Azul (AZUL) Share-based Compensation (2017 - 2025)
Azul (AZUL) recorded Share-based Compensation of $12,242 in Q4 2025, down 99.3% from $1.8 million a year earlier and down 66.3% from the prior quarter.
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Analysis
Azul (AZUL) Share-based Compensation (2017 - 2025) Analysis & Trends
For FY2025, Azul reported Share-based Compensation of $12.68 million, up 56.4% from FY2024.
- Annual Share-based Compensation has a five-year compound annual growth rate of 23.0% (FY2020 to FY2025).
- Across earlier years, Share-based Compensation came in at $8.11 million in FY2024 (-43.5%), $14.36 million in FY2023, -$3.54 million in FY2022 and $3.19 million in FY2021 (-29.1%).
- The Q4 2025 figure is the lowest quarterly Share-based Compensation since Q2 2022.
- On a year-over-year basis, Share-based Compensation rose in 1 of the last eight quarters, with growth averaging 2.5%.
- Peak year-over-year performance for Share-based Compensation in the last five years was growth of 391.3% in Q2 2025, against a decline of 99.3% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $36,340 (Q3 2025), $10.2 million (Q2 2025) and $2.18 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 37.00 Mn |
| 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 | - | 41.00 Mn |
| 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 |
|---|---|
| Dec 31, 2025 | 12,241.98 |
| Sep 30, 2025 | 36,340.08 |
| Jun 30, 2025 | 10.20 Mn |
| Mar 31, 2025 | 2.18 Mn |
| Dec 31, 2024 | 1.80 Mn |
| Sep 30, 2024 | 1.94 Mn |
| Jun 30, 2024 | 2.08 Mn |
| Mar 31, 2024 | 2.32 Mn |
| Dec 31, 2023 | 2.75 Mn |
| Sep 30, 2023 | 3.16 Mn |
| Jun 30, 2023 | 4.44 Mn |
| Mar 31, 2023 | 3.97 Mn |
| Jun 30, 2022 | -5.30 Mn |
| Mar 31, 2022 | 1.54 Mn |
| Mar 31, 2021 | 1.07 Mn |
| Mar 31, 2020 | 944,677.26 |
| Mar 31, 2018 | 2.34 Mn |
| Jun 30, 2017 | 1.65 Mn |
| Mar 31, 2017 | 382,036.39 |
API Access
Azul Share-based Compensation 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=share-based-compensation&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();