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Sep 30
AerCap Q3 2025 Earnings Report
AerCap reported record Q3 2025 results, with the highest-ever adjusted net income and significant asset sales gains, while raising full-year EPS guidance.
Key Takeaways
AerCap posted a strong Q3 2025, generating $1.22 billion in net income and $865 million in adjusted net income. Revenues rose sharply due to robust lease income and record asset sales, with continued recoveries from the Ukraine conflict boosting results.
Net income reached $1.22 billion; adjusted net income was $865 million
EPS was $6.98; adjusted EPS was $4.97
Book value per share rose to $109.22, up 20% from a year ago
Recovered $475 million related to Ukraine conflict during the quarter
AerCap
AerCap
AerCap Revenue by Segment
Revenue by Segment
Basic Lease Rents Revenue
CapyFin.comMaintenance & Other Revenue
CapyFin.comNet Gain on Sales Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
AerCap raised its FY 2025 adjusted EPS guidance to approximately $13.70, reflecting strong earnings, asset sales, and continued Ukraine-related recoveries.
Positive Outlook
- FY25 adjusted EPS guidance raised to ~$13.70
- Strong leasing and sales environment boosts outlook
- Ukraine conflict recoveries total $2.9 billion since 2023
- Executed large Airbus order: 52 A320neo aircraft plus 45 options
- Cash flow from operations was $1.5 billion in Q3
Challenges Ahead
- Exposure to ongoing geopolitical risks remains
- Asset impairments totaled $42 million in Q3
- Q3 leasing expenses impacted by maintenance rights amortization
- Interest expense remained high at $486 million
- Adjusted net interest margin affected by depreciation costs