AON

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: adjusted EPS of $3.81 beat expectations by $0.01 (+0.26%), while total revenue of $4.25B slightly missed the $4.27B consensus (-0.55%). Organic revenue growth remained solid at 5%, led by strong retention in Risk Capital, and adjusted operating margin expanded by 70bps YoY to 28.9%. Management reaffirmed FY26 guidance for mid-single-digit organic revenue growth and 70-80bps margin expansion, signaling continued execution of the Aon United strategy despite divestiture headwinds.