Ryanair's reported revenue growth has decelerated from 19.6% in 2026Q1 to 1.1% in 2027Q1, suggesting the expansion phase is maturing, while its strongly seasonal profile, with gross margins swinging from -26.2% to 45.8%, makes headline annual results highly dependent on peak-quarter fare dynamics.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has moderated toward single digits while operating margins range from -21.3% in 2025Q4 to 35.5% in 2026Q2, indicating earnings are highly sensitive to seasonal swings over a largely fixed cost base.
Ryanair offers Europe's lowest fares and direct booking with no extra fees, reinforcing its cost advantage.
With 651 aircraft across multiple subsidiaries, Ryanair benefits from operational scale and efficiency.
Trading at 12.6x earnings with a 28% ROE, Ryanair presents a compelling valuation case.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $3.46+0.0% vs $3.46 | $6.4B-1.3% vs $6.5B |
Q3 2026 Jul 20, 2026 | $1.19-4.8% vs $1.25 | $5.0B-1.2% vs $5.1B |
Q2 2026 May 18, 2026 | -$0.86+9.5% vs -$0.95 | $2.9B-5.1% vs $3.1B |
Q1 2026 Jan 26, 2026 | $0.07-54.6% vs $0.15 | $3.8B+3.3% vs $3.7B |
EasyJet announced a deal with Starlink on Monday. It means two of Europe's three major budget airlines have now signed up for Elon Musk's service.
Ryanair optimistic Boeing MAX 10 certification will be done in October
Here, we present the traffic numbers for September 2026 for four airline companies: CPA, LTM, VLRS and RYAAY.
LTM reported 6.2% traffic growth and 7.7% capacity expansion in September 2026, but its load factor fell as capacity growth outpaced demand.
Benchmark RYAAY against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ryanair Holdings plc (RYAAY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $59.30 | $30.81B | 15.61 | 11.44% | 11.28% | 17.83% | 1.57% | |
| $44.45 | $21.75B | 20.85 | 2.11% | 3.34% | 14.39% | 1.61% | |
| $7.43 | $1.71B | -4.14 | -1.35% | -8.93% | -186.46% | — | |
| $87.20 | $57.34B | 17.47 | 2.79% | 4.58% | 15.4% | 0.77% | |
| $112.74 | $36.59B | 10.32 | 3.52% | 5.46% | 21.81% | — | |
| $13.18 | $8.72B | -18.16 | 0.78% | -0.79% | — | — |
Ryanair Holdings plc (RYAAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Ryanair Holdings plc (RYAAY) stock FAQ — growth, dividends, profitability & financials explained
Ryanair Holdings plc (RYAAY) reported $15.81B in revenue over the trailing twelve months. Revenue was $15.54B in fiscal year 2026. That is 14951% more than the $103.3M of fiscal year 1997.
Ryanair Holdings plc (RYAAY) grew revenue by 4.9% over the trailing twelve months, compared with the twelve months before.
Yes. Ryanair Holdings plc (RYAAY) earned $1.78B in net income over the trailing twelve months (a 11.3% net margin).
Yes. Ryanair Holdings plc (RYAAY) pays a dividend that yields 1.57% at the current price, a moderate yield.
Ryanair Holdings plc (RYAAY) had a return on equity (ROE) of 17.8% over the trailing twelve months. That is above the market's typical 10-15%.
Ryanair Holdings plc (RYAAY) generated $1.50B in free cash flow over the trailing twelve months.
