NYSE · AIR TRANSPORTATION, SCHEDULED · MID CAP
Azul SA AZUL
11 fiscal years on record · BRL · FY2025 reported · SEC filings only
In brief
What this company does
Written from the business description in AZUL SA's annual report to the U.S. Securities and Exchange Commission, filed 3 April 2026. Every sentence was checked against that document before publication.
Growth
BRL 21.6B
Revenue, FY2025 · full 11-year series below
Revenue BRL B
Net income BRL B
FY2025 · Revenue 21.6 · Net income 0.1
Compound annual growth
Revenue compounded at +30.4% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
1 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 20.0% · Net 0.6%
ROE
No chart to show — the reason differs by year; see each year in the table below.
The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · BRL
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue BRL B | 21.6 | 19.5 | 18.6 | 15.9 | 10.0 | 5.7 | 11.4 | 9.1 | 7.7 | 6.7 | 6.3 |
| Operating income BRL B | 4.3 | 3.4 | 1.7 | 1.4 | 0.1 | −1.4 | −1.2 | 1.2 | 1.2 | 0.3 | −0.2 |
| EBITDA BRL B | 7.3 | 6.0 | 4.1 | 3.5 | 1.6 | 0.4 | 0.4 | 2.5 | 2.3 | 0.6 | 0.1 |
| Income tax BRL B | 0.0 | −0.0 | 0.0 | 0.0 | 0.0 | −0.2 | −0.1 | 0.2 | −0.0 | 0.1 | · |
| Net income BRL B | 0.1 | −9.2 | −2.4 | −0.7 | −4.2 | −10.8 | −2.4 | −0.6 | 0.4 | −0.1 | −1.1 |
| Free cash flow BRL B | −1.4 | 2.1 | 3.0 | 1.8 | −0.9 | 0.6 | 1.2 | 0.7 | 0.3 | −0.3 | −1.6 |
| EPS, diluted BRL | · | · | · | · | · | · | · | · | · | · | · |
| Dividend / sh BRL | · | · | · | · | · | · | · | · | · | · | · |
| Payout % | · | · | · | · | · | · | · | · | · | · | · |
| ROE % | · | · | · | · | · | · | · | · | · | · | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Provenance
Company facts, as filed
How we verify · 0 failures in 31 reconciliationsAUDITED
Reconciled in 11 of 19 fiscal years. 45 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Scheduled
Listed onNYSE
Incorporated inoutside the United States — SEC code D5
Fiscal year endsDecember 31
Data on record since2015