AON Class A Aon plc Class A Ordinary Shares (Ireland)
NYSE · Insurance · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026AON Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| May 18, 1999 | 3-for-2 | Forward |
| May 15, 1997 | 3-for-2 | Forward |
| May 17, 1994 | 3-for-2 | Forward |
| May 27, 1987 | 2-for-1 | Forward |
About Aon plc Class A Ordinary Shares (Ireland) Company overview from Wikipedia
Aon plc (English: ) is an international professional services firm. It has two divisions: Risk Capital (67% of 2024 revenues), which provides brokerage and consulting services for risk management, insurance and reinsurance, and Human Capital (33% of 2024 revenues), which provides services related to health insurance, retirement plans, pension plans, and talent advisory.
It is the second-largest insurance broker in the world and is ranked 300th on the Fortune 500 and 388th on the Forbes Global 2000.
Founded in Chicago by Patrick Ryan, Aon was created in 1982 when the Ryan Insurance Group merged with the Combined Insurance Company of America under W. Clement Stone. In 1987, the holding company was renamed Aon, derived from aon, a Gaelic word meaning "one". The company's corporate headquarters is based in Dublin, while its global operations are based in London. It also maintains a major North American operational presence at the Aon Center in Chicago.
History
W. Clement Stone's mother bought a small Detroit insurance agency, and in 1918 brought her son into the business. Mr. Stone sold low-cost, low-benefit accident insurance, underwriting and issuing policies on-site. The next year he founded his own agency, the Combined Registry Co.
As the Great Depression began, Stone reduced his workforce and improved training. Forced by his son's respiratory illness to winter in the South, Stone moved to Arkansas and Texas. In 1939 he bought American Casualty Insurance Co. of Dallas, Texas. It was consolidated with other purchases as the Combined Insurance Co. of America in 1947. The company continued through the 1950s and 1960s, continuing to sell health and accident policies. In the 1970s, Combined expanded overseas despite being hit hard by the recession.
In 1982, after 10 years of stagnation under Clement Stone Jr., the elder Stone, then 79, resumed control until the completion of a merger with Ryan Insurance Co. allowed him to transfer control to Patrick Ryan. Ryan, the son of a Ford dealer in Wisconsin and a graduate of Northwestern University, had started his company as an auto credit insurer in 1964. In 1976, the company bought the insurance brokerage units of the Esmark conglomerate. Ryan focused on insurance brokering and added more upscale insurance products. He also trimmed staff and took other cost-cutting measures, and in 1987 he changed Combined's name to Aon. In 1992, he bought Dutch insurance broker Hudig-Langeveldt. In 1995, the company sold its remaining direct life insurance holdings to General Electric to focus on consulting.
In June 1995, Aon acquired the Garden City based travel insurance firm Berkely Arm, Inc (also known as BerkelyCare Ltd. and The Berkely Group), known for providing travel insurance offerings to cruise lines and tour operators in the United States. This division eventually became known as Aon Affinity Travel Practice.
Aon built a global presence through purchases. In 1996, Aon purchased insurance broker Bain Hogg, the largest insurance brokerage in Britain and the 11th largest in the world, from Inchcape for $253 million (£160 million), Aon was the second largest insurance broker in the world before the transaction. The deal provided Aon a platform to expand in Europe, the Far East, Latin America, the Caribean and Africa. In 1997, the company bought the Minet Group, as well as the insurance brokerage A&A Services, Inc., founded by Alexander Howden in the late 19th century. It was then that insurance broker David Howden reclaimed the family brand name for the Howden Group. That same year, it claimed to become the largest insurance brokerage in Singapore. These transactions made Aon (temporarily) the largest insurance broker worldwide. The firm made no US buys in 1998, but doubled its employee base with purchases including Spain's largest retail insurance broker, Gil y Carvajal, and the formation of Aon Korea.
Responding to industry demands, Aon announced its new fee disclosure policy in 1999, and the company reorganised to focus on buying personal line insurance firms and to integrate its acquisitions. That year it bought Nikols Sedgwick Group, an Italian insurance firm, and formed RiskAttack (with Zurich US), a risk analysis and financial management concern aimed at technology companies. The cost of integrating its numerous purchases, however, hammered profits in 1999.
21st century
Despite its troubles, in 2000 Aon bought Reliance Group's accident and health insurance business, as well as Actuarial Sciences Associates, a compensation and employee benefits consulting company. Later in that year, however, the company decided to cut 6% of its workforce as part of a restructuring effort. In 2003, the company saw revenues increase primarily because of rate hikes in the insurance industry. Also that year, Endurance Specialty, a Bermuda-based underwriting operation that Aon helped to establish in November 2001 along with other investors, went public. The next year Aon sold most of its holdings in Endurance.
Aon's New York offices were on the 92nd and 98th–105th floors of the South Tower of the World Trade Center at the time of the September 11 attacks. When the North Tower was struck by American Airlines Flight 11 at 8:46 a.m., an evacuation of Aon's offices was quickly initiated by executive Eric Eisenberg, and 924 of the estimated 1,100 Aon employees present at the time managed to get below the 77th floor before United Airlines Flight 175 crashed between Floors 77 and 85 at 9:03 a.m. Many, however, did not manage to get beneath in the 17 minutes they had between the two impacts. As a result, 176 employees of Aon were killed in the crash or died in the eventual collapse of the tower or from smoke inhalation. At 9:59 a.m., the tower collapsed, killing any survivors still within, including Eisenberg and Kevin Cosgrove.
In 2004–2005, Aon, along with other brokers including Marsh & McLennan and Willis, fell under regulatory investigation under New York Attorney General Eliot Spitzer and other state attorneys general. At issue was the practice of insurance companies' payments to brokers known as contingent commissions. The payments were thought to bring a conflict of interest, swaying broker decisions on behalf of carriers, rather than customers. In the spring of 2005, without acknowledging any wrongdoing, Aon agreed to a $190 million settlement, payable over 30 months.
In the late 2007, Aon divested its two major underwriting subsidiaries: Combined Insurance Company of America (acquired by ACE Limited for $2.4 billion) and Sterling Life Insurance Company (purchased by Munich Re Group for $352 million) sold due to their low margin and capital-intensive nature.
In November 2008, Aon acquired reinsurance intermediary and capital advisor Benfield Group Limited for $1.75 billion. The acquisition amplified the firm's broking capabilities, positioning Aon one of the largest players in the reinsurance brokerage industry.
In 2010, Aon acquired Hewitt Associates for $4.9 billion. Aside from drastically boosting Aon's human resources consulting capacity and entering the firm into the business process outsourcing industry, the move added 23,000 colleagues and more than $3 billion in revenue.
In January 2012, Aon announced that its headquarters would be moved to London, although North American operations and jobs remained in Chicago.
In February 2017, Aon sold its employee benefits outsourcing business to private equity firm The Blackstone Group for US$4.8 billion (£3.8 billion).
In February 2020, Aon named Eric Andersen as president of Aon.
In 2021, Aon agreed to merge with Willis Towers Watson; the merger agreement was terminated due to regulatory concerns.
Legal issues
UK regulatory breach
In January 2009, Aon was fined £5.69 million in the UK by the Financial Services Authority, who stated that the fine related to the company's inadequate bribery and corruption controls, claiming that between 14 January 2005 and 30 September 2007 Aon had failed to properly assess the risks involved in its dealings with overseas firms and individuals. The Authority did not find that any money had actually made its way to illegal organisations. Aon qualified for a 30% discount on the fine as a result of its cooperation with the investigation. Aon said its conduct was not deliberate, adding it had since "significantly strengthened and enhanced its controls around the usage of third parties".
US Foreign Corrupt Practices Act violations
In December 2011, Aon Corporation paid a $16.26 million penalty to the U.S. Securities and Exchange Commission and the U.S. Department of Justice for violations of the US Foreign Corrupt Practices Act.
According to the Securities and Exchange Commission, Aon's subsidiaries made improper payments of over $3.6 million to government officials and third-party facilitators in Costa Rica, Egypt, Vietnam, Indonesia, the United Arab Emirates, Myanmar and Bangladesh, between 1983 and 2007, to obtain and retain insurance contracts.
