Ryanair Holdings plc Sponsored ADR (RYAAY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.29	$1.17	-9.3%	—	$4.4B	—
Q3 26	$0.15	$0.26	+73.3%	—	$3.2B	—
Q2 26	$3.63	$3.71	+2.2%	—	$5.5B	—
Q1 26	$1.48	$1.79	+20.9%	—	$4.3B	—
Q4 25	-$0.64	-$0.63	+1.6%	—	$2.3B	—
Q3 25	$0.08	$0.29	+262.5%	—	$3.5B	—
Q2 25	$2.81	$6.99	+148.8%	—	$5.9B	—
Q1 25	$1.17	$0.68	-41.9%	—	$3.6B	—
Q4 24	-$0.53	-$0.52	+1.9%	—	$2.2B	—
Q3 24	$0.16	$0.03	-81.3%	—	$2.7B	—
Q2 24	$2.91	$2.84	-2.4%	—	$4.9B	—
Q1 24	$0.97	$1.28	+32.0%	—	$3.6B	—
Q4 23	-$0.4	-$0.3	+25.0%	—	$1.8B	—
Q3 23	$0.35	$0.4	+14.3%	—	$2.3B	—
Q2 23	$2.13	$2.11	-0.9%	—	$4B	—
Q1 23	$0.32	$0.3	-6.3%	—	$2.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.12	—	—	$15.5B	—
FY25	—	$2.93	—	—	$13.9B	—
FY24	—	$3.37	—	—	$13.4B	—
FY23	—	$2.31	—	—	$10.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$6.6B	$7.2B	$7.7B	$8.5B	$1.6B	$4.8B	$10.8B	$13.4B	$13.9B	$15.5B
YoY change	+1.71%	+7.57%	+7.64%	+10.4%	-80.7%	+193.5%	+124.4%	+24.8%	+3.75%	+11.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	6.6B	7.2B	7.7B	8.5B	1.6B	4.8B	10.8B	13.4B	13.9B	15.5B
Cost of revenue	4.8B	5B	6.1B	6.7B	2.2B	4.7B	8.6B	10.5B	11.3B	12B
Gross profit	1.9B	2.1B	1.6B	1.8B	-604.1M	120.7M	2.2B	3B	2.7B	3.5B
Gross margin	28.4%	29.6%	21%	20.9%	-36.9%	2.51%	20.6%	22.2%	19%	22.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	355.8M	447.4M	602.1M	646.3M	235.3M	460.3M	780.4M	921.8M	1.1B	1.1B
Operating expenses	355.8M	447.4M	602.1M	646.3M	235.3M	460.3M	780.4M	921.8M	1.1B	1.1B
Operating income	1.5B	1.7B	1B	1.1B	-839.4M	-339.6M	1.4B	2.1B	1.6B	2.4B
Operating margin	23.1%	23.3%	13.2%	13.3%	-51.3%	-7.07%	13.4%	15.3%	11.2%	15.3%
Non-operating income, net	-700K	2.1M	-13.3M	-405.6M	-215.5M	1.2M	34.3M	5.5M	2.4M	-30.9M
Pretax income	1.5B	1.6B	948.1M	670.3M	-1.1B	-429.8M	1.4B	2.1B	1.8B	2.4B
Income tax	154.4M	161.1M	63.1M	21.6M	-93.6M	-189M	128.7M	210.9M	172.8M	249.6M
Net income	1.3B	1.5B	885M	648.7M	-1B	-240.8M	1.3B	1.9B	1.6B	2.2B
Net margin	19.8%	20.3%	11.5%	7.64%	-62.1%	-5.02%	12.2%	14.3%	11.6%	14%
EBITDA	2B	2.2B	1.6B	1.9B	-252.4M	379.8M	2.4B	3.3B	3.1B	3.9B
EPS	2.11	2.43	1.55	1.16	-1.83	-0.43	2.31	3.37	2.93	4.12
Diluted EPS	2.09	2.41	1.53	1.16	-1.83	-0.43	2.31	3.35	2.91	4.08

