.99B | $16.3B | $14.7B |
| Shareholders' equity | $5.47B | $4.58B | $4.15B | $3.38B | $3.50B | $1.06B | -$529M | -$826M | $6.12B | $9.35B |
| Retained earnings | $3.81B | $2.30B | $2.09B | $1.25B | $1.04B | -$1.69B | -$2.77B | -$3.40B | -$2.31B | -$245M |
| Shares (wtd avg diluted) | 270M | 261M | 247M | 241M | 233M | 226M | 213M | 205M | 213M | 217M |
Every figure is extracted from Aon plc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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