Copa Holdings, S.A.

CPA ·Industrials, Airlines, Panama
Financial Statements › Income Statement
Annual Quarterly

Income Statement

Line Item FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Revenue $3.62B $3.45B $3.46B $2.97B $1.51B $801.0M $2.71B $2.68B
Cost of Revenue — — — — — — — —
Gross Profit — — — — — — — —
Gross Margin — — — — — — — —
Operating Expenses
Research & Development — — — — — — — —
SG&A Expense — — — — — — — —
Operating Income $819.0M $753.0M $807.2M $450.4M $152.0M $-460.9M $346.2M $159.6M
Operating Margin 22.6% 21.8% 23.4% 15.2% 10.1% -57.5% 12.8% 6.0%
Interest Expense — — — — — — — —
Pretax Income $775.6M $705.8M $611.1M $388.2M $54.3M $-630.8M $293.4M $122.7M
Income Tax Expense $104.0M $97.7M $97.0M $40.2M $10.5M $-23.7M $46.4M $34.5M
Net Income $671.6M $608.1M $514.1M $348.1M $43.8M $-607.1M $247.0M $88.2M
Net Margin 18.6% 17.6% 14.9% 11.7% 2.9% -75.8% 9.1% 3.3%
EPS (Basic) $16.28 $14.55 $12.78 $8.58 $1.03 $-14.28 — —
EPS (Diluted) $16.28 $14.55 $12.78 $7.88 $1.03 $-14.28 — —
Shares Outstanding (Basic) 41.1M 41.2M 42.0M — — — — —
Shares Outstanding (Diluted) 41.1M 41.2M 42.0M — — — — —
Dividends Per Share — — — — — — — —
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