NASDAQ : RYAAY
Ryanair Holdings plc — Financial statements
Industrials · Airlines · Ireland
Last price 53.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 26.88B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ryanair Holdings plc (RYAAY) reported revenue of 15.59B EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in EUR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 15.59B | 15.54B | 13.95B | 13.44B | 10.78B | 4.80B |
| Cost of Revenue | 11.24B | 10.91B | 10.30B | 9.57B | 7.74B | 4.01B |
| Gross Profit | 4.35B | 4.64B | 3.65B | 3.88B | 3.04B | 791.10M |
| Selling, General & Admin | 870.30M | 888.50M | 878.40M | 757.20M | 674.40M | 411.30M |
| Operating Expenses | 2.32B | 2.26B | 2.09B | 1.82B | 1.60B | 1.13B |
| Operating Income | 2.04B | 2.37B | 1.56B | 2.06B | 1.44B | -339.60M |
| Interest Expense | -37.80M | -37.80M | -66.50M | -83.00M | -76.80M | -91.40M |
| Interest & Investment Income | 84.00M | 117.80M | 290.50M | 144.80M | 42.40M | |
| Currency Exchange Gain (Loss) | 3.50M | -30.90M | 2.40M | 5.50M | 34.30M | 1.20M |
| EBT Excluding Unusual Items | 2.09B | 2.42B | 1.78B | 2.13B | 1.44B | -429.80M |
| Pretax Income | 2.09B | 2.42B | 1.78B | 2.13B | 1.44B | -429.80M |
| Income Tax Expense | 194.50M | 249.60M | 172.80M | 210.90M | 128.70M | -189.00M |
| Net Income | 1.89B | 2.17B | 1.61B | 1.92B | 1.31B | -240.80M |
| Net Income to Common | 1.89B | 2.17B | 1.61B | 1.92B | 1.31B | -240.80M |
| Shares Outstanding (Basic) | 1.05B | 1.06B | 1.10B | 1.14B | 1.14B | 1.13B |
| Shares Outstanding (Diluted) | 1.06B | 1.06B | 1.11B | 1.15B | 1.14B | 1.13B |
| EPS (Basic) | 1.80 | 2.06 | 1.46 | 1.68 | 1.16 | -0.21 |
| EPS (Diluted) | 1.79 | 2.04 | 1.45 | 1.67 | 1.15 | -0.21 |
| Free Cash Flow | 1.70B | 1.80B | 1.86B | 766.00M | 1.98B | 758.90M |
| Free Cash Flow Per Share | 1.60 | 1.69 | 1.68 | 0.67 | 1.73 | 0.67 |
| Dividend Per Share | 0.39 | 0.39 | 0.45 | 0.35 | ||
| Gross Margin | 27.93% | 29.83% | 26.17% | 28.84% | 28.21% | 16.48% |
| Operating Margin | 13.06% | 15.27% | 11.17% | 15.33% | 13.39% | -7.07% |
| Profit Margin | 12.13% | 13.98% | 11.55% | 14.26% | 12.19% | -5.02% |
| Free Cash Flow Margin | 10.88% | 11.60% | 13.36% | 5.70% | 18.34% | 15.81% |
| EBITDA | 3.42B | 3.69B | 2.71B | 3.06B | 2.28B | 325.30M |
| EBITDA Margin | 21.95% | 23.71% | 19.42% | 22.72% | 21.18% | 6.78% |
| D&A For EBITDA | 1.39B | 1.31B | 1.15B | 994.30M | 839.20M | 664.90M |
| EBIT | 2.04B | 2.37B | 1.56B | 2.06B | 1.44B | -339.60M |
| EBIT Margin | 13.06% | 15.27% | 11.17% | 15.33% | 13.39% | -7.07% |
| Effective Tax Rate | 9.32% | 10.30% | 9.68% | 9.91% | 8.92% | |
| Revenue as Reported | 15.59B | 15.54B | 13.95B | 13.44B | 10.78B | 4.80B |
Balance sheet
Fiscal year April - March; amounts in EUR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.48B | 2.73B | 3.86B | 3.88B | 3.60B | 2.67B |
