Ryanair (ADR)
Runs a multi-airline European network built around low fares and unbundled travel services.
Something off on this page? Send us feedback.
Profile
Sells short-haul, point-to-point passenger flights across Europe through five airlines, with separately priced ancillary services adding revenue beyond the base fare. Direct digital distribution, high aircraft utilization, selective airport economics and fleet commonality support low fares, while operations depend on aircraft supply, fuel, labor, airport capacity and regulation.
Operates a five-airline group—Buzz, Lauda Europe, Malta Air, Ryanair DAC and Ryanair UK—focused on short-haul, point-to-point passenger travel across Europe. Scheduled fares are supplemented by separately priced ancillary services sold through direct digital channels.
Keeps fares low through high aircraft utilization, rapid turnarounds, fleet commonality in the principal Boeing operation, selective airport economics and continuous cost control. The model stimulates traffic and spreads the operating platform across more passengers.
Execution depends on aircraft availability and Boeing deliveries, fuel and hedging, airport and air-traffic-control capacity, labor relations, cybersecurity, and aviation and consumer regulation. The group also operates an Airbus fleet through Lauda, so its fleet is not uniform across every airline.
Company facts
Key statistics
Year to date −22.6% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Reiterate | Strong Buy | $70 | $74 | |
| Aug 14, 2026 | Morgan Stanley | Initiate | Overweight | $62.90 | ||
| Jul 6, 2026 | Bernstein | Target | $77 | $79 | ||
| Jun 8, 2026 | Bernstein | Target | $71 | $77 | ||
| Mar 12, 2026 | Evercore ISI | Target | $155 | $80 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 20, 2026Q1 FY27 | $1.25 | $1.19 | −4.8% | $5.06B | $5.00B | −1.2% | −0.19% |
| May 18, 2026Q4 FY26 | −$0.95 | −$0.86 | +9.5% | $3.08B | $2.93B | −5.1% | −3.44% |
| Jan 26, 2026Q3 FY26 | $0.15 | $0.26 | +73.3% | $3.70B | $3.82B | +3.3% | −1.45% |
| Nov 3, 2025Q2 FY26 | $3.62 | $3.76 | +3.9% | $3.13B | $6.42B | +105.3% | −0.62% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.66B | $5.03B | $6.35B | $3.72B | $2.96B | $5.08B | |
| Gross profit | −$114.9M | $1.31B | $2.91B | $699.4M | −$369.3M | $901.9M | |
| Operating income | −$566.7M | $1.06B | $2.26B | $21.1M | −$594.2M | $666.7M | |
| Net income | −$380.3M | $950.0M | $1.99B | $35.2M | −$465.8M | $623.0M | |
| Diluted EPS | −$0.70 | $3.55 | $7.46 | $0.07 | −$0.90 | $1.18 | |
| Gross margin | -4.3% | 26.2% | 45.8% | 18.8% | -12.5% | 17.8% | |
| Operating margin | -21.3% | 21.1% | 35.5% | 0.6% | -20.1% | 13.1% |
Fiscal years (4-quarter sums)FY22 $5.56B · FY23 $12.48B · FY24 $16.07B · FY25 $16.16B · FY26 $18.06B
Balance sheet, Jun 30, 2026Cash & short-term investments $3.25B · Total debt $210.8M · Total assets $21.05B · Shareholders' equity $10.98B
Dividends
Last cut to $0.4434 from $0.455 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Sep 28 | $0.4434 | cut from $0.455 |
| Jan 16, 2026 | Jan 16 | Mar 4 | $0.455 | cut from $0.5327 |
| Sep 12, 2025 | Aug 8 | Sep 25 | $0.5327 | raised from $0.4634 |
| Jan 17, 2025 | Jan 17 | Mar 10 | $0.4634 | raised from $0.3964 split-adjusted |
| Sep 13, 2024 | Aug 9 | Sep 26 | $0.9911 | raised from $0.9653 |
| Jan 18, 2024 | Jan 19 | Mar 11 | $0.9653 |
Ownership
Shares outstanding 519.42M · Float 476.51M · 91.7% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital World Investors | 34.94M | 6.73% | 13F | Aug 12, 2026 |
| Capital International Investors | 32.10M | 6.18% | 13F | Aug 12, 2026 |
| Massachusetts Financial Services Co /MA/ | 24.06M | 4.63% | 13F | Aug 3, 2026 |
| FMR LLC | 9.33M | 1.80% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 8.82M | 1.70% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 26, 2026 | John JH Hurley | officer: Ryanair DAC CTO | −15,000 | $31.24 |
| May 22, 2026 | Jason Paul McGuinness | officer: Ryanair DAC CCO | −9,999 | $27.56 |
| May 19, 2026 | Andreas Gruber | officer: Lauda Joint CEO | −13,467 | $26.01 |
| May 19, 2026 | Carol Marie Sharkey | officer: Chief Risk Officer | −6,999 | $26.01 |
| May 19, 2026 | Dara Brady | officer: Ryanair DAC CMO | −8,973 | $26.01 |
Peers
Not reported.