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	4.9B	2.7B	2.2B	3.6B	5.9B	3.5B	2.3B	4.3B	5.5B	3.2B	2.5B	4.4B
Cost of revenue	3B	2.6B	2.2B	3B	3.7B	3.2B	2.4B	3.2B	3.3B	2.9B	2.6B	3.6B
Gross profit	1.9B	135.7M	-9.5M	585M	2.2B	317.4M	-99.2M	1.1B	2.2B	277.2M	-66.3M	778.4M
Gross margin	39.5%	5.03%	-0.44%	16.1%	37.4%	9.07%	-4.32%	26.2%	39.5%	8.62%	-2.64%	17.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	239.2M	154.6M	326.7M	219.3M	286.1M	278.8M	389.9M	221.2M	217.4M	174M	523.2M	203M
Operating expenses	239.2M	154.6M	326.7M	219.3M	286.1M	278.8M	389.9M	221.2M	217.4M	174M	523.2M	203M
Operating income	1.7B	-18.9M	-336.2M	365.7M	1.9B	38.6M	-489.1M	913.3M	1.9B	103.2M	-589.5M	575.4M
Operating margin	34.6%	-0.7%	-15.5%	10.1%	32.5%	1.1%	-21.3%	21.1%	35.5%	3.21%	-23.5%	13.1%
Non-operating income, net	-500K	5.8M	-11.2M	7M	-5.3M	24.7M	-20.9M	-31.8M	2.1M	-87.8M	86.6M	2.6M
Pretax income	1.7B	2.7M	-333.2M	400.8M	1.9B	169.9M	-426.2M	930.2M	2B	24.4M	-492.7M	592.9M
Income tax	202.6M	-12.1M	-57.4M	40.8M	271.7M	-5.8M	-98M	110.3M	242.5M	-6M	-97.2M	55.2M
Net income	1.5B	14.8M	-275.8M	360M	1.7B	175.7M	-328.2M	819.9M	1.7B	30.4M	-395.5M	537.7M
Net margin	30.8%	0.55%	-12.7%	9.93%	28.3%	5.02%	-14.3%	18.9%	31.4%	0.95%	-15.7%	12.3%
EBITDA	2B	238.7M	62.6M	671.9M	2.3B	359M	119.8M	1.3B	2.3B	517.4M	-229.7M	989.9M
EPS	6.65	0.03	—	0.63	6.45	0.27	—	1.54	3.24	0.06	—	1.03
Diluted EPS	6.62	0.03	—	0.63	6.42	0.27	—	1.53	3.22	0.06	—	1.02

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	20B	28.3B	16.5B	11.4B	24.7B	19B	20.7B	29.6B	23.3B	30.5B	28.6B
Enterprise value	20.3B	28.6B	17B	11.9B	27B	20.5B	20.2B	28.3B	22.1B	28.4B	29.7B
Shares outstanding	603M	575.9M	551.8M	537.4M	535.8M	545.5M	548.5M	508.8M	550.8M	527.8M	527.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	15.2	19.5	18.7	17.6	—	—	15.8	15.5	14.5	14	13.7
P/S	3.01	3.96	2.15	1.34	15.1	3.96	1.92	2.21	1.67	1.96	1.85
P/B	4.53	6.33	3.17	2.32	5.31	3.43	3.67	3.89	3.32	3.02	2.63
EV/EBITDA	9.96	12.8	10.4	6.25	-106.8	54	8.37	8.66	7.2	7.36	7.63
EV/Sales	3.05	4	2.21	1.4	16.5	4.27	1.87	2.1	1.58	1.83	1.68
Earnings yield	6.57%	5.12%	5.35%	5.68%	—	—	6.35%	6.47%	6.91%	7.13%	7.32%
FCF yield	2.38%	2.69%	2.85%	6.55%	-11.1%	3.99%	9.55%	2.58%	7.98%	5.91%	-0.87%
PEG	—	—	—	—	—	—	—	—	—	—	-0.41

