Saturday 17 October 2026 Export RYAAY’s income statement to Excel — free account

Ryanair Holdings PLC

Ryanair Holdings PLC’s revenue for fiscal 2026 (year ended March 2026) was $18.0 billion, up 20.3% from fiscal 2025. In the quarter to June 2026, revenue grew 3.52%, EPS fell 72.6%, free cash flow fell 10.7% and total debt fell 98.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

52.61 0.52 +1.00%

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Market cap: $27.0B
P/E: 5.3×
Fwd P/E: —
Dividend yield: 0.00%
F-score: 9/9
Altman Z: 3.25
Beneish M: −3.05
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.39

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	10	1	—	—	—	—

Insider Ownership 0.52%

Capital & Financial Ratios $m

Market Cap 26,980.00

Revenue 18,201.63

Net Income 2,215.49

Free Cash Flow 1,989.45

Net Debt (4,299.55)

Current Ratio 0.79

Debt/Equity 0.00

P/E ratio 5.27

Fwd P/E —

P/S ratio 1.50

P/B ratio 2.48

Past 5Y EPS Growth —

This Y EPS Growth (20.91%)

Next Y EPS Growth (3.25%)

Next Y revenue growth —

Next 5Y EPS Growth 3.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 9.77%

10-year low 10-year high

P/S against its own 10 years 19.39%

10-year low 10-year high

P/B against its own 10 years 24.59%

10-year low 10-year high

EV/Sales against its own 10 years 17.77%

10-year low 10-year high

EV/FCF against its own 10 years 30.07%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2025	1.00	0.46 0.53 0.53
2024	0.96	0.39 0.96 0.40

special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	4,837	4,283	6,624	4,344
Receivables	83	79	51	111
Inventory	7	5	6	5
Other	1,380	2,090	2,302	2,747
	6,307	6,456	8,983	7,208

	2024	2025	2026	Q'26
Payables	857	754	707	829
ST’ Debt	54	911	1,390	—
Other	243	299	235	126
	6,927	8,759	9,943	9,128

Compound Annual Growth %

	10y	5y	3y
Sales	9.59%	56.66%	17.12%
Cash Flow	7.71%	0.00%	1.88%
Earnings	3.89%	0.00%	22.60%
Book Value	11.42%	16.64%	25.86%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	5,097	—	—	—	—
’26	4,924	6,405	3,742	2,957	18,028
’25	3,905	5,570	3,155	2,354	14,985
’24	3,979	5,361	2,906	2,303	14,550
’23	2,769	3,898	2,360	2,008	11,221
’22	446	2,104	1,681	1,349	5,581
’21	138	1,229	407	137	1,911

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	1,399	—	—	—	—
’26	1,655	424	(93)	2,299	4,285
’25	1,213	86	(132)	2,502	3,669
’24	1,365	421	(401)	2,033	3,418
’23	1,501	268	(14)	2,361	4,052
’22	716	510	(189)	1,219	2,256
’21	(382)	(971)	(1,097)	(409)	(2,859)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	847	—	—	—	—
’26	948	(170)	(465)	1,777	2,091
’25	673	(352)	(319)	1,999	2,002
’24	205	(145)	(758)	1,527	829
’23	1,058	(190)	(405)	2,361	2,063
’22	617	275	(672)	790	1,011
’21	(534)	(653)	(1,128)	(758)	(3,073)

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	1.19	—	—	—	—
’26	4.35	9.40	0.17	(0.86)	4.74
’25	0.68	7.06	0.72	(0.59)	3.12
’24	1.26	2.88	0.03	(0.52)	3.64
’23	0.35	0.92	0.36	(0.14)	2.68
’22	(0.58)	0.46	(0.19)	(0.19)	(0.50)
’21	(0.37)	(0.48)	(0.68)	(0.61)	(2.14)

