LATAM Airlines Group S.A. (LTM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.08B | 3.87B | 3.8B | 3.25B | 3.35B | 3.34B | 3.25B | 3.03B | 3.27B | 3.21B | 3.02B | 2.63B | 2.77B | 2.71B | 2.56B | 2.18B | 1.92B | 1.94B | 1.28B | 888.7M |
| Revenue Growth % | 21.86% | 16.1% | 17.06% | 7.4% | 2.49% | 3.92% | 7.3% | 15.08% | 17.88% | 18.44% | 18.25% | 20.98% | 44.59% | 39.77% | 100.45% | 144.88% | 127.61% | 298.73% | 215.07% | 101.21% |
| Cost of Goods Sold | 2.8B | 2.72B | 2.62B | 2.4B | 2.4B | 2.42B | 2.41B | 2.44B | 2.39B | 2.43B | 2.2B | 2.02B | 2.17B | 1.24B | 2.2B | 2.01B | 1.76B | 1.54B | 1.36B | 1.09B |
| COGS % of Revenue | 68.7% | 70.13% | 69% | 73.75% | 71.67% | 72.44% | 74.2% | 80.42% | 73.27% | 75.66% | 72.72% | 76.66% | 78.26% | 45.72% | 85.88% | 92.28% | 91.92% | 79.53% | 106.36% | 122.09% |
| Gross Profit | 1.28B | 1.16B | 1.18B | 854.38M | 948.6M | 919.64M | 837.33M | 593.22M | 873.34M | 781.74M | 825.05M | 614.58M | 602.57M | 1.47B | 361.24M | 167.9M | 154.83M | 397.02M | -81.14M | -196.32M |
| Gross Margin % | 31.3% | 29.87% | 31% | 26.25% | 28.33% | 27.56% | 25.8% | 19.58% | 26.73% | 24.34% | 27.28% | 23.34% | 21.74% | 54.28% | 14.12% | 7.72% | 8.08% | 20.47% | -6.36% | -22.09% |
| Gross Profit Growth % | 34.65% | 25.84% | 40.65% | 44.02% | 8.62% | 17.64% | 1.49% | -3.48% | 44.94% | -46.89% | 128.39% | 266.05% | 289.19% | 270.72% | 545.2% | 185.52% | 176.8% | 190.46% | 79.4% | 54.95% |
| Operating Expenses | 458.91M | 482.95M | 486.56M | 434.01M | 390.3M | 469.14M | 401.51M | 319.42M | 479.01M | 498.94M | 500.12M | 387.51M | 359.22M | -405.9M | 306.11M | 527.29M | 338.42M | 1.71B | 575.99M | 161.43M |
| OpEx % of Revenue | 11.25% | 12.46% | 12.81% | 13.34% | 11.66% | 14.06% | 12.37% | 10.54% | 14.66% | 15.54% | 16.54% | 14.72% | 12.96% | -14.97% | 11.97% | 24.23% | 17.65% | 88.39% | 45.14% | 18.16% |
| Selling, General & Admin | 382.9M | 406.02M | 381.49M | 335.14M | 326.81M | 389.21M | 358.96M | 336.8M | 345.73M | 358.84M | 340.72M | 304.11M | 266.91M | 319.1M | 249.21M | 238.36M | 196.36M | 256.22M | 172.15M | 154.82M |
| SG&A % of Revenue | 9.38% | 10.48% | 10.04% | 10.3% | 9.76% | 11.66% | 11.06% | 11.12% | 10.58% | 11.17% | 11.27% | 11.55% | 9.63% | 11.77% | 9.74% | 10.95% | 10.24% | 13.21% | 13.49% | 17.42% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 818.34M | 674.29M | 691.15M | 420.37M | 558.29M | 450.5M | 435.82M | 273.8M | 394.33M | 282.81M | 324.94M | 227.07M | 243.35M | 1.88B | 55.13M | -359.39M | -183.6M | -1.32B | -657.13M | -357.75M |
