Ryanair Holdings PLC

RYAAY Industrials Airlines

Ryanair Holdings PLC’s revenue for fiscal 2026 (year ended March 2026) was $18.0 billion, up 20.3% from fiscal 2025.

Revenue
+2.39%
EPS
−62.3%
Free cash flow
−150.2%
Total debt
−67.9%

Quarter to September 2026, against a year earlier

59.08 0.55 +0.94%
Market cap
$30.3B
P/E
14.3×
Fwd P/E
—
Dividend yield
0.00%
F-score
9/9
Altman Z
3.25
Beneish M
−3.05
Dividend safety
70/100

Ryanair Holdings PLC (RYAAY) Operating margin

Alert me on Operating margin

Ryanair Holdings PLC's operating margin over the twelve months to 30 September 2026 was 12.0%, down 3.3 percentage points from fiscal 2026 (15.3%). Over the past ten years it has ranged from −51.3% (fiscal 2021) to 23.3% (fiscal 2018); the current reading is higher than 58% of that period. That is above the Airlines industry median of 6.13% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 15.3% 4.10
FY2025 11.2% (4.16)
FY2024 15.3% 1.94
FY2023 13.4% 20.46
FY2022 −7.07% 44.24
FY2021 −51.3% (64.58)
FY2020 13.3% 0.06
FY2019 13.2% (10.11)
FY2018 23.3% 0.24
FY2017 23.1% 0.74

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 31.9% 18.82
Jun 2026 13.1% 32.75
Mar 2026 −19.6% (20.20)
Dec 2025 0.57% (34.96)
43 more quarters

Against its own ten years

Low −51.3% High 23.3%
Ten-year median 14.3%
Current reading's percentile 37

Operating margin against peers

Company Operating margin
CPA Copa Holdings, S.A. compare 19.4%
SKYW SkyWest, Inc. compare 13.9%
LTM LATAM Airlines Group S.A. compare 13.7%
RYAAY Ryanair Holdings PLC 12.0%
UAL United Airlines Holdings Inc compare 7.51%
DAL Delta Air Lines, Inc. compare 7.36%
LUV Southwest Airlines Co. compare 4.39%
AAL American Airlines Group Inc. compare 1.59%
ALK Alaska Air Group, Inc. compare −1.89%
Airlines industry median 6.13%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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