Airbus dividend
MyStockButler's October 2026 analysis: Airbus's latest approved payment is €3.20 per share, with the base case rising from €4.20 to €5.00. From 2021 through 2025, free cash flow totalled €15.950 billion against €7.189 billion of dividends, so cash covered the dividend over that period.
How much does Airbus pay per share?
Dividends rise moderately in the base case, from €4.20 to €5.00, with €4.60 in the middle period. The estimate starts with analyst EPS of €8.66597 and the latest 48% payout reference. The bear holds DPS at €3.20, the latest approved payment, while the bull reaches €4.40, €5.20 and €6.10 as cash conversion improves.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow per share | 4.72 | 4.31 | 3.72 | 4.52 | 2.94 |
| − Dividends paid, per share | 3.00 | 2.80 | 1.80 | 1.50 | 0.00 |
| = FCF not paid out, per share | 1.72 | 1.51 | 1.92 | 3.02 | 2.94 |
What this means. The company's own free cash flow per share is higher because it uses different rules for adjusting cash, while our count uses cash from running the business minus spending on equipment.
How much would Airbus's dividend pay you?
€10,000 invested in Airbus at its 1.6% dividend yield (our report of October 29, 2026) pays €160.00 in the first year, before tax. If its dividend stays flat and the dividends are reinvested, year 10 pays €184.57, with €1,720.26 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Does Airbus's cash cover its dividend?
Free cash flow totalled €15.950 billion from 2021 through 2025, while dividends paid totalled €7.189 billion. The series records no share buybacks during those years. The cash not paid out helped fund factories, acquisitions, securities and debt management.
In 2025 Airbus generated €7.995 billion from operations. After capital spending and lease payments, the table’s free-cash-flow calculation was €3.731 billion; after stock pay, its analytical “real” free cash flow was €3.372 billion. Stock pay is not a cash payment of that amount, but treating it as a cost recognises dilution borne by shareholders.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 3,731 | 3,409 | 2,937 | 3,562 | 2,311 |
| − Dividends paid | 2,372 | 2,215 | 1,421 | 1,181 | 0 |
| − Share buybacks | 0 | 0 | 0 | 0 | 0 |
| = Free cash flow not paid out | 1,357 | 1,193 | 1,516 | 2,380 | 2,311 |
| Paid out, % of free cash flow | 63.6% | 65.0% | 48.4% | 33.2% | 0.0% |
What could change Airbus's dividend?
Airbus raised the upper end of its dividend policy in 2025. In July 2026, it approved a proposed €5 billion share-buyback programme. The pattern is clear: Airbus invested heavily, strengthened its balance sheet, and then increased distributions as confidence in its cash generation grew.
The bridge assumes Airbus achieves its €4.5 billion 2026 free-cash-flow target after negative nine-month cash flow. Thereafter, the base assumes rising cash generation alongside dividends and buybacks; the bear assumes weaker cash conversion and reduced repurchases, while the bull assumes faster delivery cash.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Normal operating profit | 8,100 (6,200 / 8,800) | 9,200 (6,600 / 10,500) | 10,300 (7,000 / 12,000) |
| Dividends per share | 4.20 (3.20 / 4.40) | 4.60 (3.20 / 5.20) | 5.00 (3.20 / 6.10) |
| Net debt | -6,255 (-7,384 / -7,096) | -7,815 (-9,752 / -9,385) | -9,794 (-12,417 / -12,008) |