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Ryanair Holdings
(NASDAQ:RYAAY)
Ryanair Holdings (RYAAY) vs. SPDR S&P 500 ETF (SPY)
Ryanair Holdings Business Overview & Revenue Model
Ryanair Holdings Earnings Call Summary
Ryanair Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.07B | 13.95B | 13.44B | 10.78B | 4.80B | 1.64B |
| Gross Profit | 4.10B | 2.65B | 3.88B | 2.22B | 120.70M | -66.90M |
| EBITDA | 3.99B | 3.07B | 3.06B | 2.44B | 381.00M | -337.00M |
| Net Income | 2.36B | 1.61B | 1.92B | 1.31B | -240.80M | -1.02B |
Balance Sheet | ||||||
| Total Assets | 16.39B | 17.51B | 17.18B | 16.41B | 15.15B | 12.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.96B | 3.96B | 4.11B | 4.66B | 3.60B | 3.12B |
| Total Debt | 1.47B | 2.68B | 2.75B | 4.12B | 5.08B | 5.43B |
| Total Liabilities | 7.42B | 10.47B | 9.56B | 10.76B | 9.60B | 7.68B |
| Stockholders Equity | 8.97B | 7.04B | 7.61B | 5.64B | 5.55B | 4.65B |
Cash Flow | ||||||
| Free Cash Flow | 86.40M | 1.86B | 766.00M | 1.98B | 758.90M | 758.90M |
| Operating Cash Flow | 1.61B | 3.42B | 3.16B | 3.89B | 1.94B | 1.94B |
| Investing Cash Flow | -655.70M | -1.43B | -1.56B | -1.90B | -1.41B | -1.41B |
| Financing Cash Flow | -2.28B | -2.00B | -1.33B | -1.05B | -536.50M | -536.50M |
Ryanair Holdings Technical Analysis
Ryanair Holdings Risk Analysis
Ryanair Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $36.95B | 14.24 | 28.67% | 1.37% | 14.75% | 71.73% | |
80 Outperform | $46.90B | 10.12 | 28.52% | 0.96% | 4.33% | -1.58% | |
74 Outperform | $37.19B | 11.51 | 25.59% | ― | 4.24% | 20.29% | |
67 Neutral | $16.13B | 13.66 | 135.74% | 3.50% | 6.81% | 58.22% | |
66 Neutral | $21.95B | 64.68 | 4.22% | 1.73% | 0.65% | ― | |
64 Neutral | $10.45B | 19.03 | ― | ― | 1.27% | 118.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Ryanair Holdings Corporate Events
On 2 January 2026, Ryanair Holdings plc reported that, as of 31 December 2025, its issued share capital comprised 1,049,990,932 ordinary shares with a nominal value of €0.006 each, with no ordinary shares held in treasury, resulting in the same number of shares carrying voting rights. The disclosure, made in line with EU transparency regulations and Irish Central Bank market conduct rules, provides an updated share count that investors and other stakeholders must use as the reference denominator when assessing and reporting any interests or changes in interests in Ryanair’s share capital, ensuring continued transparency around significant shareholdings in the airline.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 23 December 2025, U.S.-based asset manager The Capital Group Companies, Inc. notified Ryanair Holdings that its aggregate holding in the airline had risen above the 14% threshold of total voting rights, up from 13.01%, all through share ownership rather than financial instruments. The disclosure, formally recorded with regulators on 24 December and filed by Ryanair with the U.S. Securities and Exchange Commission on 29 December 2025, underscores growing institutional investor exposure to Ryanair, with Capital Research and Management Company now directly controlling 14.03% of voting rights, a level that may reinforce the airline’s backing from large global fund managers and potentially increase their influence in shareholder decisions.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 22 and 26 December 2025, Ryanair Holdings plc repurchased for cancellation a total of 1,879 ordinary shares and 103,150 ordinary shares underlying its American Depositary Shares as part of its previously announced share buy-back programme launched on 20 May 2025. All repurchased shares will be cancelled, slightly reducing the company’s share count and potentially enhancing earnings per share, with Ryanair confirming that buyback transactions under the programme will continue to be disclosed on a weekly basis in line with EU market abuse regulation requirements.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 23 December 2025, Ryanair announced it has instructed its lawyers to immediately appeal a €256m fine and an associated ruling by Italy’s competition authority AGCM, which found the carrier held a dominant position in air services to and from Italy and criticised aspects of its distribution model. The airline argues the decision is legally flawed, contradicts a January 2024 Milan Court of Appeal precedent that found Ryanair’s direct distribution “undoubtedly benefits consumers” and is economically justified, and is based on a gerrymandered market definition that excludes long-haul flights and alternative transport modes. Ryanair maintains that its current agreements with online travel agents and traditional travel agents—giving them cost-free access to fares provided they do not overcharge customers—are pro-consumer and compliant with competition law, and contends that the AGCM has been misled by a small number of bricks‑and‑mortar agents and a Spanish OTA accused of overcharging. The company says it is confident the ruling and fine will be overturned on appeal, framing the case as a test of consumer protection, competition enforcement, and the legality of its low‑cost, direct‑booking model in the Italian market.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 15 and 19 December 2025, Ryanair Holdings plc repurchased for cancellation a total of 4,700 ordinary shares and 307,276 ordinary shares underlying its American Depositary Shares as part of its previously announced share buy-back programme. The purchases, conducted at volume-weighted average prices of around €29.5 per ordinary share and approximately $35.5–$36.2 per ADS-underlying share, reduce the company’s share count and reflect ongoing capital return to shareholders, with Ryanair committing to disclose buyback activity on a weekly basis under applicable EU market abuse regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between December 8 and December 12, 2025, it repurchased and canceled a total of 2,891 ordinary shares and 321,032 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, initially announced in May 2025, is part of Ryanair’s strategy to manage its share capital and potentially enhance shareholder value, reflecting its commitment to financial optimization.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between December 1 and December 5, 2025, it repurchased and canceled a total of 13,333 ordinary shares and 321,138 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, initially announced in May 2025, is part of Ryanair’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock price and shareholder equity positively.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings has announced an interim dividend of €0.193 per ordinary share for the fiscal year 2026, with the payment scheduled for February 25, 2026. This move reflects the company’s financial health and commitment to returning value to shareholders, potentially strengthening its market position and investor confidence.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On December 2, 2025, Parvus Asset Management Jersey Limited reduced its financial instrument holdings in Ryanair Holdings Plc, dropping below the 3% voting rights threshold through equity swaps. This change, notified on December 4, 2025, signifies a shift in the investment strategy of a major stakeholder, potentially impacting Ryanair’s market perception and shareholder dynamics.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On December 2, 2025, Ryanair announced a 6% increase in passenger traffic for November 2025, reaching 13.8 million guests compared to 13.0 million in November 2024. The airline operated over 78,000 flights during the month, maintaining a load factor of 92%. This growth reflects Ryanair’s robust operational performance and its ability to attract more passengers, reinforcing its position in the competitive airline market.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On December 1, 2025, Ryanair Holdings announced that as of November 30, 2025, its issued share capital comprised 1,051,242,505 ordinary shares, each with a nominal value of €0.006. The company does not hold any shares in treasury, making the total number of shares with voting rights identical to the issued share capital. This information is crucial for shareholders to determine their notification obligations under the relevant regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between November 24 and November 28, 2025, it repurchased a total of 9,024 ordinary shares and 257,412 shares underlying American Depositary Shares as part of its ongoing share buy-back program. These transactions are part of a strategy announced earlier in May 2025, aimed at enhancing shareholder value by reducing the number of shares outstanding, which may positively impact the company’s stock price and market perception.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between November 17 and November 21, 2025, it repurchased and cancelled a total of 11,223 ordinary shares and 321,266 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, originally announced in May 2025, aims to manage the company’s share capital efficiently, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On November 19, 2025, Ryanair Holdings publicly challenged Edreams, an online travel agent, for overcharging customers by not adhering to price transparency standards. Unlike other major OTAs such as Booking.com and Lastminute, Edreams has been accused of scraping Ryanair’s website for nearly two decades, building its business model on these practices. Ryanair has offered Edreams free access to its ticket inventory, contingent on adopting the same transparency principles followed by its competitors.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On November 13, 2025, Massachusetts Financial Services Company reduced its voting rights in Ryanair Holdings PLC to 4.97%, crossing below the 5% threshold. This change in holdings was officially notified to Ryanair on November 14, 2025, indicating a slight decrease from the previous position of 5.00%. This adjustment in voting rights may influence the company’s shareholder dynamics and could have implications for future decision-making processes within Ryanair.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between November 10 and November 14, 2025, it repurchased and canceled a total of 13,550 ordinary shares and 322,464 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, originally announced in May 2025, aims to enhance shareholder value and is set to continue with weekly announcements of further purchases.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On November 12, 2025, Ryanair announced the successful implementation of its digital boarding pass initiative, with over 700 flights departing without delays and 98% of passengers using digital passes. This initiative is expected to save the company up to €40 million annually, potentially lowering ticket prices and enhancing competitiveness in the airline industry.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between November 3 and November 7, 2025, it repurchased and canceled a total of 11,075 ordinary shares and 321,180 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This move is part of a strategy initially announced in May 2025, aimed at enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On November 5, 2025, Ryanair Holdings Plc reported a transaction involving Emer Daly, a Non-Executive Director, who exercised share options and subsequently sold shares. The exercise involved 3,000 shares at a price of €11.12 each, while the sale price was €27.165 per share. This transaction, conducted in Dublin, Ireland, reflects the company’s ongoing financial activities and may influence its stock market performance.
The most recent analyst rating on (RYAAY) stock is a Buy with a $72.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On November 4, 2025, Ryanair announced a 5% increase in its October 2025 traffic, reaching 19.2 million guests compared to the previous year. The company operated over 107,000 flights during the month, maintaining a load factor of 93%. This growth reflects Ryanair’s continued expansion and strong market positioning in the competitive airline industry.
The most recent analyst rating on (RYAAY) stock is a Buy with a $72.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between October 20 and October 24, 2025, it repurchased and canceled a total of 11,568 ordinary shares and 464,470 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This move is aligned with the company’s strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (RYAAY) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between October 13 and October 17, 2025, it repurchased and canceled a total of 59,387 ordinary shares and 859,746 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, originally announced in May 2025, is part of Ryanair’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock market performance and investor relations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between October 6 and October 10, 2025, it repurchased and canceled a total of 36,506 ordinary shares and 855,310 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This move is part of a previously announced initiative from May 2025, aimed at reducing the number of outstanding shares, potentially increasing shareholder value and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (RYAAY) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc announced that between September 29 and October 3, 2025, it repurchased and cancelled a total of 27,544 ordinary shares and 1,053,540 shares underlying American Depositary Shares as part of its ongoing share buy-back programme. This move is part of a strategy announced in May 2025 to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares.
The most recent analyst rating on (RYAAY) stock is a Buy with a $69.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.