European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank84

Germany · Industrials

Fraport

Airport operator providing terminal, airside and management services at Frankfurt and international airports.

+39%revenue growth
FY2022–FY2025
+226%net-income growth
FY2022–FY2025
+84%stock return
FY2022–FY2025
−4%2026 stock return
current context only

Company profile

Run a hub, build capacity and export airport know-how

Fraport AG Frankfurt Airport Services Worldwide is the listed parent of the Fraport Group. It owns and manages Frankfurt Airport and holds FRA's operating permit, while group companies add ground handling, commercial property and other specialist services. Abroad, Fraport works through concession companies, controlled holdings, minority interests and consulting mandates, so its role is not identical at every airport. The examples below distinguish the airport operator from airlines, public authorities, tenants, local companies and project partners.

Frankfurt Airport

Coordinate aircraft, passengers and safety across one shared system

Fraport AG owns and manages Frankfurt Airport and holds its operating permit without a time limit. Its terminal and airside teams manage passenger flows, infrastructure and operating resources in close coordination with airlines and partners. The wholly owned Fraport Ground Services GmbH handles aircraft, baggage and freight and performs related technical services. Fraport runs the airport platform and many operating services, but airlines operate flights and public authorities retain their own statutory roles.

Business model

Earn from infrastructure, handling, commercial space and airport property

Fraport's four reporting segments turn one airport system into distinct businesses. Aviation manages terminal facilities and passenger processes; Ground Handling covers loading, baggage and passenger services; Retail & Real Estate develops and rents space, parking and advertising; International Activities & Services takes expertise abroad and contains central services. At the Frankfurt CargoHub, Fraport calls itself an enabler for a 250-company cargo community rather than the sole handler. Its allivate joint venture with DAKOSY develops the Cargo Community System and operational dashboard.

International portfolio

Use different concession vehicles for different jobs abroad

Fraport describes a footprint of 29 airports and airport-related companies on four continents, including 28 airports outside Frankfurt after the Delhi divestiture. The roles differ: wholly owned Brazilian subsidiaries manage and operate Fortaleza and Porto Alegre; controlled companies run concession networks in Greece and Bulgaria; the Antalya interest manages terminals; Fraport USA manages retail centres; and the Hong Kong minority interest operates a logistics centre. Stake percentages refer to local companies, not ownership of airport land.

Strategy and infrastructure

Add terminal capacity, digitalise the journey and narrow the climate claim

Fraport.2030 makes the passenger journey the overarching task and sets three priorities: growth and sustainability, efficiency and innovation, and becoming an employer of choice. Frankfurt's Terminal 3 began regular operations on 23 April 2026 with capacity for up to 19 million passengers, 64 stores and restaurants and 57 relocating airlines. Fraport Ausbau Süd GmbH, a wholly owned Fraport subsidiary, managed the approximately EUR 4 billion construction project. Fraport's 2045 Net Zero target covers Scopes 1 and 2 at fully consolidated Group sites, not airline or passenger-travel emissions.

Current 2026 update

What has changed in 2026?

H1 2026 · 13 July 2026

H1 2026latest official update
4company-specific highlights
−4%2026 stock return · context only

Group passengers

Fraport's actively managed airports handled 77.7 million passengers in H1 2026, up 1.0% year on year.

H1 2026 · 77.7m passengers · +1.0%

Frankfurt passengers

Frankfurt Airport passenger traffic declined 0.8% to about 28.9 million in H1.

H1 2026 · 28.9m passengers · -0.8%

Frankfurt passenger outlook

After a slight H1 traffic decline, Fraport reduced its full-year Frankfurt passenger expectation to about the 2025 level.

H1 2026

Financial outlook

Fraport maintained its 2026 financial outlook, while warning that weaker German traffic was expected to dampen full-year financial performance.

H1 2026

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202584+39%+226%+84%