AerCap Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q3 delivered record adjusted EPS of $6.56 and 22% adjusted ROE, prompting FY2026 adjusted EPS guidance of ~$20.70 before additional Q4 asset-sale gains. Strong demand, high asset-sale proceeds and substantial shareholder returns supported results.
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Q2 2026 saw strong financial performance, with adjusted EPS of $5.14 and ROE of 18%. Full-year EPS guidance was raised to $16.80, supported by robust asset sales, disciplined capital allocation, and a healthy industry backdrop. Share repurchases and new aircraft orders further strengthened the outlook.
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Record Q1 2026 results with $889M adjusted net income and 19% ROE, driven by strong aviation asset demand, disciplined capital allocation, and robust liquidity. Raised full-year EPS guidance and announced a $1B share-repurchase program.
Fiscal Year 2025
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Record 2025 results included $3.8B GAAP net income, $8.5B revenue, and $2.6B returned to shareholders. 2026 guidance projects $12–$13 adjusted EPS, with strong demand, robust liquidity, and continued capital deployment flexibility.
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Q3 2025 saw record net income, strong gains on asset sales, and robust demand for aircraft, with utilization rates above 99%. Full-year EPS guidance was raised to $13.70, reflecting higher lease revenue and gains on sale, while disciplined capital deployment and buybacks continued.
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Record Q2 net income and EPS driven by strong asset demand and a major insurance award. Aircraft and engine segments saw high utilization and extension rates, supporting a raised full-year EPS outlook and robust liquidity. Capital deployment remains focused on buybacks and growth opportunities.
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Q1 2025 saw strong earnings, high utilization, and robust demand across all segments. Full-year EPS guidance was raised, share buybacks exceeded $1 billion, and liquidity remains strong despite macro uncertainties.
Fiscal Year 2024
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GAAP net income reached $2.1B and adjusted EPS hit a record $12.01 in 2024, with strong cash flow, robust asset demand, and a new $1B share repurchase program. 2025 guidance projects adjusted EPS of $8.50–$9.50, continued high utilization, and disciplined capital allocation.
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Adjusted net income rose to $463 million and EPS to $2.41, with record operating cash flow and a raised full-year EPS outlook to $10.70. Leasing demand remains robust amid persistent OEM supply constraints, and capital returns to shareholders accelerated through buybacks and dividends.
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Q2 2024 saw adjusted net income of $592M and EPS of $3.01, with full-year EPS guidance raised to $10.25. Strong demand, high asset extension rates, and robust cash flows supported upgrades from all major credit agencies and continued capital returns to shareholders.