# AAR Corp: financial statements, quarterly

AIR · NYSE · CIK 1750 · [Industrials](/sectors/industrials.md) · fiscal year ends May 31

Pages: [Overview](/companies/air.md) · [Financials](/companies/air/financials.md) · [Filings](/companies/air/filings.md) · [Insiders](/companies/air/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/air/financials.md?period=annual).

## Income statement

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q4 FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q4 FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [545](/filings/0001410578-25-000003.md) | [567](/filings/0001410578-25-000519.md) | [657 d](/filings/0001104659-26-085459.md) | [662](/filings/0001104659-25-092589.md) | [686](/filings/0001104659-26-001420.md) | [678](/filings/0001104659-26-033973.md) | [755 d](/filings/0001104659-26-085459.md) | [740](/filings/0001104659-26-111786.md) | [795](/filings/0001104659-26-001420.md) | [845](/filings/0001104659-26-033973.md) | [928 d](/filings/0001104659-26-085459.md) | [918](/filings/0001104659-26-111786.md) |
| Cost of revenue | $m | [442](/filings/0001410578-25-000003.md) | [457](/filings/0001410578-25-000519.md) | [529 d](/filings/0001104659-26-085459.md) | [545](/filings/0001104659-25-092589.md) | [558](/filings/0001104659-26-001420.md) | [547](/filings/0001104659-26-033973.md) | [604 d](/filings/0001104659-26-085459.md) | [606](/filings/0001104659-26-111786.md) | [638](/filings/0001104659-26-001420.md) | [690](/filings/0001104659-26-033973.md) | [751 d](/filings/0001104659-26-085459.md) | [742](/filings/0001104659-26-111786.md) |
| Gross profit | $m | [103](/filings/0001410578-25-000003.md) | [110](/filings/0001410578-25-000519.md) | [127 d](/filings/0001104659-26-085459.md) | [117](/filings/0001104659-25-092589.md) | [129](/filings/0001104659-26-001420.md) | [132](/filings/0001104659-26-033973.md) | [150 d](/filings/0001104659-26-085459.md) | [134](/filings/0001104659-26-111786.md) | [157](/filings/0001104659-26-001420.md) | [155](/filings/0001104659-26-033973.md) | [177 d](/filings/0001104659-26-085459.md) | [176](/filings/0001104659-26-111786.md) |
| Selling, general and administrative | $m | [65.7](/filings/0001410578-25-000003.md) | [77.0](/filings/0001410578-25-000519.md) | [94.8 d](/filings/0001104659-26-085459.md) | [75.9](/filings/0001104659-25-092589.md) | [133](/filings/0001104659-26-001420.md) | [61.3](/filings/0001104659-26-033973.md) | [77.4 d](/filings/0001104659-26-085459.md) | [71.8](/filings/0001104659-26-111786.md) | [88.7](/filings/0001104659-26-001420.md) | [89.8](/filings/0001104659-26-033973.md) | [99.6 d](/filings/0001104659-26-085459.md) | [107](/filings/0001104659-26-111786.md) |
| Interest expense | $m | [6.2](/filings/0001104659-23-128321.md) | [11.9](/filings/0001104659-24-037408.md) | [19.3 d](/filings/0001104659-24-080890.md) | [18.8](/filings/0001104659-25-092589.md) | [19.3](/filings/0001104659-26-001420.md) | [18.5](/filings/0001104659-26-033973.md) | [18.8 d](/filings/0001104659-26-085459.md) | [18.8](/filings/0001104659-26-111786.md) | [19.1](/filings/0001104659-26-001420.md) | [17.5](/filings/0001104659-26-033973.md) | [16.7 d](/filings/0001104659-26-085459.md) | [16.6](/filings/0001104659-26-111786.md) |
| Income tax | $m | [7.9](/filings/0001410578-25-000003.md) | [6.5](/filings/0001410578-25-000519.md) | [4.5 d](/filings/0001104659-26-085459.md) | [6.9](/filings/0001104659-25-092589.md) | [8.1](/filings/0001104659-26-001420.md) | [(2.2)](/filings/0001104659-26-033973.md) | [13.6 d](/filings/0001104659-26-085459.md) | [12.6](/filings/0001104659-26-111786.md) | [13.5](/filings/0001104659-26-001420.md) | [25.1](/filings/0001104659-26-033973.md) | [7.0 d](/filings/0001104659-26-085459.md) | [15.3](/filings/0001104659-26-111786.md) |