| Operating Margin % | 20.05% | 17.4% | 18.19% | 12.92% | 16.67% | 13.5% | 13.43% | 9.04% | 12.07% | 8.81% | 10.74% | 8.62% | 8.78% | 69.25% | 2.16% | -16.51% | -9.58% | -67.93% | -51.5% | -40.26% |
| Operating Income Growth % | 46.58% | 49.68% | 58.59% | 53.53% | 41.58% | 59.3% | 34.12% | 20.58% | 62.04% | -84.94% | 489.4% | 163.18% | 232.55% | 242.5% | 108.39% | -0.46% | 59.28% | 60.86% | -6.52% | 69.76% |
| EBITDA | 784.7M | 702.74M | 618.09M | 849.11M | 947.2M | 469.32M | 708.5M | 304.88M | 889.5M | 325.33M | 399.95M | 313.62M | 276.83M | 2.87B | 358.57M | -325.1M | 108.65M | -1.32B | -594.68M | -938.79M |
| EBITDA Margin % | 19.23% | 18.14% | 16.27% | 26.09% | 28.29% | 14.06% | 21.83% | 10.06% | 27.23% | 10.13% | 13.22% | 11.91% | 9.99% | 105.72% | 14.02% | -14.94% | 5.67% | -67.94% | -46.6% | -105.64% |
| EBITDA Growth % | -17.16% | 49.74% | -12.76% | 178.51% | 6.49% | 44.26% | 77.15% | -2.79% | 221.32% | -88.65% | 11.54% | 196.47% | 154.8% | 317.5% | 160.3% | 65.37% | 123.14% | -24.48% | 2.02% | 16.79% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 428.74M | 388.9M | 18.82M | 272.68M | 0 | 495.17M | 42.53M | 0 | 0 | 0 | 0 | 303.44M | 0 | 292.25M | 0 | 0 | 0 |
| EBIT | 784.7M | 702.74M | 618.09M | 410.03M | 512.9M | 450.5M | 435.82M | 304.88M | 394.33M | 282.81M | 399.95M | 313.62M | 276.83M | 2.87B | -136.11M | -325.1M | -135.85M | -1.32B | -594.68M | -938.79M |
| Net Interest Income | -117.21M | -152.6M | -126.81M | -128.8M | -118.67M | -222.96M | -148.56M | -158.37M | -159.94M | -161.32M | -141.31M | -127.35M | -146.24M | 780.85M | -215.37M | -200.75M | -254.84M | -210.63M | -203.11M | -184.52M |
| Interest Income | 36.99M | 0 | 40.32M | 27.07M | 33.06M | 33.71M | 46.17M | 31.08M | 31.45M | 30.12M | 32.67M | 45.26M | 17.92M | 1.02B | 24.26M | 5.67M | 4.56M | 6.26M | 3.02M | 4.36M |
| Interest Expense | 154.2M | 152.6M | 167.13M | 155.87M | 151.72M | 256.67M | 194.73M | 189.44M | 191.38M | 191.44M | 173.98M | 172.61M | 164.16M | 236.95M | 239.63M | 206.42M | 259.4M | 216.89M | 206.13M | 188.88M |
| Other Income/Expense | -187.83M | -124.15M | -240.2M | -166.2M | -194.05M | -162.4M | -161.25M | -158.37M | -119.23M | -176.74M | -95.53M | -80.22M | -129.17M | 758.52M | -430.87M | -162.92M | -208.56M | -203.06M | -128.01M | -769.92M |
| Pretax Income | 630.5M | 550.14M | 450.95M | 254.16M | 364.24M | 288.1M | 274.56M | 115.43M | 275.1M | 106.06M | 229.4M | 146.85M | 114.18M | 2.64B | -375.74M | -522.31M | -392.16M | -1.52B | -785.14M | -1.13B |
| Pretax Margin % | 15.45% | 14.2% | 11.87% | 7.81% | 10.88% | 8.63% | 8.46% | 3.81% | 8.42% | 3.3% | 7.58% | 5.58% | 4.12% | 97.22% | -14.69% | -24% | -20.46% | -78.39% | -61.53% | -126.89% |
