Azul (AZUL) Stock Price

Azul Price

Düsseldorf·CLOSED
8.48BRL-0.10 (-1.17 %)
Market closed

Revenue has compounded at 12.9% per year over the past 10 years to 19.53 B BRL. Azul's net margin stands at -46.9%, up from -188.6% several years earlier. Analysts set a median price target of 7.81 BRL, implying 8.0% below the current price. Of 6 analysts, 0 rate the stock a buy — an overall Sell consensus.

Azul stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Azul over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Azul stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Azul's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Azul Stock Price History
DateAzul Price
7/17/20268.48 BRL
7/16/20268.58 BRL
7/15/20268.78 BRL
7/13/20268.77 BRL
7/10/20269.03 BRL
6/25/20269.10 BRL
6/8/20268.37 BRL
6/4/20269.08 BRL
6/3/20269.03 BRL
6/2/20268.89 BRL
6/1/20269.00 BRL
Access this data via the Eulerpool API

Azul Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
5.74 B BRL
-3.08 B BRL
-10.84 B BRL
Jan 1, 2021
9.98 B BRL
-1.03 B BRL
-4.21 B BRL
Jan 1, 2022
15.95 B BRL
33.00 M BRL
-722.00 M BRL
Jan 1, 2023
18.55 B BRL
1.41 B BRL
-2.38 B BRL
Jan 1, 2024
19.53 B BRL
3.34 B BRL
-9.15 B BRL
Jan 1, 2025 (e)
3.98 B BRL
750.97 M BRL
-8.88 T BRL
Jan 1, 2026 (e)
4.16 B BRL
832.92 M BRL
3.37 T BRL
Jan 1, 2027 (e)
4.52 B BRL
874.46 M BRL
4.90 T BRL

Azul Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 20, 2026, 5:44 PM
 
REVENUEB BRL
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB BRL
EBITB BRL
EBIT MARGIN%
NET INCOMET BRL
NET INCOME GROWTH%
SHARESM
201420152016201720182019202020212022202320242025e2026e2027e
5.806.266.677.719.0611.445.749.9815.9518.5519.533.984.164.52
7.846.5815.5217.5526.33-49.8073.6859.8616.345.24-79.624.558.70
38.7729.3237.0358.7257.1459.4452.5251.1143.9857.7061.8661.8661.8661.86
2.251.842.474.525.186.803.025.107.0110.7112.082.462.572.80
0.40-0.170.341.241.191.69-3.08-1.030.031.413.340.750.830.87
6.91-2.685.1616.1313.1814.75-53.55-10.300.217.5917.1018.8420.0019.32
-0.01-0.01-8.883.374.90
1,553.85-88.28-437.30-249.65277.83350.89-61.12-82.86229.64284.5096,885.14-137.9345.45
241.00241.00241.00328.00350.00353.00355.00358.00360.00359.92360.05360.05360.05360.05
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Azul generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Azul retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Azul's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Azul has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Azul's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Azul stock margins

The Azul margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Azul. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Azul.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
52.52 %
-53.55 %
-188.63 %
Jan 1, 2021
51.11 %
-10.30 %
-42.23 %
Jan 1, 2022
43.98 %
0.21 %
-4.53 %
Jan 1, 2023
57.70 %
7.59 %
-12.83 %
Jan 1, 2024
61.86 %
17.10 %
-46.87 %
Jan 1, 2025 (e)
61.86 %
18.87 %
-222,992.71 %
Jan 1, 2026 (e)
61.86 %
20.02 %
80,904.13 %
Jan 1, 2027 (e)
61.86 %
19.33 %
108,260.27 %

Azul Stock Revenue, EBIT, Earnings per Share

The Azul earnings per share therefore indicates how much revenue Azul has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
16.18 BRL
-8.66 BRL
-30.52 BRL
Jan 1, 2021
27.87 BRL
-2.87 BRL
-11.77 BRL
Jan 1, 2022
44.30 BRL
0.09 BRL
-2.01 BRL
Jan 1, 2023
51.55 BRL
3.92 BRL
-6.61 BRL
Jan 1, 2024
54.23 BRL
9.27 BRL
-25.42 BRL
Jan 1, 2025 (e)
11.05 BRL
2.09 BRL
-24,650.00 BRL
Jan 1, 2026 (e)
11.56 BRL
2.31 BRL
9,350.00 BRL
Jan 1, 2027 (e)
12.56 BRL
2.43 BRL
13,600.00 BRL

Azul business model & stock analysis

Azul Segments

Azul Revenue by Segment

  • Max

Air Transport
Other Income
Details
Date
Air Transport
Other Income
Jan 1, 2023
18.37 B BRL
179.73 M BRL
Jan 1, 2024
19.28 B BRL
248.11 M BRL

