AerCap Holdings N.V.

What they do

AerCap owns and leases flight equipment — aircraft, engines and helicopters — to airlines and operators globally, and provides aviation asset management services. It negotiates equipment purchases, sales and leases, collects lease payments, and repossesses equipment under defaulted leases. The company is incorporated in the Netherlands with principal offices at AerCap House, 65 St. Stephen's Green, Dublin, Ireland. At December 31, 2025 it reported $71.67B of total assets and $18.32B of shareholder equity.

Revenue drivers

• Lease rental revenue — The core business is renting flight equipment (aircraft, engines, helicopters) to lessees under negotiated leases; total annual revenue was $8.52B in 2025, up from $8.00B in 2024 and $7.58B in 2023.
• Flight equipment sales — AerCap purchases and sells flight equipment; the filing describes negotiating purchases and sales of flight equipment as a core operating activity alongside leasing.
• Aviation asset management services — The company provides aviation asset management services, and its forward-looking disclosures cite changes in demand for both commercial aviation leasing and aviation asset management services as a factor affecting results.

Recent performance

For fiscal year 2025, AerCap reported revenue of $8.52B and net income of $3.75B, with diluted EPS of $21.30. That compares with 2024 revenue of $8.00B, net income of $2.10B and diluted EPS of $10.79, and 2023 revenue of $7.58B, net income of $3.14B and diluted EPS of $13.78. Operating cash flow was $5.39B in 2025, versus $5.44B in 2024 and $5.26B in 2023. Quarterly revenue for the period ended June 30, 2025 was $1.89B, down from $1.96B for the same quarter of 2024. At December 31, 2025, total assets were $71.67B, total liabilities $53.35B, long-term debt $43.57B, and cash and equivalents $1.38B.

Strategy

The filing does not set out a quantified strategic plan within the excerpts provided, but it identifies the company's operating focus as negotiating flight equipment purchases, sales and leases, collecting amounts due, repossessing equipment under defaulted leases, and controlling costs and expenses. AerCap also provides aviation asset management services, and its risk disclosures indicate its results depend on demand for both leasing and asset management. In February 2026 the Board declared a quarterly cash dividend of $0.40 per share, payable March 19, 2026 to holders of record as of February 25, 2026.

Risks

• Lessee credit and payment risk — The company states its results depend on the ability of lessees and potential lessees to make lease payments, and on its ability to collect outstanding amounts and repossess equipment under defaulted leases.
• Capital availability and interest rates — AerCap cites the availability of capital to itself and its customers and changes in interest rates as factors that could cause actual results to differ, against $43.57B of long-term debt and $1.38B of cash at year-end 2025.
• Geopolitical and sanctions exposure — The filing flags the continued impacts of the Ukraine Conflict, including U.S., EU, UK and other sanctions, and the impact of hostilities in the Middle East and Latin America, on its business and results.
• Trade tensions and tariffs — The company cites trade tensions, including actual or threatened U.S. tariffs and retaliatory measures by some countries, and resulting geopolitical uncertainty, along with import/export controls and other trade barriers.

Outlook

The excerpts capture forward-looking statements rather than a quantified guidance range; AerCap states that forward-looking statements speak only as of the date made and that it undertakes no obligation to update them. The filing identifies factors that could cause actual results to differ substantially from expectations, including capital availability, lessee payment ability, demand for leasing and asset management services, sanctions related to the Ukraine Conflict, geopolitical hostilities, and trade tensions and tariffs. AerCap has declared a quarterly cash dividend of $0.40 per share payable March 19, 2026, subject to Irish dividend withholding tax at a current statutory rate of 25% unless an exemption applies.