Copa Holdings CPA
NYSE CPA
$131.72 +0.71 (+0.54%)
At close: Sep 18, 2026 · 4:00 PM EDT

Copa Holdings (CPA) Operating Expenses (2009 - 2026)

Copa Holdings' (CPA) quarterly Operating Expenses came in at $967.7 million in Q2 2026, up 46.76% year-over-year from $659.4 million in Q2 2025, and up 21.91% quarter-over-quarter from $793.8 million in Q1 2026.

Analysis

Copa Holdings (CPA) Operating Expenses (2009 - 2026) Analysis & Trends

Copa Holdings has disclosed Operating Expenses across 18 years of filings, most recently posting $967.7 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 46.76% year-over-year to $967.7 million; the TTM figure through Jun 2026 stood at $3.2 billion (up 19.07% YoY), while the FY2025 annual figure was $2.8 billion, up 3.92% from the prior year.
  • Operating Expenses came in at $967.7 million for Q2 2026 at Copa Holdings, up from $793.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $967.7 million in Q2 2026 to a low of $526.8 million in Q1 2022.
  • Average Operating Expenses over 5 years is $689.9 million, with a median of $674.5 million recorded in 2023.
  • Year-over-year, Operating Expenses soared 120.33% in 2022 and declined 5.62% in 2023.
  • Over 5 years, Operating Expenses stood at $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, then increased by 28.46% to $967.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $967.7 million in Q2 2026, $793.8 million in Q1 2026, and $753.3 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Delta Air Lines 52.35 Bn 47.68 Bn 19.07 Bn 17.89 Bn
2 Ryanair Holdings 27.93 Bn 24.00 Bn - 4.43 Bn
3 Southwest Airlines 20.05 Bn 16.26 Bn 7.33 Bn 8.15 Bn
4 Copa Holdings 5.42 Bn 4.16 Bn 1.03 Bn 967.68 Mn
5 Alaska Air 4.52 Bn 1.86 Bn 3.76 Bn 4.23 Bn
6 Skywest 3.74 Bn 3.14 Bn 1.01 Bn 946.92 Mn
7 Grupo Aeromexico, S.A.B. de C.V 2.25 Bn 1.21 Bn - 1.41 Bn
8 Allegiant Travel 2.14 Bn 1.08 Bn 902.77 Mn 922.38 Mn
9 Jetblue Airways 1.65 Bn -372.51 Mn 2.32 Bn 2.84 Bn
10 Frontier Group Holdings 1.34 Bn 384.76 Mn - 1.38 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 967.68 Mn
Mar 31, 2026 793.79 Mn
Dec 31, 2025 753.30 Mn
Sep 30, 2025 700.84 Mn
Jun 30, 2025 659.36 Mn
Mar 31, 2025 685.36 Mn
Dec 31, 2024 674.87 Mn
Sep 30, 2024 681.00 Mn
Jun 30, 2024 659.90 Mn
Mar 31, 2024 677.48 Mn
Dec 31, 2023 698.50 Mn
Sep 30, 2023 662.70 Mn
Jun 30, 2023 614.52 Mn
Mar 31, 2023 674.05 Mn
Dec 31, 2022 670.95 Mn
Sep 30, 2022 665.75 Mn
Jun 30, 2022 651.13 Mn
Mar 31, 2022 526.81 Mn
Dec 31, 2021 413.70 Mn
Sep 30, 2021 385.99 Mn