Equity Profile

AON

Aon plc

FinancialsInsurance Brokers$78.5B

Jul24Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Aon plc is a leading global professional services firm that provides a range of risk, retirement, and health solutions. Operating in the financial sector, Aon plays a crucial role in the insurance brokerage industry, helping businesses manage risks and optimize their insurance coverage.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of Aon's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects Aon's ability to attract new clients and retain existing ones, which is vital for its 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, beating expectations by 2.37%. However, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Continue focusing on expanding client services.
Enhance digital solutions to improve customer experience.
Maintain a strong commitment to risk management strategies.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Aon's upcoming earnings, given its history of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Aon can deliver strong EPS and demonstrate solid revenue growth, it could reinforce investor confidence and drive the stock higher.

Bear Case

Conversely, if Aon fails to meet expectations or provides weak guidance, it may lead to a sell-off, especially given the recent mixed performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2 2026?

Aon's EPS performance is critical for investor confidence, especially given its recent history of beating estimates.

How is Aon addressing client retention and revenue growth?

Understanding Aon's strategies for maintaining client relationships and driving revenue will be key to assessing its future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Aon's ability to leverage its digital solutions for growth, especially in a competitive market.

Supporting Evidence

Aon's recent investments in technology could lead to improved client acquisition and retention.

The options market is pricing in a larger move than historical averages, indicating potential for a significant surprise.

Key Risk

If Aon's EPS falls below $6.30, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus will be on Aon's ability to sustain its earnings momentum and address any concerns regarding revenue growth.

Bull Confirmed If

An EPS of $6.60 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $6.30 could signal potential issues with 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 investors 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 expectations, history suggests a potential stock increase of around +2.52%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react neutrally or slightly down.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of around +0.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new client acquisitions and retention strategies.
2Any commentary on the impact of market conditions on revenue.
3Insights into Aon's digital transformation efforts.
4Details on cost management and operational efficiency.
5Management's outlook for the remainder of 2026.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of Aon's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects Aon's ability to attract new clients and retain existing ones, which is vital for its 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, beating expectations by 2.37%. However, revenue figures were not disclosed, leading to a slight decline in stock price the following day.

Management Promises & Guidance

Continue focusing on expanding client services.
Enhance digital solutions to improve customer experience.
Maintain a strong commitment to risk management strategies.

Expectations

Wall Street Expectations

Overall, the market is cautiously optimistic about Aon's upcoming earnings, given its history of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Aon can deliver strong EPS and demonstrate solid revenue growth, it could reinforce investor confidence and drive the stock higher.

Bear Case

Conversely, if Aon fails to meet expectations or provides weak guidance, it may lead to a sell-off, especially given the recent mixed performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2 2026?

Aon's EPS performance is critical for investor confidence, especially given its recent history of beating estimates.

How is Aon addressing client retention and revenue growth?

Understanding Aon's strategies for maintaining client relationships and driving revenue will be key to assessing its future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Aon's ability to leverage its digital solutions for growth, especially in a competitive market.

Supporting Evidence

Aon's recent investments in technology could lead to improved client acquisition and retention.

The options market is pricing in a larger move than historical averages, indicating potential for a significant surprise.

Key Risk

If Aon's EPS falls below $6.30, it could challenge the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus will be on Aon's ability to sustain its earnings momentum and address any concerns regarding revenue growth.

Bull Confirmed If

An EPS of $6.60 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $6.30 could signal potential issues with 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 investors 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 expectations, history suggests a potential stock increase of around +2.52%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may react neutrally or slightly down.

Miss

A miss could lead to a decline in stock price, with historical data suggesting an average drop of around +0.02%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new client acquisitions and retention strategies.
2Any commentary on the impact of market conditions on revenue.
3Insights into Aon's digital transformation efforts.
4Details on cost management and operational efficiency.
5Management's outlook for the remainder of 2026.