Azul (AZUL) Liabilities and Shareholders Equity (2016 - 2025)
Azul (AZUL) recorded Liabilities and Shareholders Equity of $4.38 billion in Q4 2025, down 3.0% from $4.52 billion a year earlier.
Powered by 
Analysis
Azul (AZUL) Liabilities and Shareholders Equity (2016 - 2025) Analysis & Trends
Starting with Q4 2016, Azul's Liabilities and Shareholders Equity history includes 11 quarters.
- Annual Liabilities and Shareholders Equity has a five-year compound annual growth rate of 8.4% (FY2020 to FY2025).
- Across earlier years, Liabilities and Shareholders Equity came in at $4.52 billion in FY2024 (+9.0%), $4.15 billion in FY2023 (+16.5%), $3.56 billion in FY2022 (+7.1%) and $3.32 billion in FY2021 (+13.6%).
- The Q4 2025 figure is the lowest quarterly Liabilities and Shareholders Equity since Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 171.29 Bn | 165.82 Bn | - | 71.21 Bn |
| 2 | Csx | 90.34 Bn | 86.55 Bn | - | 44.73 Bn |
| 3 | United Parcel Service | 83.18 Bn | 60.07 Bn | - | 71.27 Bn |
| 4 | Canadian Pacific Kansas City | 77.13 Bn | 76.15 Bn | - | 62.83 Bn |
| 5 | Norfolk Southern | 72.86 Bn | 67.50 Bn | - | 45.12 Bn |
| 6 | Fedex | 70.02 Bn | 35.97 Bn | - | 98.94 Bn |
| 7 | Delta Air Lines | 51.16 Bn | 33.34 Bn | - | 86.05 Bn |
| 8 | Old Dominion Freight Line | 39.22 Bn | 38.48 Bn | - | 5.74 Bn |
| 9 | United Airlines Holdings | 32.92 Bn | -23.46 Bn | - | 84.57 Bn |
| 10 | Azul | 5.29 Bn | 4.39 Bn | - | 4.32 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.32 Bn |
| Dec 31, 2024 | 4.25 Bn |
| Dec 31, 2023 | 4.23 Bn |
| Dec 31, 2022 | 3.54 Bn |
| Dec 31, 2021 | 3.33 Bn |
| Dec 31, 2020 | 3.04 Bn |
| Dec 31, 2019 | 4.78 Bn |
| Dec 31, 2018 | 4.15 Bn |
| Mar 31, 2018 | 3.15 Bn |
| Dec 31, 2017 | 4.20 Bn |
| Dec 31, 2016 | 2.58 Bn |
API Access
Azul Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();