| Income Tax | 52.81M | 65.92M | 70.05M | 11.52M | 7.61M | 18.41M | -27.95M | 10.88M | 15.14M | 22.41M | -3.38M | 2.79M | -6.88M | 97.1M | -79.25M | 1.96M | -10.89M | 1.23B | -90.99M | -355.39M |
| Effective Tax Rate % | 8.38% | 11.98% | 15.53% | 4.53% | 2.09% | 6.39% | -10.18% | 9.43% | 5.5% | 21.12% | -1.47% | 1.9% | -6.02% | 3.68% | 21.09% | -0.38% | 2.78% | -81.03% | 11.59% | 31.52% |
| Net Income | 575.99M | 484.29M | 378.84M | 242.41M | 355.29M | 271.94M | 301.21M | 104.8M | 258.28M | 82.96M | 231.82M | 145.25M | 121.8M | 2.54B | -295.97M | -523.2M | -380.07M | -2.76B | -691.87M | -769.64M |
| Net Margin % | 14.12% | 12.5% | 9.97% | 7.45% | 10.61% | 8.15% | 9.28% | 3.46% | 7.91% | 2.58% | 7.66% | 5.52% | 4.39% | 93.62% | -11.57% | -24.04% | -19.83% | -142.02% | -54.22% | -86.6% |
| Net Income Growth % | 62.12% | 78.09% | 25.77% | 131.3% | 37.56% | 227.8% | 29.93% | -27.85% | 112.05% | -96.73% | 178.33% | 127.76% | 132.05% | 192.14% | 57.22% | 32.02% | 11.79% | -186.25% | -20.72% | 13.53% |
| Net Income (Continuing) | 577.69M | 484.22M | 380.9M | 242.65M | 356.64M | 269.69M | 302.51M | 104.55M | 259.95M | 83.66M | 232.78M | 144.06M | 121.06M | 2.54B | -296.49M | -524.27M | -381.26M | -2.75B | -694.15M | -772.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -7.76M | -8.39M | -8.44M | -10.64M | -10.91M | -11.94M | -9.68M | -10.95M | -10.66M | -12.03M | -7.63M | -13.47M | -12.54M | -11.56M | -13.38M | -8.26M | -7.91M | -10.36M | -13.87M | -10.47M |
| EPS (Diluted) | 2.00 | 1.60 | 1.20 | 0.80 | 1.20 | 1.00 | 1.00 | 0.48 | 0.80 | 0.00 | 0.77 | 0.48 | 0.40 | 8.20 | -54.00 | -96.20 | -70.00 | -500.00 | -127.40 | -141.60 |
| EPS Growth % | 66.67% | 60% | 20% | 66.67% | 50% | - | 29.87% | 0% | 100% | -100% | 101.43% | 100.5% | 100.57% | 101.64% | 57.61% | 32.06% | 11.62% | -182.49% | -20.87% | 13.55% |
| EPS (Basic) | 2.00 | 1.60 | 1.20 | 0.80 | 1.20 | 1.00 | 1.00 | 0.48 | 0.80 | 0.00 | 0.77 | 0.48 | 0.40 | 8.20 | -54.00 | -96.20 | -70.00 | -500.00 | -127.40 | -141.60 |
| Diluted Shares Outstanding | 287.11M | 302.68M | 290.46M | 299.03M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 303.2M | 302.62M | 5.44M | 5.43M | 5.44M | 5.44M | 5.43M | 5.44M |
| Basic Shares Outstanding | 287.11M | 287.26M | 290.46M | 299.03M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.22M | 302.62M | 5.44M | 5.43M | 5.44M | 5.44M | 5.43M | 5.44M |
| Dividend Payout Ratio | 15.5% | 64.44% | 0.61% | 121.23% | 0.09% | - | - | 166.55% | - | - | - | - | - | - | - | - | - | - | - | - |