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	28.4%	29.6%	21%	20.9%	-36.9%	2.51%	20.6%	22.2%	19%	22.6%	17.8%
Operating margin	23.1%	23.3%	13.2%	13.3%	-51.3%	-7.07%	13.4%	15.3%	11.2%	15.3%	13.1%
Net margin	19.8%	20.3%	11.5%	7.64%	-62.1%	-5.02%	12.2%	14.3%	11.6%	14%	12.1%
ROE	29.8%	32.5%	17%	13.2%	-21.8%	-4.34%	23.3%	25.2%	22.9%	21.5%	22.4%
ROA	11%	11.7%	6.68%	4.4%	-8.23%	-1.59%	8.01%	11.2%	9.21%	11%	7.02%
ROIC	29.3%	31.4%	16.7%	20.4%	-12.1%	-4.84%	25.7%	29.7%	24.4%	26.5%	26.9%
Return on tangible assets	11.1%	11.8%	6.83%	4.49%	-8.43%	-1.62%	8.15%	11.4%	9.36%	11.2%	10.5%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.56	1.23	0.93	0.82	0.98	1.01	0.8	0.91	0.74	0.9	0.79
Quick ratio	1.56	1.23	0.93	0.82	0.98	1.01	0.8	0.91	0.74	0.9	0.79
Debt / equity	0.99	0.89	0.7	0.86	1.17	0.92	0.73	0.36	0.38	0.15	0.02
Debt / assets	0.37	0.32	0.28	0.29	0.44	0.34	0.25	0.16	0.15	0.08	0.01
Net debt / EBITDA	0.13	0.14	0.29	0.23	-9.15	3.88	-0.22	-0.42	-0.42	-0.53	-0.73
Interest coverage	22.9	27.8	17	10.2	-14.9	-3.7	19.8	26.6	27.8	65.1	65.1
Effective tax rate	10.5%	10%	6.66%	3.22%	0%	0%	8.92%	9.91%	9.68%	10.3%	9.32%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	11	12.4	14	15.8	3.05	8.8	19.6	26.4	25.3	29.5	29.7
EPS (basic)	2.11	2.43	1.55	1.16	-1.83	-0.43	2.31	3.37	2.93	4.12	4.12
EPS (diluted)	2.09	2.41	1.53	1.16	-1.83	-0.43	2.31	3.35	2.91	4.08	4.07
Book value per share	7.34	7.76	9.45	9.14	8.67	10.2	10.3	15	12.8	19.1	21.1
FCF per share	0.79	1.32	0.85	1.39	-5.12	1.39	3.6	1.51	3.38	3.42	3.23
Cash per share	6.85	6.33	5.73	7.02	5.82	6.61	8.49	8.08	7.2	6.72	5.39
Capex per share	—	—	0	0	0.7	0.41	0.24	0	0	3.59	3.32

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	0%	0%	23.1%	4.67%	1.23%	0%	0%	12.2%	11.2%
Capex / operating cash flow	—	—	0%	0%	-40.9%	63.3%	6.76%	0%	0%	51.2%	50.7%
Payout ratio	—	—	—	—	—	0%	0%	10.4%	27.2%	20.4%	23.5%
Dividend yield	—	—	—	—	—	0%	0%	0.67%	1.88%	1.45%	1.62%

Yield

1.62%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.4434

ex-dividend Sep 11, 2026

Payout ratio

23%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.4434
Jan 16, 2026	$0.4545
Sep 12, 2025	$0.534
Jan 17, 2025	$0.4634
Sep 13, 2024	$0.9629
Jan 18, 2024	$0.9653
Oct 28, 2015	$1.7023
Feb 11, 2015	$2.1813

