Jun 2026 (Q2 FY26) — Jul 29, 2026
AerCap Q2 FY26 — Strong Financials and Strategic Wide-Body Order
Read the full callAerCap (AER) earnings
- Jun 2025
- Jun 2026 (Q2 FY26)
- Dec 2025
AerCap earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,887 | −3.6% YoY | Quarterly, as filed | Quarter to Jun 2025 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2025 | Not in the filed figures for the quarter to jun 2025. No older figure is substituted. | ||
| Net profit | 1,259 | +181.0% YoY | Quarterly, as filed | Quarter to Jun 2025 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 12 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net maintenance contribution | elevated | Mar 2026 | that maintenance contribution has been higher than normal for the first half of this year | Achieved |
| Adjusted EPS (not including any gains on asset sales) | $12 to $13 per share | Dec 2025 | We're increasing our estimated EPS excluding gains on sale to approximately $14, and we're also including the $2.80 of gains on sale from the first half of the year. | Revised Up |
| Effective tax rate | 15.5% | Dec 2025 | income tax expense was $123 million, reflecting an effective tax rate of 15.5%. | On Track |
6 of AerCap Holdings N.V.'s 36 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 33 more targets are in the full ledger.
Claimed
- Reported adjusted earnings per share of $5.14, representing an adjusted return on equity of 18%.
- Generated $1.5 billion of cash flow from operations in the quarter.
- Repurchased over $690 million of shares in Q2, contributing to over $1.4 billion in H1 FY26.
- Completed $1.4 billion of asset sales during the quarter, generating a gain on sale margin of 20%.
- Raised full-year 2026 adjusted EPS guidance to $16.80.
Qualified
- Geopolitical challenges are expected to lead to higher input costs for airlines, potentially pressuring airline margins this year.
- Middle East, Asia Pacific, and North America experienced some weakness in daily flight activity.
- There is a perception that converted aeroderivative units may be less efficient than OEM-produced ones in the long term.
- Uncertainty exists regarding the adverse impact on aeroderivative demand if grid capacity expands materially or alternative technologies improve.
Price
$145.69 −0.16% · −$0.23
Performance +19.5% 1Y
1Y: $121.94 on 15 Oct 2025 → $145.69. High $155.24 (6 Aug 2026), low $119.82 (22 Oct 2025).
- Previous close
- $145.92
- 52-week range
- $119.82 – $155.24
- One year
- +21.18%
Overview
- Symbol
- AER
- Sector
- Industrials
- Industry
- Services-Equipment Rental & Leasing, NEC
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 12 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net maintenance contribution | elevated | Mar 2026 | that maintenance contribution has been higher than normal for the first half of this year | Achieved |
| Adjusted EPS (not including any gains on asset sales) | $12 to $13 per share | Dec 2025 | We're increasing our estimated EPS excluding gains on sale to approximately $14, and we're also including the $2.80 of gains on sale from the first half of the year. | Revised Up |
| Effective tax rate | 15.5% | Dec 2025 | income tax expense was $123 million, reflecting an effective tax rate of 15.5%. | On Track |
Claimed
- Reported adjusted earnings per share of $5.14, representing an adjusted return on equity of 18%.
- Generated $1.5 billion of cash flow from operations in the quarter.
- Repurchased over $690 million of shares in Q2, contributing to over $1.4 billion in H1 FY26.
- Completed $1.4 billion of asset sales during the quarter, generating a gain on sale margin of 20%.
- Raised full-year 2026 adjusted EPS guidance to $16.80.
Qualified
- Geopolitical challenges are expected to lead to higher input costs for airlines, potentially pressuring airline margins this year.
- Middle East, Asia Pacific, and North America experienced some weakness in daily flight activity.
- There is a perception that converted aeroderivative units may be less efficient than OEM-produced ones in the long term.
- Uncertainty exists regarding the adverse impact on aeroderivative demand if grid capacity expands materially or alternative technologies improve.
The full ledger
Open AerCap Holdings N.V.’s full ledger
A free account opens 5 company ledgers a month. All 36 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
AerCap Q1 FY26 — Record Earnings and Increased EPS Guidance Amid Strong Demand
Read the full callEvery analysed call
AerCap earnings calls (AER)
Financials
What the filings say
Net profit, year on year: +181% (quarter to jun 2025 against jun 2024).
