Stocks Consumer discretionary AZUL
NYSE · Consumer discretionaryAzul SA (AZUL)
Azul SA reported revenue of R$21.8B in fiscal 2025, up 11.0% from a year earlier. Net income was R$124.9M, a net margin of 0.6%. In fiscal 2025 capital spending exceeded operating cash flow by R$1.4B. At December 31, 2025 it held R$991.6M in cash against R$23.1B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 3, 2026.
Watch AZUL in 60 secondsWhat Azul SA does
Azul SA is registered with the SEC under industry code SIC 4512 (Air Transportation, Scheduled). Its shares trade on NYSE under the ticker AZUL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | R$21.8B | R$124.9M | n/a | -R$1.4B |
| 2024 | R$19.6B | -R$9.2B | n/a | R$2.1B |
| 2023 | R$18.7B | -R$2.4B | n/a | R$3B |
| 2022 | R$16.5B | -R$722.4M | n/a | R$1.8B |
| 2021 | R$10.4B | -R$4.2B | n/a | -R$934.9M |
| 2020 | R$6B | -R$10.8B | n/a | R$633.2M |
Full financial statements: income, balance sheet and cash flow
Where AZUL ranks in Consumer discretionary
Latest SEC filings
What Azul SA has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 14, 2026
- August 28, 2026Form POS AM filing POS AM
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026
- July 16, 2026
- July 10, 2026
- July 6, 2026
- July 6, 2026
- July 1, 2026
Insider trades
What the people running Azul SA did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 15, 2026 | Rodgerson John PeterCEO (see remarks), Director | Received as pay | 2,452,149 | - |
| June 15, 2026 | Marino Bicudo DanielChief Commercial Officer | Received as pay | 196,172 | - |
| June 15, 2026 | Shah Abhi ManojChief Revenue Officer | Received as pay | 1,373,204 | - |
| June 15, 2026 | Tkacz DanielChief Technical Officer | Received as pay | 196,172 | - |
| June 15, 2026 | Grant James JasonMember of Strategy Committee | Received as pay | 980,860 | - |
| June 15, 2026 | Slattery John S.Member of Strategic Committee | Received as pay | 588,516 | - |
| June 15, 2026 | Mariano Ricardo Luiz TemerController | Received as pay | 98,086 | - |
| June 15, 2026 | Zinman JonMember of Strategy Committee | Received as pay | 980,860 | - |
| June 15, 2026 | Neeleman DavidDirector | Received as pay | 1,294,735 | - |
| June 15, 2026 | Garcia Antonio CarlosChief Financial Officer | Received as pay | 725,836 | - |
| June 15, 2026 | Goncalves da Cruz AndreTechnical Vice President | Received as pay | 255,024 | - |
| June 1, 2026 | Neeleman DavidDirector | Exercised options | 2,432,482 | - |
| June 1, 2026 | Neeleman DavidDirector | Exercised options | 36,856 | - |
| March 26, 2026 | Neeleman DavidDirector | Exercised options | 182,436,172,596 | - |
| March 26, 2026 | Neeleman DavidDirector | Gave as a gift | 182,436,172,596 | - |
Who owns AZUL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Readystate Asset Management, LP13G, passive with 4 related filers | 10.7% | August 14, 2026 |
| BlackBarn Capital Partners LP13G, passive with 4 related filers | 8.4% | February 27, 2026 |
| Thomas A. Wagner III13G, passive with 1 related filers | 7.4% | April 6, 2026 |
Largest institutional holders
Insiders
11 insiders reported holding 11,611,129 shares in total, about $79.8M at the last price.
| Holder | Shares |
|---|---|
| Neeleman DavidDirector | 3,764,246 |
| Rodgerson John PeterCEO (see remarks), Director | 2,452,151 |
| Shah Abhi ManojChief Revenue Officer | 1,373,206 |
| Zinman JonMember of Strategy Committee | 980,860 |
| Grant James JasonMember of Strategy Committee | 980,860 |
| Garcia Antonio CarlosChief Financial Officer | 725,836 |
| Slattery John S.Member of Strategic Committee | 588,516 |
| Goncalves da Cruz AndreTechnical Vice President | 255,024 |
| Marino Bicudo DanielChief Commercial Officer | 196,172 |
| Tkacz DanielChief Technical Officer | 196,172 |
Questions about AZUL
What does Azul SA do?
Azul SA is registered with the SEC under industry code SIC 4512 (Air Transportation, Scheduled). Its shares trade on NYSE under the ticker AZUL.
Is Azul SA profitable?
Yes. In fiscal 2025 it reported net income of R$124.9M on revenue of R$21.8B, a net margin of 0.6%.
How much revenue does Azul SA make?
In fiscal 2025 Azul SA reported revenue of R$21.8B. That is 11.0% more than a year earlier.
When did Azul SA last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 3, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the securities offering prospectus from September 14, 2026.
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Follow AZUL: get an email when it filesWhere the numbers come from
Financial figures are the values Azul SA tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.