Equity Profile

AON

Aon plc

FinancialsInsurance Brokers$75.7B

Jul24Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Aon plc is a leading global professional services firm specializing in risk, retirement, and health solutions. Operating in the financial sector, Aon plays a crucial role in helping businesses manage their risks and optimize their employee benefits, making it an important player in the insurance brokerage industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of Aon's profitability and is closely watched by investors to gauge financial health.

N/A

Revenue Growth

Revenue growth reflects Aon's ability to expand its business and attract new clients, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.04%

Avg Stock Reaction

+1.90%

Last Quarter Recap

In Q1 2026, Aon reported an EPS of $6.48, surpassing estimates by 2.37%. However, revenue details were not disclosed, and the stock saw a slight decline of 0.04% the following day.

Management Promises & Guidance

Focus on enhancing digital solutions for clients.
Commitment to maintaining strong client relationships.
Plans to expand into emerging markets.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Aon has a strong track record of beating EPS estimates, but revenue details remain uncertain.

Bull Case

If Aon continues its trend of beating EPS estimates, it could signal robust operational efficiency and strong demand for its services.

Bear Case

On the other hand, if revenue growth is disappointing or client retention rates drop, it could raise concerns about Aon's future performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in determining whether Aon can maintain its trend of beating estimates and reassure investors.

How is Aon addressing client retention and revenue growth?

Understanding Aon's strategies for client retention and revenue growth will provide insights into its future stability and performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Aon's ability to leverage its digital solutions to drive revenue growth, especially in emerging markets.

Supporting Evidence

Aon has consistently beaten EPS estimates, indicating strong operational efficiency.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor Aon.

Recent trends show an increasing demand for risk management services, which Aon is well-positioned to capitalize on.

Key Risk

If Aon reports an EPS significantly above $6.60, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Aon's ability to deliver strong earnings while addressing any concerns regarding revenue growth.

Bull Confirmed If

An EPS of $6.60 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $6.30 would confirm the bear case, suggesting potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.76%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±4.8% while AON has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.2%

Calls (26K)P/C Ratio: 1.91Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Aon beats EPS estimates, history suggests a positive market reaction, with an average 1-day move of +2.52%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

In the event of a miss, history suggests a muted reaction, with an average 1-day move of +0.02%, indicating potential concerns about Aon's future outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on client retention rates and how they are impacting revenue.
2Any updates on digital transformation initiatives and their expected impact on growth.
3Insights into emerging market performance and expansion plans.
4Management's outlook on the competitive landscape in the insurance brokerage industry.
5Comments on any regulatory changes affecting the insurance sector.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of Aon's profitability and is closely watched by investors to gauge financial health.

N/A

Revenue Growth

Revenue growth reflects Aon's ability to expand its business and attract new clients, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AON Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.04%

Avg Stock Reaction

+1.90%

Last Quarter Recap

In Q1 2026, Aon reported an EPS of $6.48, surpassing estimates by 2.37%. However, revenue details were not disclosed, and the stock saw a slight decline of 0.04% the following day.

Management Promises & Guidance

Focus on enhancing digital solutions for clients.
Commitment to maintaining strong client relationships.
Plans to expand into emerging markets.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Aon has a strong track record of beating EPS estimates, but revenue details remain uncertain.

Bull Case

If Aon continues its trend of beating EPS estimates, it could signal robust operational efficiency and strong demand for its services.

Bear Case

On the other hand, if revenue growth is disappointing or client retention rates drop, it could raise concerns about Aon's future performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in determining whether Aon can maintain its trend of beating estimates and reassure investors.

How is Aon addressing client retention and revenue growth?

Understanding Aon's strategies for client retention and revenue growth will provide insights into its future stability and performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Aon's ability to leverage its digital solutions to drive revenue growth, especially in emerging markets.

Supporting Evidence

Aon has consistently beaten EPS estimates, indicating strong operational efficiency.

The options market is pricing in a significant move, suggesting traders expect volatility that could favor Aon.

Recent trends show an increasing demand for risk management services, which Aon is well-positioned to capitalize on.

Key Risk

If Aon reports an EPS significantly above $6.60, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Aon's ability to deliver strong earnings while addressing any concerns regarding revenue growth.

Bull Confirmed If

An EPS of $6.60 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $6.30 would confirm the bear case, suggesting potential issues in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.76%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±4.8% while AON has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.2%

Calls (26K)P/C Ratio: 1.91Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Aon beats EPS estimates, history suggests a positive market reaction, with an average 1-day move of +2.52%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

In the event of a miss, history suggests a muted reaction, with an average 1-day move of +0.02%, indicating potential concerns about Aon's future outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on client retention rates and how they are impacting revenue.
2Any updates on digital transformation initiatives and their expected impact on growth.
3Insights into emerging market performance and expansion plans.
4Management's outlook on the competitive landscape in the insurance brokerage industry.
5Comments on any regulatory changes affecting the insurance sector.