AerCap Holdings (AER) Operating Expenses (2009 - 2026)

AerCap Holdings' (AER) quarterly Operating Expenses came in at $1.3 billion in Q1 2026, down 0.97% year-on-year from $1.4 billion in Q1 2025, and down 18.55% quarter-over-quarter from $1.7 billion in Q4 2025.

AerCap Holdings (AER) Operating Expenses (2009 - 2026) Analysis & Trends

AerCap Holdings has disclosed Operating Expenses across 18 years of filings, most recently posting $1.3 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.3 billion, down 0.97% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.4 billion (down 22.72% YoY), and the FY2025 annual result was $4.4 billion, down 22.66% from the prior year.
  • Operating Expenses came in at $1.3 billion for Q1 2026 at AerCap Holdings, down from $1.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.1 billion in Q1 2022 to a low of $484.7 million in Q2 2025.
  • The 5-year median for Operating Expenses is $1.4 billion (2025), against an average of $1.4 billion.
  • Across the five-year window, Operating Expenses jumped 392.11% in 2022 and plunged 66.52% in 2025, its largest moves.
  • AerCap Holdings' Operating Expenses stood at $1.4 billion in 2022, then sank by 40.19% to $820.6 million in 2023, then soared by 64.97% to $1.4 billion in 2024, then climbed by 22.12% to $1.7 billion in 2025, then dropped by 18.55% to $1.3 billion in 2026.
  • The last three Operating Expenses figures came in at $1.3 billion (Q1 2026), $1.7 billion (Q4 2025), and $940.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 U-Haul Holding 10.97 Bn 10.97 Bn -42.05 Mn 848.61 Mn
2 Ryder System 10.36 Bn 10.36 Bn 3.02 Bn 3.01 Bn
3 Avis Budget 6.65 Bn 6.24 Bn - 1.42 Bn
4 Gatx 6.31 Bn 7.19 Bn 561.90 Mn 410.40 Mn
5 WillScot Holdings 5.22 Bn 5.22 Bn 285.68 Mn 234.02 Mn
6 Herc Holdings 5.17 Bn 5.13 Bn 686.00 Mn 393.00 Mn
7 Mcgrath Rentcorp 2.90 Bn 2.90 Bn 96.89 Mn 76.20 Mn
8 Custom Truck One Source 2.57 Bn 2.57 Bn 103.06 Mn 71.59 Mn
9 EquipmentShare.com 2.06 Bn 1.75 Bn - -
10 AerCap Holdings 732,738.59 941,738.59 - 1.35 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.35 Bn
Dec 31, 2025 1.65 Bn
Sep 30, 2025 940.33 Mn
Jun 30, 2025 484.70 Mn
Mar 31, 2025 1.36 Bn
Dec 31, 2024 1.35 Bn
Sep 30, 2024 1.56 Bn
Jun 30, 2024 1.45 Bn
Mar 31, 2024 1.37 Bn
Dec 31, 2023 820.62 Mn
Sep 30, 2023 702.43 Mn
Jun 30, 2023 1.38 Bn
Mar 31, 2023 1.41 Bn
Dec 31, 2022 1.37 Bn
Sep 30, 2022 1.26 Bn
Jun 30, 2022 1.30 Bn
Mar 31, 2022 4.07 Bn
Dec 31, 2021 1.35 Bn
Sep 30, 2021 955.25 Mn
Jun 30, 2021 943.38 Mn