Ryanair Holdings annual operating margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Ryanair Holdings Operating Margin Growth & History (RYAAY)
Ryanair Holdings's operating margin was 15.27% for fiscal 2026.
View full Ryanair Holdings company overviewRyanair Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-03-31 | 15.27% | +4.10 pp |
| 2025 | 2025-03-31 | 11.17% | −4.16 pp |
| 2024 | 2024-03-31 | 15.33% | +1.94 pp |
| 2023 | 2023-03-31 | 13.39% | +20.46 pp |
| 2022 | 2022-03-31 | −7.07% | +44.24 pp |
| 2021 | 2021-03-31 | −51.31% | −64.59 pp |
| 2020 | 2020-03-31 | 13.27% | +0.06 pp |
| 2019 | 2019-03-31 | 13.21% | −10.11 pp |
| 2018 | 2018-03-31 | 23.32% | +0.24 pp |
| 2017 | 2017-03-31 | 23.08% | +0.74 pp |
| 2016 | 2016-03-31 | 22.34% | — |
Ryanair Holdings quarterly operating margin
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-06-30 | 13.12% | −7.93 pp |
| Q4 2026 | 2026-03-31 | −23.46% | — |
| Q3 2026 | 2025-12-31 | 3.21% | — |
| Q2 2026 | 2025-09-30 | 35.53% | — |
| Q1 2026 | 2025-06-30 | 21.06% | — |
Ryanair Holdings operating margin trends
Over the last five fiscal years, Ryanair Holdings's operating margin increased from −51.31% to 15.27%, a change of +66.59 percentage points. The latest reported quarter, Q1 2027, shows 13.12%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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