Filing Flows › AAR (AIR) › Q4 FY26
AAR (AIR) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 22, 2026
AAR (AIR) reported revenue of $928M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +10% from the quarter before. Operating margin was 6.2%, net earnings $50.7M (5.5% of revenue).
AAR, Q4 FY26: revenue $928M (+23% year over year), operating margin 6.2%, net earnings $50.7M, operating cash flow $55.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $928M | +10% | +23% |
| Gross profit | $177M | +14% | +18% |
| Operating profit | $57.7M | -38% | +21% |
| Net earnings | $50.7M | -25% | +49% |
| Operating cash flow | $55.3M | -26% | +8% |
| Free cash flow | $43.3M | -35% | +5% |
What changed
Revenue was $928.0M in Q4 FY26, up 23% year over year and up 10% from the previous quarter. Products was the largest line at 65% of revenue.
Gross margin was 19.0%, down 0.9 points from Q4 FY25. Operating profit was $57.7M, a 6.2% margin (down 0.1 points year over year). Of the extra revenue versus Q4 FY25, 6% reached operating profit, below the 6% margin then. Operating expenses grew 16% against revenue growth of 23%. The fastest-growing cost line was SG&A (+29%). Net earnings were $50.7M, up 49% year over year. The effective tax rate was 12.1%.
Operating cash flow was $55.3M (up 8% year over year), 109% of net earnings. Non-cash charges added back $21.0M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $20.9M. Capital expenditures of $12.0M left free cash flow of $43.3M.
Questions
What was AAR's revenue in the fourth quarter fiscal 2026?
AAR (AIR) reported revenue of $928M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +10% from the quarter before.
Was AAR profitable in the fourth quarter fiscal 2026?
Operating profit was $57.7M (6.2% of revenue) and net earnings $50.7M.
Source: AAR 10-K on SEC EDGAR.