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United Airlines Holdings, Inc. (UAL)
NASDAQ: UAL · Real-Time Price · USD
111.19
+0.47 (0.42%)
At close: Sep 24, 2026, 4:00 PM EDT
111.20
+0.01 (0.01%)
After-hours: Sep 24, 2026, 7:48 PM EDT

United Airlines Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
17,67214,60815,39615,22515,23613,21314,69514,84314,98612,53913,62614,48414,17811,42912,40012,87712,1127,5668,1927,750
Revenue Growth
15.99%10.56%4.77%2.57%1.67%5.38%7.85%2.48%5.70%9.71%9.89%12.48%17.06%51.06%51.37%66.16%121.39%134.90%140.09%211.37%
Gross Profit
5,0864,4555,2865,1835,5104,0835,2975,2085,5493,4754,4065,1375,5822,8764,2184,3813,6599281,5221,988
Operating Income
9786351,4071,3521,8035341,5971,5881,9931391,0781,8002,40941,4151,4991,013-1,360-737-50
Net Income
8056991,0449499733879859651,323-1246001,1371,075-194843942329-1,377-646473
Earnings Per Share
2.462.143.182.902.971.162.942.903.96-0.381.813.423.24-0.592.552.861.00-4.24-2.001.44
EPS Growth
-17.17%84.48%8.12%0%-25.00%-62.60%-15.20%22.22%--29.02%19.58%224.00%--98.61%----

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Passenger
16,10013,16613,92613,81513,83611,86013,27513,56113,68011,31312,42113,34913,00210,27411,20211,65310,8296,3486,8786,637
Cargo
527422490431430429521417414391402333362398472498574627727519
Other Operating
1,0451,020981979970923899865892835803802814757726726709591587594
Revenue (Total)
17,67214,60815,39715,22515,23613,21314,69514,84314,98612,53913,62614,48414,17811,42912,40012,87712,1127,5668,1927,750

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
16,63714,16712,24013,32915,61615,33014,47514,16415,24813,99214,38817,08619,13817,15616,41418,69520,07518,67918,40619,422
Total Debt
33,66830,97131,03631,32232,78632,92533,63333,35934,25434,84436,73936,70637,34437,18437,30038,37639,42040,29841,06341,293
Net Cash (Debt)
-17,031-16,804-18,796-17,993-17,170-17,595-19,158-19,195-19,006-20,852-22,351-19,620-18,206-20,028-20,886-19,681-19,345-21,619-22,657-21,871
Net Cash Growth
--------------------
Net Cash Per Share
-52.15-51.42-57.48-55.04-52.48-52.84-57.27-57.69-56.92-63.52-67.46-59.03-54.92-61.17-63.21-59.73-58.57-66.52-69.97-66.48

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
1,6104,7991,2861,2182,2173,7102,2241,4982,8752,848-9108803,7993,1421,1587412,6911,476-269-786
Capital Expenditures
-1,343-1,672-1,890-1,464-1,287-1,233-1,675-1,410-1,164-1,366-2,066-1,842-1,420-1,843-2,539-1,328-550-402-536-266
Free Cash Flow
2673,127-604-2469302,477549881,7111,482-2,976-9622,3791,299-1,381-5872,1411,074-805-1,052
Free Cash Flow Growth
-71.29%26.24%---45.65%67.14%---28.08%14.09%--11.12%20.95%--18.03%35700.00%--

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
28.78%30.50%34.33%34.04%36.16%30.90%36.05%35.09%37.03%27.71%32.34%35.47%39.37%25.16%34.02%34.02%30.21%12.26%18.58%25.65%
Operating Margin
5.53%4.35%9.14%8.88%11.83%4.04%10.87%10.70%13.30%1.11%7.91%12.43%16.99%0.03%11.41%11.64%8.36%-17.97%-9.00%-0.65%
Pretax Margin
5.81%5.96%8.61%8.24%8.19%3.62%8.89%8.66%11.60%-1.31%5.66%10.25%9.78%-2.24%9.11%8.95%3.79%-23.16%-10.31%7.78%
Profit Margin
4.55%4.78%6.78%6.23%6.39%2.93%6.70%6.50%8.83%-0.99%4.40%7.85%7.58%-1.70%6.80%7.32%2.72%-18.20%-7.89%6.10%
FCF Margin
1.51%21.41%-3.92%-1.62%6.10%18.75%3.74%0.59%11.42%11.82%-21.84%-6.64%16.78%11.37%-11.14%-4.56%17.68%14.19%-9.83%-13.57%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
12.628.1310.809.487.866.1810.146.795.45-5.174.856.75-16.72-----
Forward PE
14.257.899.058.457.655.487.805.304.564.974.794.054.935.245.4611.846.85103.06113.95113.95
P/FCF Ratio
17.359.29--6.434.688.3461.52----10.529.83--8.5214.60--
PS Ratio
0.700.490.610.540.450.390.560.340.290.290.250.260.350.300.270.260.330.520.570.78