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	31.35	27.03	22.31	17.78	37.89	22.37	29.60	36.97	38.52	51.02	Analyst estimates 2027–2029 Powerpack
	High	50.96	51.06	35.35	47.29	50.92	50.32	54.48	60.32	73.92	74.24
People
People	Employees	13,026	14,583	16,840	17,268	15,016	19,116	22,261	27,076	25,952	25,711
	Revenue/emp, $m	0.56	0.57	0.53	0.55	0.13	0.29	0.50	0.54	0.58	0.70
Income, $m
Income, $m	Revenue	7,295	8,372	8,914	9,445	1,911	5,581	11,221	14,550	14,985	18,028
	Gross margin, %	58.21	60.27	54.68	54.06	49.27	47.66	51.13	50.71	50.51	53.80
	EBT	1,614	1,887	1,098	745	(1,295)	(500)	1,502	2,303	1,917	2,811
	EBT margin, %	22.12	22.53	12.32	7.89	(67.78)	(8.95)	13.39	15.83	12.79	15.59
	Net income	1,444	1,698	1,025	721	(1,186)	(280)	1,368	2,075	1,731	2,521
	Depreciation	546	657	742	832	667	836	961	1,147	1,305	1,593
Per share, $
Per share, $	Revenue	11.68	14.03	15.59	16.96	3.44	9.87	19.74	25.54	27.21	34.16
	Earnings	2.31	2.84	1.79	1.30	(2.14)	(0.50)	2.69	3.65	3.14	4.78
	Cash flow	3.38	4.38	4.09	3.88	(5.15)	3.99	7.13	6.00	6.66	8.12
	Capex	(2.55)	(2.89)	(3.13)	(2.39)	(0.38)	(2.20)	(3.50)	(4.54)	(3.03)	(4.16)
	Free cash flow	0.84	1.50	0.95	1.49	(5.53)	1.79	3.63	1.46	3.63	3.96
	Book value	7.77	8.77	10.56	9.81	9.78	11.40	10.34	14.47	13.73	22.20
	Shares, m	625	597	572	557	555	565	568	570	551	528
Valuation, ×
Valuation, ×	P/E	12.71	17.15	16.51	16.24	0.00	0.00	25.20	16.00	5.36	4.39
	P/S	2.84	3.43	1.93	1.25	13.37	3.53	0.78	2.29	1.56	1.69
	P/B	4.28	5.48	2.84	2.16	4.71	3.06	1.40	4.05	3.09	2.60
	EV/Sales	2.84	3.44	1.95	1.27	14.65	3.80	0.72	2.15	1.45	1.41
	EV/FCF	39.52	32.23	31.81	14.43	(9.11)	21.01	3.33	37.81	10.88	12.17
Cash, $m
Cash, $m	Operating cash flow	2,115	2,615	2,336	2,161	(2,859)	2,256	4,052	3,418	3,669	4,285
	Capex	(1,591)	(1,722)	(1,791)	(1,329)	(213)	(1,245)	(1,989)	(2,589)	(1,668)	(2,195)
	Free cash flow	524	893	545	832	(3,073)	1,011	2,063	829	2,002	2,091
Balance, $m
Balance, $m	Working capital	1,859	909	(339)	(1,128)	(80)	89	(1,573)	(621)	(2,302)	(960)
	Total debt	4,812	4,640	4,220	4,409	6,125	5,742	4,072	2,795	2,722	1,562
	Net debt	(46)	83	163	175	2,445	1,527	(1,101)	(2,042)	(1,561)	(5,062)
	Shareholders’ equity	4,854	5,232	6,039	5,464	5,427	6,446	5,877	8,241	7,560	11,716
Returns, %
Returns, %	ROA	11.31	12.29	6.87	4.54	(7.70)	(1.75)	7.89	11.63	9.26	12.09
	ROIC	21.88	22.95	11.87	13.89	(7.78)	(3.09)	19.66	22.49	17.44	25.86
	ROE	32.72	33.67	18.19	12.54	(21.77)	(4.72)	22.21	29.39	21.91	26.16

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DAL Delta Air Lines, Inc.	$51.4B	15.0×	16.9×	+21.07% (above 0%: growing)	−47.25% (below 0%: shrinking)	−56.40% (below 0%: shrinking)	21.85%	7.20%	Compare
UAL United Airlines Holdings Inc	$32.9B	9.0×	10.8×	+15.99% (above 0%: growing)	−17.17% (below 0%: shrinking)	−69.34% (below 0%: shrinking)	61.75%	6.20%	Compare
RYAAY Ryanair Holdings PLC	$27.0B	5.3×	—	+3.52% (above 0%: growing)	−72.60% (below 0%: shrinking)	−10.66% (below 0%: shrinking)	49.61%	13.12%
LUV Southwest Airlines Co.	$20.0B	23.8×	15.0×	+16.40% (above 0%: growing)	+20.00% (above 0%: growing)	+86.75% (above 0%: growing)	21.20%	3.38%	Compare
ZNH China Southern Airlines Company Limited	$17.7B	— (loss-making)	—	−21.77% (below 0%: shrinking)	n/m	+258.94% (above 0%: growing)	10.93%	3.41%	Compare
LTM LATAM Airlines Group S.A.	$13.9B	8.7×	8.8×	+27.15% (above 0%: growing)	−45.68% (below 0%: shrinking)	−20.71% (below 0%: shrinking)	16.27%	5.29%	Compare
AAL American Airlines Group Inc.	$8.1B	— (loss-making)	— (loss-making)	+16.28% (above 0%: growing)	−87.91% (below 0%: shrinking)	−175.65% (below 0%: shrinking)	20.73%	2.67%	Compare
CPA Copa Holdings, S.A.	$5.5B	8.7×	8.2×	+25.72% (above 0%: growing)	−53.74% (below 0%: shrinking)	+207.63% (above 0%: growing)	50.85%	8.65%	Compare
ALK Alaska Air Group, Inc.	$4.1B	— (loss-making)	— (loss-making)	+9.75% (above 0%: growing)	n/m	−14.61% (below 0%: shrinking)	100.00%	(4.13%)	Compare
Median of peers	$15.8B	9.0×	10.8×	+16.34%	−46.46%	−17.66%	21.53%	4.35%

All 19 Airlines stocks →

Ryanair Holdings PLC (RYAAY) key facts

Strength: Ryanair Holdings PLC’s revenue for fiscal 2026 (year ended March 2026) was $18.0 billion, up 20.3% from fiscal 2025.
Ryanair Holdings PLC (RYAAY) is an Airlines company in the Industrials sector, traded in the US as an ADR.
As of October 16, 2026, RYAAY traded at $52.61, a market capitalization of $27.0 billion.
Return on equity was 26.2% and debt-to-equity 0.00.
Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 3.25 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.