AZUL3
ONconsolidatedAZUL S.A.
CNPJ 09305994000129
—
Ratios
Q3 25 → Q2 26Share capital from the FRE dated 2026-12-31. The FRE is annual — buybacks and issuances after that date are not reflected here.
computed — The CVM does not publish Q4 on its own — the annual filing carries the full year. This figure is the year minus the first nine months.
Ratios by year
| Year | Revenue | Net income | Gross margin | Net margin | ROE | ROA | Turnover | Year-end price | P/E | DY |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 21.64bn | 124.86m | 27.8% | 0.6% | — | 0.5% | 0.92 | — | — | — |
| 2024 | 19.53bn | -9.15bn | 26.7% | -46.9% | — | -34.8% | 0.74 | — | — | — |
| 2023 | 18.55bn | -2.38bn | 18.2% | -12.8% | — | -11.6% | 0.90 | — | — | — |
| 2022 | 15.95bn | -722.37m | 17.5% | -4.5% | — | -3.9% | 0.85 | — | — | — |
| 2021 | 9.98bn | -4.21bn | 18.6% | -42.2% | — | -22.7% | 0.54 | — | — | — |
| 2020 | 5.74bn | -10.83bn | 5.0% | -188.6% | — | -68.6% | 0.36 | — | — | — |
| 2019 | 11.44bn | -2.40bn | 0.7% | -21.0% | — | -12.5% | 0.60 | — | — | — |
| 2018 | 9.15bn | 420.28m | 17.5% | 4.6% | 13.3% | 3.6% | 0.78 | — | — | — |
| 2017 | 7.79bn | 529.04m | 23.2% | 6.8% | 18.7% | 5.1% | 0.76 | — | — | — |
| 2016 | 6.67bn | -126.31m | 18.3% | -1.9% | -12.6% | -1.5% | 0.79 | — | — | — |
From each fiscal year's DFP, with the close of the fiscal year-end month alongside. Yearly P/E and DY use the fiscal year-end close against that year's EPS and payouts — both already per share. An empty cell carries its reason in the tooltip: a loss, EPS out of scale, lot-of-a-thousand quoting, a split in the way. Yearly P/B is left out: it would need that year's share count, and the registration filing stores the latest approval's count under the reference date.
Quarterly results
| Period | Revenue | Operating | Net income | Net margin |
|---|---|---|---|---|
| Q2 26 | 4.98bn | -518.51m | -1.40bn | -28.1% |
| Q1 26 | 5.47bn | 1.96bn | 6.02bn | 110.0% |
| Q4 25 | 5.57bn | 2.20bn | -1.63bn | -29.3% |
| Q3 25 | 5.74bn | 673.62m | -1.37bn | -23.8% |
| Q2 25 | 4.94bn | -36.25m | 1.47bn | 29.7% |
| Q1 25 | 5.39bn | 1.48bn | 1.65bn | 30.7% |
| Q4 24 | 5.55bn | 1.12bn | -4.41bn | -79.6% |
| Q3 24 | 5.13bn | 1.03bn | 121.19m | 2.4% |
| Q2 24 | 4.17bn | 441.18m | -3.81bn | -91.3% |
| Q1 24 | 4.68bn | 800.74m | -1.05bn | -22.4% |
| Q4 23 | 4.91bn | 520.01m | -52.84m | -1.1% |
| Q3 23 | 4.92bn | 671.83m | -1.61bn | -32.8% |
Balance sheet
| Period | Total assets | Equity | Assets / Equity | Current ratio |
|---|---|---|---|---|
| Q2 26 | 30.78bn | -5.15bn | — | 0.42 |
| Q1 26 | 31.17bn | -3.77bn | — | 0.50 |
| Q4 25 | 23.64bn | -29.04bn | — | 0.21 |
| Q3 25 | 27.63bn | -27.41bn | — | 0.27 |
| Q2 25 | 26.90bn | -26.04bn | — | 0.34 |
| Q1 25 | 25.55bn | -28.45bn | — | 0.35 |
| Q4 24 | 26.27bn | -30.44bn | — | 0.27 |
| Q3 24 | 23.40bn | -26.04bn | — | 0.27 |
| Q2 24 | 22.83bn | -26.17bn | — | 0.28 |
| Q1 24 | 20.90bn | -22.37bn | — | 0.34 |
| Q4 23 | 20.53bn | -21.33bn | — | 0.34 |
| Q3 23 | 19.61bn | -21.29bn | — | 0.42 |
A balance sheet is a snapshot, not a window: there is no “computed Q4” here — December's figure is what the annual filing published.
What the company filed
| Filing | Period | Filed on | Days after close | Document |
|---|---|---|---|---|
| ITRT2 | 2026-06-30 | 2026-08-13 | 44 | CVM ↗ |
| ITRT1 | 2026-03-31 | 2026-05-07 | 37 | CVM ↗ |
| DFPanual | 2025-12-31 | 2026-03-27 | 86 | CVM ↗ |
| ITRT3 | 2025-09-30 | 2025-11-14 | 45 | CVM ↗ |
| ITRT2 | 2025-06-30 | 2025-08-14 | 45 | CVM ↗ |
| ITRT1 | 2025-03-31 | 2025-05-14 | 44 | CVM ↗ |
| DFPanual | 2024-12-31 | 2025-02-24 | 55 | CVM ↗ |
| ITRT3 | 2024-09-30 | 2024-11-14 | 45 | CVM ↗ |
| ITRT2 | 2024-06-30 | 2024-08-12 | 43 | CVM ↗ |
| ITRT1 | 2024-03-31 | 2024-05-13 | 43 | CVM ↗ |
| DFPanual | 2023-12-31 | 2024-04-12 | 103 | CVM ↗ |
| ITRT3 | 2023-09-30 | 2023-12-07 | 68 | CVM ↗ |
| ITRT2 | 2023-06-30 | 2023-08-10 | 41 | CVM ↗ |
| ITRT1 | 2023-03-31 | 2023-05-15 | 45 | CVM ↗ |
| DFPanual | 2022-12-31 | 2023-03-06 | 65 | CVM ↗ |
| ITRT3 | 2022-09-30 | 2022-11-10 | 41 | CVM ↗ |
When the next one is due
This is measured habit, not company guidance: the CVM publishes no forward calendar as open data. The estimate applies this company's historical median to the next period.