| Net income | $m | [23.8](/filings/0001410578-25-000003.md) | [14.0](/filings/0001410578-25-000519.md) | [9.1 d](/filings/0001104659-26-085459.md) | [18.0](/filings/0001104659-25-092589.md) | [(30.6)](/filings/0001104659-26-001420.md) | [(8.9)](/filings/0001104659-26-033973.md) | [34.0 d](/filings/0001104659-26-085459.md) | [34.4](/filings/0001104659-26-111786.md) | [34.6](/filings/0001104659-26-001420.md) | [68.0](/filings/0001104659-26-033973.md) | [50.7 d](/filings/0001104659-26-085459.md) | [40.1](/filings/0001104659-26-111786.md) |
| Diluted EPS | $ per share | [0.67](/filings/0001410578-25-000003.md) | [0.39](/filings/0001410578-25-000519.md) | not reported | [0.50](/filings/0001104659-25-092589.md) | [(0.87)](/filings/0001104659-26-001420.md) | [(0.25)](/filings/0001104659-26-033973.md) | not reported | [0.95](/filings/0001104659-26-111786.md) | [0.90](/filings/0001104659-26-001420.md) | [1.71](/filings/0001104659-26-033973.md) | not reported | [1.00](/filings/0001104659-26-111786.md) |
| Basic EPS | $ per share | [0.67](/filings/0001410578-25-000003.md) | [0.40](/filings/0001410578-25-000519.md) | not reported | [0.50](/filings/0001104659-25-092589.md) | [(0.87)](/filings/0001104659-26-001420.md) | [(0.25)](/filings/0001104659-26-033973.md) | not reported | [0.96](/filings/0001104659-26-111786.md) | [0.91](/filings/0001104659-26-001420.md) | [1.72](/filings/0001104659-26-033973.md) | not reported | [1.01](/filings/0001104659-26-111786.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold
- Gross profit: us-gaap:GrossProfit
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [65.1](/filings/0001104659-23-128321.md) | [69.2](/filings/0001104659-24-037408.md) | [85.8](/filings/0001410578-25-001475.md) | [49.3](/filings/0001410578-24-001617.md) | [61.7](/filings/0001410578-25-000003.md) | [84.4](/filings/0001410578-25-000519.md) | [96.5](/filings/0001104659-26-085459.md) | [80.0](/filings/0001104659-25-092589.md) | [75.6](/filings/0001104659-26-001420.md) | [78.5](/filings/0001104659-26-033973.md) | [84.0](/filings/0001104659-26-111786.md) | [105](/filings/0001104659-26-111786.md) |
| Current assets | $m | [1,194](/filings/0001104659-23-128321.md) | [1,241](/filings/0001104659-24-037408.md) | [1,390](/filings/0001410578-25-001475.md) | [1,427](/filings/0001410578-24-001617.md) | [1,498](/filings/0001410578-25-000003.md) | [1,535](/filings/0001410578-25-000519.md) | [1,511](/filings/0001104659-26-085459.md) | [1,567](/filings/0001104659-25-092589.md) | [1,690](/filings/0001104659-26-001420.md) | [1,764](/filings/0001104659-26-033973.md) | [1,742](/filings/0001104659-26-111786.md) | [1,840](/filings/0001104659-26-111786.md) |
| Total assets | $m | [1,966](/filings/0001104659-23-128321.md) | [2,022](/filings/0001104659-24-037408.md) | [2,770](/filings/0001410578-25-001475.md) | [2,783](/filings/0001410578-24-001617.md) | [2,849](/filings/0001410578-25-000003.md) | [2,859](/filings/0001410578-25-000519.md) | [2,845](/filings/0001104659-26-085459.md) | [2,930](/filings/0001104659-25-092589.md) | [3,243](/filings/0001104659-26-001420.md) | [3,333](/filings/0001104659-26-033973.md) | [3,356](/filings/0001104659-26-111786.md) | [3,427](/filings/0001104659-26-111786.md) |
| Current liabilities | $m | [380](/filings/0001104659-23-128321.md) | [428](/filings/0001104659-24-037408.md) | [467](/filings/0001410578-25-001475.md) | [467](/filings/0001410578-24-001617.md) | [558](/filings/0001410578-25-000003.md) | [545](/filings/0001410578-25-000519.md) | [555](/filings/0001104659-26-085459.md) | [539](/filings/0001104659-25-092589.md) | [594](/filings/0001104659-26-001420.md) | [653](/filings/0001104659-26-033973.md) | [613](/filings/0001104659-26-111786.md) | [651](/filings/0001104659-26-111786.md) |
