Ryanair's Q1 results show a strong recovery and profitability, driven by significant traffic and fare growth, effective cost control, and strategic investments. However, there are notable challenges due to Boeing delivery delays and increased environmental and regulatory costs, along with an uncertain future outlook due to external risks.

Company Guidance

During the Ryanair Holdings Q1 FY '26 earnings call, CEO Michael O'Leary highlighted a strong financial performance with profit after tax escalating to EUR 820 million, compared to EUR 360 million the previous year, accompanied by a 4% traffic growth to 58 million passengers and a 21% increase in average fares. Despite Boeing delivery delays restricting growth, Ryanair saw a 15% rise in revenue per passenger and benefited from tight cost control, with unit cost inflation up just 1%. The airline's balance sheet showed resilience with net cash increasing by EUR 2 billion, positioning it to handle upcoming bond repayments. The outlook remains cautiously optimistic with a projected 3% traffic growth to 206 million passengers for FY '26, anchored by anticipated modest unit cost inflation and robust demand, although fare increases in Q2 are expected to be lower than Q1's. Despite potential external risks like geopolitical tensions and labor strikes impacting the second half, Ryanair expects to recover nearly all of last year's 7% fare decline, aiming for reasonable profit growth.

Significant Profit Increase

Q1 profit after tax rose to EUR 820 million, compared to EUR 360 million in the previous year, marking a 128% increase against weak prior year comparisons.

Traffic and Fare Growth

Traffic grew 4% to 58 million passengers with a 21% increase in fares, although the growth was partly due to a full Easter holiday in April compared to the previous year.

Cost Control Achievements

Unit cost inflation was up just 1%, demonstrating effective cost control, and revenue per passenger rose by 15%.

Strategic Investments

Ryanair took delivery of 5 Gamechanger aircraft, bringing the total to 181, and purchased 30 spare LEAP-1B engines at a significant discount.

Strong Balance Sheet

Net cash increased by EUR 2 billion, positioning Ryanair well to repay EUR 2.1 billion in bonds due over the next year.

Fuel Hedging and Environmental Costs

Ryanair is 85% hedged at $76 a barrel for FY '26 and 36% hedged at just under $66 a barrel for FY '27, providing significant cost savings.

Ryanair Holdings (DE:RY4C) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:RY4C Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2026 (Q2)	1.60 / -	1.284	―	―	―
Jul 21, 2025	2026 (Q1)	0.60 / 0.77	0.314	143.95% (+0.45)	―	―
May 19, 2025	2025 (Q4)	-0.29 / -0.28	-0.201	-36.82% (-0.07)	―	―
Jan 27, 2025	2025 (Q3)	0.04 / 0.14	0.013	946.15% (+0.12)	―	―
Nov 04, 2024	2025 (Q2)	1.28 / 1.28	1.324	-3.02% (-0.04)	―	―
Jul 22, 2024	2025 (Q1)	0.48 / 0.31	0.582	-46.05% (-0.27)	―	―
May 20, 2024	2024 (Q4)	-0.21 / -0.20	-0.111	-81.08% (-0.09)	―	―
Jan 29, 2024	2024 (Q3)	0.07 / 0.01	0.177	-92.66% (-0.16)	―	―
Nov 06, 2023	2024 (Q2)	1.25 / 1.32	0.946	39.96% (+0.38)	―	―
Jul 24, 2023	2024 (Q1)	0.42 / 0.58	0.165	252.73% (+0.42)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:RY4C Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 21, 2025	€23.06	€24.17	+4.81%
May 19, 2025	€21.59	€22.45	+3.99%
Jan 27, 2025	€19.64	€20.06	+2.17%
Nov 04, 2024	€17.18	€17.28	+0.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ryanair Holdings (DE:RY4C) report earnings?

Ryanair Holdings (DE:RY4C) is schdueled to report earning on Nov 03, 2025, Before Open (Confirmed).

What is Ryanair Holdings (DE:RY4C) earnings time?

Ryanair Holdings (DE:RY4C) earnings time is at Nov 03, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Ryanair Holdings stock?

The P/E ratio of Ryanair Holdings is N/A.

What is DE:RY4C EPS forecast?

DE:RY4C EPS forecast for the fiscal quarter 2026 (Q2) is 1.6.

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