Azul (AZUL) Payables (2016 - 2026)
Azul (AZUL) reported Payables of $4.64 billion for Q2 2026, down 33.1% from $6.93 billion a year earlier but up 3.7% from the prior quarter.
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Analysis
Azul (AZUL) Payables (2016 - 2026) Analysis & Trends
At the end of FY2025, Azul posted Payables of $7.25 billion, up 18.4% from FY2024.
- Payables has increased for five consecutive years, with a five-year compound annual growth rate of 62.7% (FY2020 to FY2025).
- By year, Payables came in at $6.12 billion in FY2024 (+16.6%), $5.25 billion in FY2023 (+22.9%), $4.27 billion in FY2022 (+3.2%) and $4.14 billion in FY2021 (+551.4%).
- Five-year quarterly Payables spans a low of $1.16 billion in Q3 2021 and a high of $7.67 billion in Q3 2025.
- Year over year, Payables gained in six of the last eight quarters, with growth averaging 7.7%.
- The high point for year-over-year Payables in five years was Q4 2021 (growth of 551.4%); the low point was Q3 2021 (a decline of 69.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $4.48 billion (Q1 2026), $7.25 billion (Q4 2025) and $7.67 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 4.32 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 6.15 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 1.14 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 2.21 Bn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 5.71 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 2.06 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 7.70 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 5.40 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 88.46 Mn |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | 4.64 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.64 Bn |
| Mar 31, 2026 | 4.48 Bn |
| Dec 31, 2025 | 7.25 Bn |
| Sep 30, 2025 | 7.67 Bn |
| Jun 30, 2025 | 6.93 Bn |
| Mar 31, 2025 | 6.65 Bn |
| Dec 31, 2024 | 6.12 Bn |
| Sep 30, 2024 | 5.83 Bn |
| Jun 30, 2024 | 5.69 Bn |
| Mar 31, 2024 | 5.33 Bn |
| Dec 31, 2023 | 5.25 Bn |
| Sep 30, 2023 | 5.12 Bn |
| Jun 30, 2023 | 5.13 Bn |
| Mar 31, 2023 | 4.78 Bn |
| Dec 31, 2022 | 4.27 Bn |
| Sep 30, 2022 | 4.45 Bn |
| Jun 30, 2022 | 4.53 Bn |
| Mar 31, 2022 | 4.54 Bn |
| Dec 31, 2021 | 4.14 Bn |
| Sep 30, 2021 | 1.16 Bn |
API Access
Azul Payables 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=payables&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();