Ryanair Holdings (RYAAY) Operating Margin (2012 - 2026)
Ryanair Holdings (RYAAY) posted Operating Margin of 13.12% for Q2 2026, up 165.37% on a QoQ basis from 20.08% in Q1 2026, and down 793.0% year-over-year from 1.89% in Q2 2025.
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Ryanair Holdings (RYAAY) Operating Margin (2012 - 2026) Analysis & Trends
Ryanair Holdings has reported Operating Margin for 11 years, with the latest figure at 13.12% in Q2 2026.
- On a quarterly basis, Operating Margin fell 793.0% year-over-year to 13.12% in Q2 2026; TTM through Jun 2026 was 13.06%, a 167.0% decrease from a year earlier, with the FY2026 full-year figure at 15.27%, up 410.0% from the prior year.
- Operating Margin was 13.12% for Q2 2026 at Ryanair Holdings, up from 20.08% in the prior quarter.
- The five-year high for Operating Margin was 35.53% in Q3 2025, with the low at 21.29% in Q1 2025.
- Average Operating Margin over 5 years is 7.12%, with a median of 8.1% recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Margin surged 9140 bps in 2022, then tumbled 940 bps in 2024.
- Over 5 years, Operating Margin stood at 6.99% in 2022, then plunged by 110 bps to 0.7% in 2023, then surged by 257 bps to 1.1% in 2024, then sank by 49 bps to 0.57% in 2025, then soared by 2218 bps to 13.12% in 2026.
- The last three Operating Margin figures came in at 13.12% (Q2 2026), 20.08% (Q1 2026), and 0.57% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | 13.12% |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 14.13% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | 4.60% |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 2.24% |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | -5.23% |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | -7.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.12% |
| Mar 31, 2026 | -20.08% |
| Dec 31, 2025 | 0.57% |
| Sep 30, 2025 | 35.53% |
| Jun 30, 2025 | 21.06% |
| Mar 31, 2025 | -21.29% |
| Dec 31, 2024 | 1.10% |
| Sep 30, 2024 | 32.55% |
| Jun 30, 2024 | 10.09% |
| Mar 31, 2024 | -15.49% |
| Dec 31, 2023 | -0.70% |
| Sep 30, 2023 | 34.60% |
| Jun 30, 2023 | 19.49% |
| Mar 31, 2023 | -19.34% |
| Dec 31, 2022 | 6.99% |
| Sep 30, 2022 | 35.34% |
| Jun 30, 2022 | 9.21% |
| Mar 31, 2022 | -14.66% |
| Dec 31, 2021 | -7.94% |
| Sep 30, 2021 | 14.23% |