◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › C › CPA

Copa Holdings SA (CPA) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · AIRLINES · DATA UPDATED 2026-08-16

Copa Holdings SA (CPA) operates in the AIRLINES industry and is headquartered in Panama City, Panama with about 8,565 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, CPA reported $3.6B in revenue and $672M in net income.

Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean. As of December 31, 2025, it operated through a fleet of 125 aircraft.

Interactive charts & full statements → Open the CPA valuation workbench →

CPA Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$4.0B	$3.6B	$3.4B	$3.5B	$3.0B	$1.5B	$801M	$2.7B	$2.7B	$2.5B	$2.2B	$2.3B	$2.7B	$2.6B	$2.2B	$1.8B	$1.4B	$1.3B	$1.3B	$1.0B	$851M
Gross Profit	$1.2B	$1.3B	$1.2B	$1.3B	$898M	$420M	($45M)	$867M	$791M	$855M	$778M	$776M	$1.0B	$1.0B	$831M	$722M	$582M	$689M	$762M	$666M	$316M
Gross Margin %	30.6%	35.6%	35.6%	36.9%	30.3%	27.8%	-5.7%	32.0%	29.5%	33.9%	35.1%	34.4%	38.7%	39.0%	37.0%	39.4%	41.2%	54.9%	59.1%	64.9%	37.2%
Operating Income (EBIT)	$779M	$819M	$753M	$807M	$450M	$152M	($461M)	$346M	$160M	$438M	$265M	$253M	$521M	$518M	$403M	$385M	$290M	$322M	$310M	$282M	($431M)
Operating Margin %	19.5%	22.6%	21.9%	23.4%	15.2%	10.1%	-57.5%	12.8%	6.0%	17.4%	11.9%	11.2%	19.3%	19.8%	17.9%	21.0%	20.5%	25.6%	24.1%	27.5%	-50.6%
Net Income	$627M	$672M	$608M	$514M	$348M	$44M	($607M)	$247M	$88M	$363M	$323M	($241M)	$362M	$427M	$326M	$310M	$241M	$249M	$119M	$162M	$134M
Net Margin %	15.7%	18.6%	17.6%	14.9%	11.7%	2.9%	-75.8%	9.1%	3.3%	14.4%	14.6%	-10.7%	13.4%	16.4%	14.5%	17.0%	17.0%	19.8%	9.2%	15.8%	15.7%
EBITDA	$1.2B	$1.2B	$1.1B	$1.1B	$744M	$371M	($298M)	$633M	$450M	$630M	$567M	($24M)	$543M	$656M	$489M	$455M	$354M	$359M	$219M	$256M	($406M)
Earnings Per Share (EPS)	$15.22	$16.28	$14.55	$12.79	$7.35	$1.03	$-14.28	$5.84	$2.09	$8.55	$7.63	$-5.49	$8.15	$9.63	$7.35	$6.98	$5.48	$5.67	$2.71	$3.72	$3.10
Shares Outstanding (M)	41M	41M	42M	40M	47M	43M	43M	42M	42M	42M	42M	44M	44M	44M	44M	44M	44M	44M	44M	43M	43M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CPA Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$1.1B	$1.1B	$963M	$913M	$843M	$899M	$879M	$855M
Gross Profit	$180M	$378M	$325M	$337M	$292M	$333M	$376M	$289M
Gross Margin %	17.0%	35.9%	33.7%	36.9%	34.6%	37.0%	42.8%	33.8%
Operating Income (EBIT)	$92M	$259M	$216M	$212M	$177M	$214M	$204M	$174M
Operating Margin %	8.6%	24.6%	22.4%	23.2%	21.0%	23.8%	23.2%	20.3%
Net Income	$68M	$212M	$173M	$173M	$149M	$177M	$166M	$146M
Net Margin %	6.4%	20.2%	17.9%	19.0%	17.7%	19.7%	18.9%	17.1%
EBITDA	$199M	$374M	$317M	$320M	$286M	$316M	$287M	$253M
Earnings Per Share (EPS)	$1.67	$5.16	$4.18	$4.21	$3.61	$4.28	$3.99	$3.50
