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Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico (GAPB) investor relations material
Grupo Aeroportuario del Pacífico Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary20 Oct, 2026
Executive summary
3Q26 total revenue rose 21.8% YoY to Ps. 11,667.8 million; excluding IFRIC 12 construction revenue, service revenue increased 13.2% to Ps. 8,947.1 million.
EBITDA increased 19.2% to Ps. 6,064.6 million; net income rose 8.1% to Ps. 2,914.1 million.
Performance reflected CBX consolidation and internalized technical assistance from May 1, 2026, despite a 1.4% decline in passenger traffic.
Financial highlights
Aeronautical revenue rose 2.6% to Ps. 5,616.0 million; non-aeronautical revenue grew 37.0% to Ps. 3,331.1 million, including Ps. 775.5 million from CBX.
Operating income increased 21.6% to Ps. 5,047.7 million; operating expenses excluding IFRIC 12 rose 3.8%.
Excluding CBX, aeronautical and non-aeronautical revenue rose 3.4% and EBITDA grew ~8.3%.
9M26 revenue increased 8.9% to Ps. 34,327.2 million, EBITDA grew 11.1% to Ps. 18,018.8 million, and net income rose 11.1% to Ps. 9,119.6 million.
3Q26 net financial expense rose 57.6% to Ps. 1,043.1 million, mainly due to higher interest expense following increased borrowings for airport capex and CBX.
Segment performance
Network traffic was 15.44 million passengers, down 1.4% YoY; domestic traffic rose 0.6%, while international traffic declined 4.5%.
Guadalajara traffic rose 8.0%; Montego Bay fell 23.0%, Puerto Vallarta fell 11.0%, and Los Cabos declined 6.8%.
CBX generated Ps. 775.5 million revenue and Ps. 558.2 million EBITDA at a 72.0% margin; 1.034 million users crossed its facilities.
Mexican airport aeronautical revenue rose 5.3%; Jamaican airport aeronautical revenue fell 12.7%, amid lower traffic and peso appreciation.
Directly operated business revenue excluding CBX rose ~13.7%; cargo and bonded warehouse revenue grew 20.7% to ~Ps. 674 million.
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Latest events from Grupo Aeroportuario del Pacífico
- EBITDA rose 8.4% and margins improved, driven by non-aero growth and CBX, despite lower traffic.GAPB
Q2 2026 - FIBRA GAP launches to fund airport CapEx, supporting growth, higher margins, and control.GAPBInvestor update
- Revenue and EBITDA rose as diversified income and cost controls offset traffic declines.GAPBQ1 2026
- 2025 saw 23.2% revenue growth and 65.6% EBITDA margin, with further gains expected in 2026.GAPBQ4 2025
- CBX integration and TAA internalization drive growth, margin expansion, and U.S. market exposure.GAPBStatus Update
- Double-digit revenue and EBITDA growth in Q3 2025, driven by expansion and diversification.GAPBQ3 2025
- Passenger traffic fell, but non-aeronautical revenues rose and margins remain robust.GAPBQ2 2024
- Q1 2025 revenue up 26.1%, EBITDA up 21.1%, and net income up 15.7% on strong traffic and expansion.GAPBQ1 2025
- Strong 4Q24 revenue and EBITDA growth, with 2025 guidance projecting further expansion.GAPBQ4 2024
Next Grupo Aeroportuario del Pacífico earnings date
Q4 202622 Feb, 2027
Grupo Aeroportuario del Pacífico
Next Grupo Aeroportuario del Pacífico earnings date
Q4 202622 Feb, 2027
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Frequently asked questions
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) is an airport operator headquartered in Guadalajara, Mexico. The company specializes in managing, operating, and developing airport facilities. It holds concessions for approximately 12 airports across Mexico's Pacific region, serving major cities such as Guadalajara and Tijuana, and key tourist destinations including Puerto Vallarta and Los Cabos. GAP's operations extend beyond Mexico, with an international airport in Jamaica also under its management. Grupo Aeroportuario del Pacífico is focused on enhancing airport infrastructure and services, ensuring efficient and high-quality experiences for passengers and airlines alike. The company is headquartered in Guadalajara, Jalisco, Mexico, and its shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol "PAC" and on the Bolsa Mexicana de Valores (BMV) as "GAP".