Azul SA annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Azul SA Operating Expenses Growth & History (AZUL)
Azul SA's operating expenses was R$17.32B for fiscal 2025.
View full Azul SA company overviewAzul SA annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | R$17.32B | R$1.18B | +7.33% |
| 2024 | 2024-12-31 | R$16.14B | −R$757.8M | −4.49% |
| 2023 | 2023-12-31 | R$16.89B | R$2.37B | +16.36% |
| 2022 | 2022-12-31 | R$14.52B | R$4.60B | +46.34% |
| 2021 | 2021-12-31 | R$9.92B | R$2.78B | +38.89% |
| 2020 | 2020-12-31 | R$7.14B | −R$5.49B | −43.48% |
| 2019 | 2019-12-31 | R$12.64B | R$4.77B | +60.71% |
| 2018 | 2018-12-31 | R$7.86B | R$1.40B | +21.69% |
| 2017 | 2017-12-31 | R$6.46B | R$136.4M | +2.16% |
| 2016 | 2016-12-31 | R$6.33B | −R$99.8M | −1.55% |
| 2015 | 2015-12-31 | R$6.43B | — | — |
Azul SA quarterly operating expenses
Q1.17
Q1.18
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | R$883.9M | R$10.2M | +1.17% |
| Q1 2026 | 2026-03-31 | R$1.23B | R$450.4M | +57.52% |
| Q4 2025 | 2025-12-31 | R$1.63B | — | — |
| Q3 2025 | 2025-09-30 | R$941.9M | — | — |
| Q2 2025 | 2025-06-30 | R$873.7M | — | — |
| Q1 2025 | 2025-03-31 | R$783.0M | — | — |
| Q1 2018 | 2018-03-31 | R$1.94B | R$268.9M | +16.12% |
| Q1 2017 | 2017-03-31 | R$1.67B | — | — |
Azul SA operating expenses trends
Over the last five fiscal years, Azul SA's operating expenses increased from R$7.14B to R$17.32B, a change of R$10.18B. The latest reported quarter, Q2 2026, shows R$883.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Azul SA source filings ↗