United Airlines Holdings, Inc. (UAL)

NASDAQ: UAL · Real-Time Price · USD

108.71

+1.07 (0.99%)

At close: Sep 18, 2026, 4:00 PM EDT

109.08

+0.37 (0.34%)

After-hours: Sep 18, 2026, 7:59 PM EDT

United Airlines Holdings Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	62,902	59,070	57,063	53,717	44,955	24,634
Revenue Growth	8.48%	3.52%	6.23%	19.49%	82.49%	60.43%
Gross Profit	20,013	20,062	19,529	18,001	13,186	3,265
Operating Income	4,374	5,095	5,317	5,291	2,567	-4,330
Net Income	3,496	3,353	3,149	2,618	737	-1,964
Earnings Per Share	10.69	10.20	9.45	7.89	2.23	-6.10
EPS Growth	7.14%	7.94%	19.77%	253.81%	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Passenger	57,007	53,438	51,829	49,046	40,032	20,197
Cargo	1,870	1,779	1,743	1,495	2,171	2,349
Other Operating	4,025	3,853	3,491	3,176	2,752	2,088
Revenue (Total)	62,902	59,070	57,063	53,717	44,955	24,634

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	16,637	12,240	14,475	14,388	16,414	18,406
Total Debt	33,668	31,036	33,633	36,739	37,300	41,063
Net Cash (Debt)	-17,031	-18,796	-19,158	-22,351	-20,886	-22,657
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-52.11	-57.22	-57.50	-67.34	-63.27	-70.39

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	8,913	8,431	9,445	6,911	6,066	2,067
Capital Expenditures	-6,369	-5,874	-5,615	-7,171	-4,819	-2,107
Free Cash Flow	2,544	2,557	3,830	-260	1,247	-40
Free Cash Flow Growth	-37.09%	-33.24%	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	31.82%	33.96%	34.22%	33.51%	29.33%	13.25%
Operating Margin	6.95%	8.63%	9.32%	9.85%	5.71%	-17.58%
Pretax Margin	7.12%	7.29%	7.30%	6.31%	2.20%	-10.38%
Profit Margin	5.56%	5.68%	5.52%	4.87%	1.64%	-7.97%
FCF Margin	4.04%	4.33%	6.71%	-0.48%	2.77%	-0.16%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	10.17	10.80	10.14	5.17	16.72	-
Forward PE	8.96	9.05	7.80	4.79	5.46	113.95
P/FCF Ratio	13.87	14.16	8.34	-	9.88	-
PS Ratio	0.56	0.61	0.56	0.25	0.27	0.57