AAR (AIR) Financial Statements & Analysis

AAR (AIR) Income Statement

AAR reported revenue of $3.31B in fiscal 2026 (fiscal year ended May 31, 2026), up 19.0% from $2.78B a year earlier. Net income was $187.70M, up 1401.6% year over year, a net margin of 5.7%. Gross margin was 18.8% and operating margin 8.2%. In the most recent quarter, Q1 fiscal 2027 (ended Aug 31, 2026), revenue was $918.00M, up 24.1% from the same quarter a year earlier.

AAR Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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AAR Corp. income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Revenue & Gross Profit
Revenue	3.31	2.78	2.32	1.99	1.82	1.65	2.07	2.05	1.75	1.77
Cost of Revenue	2.69	2.25	1.88	1.62	1.51	1.38	1.80	1.72	1.45	1.49
Gross Profit	0.62	0.53	0.44	0.37	0.31	0.28	0.27	0.33	0.29	0.28
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.35	0.35	0.31	0.23	0.20	0.18	0.22	0.22	0.21	0.20
Operating Expenses	0.35	0.35	0.31	0.24	0.21	0.19	0.23	0.23	0.21	0.20
Operating Income	0.27	0.18	0.13	0.13	0.11	0.09	0.04	0.10	0.09	0.08
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.07	0.08	0.04	0.01	0.00	0.01	0.01	0.01	0.01	0.01
Other Income/Expense	0.05	-0.07	-0.03	-0.01	0.00	-0.02	-0.01	-0.01	-0.01	-0.01
Income
Income Before Tax	0.25	0.04	0.06	0.12	0.11	0.06	0.03	0.09	0.08	0.07
Income Tax Expense	0.06	0.03	0.01	0.03	0.03	0.02	0.01	0.00	0.00	0.02
Net Income	0.19	0.01	0.05	0.09	0.08	0.04	0.02	0.01	0.02	0.06
Net Income - Continuous Operations	0.19	0.01	0.05	0.09	0.08	0.04	0.02	0.01	0.02	0.06
Net Income - Discontinued Operations	-	-	-	0.00	0.00	-	-	-	-	-
EBITDA	0.39	0.17	0.14	0.16	0.14	0.07	0.09	0.14	0.13	0.12
EBIT	0.32	0.11	0.10	0.14	0.11	0.09	-	-	-	-
Depreciation & Amortization	0.07	0.06	0.04	0.03	0.03	0.04	0.04	0.04	0.04	0.04
Earnings Per Share
Basic EPS	5.00	-	1.00	3.00	2.00	1.00	1.00	-	-	2.00
Diluted EPS	5.00	-	1.00	3.00	2.00	1.00	1.00	-	-	2.00
Basic Shares Outstanding	0.04	0.04	0.04	0.03	0.04	0.04	0.03	0.03	0.03	0.03
Diluted Shares Outstanding	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About AAR Financial Statements

What was AAR's revenue in fiscal 2026?

AAR reported revenue of $3.31B in fiscal 2026 (fiscal year ended May 31, 2026). That was up 19.0% from $2.78B a year earlier.

Is AAR profitable?

Yes. AAR earned net income of $187.70M in fiscal 2026, a net margin of 5.7%. In fiscal 2025 it earned $12.50M.

What is AAR's operating margin?

AAR's operating income was $270.60M on revenue of $3.31B in fiscal 2026, an operating margin of 8.2%, compared with 6.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition