Emirates Group achieved strong financial results over the past four years, with total pre-tax profits reaching around AED 77.6 billion. This marks one of the strongest growth cycles in the group’s history, supported by the continued recovery of air travel and rising demand for international flights.

According to consolidated financial data for the four fiscal years ending March 31, 2026, the group continued to strengthen its position among the world’s most profitable aviation groups. Its performance was supported by the strong results of Emirates airline and dnata, in addition to growth in cargo operations and ground handling services.

Pre-tax profits recorded clear growth during the period. They increased from AED 11.3 billion in the 2022-2023 fiscal year to AED 19.2 billion in 2023-2024, then rose to AED 22.7 billion in 2024-2025, before reaching AED 24.4 billion in 2025-2026.

This brings the group’s average annual profit over the four years to around AED 19.4 billion, a level that reflects the strength of its operations and its ability to manage changes in the global aviation sector.

Cash Dividends to the Owner

In terms of distributions, Emirates Group paid cash dividends to its owner, the Investment Corporation of Dubai, totaling AED 18 billion over the past four years.

These payments were distributed as AED 4.5 billion for the 2022-2023 fiscal year, AED 4 billion for 2023-2024, AED 6 billion for 2024-2025, and AED 3.5 billion for 2025-2026.

These dividends underline the group’s strong financial position and its ability to generate sustainable returns while continuing to invest in expansion plans and service development.

Improved Profit Margin

The financial results also showed an improvement in the group’s profit margin over the four years, supported by higher revenues and better operational efficiency. The profit margin rose from 9.1% in the 2022-2023 fiscal year to 13.6% in 2023-2024, then reached 14.1% in 2024-2025, before settling at 14% in 2025-2026.

This performance reflects the group’s ability to maintain strong profitability, supported by continued demand for air travel and improved operating levels across its different business segments.

Revenue Rises to AED 150.5 Billion

Emirates Group’s revenue also grew steadily during the same period. It increased from AED 119.8 billion in the 2022-2023 fiscal year to AED 137.3 billion in 2023-2024.

Revenue then rose to AED 145.4 billion in 2024-2025, before reaching AED 150.5 billion in 2025-2026, the highest level recorded during the four-year period.

This growth reflects the expansion of the group’s operations and its ability to increase returns, despite the operational challenges facing the global aviation industry.

Growth in Assets and Liquidity

On the balance sheet side, Emirates Group’s total assets increased from AED 172.1 billion in the 2022-2023 fiscal year to AED 178.7 billion in 2023-2024. They then rose to AED 182.6 billion in 2024-2025, before reaching around AED 204 billion by the end of the 2025-2026 fiscal year.

The growth in assets points to the group’s continued investment in its operations, particularly in its fleet, infrastructure, and logistics services, supporting its future growth plans.

Cash assets also increased from AED 42.5 billion in the 2022-2023 fiscal year to AED 47.1 billion in 2023-2024, then to AED 53.4 billion in 2024-2025, before reaching AED 59.6 billion in 2025-2026.

This strong liquidity gives Emirates Group important financial flexibility, enabling it to fund expansion, meet obligations, continue dividend payments, and maintain a solid financial position.

A Strong Profitability Phase After the Pandemic

These results highlight the scale of Emirates Group’s transformation after the Covid-19 pandemic, as it moved from recovery to recording consecutive high-profit years.

With profits, revenues, and liquidity continuing to grow, the group confirms its ability to keep expanding and strengthen its presence in the global aviation sector, supported by the strength of its operations and Dubai’s position as a leading hub for travel and aviation services.