Azul (AZUL) Retained Earnings (2016 - 2025)
Azul's Retained Earnings was -$6.44 billion in Q4 2025, compared with -$5.99 billion a year earlier.
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Analysis
Azul (AZUL) Retained Earnings (2016 - 2025) Analysis & Trends
From Q4 2016 onward, Azul has reported Retained Earnings for 11 quarters.
- In earlier years, Retained Earnings was -$5.99 billion in FY2024, -$5.18 billion in FY2023, -$4.43 billion in FY2022 and -$4.05 billion in FY2021.
- The Q4 2025 figure marks the lowest quarterly Retained Earnings in data going back to Q4 2016.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 171.29 Bn | 165.82 Bn | - | 71.58 Bn |
| 2 | Csx | 90.34 Bn | 86.55 Bn | - | 11.35 Bn |
| 3 | United Parcel Service | 83.18 Bn | 60.07 Bn | - | 18.83 Bn |
| 4 | Canadian Pacific Kansas City | 77.13 Bn | 76.15 Bn | - | 13.88 Bn |
| 5 | Norfolk Southern | 72.86 Bn | 67.50 Bn | - | 13.91 Bn |
| 6 | Fedex | 70.02 Bn | 35.97 Bn | - | 44.46 Bn |
| 7 | Delta Air Lines | 51.16 Bn | 33.34 Bn | - | 14.88 Bn |
| 8 | Old Dominion Freight Line | 39.22 Bn | 38.48 Bn | - | 4.29 Bn |
| 9 | United Airlines Holdings | 32.92 Bn | -23.46 Bn | - | 11.54 Bn |
| 10 | Azul | 5.29 Bn | 4.39 Bn | - | -6.34 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -6.34 Bn |
| Dec 31, 2024 | -5.64 Bn |
| Dec 31, 2023 | -5.29 Bn |
| Dec 31, 2022 | -4.41 Bn |
| Dec 31, 2021 | -4.05 Bn |
| Dec 31, 2020 | -3.54 Bn |
| Dec 31, 2019 | -1.87 Bn |
| Dec 31, 2018 | -1.32 Bn |
| Mar 31, 2018 | -316.60 Mn |
| Dec 31, 2017 | -1.34 Bn |
| Dec 31, 2016 | -536.17 Mn |
API Access
Azul Retained Earnings 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=retained-earnings&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();