Split history

Date	Ratio
Oct 28, 2015	975:1000
Feb 28, 2007	2:1

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$4.9B	$2.7B	$2.2B	$3.6B	$5.9B	$3.5B	$2.3B	$4.3B	$5.5B	$3.2B	$2.5B	$4.4B
YoY change	+22.7%	+16.7%	+17.5%	-0.64%	+18.9%	+29.7%	+5.87%	+19.6%	-6.47%	-8.15%	+9.37%	+1.07%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	4.1B	3.6B	3.2B	3.8B	3.1B	3.6B	4.7B	4.1B	4B	3.5B
Receivables	54.3M	57.6M	59.5M	67.5M	18.6M	43.5M	59.7M	76.4M	73.5M	44.2M
Inventory	3.1M	3.7M	2.9M	3.3M	3.6M	4.3M	6M	6.2M	4.6M	4.8M
Total current assets	4.7B	4.2B	3.8B	4.5B	3.5B	5.5B	5.9B	5.8B	6B	7.7B
Property, plant & equipment	17.4B	19.5B	21.8B	9.6B	8.4B	9.1B	10B	10.8B	-6.2B	-6.8B
Goodwill & intangibles	93.6M	93.6M	292.8M	292.8M	292.8M	292.8M	292.8M	292.8M	292.8M	292.8M
Total assets	12B	12.4B	13.3B	14.7B	12.3B	15.1B	16.4B	17.2B	17.5B	19.7B
Accounts payable	294.1M	249.6M	573.8M	1.4B	336M	1B	1.1B	792.2M	702M	609.8M
Short-term debt	455.9M	434.6M	309.4M	457.3M	1.8B	1.3B	1.1B	89.4M	886.1M	1.2B
Total current liabilities	3B	3.4B	4.1B	5.5B	3.5B	5.4B	7.4B	6.4B	8.2B	8.6B
Long-term debt	3.9B	3.5B	3.3B	3.8B	3.6B	3.8B	3B	2.7B	1.8B	252.9M
Total liabilities	7.6B	7.9B	8B	9.8B	7.7B	9.6B	10.8B	9.6B	10.5B	9.6B
Shareholders' equity	4.4B	4.5B	5.2B	4.9B	4.6B	5.5B	5.6B	7.6B	7B	10.1B
Total debt	4.4B	4B	3.6B	4.2B	5.4B	5.1B	4.1B	2.7B	2.7B	1.5B
Net debt	3.2B	2.4B	2B	1.6B	2.8B	2.4B	516.9M	-1.1B	-1.2B	-1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	3.6B	379.5M	237.8M	608.5M	474.6M	0	100.1M	734.9M	3B	2.4B	3.5B	2.8B
Receivables	68.3M	—	—	—	—	—	—	—	77.7M	110.4M	44.2M	95.8M
Inventory	5.7M	—	—	—	—	—	—	—	5.3M	5.3M	4.8M	4.6M
Total current assets	5.4B	—	—	—	—	—	—	—	4.7B	4.3B	7.7B	6.2B
Property, plant & equipment	10.5B	—	—	—	—	—	—	—	11.2B	11.3B	-6.8B	11.5B
Goodwill & intangibles	146.4M	—	—	—	—	—	—	—	146.4M	146.4M	292.8M	146.4M
Total assets	16.4B	—	—	—	—	—	—	—	16.4B	16B	19.7B	18.2B
Accounts payable	982.3M	—	—	—	—	—	—	—	582.4M	477.6M	609.8M	713M
Short-term debt	76.8M	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	39.8M
Total current liabilities	4.5B	—	—	—	—	—	—	—	6.6B	6.5B	8.6B	7.9B
Long-term debt	2.7B	—	—	—	—	—	—	—	233.1M	223.5M	252.9M	142.1M
Total liabilities	7.9B	—	—	—	—	—	—	—	7.4B	7.3B	9.6B	8.7B
Shareholders' equity	8.4B	—	—	—	—	—	—	—	9B	8.8B	10.1B	9.5B
