Airbus SE
5-year stock timeline
Airbus has traveled a distinctly uneven path from 2020 through mid-2026, marked by existential pressure, recovery, and the grinding reality of scaling production while supply chains remain the constraint.
2020 saw the pandemic obliterate demand. Airbus cut production rates across the A320, A330, and A350 families, suspended operations, furloughed thousands, and deferred deliveries. The market treated it as a survival story—cash, headcount, and whether the company could endure at all were the only questions that mattered.
2021 and 2022 shifted the narrative. Airbus began methodically ramping the A320 family and pushed forward with the A321XLR program. The recovery story took hold. But execution risk crept in: certification timelines, supply-chain fragility, and early 2022 geopolitical disruptions—sanctions that complicated customer transfers—reminded investors that ramp-up is harder than it sounds.
2023 through 2025 exposed the real constraint. Airbus raised production targets repeatedly but kept revising delivery guidance downward. The culprit wasn't demand; it was engines and suppliers. The company reported 766 commercial deliveries in 2024 and carried a substantial backlog into 2025, yet the narrative remained conditional: growth was real, but so was the friction. Multiples stayed tempered because every quarter brought fresh evidence that hitting higher A320 rates on schedule was the only thing that mattered, and it wasn't guaranteed.
The stock has moved to 173.8 as of late May 2026. The technical picture reflects this: a base formed in the 2020 drawdown, a multi-quarter rebound through mid-2022 with a notable interruption when geopolitical and operational issues surfaced, then an extended uptrend from 2023 onward, punctuated by pullbacks whenever supply-chain news turned sour. The trend is intact, but it hinges entirely on whether Airbus can execute the production ramp without further guidance cuts. Investors aren't betting on the company anymore—they're betting on the supply chain getting out of the way.
Key risks and downside factors
Airbus operates in a concentrated commercial-aircraft market where it shares dominance with Boeing, though meaningful competition also emerges from aero-engine suppliers, equipment makers, and defense contractors like Safran, Lockheed Martin, and Embraer. The company's risk surface is defined by its dependence on multi-year program execution, supply-chain fragility, regulatory and export-control constraints, the cyclical nature of commercial orders against steadier defense demand, and exposure to program cost overruns and currency fluctuations.
- Program execution challenges and supply-chain delays on long-lead aircraft programs can create meaningful disruptions to delivery schedules and revenue recognition timing.
- Regulatory, export-control, and geopolitical constraints—particularly around defense exports—can shrink addressable markets and push contract timelines out.
- Revenue and cash-flow volatility tends to follow the cyclical patterns of commercial airline orders and defense spending.
- Large program cost overruns, contract penalties, and currency swings can materially impair margins and cash generation.
Competitive landscape
Airbus operates in a commercial-aircraft market effectively split between itself and Boeing, though Chinese manufacturers and regional players are making real inroads in narrow-body and wide-body segments. Its defense and space divisions compete against established European and U.S. primes alongside newer entrants like SpaceX, which has fundamentally altered expectations around launch economics. Certification delays, supply-chain friction, and geopolitical headwinds remain material wildcards—the kind that can quietly compress margins or push program timelines out by quarters.
| Company | Ticker |
|---|---|
| The Boeing Company | BA.NYSE |
Private competitors
- SpaceX [web:1]
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Relative Performance vs Benchmarks
| Period | Airbus SE | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +4.67% | +0.41% | -0.78% |
| 3M | -3.94% | -2.98% | -13.64% |
| 6M | -13.50% | -18.56% | -23.94% |
| 1Y | +9.00% | +4.82% | -20.15% |
| 3Y | +47.09% | -9.89% | -38.58% |
| 5Y | +75.63% | +14.27% | -15.67% |
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How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 27.3 | 1.9 | 5.3 | 23.2 |
| 1Y ago | 28.9 | 1.8 | 5.8 | 13.9 |
| 3Y ago | 28.4 | 1.7 | 6.8 | 18.6 |
| 5Y ago | -288.1 | 1.7 | 11.9 | 22.7 |
Frequently Asked Questions
Where is the Airbus SE stock traded?
What does Airbus SE do?
What are the key metrics for AIR.XETRA?
How has Airbus SE's stock price performed?
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Does AIR.XETRA pay dividends?
What are the key risks when investing in AIR.XETRA?
- Program execution challenges and supply-chain delays on long-lead aircraft programs can create meaningful disruptions to delivery schedules and revenue recognition timing.
- Regulatory, export-control, and geopolitical constraints—particularly around defense exports—can shrink addressable markets and push contract timelines out.
- Revenue and cash-flow volatility tends to follow the cyclical patterns of commercial airline orders and defense spending.
- Large program cost overruns, contract penalties, and currency swings can materially impair margins and cash generation.
Who are the main competitors of Airbus SE?
- The Boeing Company (BA.NYSE)
When does Airbus SE report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 3.20 EUR | 1.81% | 1.79% |
| 2025 | 3.00 EUR | 2.20% | |
| 2024 | 2.80 EUR | 1.71% | |
| 2023 | 1.80 EUR | 1.41% | |
| 2022 | 1.50 EUR | 1.42% | |
| 2020 | 1.80 EUR | 3.17% | |
| 2019 | 1.65 EUR | 1.39% | |
| 2018 | 1.50 EUR | 1.64% | |
| 2017 | 1.35 EUR | 1.89% | |
| 2016 | 1.30 EUR | 2.38% | |
| 2015 | 1.20 EUR | 1.93% | |
| 2014 | 0.75 EUR | 1.41% | |
| 2013 | 0.60 EUR | 1.35% | |
| 2012 | 0.45 EUR | 1.72% | |
| 2012 | 0.39 EUR | 1.45% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 73.42B | 69.23B | 65.45B | 58.76B | 52.15B |
| Operating income (EBIT) | 5.24B | 4.80B | 4.27B | 4.74B | 4.83B |
| Net income | 5.22B | 4.23B | 3.79B | 4.25B | 4.21B |
| Free cash flow | 4.42B | 3.93B | 3.35B | 3.82B | 2.79B |
| Total assets | 134.94B | 129.21B | 118.87B | 115.94B | 107.05B |
| Equity | 26.10B | 19.61B | 17.70B | 12.95B | 9.47B |
| Net debt | 2.17B | -3.73B | -5.15B | -4.84B | -1.11B |
PWP Leeway UG (haftungsbeschränkt)
