Ryanair Holdings plc

RYAAYNASDAQIndustrials● Active

$56.67

$-0.31(-0.54%)

Market Cap$29.6B

P/E Ratio—

52W High$74.24

52W Low$53.14

Avg Volume1.6M

Open$57.05

Beta0.99

Free Cash Flow Financials Revenue

Ryanair Holdings plc (RYAAY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

RYAAY · free cash flow · updated Jun 8, 2026

Core FCF metrics

RYAAY · FCF · TTM · margin & CAGR

Free cash flow was $1.81B for FY2026 (fiscal year ending 2026-03-31), down 2.6% year-over-year The FCF margin was 11.6%. Five-year CAGR stands at +19.1%.

FY2026 Free Cash Flow$1.81B▼ -2.6% YoY

Trailing 12M (TTM)$1.82Btrailing 4 quarters sum

FCF Margin11.6%$1.81B ÷ revenue

3-Year CAGR-2.8%FY2023 → FY2026

5-Year CAGR+19.1%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

RYAAY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$3.72B(1.91B)$1.81B▼ 2.6%11.6%

FY2025$3.42B(1.55B)$1.86B▲ +143.2%13.4%

FY2024$3.16B(2.39B)$766.0M▼ 61.2%5.7%

FY2023$3.89B(1.91B)$1.98B▲ +160.4%18.3%

FY2022$1.94B(1.18B)$758.9M▲ +0.0%15.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

RYAAY · P/FCF · FCF yield · FCF per share

Ryanair Holdings plc (RYAAY) trades at a FCF yield of 7.30% and a price-to-free-cash-flow ratio of 16.5x. FCF per share stands at $3.44, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.30%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.44

TTM FCF ÷ Shares Outstanding

Price / FCF

x16.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

RYAAY · cash flow statement · operating / investing / financing

For FY2026, Ryanair Holdings plc generated $3.72B in operating cash flow and spent 1.91B in capital expenditures, yielding $1.81B in free cash flow.

Operating Activities

+$3.72B

Cash from core business operations

2026-03-31

Investing Activities

−$2.62B

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$2.22B

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($3.72B) − |CapEx| (1.91B) = FCF ($1.81B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

RYAAY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ryanair Holdings plcYOU

RYAAY

$1.81B-2.6%11.6%

18%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ryanair Holdings plc (RYAAY) reported free cash flow of $1.81B for FY2026 (fiscal year ending 2026-03-31), down 2.6% year-over-year. The FCF margin was 11.6%.

Based on available data, Ryanair Holdings plc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.98B in FY2023. The 5-year CAGR stands at +19.1%.

Ryanair Holdings plc's FCF yield is 7.30% and price-to-FCF ratio is 16.5x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

RYAAY free cash flow · 8 questions

Ryanair Holdings plc free cash flow was $1.81B for FY2026, down 2.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.82B.

RYAAY free cash flowRYAAY FCFRYAAY FCF 2026RYAAY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ryanair Holdings plc · Ryanair Holdings plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026