| Line item | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|
| Sales | 1,232 | 1,671 | 1,924 | 1,958 | 1,887 |
| Interest | 293 | 400 | 427 | — | — |
| Profit before tax | 289 | 357 | 538 | 492 | 1,380 |
| Tax rate | 14.0% | 14.0% | 14.1% | 15.5% | 12.2% |
| Net profit | 250 | 340 | 493 | 448 | 1,259 |
| EPS ($ per share) | 1.95 | 1.41 | 2.13 | 2.33 | 7.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 2 |
| Reserves | 6,592 | 7,735 | 7,400 | 8,410 | 7,675 | 10,803 | 12,756 | 16,321 |
| Total liabilities | 34,328 | 34,367 | 33,116 | 57,922 | 53,532 | 54,686 | 54,257 | 53,348 |
| Fixed assets | 35,052 | 35,871 | 35,156 | 57,825 | 55,221 | 57,091 | 58,576 | 57,796 |
| Total assets | 43,209 | 43,749 | 42,048 | 74,570 | 69,727 | 71,275 | 71,442 | 71,672 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,840 | 3,106 | 2,130 | 3,694 | 5,171 | 5,261 | 5,437 | 5,393 |
| Cash from investing | -4,053 | -2,955 | -712 | -23,459 | -2,160 | -3,183 | -3,724 | -1,665 |
| Cash from financing | 600 | -265 | -1,225 | 20,184 | -3,161 | -2,012 | -2,133 | -3,653 |
Insider filings
42 filings between Mar 24, 2026 and Aug 6, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$21.09M
15 sales by 5 insiders
Compensation
not trading decisions- 7
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 gifts, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Juhas Peter | — | $11.00M | May 12, 2026 |
| Kelly Aengus | — | $7.44M | May 6, 2026 |
| Stuart Cormac | — | $1.67M | Jun 15, 2026 |
| Drouillard Vincent | — | $675.6K | May 7, 2026 |
| Forst Rita | — | $311.3K | Aug 6, 2026 |
Latest filings (42)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 6, 2026 | Forst Rita Director | Sale | 2,000 | $311.3K |
| Jun 15, 2026 | Stuart Cormac Chief Accounting Officer | Sale | 11,644 | $1.67M |
| May 12, 2026 | Juhas Peter Chief Financial Officer | Sale | 8,194 | $1.20M |
| May 12, 2026 | Juhas Peter Chief Financial Officer | Sale | 43,800 | $6.35M |
| May 12, 2026 | Juhas Peter Chief Financial Officer | Sale | 23,842 | $3.43M |
| May 12, 2026 | Juhas Peter Chief Financial Officer | Sale | 164 | $24.0K |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 740 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 337 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 632 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 265 | $0 |
| May 8, 2026 | Warden Robert G Director | Gift | 240 | $0 |
| May 7, 2026 | Drouillard Vincent General Counsel | Sale | 4,504 | $675.6K |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 3,071 | $461.7K |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 2,563 | $378.3K |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 11,162 | $1.66M |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 8,204 | $1.22M |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 3,071 | $461.7K |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 2,562 | $378.1K |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 11,163 | $1.66M |
| May 6, 2026 | Kelly Aengus Chief Executive Officer | Sale | 8,204 | $1.22M |
| Apr 20, 2026 | Drouillard Vincent General Counsel | Option exercise | 15,000 | $0 |
| Apr 20, 2026 | Drouillard Vincent General Counsel | Tax withheld | 5,903 | $870.4K |
| Apr 20, 2026 | Juhas Peter Chief Financial Officer | Option exercise | 30,000 | $0 |
| Apr 20, 2026 | Juhas Peter Chief Financial Officer | Tax withheld | 11,805 | $1.74M |
| Apr 20, 2026 | Kelly Aengus Chief Executive Officer | Option exercise | 500,000 | $0 |
| Apr 20, 2026 | Kelly Aengus Chief Executive Officer | Tax withheld | 152,010 | $22.41M |
| Apr 15, 2026 | Cartwright Stacey Director | Option exercise | 3,345 | $0 |
| Apr 15, 2026 | Cartwright Stacey Director | Tax withheld | 1,606 | $239.2K |
| Apr 15, 2026 | Branch Julian Bradford Director | Option exercise | 25,039 | $0 |
| Apr 15, 2026 | Branch Julian Bradford Director | Tax withheld | 12,019 | $1.79M |
| Apr 15, 2026 | Forst Rita Director | Option exercise | 3,345 | $0 |
| Apr 15, 2026 | Forst Rita Director | Tax withheld | 1,606 | $239.2K |
| Apr 15, 2026 | Warden Robert G Director | Option exercise | 3,345 | $0 |
| Apr 15, 2026 | Warden Robert G Director | Tax withheld | 1,238 | $184.4K |
| Mar 24, 2026 | Stuart Cormac Chief Accounting Officer | Other | 109 | $14.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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