United Airlines Holdings, Inc. (BIT:1UAL)

United Airlines Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	59,070	57,063	53,717	44,955	24,634
Revenue Growth (YoY)	3.52%	6.23%	19.49%	82.49%	60.43%
Cost of Revenue	39,131	37,643	35,847	31,859	21,428
Gross Profit	19,939	19,420	17,870	13,096	3,206
Selling, General & Admin	2,109	2,231	1,977	1,535	677
Depreciation & Amortization Expenses	2,939	2,928	2,671	2,456	2,485
Other Operating Expenses	10,178	9,165	9,011	6,768	1,066
Operating Income	4,713	5,096	4,211	2,337	-1,022
Interest Income	611	726	827	298	36
Interest Expense	1,167	1,402	1,774	1,673	1,577
Other Non-Operating Income (Expense)	148	-252	123	28	6
Total Non-Operating Income (Expense)	1,926	1,876	2,724	1,999	1,619
Pretax Income	4,306	4,168	3,387	990	-2,557
Provision for Income Taxes	953	1,019	769	253	-593
Net Income	3,353	3,149	2,618	737	-1,964
Net Income to Common	3,353	3,149	2,618	737	-1,964
Net Income Growth	6.48%	20.28%	255.22%	-	-
Shares Outstanding (Basic)	325	329	328	326	322
Shares Outstanding (Diluted)	329	333	332	330	322
Shares Change (YoY)	-1.41%	0.39%	0.55%	2.55%	15.21%
EPS (Basic)	10.32	9.58	7.98	2.26	-6.10
EPS (Diluted)	10.20	9.45	7.89	2.23	-6.10
EPS Growth	7.94%	19.77%	253.81%	-	-
Free Cash Flow	2,557	3,830	-260	1,247	-40
Free Cash Flow Growth	-33.24%	-	-	-	-
Free Cash Flow Per Share	7.78	11.49	-0.78	3.78	-0.12
Gross Margin	33.75%	34.03%	33.27%	29.13%	13.01%
Operating Margin	7.98%	8.93%	7.84%	5.20%	-4.15%
Profit Margin	5.68%	5.52%	4.87%	1.64%	-7.97%
FCF Margin	4.33%	6.71%	-0.48%	2.77%	-0.16%
EBITDA	7,652	8,024	6,882	4,793	1,463
EBITDA Margin	12.95%	14.06%	12.81%	10.66%	5.94%
EBIT	4,713	5,096	4,211	2,337	-1,022
EBIT Margin	7.98%	8.93%	7.84%	5.20%	-4.15%
Effective Tax Rate	22.13%	24.45%	22.70%	25.56%	23.19%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.