Major acquisitions
In January 2007, Aon announced that its Aon Affinity group had acquired the WedSafe Wedding Insurance program.
In August 2008, Aon announced that it had acquired London-based Benfield Group. The acquiring price was US$1.75 billion or £935 million, with US$170 million of debt.
In March 2010, Hewitt Associates announced that it acquired Senior Educators Ltd. The acquisition offers companies a new way to address retiree medical insurance commitments.
In July 2010, Aon announced that it had agreed to buy Lincolnshire, Illinois-based Hewitt Associates for $4.9 billion in cash and stock.
In April 2011, Aon announced that it had acquired Johannesburg, South Africa-based Glenrand MIB.
In July 2011, Aon announced that it bought Westfield Financial, the owner of insurance-industry consulting firm Ward Financial Group, from Ohio Farmers Insurance Co.
In October 2012, Aon announced that it agreed to buy OmniPoint, Inc, a Workday consulting firm. Financial terms were not disclosed.
In June 2014, Aon announced that it agreed to buy National Flood Services, Inc., a large processor of flood insurance, from Stoneriver Group, L.P.
In October 2016, Aon's Aon Risk Solutions acquired Stroz Friedberg LLC, a specialised risk management firm focusing on cybersecurity.
In November 2016, Aon acquired CoCubes an online Indian Assessment firm, facilitating hiring of entry-level engineering graduates.
In February 2017, Aon plc agreed to sell its human resources outsourcing platform for US$4.8 billion (£3.8 billion) to Blackstone Group L.P. (BX.N), creating a new company called Alight Solutions.
In September 2017, Aon announced its intent to purchase real estate investment management firm The Townsend Group from Colony NorthStar for $475 million, expanding Aon's property investment management portfolio.
In December 2023, Aon agreed to acquire NFP, a middle-market provider of risk, benefits, wealth and retirement plan advisory services company, for $13.4 billion.
In March 2024, Aon plc acquired the technology assets and intellectual property of Humn.ai, an AI-powered platform. This will enhance its commercial fleet proposition.
Sponsorship of Manchester United
In June 2009, Aon signed a four-year shirt sponsorship deal with Manchester United F.C.. On 1 June 2010, Aon replaced American International Group as the principal sponsor of the club. The Aon logo was prominently displayed on the front of the club's shirts until the 2014/2015 season when Aon was replaced by Chevrolet. The deal was said to be worth £80 million over four years, replacing United's deal with AIG as the most lucrative shirt deal in history at the time.
From 2013 to 2021 Aon owned the naming rights to the Trafford Training Centre and sponsored the club's training kits, reportedly worth £180 million to the club.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 14.95Y avg ≈30.3 | ≈30.3 | · | · | |
| PEG Ratio | ≈1.0 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 26.5%5Y avg ≈24.1% | ≈24.1% | · | · | |
| EBITDA Margin | 25.3%5Y avg ≈24.1% | ≈24.1% | · | · | |
| Pretax Margin (TTM) | 28.9%5Y avg ≈22.7% | ≈22.7% | · | · | |
| Net Profit Margin (TTM) | 22.3%5Y avg ≈17.4% | ≈17.4% | · | · | |
| ROA (TTM) | 7.3%5Y avg ≈6.4% | ≈6.4% | · | · | |
| ROE (TTM) | 44.9%5Y avg ≈294.1% | ≈294.1% | · | · | |
| ROIC | 14.3%5Y avg ≈19.0% | ≈19.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.35Y avg ≈-1.6 | ≈-1.6 | · | · | |
| Current Ratio (MRQ) | 1.05Y avg ≈1.0 | ≈1.0 | · | · | |
| Quick Ratio (MRQ) | 0.25Y avg ≈0.2 | ≈0.2 | · | · | |
| Long-Term Debt / Equity (MRQ) | 1.35Y avg ≈-1.6 | ≈-1.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.4%5Y avg ≈9.3% | ≈9.3% | · | · | |
| Revenue CAGR 3Y | 11.2%5Y avg ≈8.9% | ≈8.9% | · | · | |
| Revenue CAGR 5Y | 9.2% | · | · | · | |
| EPS YoY | 36.3%5Y avg ≈24.7% | ≈24.7% | · | · | |
| Net Income YoY | 39.2%5Y avg ≈22.4% | ≈22.4% | · | · | |
| EPS CAGR 3Y | 11.9%5Y avg ≈19.0% | ≈19.0% | · | · | |
| EPS CAGR 5Y | 15.0% | · | · | · | |
| Net Income CAGR 3Y | 12.6%5Y avg ≈16.7% | ≈16.7% | · | · | |
| Net Income CAGR 5Y | 13.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AON | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.4 | ≈0.4 | · | · | |
| Receivables Turnover | 4.35Y avg ≈4.2 | ≈4.2 | · | · | |
| Revenue / Employee | ≈$286.4K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 3, 2026 | $0.82 | USD | ≈0.46% |
| May 1, 2026 | $0.82 | USD | ≈0.26% |
| Aug 1, 2025 | $0.75 | USD | ≈0.80% |
| May 1, 2025 | $0.75 | USD | ≈0.79% |
| Feb 3, 2025 | $0.68 | USD | ≈0.72% |
| Nov 1, 2024 | $0.68 | USD | ≈0.72% |
| Aug 1, 2024 | $0.68 | USD | ≈0.79% |
| Apr 30, 2024 | $0.68 | USD | ≈0.89% |
| Jan 31, 2024 | $0.62 | USD | ≈0.82% |
| Oct 31, 2023 | $0.62 | USD | ≈0.78% |
| Jul 31, 2023 | $0.62 | USD | ≈0.74% |
| Apr 28, 2023 | $0.62 | USD | ≈0.71% |
| Jan 31, 2023 | $0.56 | USD | ≈0.70% |
| Oct 31, 2022 | $0.56 | USD | ≈0.78% |
| Jul 29, 2022 | $0.56 | USD | ≈0.74% |
| Apr 29, 2022 | $0.56 | USD | ≈0.73% |
| Jan 31, 2022 | $0.51 | USD | ≈0.74% |
| Oct 29, 2021 | $0.51 | USD | ≈0.62% |
| Jul 30, 2021 | $0.51 | USD | ≈0.75% |
| Apr 30, 2021 | $0.51 | USD | ≈0.74% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 23, 2026 | $3.81 | $3.84 | -0.78% |
| March 31, 2026 | $6.48 | $6.46 | 0.29% | |
| Dec. 31, 2025 | $4.85 | $4.78 | 1.4% | |
| Sept. 30, 2025 | $3.05 | $2.94 | 3.7% | |
| June 30, 2025 | $3.49 | $3.43 | 1.6% | |
| March 31, 2025 | $5.67 | $6.08 | -6.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.18B | $15.70B | $13.38B | $12.48B | $12.19B | $11.07B | $11.01B | $10.77B | $10.00B | $9.41B | $9.48B | $12.04B | |
| Operating Expenses | $12.84B | $11.86B | $9.59B | $8.81B | $10.10B | $8.29B | $8.84B | $9.23B | $8.93B | $7.60B | $7.89B | $10.08B | |
| Operating Income | $4.34B | $3.83B | $3.79B | $3.67B | $2.09B | $2.78B | $2.17B | $1.54B | $1.06B | $1.81B | $1.59B | $1.97B | |
| Interest Expense | · | · | $484M | $406M | $322M | $334M | $307M | $278M | $282M | $282M | $273M | $255M | |
| Other Non-op | $1.21B | $348M | $-163M | $-125M | $152M | $13M | $0 | $-25M | $-125M | $-137M | $-1M | $5M | |
| Pretax Income | $4.76B | $3.46B | $3.17B | $3.16B | $1.93B | $2.47B | $1.87B | $1.25B | $685M | $1.40B | $1.43B | $1.76B | |
| Income Tax | $1.01B | $742M | $541M | $510M | $623M | $448M | $297M | $146M | $250M | $148M | $175M | $334M | |
| Net Income | $3.69B | $2.65B | $2.56B | $2.59B | $1.25B | $1.97B | $1.53B | $1.17B | $1.26B | $1.43B | $1.42B | $1.43B | |
| EPS (Basic) | $17.11 | $12.55 | $12.60 | $12.23 | $5.59 | $8.49 | $6.42 | $4.62 | $4.74 | $5.21 | $4.93 | $4.73 | |
