Aon plc (AON): Q1 2026 Earnings Preview – +12% EPS Growth Expected
Key Takeaways
- Analysts expect Q1 2026 adjusted EPS (earnings per share) of $6.35, reflecting about 12% year-over-year growth from $5.67 in Q1 2025.
- Consensus revenue estimate stands at $4.98 billion, implying roughly 5% growth versus $4.73 billion last year.
- Investors will watch organic revenue growth, forecasted around 5-6%, consistent with Q4 2025's 5% rate.
- Aon has delivered EPS beats in three of the past four quarters, with an average surprise of nearly 1%.
- Key focus areas include margin expansion in Risk and Health Solutions amid softer Wealth trends.
- No formal Q1 guidance issued; full-year 2026 revenue consensus at $18 billion, up 4.8%.
Earnings Context and Why It Matters
Aon plc (AON), a global leader in risk management and human capital solutions, reports first-quarter 2026 results on May 1, ahead of its final year in the 3x3 growth plan. In my view, this earnings release will help gauge whether the sustained momentum from 2025's 6% organic revenue growth and 9% total revenue increase to $17.2 billion carries forward. Amid stabilizing insurance markets and geopolitical risks, investors are seeking confirmation of brokerage resilience, segment balance, and free cash flow progress. With shares down modestly year-to-date, a strong report could reinforce AON's premium valuation in professional services.
Earnings Expectations
Wall Street anticipates first-quarter revenue of $4.98 billion, a 5.2% rise from $4.73 billion in the year-ago period, driven by organic growth in Commercial Risk Solutions and Reinsurance Solutions. Adjusted EPS consensus is $6.35, up 12% from $5.67, supported by operating leverage and share repurchases. Key metrics to monitor include organic growth (excluding M&A—mergers and acquisitions—and currency effects), adjusted operating margin (targeting further expansion from Q4 2025's 28.1%), and free cash flow conversion.
Historically, AON beat EPS estimates in Q4 2025 ($4.85 vs. $4.75), Q3, and Q1 2025, though Q2 missed slightly. Revenue has grown steadily, but Q4 2025 came in below expectations at $4.30 billion versus $4.38 billion forecast. The stock rose 3% post-Q4 on the EPS beat despite the revenue shortfall. No specific Q1 guidance was provided, but the company affirmed entering 2026 with momentum. I also checked these figures using Tickeron’s AI Screener to see how AON stacks up against industry peers.
Market Reaction and Investor Sentiment
Heading into earnings, sentiment is cautiously optimistic, with analysts maintaining a Strong Buy rating overall. AON's track record of EPS beats supports upside potential, but recent share weakness (down ~3-9% over short periods) reflects concerns over Wealth Solutions softness and valuation at ~19x trailing EPS. Key risks include slower organic growth or margin pressure from investments. Historically, post-earnings moves average 3-5%, with beats driving gains. One thing that stands out to me is how resilient the brokerage demand has been so far.
Tools I Use: Tickeron’s AI Screener
In my research process, I frequently turn to Tickeron’s AI Screener, an AI-powered stock and ETF discovery tool that helps filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. It allows me to scan thousands of stocks and ETFs with customizable filters like industry, market cap, technical indicators, price patterns, and performance metrics—making it far more efficient than manual screening for spotting trade ideas, trending stocks, breakout candidates, and opportunities. I’ve found it particularly useful for stocks like AON to quickly identify comparables and potential edges.
Forward Outlook and Key Factors to Monitor
Post-Q1, attention will shift to any full-year 2026 guidance within the 3x3 plan, targeting sustainable growth, margin gains, and capital returns. Consensus sees revenue at $18 billion (4.8% up) and EPS expansion of ~6% annually. I’m watching this closely, especially segment dynamics: Risk Solutions (over 70% of revenue) benefits from stable P&C (property & casualty) capacity, while Health Solutions eyes medical cost trends (forecast 9.8% global rise). Wealth may lag due to pension risk transfer moderation. Free cash flow, up 14% to $3.2 billion in 2025, remains critical for $1.6 billion in returns.
Broader catalysts include M&A activity, reinsurance renewals, and macroeconomic volatility impacting demand. Investors should track updates on these amid resilient brokerage demand. From what I see, this positions AON well for continued progress.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Financial writer and active order flow futures trader with a focus on fundamental analysis, macroeconomic factors, and equity research. I make in-depth blogs on stocks and ETFs, bridging the gap between raw market data and real-world trading decisions.
AON's RSI Indicator ascends from oversold territory
The RSI Indicator for AON moved out of oversold territory on October 08, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 31 similar instances when the indicator left oversold territory. In 21 of the 31 cases the stock moved higher. This puts the odds of a move higher at 68%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 29 of 53 cases where AON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 55%.
The Momentum Indicator moved above the 0 level on October 12, 2026. You may want to consider a long position or call options on AON as a result. In 49 of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 52%.
The Moving Average Convergence Divergence (MACD) for AON just turned positive on October 06, 2026. Looking at past instances where AON's MACD turned positive, the stock continued to rise in 24 of 45 cases over the following month. The odds of a continued upward trend are 53%.
Following a +1.69% 3-day Advance, the price is estimated to grow further. Considering data from situations where AON advanced for three days, in 153 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 47%.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AON declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
The Aroon Indicator for AON entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 23 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating fairly steady price growth. AON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 90 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.013) is normal, around the industry mean (6.334). P/E Ratio (15.000) is within average values for comparable stocks, (32.709). Projected Growth (PEG Ratio) (2.134) is also within normal values, averaging (8.322). Dividend Yield (0.012) settles around the average of (0.010) among similar stocks. P/S Ratio (3.687) is also within normal values, averaging (2.968).
The Tickeron PE Growth Rating for this company is 91 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AON’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a provider of insurance brokerage, risk management and human capital consulting services
Industry InsuranceBrokersServices
Advertisement