Copa Holdings (CPA) Gross Margin (2009 - 2026)
Copa Holdings' (CPA) quarterly Gross Margin came in at 97.11% in Q2 2026, up 24.0% year-over-year from 78.32% in Q2 2025, and down 0.71% quarter-over-quarter from 97.81% in Q1 2026.
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Copa Holdings (CPA) Gross Margin (2009 - 2026) Analysis & Trends
Copa Holdings has disclosed Gross Margin across 17 years of filings, most recently posting 97.11% for Q2 2026.
- In Q2 2026, Gross Margin rose 24.0% year-over-year to 97.11%; the TTM figure through Jun 2026 stood at 97.24% (up 105.0% YoY), while the FY2025 annual figure was 96.74%, up 72.0% from the prior year.
- Gross Margin came in at 97.11% for Q2 2026 at Copa Holdings, down from 97.81% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.81% in Q1 2026 to a low of 94.81% in Q1 2022.
- Average Gross Margin over 5 years is 96.31%, with a median of 96.16% recorded in 2023.
- Year-over-year, Gross Margin soared 504 bps in 2022 and slumped 58 bps in 2024.
- Over 5 years, Gross Margin stood at 95.9% in 2022, then rose by 0 bps to 95.96% in 2023, then fell by 0 bps to 95.81% in 2024, then grew by 1 bps to 96.65% in 2025, then rose by 0 bps to 97.11% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 97.11% in Q2 2026, 97.81% in Q1 2026, and 96.65% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 96.52% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | - |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 86.94% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 97.11% |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 92.57% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 91.70% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | - |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 95.68% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | 85.95% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 97.11% |
| Mar 31, 2026 | 97.81% |
| Dec 31, 2025 | 96.65% |
| Sep 30, 2025 | 97.36% |
| Jun 30, 2025 | 96.88% |
| Mar 31, 2025 | 96.08% |
| Dec 31, 2024 | 95.81% |
| Sep 30, 2024 | 96.04% |
| Jun 30, 2024 | 95.83% |
| Mar 31, 2024 | 96.39% |
| Dec 31, 2023 | 95.96% |
| Sep 30, 2023 | 96.61% |
| Jun 30, 2023 | 96.15% |
| Mar 31, 2023 | 96.17% |
| Dec 31, 2022 | 95.90% |
| Sep 30, 2022 | 96.25% |
| Jun 30, 2022 | 95.83% |
| Mar 31, 2022 | 94.81% |
| Dec 31, 2021 | 95.47% |
| Sep 30, 2021 | 94.78% |