Azul (AZUL) Other Working Capital Changes (2016 - 2026)
Azul's Other Working Capital Changes came in at $125.64 million for Q2 2026, up 104.6% from $61.4 million a year earlier and up 914.3% from the prior quarter.
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Analysis
Azul (AZUL) Other Working Capital Changes (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Azul reported Other Working Capital Changes of $275.98 million, down 58.7% year-over-year; for FY2025, it was -$55.23 million.
- Going back by year, Other Working Capital Changes was -$87.25 million in FY2024, -$13.23 million in FY2023, $103.49 million in FY2022 (-25.6%) and $139.07 million in FY2021 (-37.8%).
- The Q2 2026 figure represents the highest quarterly Other Working Capital Changes since Q4 2024.
- Year-over-year, Other Working Capital Changes increased in four of the last eight quarters, with growth averaging 98.8%.
- The fastest year-over-year change in Other Working Capital Changes over five years came in Q4 2024 (growth of 498.3%), and the weakest in Q3 2025 (a decline of 80.4%).
- Business Quant data shows AZUL's Other Working Capital Changes at $12.39 million (Q1 2026), $96.77 million (Q4 2025) and $41.19 million (Q3 2025) in the three quarters before Q2 2026.
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 | 125.64 Mn |
| Mar 31, 2026 | 12.39 Mn |
| Dec 31, 2025 | 96.77 Mn |
| Sep 30, 2025 | 41.19 Mn |
| Jun 30, 2025 | 61.40 Mn |
| Mar 31, 2025 | 23.41 Mn |
| Dec 31, 2024 | 372.60 Mn |
| Sep 30, 2024 | 210.58 Mn |
| Jun 30, 2024 | 156.01 Mn |
| Mar 31, 2024 | 7.59 Mn |
| Dec 31, 2023 | 1.07 Bn |
| Sep 30, 2023 | 61.76 Mn |
| Jun 30, 2023 | 251.03 Mn |
| Mar 31, 2023 | 187.94 Mn |
| Dec 31, 2022 | 754.36 Mn |
| Sep 30, 2022 | 589.45 Mn |
| Jun 30, 2022 | 222.48 Mn |
| Mar 31, 2022 | 173.34 Mn |
| Dec 31, 2021 | 612.95 Mn |
| Sep 30, 2021 | 471.69 Mn |
API Access
Azul Other Working Capital Changes 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=other-working-capital-changes&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();