| EPS (Diluted) | $17.02 | $12.49 | $12.51 | $12.14 | $5.55 | $8.45 | $6.37 | $4.59 | $4.70 | $5.16 | $4.88 | $4.66 | |
| Shares (Basic) | 215,900,000 | 211,400,000 | 203,500,000 | 211,700,000 | 224,700,000 | 231,900,000 | 238,600,000 | 245,200,000 | 258,500,000 | 268,100,000 | 280,800,000 | 295,500,000 | |
| Shares (Diluted) | 217,100,000 | 212,500,000 | 205,000,000 | 213,200,000 | 226,100,000 | 233,100,000 | 240,600,000 | 247,000,000 | 260,700,000 | 270,300,000 | 283,800,000 | 299,600,000 | |
| EBITDA | $4.34B | $3.83B | · | $3.67B | $2.09B | $2.78B | $2.17B | $1.72B | $1.17B | $2.14B | $2.08B | $2.21B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.20B | $1.08B | $778M | $690M | $544M | $884M | $790M | $656M | $756M | $426M | $384M | $374M | |
| Short-term Investments | $1.60B | $219M | $369M | $452M | $292M | $308M | $138M | $172M | $529M | $290M | $356M | $394M | |
| Receivables | $4.21B | $3.80B | $3.25B | $3.04B | $3.09B | $3.07B | $3.11B | $2.76B | $2.48B | $2.11B | $2.56B | $2.81B | |
| Prepaid Expense | $136M | $135M | $100M | $109M | $137M | $111M | $97M | $97M | $126M | $102M | $130M | $164M | |
| Other Current Assets | $878M | $759M | $996M | $646M | $716M | $624M | $602M | $618M | $289M | $247M | $329M | $602M | |
| Current Assets | $25.77B | $23.43B | $21.70B | $20.72B | $19.03B | $18.68B | $16.48B | $14.37B | $13.68B | $13.15B | $13.56B | $15.82B | |
| PP&E (Net) | $702M | $637M | $638M | $558M | $529M | $599M | $621M | $588M | $564M | $550M | $765M | $765M | |
| PP&E (Gross) | $2.35B | $2.15B | $2.14B | $1.95B | $1.85B | $1.87B | $1.78B | $1.73B | $1.73B | $1.75B | $2.38B | $2.31B | |
| Accum. Depreciation | $1.65B | $1.51B | $1.50B | $1.39B | $1.32B | $1.27B | $1.16B | $1.15B | $1.17B | $1.20B | $1.62B | $1.55B | |
| Goodwill | $15.80B | $15.23B | $8.41B | $8.29B | $8.43B | $8.67B | $8.16B | $8.17B | $8.36B | $7.41B | $7.07B | $8.86B | |
| Intangibles | $5.73B | $6.74B | $234M | $447M | $492M | $640M | $783M | $1.15B | $1.73B | $1.89B | $2.18B | $2.52B | |
| Other Non-current Assets | $756M | $998M | $506M | $509M | $512M | $610M | $570M | $448M | $307M | $360M | $592M | $727M | |
| Total Assets | $50.78B | $48.97B | $33.96B | $32.70B | $31.92B | $32.11B | $29.41B | $26.42B | $26.09B | $26.61B | $26.88B | $29.77B | |
| Accounts Payable | $2.86B | $2.90B | $2.26B | $2.11B | $2.19B | $2.02B | $1.94B | $1.94B | $9.62B | $8.96B | $9.93B | $1.80B | |
| Current Liabilities | $23.23B | $23.00B | $21.65B | $20.31B | $19.07B | $17.43B | $15.57B | $13.30B | $12.76B | $12.49B | $13.09B | $15.01B | |
| Capital Leases | $641M | $685M | $641M | $693M | $772M | $897M | $944M | $169M | $153M | $136M | $166M | $184M | |
| Deferred Tax | $340M | $319M | $115M | $99M | $401M | $262M | $199M | $181M | $127M | $101M | $37M | $313M | |
| Other Non-current Liabilities | $1.28B | $1.14B | $1.07B | $1.02B | $910M | $895M | $877M | $1.10B | $1.10B | $719M | $769M | $874M | |
| Total Liabilities | $41.24B | $42.53B | $34.70B | $33.13B | $30.76B | $28.53B | $25.96B | $22.20B | $21.44B | $21.08B | $20.82B | $23.14B | |
| Long-term Debt | $15.25B | $17.02B | $11.20B | $10.77B | $9.39B | $7.73B | $7.34B | $6.24B | $5.97B | $6.21B | · | · | |
| Total Debt | $14.66B | $16.27B | · | $9.82B | $8.23B | $7.28B | $6.63B | $5.99B | $5.67B | $5.87B | $5.17B | $4.80B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | |
| Retained Earnings | $-245M | $-2.31B | $-3.40B | $-2.77B | $-1.69B | $1.04B | $1.25B | $2.09B | $2.30B | $3.81B | $4.01B | $4.61B | |
| AOCI | $-3.84B | $-4.75B | $-4.37B | $-4.62B | $-3.87B | $-3.86B | $-4.03B | $-3.91B | $-3.50B | $-3.91B | $-3.42B | $-3.13B | |
| Stockholders' Equity | $9.35B | $6.12B | $-826M | $-529M | $1.06B | $3.50B | $3.38B | $4.15B | $4.58B | $5.47B | $6.00B | $6.57B | |
| Liabilities + Equity | $50.78B | $48.97B | $33.96B | $32.70B | $31.92B | $32.11B | $29.41B | $26.42B | $26.09B | $26.61B | $26.88B | $29.77B | |
| Shares Outstanding | · | · | · | · | · | · | · | · | · | · | 269,800,000 | 280,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $176M | $187M | $162M | $164M | $242M | |
| Stock-based Comp | $432M | $474M | $438M | $397M | $449M | $312M | $317M | $338M | $319M | $306M | $320M | $328M | |
| Deferred Tax | $-141M | $-311M | $-373M | $-252M | $11M | $9M | $-36M | $-225M | $-18M | $-100M | $-166M | $-134M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | $593M | $704M | $157M | $173M | $352M | |
| Restructuring | $365M | $389M | $135M | $0 | $0 | $0 | $451M | $485M | · | · | · | · | |
| Other Non-cash | · | · | · | · | · | · | · | $223M | $-1.02B | $357M | $241M | $-225M | |
| Operating Cash Flow | $3.48B | $3.04B | $3.44B | $3.22B | $2.18B | $2.78B | $1.83B | $1.69B | $734M | $2.33B | $2.01B | $1.81B | |
| CapEx | $263M | $218M | $252M | $196M | $137M | $141M | $225M | $240M | $183M | $156M | $200M | $256M | |
| Investing Cash Flow | $286M | $-2.83B | $-188M | $-449M | $49M | $-679M | $-229M | $31M | $2.79B | $-954M | $-138M | $-545M | |
| Debt Issued | $0 | $7.93B | $744M | $1.97B | $1.50B | $991M | $6.05B | $5.75B | $1.65B | $3.47B | $5.35B | $5.24B | |
| Net Debt Issued | $-1.85B | $3.00B | · | $1.47B | $1.75B | $271M | $1.11B | $337M | $-345M | $522M | $253M | $1.32B | |
| Stock Issued | $70M | $79M | $72M | $58M | $55M | $44M | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | $2.40B | $1.26B | $1.55B | $2.25B | |
| Net Stock Activity | $70M | $79M | · | $58M | · | · | · | · | $-2.40B | $-1.26B | $-1.55B | $-2.25B | |
| Dividends Paid | $629M | $562M | $489M | $463M | $447M | $412M | $410M | $382M | $364M | $345M | $323M | $273M | |
| Financing Cash Flow | $-4.21B | $796M | $-2.87B | $-1.79B | $-1.92B | $-1.77B | $-247M | $-1.70B | $-3.27B | $-1.29B | $-1.69B | $-1.30B | |
| Net Change in Cash | $240M | $611M | $646M | $431M | $72M | $629M | $1.42B | $-100M | $325M | $47M | $10M | $-103M | |
| Taxes Paid | $1.04B | $1.05B | $740M | $546M | $412M | $455M | $353M | $337M | $1.18B | $218M | $249M | $337M | |
| Free Cash Flow | $3.22B | $2.82B | · | $3.02B | $2.04B | $2.64B | $1.61B | $1.45B | $551M | $2.10B | $1.72B | $1.39B | |
| Levered FCF | · | · | · | $2.68B | $1.83B | $2.37B | $1.35B | $1.20B | $372M | $1.86B | $1.49B | $1.18B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 25.3% | 24.4% | · | 29.4% | 17.1% | 25.1% | 19.7% | 14.3% | 9.8% | 16.4% | 15.8% | 16.3% | |
| Net Margin | 21.5% | 16.9% | · | 20.8% | 10.3% | 18.2% | 14.3% | 10.9% | 12.6% | 12.3% | 12.2% | 11.9% | |
| Pretax Margin | 27.7% | 22.1% | · | 25.3% | 15.8% | 22.3% | 17.0% | 11.6% | 6.9% | 14.3% | 14.5% | 14.6% | |
