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

Copa Holdings has disclosed Operating Expenses across 13 years of filings, most recently posting $753.3 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $753.3 million, up 11.62% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.8 billion (up 3.92% YoY), and the FY2025 annual result 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.
• The 5-year median for Operating Expenses is $664.2 million (2022), against an average of $600.7 million.
• Peak annual rise in Operating Expenses reached 176.99% in 2021, while the deepest fall reached 47.11% in 2021.
• Copa Holdings' Operating Expenses stood at $413.7 million in 2021, then surged by 62.18% to $671.0 million in 2022, then advanced by 4.11% to $698.5 million in 2023, then decreased by 3.38% to $674.9 million in 2024, then gained by 11.62% to $753.3 million in 2025.
• The last three Operating Expenses figures came in at $753.3 million (Q4 2025), $700.8 million (Q3 2025), and $659.4 million (Q2 2025), per Business Quant data.