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| Date | Value |
|---|---|
| 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 |