The Emirates Group released its 2025-26 Annual Report, achieving new record profit, revenue, and cash balance levels, despite a disruptive and challenging 12 months in its financial year.

Emirates is the world’s most profitable airline in the 2025-26 reporting period. For the financial year ended 31 March 2026, the Emirates Group reported: record profit before tax (PBT) of AED 24.4 billion ($ 6.6 billion), up 7% from last year, and a PBT margin of 16.2%; record revenue of AED 150.5 billion ($ 41.0 billion), up 3% over last year’s results; record level of cash assets at AED 59.6 billion ($ 16.2 billion), up 12% from last year; and EBITDA of AED 41.1 billion ($ 11.2 billion), reflecting its strong operating profitability.

Emirates retains its place as the world’s most profitable airline, reporting: record profit before tax (PBT) of AED 22.8 billion ($ 6.2 billion), up 7% from last year, and a PBT margin of 17.4%; record revenue of AED 130.9 billion ($ 35.7 billion), an increase of 2% over last year; and highest-ever level of cash assets at AED 54.9 billion ($ 15.0 billion), 10% higher compared to 31 March 2025.

The Group declares a dividend of AED 3.5 billion ($ 1.0 billion) to its owner, the Investment Corporation of Dubai (ICD).