Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.02B | 2.2% |
| Gross Profit | 1.54B | 11.1% |
| Cost of Revenue | 2.48B | 12.7% |
| Operating expense | 95M | 70.2% |
| Net Income | 524M | 51.1% |
| EBITDA | 951M | 44.8% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 51.5B | 26.2% |
| Total Liabilities | 45.3B | 11% |
| Total Equity | 5.86B | 4506% |
| Shares Outstanding | 213M | 6.7% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 513M | 66% |
| Cash from investing | 2.68B | 153.9% |
| Cash from financing | -3B | 157% |
EPS
Financial Highlights for Aon in Q2 '24
Aon reported a revenue of 4.02B, which is a 2.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.54B, marking a -11.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.48B, a 12.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 95M, showing a -70.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 524M, showing a -51.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 951M, showing a -44.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Aon faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
