Copa Holdings (CPA) Operating Margin (2009 - 2026)
Copa Holdings (CPA) posted Operating Margin of 8.65% for Q2 2026, down 13.10 percentage points from 21.75% a year earlier and down 15.92 percentage points from the prior quarter.
Powered by 
Analysis
Copa Holdings (CPA) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Copa Holdings was 19.36%, down 2.92 percentage points year-over-year; for FY2025, it was 22.64%, up 0.79 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +80.18 percentage points (FY2020 to FY2025).
- In prior years, Copa Holdings' Operating Margin was 21.85% in FY2024 (-1.50 pp), 23.35% in FY2023 (+8.16 pp), 15.19% in FY2022 (+5.13 pp) and 10.06% in FY2021 (+67.61 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin since Q2 2022.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -1.56 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2021, with a gain of 343.59 percentage points; the weakest was Q2 2026, with a drop of 13.10 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 24.58% (Q1 2026), 21.77% (Q4 2025) and 23.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 40.25% |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 38.27% |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 4.07% |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 35.35% |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 32.44% |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 6.20% |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 7.20% |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 29.94% |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 6.20% |
| 10 | Copa Holdings | 5.59 Bn | 665.94 Mn | - | 8.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.65% |
| Mar 31, 2026 | 24.58% |
| Dec 31, 2025 | 21.77% |
| Sep 30, 2025 | 23.25% |
| Jun 30, 2025 | 21.75% |
| Mar 31, 2025 | 23.78% |
| Dec 31, 2024 | 23.19% |
| Sep 30, 2024 | 20.32% |
| Jun 30, 2024 | 19.47% |
| Mar 31, 2024 | 24.17% |
| Dec 31, 2023 | 23.48% |
| Sep 30, 2023 | 23.63% |
| Jun 30, 2023 | 24.06% |
| Mar 31, 2023 | 22.28% |
| Dec 31, 2022 | 24.66% |
| Sep 30, 2022 | 17.75% |
| Jun 30, 2022 | 6.09% |
| Mar 31, 2022 | 7.83% |
| Dec 31, 2021 | 28.05% |
| Sep 30, 2021 | 13.26% |
API Access
Copa Holdings Operating Margin 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=operating-margin&ticker=CPA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CPA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CPA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();