Aon plc reported financial results for the three months ended September 30, 2026. Total revenue for the quarter was $4.101 billion, representing a 3% increase compared to the prior year. The company reported 6% organic revenue growth, driven by net new business and strong retention across its business segments.
Revenue performance was mixed across the company's divisions. Risk Capital revenue increased 6% to $2.7 billion, while Human Capital revenue decreased 4% to $1.4 billion. Within Risk Capital, Commercial Risk Solutions saw organic revenue growth of 7%, and Reinsurance Solutions also grew 7% organically. Human Capital Health Solutions grew 6% organically, while Wealth Solutions grew 4% organically.
On the income statement, operating income was $809 million, a decrease of 1% year-over-year, resulting in an operating margin of 19.7%. Adjusted operating income was $1.106 billion, a 5% increase, yielding an adjusted operating margin of 27.0%. Diluted earnings per share (EPS) were $2.23, a 6% increase from the prior year. Adjusted EPS was $3.36, a 10% increase.
The company generated $1.191 billion in cash from operations and $1.097 billion in free cash flow for the third quarter. Aon announced that it expects to close the acquisition of USI in the fourth quarter of 2026 and intends to prioritize debt repayment to reach a leverage objective of 2.8x to 3.0x in approximately 24 months.
