Copa Holdings (CPA) Operating Expenses (2013 - 2025)

Copa Holdings' Operating Expenses history runs 13 years deep, the most recent figure standing at $753.3 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 11.62% year-over-year to $753.3 million; the TTM figure through Dec 2025 stood at $2.8 billion (up 3.92% YoY), while the FY2025 annual figure was $2.8 billion, up 3.92% from the prior year.
• Operating Expenses came in at $753.3 million for Q4 2025 at Copa Holdings, up from $700.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $753.3 million in Q4 2025 to a low of $262.8 million in Q1 2021.
• A 5-year average of $600.7 million and a median of $664.2 million in 2022 frame the typical range for Operating Expenses.
• On a YoY basis, Operating Expenses climbed as much as 176.99% in 2021 and fell as far as 47.11% in 2021.
• Copa Holdings' Operating Expenses stood at $413.7 million in 2021, then soared by 62.18% to $671.0 million in 2022, then climbed by 4.11% to $698.5 million in 2023, then slipped by 3.38% to $674.9 million in 2024, then advanced by 11.62% to $753.3 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $753.3 million, $700.8 million, and $659.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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