AerCap Holdings (AER) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for AerCap Holdings.

Q4 2025

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Analyst Coverage

Research analysts who have asked questions during AerCap Holdings earnings calls.

Moshe Orenbuch

TD Cowen

9 questions for AER

Also covers: AFRM, AL, ALLY +11 more

Catherine O'Brien

Goldman Sachs

8 questions for AER

Also covers: AAL, AL, ALGT +7 more

Jamie Baker

JPMorgan Chase & Co.

8 questions for AER

Also covers: AAL, AL, ALK +6 more

Terry Ma

Barclays

8 questions for AER

Also covers: AL, AXP, BFH +16 more

Hillary Cacanando

Not Mentioned in Transcript

6 questions for AER

Also covers: AL, FTAI, LUV +2 more

Ronald Epstein

Bank of America

6 questions for AER

Also covers: , AIN, AL +27 more

Kristine Liwag

Morgan Stanley

4 questions for AER

Also covers: , AMTM, BA +27 more

Chris Stathoulopoulos

Susquehanna

3 questions for AER

Also covers: CAR, CCL, HTZ +4 more

Stephen Trent

Citigroup Inc.

3 questions for AER

Also covers: AAL, AL, ALK +14 more

Arren Cyganovich

Truist

2 questions for AER

Also covers: ARCC, BPOP, BXSL +12 more

Christopher Stathoulopoulos

Susquehanna Financial Group

2 questions for AER

Also covers: AAL, ALGT, ALK +9 more

Ron Epstein

Bank of America Corporation

2 questions for AER

Also covers: BA, GRMN, HEI +3 more

Shannon Doherty

Deutsche Bank

2 questions for AER

Also covers: AAL, ALK, DAL +4 more

Christine Tu

Morgan Stanley

1 question for AER

Also covers: FTAI

Hillary Cacanando

Deutsche Bank

1 question for AER

James Kirby

JPMorgan Chase & Co.

1 question for AER

Also covers: AL, CMCO, SAVE +1 more

Latest news

Recent press releases and 8-K filings for AER.

AerCap Reports Record 2025 Financial Results and Provides 2026 Guidance

AER

Earnings

Guidance Update

Share Buyback

AerCap reported a record year in 2025, with GAAP net income of $3.8 billion or $21.30 per share and adjusted net income of $2.7 billion or $15.37 per share, driven by $8.5 billion in full-year revenues and $5.4 billion in operating cash flow.
The company returned a record $2.6 billion to shareholders in 2025 through share repurchases and dividends, and announced a new $1 billion share repurchase program and an increased quarterly dividend of $0.40 per share for 2026.
AerCap provided 2026 adjusted EPS guidance of $12-$13 per share, excluding gains on asset sales, with projected total revenue of $7.6 billion.
The balance sheet was strengthened, achieving a net debt-to-equity level of 2.1x at year-end 2025, and the company received $1.5 billion in Ukraine conflict-related recoveries in 2025, bringing total pre-tax recoveries since 2023 to $3 billion, exceeding the 2022 net charge.

Feb 6, 2026, 1:30 PM

Transcript

AerCap Reports Record 2025 Financials and Provides 2026 Adjusted EPS Guidance

AER

Earnings

Guidance Update

Share Buyback

AerCap reported a record year in 2025 with GAAP net income of $3.8 billion ($21.30 per share) and adjusted net income of $2.7 billion ($15.37 per share), driven by $8.5 billion in full-year revenues and $5.4 billion in operating cash flow.
The company returned a record $2.6 billion to shareholders in 2025, announced a new $1 billion share repurchase program, and increased its quarterly dividend to $0.40 per share. AerCap also strengthened its balance sheet, achieving a net debt-to-equity of 2.1x and a credit rating upgrade.
For 2026, AerCap projects an adjusted EPS range of $12-$13 per share (excluding gains on asset sales) and anticipates total revenues of approximately $7.6 billion. The company expects the structural shortage of aircraft to persist at least through the end of the decade due to robust demand and constrained supply.

Feb 6, 2026, 1:30 PM

Transcript

AerCap Holdings Announces Record Q4 and Full-Year 2025 Results and Provides 2026 Guidance

AER

Earnings

Guidance Update

Share Buyback

AerCap Holdings reported a record year in 2025, with GAAP net income of $3.8 billion and adjusted net income of $2.7 billion, alongside $8.5 billion in revenues and $5.4 billion in operating cash flow.
For 2026, the company projects an adjusted EPS range of $12-$13 per share, excluding gains on asset sales, with total revenue expected to be around $7.6 billion.
In 2025, AerCap returned $2.6 billion to shareholders through repurchases and dividends, and announced a new $1 billion share repurchase program and an increase in the quarterly dividend to $0.40 per share.
Key operational achievements in 2025 included executing 705 transactions, selling 189 assets with a 27% gain-on-sale margin, and receiving $1.5 billion in Ukraine conflict recoveries, bringing the total to approximately $3 billion since 2023.

