Ryanair Holdings (RYAAY) Operating Expenses (2009 - 2026)
Ryanair Holdings (RYAAY) posted quarterly Operating Expenses of $4.4 billion for Q2 2026, up 14.21% year-over-year from $3.9 billion in Q2 2025, and up 25.33% quarter-over-quarter from $3.5 billion in Q1 2026.
Ryanair Holdings (RYAAY) Operating Expenses (2009 - 2026) Analysis & Trends
Ryanair Holdings' Operating Expenses history runs 18 years deep, the most recent figure standing at $4.4 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 14.21% year-over-year to $4.4 billion; the TTM figure through Jun 2026 stood at $15.8 billion (up 15.51% YoY), while the FY2026 annual figure was $15.3 billion, up 14.7% from the prior year.
- Operating Expenses for Q2 2026 stood at $4.4 billion, up from $3.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $4.4 billion in Q2 2026, with the low at $1.5 billion in Q1 2022.
- The 5-year median for Operating Expenses is $3.2 billion (2023), against an average of $3.1 billion.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 212.67% in 2022, then grew 6.96% in 2024.
- Ryanair Holdings' Operating Expenses stood at $2.2 billion in 2022, then soared by 32.64% to $2.9 billion in 2023, then climbed by 6.96% to $3.1 billion in 2024, then increased by 18.96% to $3.7 billion in 2025, then gained by 19.0% to $4.4 billion in 2026.
- Business Quant data shows RYAAY's Operating Expenses at $4.4 billion in Q2 2026, $3.5 billion in Q1 2026, and $3.7 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 2.84 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 922.38 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 1.38 Bn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 512.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.43 Bn |
| Mar 31, 2026 | 3.53 Bn |
| Dec 31, 2025 | 3.72 Bn |
| Sep 30, 2025 | 4.13 Bn |
| Jun 30, 2025 | 3.88 Bn |
| Mar 31, 2025 | 2.93 Bn |
| Dec 31, 2024 | 3.13 Bn |
| Sep 30, 2024 | 3.75 Bn |
| Jun 30, 2024 | 3.51 Bn |
| Mar 31, 2024 | 2.72 Bn |
| Dec 31, 2023 | 2.92 Bn |
| Sep 30, 2023 | 3.51 Bn |
| Jun 30, 2023 | 3.20 Bn |
| Mar 31, 2023 | 2.22 Bn |
| Dec 31, 2022 | 2.20 Bn |
| Sep 30, 2022 | 2.76 Bn |
| Jun 30, 2022 | 2.54 Bn |
| Mar 31, 2022 | 1.51 Bn |
| Dec 31, 2021 | 1.82 Bn |
| Sep 30, 2021 | 1.80 Bn |