NYSE · Consumer discretionary

Copa Holdings, S.A. (CPA)

Copa Holdings, S.A. reported revenue of $3.6B in fiscal 2025, up 5.0% from a year earlier. Net income was $671.6M, a net margin of 18.6%. At December 31, 2025 it held $382.6M in cash against $2B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on February 26, 2026.

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Price

$148.22

+0.10% on the day · November 10, 2026

52-week range $107.44 to $160.47

Market cap

$6.1B

Revenue (FY2025)

$3.6B

+5.0% year on year

Net margin

18.6%

Key facts about Copa Holdings, S.A.

Net worth: Copa Holdings, S.A. has a market value (market cap) of $6.1B at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit: In fiscal 2025 revenue was $3.6B (+5.0% year on year), with net income of $671.6M.
Cash flow: In fiscal 2025 operations brought in $1.2B of cash.
Latest report: The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on February 26, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Copa Holdings, S.A. does

Copa Holdings, S.A. is registered with the SEC under industry code SIC 4512 (Air Transportation, Scheduled). Its shares trade on NYSE under the ticker CPA.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$3.6B	$819M	$671.6M	$16.28	n/a
2024	$3.4B	$753M	$608.1M	$14.55	n/a
2023	$3.5B	$807.2M	$514.1M	$12.78	n/a
2022	$3B	$450.4M	$348.1M	$7.88	n/a
2021	$1.5B	$152M	$43.8M	$1.03	n/a
2020	$801M	-$460.9M	-$607.1M	-$14.28	n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where CPA ranks in Consumer discretionary

Revenue$3.6B

#277 of 1077 in Consumer discretionary · Top 26%

Revenue growth+5.0%

#417 of 952 in Consumer discretionary · Top 44%

Net margin18.6%

#85 of 968 in Consumer discretionary · Top 9%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

It paid out $265.9M in cash dividends, 40% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	n/a	$265.9M	40%
2024	n/a	$269.1M	44%
2023	n/a	$134.2M	26%
2022	n/a	$0	0%
2021	n/a	$0	0%
2020	n/a	$34M	n/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Copa Holdings, S.A. has filed recently, newest first. Each links to the original document on SEC EDGAR.

October 15, 2026
Foreign issuer update 6-K
October 9, 2026
Foreign issuer update 6-K
September 10, 2026
Foreign issuer update 6-K
August 7, 2026
Passive stake (5% or more) SCHEDULE 13G
August 7, 2026
Foreign issuer update 6-K
August 5, 2026
Foreign issuer update 6-K
July 15, 2026
Foreign issuer update 6-K
July 8, 2026
Foreign issuer update 6-K
June 12, 2026
Foreign issuer update 6-K
May 18, 2026
Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 9, 2026. Insider transactions on SEC

Insider trades

What the people running Copa Holdings, S.A. 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.

Bought (open market)

last 90 days

Sold

last 90 days

Date	Insider	What	Shares	Price	Value	Filing
June 18, 2026	Alvarado Juan Alberto MrChief Accounting Officer	Sold	174	$146.75	$25.5K	Form 4
June 15, 2026	Donkersloot Peter AlexanderChief Financial Officer	Received as pay	5,383	$139.34	$750.1K	Form 4
June 15, 2026	Gunn Daniel PaulChief Operations Officer	Received as pay	1,435	$139.34	$200K	Form 4
June 15, 2026	Barahona Karen ArleneVP of Human Resources	Received as pay	2,871	$139.34	$400K	Form 4
June 15, 2026	Alvarado Juan Alberto MrChief Accounting Officer	Received as pay	144	$139.34	$20.1K	Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns CPA

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
Baillie Gifford & Co13G, passive	8.6%	2,581,625	May 7, 2026

Latest filings below 5%: Sprucegrove Investment Management Ltd 4.57% (August 7, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 325 managers reported a position.

Holder	Shares	Value	Change on quarter
Capital World Investors	2,856,717	$444.4M	-856,792
Baillie Gifford & Co	2,455,810	$382.1M	-125,815
Jpmorgan Chase & Co	1,541,526	$239.8M	-56,806
Dimensional Fund Advisors LP	1,453,351	$226.1M	+56,388
Sprucegrove Investment Management Ltd	1,451,592	$225.8M	-247,418
Fmr LLC	1,223,838	$190.4M	+10,934
Capital Research Global Investors	1,042,831	$162.2M	+11,433
Renaissance Technologies LLC	772,928	$120.2M	+38,500
Brandes Investment Partners, LP	769,630	$119.7M	+33,402
FIL Ltd	579,229	$90.1M	+433,742
Cullen Capital Management, LLC	571,263	$88.9M	+157,991
Vontobel Holding Ltd.	504,469	$78.5M	-6,413
Lakewood Capital Management, LP	494,900	$77M	new
Wishbone Management, LP	472,500	$73.5M	0
Marathon Asset Management Ltd	414,473	$64.5M	-9,685
Two Sigma Investments, LP	414,136	$64.4M	-61,207
Carrhae Capital LLP	400,262	$62.3M	-117,852
Raymond James Financial Inc	392,231	$61M	-76,298
Jane Street Group, LLC	385,249	$59.9M	+251,575
Morgan Stanley	363,505	$56.6M	+42,905

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

4 insiders reported holding 40,790 shares in total, about $6M at the last price.

Holder	Shares	As of
Gunn Daniel PaulChief Operations Officer	26,155	June 15, 2026
Donkersloot Peter AlexanderChief Financial Officer	10,284	June 15, 2026
Barahona Karen ArleneVP of Human Resources	4,106	June 15, 2026
Alvarado Juan Alberto MrChief Accounting Officer	245	June 18, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about CPA

What does Copa Holdings, S.A. do?

Copa Holdings, S.A. is a company in the Consumer discretionary sector, listed on NYSE as CPA. Its shares trade on NYSE under the ticker CPA.

What is Copa Holdings, S.A.'s net worth?

Copa Holdings, S.A. has a market value (market cap) of $6.1B at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Copa Holdings, S.A. profitable?

Yes. In fiscal 2025 it reported net income of $671.6M on revenue of $3.6B, a net margin of 18.6%.

How much revenue does Copa Holdings, S.A. make?

In fiscal 2025 Copa Holdings, S.A. reported revenue of $3.6B. That is 5.0% more than a year earlier.

When did Copa Holdings, S.A. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on February 26, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 9, 2026.

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Where the numbers come from

Financial figures are the values Copa Holdings, S.A. 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.