Ryanair Holdings (RYAAY) Operating Margin (2012 - 2026)
Ryanair Holdings (RYAAY) reported Operating Margin of 31.94% for fiscal Q2 2027 (quarter ended Sep 30, 2026), down 3.59 percentage points from 35.53% a year earlier but up 18.82 percentage points from the prior quarter.
Ryanair Holdings (RYAAY) Operating Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Ryanair Holdings' Operating Margin came in at 11.96%, down 4.79 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it was 15.27%, up 4.10 percentage points from FY2025.
- Operating Margin has a five-year change of +66.59 percentage points (FY2021 to FY2026).
- By fiscal year, Operating Margin came in at 11.17% in FY2025 (-4.16 pp), 15.33% in FY2024 (+1.94 pp), 13.39% in FY2023 (+20.46 pp) and -7.07% in FY2022 (+44.24 pp).
- Five-year quarterly Operating Margin spans a low of -21.29% in fiscal Q4 2025 and a high of 35.53% in fiscal Q2 2026.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of -0.11 percentage points.
- The high point for year-over-year Operating Margin in five years was fiscal Q1 2023 (a gain of 62.94 percentage points); the low point was fiscal Q1 2025 (a drop of 9.40 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 13.12% (Q1 2027), -20.08% (Q4 2026) and 0.57% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 40.89% |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 39.08% |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 7.63% |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 35.25% |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 6.20% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 32.61% |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 7.20% |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 8.09% |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 28.46% |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 31.94% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.94% |
| 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 | 6.48% |
| Sep 30, 2022 | 34.21% |
| Jun 30, 2022 | 8.64% |
| Mar 31, 2022 | -14.66% |
| Dec 31, 2021 | -7.94% |
Ryanair Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=RYAAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "RYAAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=RYAAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();