Feb 6, 2026, 1:30 PM

Transcript

AerCap Holdings Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

AER

Earnings

Guidance Update

Share Buyback

AerCap Holdings reported FY 2025 GAAP Net Income of $3.8 billion ($21.30 per share) and Adjusted Net Income of $2.7 billion ($15.37 per share).
For Q4 2025, the company reported GAAP Net Income of $633 million ($3.79 per share) and Adjusted Net Income of $660 million ($3.95 per share).
The company returned $2.6 billion to shareholders in 2025 through share repurchases and dividends, including $444 million for 3.5 million shares repurchased in Q4 2025.
AerCap provided FY 2026 Adjusted EPS Guidance of $12.00 - $13.00, not including any gains on sale.
As of December 31, 2025, book value per share was $112.59, an increase of 19% from December 31, 2024, and the adjusted leverage ratio was 2.1x.

Feb 6, 2026, 1:30 PM

Presentation

AerCap Reports Record Full Year 2025 Financial Results and Increases Dividend

AER

Earnings

Dividends

Share Buyback

AerCap Holdings N.V. reported record financial results for the full year 2025, with net income of $3.8 billion and diluted earnings per share of $21.30. Adjusted net income for the full year was $2.7 billion, or $15.37 per share.
The company returned $2.6 billion to shareholders during 2025, including an increase in the quarterly dividend to $0.40 per share and the announcement of a new $1 billion share repurchase program.
AerCap's book value per share increased by 19% to $112.59 as of December 31, 2025.
The company provided full-year 2026 adjusted EPS guidance of $12.00 - $13.00, not including any gains on sale.

Feb 6, 2026, 12:20 PM

6-K

AerCap Holdings Reports Record Financial Results for Full Year 2025 and Increases Dividend

AER

Earnings

Dividends

Share Buyback

AerCap Holdings N.V. reported record net income of $3.8 billion, or $21.30 per share, for the full year 2025, and adjusted net income of $2.7 billion, or $15.37 per share.
The company announced an increase in its quarterly dividend to $0.40 per share and returned $2.6 billion to shareholders during 2025 through share repurchases and dividends. A new $1 billion share repurchase program was also announced in December.
AerCap achieved full-year sales of $3.9 billion with $819 million of gains on sale in 2025.
Book value per share increased by 19% to $112.59 as of December 31, 2025.
The company provided full-year 2026 adjusted EPS guidance of $12.00 - $13.00.

Feb 6, 2026, 12:00 PM

Press Release

AerCap Subsidiaries Issue Senior Notes

AER

Debt Issuance

On January 15, 2026, AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, wholly-owned subsidiaries of AerCap Holdings N.V., issued a total of $1.75 billion in senior notes. This included $900 million of 4.125% Senior Notes due 2029 and $850 million of 4.750% Senior Notes due 2033.
The gross proceeds from this issuance were $896,976,000 for the 2029 Notes and $844,560,000 for the 2033 Notes.
The notes are guaranteed by AerCap Holdings N.V. and other subsidiary guarantors.
The notes have credit ratings of Baa1 / BBB+ / BBB+ from Moody's / S&P / Fitch, respectively.

Jan 15, 2026, 9:15 PM

6-K

AerCap Subsidiaries Announce Pricing of Senior Notes Offering

AER

Debt Issuance

New Projects/Investments

On January 6, 2026, AerCap Holdings N.V.'s wholly-owned subsidiaries, AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, priced an offering of $1.75 billion aggregate principal amount of senior notes.
The offering consists of $900 million of 4.125% Senior Notes due 2029 and $850 million of 4.750% Senior Notes due 2033.
The net proceeds from these notes are intended for general corporate purposes, including the acquisition, investment, financing, or refinancing of aircraft assets, and the repayment of indebtedness.

Jan 6, 2026, 9:35 PM

6-K

AerCap Holdings N.V. Announces Pricing of Senior Notes

AER

Debt Issuance

New Projects/Investments

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, wholly-owned subsidiaries of AerCap Holdings N.V., priced an offering of senior notes totaling $1.75 billion on January 6, 2026.
The offering consists of $900 million aggregate principal amount of 4.125% Senior Notes due 2029 and $850 million aggregate principal amount of 4.750% Senior Notes due 2033.
The net proceeds from the notes are intended for general corporate purposes, including to acquire, invest in, finance or refinance aircraft assets and to repay indebtedness.

Jan 6, 2026, 9:09 PM

Press Release

AerCap Holdings Announces Full Year and Q4 2025 Business Transactions

AER

Share Buyback

Dividends

Legal Proceedings

AerCap Holdings N.V. reported significant business activity in full year 2025, including signing 371 lease agreements, completing 145 purchases, and 189 sale transactions.
For the full year 2025, AerCap signed financing transactions totaling approximately $13.2 billion and received cash insurance proceeds of approximately $1.5 billion, primarily from a judgment related to assets lost in Russia.
The company repurchased approximately 22.1 million shares for a total of approximately $2.4 billion during the full year 2025, with 3.5 million shares repurchased in Q4 2025 for approximately $444 million.
In the fourth quarter of 2025, AerCap signed 122 lease agreements, completed 40 purchases and 78 sale transactions, and declared a quarterly cash dividend of $0.27 per share.