Azul S.A. (BVMF:AZUL3)

Brazil · Delayed Price · Currency is BRL

15.07

-0.80 (-5.04%)

Oct 22, 2026, 5:04 PM GMT-3

Azul S.A. Financials Overview

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21,754	21,640	19,526	18,554	15,948	9,976
Revenue Growth	3.53%	10.83%	5.24%	16.34%	59.87%	73.67%
Gross Profit	4,547	6,015	5,072	3,131	1,683	775.84
Operating Income	3,109	4,321	3,247	1,415	326.76	-1,021
Net Income	1,623	124.86	-9,151	-2,380	-722.37	-4,213
Earnings Per Share	4.40	3.10	-542.81	-	-	-
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Brazil	17,389	17,158	16,084	14,676	13,013	8,849
Foreign	4,364	4,483	3,442	3,878	2,935	1,126
Total	21,754	21,640	19,526	18,554	15,948	9,976

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,269	1,018	1,282	1,897	668.35	3,075
Total Debt	22,241	36,168	37,543	26,338	23,973	24,913
Net Cash (Debt)	-20,972	-35,150	-36,261	-24,440	-23,304	-21,838
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-56.90	-871.52	-2150.78	-	-	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-1,188	-1,233	2,787	3,440	2,437	-310.62
Capital Expenditures	-677.53	-559.56	-1,259	-803.34	-1,253	-624.29
Free Cash Flow	-1,866	-1,792	1,528	2,636	1,185	-934.9
Free Cash Flow Growth	-	-	-42.03%	122.52%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	20.90%	27.79%	25.97%	16.87%	10.55%	7.78%
Operating Margin	14.29%	19.97%	16.63%	7.63%	2.05%	-10.23%
Pretax Margin	-27.08%	0.58%	-47.07%	-12.62%	-4.53%	-42.23%
Profit Margin	7.46%	0.58%	-46.87%	-12.83%	-4.53%	-42.23%
FCF Margin	-8.58%	-8.28%	7.83%	14.21%	7.43%	-9.37%