Total debt	2.8B	—	—	—	—	—	—	—	1.5B	1.5B	1.5B	181.9M
Net debt	-459.5M	—	—	—	—	—	—	—	-1.5B	-934.1M	-1.2B	-2.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	1.3B	1.5B	885M	648.7M	-1B	-240.8M	1.3B	1.9B	1.6B	2.2B
Depreciation & amortization	497.5M	561M	640.5M	748.7M	571M	719.4M	923.2M	1.1B	1.2B	1.4B
Stock-based compensation	5.7M	6.4M	7.7M	7M	3.6M	8.6M	16.2M	-3.9M	12.8M	15M
Change in working capital	-9.1M	-61.9M	59.8M	15.8M	-384.4M	63.1M	-435M	-430.6M	-468.5M	-136.6M
Operating cash flow	2B	2.1B	1.7B	1.4B	-922.2M	354.7M	2B	2.8B	2.5B	3.7B
Capital expenditure	—	—	0	0	377.6M	224.4M	132.4M	0	0	-1.9B
Investing cash flow	1.2M	751.2M	544.3M	277.7M	1.2B	235.8M	135.6M	13.1M	-16.7M	-1.9B
Dividends paid	—	—	—	—	—	0	0	-199.5M	-437.7M	-443.3M
Share repurchases	-1B	-829.1M	-531.6M	-580.5M	0	0	—	—	-1.5B	-536.5M
Financing cash flow	-671.6M	-1.2B	-854.5M	-287M	1.6B	-536.5M	-1.1B	-1.3B	-2B	-2.2B
Net change in cash	1.3B	1.6B	1.3B	1.4B	1.9B	54M	1B	1.4B	530.9M	-406.3M
Free cash flow	477.4M	762.6M	470.8M	748.3M	-2.7B	758.9M	2B	766M	1.9B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	1.5B	14.8M	-275.8M	360M	1.7B	175.7M	-328.2M	819.9M	1.7B	30.4M	-395.5M	537.7M
Depreciation & amortization	283.9M	263.4M	237.3M	313.2M	363.4M	345.2M	295.1M	343.3M	344.2M	326.4M	359.5M	417.1M
Stock-based compensation	4.5M	0	-13.8M	2.5M	6M	3M	2.6M	4.5M	4.5M	3M	3M	2.3M
Change in working capital	8M	-418.7M	-102.3M	-182.5M	306.4M	-643.4M	-6.8M	-104.1M	461.6M	-386.6M	-107.5M	-229.6M
Operating cash flow	2B	-136.8M	-212M	523.9M	2.6B	-89M	-135.3M	1.2B	320.9M	-72.8M	2B	1.2B
Capital expenditure	—	—	—	—	—	—	—	—	-490.5M	-323.9M	-455.2M	-474.7M
Investing cash flow	—	—	14.4M	—	—	—	0	-634.8M	-490.5M	-323.9M	-455.2M	-474.7M
Dividends paid	—	0	—	—	-215M	-13.5M	-240.4M	0	-229M	-11.7M	-202.6M	—
Share repurchases	0	0	—	-248.8M	-700.7M	-304.9M	-365.4M	-59.1M	-143.5M	-160.5M	-173.4M	-153.4M
Financing cash flow	-1.1B	-11M	-26.2M	-262.4M	-924.4M	-380.2M	-613.9M	-407M	-1.2B	-180.1M	-383.5M	-1.5B
Net change in cash	920.2M	-147.8M	-223.8M	261.5M	1.6B	-469.2M	-749.2M	126.5M	-1.4B	-576.8M	1.1B	-744.8M
Free cash flow	-132.7M	-703.3M	1.4B	625.2M	-385.3M	-342.6M	1.9B	835.4M	-169.6M	-396.7M	1.5B	728.7M

Ryanair Holdings plc Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement