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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.95B | 13.44B | 10.78B | 4.80B | 1.64B |
| Gross Profit | 2.65B | 3.88B | 2.22B | 120.70M | -66.90M |
| EBITDA | 3.07B | 3.06B | 2.44B | 381.00M | -337.00M |
| Net Income | 1.61B | 1.92B | 1.31B | -240.80M | -1.02B |
Balance Sheet | |||||
| Total Assets | 17.51B | 17.18B | 16.41B | 15.15B | 12.33B |
| Cash, Cash Equivalents and Short-Term Investments | 3.96B | 4.11B | 4.66B | 3.60B | 3.12B |
| Total Debt | 2.68B | 2.75B | 4.12B | 5.08B | 5.43B |
| Total Liabilities | 10.47B | 9.56B | 10.76B | 9.60B | 7.68B |
| Stockholders Equity | 7.04B | 7.61B | 5.64B | 5.55B | 4.65B |
Cash Flow | |||||
| Free Cash Flow | 1.86B | 766.00M | 1.98B | 758.90M | 758.90M |
| Operating Cash Flow | 3.42B | 3.16B | 3.89B | 1.94B | 1.94B |
| Investing Cash Flow | -1.43B | -1.56B | -1.90B | -1.41B | -1.41B |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $35.60B | 14.22 | 28.00% | 1.37% | 14.75% | 71.73% | |
72 Outperform | $18.79B | 15.75 | 135.73% | 3.50% | 6.81% | 58.22% | |
70 Outperform | $43.02B | 8.69 | 27.78% | 0.96% | 4.33% | -1.58% | |
68 Neutral | $33.12B | 10.00 | 23.99% | ― | 4.24% | 20.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $24.58B | 61.39 | 4.81% | 1.73% | 0.65% | ― | |
47 Neutral | $8.78B | 79.88 | ― | ― | 1.27% | 118.64% |
Ryanair Holdings Corporate Events
On 26 January 2026, U.S.-based investment group The Capital Group Companies, Inc. notified Ryanair Holdings that its aggregate holding of voting rights in the airline had risen above the 14% threshold, reaching 14.10% of the company’s total voting rights, equivalent to 148,063,943 voting rights, all held through shares rather than financial instruments. The move, formally recorded in a regulatory filing on 27 January 2026, reflects increased exposure by Capital Group’s asset management arms—led by Capital Research and Management Company, which now also exceeds 14%—and underscores growing institutional investor interest in Ryanair, potentially reinforcing the airline’s shareholder base and its standing among global fund managers without implying direct strategic control, as the shares are held on behalf of client accounts under discretionary management.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 19 and 23 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 8,218 ordinary shares and 345,408 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back programme launched in May 2025. The purchases, conducted at volume-weighted average prices in euros for ordinary shares and in US dollars for ADS-underlying shares, reflect Ryanair’s continued capital return strategy to shrink its share count, which can enhance earnings per share and signal management’s confidence in the company’s financial position, while all repurchased shares are being cancelled in line with EU market abuse regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 26 January 2026, Ryanair reported third-quarter FY26 profit after tax of €115 million before exceptional items, down from €149 million a year earlier, with post-exceptional profit dropping to €30 million following an €85 million provision related to a disputed Italian competition authority fine. Despite the profit decline, Q3 revenue rose 9% to €3.21 billion as traffic grew 6% to 47.5 million passengers, average fares increased 4%, and ancillary revenue climbed 7%, while unit costs remained flat per passenger; the airline highlighted strong hedging positions on fuel, a robust BBB+ rated balance sheet with €1 billion net cash, ongoing share buybacks and dividends, and reiterated its growth plan to 216 million passengers in FY27 and 300 million annually by FY34, supported by its expanding Boeing 737-8200 “Gamechanger” fleet, capacity reallocation towards lower-tax markets, continued ESG upgrades, and expectations of structurally constrained European short-haul capacity. The company is appealing the €256 million Italian AGCM fine it describes as baseless, and for FY26 it modestly raised its traffic forecast to almost 208 million passengers and now guides pre-exceptional full-year profit after tax in the €2.13–€2.23 billion range, while cautioning that final results remain vulnerable to geopolitical risks, macroeconomic shocks and persistent European air traffic control disruptions.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 12 and 16 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 3,947 ordinary shares and 418,424 ordinary shares underlying its American Depositary Shares as part of its ongoing share buyback programme launched on 20 May 2025. The purchases, disclosed with volume-weighted average prices in euros and U.S. dollars, reflect Ryanair’s continued capital return strategy, reducing its share count and potentially enhancing earnings per share, while the company has committed to providing weekly updates on transactions under the programme in line with EU market abuse regulation.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 9 January 2026, The Capital Group Companies, Inc. reduced its holding in Ryanair Holdings PLC to 13.98% of the airline’s total voting rights, falling below the 14% disclosure threshold, with the change formally notified to the issuer and regulators on 12 January 2026. The adjustment, reflecting a modest disposal of shares primarily held via depository receipts and managed by Capital Research and Management Company and related entities, marginally trims a major institutional investor’s stake but leaves Capital Group as a significant shareholder, underscoring continued substantial institutional backing for Ryanair despite the slight decrease in ownership concentration.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 5 and 9 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 4,404 ordinary shares and 263,310 ordinary shares underlying American Depositary Shares as part of its previously announced share buy-back programme. The weekly purchases, conducted at volume-weighted average prices in euros for ordinary shares and in U.S. dollars for ADS-related shares, form part of an ongoing capital management strategy that reduces the company’s share count, potentially enhancing earnings per share and signalling continued confidence in its financial position to investors.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 5 January 2026, Ryanair reported that its December 2025 traffic rose 7% year-on-year to 14.5 million passengers, up from 13.6 million in December 2024, while maintaining a stable load factor of 92%. The airline operated over 82,000 flights during the month, and its rolling 12-month passenger numbers increased 5% to 206.5 million from 197.2 million a year earlier, with the load factor steady at 94%, underscoring continued strong demand and capacity utilization that reinforce Ryanair’s position as a dominant low-cost carrier in the European 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 29 December 2025 and 2 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 2,616 ordinary shares and 159,468 ordinary shares underlying American Depositary Shares as part of its previously announced share buy-back programme. Conducted at volume-weighted average prices of around €29.4 for ordinary shares and approximately $36.4 for ADS-underlying shares, the transactions reduce Ryanair’s share count and may enhance earnings per share, underscoring ongoing capital return to investors and disciplined balance-sheet management in line with its 2025 buyback initiative.
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 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.