Ryanair Holdings (RYAAY) Operating Margin (2009 - 2026)
Ryanair Holdings (RYAAY) recorded quarterly Operating Margin of 20.08% in Q1 2026, down 3646.0% quarter-over-quarter from 0.57% in Q4 2025, and up 121.0% on a YoY basis from 9.09% in Q1 2025.
Ryanair Holdings (RYAAY) Operating Margin (2009 - 2026) Analysis & Trends
Ryanair Holdings' Operating Margin history runs 17 years deep, the most recent figure standing at 20.08% for Q1 2026.
- In Q1 2026, Operating Margin rose 121.0% year-over-year to 20.08%; the TTM figure through Mar 2026 stood at 15.23% (up 376.0% YoY), while the FY2026 annual figure was 15.27%, up 410.0% from the prior year.
- Operating Margin was 20.08% for Q1 2026 at Ryanair Holdings, down from 0.57% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 35.53% in Q3 2025 to a low of 21.29% in Q1 2025.
- Historically, Operating Margin has averaged 8.74% across 5 years, with a median of 9.21% in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Margin jumped 9140 bps in 2022, then plunged 940 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 6.99% in 2022, then soared by 395 bps to 34.6% in 2023, then slumped by 97 bps to 1.1% in 2024, then slumped by 49 bps to 0.57% in 2025, then tumbled by 3646 bps to 20.08% in 2026.
- The last three Operating Margin figures came in at 20.08% (Q1 2026), 0.57% (Q4 2025), and 35.53% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -20.08% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 3.16% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 186.84% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 4.55% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 21.77% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -8.45% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -2.73% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -10.00% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 12.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| 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% |
| Jun 30, 2021 | -82.19% |
| Dec 31, 2020 | -97.42% |
| Jun 30, 2020 | -149.84% |
| Dec 31, 2018 | -4.30% |