Ryanair Holdings (RYAAY) Free Cash Flow (2009 - 2026)
Ryanair Holdings (RYAAY) posted Free Cash Flow of $2.0 billion for Q2 2026, down 36.89% on a QoQ basis from $3.1 billion in Q1 2026, and down 17.2% year-over-year from $2.4 billion in Q2 2025.
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Analysis
Ryanair Holdings (RYAAY) Free Cash Flow (2009 - 2026) Analysis & Trends
Ryanair Holdings has reported Free Cash Flow for 18 years, with the latest figure at $2.0 billion in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 17.2% year-over-year to $2.0 billion in Q2 2026; TTM through Jun 2026 was $6.3 billion, a 4.95% increase from a year earlier, with the FY2026 full-year figure at $6.5 billion, up 21.36% from the prior year.
- Free Cash Flow was $2.0 billion for Q2 2026 at Ryanair Holdings, down from $3.1 billion in the prior quarter.
- The five-year high for Free Cash Flow was $3.1 billion in Q1 2026, with the low at -$6.6 million in Q4 2023.
- Average Free Cash Flow over 5 years is $1.5 billion, with a median of $1.7 billion recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow sank 101.93% in 2023, then jumped 3022.54% in 2024.
- Over 5 years, Free Cash Flow stood at $339.9 million in 2022, then tumbled by 101.93% to -$6.6 million in 2023, then surged by 3022.54% to $191.8 million in 2024, then soared by 85.09% to $355.0 million in 2025, then soared by 449.4% to $2.0 billion in 2026.
- The last three Free Cash Flow figures came in at $2.0 billion (Q2 2026), $3.1 billion (Q1 2026), and $355.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 2.38 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 1.95 Bn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | -288.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 107.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 283.85 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | 83.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -74.63 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -377.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 119.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.95 Bn |
| Mar 31, 2026 | 3.09 Bn |
| Dec 31, 2025 | 355.03 Mn |
| Sep 30, 2025 | 898.07 Mn |
| Jun 30, 2025 | 2.36 Bn |
| Mar 31, 2025 | 2.99 Bn |
| Dec 31, 2024 | 191.81 Mn |
| Sep 30, 2024 | 456.31 Mn |
| Jun 30, 2024 | 1.75 Bn |
| Mar 31, 2024 | 2.53 Bn |
| Dec 31, 2023 | -6.56 Mn |
| Sep 30, 2023 | 990.94 Mn |
| Jun 30, 2023 | 2.52 Bn |
| Mar 31, 2023 | 3.02 Bn |
| Dec 31, 2022 | 339.95 Mn |
| Sep 30, 2022 | 836.36 Mn |
| Jun 30, 2022 | 1.95 Bn |
| Mar 31, 2022 | 1.61 Bn |
| Dec 31, 2021 | 387.92 Mn |
| Sep 30, 2021 | 795.67 Mn |
API Access
Ryanair Holdings Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=RYAAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "RYAAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=RYAAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();