Ryanair Holdings (RYAAY) Operating Expenses (2009 - 2026)
Ryanair Holdings (RYAAY) posted quarterly Operating Expenses of $4.3 billion for Q2 2026, up 11.24% year-on-year from $3.9 billion in Q2 2025, and up 26.25% on a QoQ basis from $3.4 billion in Q1 2026.
Ryanair Holdings (RYAAY) Operating Expenses (2009 - 2026) Analysis & Trends
Ryanair Holdings (RYAAY) has reported Operating Expenses for 18 consecutive years, with $4.3 billion the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 11.24% year-over-year to $4.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $15.4 billion (up 7.97% YoY) and the FY2026 annual result came in at $15.0 billion, up 6.29% from the prior year.
- Operating Expenses grew to $4.3 billion in Q2 2026 per RYAAY's latest filing, from $3.4 billion in the prior quarter.
- Over the last five years, Operating Expenses for RYAAY reached as high as $4.3 billion in Q2 2026 and fell as low as $1.5 billion in Q1 2022.
- A 5-year average of $3.3 billion and a median of $3.3 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 252.87% — and 2025, when it grew 3.38%.
- Year by year, Operating Expenses stood at $2.5 billion in 2022, then increased by 25.77% to $3.1 billion in 2023, then climbed by 7.69% to $3.3 billion in 2024, then increased by 9.21% to $3.6 billion in 2025, then increased by 19.18% to $4.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.3 billion, $3.4 billion, and $3.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | -3.34 Bn |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | 4.33 Bn |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | 17.89 Bn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | 8.15 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | 958.00 Mn |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | 753.30 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | 3.58 Bn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 946.92 Mn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | 2.46 Bn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | 651.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.33 Bn |
| Mar 31, 2026 | 3.43 Bn |
| Dec 31, 2025 | 3.64 Bn |
| Sep 30, 2025 | 4.02 Bn |
| Jun 30, 2025 | 3.90 Bn |
| Mar 31, 2025 | 3.17 Bn |
| Dec 31, 2024 | 3.33 Bn |
| Sep 30, 2024 | 3.89 Bn |
| Jun 30, 2024 | 3.71 Bn |
| Mar 31, 2024 | 2.85 Bn |
| Dec 31, 2023 | 3.09 Bn |
| Sep 30, 2023 | 3.67 Bn |
| Jun 30, 2023 | 3.34 Bn |
| Mar 31, 2023 | 2.36 Bn |
| Dec 31, 2022 | 2.46 Bn |
| Sep 30, 2022 | 3.12 Bn |
| Jun 30, 2022 | 2.71 Bn |
| Mar 31, 2022 | 1.53 Bn |
| Dec 31, 2021 | 1.81 Bn |
| Sep 30, 2021 | 1.74 Bn |