Aon Q3 FY2026: 6.0% organic growth, adjusted EPS up 10.0%
Aon grew organically at 6.0% in the September quarter, yet GAAP operating income slipped 1.0% and adjusted EPS of $3.36 effectively matched the $3.357 consensus. Read it as a solid operating quarter wrapped around a balance sheet that just doubled its long-term debt to $26.32 billion to fund the pending USI deal. Revenue added $104 million year over year while divestitures trimmed 3.0% from reported growth.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $2.23 rose 6.0%, and adjusted EPS of $3.36 rose 10.0%, helped by 70 basis points of adjusted margin expansion and 3.7 million fewer diluted shares. Strip the $0.02 currency tailwind and adjusted EPS still lands almost exactly on the $3.357 consensus, so this is a clean quarter rather than a beat.
Reported revenue rose 3.0% to $4.10 billion from $4.00 billion, but the headline understates the business: organic growth was 6.0% and divestitures, mainly the NFP Wealth and Stroz Friedberg sales, subtracted 3.0%. Risk Capital did the work at $2.68 billion, up 6.0%, while Human Capital fell 4.0% to $1.42 billion on the same divestiture effect.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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