Ryanair Holdings (RYAAY) Gross Margin (2009 - 2026)
Ryanair Holdings (RYAAY) recorded quarterly Gross Margin of 52.58% in Q1 2026, down 13.62% quarter-over-quarter from 60.88% in Q4 2025, and up 239.0% on a YoY basis from 15.51% in Q1 2025.
Ryanair Holdings (RYAAY) Gross Margin (2009 - 2026) Analysis & Trends
Ryanair Holdings' Gross Margin history runs 17 years deep, the most recent figure standing at 52.58% for Q1 2026.
- In Q1 2026, Gross Margin rose 239.0% year-over-year to 52.58%; the TTM figure through Mar 2026 stood at 65.13% (up 245.0% YoY), while the FY2026 annual figure was 65.14%, up 257.0% from the prior year.
- Gross Margin was 52.58% for Q1 2026 at Ryanair Holdings, down from 60.88% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 72.39% in Q3 2025 to a low of 50.19% in Q1 2025.
- Historically, Gross Margin has averaged 62.63% across 5 years, with a median of 60.88% in 2025.
- The sharpest annual moves came in 2023 and 2025: Gross Margin slumped 1079 bps in 2023, then surged 563 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 60.42% in 2022, then climbed by 16 bps to 70.03% in 2023, then declined by 14 bps to 60.4% in 2024, then rose by 1 bps to 60.88% in 2025, then declined by 14 bps to 52.58% in 2026.
- The last three Gross Margin figures came in at 52.58% (Q1 2026), 60.88% (Q4 2025), and 72.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 52.58% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 95.80% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | -314.47% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 85.69% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 74.12% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 97.00% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 91.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 83.66% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 97.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.58% |
| Dec 31, 2025 | 60.88% |
| Sep 30, 2025 | 72.39% |
| Jun 30, 2025 | 66.41% |
| Mar 31, 2025 | 50.19% |
| Dec 31, 2024 | 60.40% |
| Sep 30, 2024 | 70.74% |
| Jun 30, 2024 | 60.79% |
| Sep 30, 2023 | 70.03% |
| Jun 30, 2023 | 63.33% |
| Mar 31, 2023 | 56.10% |
| Dec 31, 2022 | 60.42% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 60.30% |
| Mar 31, 2022 | 66.89% |
| Dec 31, 2021 | 59.39% |
| Jun 30, 2021 | 57.73% |
| Dec 31, 2020 | 55.33% |
| Jun 30, 2020 | 92.89% |
| Dec 31, 2018 | 61.89% |