Ryanair Holdings (RYAAY) Financial Statements & Analysis

Ryanair Holdings (RYAAY) Income Statement

Ryanair Holdings reported revenue of EUR 15.54B in fiscal 2026 (fiscal year ended Mar 31, 2026), up 11.4% from EUR 13.95B a year earlier. Net income was EUR 2.17B, up 34.9% year over year, a net margin of 14.0%. Gross margin was 22.6% and operating margin 15.3%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was EUR 4.38B, up 1.1% from the same quarter a year earlier.

Ryanair Holdings Income Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Ryanair Holdings plc income statement - Annual data in billions EUR
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	15.54	13.95	13.44	10.78	4.80	1.64	8.49	7.70	7.15	6.65
Cost of Revenue	12.03	11.30	10.46	7.74	4.68	1.70	6.72	5.49	4.51	4.29
Gross Profit	3.51	2.65	2.98	3.04	0.12	-0.07	1.77	2.20	2.64	2.35
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	1.14	1.09	0.92	0.67	0.46	0.20	0.65	0.55	0.41	0.32
Operating Expenses	1.14	1.09	0.92	1.60	0.46	0.77	0.65	1.20	0.97	0.82
Operating Income	2.37	1.56	2.06	1.44	-0.34	-0.84	1.13	1.02	1.67	1.53
Other Income/Expense
Interest Income	0.12	0.29	0.14	0.04	0.00	0.02	0.02	0.00	0.00	0.00
Interest Expense	0.04	0.07	0.08	-0.08	0.09	0.07	0.07	0.06	0.06	0.07
Other Income/Expense	-0.03	0.00	0.01	0.00	-0.09	-0.27	-0.46	-0.07	-0.06	-0.06
Income
Income Before Tax	2.42	1.78	2.13	1.44	-0.43	-1.11	0.67	0.95	1.61	1.47
Income Tax Expense	0.25	0.17	0.21	0.13	-0.19	-0.09	0.02	0.06	0.16	0.15
Net Income	2.17	1.61	1.92	1.31	-0.24	-1.02	0.65	0.89	1.45	1.32
Net Income - Continuous Operations	2.17	1.61	1.92	1.31	-0.24	-1.02	0.65	0.89	1.45	1.32
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	3.83	3.07	3.27	2.28	0.38	-0.34	1.49	1.65	2.23	2.03
EBIT	2.46	1.85	2.21	1.44	-0.34	-0.84	-	-	-	-
Depreciation & Amortization	1.37	1.21	1.06	0.84	0.72	0.50	0.75	0.64	0.56	0.50
Earnings Per Share
Basic EPS	4.00	3.00	3.00	1.00	-1.00	-2.00	1.00	2.00	2.00	2.00
Diluted EPS	4.00	3.00	3.00	2.00	-1.00	-2.00	1.00	2.00	2.00	2.00
Basic Shares Outstanding	0.53	0.55	0.57	1.14	0.28	0.56	0.56	0.57	0.60	0.62
Diluted Shares Outstanding	0.53	0.55	0.57	1.14	0.28	0.56	0.56	0.58	0.60	0.63

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ryanair Holdings Financial Statements

What was Ryanair Holdings's revenue in fiscal 2026?

Ryanair Holdings reported revenue of EUR 15.54B in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 11.4% from EUR 13.95B a year earlier.

Is Ryanair Holdings profitable?

Yes. Ryanair Holdings earned net income of EUR 2.17B in fiscal 2026, a net margin of 14.0%. In fiscal 2025 it earned EUR 1.61B.

What is Ryanair Holdings's operating margin?

Ryanair Holdings's operating income was EUR 2.37B on revenue of EUR 15.54B in fiscal 2026, an operating margin of 15.3%, compared with 11.2% 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