MARKETS / NYSE / AZUL
NYSE · AIR TRANSPORTATION, SCHEDULED · MID CAP

Azul SA AZUL

11 fiscal years on record · BRL · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
BRL 21.6B
▲ 10.8% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
Net margin · FY25
0.6%
Dividend coverage
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Result
BRL 21.6B
Revenue, FY2025 · full 11-year series below
Revenue Net income
8162421.60.120152018202120242025
8162421.60.12016201920222025

1 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.220152018202120242025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
Return on equity, FY2025
ROE
0.250.50.75120152018202120242025
0.250.50.7512016201920222025
Operating margin20.0%
Net margin0.6%
Return on assets0.5%

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksBRL -43.0M
Share of profit0.0%
Consecutive raises

Growth
+30.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+10.7%
+30.4%
+13.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
BRL 23.6B
total assets, end of FY2025
Total assetsBRL 23.6B
CashBRL 991.6M
Gross debtBRL 23.1B
Net debtBRL 22.1B
Current ratio0.21×

History
11 fiscal years
Every figure from documents filed with the SEC · BRL
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
EPS, diluted BRL
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh BRL
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
ROE %
·
·
·
·
·
·
·
·
·
·
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
20 of 20
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed