Copa Holdings, S.A. (CPA) — Financial statements
Income statement, balance sheet, and cash flow for Copa Holdings, S.A. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,618↑5.0% | 3,446↓0.3% | 3,457↑16.6% | 2,965↑96.4% | 1,510 | |
| Cost of Revenue | 2,473↑5.3% | 2,348↑2.4% | 2,293↑5.9% | 2,165↑88.9% | 1,146 | |
| Gross Profit | 1,145↑4.3% | 1,098↓5.7% | 1,164↑45.4% | 800↑120.0% | 364 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 326↓5.5% | 345↓3.6% | 358↑2.3% | 350↑61.0% | 217 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 326↓5.5% | 345↓3.6% | 358↑2.3% | 350↑61.0% | 217 | |
| Total Costs & Expenses | 2,799↑3.9% | 2,693↑1.6% | 2,651↑5.4% | 2,515↑84.4% | 1,363 | |
| Operating Results | ||||||
| Operating Income | 819↑8.8% | 753↓6.6% | 806↑79.0% | 450↑207.4% | 147 | |
| Depreciation & Amortization | 365↑10.4% | 331↑7.6% | 307↑14.8% | 268↑11.6% | 240 | |
| EBITDA | 1,239↑10.5% | 1,121↑4.2% | 1,075↑45.0% | 742↑100.2% | 371 | |
| EBIT | 874↑10.6% | 790↑2.9% | 768↑62.1% | 474↑263.0% | 131 | |
| Interest & Other Income | ||||||
| Net Interest Income | -36↓40.0% | -26↑76.1% | -107↓57.9% | -68↓3.6% | -65 | |
| Interest Income | 63↑6.2% | 59↑17.3% | 50↑178.5% | 18↑66.2% | 11 | |
| Interest Expense | 98↑16.5% | 84↓46.2% | 157↑83.2% | 86↑12.5% | 76 | |
| Non-Operating Income | -55↓47.4% | -37↓198.5% | 38↑260.7% | -24↓247.9% | 16 | |
| Other Income / Expenses | -43↑8.1% | -47↑75.8% | -195↓213.8% | -62↑32.6% | -92 | |
| Income Before Tax | 776↑9.9% | 706↑15.5% | 611↑57.4% | 388↑614.6% | 54 | |
| Income Tax Expense | 104↑6.4% | 98↑0.7% | 97↑141.5% | 40↑283.1% | 10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 672↑10.4% | 608↑18.3% | 514↑47.7% | 348↑693.8% | 44 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 672↑10.4% | 608↑18.3% | 514↑47.7% | 348↑693.8% | 44 | |
| Bottom-Line Net Income | 672↑10.4% | 608↑18.3% | 514↑37.7% | 373↑751.4% | 44 | |
| EPS (Basic) | 16.28↑11.9% | 14.55↑13.8% | 12.78↑49.0% | 8.58↑733.0% | 1.03 | |
| EPS (Diluted) | 16.28↑11.9% | 14.55↑13.8% | 12.78↑62.2% | 7.88↑665.0% | 1.03 | |
| Weighted Average Shares | 41↓1.3% | 42↑4.0% | 40↓9.0% | 44↑3.7% | 43 | |
| Weighted Average Diluted Shares | 41↓1.3% | 42↑4.0% | 40↓15.1% | 47↑11.2% | 43 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.