Azul (AZUL) Total Debt (2016 - 2026)
Azul (AZUL) recorded Total Debt of $4.39 billion in Q2 2026, down 38.9% from $7.19 billion a year earlier but up 6.5% from the prior quarter.
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Analysis
Azul (AZUL) Total Debt (2016 - 2026) Analysis & Trends
At the end of FY2025, Azul reported Total Debt of $10.74 billion, up 36.4% from FY2024.
- Annual Total Debt has increased for three straight years, with a five-year compound annual growth rate of 39.7% (FY2020 to FY2025).
- Across earlier years, Total Debt came in at $7.88 billion in FY2024 (+16.2%), $6.78 billion in FY2023 (+23.3%), $5.5 billion in FY2022 (-1.8%) and $5.6 billion in FY2021 (+176.8%).
- Quarterly Total Debt has ranged from $2.03 billion in Q3 2021 to $12.08 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Total Debt rose in six of the last eight quarters, with growth averaging 13.9%.
- Peak year-over-year performance for Total Debt in the last five years was growth of 176.8% in Q4 2021, against a decline of 52.2% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.12 billion (Q1 2026), $10.74 billion (Q4 2025) and $12.08 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 30.32 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 26.08 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 18.80 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 18.21 Bn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 24.97 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 16.61 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 13.95 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 26.40 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 20.00 Mn |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | 4.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.39 Bn |
| Mar 31, 2026 | 4.12 Bn |
| Dec 31, 2025 | 10.74 Bn |
| Sep 30, 2025 | 12.08 Bn |
| Jun 30, 2025 | 7.19 Bn |
| Mar 31, 2025 | 8.63 Bn |
| Dec 31, 2024 | 7.88 Bn |
| Sep 30, 2024 | 7.15 Bn |
| Jun 30, 2024 | 7.11 Bn |
| Mar 31, 2024 | 5.11 Bn |
| Dec 31, 2023 | 6.78 Bn |
| Sep 30, 2023 | 6.45 Bn |
| Jun 30, 2023 | 4.24 Bn |
| Mar 31, 2023 | 5.37 Bn |
| Dec 31, 2022 | 5.50 Bn |
| Sep 30, 2022 | 5.61 Bn |
| Jun 30, 2022 | 5.45 Bn |
| Mar 31, 2022 | 5.78 Bn |
| Dec 31, 2021 | 5.60 Bn |
| Sep 30, 2021 | 2.03 Bn |
API Access
Azul Total Debt 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=total-debt&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();