Overview
Global professional services firm's Q1 revenue grew 6%, slightly beating analyst expectations
Adjusted EPS for Q1 rose 14% and beat analyst expectations
Company returned $662 mln to shareholders through dividends and buybacks in Q1
Outlook
Aon reaffirms 2026 guidance of mid-single-digit or greater organic revenue growth
Company expects 70-80 basis points of adjusted operating margin expansion in 2026
Aon anticipates strong adjusted EPS growth and double-digit free cash flow growth in 2026
Result Drivers
RISK CAPITAL GROWTH - Risk Capital revenue rose 10%, driven by double-digit growth in North America and strong growth in EMEA, supported by net new business and strong retention
CURRENCY TAILWIND - Foreign currency translation had a 4% favorable impact on total revenue and contributed $0.36 per share to adjusted EPS
RESTRUCTURING SAVINGS - Net restructuring savings and lower expenses from divestitures contributed to higher adjusted operating income and margin
Company press release: ID:nPncd2SjLa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$5.03 bln
$5 bln (13 Analysts)
Q1 Adjusted EPS
Beat
$6.48
$6.40 (19 Analysts)
Q1 EPS
$5.63
Q1 Organic Growth
5.00%
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Aon PLC is $390.00, about 25.1% above its April 30 closing price of $311.65
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)