| EBITDA Margin | 25.3% | 24.4% | · | 29.4% | 17.1% | 25.1% | 19.7% | 16.0% | 11.7% | 18.4% | 17.8% | 18.3% | |
| ROA | 7.4% | 6.4% | · | 8.0% | 3.9% | 6.6% | 5.6% | 4.5% | 4.8% | 5.3% | 5.0% | 4.8% | |
| ROE | 47.8% | 100.2% | · | 973.3% | 55.1% | 58.8% | 41.8% | 26.9% | 25.1% | 24.9% | 22.4% | 19.4% | |
| ROIC | 14.3% | 13.5% | · | 33.1% | 15.2% | 21.1% | 18.2% | 13.4% | 6.1% | 14.4% | 13.8% | 14.0% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.0 | · | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | |
| Quick Ratio | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | |
| Debt / Equity | 1.6 | 2.7 | · | -18.6 | 7.8 | 2.1 | 2.0 | 1.4 | 1.2 | 1.1 | 0.8 | 0.7 | |
| LT Debt / Equity | 1.6 | 2.7 | · | -18.6 | 7.8 | 2.1 | 2.0 | 1.4 | 1.2 | 1.1 | 0.8 | 0.7 | |
| Interest Coverage | · | · | · | 9.0 | 6.5 | 8.3 | 7.1 | 5.6 | 3.5 | 6.8 | 6.8 | 7.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | · | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |
| Receivables Turnover | 4.3 | 4.4 | · | 4.1 | 4.0 | 3.6 | 3.8 | 3.9 | 4.4 | 4.5 | 4.2 | 4.2 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | · | · | · | · | · | · | · | · | · | $22.63 | $23.47 | |
| Revenue / Share | $79.14 | $73.87 | · | $58.53 | $53.93 | $47.47 | $45.77 | $43.60 | $38.35 | $43.02 | $41.16 | $40.20 | |
| Cash Flow / Share | $16.03 | $14.28 | · | $15.10 | $9.65 | $11.94 | $7.63 | $6.83 | $2.82 | $8.61 | $7.08 | $5.48 | |
| Cash / Share | · | · | · | · | · | · | · | · | · | · | $1.42 | $1.34 | |
| Dividend / Share | · | · | $2.41 | $2.19 | $1.99 | $1.78 | $1.72 | $1.56 | $1.41 | $1.29 | · | · | |
| Dividend Paid / Share | $2.91 | $2.64 | $2.41 | $2.19 | · | · | $1.72 | $1.56 | $1.41 | $1.29 | $1.15 | $0.92 | |
| EPS (TTM) | $17.02 | $12.49 | $12.51 | $12.14 | $5.55 | $8.45 | $6.37 | $4.59 | $4.70 | $5.16 | $4.88 | $4.66 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.4% | 17.4% | 7.2% | 2.4% | 10.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 11.2% | 8.8% | 6.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 36.3% | -0.16% | 3.0% | 118.7% | -34.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 11.9% | 31.1% | 14.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 15.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 39.2% | 3.5% | -0.97% | 106.3% | -36.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 12.6% | 28.4% | 9.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 8.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.18B | $15.70B | $13.38B | $12.48B | $12.19B | $11.07B | $11.01B | $10.77B | $10.00B | $9.41B | $9.48B | $12.04B | |
| Net Income TTM | $3.69B | $2.65B | $2.56B | $2.59B | $1.25B | $1.97B | $1.53B | $1.17B | $1.26B | $1.43B | $1.42B | $1.43B | |
| Market Cap | · | · | · | · | · | · | · | · | · | · | $24.88B | $26.55B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $29.31B | $30.58B | |
| P/E | 20.7 | 28.8 | 23.3 | 24.7 | 54.2 | 25.0 | 32.7 | 31.7 | 28.5 | 21.6 | 18.9 | 20.3 | |
| P/S | · | · | · | · | · | · | · | · | · | · | 2.6 | 2.2 | |
| P/B | · | · | · | · | · | · | · | · | · | · | 4.1 | 4.0 | |
| P / Cash Flow | · | · | · | · | · | · | · | · | · | · | 12.4 | 16.2 | |
| P / FCF | · | · | · | · | · | · | · | · | · | · | 14.5 | 19.2 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | 14.1 | 13.9 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | 17.1 | 22.1 | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 3.1 | 2.5 | |
| Dividend Yield | · | · | · | · | · | · | · | · | · | · | 1.3% | 1.0% | |
| Earnings Yield | 4.8% | 3.5% | 4.3% | 4.0% | 1.8% | 4.0% | 3.1% | 3.2% | 3.5% | 4.6% | 5.3% | 4.9% | |
| Payout Ratio | 17.0% | 21.2% | · | 17.9% | 35.6% | 20.4% | 26.1% | 32.5% | 28.8% | 24.1% | 22.7% | 19.1% | |
| Annual Payout | $629M | $562M | $489M | $463M | $447M | $412M | $410M | $382M | $364M | $345M | $323M | $273M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.25B | $5.03B | $4.30B | $4.00B | $4.16B | $4.73B | $4.15B | $3.72B | $3.76B | $4.07B | $3.38B | $2.95B | $3.18B | $3.87B | $3.13B | $2.70B | |
| Operating Expenses | $3.33B | $3.32B | $3.09B | $3.18B | $3.30B | $3.27B | $3.06B | $3.10B | $3.10B | $2.60B | $2.60B | $2.26B | $2.33B | $2.40B | $2.12B | $2.11B | |
| Operating Income | $915M | $1.72B | $1.21B | $816M | $859M | $1.46B | $1.09B | $623M | $656M | $1.47B | $779M | $691M | $842M | $1.47B | $1.01B | $590M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $144M | · | $119M | $130M | $111M | · | $103M | |
| Other Non-op | $-17M | $5M | $1.18B | $-13M | $56M | $-10M | $2M | $35M | $236M | $75M | $-58M | $-21M | $-59M | $-25M | $-196M | $16M | |
| Pretax Income | $724M | $1.55B | $2.21B | $597M | $703M | $1.25B | $891M | $449M | $698M | $1.42B | $609M | $560M | $658M | $1.34B | $709M | $510M | |
| Income Tax | $159M | $314M | $505M | $127M | $109M | $268M | $157M | $94M | $160M | $331M | $102M | $93M | $83M | $263M | $43M | $92M | |
| Net Income | $551M | $1.21B | $1.69B | $458M | $579M | $965M | $716M | $343M | $524M | $1.07B | $498M | $456M | $560M | $1.05B | $657M | $408M | |
| EPS (Basic) | $2.58 | $5.66 | $7.85 | $2.12 | $2.68 | $4.46 | $3.12 | $1.58 | $2.47 | $5.38 | $2.52 | $2.25 | $2.74 | $5.09 | $3.20 | $1.93 | |
| EPS (Diluted) | $2.58 | $5.63 | $7.82 | $2.11 | $2.66 | $4.43 | $3.11 | $1.57 | $2.46 | $5.35 | $2.50 | $2.23 | $2.71 | $5.07 | $3.16 | $1.92 | |
| Shares (Basic) | 213,200,000 | 214,300,000 | · | 215,700,000 | 216,200,000 | 216,400,000 | · | 217,400,000 | 212,500,000 | 199,100,000 | · | 202,900,000 | 204,700,000 | 206,100,000 | · | 210,900,000 | |
| Shares (Diluted) | 213,900,000 | 215,400,000 | · | 216,700,000 | 217,300,000 | 217,900,000 | · | 218,400,000 | 213,300,000 | 200,100,000 | · | 204,600,000 | 206,300,000 | 207,100,000 | · | 212,600,000 | |
| EBITDA | $915M | $1.72B | · | $816M | $859M | $1.46B | · | $623M | $656M | $1.47B | · | $691M | $842M | $1.47B | · | $590M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.06B | $1.18B | $1.20B | $1.09B | $1.01B | $964M | $1.08B | $1.10B | $974M | $995M | $778M | $808M | $952M | $1.12B | $690M | $692M | |
| Short-term Investments | $205M | $238M | $1.60B | $207M | $379M | $366M | $219M | $196M | $182M | $5.41B | · | $175M | $200M | $172M | · | $251M | |
| Receivables | $5.35B | $5.09B | $4.21B | $4.28B | $4.91B | $4.62B | $3.80B | $4.00B | $4.46B | $4.04B | · | $3.30B | $3.76B | $3.71B | · | $2.97B | |
| Prepaid Expense | $175M | $155M | $136M | $175M | $170M | $168M | $135M | $172M | $176M | $128M | · | $147M | $164M | $143M | · | $123M | |
| Other Current Assets | $801M | $753M | $878M | $2.21B | $854M | $698M | $759M | $754M | $1.06B | $1.02B | · | $877M | $840M | $511M | · | $563M | |
