Aon annual net debt
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Aon Net Debt Growth & History (AON)
Aon's net debt was $14.88B for fiscal 2025.
View full Aon company overviewAon annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $14.88B | −$1.93B | −11.49% |
| 2024 | 2024-12-31 | $16.81B | $5.55B | +49.34% |
| 2023 | 2023-12-31 | $11.25B | $267.0M | +2.43% |
| 2022 | 2022-12-31 | $10.99B | $1.11B | +11.22% |
| 2021 | 2021-12-31 | $9.88B | $1.84B | +22.86% |
| 2020 | 2020-12-31 | $8.04B | $262.0M | +3.37% |
| 2019 | 2019-12-31 | $7.78B | $2.19B | +39.21% |
| 2018 | 2018-12-31 | $5.59B | $378.0M | +7.26% |
| 2017 | 2017-12-31 | $5.21B | −$569.0M | −9.85% |
| 2016 | 2016-12-31 | $5.78B | $463.0M | +8.71% |
| 2015 | 2015-12-31 | $5.32B | $108.0M | +2.07% |
| 2014 | 2014-12-31 | $5.21B | $1.30B | +33.13% |
| 2013 | 2013-12-31 | $3.91B | $38.0M | +0.98% |
| 2012 | 2012-12-31 | $3.87B | −$346.0M | −8.20% |
| 2011 | 2011-12-31 | $4.22B | $60.0M | +1.44% |
| 2010 | 2010-12-31 | $4.16B | $2.37B | +132.27% |
| 2009 | 2009-12-31 | $1.79B | $396.0M | +28.39% |
| 2008 | 2008-12-31 | $1.40B | — | — |
Aon quarterly net debt
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q4.12
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Q4.17
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Q3.19
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Q2.20
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Q3.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.63B | −$2.35B | −13.84% |
| Q1 2026 | 2026-03-31 | $14.12B | −$3.24B | −18.66% |
| Q4 2025 | 2025-12-31 | $14.88B | −$1.93B | −11.49% |
| Q3 2025 | 2025-09-30 | $16.35B | −$353.0M | −2.11% |
| Q2 2025 | 2025-06-30 | $16.98B | −$357.0M | −2.06% |
| Q1 2025 | 2025-03-31 | $17.36B | $1.21B | +7.52% |
| Q4 2024 | 2024-12-31 | $16.81B | $5.55B | +49.34% |
| Q3 2024 | 2024-09-30 | $16.70B | $5.60B | +50.47% |
| Q2 2024 | 2024-06-30 | $17.34B | $6.27B | +56.67% |
| Q1 2024 | 2024-03-31 | $16.14B | $5.21B | +47.59% |
| Q4 2023 | 2023-12-31 | $11.25B | $267.0M | +2.43% |
| Q3 2023 | 2023-09-30 | $11.10B | $263.0M | +2.43% |
| Q2 2023 | 2023-06-30 | $11.07B | $676.0M | +6.50% |
| Q1 2023 | 2023-03-31 | $10.94B | $471.0M | +4.50% |
| Q4 2022 | 2022-12-31 | $10.99B | $1.11B | +11.22% |
| Q3 2022 | 2022-09-30 | $10.84B | $2.23B | +25.87% |
| Q2 2022 | 2022-06-30 | $10.39B | $3.36B | +47.73% |
| Q1 2022 | 2022-03-31 | $10.47B | $3.18B | +43.58% |
| Q4 2021 | 2021-12-31 | $9.88B | $1.84B | +22.86% |
| Q3 2021 | 2021-09-30 | $8.61B | $796.0M | +10.19% |
| Q2 2021 | 2021-06-30 | $7.04B | −$1.17B | −14.22% |
| Q1 2021 | 2021-03-31 | $7.29B | −$1.04B | −12.50% |
| Q4 2020 | 2020-12-31 | $8.04B | $262.0M | +3.37% |
