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Copa Holdings, S.A. (CPA)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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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 |
Annual performance
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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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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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.