| Current Assets | $28.11B | $26.16B | $25.77B | $26.57B | $27.82B | $24.41B | $23.43B | $23.65B | $25.54B | $28.62B | · | $21.12B | $23.95B | $22.14B | · | $19.18B | |
| PP&E (Net) | $761M | $714M | $702M | $684M | $664M | $650M | $637M | $650M | $636M | $590M | · | $652M | $639M | $605M | · | $510M | |
| PP&E (Gross) | · | · | $2.35B | · | · | · | $2.15B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.65B | · | · | · | $1.51B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $15.88B | $15.93B | $15.80B | $15.70B | $16.02B | $15.70B | $15.23B | $15.61B | $15.28B | $8.30B | $8.41B | $8.24B | $8.36B | $8.32B | $8.29B | $7.98B | |
| Intangibles | $5.66B | $5.83B | $5.73B | $5.83B | $6.73B | $6.87B | $6.74B | $6.79B | $6.79B | $217M | · | $252M | $268M | $425M | · | $456M | |
| Other Non-current Assets | $815M | $792M | $756M | $729M | $572M | $599M | $998M | $585M | $629M | $525M | · | $497M | $501M | $507M | · | $475M | |
| Total Assets | $53.35B | $51.43B | $50.78B | $51.64B | $54.01B | $50.30B | $48.97B | $49.88B | $51.45B | $40.77B | · | $33.11B | $36.05B | $34.25B | · | $31.22B | |
| Accounts Payable | $2.27B | $2.21B | $2.86B | $2.40B | $2.29B | $2.09B | $2.90B | $2.59B | $2.32B | $1.93B | · | $1.75B | $1.62B | $1.68B | · | $1.80B | |
| Current Liabilities | $27.23B | $24.54B | $23.23B | $25.10B | $27.07B | $23.33B | $23.00B | $22.10B | $23.50B | $21.84B | · | $20.72B | $22.95B | $20.59B | · | $18.69B | |
| Capital Leases | $730M | $633M | $641M | $651M | $705M | $689M | $685M | $712M | $702M | $611M | · | $640M | $675M | $681M | · | $667M | |
| Deferred Tax | $342M | $350M | $340M | $361M | $363M | $384M | $319M | $1.09B | $1.18B | $129M | · | $117M | $120M | $110M | · | $332M | |
| Other Non-current Liabilities | $1.39B | $1.36B | $1.28B | $1.22B | $1.25B | $1.24B | $1.14B | $1.18B | $1.14B | $1.10B | · | $1.00B | $995M | $1.06B | · | $853M | |
| Total Liabilities | $43.64B | $41.45B | $41.24B | $43.44B | $45.92B | $43.03B | $42.53B | $43.33B | $45.30B | $40.80B | · | $33.60B | $35.89B | $34.20B | · | $31.89B | |
| Long-term Debt | · | · | $15.25B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $12.95B | $13.54B | · | $15.05B | $15.45B | $16.28B | · | $17.09B | $17.61B | $15.92B | · | $9.97B | $9.99B | $10.58B | · | $10.12B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Retained Earnings | $82M | $307M | $-245M | $-1.53B | $-1.57B | $-1.74B | $-2.31B | $-2.68B | $-2.57B | $-2.70B | · | $-3.02B | $-2.50B | $-2.39B | · | $-2.64B | |
| AOCI | $-3.99B | $-3.93B | $-3.84B | $-3.92B | $-3.84B | $-4.46B | $-4.75B | $-4.12B | $-4.48B | $-4.40B | · | $-4.58B | $-4.34B | $-4.54B | · | $-4.92B | |
| Stockholders' Equity | $9.60B | $9.83B | $9.35B | $7.94B | $7.84B | $7.00B | $6.12B | $6.24B | $5.86B | $-133M | · | $-586M | $65M | $-70M | · | $-783M | |
| Liabilities + Equity | $53.35B | $51.43B | $50.78B | $51.64B | $54.01B | $50.30B | $48.97B | $49.88B | $51.45B | $40.77B | · | $33.11B | $36.05B | $34.25B | · | $31.22B |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $122M | $82M | $60M | $106M | $119M | $147M | $113M | $114M | $117M | $130M | $117M | $95M | $99M | $127M | $93M | $93M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $34M | |
| Restructuring | $96M | $92M | $129M | $32M | $94M | $110M | $69M | $69M | $132M | $119M | $129M | $6M | $0 | $0 | $0 | $0 | |
| Operating Cash Flow | $556M | $430M | $1.40B | $1.15B | $796M | $140M | $1.20B | $1.01B | $513M | $309M | $1.26B | $1.04B | $688M | $443M | $1.04B | $1.05B | |
| CapEx | $73M | $67M | $74M | $69M | $64M | $56M | $55M | $62M | $53M | $48M | $49M | $58M | $69M | $76M | $70M | $58M | |
| Investing Cash Flow | $-49M | $999M | $648M | $-94M | $24M | $-292M | $-577M | $29M | $2.68B | $-4.96B | $-240M | $-76M | $-77M | $205M | $-240M | $-84M | |
| Debt Issued | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $1.98B | $5.94B | $0 | $0 | $0 | $744M | $0 | $496M | |
| Net Debt Issued | · | $-593M | · | · | · | $0 | · | · | · | $5.94B | · | · | · | $744M | · | · | |
| Stock Issued | $3M | $25M | $10M | $27M | $3M | $30M | $18M | $34M | $2M | $25M | $9M | $30M | $8M | $25M | $9M | $23M | |
| Net Stock Activity | · | $25M | · | · | · | $30M | · | · | · | $25M | · | · | · | $25M | · | · | |
| Dividends Paid | $175M | $162M | $161M | $160M | $161M | $147M | $146M | $147M | $146M | $123M | $123M | $125M | $126M | $115M | $116M | $118M | |
| Financing Cash Flow | $-858M | $-441M | $-3.06B | $-768M | $-24M | $-349M | $-769M | $-699M | $-3.00B | $5.26B | $-1.66B | $-1.16B | $-443M | $404M | $-1.45B | $-302M | |
| Net Change in Cash | $-401M | $891M | $-947M | $196M | $1.30B | $-305M | $-710M | $722M | $136M | $463M | $-322M | $-455M | $313M | $1.11B | $-119M | $4M | |
| Taxes Paid | $512M | $120M | $155M | $189M | $459M | $233M | $203M | $297M | $309M | $244M | $127M | $152M | $255M | $206M | $128M | $143M | |
| Free Cash Flow | · | $363M | · | · | · | $84M | · | · | · | $261M | · | · | · | $367M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $150M | · | · | · | $278M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.6% | 34.1% | · | 20.4% | 20.7% | 30.9% | · | 16.7% | 17.4% | 36.0% | · | 23.4% | 26.5% | 38.0% | · | 21.9% | |
| Net Margin | 13.0% | 24.1% | · | 11.5% | 13.9% | 20.4% | · | 9.2% | 13.9% | 26.3% | · | 15.4% | 17.6% | 27.1% | · | 15.1% | |
| Pretax Margin | 17.1% | 30.9% | · | 14.9% | 16.9% | 26.4% | · | 12.1% | 18.6% | 35.0% | · | 19.0% | 20.7% | 34.7% | · | 18.9% | |
| EBITDA Margin | 21.6% | 34.1% | · | 20.4% | 20.7% | 30.9% | · | 16.7% | 17.4% | 36.0% | · | 23.4% | 26.5% | 38.0% | · | 21.9% | |
| ROA | 1.0% | 2.4% | · | 0.90% | 1.1% | 2.1% | · | 0.83% | 1.2% | 2.9% | · | 1.4% | 1.6% | 3.1% | · | 1.3% | |
| ROE | 6.3% | 14.4% | · | 6.5% | 8.5% | 28.1% | · | 12.1% | 17.7% | -1055.2% | · | -66.6% | 149.5% | 189.7% | · | 57.2% | |
| ROIC | 3.2% | 5.9% | · | 2.8% | 3.1% | 4.9% | · | 2.1% | 2.1% | 7.1% | · | 6.1% | 7.3% | 11.3% | · | 5.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.1 | · | 1.1 | 1.0 | 1.0 | · | 1.1 | 1.1 | 1.3 | · | 1.0 | 1.0 | 1.1 | · | 1.0 | |
| Quick Ratio | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.5 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Debt / Equity | 1.3 | 1.4 | · | 1.9 | 2.0 | 2.3 | · | 2.7 | 3.0 | -119.7 | · | -17.0 | 153.7 | -151.1 | · | -12.9 | |