| Short-Term Investments | 319.70M | 812.40M | 100.10M | 237.80M | 1.06B | 934.10M |
| Cash & Short-Term Investments | 2.80B | 3.55B | 3.96B | 4.11B | 4.66B | 3.60B |
| Accounts Receivable | 95.80M | 44.20M | 73.50M | 76.40M | 59.70M | 43.50M |
| Other Receivables | 4.50M | 4.80M | 6.70M | 10.30M | ||
| Receivables | 95.80M | 48.70M | 78.30M | 83.10M | 70.00M | 43.50M |
| Inventory | 4.60M | 4.80M | 4.60M | 6.20M | 6.00M | 4.30M |
| Prepaid Expenses | 1.98B | 1.85B | 1.27B | 868.30M | 401.10M | |
| Restricted Cash | 31.20M | 31.20M | 23.10M | 6.40M | 19.50M | 22.70M |
| Other Current Assets | 3.26B | 2.13B | 94.40M | 349.50M | 292.10M | 1.40B |
| Total Current Assets | 6.20B | 7.74B | 6.01B | 5.83B | 5.91B | 5.48B |
| Property, Plant & Equipment | 11.50B | 11.52B | 11.07B | 11.01B | 10.12B | 9.23B |
| Other Intangible Assets | 146.40M | 146.40M | 146.40M | 146.40M | 146.40M | 146.40M |
| Long-Term Deferred Tax Assets | 2.30M | 2.30M | 1.60M | 2.10M | 6.60M | 42.30M |
| Other Long-Term Assets | 316.00M | 332.90M | 277.10M | 186.50M | 223.50M | 257.20M |
| Total Assets | 18.16B | 19.75B | 17.51B | 17.18B | 16.41B | 15.15B |
| Accounts Payable | 713.00M | 609.80M | 702.00M | 792.20M | 1.07B | 1.03B |
| Accrued Expenses | 6.95B | 3.08B | 2.80B | 2.37B | 2.02B | 1.45B |
| Short-Term Debt | 230.00M | 226.00M | ||||
| Current Portion of Long-Term Debt | 1.20B | 848.40M | 50.00M | 826.70M | 998.50M | |
| Current Portion of Leases | 39.80M | 39.80M | 37.70M | 39.40M | 43.20M | 56.90M |
| Current Income Taxes Payable | 117.70M | 79.80M | 107.10M | 66.60M | 66.30M | 47.70M |
| Current Unearned Revenue | 3.42B | 3.43B | 2.90B | 2.79B | 1.55B | |
| Other Current Liabilities | 34.50M | 142.30M | 224.70M | 178.80M | 386.60M | 38.60M |
| Total Current Liabilities | 7.85B | 8.57B | 8.15B | 6.40B | 7.42B | 5.40B |
| Long-Term Debt | 38.30M | 147.80M | 1.69B | 2.53B | 2.85B | 3.71B |
| Long-Term Leases | 103.80M | 105.10M | 111.40M | 125.20M | 163.10M | 81.40M |
| Pension & Post-Retirement Benefits | 4.50M | 4.50M | ||||
| Long-Term Deferred Tax Liabilities | 536.60M | 671.50M | 377.10M | 362.00M | 159.30M | 266.50M |
| Other Long-Term Liabilities | 153.70M | 149.10M | 143.60M | 141.40M | 161.20M | 138.80M |
| Total Liabilities | 8.68B | 9.65B | 10.47B | 9.56B | 10.76B | 9.60B |
| Common Stock | 6.30M | 6.30M | 6.40M | 6.90M | 6.90M | 6.80M |
| Additional Paid-In Capital | 1.47B | 1.43B | 1.42B | 1.40B | 1.38B | 1.33B |
| Retained Earnings | 7.15B | 6.78B | 5.59B | 5.90B | 4.18B | 2.88B |
| Comprehensive Income & Other | 860.20M | 1.88B | 20.30M | 303.20M | 76.20M | 1.33B |
| Shareholders' Equity | 9.48B | 10.10B | 7.04B | 7.61B | 5.64B | 5.55B |
| Total Liabilities & Equity | 18.16B | 19.75B | 17.51B | 17.18B | 16.41B | 15.15B |
| Total Debt | 181.90M | 1.49B | 2.68B | 2.75B | 4.12B | 5.08B |
| Net Cash (Debt) | 2.62B | 2.05B | 1.28B | 1.37B | 539.30M | -1.47B |