Azul Revenue by Region

  • 3 Years

  • 5 Years

  • Max

Domestic revenue
Foreign revenue
Details
Date
Domestic revenue
Foreign revenue
Jan 1, 2020
4.76 B BRL
984.87 M BRL
Jan 1, 2022
13.01 B BRL
2.93 B BRL
Jan 1, 2023
14.68 B BRL
3.88 B BRL
Jan 1, 2024
16.08 B BRL
3.44 B BRL

Azul Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Azul historical P/E ratio, EBIT multiple, and P/S ratio

Azul annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Azul shares outstanding

The number of shares of Azul was 360.05 M in 2025. This indicates how many shares Azul is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
355.00 M Stocks
Jan 1, 2021
358.00 M Stocks
Jan 1, 2022
360.00 M Stocks
Jan 1, 2023
359.92 M Stocks
Jan 1, 2024
360.05 M Stocks
Jan 1, 2025 (e)
360.05 M Stocks
Jan 1, 2026 (e)
360.05 M Stocks
Jan 1, 2027 (e)
360.05 M Stocks

Current Azul forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy0.00 % (0)
Hold50.00 % (3)
Sell50.00 % (3)
12M Price Target
7.81
Last Price
8.48
Currency
BRL
12M Return Potential
-7.96 %
LTM Return
0 %

Azul Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/26/20262,890.00BRL1.08 BBRL2025 Q4
11/14/20250.10BRL1.03 BBRL2025 Q3
8/14/2025-0.56BRL921.08 MBRL2025 Q2
11/14/2024-0.40BRL957.11 MBRL2024 Q3
5/13/2024-0.09BRL1.02 BBRL2024 Q1
3/4/20240.23BRL1.04 BBRL2023 Q4
11/8/2023-0.23BRL974.41 MBRL2023 Q3
8/9/2023-0.46BRL927.81 MBRL2023 Q2
5/8/2023-0.45BRL892.85 MBRL2023 Q1
2/22/2023-0.15BRL922.79 MBRL2022 Q4

EESG©

Eulerpool ESG Scorecard© for the Azul stock

88/100
98
Environment
89
Social
76
Governance
E

Environment

20
Scope 1 - Direct Emissions3,300,728.83
Scope 2 - Indirect emissions from purchased energy398.41
Scope 3 - Indirect emissions within the value chain1,118,351.824
Total CO₂ emissions3,301,127.24
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees41
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Azul shareholder structure

% Name
1.87377%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
0.51903%
Edmond de Rothschild (Suisse) S.A.
Edmond de Rothschild (Suisse) S.A.
0.32203%
Marshall Wace LLP
Marshall Wace LLP
0.30329%
Thompson, Siegel & Walmsley LLC
Thompson, Siegel & Walmsley LLC
0.27598%
Amundi (UK)
Amundi (UK)
0.15051%
BlackRock Advisors, LLC
BlackRock Advisors, LLC
...

Azul Executives and Management Board

DN

Mr. David Neeleman

(64)

Chairman of the Board · since 2008

JR

Mr. John Rodgerson

(48)

Chief Executive Officer · since 2017

SP

Mr. Sergio de Salles Pinto

(60)

Independent Vice Chairman of the Board

AM

Mr. Alexandre Malfitani

(51)

Chief Financial Officer and Investor Relations Officer · since 2017

DT

Mr. Daniel Tkacz

(43)

Chief Technology Officer

Azul Supply Chain

Azul Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
12 companies
#Name1M3M6M1Y2YTrend
1
PROS
Supplier
0.08
0.50
0.10
0.87
0.75
2
0.07
0.29
0.30
0.59
0.67
3
0.20
0.52
0.35
0.71
0.66
4
Copa A
Supplier
0.09
0.70
0.68
-0.07
0.51
5
Fraport
Supplier
0.24
-0.01
0.37
0.12
0.35
#Name1M3M6M1Y2YTrend
1
Lilium A
Supplier
0.42
0.61
0.06
0.71
2
Global Eagle Entertainment Incorporated
Supplier
-0.23
0.25
-0.01
3
Leonardo
Supplier
-0.58
0.10
-0.15
-0.21
-0.01
4
-0.59
0.15
0.21
-0.57
0.02
5
Textron
Supplier
-0.05
0.41
0.05
-0.31
0.15

Frequently asked questions about Azul

Analysts currently set an average price target of 7.81 BRL for the Azul stock (median: 7.81 BRL), implying -8.0 % versus the latest price. The consensus is based on 6 analyst ratings.

All fundamentals and in-depth analysis of Azul

Our stock analysis for Azul stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Azul. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.