Business

AerCap Holdings N.V. Reports Record Financial Results for the Full Year 2025

AerCap Holdings N.V. (NYSE: AER), the industry leader across all areas of aviation leasing, today reported strong financial results for the fourth quarter and full year ended December 31, 2025.

Aercap Holdings N.v.February 6, 202618
AerCap Holdings N.V. Reports Record Financial Results for the Full Year 2025

About this update from Aercap Holdings N.v.

[{"type":"list","items":[{"val":[{"type":"text","content":" Net income of $633 million, or $3.79 per share, for the fourth quarter of 2025 and $3.8 billion, or $21.30 per share, for the full year 2025. ","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted net income of $660 million, or $3.95 per share, for the fourth quarter of 2025 and $2.7 billion, or $15.37 per share, for the full year 2025. ","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":" Quarterly dividend increased to $0.40 per share. ","length":48,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":339,"olType":false},{"type":"text","content":" DUBLIN , Feb. 6, 2026 /PRNewswire/ -- AerCap Holdings N.V. (NYSE: AER), the industry leader across all areas of aviation leasing, today reported strong financial results for the fourth quarter and full year ended December 31, 2025.","length":230,"tagName":"p"},{"type":"text","content":" "We are pleased to announce another strong quarter for AerCap, completing a year of record net income and earnings per share. These results reflect a robust performance across all our business lines. During the year we sold $3.9 billion of assets for record gains on sale of $819 million. We reinvested in our core business by purchasing $5.4 billion of assets and added 103 aircraft firm orders and options to our order book, while returning $2.6 billion of capital to our shareholders," said Aengus Kelly, Chief Executive Officer of AerCap.","length":552,"tagName":"p"},{"type":"text","content":" "Given our strong results in 2025 and our positive outlook for the future, we announced a new $1 billion share repurchase program in December and today we are announcing an increase in our quarterly dividend to $0.40 per share. As we have always done, in 2026 we will continue to look for opportunities to deploy capital attractively and create long-term value for our shareholders,"  Mr. Kelly concluded.","length":419,"tagName":"p"},{"type":"text","content":" Highlights: ","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP and adjusted return on equity of 14% for the fourth quarter of 2025. GAAP return on equity of 21% and adjusted return on equity of 15% for the full year 2025.","length":163,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operating activities of $1.2 billion for the fourth quarter of 2025 and $5.4 billion for the full year 2025.","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"$1.3 billion of sales in the fourth quarter of 2025 with $253 million of gains on sale, representing an unlevered gain-on-sale margin of 24%, or 1.9x book value on an equity basis. Full-year sales of $3.9 billion with $819 million of gains on sale, representing an unlevered gain-on-sale margin of 27%.","length":302,"tagName":"p"}]},{"val":[{"type":"text","content":"Insurance and other recoveries of $1.5 billion related to the Ukraine Conflict in 2025, taking total recoveries since 2023 to approximately $3 billion.","length":151,"tagName":"p"}]},{"val":[{"type":"text","content":"Added 103 aircraft (including options) to order book in 2025.","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned $2.6 billion to shareholders during 2025 through the repurchase of 22.1 million shares at an average price of $109.92 per share and the payment of dividends.","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share of $112.59 as of December 31, 2025, an increase of 19% from December 31, 2024.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Full-year 2026 adjusted EPS guidance of $12.00 - $13.00, not including any 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Leasing expenses for the fourth quarter of 2025 were negatively impacted by $13 million of maintenance rights amortization and were higher than usual due to costs related to the restructuring of Spirit Airlines. Asset impairment charges were $54 million for the fourth quarter of 2025, compared with $17 million recorded for the same period in 2024. Asset impairment charges recorded in the fourth quarter of 2025 related to sales transactions and leasing transactions and were partially offset by related maintenance revenue.","length":649,"tagName":"p"},{"type":"text","content":" Effec...

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