| Q3 2020 | 2020-09-30 | $7.81B | −$205.0M | −2.56% |
| Q2 2020 | 2020-06-30 | $8.20B | −$168.0M | −2.01% |
| Q1 2020 | 2020-03-31 | $8.33B | $1.11B | +15.34% |
| Q4 2019 | 2019-12-31 | $7.78B | $2.19B | +39.21% |
| Q3 2019 | 2019-09-30 | $8.02B | $1.94B | +31.88% |
| Q2 2019 | 2019-06-30 | $8.37B | $2.25B | +36.68% |
| Q1 2019 | 2019-03-31 | $7.22B | $1.56B | +27.64% |
| Q4 2018 | 2018-12-31 | $5.59B | $378.0M | +7.26% |
| Q3 2018 | 2018-09-30 | $6.08B | $716.0M | +13.35% |
| Q2 2018 | 2018-06-30 | $6.12B | $744.0M | +13.83% |
| Q1 2018 | 2018-03-31 | $5.66B | −$320.0M | −5.35% |
| Q4 2017 | 2017-12-31 | $5.21B | −$569.0M | −9.85% |
| Q3 2017 | 2017-09-30 | $5.36B | −$483.0M | −8.26% |
| Q2 2017 | 2017-06-30 | $5.38B | −$513.0M | −8.71% |
| Q1 2017 | 2017-03-31 | $5.98B | −$321.0M | −5.10% |
| Q4 2016 | 2016-12-31 | $5.78B | $463.0M | +8.71% |
| Q3 2016 | 2016-09-30 | $5.85B | −$36.0M | −0.61% |
| Q2 2016 | 2016-06-30 | $5.89B | $31.0M | +0.53% |
| Q1 2016 | 2016-03-31 | $6.30B | $830.0M | +15.17% |
| Q4 2015 | 2015-12-31 | $5.32B | $108.0M | +2.07% |
| Q3 2015 | 2015-09-30 | $5.88B | $573.0M | +10.79% |
| Q2 2015 | 2015-06-30 | $5.86B | $134.0M | +2.34% |
| Q1 2015 | 2015-03-31 | $5.47B | $861.0M | +18.68% |
| Q4 2014 | 2014-12-31 | $5.21B | $1.30B | +33.13% |
| Q3 2014 | 2014-09-30 | $5.31B | $1.12B | +26.74% |
| Q2 2014 | 2014-06-30 | $5.73B | $1.55B | +37.24% |
| Q1 2014 | 2014-03-31 | $4.61B | $445.0M | +10.69% |
| Q4 2013 | 2013-12-31 | $3.91B | $38.0M | +0.98% |
| Q3 2013 | 2013-09-30 | $4.19B | $77.0M | +1.87% |
| Q2 2013 | 2013-06-30 | $4.17B | −$31.0M | −0.74% |
| Q1 2013 | 2013-03-31 | $4.16B | $33.0M | +0.80% |
| Q4 2012 | 2012-12-31 | $3.87B | −$346.0M | −8.20% |
| Q3 2012 | 2012-09-30 | $4.11B | −$171.0M | −3.99% |
| Q2 2012 | 2012-06-30 | $4.20B | −$27.0M | −0.64% |
| Q1 2012 | 2012-03-31 | $4.13B | −$98.0M | −2.32% |
| Q4 2011 | 2011-12-31 | $4.22B | $60.0M | +1.44% |
| Q3 2011 | 2011-09-30 | $4.28B | $862.0M | +25.20% |
| Q2 2011 | 2011-06-30 | $4.23B | $2.52B | +147.28% |
| Q1 2011 | 2011-03-31 | $4.23B | $2.55B | +152.48% |
| Q4 2010 | 2010-12-31 | $4.16B | $2.37B | +132.27% |
| Q3 2010 | 2010-09-30 | $3.42B | $1.99B | +139.23% |
| Q2 2010 | 2010-06-30 | $1.71B | $318.0M | +22.83% |
| Q1 2010 | 2010-03-31 | $1.68B | — | — |
| Q4 2009 | 2009-12-31 | $1.79B | $396.0M | +28.39% |
| Q3 2009 | 2009-09-30 | $1.43B | — | — |
| Q2 2009 | 2009-06-30 | $1.39B | — | — |
| Q4 2008 | 2008-12-31 | $1.40B | — | — |
Aon net debt trends
Over the last five fiscal years, Aon's net debt increased from $8.04B to $14.88B, a change of $6.83B. The latest reported quarter, Q2 2026, shows $14.63B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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