| LT Debt / Equity | 1.3 | 1.4 | · | 1.9 | 2.0 | 2.3 | · | 2.7 | 3.0 | -119.7 | · | -17.0 | 153.7 | -151.1 | · | -12.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 10.2 | · | 5.8 | 6.5 | 13.3 | · | 5.7 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 0.8 | 1.0 | · | 1.0 | 0.9 | 1.1 | · | 1.0 | 0.9 | 1.1 | · | 0.9 | 0.9 | 1.1 | · | 0.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $19.85 | $23.37 | · | $18.44 | $19.12 | $21.70 | · | $17.04 | $17.63 | $20.34 | · | $14.43 | $15.40 | $18.69 | · | $12.68 | |
| Cash Flow / Share | · | $2.00 | · | · | · | $0.64 | · | · | · | $1.54 | · | · | · | $2.14 | · | · | |
| Dividend / Share | · | · | · | · | · | · | · | · | $0.68 | $0.61 | · | $0.61 | $0.61 | $0.56 | · | $0.56 | |
| Dividend Paid / Share | $0.82 | $0.74 | $0.74 | $0.74 | $0.74 | $0.68 | $0.68 | $0.68 | $0.68 | $0.61 | $0.62 | $0.61 | $0.61 | $0.56 | · | · | |
| EPS (TTM) | $18.14 | $18.22 | · | $12.31 | $11.77 | $11.57 | · | $11.88 | $12.54 | $12.79 | · | $13.17 | $12.86 | $12.48 | · | $12.86 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.58B | $17.49B | · | $17.03B | $16.75B | $16.36B | · | $14.93B | $14.16B | $13.57B | · | $13.13B | $12.87B | $12.68B | · | $12.43B | |
| Net Income TTM | $3.91B | $3.94B | · | $2.72B | $2.60B | $2.55B | · | $2.44B | $2.55B | $2.58B | · | $2.72B | $2.67B | $2.62B | · | $2.79B | |
| P/E | 18.3 | 17.7 | · | 29.0 | 30.3 | 34.5 | · | 29.1 | 23.4 | 26.1 | · | 24.6 | 26.8 | 25.3 | · | 20.8 | |
| Earnings Yield | 5.5% | 5.6% | · | 3.5% | 3.3% | 2.9% | · | 3.4% | 4.3% | 3.8% | · | 4.1% | 3.7% | 4.0% | · | 4.8% | |
| Payout Ratio | · | 13.4% | · | · | · | 15.2% | · | · | · | 11.5% | · | · | · | 10.9% | · | · | |
| Annual Payout | $658M | $644M | · | $614M | $601M | $586M | · | $539M | $517M | $497M | · | $482M | $475M | $468M | · | $459M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $17.18B | $15.70B | $13.38B | $12.48B | $12.19B |
| Operating Margin % | 25.3% | 24.4% | · | 29.4% | 17.1% |
| Net Income | $3.69B | $2.65B | $2.56B | $2.59B | $1.25B |
| Diluted EPS | $17.02 | $12.49 | $12.51 | $12.14 | $5.55 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.6 | 2.7 | · | -18.6 | 7.8 |
| Current Ratio | 1.1 | 1.0 | · | 1.0 | 1.0 |
| Quick Ratio | 0.3 | 0.2 | · | 0.2 | 0.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $3.22B | $2.82B | · | $3.02B | $2.04B |
Institutional owners (13F) 1,363 filers · $70.9B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 136 (-33 vs prior Q) | 106 (-34 vs prior Q) | 470 (-8 vs prior Q) | 458 (+52 vs prior Q) | +10.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $7,117,959,771 | 20,171,049 | 10.04% | Shares |
| BlackRock, Inc. | $5,212,982,529 | 15,716,429 | 7.35% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $4,512,133,306 | 13,603,465 | 6.36% | Shares |
| JPMORGAN CHASE & CO | $3,988,484,521 | 12,175,974 | 5.62% | Shares |
| Capital World Investors | $3,884,630,624 | 11,711,650 | 5.48% | Shares |
| STATE STREET CORP | $3,123,430,849 | 9,416,039 | 4.40% | Shares |
| Dodge & Cox | $2,850,259,933 | 8,593,144 | 4.02% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $2,575,299,415 | 7,615,397 | 3.63% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,389,160,085 | 7,202,991 | 3.37% | Shares |
| MORGAN STANLEY | $2,061,384,164 | 6,214,787 | 2.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,711,000,834 | 5,180,553 | 2.41% | Shares |
| HPS Investment Partners, LLC | $1,513,847,200 | 4,243,321 | 2.13% | Shares |
| Bank of New York Mellon Corp | $1,058,492,839 | 3,191,212 | 1.49% | Shares |
| NORGES BANK | $927,657,324 | 2,796,760 | 1.31% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $913,445,403 | 2,753,913 | 1.29% | Shares |
| Independent Franchise Partners LLP | $877,964,523 | 2,646,943 | 1.24% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $867,287,754 | 2,614,754 | 1.22% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $748,215,688 | 2,255,768 | 1.06% | Shares |
| Boston Partners | $695,754,228 | 2,089,773 | 0.98% | Shares |
| NORTHERN TRUST CORP | $676,824,722 | 2,040,534 | 0.95% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $623,005,861 | 1,905,800 | 0.88% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $614,475,273 | 1,875,859 | 0.87% | Shares |
| Artisan Partners Limited Partnership | $613,833,143 | 1,850,623 | 0.87% | Shares |
| GOLDMAN SACHS GROUP INC | $580,059,778 | 1,748,801 | 0.82% | Shares |
| NEUBERGER BERMAN GROUP LLC | $561,079,453 | 1,691,729 | 0.79% | Shares |
| BANK OF AMERICA CORP /DE/ | $538,986,283 | 1,624,970 | 0.76% | Shares |
| Veritas Asset Management LLP | $467,056,338 | 1,408,111 | 0.66% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $458,581,990 | 1,382,562 | 0.65% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $446,244,780 | 1,345,367 | 0.63% | Shares |
| Legal & General Group Plc | $427,499,317 | 1,288,852 | 0.60% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $411,458,559 | 1,240,634 | 0.58% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $407,388,062 | 1,262,123 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $394,860,029 | 1,190,449 | 0.56% | Shares |
| Mawer Investment Management Ltd. | $388,615,965 | 1,171,624 | 0.55% | Shares |
| VIKING GLOBAL INVESTORS LP | $381,864,415 | 1,151,269 | 0.54% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $372,445,921 | 1,122,874 | 0.53% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $369,554,433 | 1,114,156 | 0.52% | Shares |
| Invesco Ltd. | $354,686,448 | 1,069,331 | 0.50% | Shares |
| Amundi | $329,604,332 | 993,712 | 0.46% | Shares |
| Nuveen, LLC | $291,449,600 | 878,682 | 0.41% | Shares |
| UBS Group AG | $272,737,742 | 822,267 | 0.38% | Shares |
| COMGEST GLOBAL INVESTORS S.A.S. | $272,075,356 | 820,270 | 0.38% | Shares |
| PineStone Asset Management Inc. | $265,117,495 | 799,293 | 0.37% | Shares |
| Capital International Investors | $263,060,285 | 793,989 | 0.37% | Shares |
| Longview Partners (Guernsey) LTD | $255,061,318 | 768,975 | 0.36% | Shares |
| FIL Ltd | $250,087,958 | 753,981 | 0.35% | Shares |
| Wealthspire Advisors, LLC | $240,947,580 | 726,424 | 0.34% | Shares |
| Focus Partners Wealth | $234,468,726 | 706,903 | 0.33% | Shares |
| AMERIPRISE FINANCIAL INC | $229,811,704 | 692,802 | 0.32% | Shares |
| Meritage Group LP | $227,047,775 | 684,518 | 0.32% | Shares |
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Patrick G. Ryan, Shirley W. Ryan ×7 filings | March 3, 2011 | · | Initial filing | · | SEC |
| AON CORPORATION, AON ADVISORS, INC., COMBINED INSURANCE COMPANY OF AMERICA ×6 filings | Feb. 14, 2007 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 6, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 30, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | July 25, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 7, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | March 5, 2001 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 78 insiders · 50 officers · 26 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andy Marcell | Global CEO, Solution Lines | March 13, 2026 M | 8,820 | 0 | 0 | $0 |
