Ryanair Holdings (RYAAY) Free Cash Flow (2009 - 2026)

Ryanair Holdings (RYAAY) posted quarterly Free Cash Flow of $540.2 million for Q2 2026, down 23.77% year-on-year from $708.7 million in Q2 2025, and up 114.26% on a QoQ basis from -$3.8 billion in Q1 2026.

Ryanair Holdings (RYAAY) Free Cash Flow (2009 - 2026) Analysis & Trends

Ryanair Holdings (RYAAY) has reported Free Cash Flow for 18 consecutive years, with $540.2 million the latest figure, recorded in Q2 2026.

  • Quarterly Free Cash Flow fell 23.77% year-over-year to $540.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$2.3 billion (down 42.57% YoY) and the FY2026 annual result came in at $2.1 billion, down 3.26% from the prior year.
  • Free Cash Flow rose to $540.2 million in Q2 2026 per RYAAY's latest filing, from -$3.8 billion in the prior quarter.
  • Over the last five years, Free Cash Flow for RYAAY reached as high as $2.1 billion in Q2 2022 and fell as low as -$4.9 billion in Q1 2024.
  • A 5-year average of -$495.1 million and a median of $431.9 million in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow surged 170.16% — and 2023, when it slumped 62.1%.
  • Year by year, Free Cash Flow stood at $422.1 million in 2022, then dropped by 6.01% to $396.7 million in 2023, then tumbled by 41.74% to $231.1 million in 2024, then surged by 59.48% to $368.6 million in 2025, then soared by 46.57% to $540.2 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $540.2 million, -$3.8 billion, and $368.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Latam Airlines 30,525.85 Bn 30,523.18 Bn 1.28 Mn 386,796.00
2 Ryanair Holdings 62.16 Bn 58.97 Bn - 540.24 Mn
3 Delta Air Lines 57.43 Bn 52.76 Bn 19.07 Bn -449.00 Mn
4 Southwest Airlines 22.79 Bn 19.00 Bn 7.33 Bn -288.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 9.15 Bn 8.32 Bn - 272.00 Mn
6 Copa Holdings 5.77 Bn 4.43 Bn 713.71 Mn -949.97 Mn
7 Alaska Air 5.50 Bn 3.73 Bn 3.20 Bn 113.00 Mn
8 Skywest 4.27 Bn 3.67 Bn 1.01 Bn 161.35 Mn
9 Jetblue Airways 2.08 Bn 1.67 Bn 1.87 Bn -6.00 Mn
10 Allegiant Travel 1.87 Bn 969.61 Mn 651.87 Mn 222.64 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 540.24 Mn
Jun 30, 2026 540.24 Mn
Mar 31, 2026 -3.79 Bn
Mar 31, 2026 -3.79 Bn
Dec 31, 2025 368.58 Mn
Dec 31, 2025 368.58 Mn
Sep 30, 2025 558.17 Mn
Sep 30, 2025 558.17 Mn
Jun 30, 2025 708.72 Mn
Jun 30, 2025 708.72 Mn
Mar 31, 2025 -3.01 Bn
Mar 31, 2025 -3.01 Bn
Dec 31, 2024 231.12 Mn
Dec 31, 2024 231.12 Mn
Sep 30, 2024 441.75 Mn
Sep 30, 2024 441.75 Mn
Jun 30, 2024 570.68 Mn
Jun 30, 2024 570.68 Mn
Mar 31, 2024 -4.92 Bn
Mar 31, 2024 -4.92 Bn