Shares Outstanding (M)	41M	41M	41M	41M	41M	41M	42M	42M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CPA Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$1.3B	$1.1B	$997M	$1.0B	$759M	$507M	($40M)	$783M	$342M	$727M	$587M	$330M	$384M	$830M	$538M	$498M	$293M	$282M	$198M	$222M	$193M
Capital Expenditures (CapEx)	$1.1B	$816M	$656M	$830M	$632M	$484M	$60M	$163M	$366M	$320M	$150M	$184M	$504M	$285M	$372M	$306M	$349M	$203M	$216M	$304M	$193M
Free Cash Flow (FCF)	$171M	$308M	$341M	$215M	$126M	$24M	($100M)	$620M	($24M)	$407M	$436M	$146M	($121M)	$545M	$166M	$192M	($56M)	$80M	($18M)	($82M)	$0M
FCF Margin %	4.3%	8.5%	9.9%	6.2%	4.3%	1.6%	-12.5%	22.9%	-0.9%	16.2%	19.7%	6.5%	-4.5%	20.9%	7.4%	10.5%	-4.0%	6.3%	-1.4%	-8.0%	0.0%
Dividends Paid	$273M	$266M	$269M	$134M	$0M	$0M	$34M	$110M	$148M	$107M	$86M	$148M	$171M	$65M	$193M	$72M	$48M	$16M	$16M	$14M	$8M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CPA Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$258M	$360M	$372M	$267M	$279M	$205M	$337M	$189M
Capital Expenditures (CapEx)	$308M	$414M	$20M	$345M	$391M	$626M	$626M	$133M
Free Cash Flow (FCF)	($49M)	($54M)	$352M	($78M)	($112M)	($421M)	($289M)	$56M
FCF Margin %	-4.7%	-5.2%	36.6%	-8.5%	-13.3%	-46.8%	-32.9%	6.6%
Dividends Paid	$70M	$71M	$66M	$66M	$133M	$269M	$269M	$67M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CPA Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$7.1B	$6.6B	$5.7B	$5.2B	$4.7B	$4.2B	$3.9B	$4.3B	$4.1B	$4.3B	$3.8B	$4.2B	$4.1B	$4.0B	$3.5B	$3.1B	$2.5B	$2.1B	$2.0B	$1.7B	$1.3B
Cash & Cash Equivalents	$267M	$383M	$613M	$206M	$122M	$211M	$119M	$159M	$153M	$239M	$332M	$203M	$271M	$139M	$166M	$244M	$208M	$263M	$221M	$286M	$170M
Total Liabilities	$4.3B	$3.8B	$3.4B	$3.1B	$3.2B	$2.9B	$2.6B	$2.4B	$2.2B	$2.1B	$2.0B	$2.2B	$2.0B	$2.1B	$1.9B	$1.7B	$1.4B	$1.2B	$1.3B	$1.2B	$883M
Total Debt (Short + Long-Term)	$2.1B	$2.0B	$1.7B	$1.5B	$1.5B	$1.5B	$1.2B	$1.2B	$1.3B	$1.2B	$1.2B	$1.3B	$1.1B	$1.1B	$1.2B	$1.1B	$990M	$846M	$916M	$843M	$621M
Total Shareholders' Equity	$2.9B	$2.8B	$2.4B	$2.1B	$1.5B	$1.3B	$1.3B	$1.9B	$1.8B	$2.1B	$1.8B	$2.0B	$2.1B	$1.9B	$1.5B	$1.4B	$1.0B	$866M	$632M	$532M	$372M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CPA viewer.

Other Companies in AIRLINES

RYAAY · Ryanair Holdings PLC ADR — $28 billion
AAL · American Airlines Group — $9 billion
ALK · Alaska Air Group Inc — $5 billion
SKYW · SkyWest Inc — $4 billion
AERO · Grupo AeromÃ©xico, S.A.B. de C.V. — $2 billion
ALGT · Allegiant Travel Company — $2 billion
JBLU · JetBlue Airways Corp — $2 billion
ULCC · Frontier Group Holdings Inc — $1 billion

← CP9G All “C” companies CPAC →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.