Copa Holdings, S.A. CPA
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $3.62B, +5.0% YoY · Filed Feb 26, 2026
Copa Holdings, S.A. (CPA) files with the SEC under industry code 4512, Air Transportation, Scheduled. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.6 billion and net income of $671.6 million. As of Dec 31, 2025 it held $382.6 million in cash and investments and $2.3 billion in total debt.
Revenue
$3.62B
+5.0% vs prior year
Net income
$671.65M
+10.4% vs prior year
Operating cash flow
$1.15B
+15.4% vs prior year
Free cash flow
—
EPS
$16.28
+11.9% vs prior year
Dividend per share
None
Shares outstanding
41.14M
-0.1% vs prior year
Net cash
$-1.92B
FY 2025
Operating margin
22.6%
FY 2025
Company profile
- Industry
- Air Transportation, Scheduled (SIC 4512)
- Listed as
- CPA (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Panama
- Headquarters
- Panama City, Panama
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1345105
Other Air Transportation, Scheduled companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $3.5B | $3.0B | $1.5B |
| Operating income | $819.0M | $753.0M | $807.2M | $450.4M | $152.0M |
| Net income | $671.6M | $608.1M | $514.1M | $348.1M | $43.8M |
| Diluted EPS | $16.28 | $14.55 | $12.78 | $7.88 | — |
| Operating cash flow | $1.2B | $996.8M | $1.0B | $758.5M | $507.3M |
| Total assets | $6.6B | $5.7B | $5.2B | $4.7B | $4.2B |
| Total liabilities | $3.8B | $3.4B | $3.1B | $3.2B | $2.9B |
| Stockholders' equity | $2.8B | $2.4B | $2.1B | $1.5B | $1.3B |
| Cash and investments | $382.6M | $613.3M | $206.4M | $122.4M | $211.1M |
| Total debt | $2.3B | $2.0B | $1.7B | $1.7B | $1.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 15, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Oct 9, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Sep 10, 2026 | Aug 31, 2026 |
| 6-K | Current report (foreign issuer) | Aug 7, 2026 | Aug 7, 2026 |
| 6-K | Current report (foreign issuer) | Aug 5, 2026 | Jul 31, 2026 |
| 6-K | Current report (foreign issuer) | Jul 15, 2026 | Jun 30, 2026 |
All 852 Copa Holdings, S.A. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.