Airbus (AIR) Q4 2025 (Media) earnings summary

Executive summary

• Achieved record financial performance in 2025, driven by strong demand across civil, defense, and all business segments, despite supply chain constraints and engine shortages impacting production and deliveries.

• Delivered 793 commercial aircraft, a 4% year-on-year increase, with a record backlog of 8,754 units and consolidated order intake by value up 19% to €123.3 billion.

• Major milestones included the acquisition and integration of Spirit AeroSystems work packages and new assembly lines in the U.S. and China.

• Proposed a dividend of €3.20 per share, reflecting confidence in future performance.

Financial highlights

• Revenue rose 6% year-on-year to €73.4 billion, driven by higher deliveries and services, partially offset by a weaker US dollar.

• EBIT Adjusted reached a record €7.1 billion, up 33% year-on-year; reported EBIT up 15% to €6.1 billion.

• Net income hit a record €5.2 billion, with reported EPS of €6.61, both up 23% year-on-year.

• Free cash flow before customer financing was €4.6 billion; net cash position at year-end was €12.2 billion.

• Order book value at year-end was €619 billion, with defence order book up 11%.

Outlook and guidance

• 2026 targets: around 870 commercial aircraft deliveries, EBIT Adjusted of approximately €7.5 billion, and free cash flow before customer financing of about €4.5 billion.

• Guidance assumes no major disruptions to global trade, supply chain, or internal operations.

• Focus areas for 2026 include ramping up production, advancing sustainability, and supporting European defense sovereignty.