Ryanair Holdings annual operating expenses
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Ryanair Holdings Operating Expenses Growth & History (RYAAY)
Ryanair Holdings's operating expenses was €1.14B for fiscal 2026.
View full Ryanair Holdings company overviewRyanair Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | €1.14B | −€11.25B | −90.83% |
| 2025 | 2025-03-31 | €12.39B | €1.01B | +8.85% |
| 2024 | 2024-03-31 | €11.38B | €2.05B | +21.97% |
| 2023 | 2023-03-31 | €9.33B | €4.19B | +81.55% |
| 2022 | 2022-03-31 | €5.14B | €2.67B | +107.68% |
| 2021 | 2021-03-31 | €2.48B | −€4.89B | −66.40% |
| 2020 | 2020-03-31 | €7.37B | €686.8M | +10.28% |
| 2019 | 2019-03-31 | €6.68B | €1.20B | +21.83% |
| 2018 | 2018-03-31 | €5.48B | €369.9M | +7.23% |
| 2017 | 2017-03-31 | €5.11B | €38.1M | +0.75% |
| 2016 | 2016-03-31 | €5.08B | — | — |
Ryanair Holdings quarterly operating expenses
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-06-30 | €203.0M | −€18.2M | −8.23% |
| Q4 2026 | 2026-03-31 | €523.2M | — | — |
| Q3 2026 | 2025-12-31 | €174.0M | — | — |
| Q2 2026 | 2025-09-30 | €217.4M | — | — |
| Q1 2026 | 2025-06-30 | €221.2M | — | — |
Ryanair Holdings operating expenses trends
Over the last five fiscal years, Ryanair Holdings's operating expenses decreased from €2.48B to €1.14B, a change of −€1.34B. The latest reported quarter, Q1 2027, shows €203.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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