Copa Holdings (CPA) Operating Margin (2009 - 2026)
Copa Holdings' (CPA) quarterly Operating Margin came in at 8.65% in Q2 2026, down 1310.0% year-over-year from 0.72% in Q2 2025, and down 64.79% quarter-over-quarter from 24.58% in Q1 2026.
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Copa Holdings (CPA) Operating Margin (2009 - 2026) Analysis & Trends
Copa Holdings has disclosed Operating Margin across 18 years of filings, most recently posting 8.65% for Q2 2026.
- In Q2 2026, Operating Margin fell 1310.0% year-over-year to 8.65%; the TTM figure through Jun 2026 stood at 19.36% (down 292.0% YoY), while the FY2025 annual figure was 22.64%, up 79.0% from the prior year.
- Operating Margin came in at 8.65% for Q2 2026 at Copa Holdings, down from 24.58% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 24.66% in Q4 2022 to a low of 6.09% in Q2 2022.
- Average Operating Margin over 5 years is 20.04%, with a median of 22.73% recorded in 2024.
- Year-over-year, Operating Margin soared 4935 bps in 2022 and slumped 1310 bps in 2026.
- Over 5 years, Operating Margin stood at 24.66% in 2022, then decreased by 5 bps to 23.48% in 2023, then decreased by 1 bps to 23.19% in 2024, then decreased by 6 bps to 21.77% in 2025, then tumbled by 60 bps to 8.65% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 8.65% in Q2 2026, 24.58% in Q1 2026, and 21.77% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 13.12% |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 14.13% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | 4.60% |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 2.24% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -5.23% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | -7.58% |
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% |