| Lori Goltermann | CEO, Regions & North America | March 13, 2026 M | 6,795 | 0 | 0 | $0 |
| Gregory C Case | President & CEO | Feb. 19, 2026 G | 175,169 | 0 | 0 | $0 |
| John Zern | CEO, Aon Global Health | Aug. 21, 2019 M | 38,018 | 0 | 0 | $0 |
| Caroline Grace | CEO, Global Retirement & Inves | Feb. 15, 2019 M | 53,829 | 0 | 0 | $0 |
| Kristi A Savacool | CEO - Aon Hewitt | Feb. 17, 2017 M | 135,811 | 0 | 0 | $0 |
| Stephen P Mcgill | Chairman/CEO - ARS | Aug. 2, 2016 S | 252,071 | 0 | 0 | $0 |
| Yvan Legris | CEO EMEA - Aon Hewitt | March 15, 2013 M | 2,144 | 0 | 0 | $0 |
| Baljit Dail | ACW - CEO | Nov. 17, 2010 M | 33,237 | 0 | 0 | $0 |
| FRADIN RUSSELL P | CEO/Chair - Aon Hewitt | Nov. 2, 2010 M | 140,291 | 0 | 0 | $0 |
| Kathryn Hayley | ACW - Chief Executive Officer | June 14, 2010 M | 21,645 | 0 | 0 | $0 |
| Bernard S Fung | Aon Asia Pacific-Chairman/CEO | March 15, 2010 M | 68,043 | 0 | 0 | $0 |
| Richard M Ravin | CICA - Chairman/CEO | May 29, 2007 M | 116,367 | 0 | 0 | $0 |
| Dennis L Mohoney | Aon Limited - Chairman/CEO | March 17, 2007 M | 15,411 | 0 | 0 | $0 |
| Michael G Bungert | Aon Re Inc. - President/CEO | Jan. 1, 2007 A | 115,295 | 0 | 0 | $0 |
| David L Cole | VSC - Chairman/CEO | March 20, 2006 M | 135,936 | 0 | 0 | $0 |
| Dirk Pieter Verbeek | Aon Holdings bv - MD/CEO | March 17, 2006 M | 99,397 | 0 | 0 | $0 |
| Donald C Ingram | Aon Consulting - Chairman/CEO | July 1, 2005 M | 18,880 | 0 | 0 | $0 |
| Edmund Reese | Chief Financial Officer | July 1, 2026 M | 3,901 | 0 | 0 | $0 |
| Christa Davies | Chief Financial Officer | Feb. 16, 2024 M | 161,706 | 0 | 0 | $0 |
| David P Bolger | Exec. VP & CFO (former) | March 18, 2008 M | 53,445 | 0 | 0 | $0 |
| Eric Andersen | President | Feb. 14, 2025 M | 177,033 | 0 | 0 | $0 |
| Michael J O'Connor | Co-President | Feb. 18, 2020 S | 123,885 | 0 | 0 | $0 |
| Mindy F. Simon | Chief Operating Officer | Feb. 13, 2026 M | 6,496 | 0 | 0 | $0 |
| James Platt | Chief Operating Officer | Feb. 17, 2022 A | 4,590 | 0 | 0 | $0 |
| Andrew M Appel | COO | Nov. 10, 2010 S | 164,872 | 0 | 0 | $0 |
| Darren Zeidel | General Counsel | July 28, 2026 S | 11,504 | 0 | 11 | $-7,750,846 |
| Anne Corona | Chief Commercial Officer | March 13, 2026 M | 4,195 | 0 | 0 | $0 |
| Lisa Stevens | Chief Administrative Officer | Feb. 18, 2026 G | 26,321 | 0 | 0 | $0 |
| Michael Neller | Principal Accounting Officer | March 14, 2025 M | 8,209 | 0 | 0 | $0 |
| Jillian Slyfield | Chief Innovation Officer | Sept. 17, 2024 M | 1,910 | 0 | 0 | $0 |
| Andy Weitz | Chief Marketing Officer | Feb. 16, 2024 M | 41,524 | 0 | 0 | $0 |
| Anthony R Goland | Chief Innovation Officer | Feb. 12, 2021 M | 29,341 | 0 | 0 | $0 |
| Peter M Lieb | General Counsel | May 31, 2019 S | 1 | 0 | 0 | $0 |
| Laurel G. Meissner | Global Controller | Feb. 20, 2018 S | 12,314 | 0 | 0 | $0 |
| Gregory J Besio | EVP/Chief HR Officer | Feb. 19, 2015 A | 132,223 | 0 | 0 | $0 |
| Matthew Levin | EVP - Head of Global Strategy | Aug. 1, 2013 M | 12,001 | 0 | 0 | $0 |
| Philip Clement | Global Chief Marketing Officer | Feb. 25, 2013 M | 42,618 | 0 | 0 | $0 |
| Jeremy G O Farmer | Senior VP & Head of HR | May 1, 2011 M | 67,672 | 0 | 0 | $0 |
| Ted T Devine | Exec VP | Aug. 21, 2009 M | 3,748 | 0 | 0 | $0 |
| Cameron D Findlay | Exec VP & General Counsel | March 17, 2009 M | 65,778 | 0 | 0 | $0 |
| Diane Aigotti | Senior VP & Treasurer | March 17, 2008 M | 3,030 | 0 | 0 | $0 |
| Daniel F Hunger | Senior VP & Controller | March 17, 2008 M | 7,289 | 0 | 0 | $0 |
| Patrick G Ryan | Executive Chairman | March 17, 2008 M | 8,396,039 | 0 | 0 | $0 |
| Michael D Ohalleran | Senior Exec VP | Aug. 15, 2007 A | 0 | 0 | 0 | $0 |
| Roelof Hendriks | Aon Holdings b.v. - Vice Chair | March 15, 2007 A | · | 0 | 0 | $0 |
| Michael D Rice | Chairman - ARSA | Sept. 15, 2006 M | 172,039 | 0 | 0 | $0 |
| Michael A Conway | Senior VP and Investment Ofr | Aug. 18, 2006 M | 64,733 | 0 | 0 | $0 |
| June E Drewry | Exec VP & Chief Info Ofr | Sept. 15, 2004 M | 1,471 | 0 | 0 | $0 |
| Raymond I Skilling | Executive Vice President | March 20, 2004 M | 330,108 | 0 | 0 | $0 |
| Lester B Knight | Director | Sept. 2, 2026 P | 163,000 | 7 | 0 | $7,826,648 |
| Byron Spruell | Director | June 25, 2026 F | 6,377 | 0 | 0 | $0 |
| Jo Ann Jenkins | Director | June 25, 2026 F | 874 | 0 | 0 | $0 |
| Jin-Yong Cai | Director | June 25, 2026 F | 7,845 | 0 | 0 | $0 |
| James G. Stavridis | Director | June 25, 2026 F | 1,377 | 0 | 0 | $0 |
| Adriana Karaboutis | Director | June 25, 2026 F | 2,606 | 0 | 0 | $0 |
| Jose Antonio Alvarez | Director | June 25, 2026 F | 1,270 | 0 | 0 | $0 |
| Cheryl A Francis | Director | June 25, 2026 F | 29,294 | 0 | 0 | $0 |
| Jeffrey C Campbell | Director | June 25, 2026 F | 12,621 | 0 | 0 | $0 |
| Gloria Santona | Director | June 25, 2026 F | 22,462 | 0 | 0 | $0 |
| NOTEBAERT RICHARD C | Director | June 25, 2026 F | 28,328 | 0 | 0 | $0 |
| Sarah G Smith | Director | June 25, 2026 F | 2,114 | 0 | 0 | $0 |
| Fulvio Conti | Director | June 20, 2024 F | 30,862 | 0 | 0 | $0 |
| Carolyn Y Woo | Director | June 15, 2023 F | 27,278 | 0 | 0 | $0 |
| Michael J Losh | Director | June 17, 2022 A | 771 | 0 | 0 | $0 |
| Robert S Morrison | Director | June 23, 2017 A | 56,110 | 0 | 0 | $0 |
| James W Leng | Director | June 24, 2016 A | 5,190 | 0 | 0 | $0 |
| JANNOTTA EDGAR D SR | Director | June 24, 2014 A | 84,655 | 0 | 0 | $0 |
| Eden R Martin | Director | April 12, 2012 M | 10,000 | 0 | 0 | $0 |
| John W Rogers JR | Director | April 12, 2012 M | 19,723 | 0 | 0 | $0 |
| Andrew J Mckenna | Director | March 28, 2012 G | 22,596 | 0 | 0 | $0 |
| Judson C Green | Director | Sept. 16, 2011 A | 2,306 | 0 | 0 | $0 |
| Jan Kalff | Director | June 1, 2011 M | 6,413 | 0 | 0 | $0 |
| George Anthony Schaefer | Director | March 19, 2004 A | · | 0 | 0 | $0 |
| Richard B Myers | · | June 25, 2021 A | 27,618 | 0 | 0 | $0 |
| John G Bruno | · | Feb. 12, 2021 M | 75,790 | 0 | 0 | $0 |
| Peter Harmer | · | Aug. 5, 2009 S | 12,258 | 0 | 0 | $0 |
| Shirley W Ryan | · | March 24, 2004 G | 10,935,323 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 105 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWP · Invesco Exchange-Traded Fund Trust … | 7.44% | 73,432 SH | Oct. 1, 2026 | Daily |
