Azul (AZUL) EBITDA Margin (2016 - 2026)
Azul (AZUL) posted EBITDA Margin of 25.25% for Q2 2026, down 13.30 percentage points from 38.55% a year earlier and down 34.45 percentage points from the prior quarter.
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Analysis
Azul (AZUL) EBITDA Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Azul was 60.81%, up 0.80 percentage points year-over-year; for FY2025, it was 33.89%, up 3.40 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of +26.82 percentage points (FY2020 to FY2025).
- In prior years, Azul's EBITDA Margin was 30.50% in FY2024 (+8.59 pp), 21.91% in FY2023 (-0.19 pp), 22.10% in FY2022 (+6.07 pp) and 16.03% in FY2021 (+8.95 pp).
- The Q2 2026 figure stands as the lowest quarterly EBITDA Margin since Q2 2024.
- On a year-over-year basis, EBITDA Margin increased in six of the last eight quarters, with an average year-over-year change of +18.82 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q3 2022, with a gain of 386461772907.73 percentage points; the weakest was Q3 2023, with a drop of 386461772882.76 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 59.70% (Q1 2026), 62.75% (Q4 2025) and 162.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 49.83% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 11.85% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 49.37% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 47.78% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 10.71% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 42.91% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 10.54% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 12.44% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 34.14% |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | 25.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.25% |
| Mar 31, 2026 | 59.70% |
| Dec 31, 2025 | 62.75% |
| Sep 30, 2025 | 162.13% |
| Jun 30, 2025 | 38.55% |
| Mar 31, 2025 | 42.56% |
| Dec 31, 2024 | 100.22% |
| Sep 30, 2024 | 56.13% |
| Jun 30, 2024 | 25.23% |
| Mar 31, 2024 | -10.45% |
| Dec 31, 2023 | 93.84% |
| Sep 30, 2023 | 50.69% |
| Jun 30, 2023 | 21.82% |
| Mar 31, 2023 | 35.68% |
| Dec 31, 2022 | 62.94% |
| Sep 30, 2022 | 386,461,772,933.45% |
| Jun 30, 2022 | 15.66% |
| Mar 31, 2022 | 11.66% |
| Dec 31, 2021 | 694.85% |
| Sep 30, 2021 | 25.72% |
API Access
Azul EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "AZUL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();