Airbus stock holds near record levels as 2025 deliveries rise

Airbus (NL0000235190) is trading with record-level company metrics behind it: 2025 deliveries rose to 766 aircraft, free cash flow before customer financing reached EUR 4.5 billion, and adjusted EBIT hit EUR 5.4 billion in 2025. The latest reported figures also showed revenue of EUR 69.2 billion, up 11% year on year, and net income of EUR 4.2 billion for 2025.

766 deliveries set the pace

Airbus delivered 766 commercial aircraft in 2025, above the 735 it handed over in 2024, and the company said its 2025 year-end target range was lifted to about 770 aircraft. That puts Airbus stock in a position where execution, not the long-term order book, is the main investor focus.

The same 2025 results showed adjusted EBIT of EUR 5.4 billion and revenue of EUR 69.2 billion, a year-on-year increase of 11% from 2024. Free cash flow before customer financing came in at EUR 4.5 billion, while net income reached EUR 4.2 billion.

Margins and cash matter

For Airbus stock, the most relevant comparison is not just delivery growth but the quality of those deliveries. Airbus reported an adjusted EBIT margin of 7.8% in 2025, which pairs with the EUR 4.5 billion free cash flow figure and shows that higher output translated into cash generation rather than only volume.

The order book remains a second pillar. Airbus closed 2025 with 878 net commercial aircraft orders, a level that gives the production ramp more visibility into 2026 and beyond.

Commercial aircraft lead

The commercial aircraft unit remains the main product engine, with the A320 family still central to deliveries and the A350 and A330 supporting the long-haul mix. Airbus also said 2025 civil aircraft backlog stayed at 8,658 aircraft, which underlines how much of the future output is already spoken for.

That backlog helps explain why the market tends to value Airbus on execution against guidance rather than on one quarter alone. A delivery miss or a production delay tends to matter more than a small swing in orders when the book is already this large.

Shares near yearly highs

Airbus stock was trading near its 52-week high in the latest market context available to this article, supported by the 2025 operating metrics and the 2026 production outlook. The share-price backdrop fits a company that is still converting backlog into cash at scale.