Azul SA annual shareholders’ equity
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Azul SA Shareholders’ Equity Growth & History (AZUL)
Azul SA's shareholders’ equity was −R$29.04B for fiscal 2025.
View full Azul SA company overviewAzul SA annual shareholders’ equity history
| Fiscal year | Period ended | Shareholders’ equity | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −R$29.04B | R$1.40B | — |
| 2024 | 2024-12-31 | −R$30.44B | −R$9.11B | — |
| 2023 | 2023-12-31 | −R$21.33B | −R$2.32B | — |
| 2022 | 2022-12-31 | −R$19.01B | −R$674.5M | — |
| 2021 | 2021-12-31 | −R$18.33B | −R$4.18B | — |
| 2020 | 2020-12-31 | −R$14.15B | −R$10.63B | — |
| 2019 | 2019-12-31 | −R$3.52B | −R$2.37B | — |
| 2018 | 2018-12-31 | −R$1.15B | −R$717.3M | — |
| 2017 | 2017-12-31 | −R$432.7M | R$1.69B | — |
| 2016 | 2016-12-31 | −R$2.13B | −R$1.73B | — |
| 2015 | 2015-12-31 | −R$392.2M | — | — |
Azul SA quarterly shareholders’ equity
Q4.16
Q4.17
Q1.18
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Shareholders’ equity | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −R$5.15B | R$20.89B | — |
| Q1 2026 | 2026-03-31 | −R$3.77B | R$24.68B | — |
| Q4 2025 | 2025-12-31 | −R$29.04B | R$1.40B | — |
| Q3 2025 | 2025-09-30 | −R$27.41B | — | — |
| Q2 2025 | 2025-06-30 | −R$26.04B | — | — |
| Q1 2025 | 2025-03-31 | −R$28.45B | — | — |
| Q4 2024 | 2024-12-31 | −R$30.44B | −R$9.11B | — |
| Q4 2023 | 2023-12-31 | −R$21.33B | −R$2.32B | — |
| Q4 2022 | 2022-12-31 | −R$19.01B | −R$674.5M | — |
| Q4 2021 | 2021-12-31 | −R$18.33B | −R$4.18B | — |
| Q4 2020 | 2020-12-31 | −R$14.15B | −R$10.63B | — |
| Q4 2019 | 2019-12-31 | −R$3.52B | −R$2.37B | — |
| Q4 2018 | 2018-12-31 | −R$1.15B | −R$717.3M | — |
| Q1 2018 | 2018-03-31 | R$3.02B | — | — |
| Q4 2017 | 2017-12-31 | −R$432.7M | −R$1.43B | — |
| Q4 2016 | 2016-12-31 | R$1.00B | — | — |
Azul SA shareholders’ equity trends
Over the last five fiscal years, Azul SA's shareholders’ equity decreased from −R$14.15B to −R$29.04B, a change of −R$14.89B. The latest reported quarter, Q2 2026, shows −R$5.15B.
About the metric
What shareholders’ equity means
Shareholders’ equity is the residual accounting value attributable to shareholders after liabilities are subtracted from assets. It can change through earnings, losses, dividends, share issuance, repurchases, and other comprehensive income.
Calculation and source
SEC-reported shareholders’ equity
TickerStat standardizes stockholders’ or shareholders’ equity reported in company SEC filings at each balance-sheet date. Negative equity is retained because it can be economically meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Azul SA source filings ↗