Azul (AZUL) Operating Leases (2017 - 2026)
Azul (AZUL) posted Operating Leases of $500.06 million for Q2 2026, down 33.2% from $748.5 million a year earlier but up 5.4% from the prior quarter.
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Analysis
Azul (AZUL) Operating Leases (2017 - 2026) Analysis & Trends
At the end of FY2025, Azul's Operating Leases came in at $1.71 billion, down 29.9% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of -2.8% (FY2020 to FY2025).
- In prior years, Azul's Operating Leases was $2.44 billion in FY2024 (+3.2%), $2.36 billion in FY2023 (+18.3%), $2 billion in FY2022 (-2.3%) and $2.05 billion in FY2021 (+3.6%).
- Quarterly Operating Leases has run from a low of $1.82 million in Q2 2023 to a high of $2.94 billion in Q3 2025 over five years.
- On a year-over-year basis, Operating Leases has declined in each of the last three quarters, with growth averaging 17.7% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q1 2025, with growth of 282.2%; the weakest was Q2 2023, with a decline of 99.9%.
- According to Business Quant data, Operating Leases for the three prior quarters was $474.32 million (Q1 2026), $1.71 billion (Q4 2025) and $2.94 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 500.06 Mn |
| Mar 31, 2026 | 474.32 Mn |
| Dec 31, 2025 | 1.71 Bn |
| Sep 30, 2025 | 2.94 Bn |
| Jun 30, 2025 | 748.50 Mn |
| Mar 31, 2025 | 2.37 Bn |
| Dec 31, 2024 | 2.44 Bn |
| Sep 30, 2024 | 1.92 Bn |
| Jun 30, 2024 | 1.94 Bn |
| Mar 31, 2024 | 619.93 Mn |
| Dec 31, 2023 | 2.36 Bn |
| Sep 30, 2023 | 1.78 Bn |
| Jun 30, 2023 | 1.82 Mn |
| Mar 31, 2023 | 1.95 Bn |
| Dec 31, 2022 | 2.00 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 2.02 Bn |
| Mar 31, 2022 | 2.03 Bn |
| Dec 31, 2021 | 2.05 Bn |
| Sep 30, 2021 | 2.41 Bn |
API Access
Azul Operating Leases 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=operating-leases&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();