Aon Quarterly Cash Flow Statement
NYSE: AONFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Aon free cash flow
In the quarter ended Jun 30, 2026, Aon generated $556.0 million of operating cash flow and spent $73.0 million on capital expenditures. That left free cash flow of $483.0 million, a free-cash-flow margin of 11.4% of revenue. Free cash flow was down 34.0% from the prior year's $732.0 million.
Aon returned $775.0 million to shareholders: $175.0 million in dividends and $600.0 million in share repurchases, equal to 160% of free cash flow. Free cash flow covered dividend payments 2.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Aon cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 565.00M | 1.20B | 1.70B | 470.00M | 594.00M | 982.00M | 734.00M | 355.00M | 538.00M | 1.09B | 507.00M | 467.00M |
| Net Income growth (YoY) | -4.88% | +22.20% | +132.15% | +32.39% | +10.41% | -10.16% | +44.77% | -23.98% | -6.43% | +1.30% | -23.87% | +11.72% |
| Depreciation & Amortization | 49.00M | 46.00M | 48.00M | 47.00M | 47.00M | 46.00M | 47.00M | 47.00M | 45.00M | 44.00M | 48.00M | 42.00M |
| Stock-Based Compensation | 122.00M | 82.00M | 60.00M | 106.00M | 119.00M | 147.00M | 113.00M | 114.00M | 117.00M | 130.00M | 117.00M | 95.00M |
| Change in Working Capital | -224.00M | -1.56B | 473.00M | 755.00M | -52.00M | -1.59B | 501.00M | 790.00M | -41.00M | -1.17B | 472.00M | 572.00M |
| Operating Cash Flow | 556.00M | 430.00M | 1.40B | 1.15B | 796.00M | 140.00M | 1.20B | 1.01B | 513.00M | 309.00M | 1.26B | 1.04B |
| Capital Expenditures | -73.00M | -67.00M | -74.00M | -69.00M | -64.00M | -56.00M | -55.00M | -62.00M | -53.00M | -48.00M | -49.00M | -58.00M |
| Investing Cash Flow | -49.00M | 999.00M | 648.00M | -94.00M | 24.00M | -292.00M | -577.00M | 29.00M | 2.68B | -4.96B | -240.00M | -76.00M |
| Dividends Paid | -175.00M | -162.00M | -161.00M | -160.00M | -161.00M | -147.00M | -146.00M | -147.00M | -146.00M | -123.00M | -123.00M | -125.00M |
| Share Repurchases | -600.00M | -500.00M | -250.00M | -250.00M | -250.00M | -250.00M | -200.00M | -300.00M | -250.00M | -250.00M | -750.00M | -850.00M |
| Debt Issued | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 1.98B | 5.94B | 0 | 0 |
| Debt Repaid | 0 | -593.00M | -1.15B | -400.00M | -300.00M | 0 | -50.00M | -550.00M | — | — | -350.00M | 0 |
| Financing Cash Flow | -858.00M | -441.00M | -3.06B | -768.00M | -24.00M | -349.00M | -769.00M | -699.00M | -3.00B | 5.26B | -1.66B | -1.16B |
| Net Change in Cash | -401.00M | 891.00M | -947.00M | 196.00M | 1.30B | -305.00M | -710.00M | 722.00M | 136.00M | 463.00M | -322.00M | -455.00M |
| Free Cash Flow | 483.00M | 363.00M | 1.32B | 1.08B | 732.00M | 84.00M | 1.15B | 951.00M | 460.00M | 261.00M | 1.21B | 985.00M |
This table shows 12 quarterly periods of Aon's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AON's reporting calendar. What is a cash flow statement?