Azul (AZUL) EBT Margin (2016 - 2026)
Azul's EBT Margin was -20.91% in Q2 2026, down 47.08 percentage points from 26.17% a year earlier but up 6.38 percentage points from the prior quarter.
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Analysis
Azul (AZUL) EBT Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Azul's EBT Margin was -30.50% through Jun 30, 2026, down 6.78 percentage points year-over-year; for FY2025, it was 0.58%, up 47.64 percentage points from FY2024.
- EBT Margin shows a five-year change of +193.42 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was -47.07% in FY2024 (-34.45 pp), -12.62% in FY2023 (-8.09 pp), -4.53% in FY2022 (+37.71 pp) and -42.23% in FY2021 (+150.61 pp).
- Quarterly EBT Margin has moved between -417830835661.67% (Q3 2022) and 83.27% (Q1 2022) over five years.
- Compared with a year earlier, EBT Margin was higher in four of the last eight quarters, with an average year-over-year change of +1.20 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q3 2023 (a gain of 417830835628.82 percentage points); the worst was Q3 2022 (a drop of 417830835600.48 percentage points).
- Per Business Quant data, AZUL's EBT Margin in the three quarters before Q2 2026 was -27.29% (Q1 2026), -28.57% (Q4 2025) and -74.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 37.88% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 6.87% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 34.45% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 32.33% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 8.43% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 27.99% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 5.32% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 7.33% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 28.60% |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | -20.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -20.91% |
| Mar 31, 2026 | -27.29% |
| Dec 31, 2025 | -28.57% |
| Sep 30, 2025 | -74.62% |
| Jun 30, 2025 | 26.17% |
| Mar 31, 2025 | 30.65% |
| Dec 31, 2024 | -147.11% |
| Sep 30, 2024 | 2.38% |
| Jun 30, 2024 | -92.08% |
| Mar 31, 2024 | -22.59% |
| Dec 31, 2023 | -13.47% |
| Sep 30, 2023 | -32.85% |
| Jun 30, 2023 | 0.56% |
| Mar 31, 2023 | -7.19% |
| Dec 31, 2022 | -30.98% |
| Sep 30, 2022 | -417,830,835,661.67% |
| Jun 30, 2022 | -66.87% |
| Mar 31, 2022 | 83.27% |
| Dec 31, 2021 | -2,365.76% |
| Sep 30, 2021 | -61.19% |
API Access
Azul EBT 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=ebt-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();