Despite a 16% year-over-year increase in revenue to $4.7 billion for the first quarter of 2025, Aon plc failed to meet earnings expectations. This article analyzes Aon’s Q1 performance and provides insights into their outlook for the remainder of the year. While organic revenue growth saw a 5% increase and was boosted by strategic acquisitions, this momentum wasn’t enough to offset lower EPS figures. The company reported diluted earnings per share (EPS) of $4.43 compared to $5.35 in the previous year, while adjusted EPS came in at $5.67—slightly above last year’s $5.66 but below anticipated $6.03. Operating income also saw a modest increase, though the operating margin decreased from 36% to 30.9%. Despite the challenges with earnings per share, Aon demonstrated strong growth in its core segments: Risk Capital revenue rose by 7% to $3.2 billion and Human Capital surged by 40% to $1.5 billion. This growth is attributed to their strategic focus on expanding market presence and enhancing client offerings.