| Net Cash Per Share | 2.47 | 1.93 | 1.16 | 1.19 | 0.47 | -1.30 |
| Filing Date Shares Outstanding | 1.04B | 1.04B | 1.06B | 1.14B | 1.14B | 1.14B |
| Total Common Shares Outstanding | 1.04B | 1.04B | 1.06B | 1.14B | 1.14B | 1.13B |
| Working Capital | -1.65B | -827.90M | -2.14B | -573.50M | -1.51B | 76.40M |
| Book Value Per Share | 9.12 | 9.68 | 6.61 | 6.68 | 4.96 | 4.89 |
| Tangible Book Value | 9.33B | 9.96B | 6.89B | 7.47B | 5.50B | 5.40B |
| Tangible Book Value Per Share | 8.98 | 9.54 | 6.48 | 6.55 | 4.83 | 4.76 |
| Buildings | 284.70M | 223.60M | 204.50M | 155.30M | 134.90M | |
| Machinery | 18.16B | 17.34B | 16.66B | 15.37B | 13.96B |
Cash flow statement
Fiscal year April - March; amounts in EUR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.89B | 2.17B | 1.61B | 1.92B | 1.31B | -240.80M |
| Depreciation & Amortization | 1.45B | 1.37B | 1.21B | 1.06B | 923.20M | 719.40M |
| Stock-Based Compensation | 12.80M | 15.00M | 12.80M | -3.90M | 16.20M | 8.60M |
| Other Operating Activities | -94.50M | 2.80M | 95.10M | 154.70M | 269.30M | -326.00M |
| Change in Accounts Receivable | 1.10M | 29.30M | 2.90M | -16.70M | -16.20M | -24.90M |
| Change in Inventory | 400.00K | -200.00K | 1.60M | -200.00K | -1.70M | -700.00K |
| Change in Accounts Payable | 115.90M | -9.20M | 124.80M | -46.40M | 31.20M | 284.60M |
| Change in Other Net Operating Assets | 65.70M | 110.10M | 352.50M | 93.80M | 1.36B | 1.52B |
| Operating Cash Flow | 3.44B | 3.69B | 3.42B | 3.16B | 3.89B | 1.94B |
| Capital Expenditures | -1.74B | -1.89B | -1.55B | -2.39B | -1.91B | -1.18B |
| Sale of Property, Plant & Equipment | 4.90M | 110.50M | ||||
| Investment in Securities | 415.20M | -712.30M | 137.70M | 818.40M | -122.10M | -468.60M |
| Other Investing Activities | -8.10M | -8.10M | -16.70M | 13.10M | 130.70M | 125.30M |
| Investing Cash Flow | -1.34B | -2.61B | -1.43B | -1.56B | -1.90B | -1.41B |
| Long-Term Debt Issued | 1.19B | |||||
| Long-Term Debt Repaid | -1.22B | -86.40M | -1.14B | -1.09B | -1.78B | |
| Lease Payments | -35.30M | -34.10M | -36.40M | -42.70M | -46.30M | -53.00M |
| Net Debt Issued (Repaid) | -2.20B | -1.22B | -86.40M | -1.14B | -1.09B | -583.30M |
| Issuance of Common Stock | 2.20M | 3.20M | 4.90M | 16.40M | 31.70M | 46.80M |
| Repurchase of Common Stock | -630.80M | -536.50M | -1.48B | |||
| Common Dividends Paid | -443.30M | -443.30M | -437.70M | -199.50M | ||
| Financing Cash Flow | -3.27B | -2.20B | -2.00B | -1.33B | -1.05B | -536.50M |
| Foreign Exchange Rate Adjustments | 34.80M | -11.30M | 700.00K | 4.90M | -5.50M | 28.70M |
| Net Cash Flow | -1.13B | -1.13B | -12.10M | 276.10M | 930.30M | 18.30M |
| Free Cash Flow | 1.70B | 1.80B | 1.86B | 766.00M | 1.98B | 758.90M |
| Free Cash Flow Margin | 10.88% | 11.60% | 13.36% | 5.70% | 18.34% | 15.81% |
