Ticker League

Aon (AON) Cash Flow Waterfall

Trace Aon's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$3.77B

Capex

-$274M

Free Cash Flow

$3.5B

FCF Margin

+92.7%

Cash flow waterfall for Aon (AON) — TTM through Q1 2026

Free cash flow: $3.5B

Cash flow breakdown for Aon (AON) — TTM through Q1 2026

  • Operating Cash Flow$3.77B
  • Capital Expenditure-$274M
  • Free Cash Flow$3.5B
  • Acquisitions$1.92B
  • Other Investing-$65M
  • Share Buybacks-$1.25B
  • Dividends Paid-$644M
  • Net Debt Change-$3.06B
  • Other Financing$658M
  • Forex Effect$1.43B
  • Net Cash Increase$2.48B
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology