AerCap Holdings N.V. Earnings Recaps
Q2 2026
Aug 1, 2026
Shares declined 0.8% as investors appeared cautious despite solid operational execution and an increased full-year guidance, likely reflecting concerns over margin pressure from rising airline input costs and signs of moderating traffic growth in key regions.
Key takeaways
- Reported adjusted EPS of $5.14 in Q2, supporting an 18% adjusted return on equity.
- Generated $1.5 billion in operating cash flow, enabling $690 million in share repurchases during the quarter and over $1.4 billion year-to-date.
- Completed $1.4 billion in asset sales with a 20% gain-on-sale margin, highlighting active portfolio management.
- Raised full-year EPS guidance to $16.80 excluding any further asset sale gains, reflecting continued confidence despite emerging headwinds.
- Noted geopolitical-driven higher airline input costs and regional variations in travel demand, with some deceleration in Middle East, Asia Pacific, and North America flight activity.
Q3 2025
Oct 29, 2025
AerCap delivered a standout performance in Q3 2025, with GAAP net income of $1.2 billion and record adjusted EPS of $4.97, prompting an upward revision of full-year EPS guidance to $13.70.
Key takeaways
- Adjusted net income reached $865 million, driven by robust gains on asset sales and insurance recoveries.
- Utilization rates for the fleet exceeded 99%, supported by strong customer demand and successful aircraft deliveries.
- An impressive 85% extension rate on used aircraft transactions, with widebody extensions achieving a 100% success rate.
- A $10 billion investment commitment to engine management, enhancing service offerings amid global engine shortages.
- Record sales volume of $1.5 billion and a notable gain of $332 million, indicating strong market positioning and capital deployment strategies.
Q2 2025
Jul 30, 2025
AerCap reported a record Q2 2025, achieving GAAP net income of $1.3 billion and an impressive EPS of $7.09, driven by strong asset demand and favorable legal outcomes.
Key takeaways
- Adjusted net income reached $502 million, translating to an adjusted EPS of $2.83.
- Utilization rate remained high at 99%, with a 97% extension rate on leases, demonstrating strong customer demand.
- The company signed multiple lease agreements across both wide-body and narrow-body aircraft, including significant placements with carriers in Asia and the Middle East.
- AerCap’s acquisition strategy includes $3 billion projected for new equipment by year-end, alongside over $1 billion in stock repurchases year-to-date.
- The outlook for 2025 remains positive with an increase in full-year adjusted EPS guidance amidst robust global passenger traffic growth.