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