| Total liabilities | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Long-term debt | $m | [275](/filings/0001104659-23-128321.md) | [275](/filings/0001104659-24-037408.md) | [985](/filings/0001410578-25-001475.md) | [981](/filings/0001410578-24-001617.md) | [987](/filings/0001410578-25-000003.md) | [1,022](/filings/0001410578-25-000519.md) | [968](/filings/0001104659-26-085459.md) | [1,022](/filings/0001104659-25-092589.md) | [953](/filings/0001104659-26-001420.md) | [888](/filings/0001104659-26-033973.md) | [894](/filings/0001104659-26-111786.md) | [880](/filings/0001104659-26-111786.md) |
| Current portion of debt | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Short-term borrowings | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $m | [1,156](/filings/0001410578-25-000519.md) | [1,168](/filings/0001410578-25-000519.md) | [1,190](/filings/0001104659-26-085459.md) | [1,210](/filings/0001104659-26-033973.md) | [1,182](/filings/0001104659-26-033973.md) | [1,183](/filings/0001104659-26-033973.md) | [1,212](/filings/0001104659-26-111786.md) | [1,249](/filings/0001104659-26-111786.md) | [1,561](/filings/0001104659-26-033973.md) | [1,643](/filings/0001104659-26-033973.md) | [1,704](/filings/0001104659-26-111786.md) | [1,742](/filings/0001104659-26-111786.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: not reported
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: not reported
- Short-term borrowings: not reported
- Shareholders' equity: us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest, us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q4 FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q4 FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [17.4 d](/filings/0001410578-25-000003.md) | [20.4 d](/filings/0001410578-25-000519.md) | [24.5 d](/filings/0001104659-26-085459.md) | [(18.6)](/filings/0001104659-25-092589.md) | [22.0 d](/filings/0001104659-26-001420.md) | [(18.7) d](/filings/0001104659-26-033973.md) | [51.4 d](/filings/0001104659-26-085459.md) | [(44.9)](/filings/0001104659-26-111786.md) | [13.6 d](/filings/0001104659-26-001420.md) | [74.7 d](/filings/0001104659-26-033973.md) | [55.3 d](/filings/0001104659-26-085459.md) | [55.8](/filings/0001104659-26-111786.md) |
| Capital expenditure | $m | [7.3 d](/filings/0001410578-25-000003.md) | [5.8 d](/filings/0001410578-25-000519.md) | [7.5 d](/filings/0001104659-26-085459.md) | [7.9](/filings/0001104659-25-092589.md) | [8.3](/filings/0001104659-26-001420.md) | [8.5](/filings/0001104659-26-033973.md) | [10.0 d](/filings/0001104659-26-085459.md) | [8.7](/filings/0001104659-26-111786.md) | [7.4](/filings/0001104659-26-001420.md) | [8.5](/filings/0001104659-26-033973.md) | [12.0 d](/filings/0001104659-26-085459.md) | [11.8](/filings/0001104659-26-111786.md) |
| Dividends paid | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Share repurchases | $m | not reported | not reported | [0.0 d](/filings/0001104659-26-085459.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment, us-gaap:PaymentsToAcquireProductiveAssets
- Dividends paid: not reported
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q2 FY2023 (2022-11-30) | Q3 FY2023 (2023-02-28) | Q1 FY2024 (2023-08-31) | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [34.7](/filings/0001104659-23-128321.md) | [34.6](/filings/0001104659-24-037408.md) | [35.1](/filings/0001410578-24-001617.md) | [35.3](/filings/0001410578-25-000003.md) | [0.0](/filings/0001410578-25-000519.md) | [35.6](/filings/0001104659-25-092589.md) | [35.2](/filings/0001104659-26-001420.md) | [35.4](/filings/0001104659-26-033973.md) | [35.9](/filings/0001104659-26-111786.md) | [38.1](/filings/0001104659-26-001420.md) | [39.5](/filings/0001104659-26-033973.md) | [39.9](/filings/0001104659-26-111786.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 40,194,211 at 2026-08-31, from the cover of the [10-Q filed 2026-09-29](/filings/0001104659-26-111786.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:17 ET. No prices; not investment advice.