| Free Cash Flow Per Share | 1.60 | 1.69 | 1.68 | 0.67 | 1.73 | 0.67 |
| Levered Free Cash Flow | -217.74M | -1.13B | 1.23B | -568.74M | 2.70B | 115.92M |
| Unlevered Free Cash Flow | -194.11M | -1.11B | 1.27B | -516.86M | 2.75B | 173.05M |
| Free Cash Flow After Leases | 1.66B | 1.77B | 1.83B | 723.30M | 1.93B | 705.90M |
| Cash Interest Paid | 48.30M | 51.00M | 69.70M | 88.70M | 75.00M | 86.60M |
| Cash Income Tax Paid | 248.90M | 251.50M | 84.90M | 49.10M | 4.10M | -9.50M |
| Change in Working Capital | 183.10M | 130.00M | 481.80M | 30.50M | 1.37B | 1.78B |
Ratios
Fiscal year April - March; amounts in EUR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.80B | 28.90B | 21.45B | 25.86B | 18.41B | 17.13B |
| Enterprise Value | 23.87B | 27.82B | 21.40B | 25.73B | 19.47B | 19.53B |
| Last Close Price | 53.72 | 57.33 | 41.56 | 56.00 | 36.00 | 33.26 |
| PE Ratio | 13.42 | 11.53 | 12.32 | 12.50 | 12.90 | |
| PS Ratio | 1.50 | 1.61 | 1.42 | 1.78 | 1.57 | 3.21 |
| PB Ratio | 2.47 | 2.48 | 2.82 | 3.15 | 3.00 | 2.78 |
| P/TBV Ratio | 2.51 | 2.52 | 2.88 | 3.21 | 3.08 | 2.86 |
| P/FCF Ratio | 14.10 | 13.90 | 10.65 | 31.30 | 8.57 | 20.32 |
| P/OCF Ratio | 6.95 | 6.78 | 5.81 | 7.59 | 4.35 | 7.95 |
| EV/Sales Ratio | 1.34 | 1.55 | 1.42 | 1.77 | 1.66 | 3.66 |
| EV/EBITDA Ratio | 6.11 | 6.55 | 7.31 | 7.81 | 7.85 | 54.04 |
| EV/EBIT Ratio | 10.26 | 10.16 | 12.71 | 11.57 | 12.42 | |
| EV/FCF Ratio | 12.56 | 13.38 | 10.63 | 31.13 | 9.07 | 23.17 |
| Debt / Equity Ratio | 0.02 | 0.15 | 0.38 | 0.36 | 0.73 | 0.92 |
| Debt / EBITDA Ratio | 0.05 | 0.40 | 0.97 | 0.88 | 1.74 | 13.37 |
| Debt / FCF Ratio | 0.11 | 0.83 | 1.44 | 3.59 | 2.08 | 6.69 |
| Net Debt / Equity Ratio | -0.28 | -0.20 | -0.18 | -0.18 | -0.10 | 0.27 |
| Net Debt / EBITDA Ratio | -0.77 | -0.56 | -0.47 | -0.45 | -0.24 | 4.53 |
| Net Debt / FCF Ratio | -1.55 | -1.14 | -0.69 | -1.78 | -0.27 | 1.94 |
| Asset Turnover | 0.86 | 0.83 | 0.80 | 0.80 | 0.68 | 0.35 |
| Inventory Turnover | 2,341.04 | 2,320.89 | 1,906.98 | 1,568.26 | 1,501.94 | 1,015.14 |
| Quick Ratio | 0.37 | 0.42 | 0.50 | 0.66 | 0.64 | 0.68 |
| Current Ratio | 0.79 | 0.90 | 0.74 | 0.91 | 0.80 | 1.01 |
| Return on Equity (ROE) | 22.41% | 25.37% | 22.00% | 28.92% | 23.48% | -4.72% |
| Return on Assets (ROA) | 7.02% | 7.97% | 5.62% | 7.67% | 5.71% | -1.54% |
| Return on Invested Capital (ROIC) | 24.77% | 30.86% | 23.44% | 32.71% | 21.68% | -4.86% |
| Return on Capital Employed (ROCE) | 19.70% | 21.20% | 16.70% | 19.10% | 16.10% | -3.50% |
| Earnings Yield | 7.45% | 8.67% | 8.12% | 8.00% | 7.75% | -1.56% |
| FCF Yield | 7.09% | 7.19% | 9.39% | 3.19% | 11.66% | 4.92% |
| Dividend Yield | 1.41% | 1.62% | 2.41% | 1.68% | ||
| Payout Ratio | 18.91% | 20.39% | 27.16% | 10.41% | ||
| Buyback Yield / Dilution | 2.74% | 3.91% | 3.26% | -0.47% | -0.80% | -1.81% |
| Total Shareholder Return | 4.15% | 5.53% | 5.67% | 1.21% | -0.80% | -1.81% |