Earnings Call
Jul 29, 2026
Q2 FY2026
EPS Estimate
3.80
EPS Actual
3.81
Post-Earnings Close
$377.16
Earnings Reaction
-1.1%
Aon's second quarter 2026 results demonstrated the durability of a business model built around integrated risk and human capital solutions, with 5% organic revenue growth across all four solution lines, 70 basis points of adjusted operating margin expansion to 28.9%, and adjusted EPS of $3.81, up 9% year-over-year. Total revenue came in at approximately $4.2 billion. The breadth of the growth is notable: commercial risk, reinsurance, health solutions, and wealth each delivered exactly 5% organic growth, reflecting a diversified engine rather than reliance on any single segment or pricing tailwind. New business contributed 10 points to organic growth for the ninth consecutive quarter in the nine-to-eleven-point range, underscoring the structural consistency of Aon's revenue generation.
Report generated on Jul 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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