Montreal

Bombardier 2025 performance: turnaround completed, targets exceeded

Bombardier has announced strong fourth quarter and full-year 2025 financial results, exceeding targets and marking the company’s fifth consecutive year of sustained growth.

The company also released its 2026 guidance, highlighting its priorities and signaling a strong year ahead.

“Bombardier’s 2025 results validate the unwavering dedication of our team, allowing us to deliver on our commitments for the fifth consecutive year," said Éric Martel, President and Chief Executive Officer. "We fulfilled the strategic path we set in 2021 and have completed our turnaround plan with poise, discipline and consistent execution.

"Our customer-centric mindset powered strong performance across the business - driving meaningful progress in product development, the expansion of our services portfolio, strengthening our Defense offering, and advancing our deleveraging plan.

“I am incredibly proud of the entire Bombardier team - their commitment, focus and passion across every part of the organization have been instrumental in strengthening our foundation for both immediate and long-term success. We have transformed the business, reinforced our competitive position, and established a clear and disciplined track record for growth - and the future looks bright.”

Revenues surpass targets, driven by higher deliveries and a strong services performance

Bombardier recorded revenues of $9.55 billion for 2025, exceeding targets with a 10% increase year-over-year, driven by a solid delivery mix, and record-high Services and Defense revenues. The company’s Services business continued its upward growth trajectory with $2.3 billion in revenues, a 13% increase year-over-year. Bombardier continued to ramp-up its production with 157 aircraft deliveries in 2025, an increase of 11 units versus 2024.

Solid order activity supports growing backlog

Backlog for 2025 increased by $3.1 billion, reaching $17.5 billion as at December 31, 2025, an uptick of 22% year-over-year. The company also reported a full-year unit book-to-bill of 1.4, reflecting steady and strong demand across its portfolio of aircraft.

2026 Guidance

“Our 2026 guidance reflects both the sustained momentum we have built over the past five years and the confidence we have in our execution going forward. Our ability to operationalize and deliver on our ambition will not waiver as we continue to focus on growth, profitability and sustainable cash flow generation, all while delivering a customer experience that sets a new benchmark for excellence in our industry,” added Martel.

Aircraft deliveries in 2026 are expected to be greater than 157 aircraft. Revenues are expected to be greater than $10.0 billion, an increase of more than $0.4 billion versus 2025 as a result of higher aircraft deliveries, improved pricing, and continued growth in our Services business.