| EQTY · Valued Advisers Trust | 4.33% | 171,083 NS | July 31, 2026 | N-PORT |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.27% | 17,079 SH | Oct. 1, 2026 | Daily |
| IYF · iShares Trust | 0.97% | 138,734 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.92% | 119,010 SH | Sept. 11, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.79% | 331,576 SH | Aug. 19, 2026 | Daily |
| FAS · Direxion Shares ETF Trust | 0.65% | 42,084 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.58% | 651,680 SH | Aug. 19, 2026 | Daily |
| PID · Invesco Exchange-Traded Fund Trust | 0.50% | 15,341 SH | Oct. 1, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.47% | 14,310,000 | Oct. 1, 2026 | Daily |
| IMCB · iShares Trust | 0.46% | 25,226 SH | Sept. 11, 2026 | Daily |
| IXG · iShares Trust | 0.41% | 9,299 SH | Sept. 11, 2026 | Daily |
| DUHP · Dimensional ETF Trust | 0.41% | 140,110 NS | July 31, 2026 | N-PORT |
| USMV · iShares Trust | 0.41% | 316,076 SH | Sept. 11, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.40% | 11,948,000 | Oct. 1, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.40% | 18,001,000 | Oct. 1, 2026 | Daily |
| XOEF · iShares Trust | 0.37% | 269 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.34% | 4,996 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.32% | 2,198,449 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.31% | 1,206,598 SH | Aug. 19, 2026 | Daily |
| ACWV · iShares, Inc. | 0.27% | 29,897 SH | Sept. 11, 2026 | Daily |
| USXF · iShares Trust | 0.25% | 12,074 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.25% | 1,929,170 SH | Aug. 19, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.25% | 7,461,000 | Oct. 1, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.24% | 320,000 | Oct. 1, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.24% | 49,186 SH | Aug. 19, 2026 | Daily |
| IWX · iShares Trust | 0.24% | 30,004 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.22% | 355,106 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.21% | 186,835 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.21% | 20,951 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.19% | 125,639 SH | Aug. 19, 2026 | Daily |
| MPLY · Strategy Shares | 0.19% | 83 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 642,008 SH | Oct. 1, 2026 | Daily |
| EUSA · iShares, Inc. | 0.18% | 11,197 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.18% | 2,443 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.17% | 462,459 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.17% | 222,700 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.17% | 10,501 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.16% | 27,600 SH | Oct. 1, 2026 | Daily |
| AQLT · iShares Trust | 0.16% | 1,706 SH | Sept. 11, 2026 | Daily |
| MGV · VANGUARD WORLD FUND | 0.16% | 63,767 SH | Aug. 19, 2026 | Daily |
| IOO · iShares Trust | 0.16% | 46,746 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.15% | 2,243 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.14% | 201,481 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.14% | 12,957 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.14% | 4,897 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.13% | 568 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.13% | 46,185 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.13% | 28 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.12% | 222 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.12% | 11,098 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.12% | 130 SH | Sept. 11, 2026 | Daily |
| XCLR · Global X Funds | 0.12% | 12 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.12% | 47,052 SH | Aug. 19, 2026 | Daily |
| XTR · Global X Funds | 0.12% | 16 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.12% | 3,637 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.12% | 165 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.12% | 10,741 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.11% | 8,063 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.11% | 2,461 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.11% | 806 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.11% | 5,548,342 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.11% | 236,967 SH | Aug. 19, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.11% | 62,151 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.10% | 2,692,108 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.10% | 4,196 SH | Sept. 11, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.10% | 34,490 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.10% | 17,531 SH | Aug. 19, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.10% | 1,484 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.09% | 9,199 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.09% | 33,073 SH | Oct. 1, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 3,189 SH | Oct. 1, 2026 | Daily |
| IWB · iShares Trust | 0.09% | 143,668 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.09% | 5,455 SH | Oct. 1, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.09% | 1,262 SH | Oct. 1, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.09% | 6,443,278 SH | Aug. 19, 2026 | Daily |
| ITOT · iShares Trust | 0.09% | 278,493 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.09% | 16,694 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.09% | 57,174 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.09% | 35,033 SH | Oct. 1, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.08% | 99,000 | Oct. 1, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.08% | 28,765 SH | Oct. 1, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.07% | 167 SH | Oct. 1, 2026 | Daily |
| TOK · iShares Trust | 0.07% | 566 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.07% | 2,622 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.07% | 18,295 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.06% | 65,089 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.06% | 174,987 SH | Aug. 19, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.06% | 20,360 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 1,709 SH | Oct. 1, 2026 | Daily |
| PABU · iShares Trust | 0.05% | 4,368 SH | Sept. 11, 2026 | Daily |
| ESMV · iShares Trust | 0.05% | 12 SH | Sept. 11, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
AON Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
19 analysts · 2026-09-30Mean target $383.63 +42.4%
Latest News Recent headlines mentioning this company
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