Ryanair Holdings plc (RYAAY) Income Statement

NASDAQ: RYAAYRevenue, profits, margins and EPS over 10 years.

RYAAY FY2026 at a glance

Fiscal year ended March 31, 2026 · euros
Revenue+12.2%
€15.65B
FY2026 · hover or tap a bar for each year
FY2017: €6.65B (+1.7%)FY2018: €7.15B (+7.6%)FY2019: €7.70B (+7.6%)FY2020: €8.49B (+10.4%)FY2021: €1.64B (−80.7%)FY2022: €4.80B (+193.5%)FY2023: €10.78B (+124.4%)FY2024: €13.44B (+24.8%)FY2025: €13.95B (+3.8%)FY2026: €15.65B (+12.2%)
FY2017FY2026
Gross profit+23.9%
€3.28B
FY2026 · hover or tap a bar for each year
FY2017: €2.35B (+8.0%)FY2018: €2.64B (+12.1%)FY2019: €2.20B (−16.5%)FY2020: €1.77B (−19.5%)FY2021: −€66.9M (−103.8%)FY2022: €120.7MFY2023: €2.22B (+1,741.8%)FY2024: €3.88B (+74.4%)FY2025: €2.65B (−31.6%)FY2026: €3.28B (+23.9%)
FY2017FY2026
Operating income+58.9%
€2.48B
FY2026 · hover or tap a bar for each year
FY2017: €1.53B (+5.1%)FY2018: €1.67B (+8.7%)FY2019: €1.02B (−39.0%)FY2020: €1.13B (+10.9%)FY2021: −€839.4M (−174.5%)FY2022: −€339.6MFY2023: €1.44BFY2024: €2.06B (+42.8%)FY2025: €1.56B (−24.4%)FY2026: €2.48B (+58.9%)
FY2017FY2026
Net income+35.8%
€2.19B
FY2026 · hover or tap a bar for each year
FY2017: €1.32B (−15.6%)FY2018: €1.45B (+10.2%)FY2019: €885.0M (−39.0%)FY2020: €648.7M (−26.7%)FY2021: −€1.02B (−256.5%)FY2022: −€240.8MFY2023: €1.31BFY2024: €1.92B (+45.9%)FY2025: €1.61B (−15.9%)FY2026: €2.19B (+35.8%)
FY2017FY2026
Net profit margin+2.4 pts
14.0%
FY2026 · hover or tap a point for each year
FY2017: 19.8% (−4.1 pts)FY2018: 20.3% (+0.5 pts)FY2019: 11.5% (−8.8 pts)FY2020: 7.6% (−3.9 pts)FY2021: −62.1% (−69.7 pts)FY2022: −5.0% (+57.0 pts)FY2023: 12.2% (+17.2 pts)FY2024: 14.3% (+2.1 pts)FY2025: 11.6% (−2.7 pts)FY2026: 14.0% (+2.4 pts)
FY2017FY2026

RYAAY revenue and net income

RevenueNet incomeNet margin (right axis)

Where RYAAY's revenue goes

FY2026
Revenue
€15.65B100.0%
Cost of revenue
−€12.36B−79.0%
Gross profit
€3.28B21.0%
Sales, general & admin
−€803.5M−5.1%
Operating income
€2.48B15.8%
Interest & other expense
−€36.1M−0.2%
Income taxes
−€251.3M−1.6%
Net income
€2.19B14.0%

Each bar shows an amount and its share of revenue. RYAAY kept 14.0% of revenue as net income.

RYAAY profit margins

GrossOperatingNet

RYAAY growth rates

to FY2026
1 year3 years5 years10 years
Revenue+12.2%+13.2%+57.1%+9.1%
Gross profit+23.9%+13.9%—+4.2%
Operating income+58.9%+19.7%—+5.4%
Net income+35.8%+18.5%—+3.4%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

RYAAY income statement in euros

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue€15.65B€13.95B€13.44B€10.78B€4.80B€1.64B€8.49B€7.70B€7.15B€6.65B
Cost of revenue€12.36B€11.30B€9.57B€8.55B€4.68B€1.70B€6.72B€5.49B€4.51B€4.29B
Gross profit€3.28B€2.65B€3.88B€2.22B€120.7M−€66.9M€1.77B€2.20B€2.64B€2.35B
Research & development———————€0€0€0
Sales, general & admin€803.5M€1.09B€921.8M€780.4M€460.3M€235.3M€646.3M€602.1M€820.8M€355.8M
Total operating expenses€808.9M€1.09B€1.82B€780.4M€460.3M€772.5M€646.3M€1.20B€969.3M€820.5M
Operating income€2.48B€1.56B€2.06B€1.44B−€339.6M−€839.4M€1.13B€1.02B€1.67B€1.53B
Interest income€117.8M€290.5M€144.8M€42.4M€0€16.0M€21.4M€3.7M€2.0M€4.2M
Interest expense€37.8M€66.5M€83.0M€76.8M€91.4M€69.8M€72.9M€59.1M€60.1M€67.2M
Income before taxes€2.44B€1.78B€2.13B€1.44B−€429.8M−€1.11B€670.3M€948.1M€1.61B€1.47B
Income taxes€251.3M€172.8M€210.9M€128.7M−€189.0M−€93.6M€21.6M€63.1M€161.1M€154.4M
Net income€2.19B€1.61B€1.92B€1.31B−€240.8M−€1.02B€648.7M€885.0M€1.45B€1.32B
EBITDA€3.82B€3.07B€3.27B€2.44B€381.0M−€273.1M€1.49B€1.65B€2.23B€2.03B
Gross margin21.0%19.0%28.8%20.6%2.5%−4.1%20.9%28.6%36.9%35.4%
Operating margin15.8%11.2%15.3%13.4%−7.1%−51.3%13.3%13.2%23.3%23.1%
Net margin14.0%11.6%14.3%12.2%−5.0%−62.1%7.6%11.5%20.3%19.8%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported in RYAAY's financial statements (latest annual report filed June 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

RYAAY financial results

In fiscal year 2026 (ended March 31, 2026), Ryanair reported revenue of €15.6 billion, up 12.2% from the year before. It had net income of €2.2 billion (up 35.8%), a net profit margin of 14.0%. Over five years revenue grew at an average rate of 57.1% a year. Figures are in euros, the currency of its financial statements.

See the RYAAY stock overview for the latest quote and news, or the RYAAY chart for price history and technical indicators.

RYAAY income statement FAQ

What is Ryanair's annual revenue?

Ryanair reported total revenue of €15.6 billion for fiscal year 2026, which ended on March 31, 2026. That was up 12.2% from €13.9 billion the previous year.

Is Ryanair profitable?

Yes. Ryanair reported net income of €2.2 billion in fiscal 2026, a net profit margin of 14.0%; its operating margin was 15.8%.

What is Ryanair's gross margin?

Ryanair's gross margin was 21.0% in fiscal 2026: for every $100 of revenue, Ryanair kept $21 after the direct cost of its products and services.

How fast is Ryanair growing?

Revenue grew 57.1% a year on average over the last five fiscal years, from €1.6 billion to €15.6 billion.

When will Ryanair report its next earnings?

Ryanair is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 before the market opens.

When does Ryanair's fiscal year end?

Ryanair's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 22, 2026.

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