Azul SA (AZUL)
Azul SA reported revenue of 21.6B BRL for the year ending 31 December 2025, up 10.8% from 19.5B a year earlier.
Every figure below is the company's own, as filed. Nothing is estimated and
nothing is smoothed — a period the filing does not support is left blank rather than
filled in.
Quarters are the company's own, counted from its financial
year ending 12-31.
Amounts in BRL.
The same series drawn ›
As last reported
The newest period the filing supports for each figure, in BRL.
| Figure | Period | Amount | Year on year |
|---|
| Revenue |
2025 · ending 31 December 2025 |
21.6B |
+10.8% |
| Operating Income |
2025 · ending 31 December 2025 |
4.3B |
+27.5% |
| Net Income |
2025 · ending 31 December 2025 |
124.9M |
— |
| Operating Cash Flow |
2025 · ending 31 December 2025 |
-1.2B |
-144.2% |
| Free Cash Flow |
2025 · ending 31 December 2025 |
-1.4B |
-168.0% |
Revenue and profit by financial year
As filed, in BRL. A year the filing does not support is not listed.
| Year | Ending |
Revenue | Operating Income | Net Income | Free Cash Flow |
|---|
| 2025 | 2025-12-31 |
21.6B | 4.3B | 124.9M | -1.4B |
|---|
| 2024 | 2024-12-31 |
19.5B | 3.4B | -9.2B | 2.1B |
|---|
| 2023 | 2023-12-31 |
18.6B | 1.7B | -2.4B | 3B |
|---|
| 2022 | 2022-12-31 |
15.9B | 1.4B | -722.4M | 1.8B |
|---|
| 2021 | 2021-12-31 |
10B | 54.8M | -4.2B | -934.9M |
|---|
| 2020 | 2020-12-31 |
5.7B | -1.4B | -10.8B | 633.2M |
|---|
| 2019 | 2019-12-31 |
11.4B | -1.2B | -2.4B | 1.2B |
|---|
| 2018 | 2018-12-31 |
9.1B | 1.2B | -635.7M | 678.5M |
|---|
| 2017 | 2017-12-31 |
7.7B | 1.2B | 424.5M | 319.2M |
|---|
| 2016 | 2016-12-31 |
6.7B | 344.3M | -126.3M | -331.8M |
|---|
Every period
Revenue Annual
| Period | Ending | Revenue |
|---|
| FY25 | 2025-12-31 | 21.6B |
|---|
| FY24 | 2024-12-31 | 19.5B |
|---|
| FY23 | 2023-12-31 | 18.6B |
|---|
| FY22 | 2022-12-31 | 15.9B |
|---|
| FY21 | 2021-12-31 | 10B |
|---|
Operating Income Annual
| Period | Ending | Operating Income |
|---|
| FY25 | 2025-12-31 | 4.3B |
|---|
| FY24 | 2024-12-31 | 3.4B |
|---|
| FY23 | 2023-12-31 | 1.7B |
|---|
| FY22 | 2022-12-31 | 1.4B |
|---|
| FY21 | 2021-12-31 | 54.8M |
|---|
Net Income Annual
| Period | Ending | Net Income |
|---|
| FY25 | 2025-12-31 | 124.9M |
|---|
| FY24 | 2024-12-31 | -9.2B |
|---|
| FY23 | 2023-12-31 | -2.4B |
|---|
| FY22 | 2022-12-31 | -722.4M |
|---|
| FY21 | 2021-12-31 | -4.2B |
|---|
Operating Cash Flow Annual
| Period | Ending | Operating Cash Flow |
|---|
| FY25 | 2025-12-31 | -1.2B |
|---|
| FY24 | 2024-12-31 | 2.8B |
|---|
| FY23 | 2023-12-31 | 3.4B |
|---|
| FY22 | 2022-12-31 | 2.4B |
|---|
| FY21 | 2021-12-31 | -310.6M |
|---|
Free Cash Flow Annual
Operating cash flow minus capital expenditure.
| Period | Ending | Free Cash Flow |
|---|
| FY25 | 2025-12-31 | -1.4B |
|---|
| FY24 | 2024-12-31 | 2.1B |
|---|
| FY23 | 2023-12-31 | 3B |
|---|
| FY22 | 2022-12-31 | 1.8B |
|---|
| FY21 | 2021-12-31 | -934.9M |
|---|