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Copa Holdings, S.A. logo
Copa Holdings, S.A. CPA
$ 148.16 -0.23%
report update icon

Quarterly report 2025-Q4
added 05-14-2026

Copa Holdings, S.A. Income Statement 2025-2011 | CPA

Brief overview of financial results at Copa Holdings, S.A.

The conclusions below are based on five years of reported results. Revenue at Copa Holdings, S.A. moved from 801 million dollars in 2020 to 3.6 billion dollars in 2025. The total change was +351.7%, with a CAGR of approximately 35.2%. The annual growth rate indicates an exceptionally strong top-line trend.

The five-year EBITDA result moved by +277.7%: from −461 million dollars to 819 million dollars. The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from −57.5% to 22.6%. A wider margin confirms stronger operating efficiency.

Comparing the endpoints shows a move from −$607 million to $672 million. The business moved out of a loss and ended the period with a profit.

Financial takeaway

The five-year financial profile is predominantly positive. The strongest signals are an improving EBITDA margin, a stronger final result and a larger revenue base. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Copa Holdings, S.A.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

5.71 B 3.64 B 4.05 B 3.87 B 3.61 M 3.9 B 3.5 B 3.61 B 5.37 B 4.1 B 2.07 B 4.77 B 5.82 B 4.75 B 2.97 B

Shares

41.3 M 41.8 M 40.2 M 40.6 M 42.6 K 42.5 M 42.5 M 42.5 M 42.4 M 42.4 M 43.9 M 44.4 M 44.4 M 44.4 M 44.5 M

Historical Prices

138 87 101 95.3 84.8 91.7 82.4 85 127 97.1 54 95.1 111 82.4 55.1

Net Income

672 M 608 M 514 M 348 M 43.8 M -607 M 247 M 88.1 M 370 M 335 M -225 M 362 M 427 M 326 M 310 M

Revenue

3.62 B 3.45 B 3.46 B 2.97 B 1.51 B 801 M 2.71 B 2.68 B 2.52 B 2.22 B 2.25 B 2.71 B 2.61 B 2.25 B 1.83 B

Gross Profit

- - - - - 14.1 M 1.05 B 1.07 B 1.14 B 804 M 797 M 1.05 B 1.02 B 831 M 946 M

Operating Income

819 M 753 M 807 M 450 M 152 M -461 M 346 M 160 M 438 M 265 M 253 M - - - -

EBITDA

819 M 753 M 807 M 450 M 152 M -461 M 346 M 160 M 603 M 436 M 401 M 636 M 655 M 492 M 519 M

Operating Expenses

2.8 B 2.69 B 2.65 B 2.51 B 1.36 B 1.26 B 2.36 B 2.52 B 2.08 B 527 M 531 M 525 M 500 M 429 M 503 M

General and Administrative Expenses

- - - - - - 569 M 133 M 135 M 121 M 122 M 112 M 90.2 M 72.5 M 354 M

All numbers in USD currency

Quarterly Income Statement Copa Holdings, S.A.

2025-Q4 2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

41.3 M 41.8 M 40.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

672 M 608 M 514 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

3.62 B 3.45 B 3.46 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

819 M 753 M 807 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

819 M 753 M 807 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

2.8 B 2.69 B 2.65 B - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Copa Holdings, S.A. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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