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RYAAY

Ryanair Holdings plc

RYAAY

Ryanair Holdings plc • NASDAQ
$68.16 ▼ -0.35% (-0.24)
Market Cap $14.40 B
52w High $68.68
52w Low $38.52
Dividend Yield 1.00%
P/E 13.11
Volume 441.81K
Outstanding Shares 211.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $5.48B ▲ $561.6M ▲ $1.719B ▲ 31.367% ▲ $8.1 ▲ $2.306B ▲
Q1-2026 $4.338B ▲ $221.2M ▼ $819.9M ▲ 18.902% ▲ $7.7 ▲ $1.257B ▲
Q4-2025 $2.297B ▼ $389.9M ▼ $-328.2M ▼ -14.286% ▼ $-1.5 ▼ $98.9M ▼
Q3-2025 $2.959B ▼ $527.7M ▲ $148.6M ▼ 5.022% ▼ $0.68 ▼ $324.5M ▼
Q2-2025 $5.066B $247.4M $1.431B 28.252% $6.93 $1.963B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $2.963B ▼ $16.389B ▼ $7.419B ▼ $8.97B ▲
Q1-2026 $4.348B ▲ $18.077B ▲ $10.675B ▲ $7.402B ▲
Q4-2025 $3.963B ▲ $17.507B ▲ $10.47B ▲ $7.037B ▼
Q3-2025 $2.751B ▼ $16.373B ▼ $8.203B ▼ $8.17B ▲
Q2-2025 $3.328B $16.376B $8.619B $7.757B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $1.719B ▲ $320.9M ▼ $238.9M ▲ $-1.23B ▼ $-649.8M ▼ $-169.6M ▼
Q1-2026 $819.9M ▲ $1.458B ▲ $-1.258B ▼ $-407M ▼ $-250M ▼ $835.4M ▲
Q4-2025 $148.6M $-86.6M $181.5M $-321.5M $-175M $-289.7M
Q3-2025 $148.6M ▼ $-86.6M ▼ $181.5M ▲ $-321.5M ▲ $-175M ▲ $-289.7M ▲
Q2-2025 $1.431B $55.1M $-263.4M $-799.2M $-1.029B $-333.1M

Five-Year Company Overview

Income Statement

Income Statement Ryanair’s income statement shows a full recovery from the pandemic shock and a return to solid profitability, with sales now well above pre‑crisis levels. Profits have grown strongly versus the worst years, although the latest year shows slightly lower margins than the prior one, suggesting rising costs for fuel, labor, and airports are starting to bite. The business still generates healthy operating and net profit, but the step‑up in revenue is not fully translating into even higher earnings. That points to a mature low‑cost model facing a tougher cost environment, rather than a broken model. Overall, earnings look resilient, but also clearly exposed to swings in costs and demand, as is typical for airlines.

Balance Sheet

Balance Sheet The balance sheet looks relatively robust for a carrier in such a capital‑intensive, cyclical industry. Cash holdings are sizeable and have grown compared with earlier years, giving the company a useful liquidity cushion. Debt has been coming down steadily from earlier peaks, which reduces financial risk and interest burden. Shareholders’ equity has risen over time as profits have been retained, signaling gradual strengthening of the capital base. At the same time, total assets have climbed as the fleet and related investments grow, underlining that the company is still expanding while keeping leverage moving in the right direction.

Cash Flow

Cash Flow Ryanair is generating strong cash flow from its core operations again, after a sharp hit during the pandemic period. Cash inflows from day‑to‑day business comfortably cover both interest and ongoing investment in the fleet. Free cash flow has been positive in most years, with the one clear exception during the crisis trough, showing that the model normally throws off excess cash even after heavy aircraft spending. The recent dip in free cash flow versus operating cash was mainly due to a spike in capital expenditure, not a deterioration in the underlying business. As long as demand holds, the cash profile looks like a key strength, but it remains sensitive to travel cycles and fuel costs.

Competitive Edge

Competitive Edge Ryanair holds a formidable position as one of Europe’s leading ultra‑low‑cost carriers, built on a relentless focus on cost per seat. Its standardized fleet, use of secondary airports, rapid turnarounds, and direct online sales give it a structural cost edge that many rivals struggle to match. A large portion of profit comes from ancillary fees and add‑on services, allowing headline fares to remain very aggressive. This makes Ryanair highly competitive in price‑sensitive leisure and short‑haul travel across Europe. The flip side is exposure to regulatory scrutiny, labor tensions, and intense price competition, but its entrenched scale and cost discipline form a durable moat versus most peers.

Innovation and R&D

Innovation and R&D Innovation at Ryanair is centered on digital tools and process efficiency rather than traditional R&D labs. Through Ryanair Labs, the company has built advanced pricing engines, data analytics, and a highly optimized app and website that steer customers into self‑service and higher‑margin add‑ons. It is experimenting with biometrics, digital‑only boarding passes, and crew apps to cut airport time and support costs. On the fleet side, large orders for newer, more fuel‑efficient aircraft and retrofits like winglets aim to lower fuel burn and support environmental goals. The main execution risk is delivering these digital and fleet programs on time and at scale in a tightly regulated, operationally complex environment.

Summary

Ryanair has emerged from the pandemic as a stronger, larger, and firmly profitable low‑cost airline, with a business model that still clearly works. The income statement shows healthy earnings, even if margin pressure is visible; the balance sheet and cash flows indicate improving financial resilience and capacity to keep investing in growth. Strategically, its cost leadership, scale, and ancillary revenue engine provide a significant competitive edge in European short‑haul travel. At the same time, the company remains exposed to industry‑wide risks: economic downturns, fuel and wage inflation, aircraft delivery issues, regulation, and rising environmental expectations. Future performance will hinge on how well Ryanair executes its fleet renewal, digital initiatives, and sustainability plans while preserving its core low‑fare advantage.

NEWS

October 24, 2025 · 4:32 AM UTC

Ryanair Expands Winter Network to Jordan with 18 Routes Linking Amman to 12 EU Countries

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