Ryanair Holdings (RYAAY) Operating Expenses (2009 - 2026)

Ryanair Holdings' Operating Expenses history runs 18 years deep, the most recent figure standing at $3.5 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 20.51% year-over-year to $3.5 billion; the TTM figure through Mar 2026 stood at $15.3 billion (up 14.54% YoY), while the FY2026 annual figure was $15.3 billion, up 14.7% from the prior year.
• Operating Expenses was $3.5 billion for Q1 2026 at Ryanair Holdings, down from $3.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $4.1 billion in Q3 2025 to a low of $1.5 billion in Q1 2022.
• Historically, Operating Expenses has averaged $3.1 billion across 5 years, with a median of $3.1 billion in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 212.67% in 2022, then increased 6.96% in 2024.
• A 5-year view of Operating Expenses shows it stood at $2.2 billion in 2022, then jumped by 32.64% to $2.9 billion in 2023, then grew by 6.96% to $3.1 billion in 2024, then rose by 18.96% to $3.7 billion in 2025, then decreased by 5.05% to $3.5 billion in 2026.
• The last three Operating Expenses figures came in at $3.5 billion (Q1 2026), $3.7 billion (Q4 2025), and $4.1 billion (Q3 2025), per Business Quant data.