Ireland's Aon Q2 revenue up 2%

Aon

29/07/2026 11:43

Overview
Ireland-based insurance broker's Q2 revenue grew 2%, slightly missing analyst expectations
Adjusted EPS for Q2 beat analyst expectations, rising 9% yr/yr
Company returned $775 mln to shareholders via buybacks and dividends in Q2

Outlook
Aon reaffirms 2026 guidance of mid-single-digit or greater organic revenue growth
Company expects 70-80bps adjusted operating margin expansion for full-year 2026
Aon expects strong adjusted EPS growth and double-digit free cash flow growth in 2026

Result Drivers
ORGANIC GROWTH - 5% organic revenue growth driven by net new business and strong client retention across core segments
DIVESTITURES IMPACT - Revenue growth limited by 4% negative impact from divestitures, mainly due to sales of NFP Wealth business and Stroz Friedberg
OPERATING MARGIN EXPANSION - Margin gains attributed to organic growth, scale improvements, and restructuring savings, partly offset by investments for growth

Company press release: ID:nPn5Btt3Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$4.25 bln
$4.28 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$3.81
$3.80 (22 Analysts)
Q2 EPS
 
$2.58
 
Q2 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 15 "strong buy" or "buy", 8 "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 2.3% above its July 28 closing price of $381.26
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 28 - Unum Group Q2 revenue eases past estimates on premium growth
July 28 - Bermuda's AXIS Capital Q2 net income rises, operating profit drops
July 28 - Arch Capital Q2 net income falls as premiums decline

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.)