Aon Q3 revenue tops estimates on commercial risk unit strength
AON•Aon reported third-quarter revenue of $4.10 billion, slightly above estimates, and adjusted EPS of $3.36, beating estimates. Organic revenue grew 6%, and the company expects the USI acquisition to close in Q4 2026.
1. Quarterly results
Aon’s third-quarter revenue rose 3% to $4.10 billion, compared with analyst expectations of $4.08 billion. Adjusted EPS was $3.36, above the $3.32 consensus, while organic revenue growth was 6%.
2. Growth and outlook
Commercial Risk growth was driven by net new business and strong retention, with notable growth in M&A services, U.S. core property and casualty, and construction. Reinsurance growth reflected strong treaty placements, net new business, strong retention, and a reversal of a prior-period revenue constraint; Health Solutions growth came from core health and benefits, especially international markets, and talent analytics. Aon expects the USI acquisition to close in Q4 2026 and said it enters the quarter with momentum, expecting strong full-year financial performance.
