United Airlines Holdings, Inc. (UAL)
NASDAQ: UAL · Real-Time Price · USD
89.95
-4.20 (-4.46%)
At close: Mar 20, 2026, 4:00 PM EDT
91.25
+1.30 (1.45%)
After-hours: Mar 20, 2026, 7:59 PM EDT
United Airlines Holdings Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
| 15,397 | 15,225 | 15,236 | 13,213 | 14,695 | 14,843 | 14,986 | 12,539 | 13,626 | 14,484 | 14,178 | 11,429 | 12,400 | 12,877 | 12,112 | 7,566 | 8,192 | 7,750 | 5,471 | 3,221 | |
Revenue Growth (YoY) | 4.78% | 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% | 270.92% | -59.63% |
Cost of Revenue | 10,141 | 10,073 | 9,757 | 9,161 | 9,424 | 9,663 | 9,465 | 9,091 | 9,253 | 9,379 | 8,629 | 8,586 | 8,204 | 8,517 | 8,476 | 6,662 | 6,285 | 5,773 | 4,973 | 4,397 |
Gross Profit | 5,256 | 5,152 | 5,479 | 4,052 | 5,271 | 5,180 | 5,521 | 3,448 | 4,373 | 5,105 | 5,549 | 2,843 | 4,196 | 4,360 | 3,636 | 904 | 1,907 | 1,977 | 498 | -1,176 |
Selling, General & Admin | 571 | 555 | 487 | 496 | 551 | 574 | 626 | 480 | 571 | 516 | 487 | 403 | 434 | 482 | 393 | 226 | 235 | 218 | 139 | 85 |
Depreciation & Amortization Expenses | 748 | 730 | 733 | 727 | 759 | 742 | 719 | 708 | 684 | 663 | 669 | 655 | 624 | 610 | 611 | 611 | 619 | 623 | 620 | 623 |
Other Operating Expenses | 2,553 | 2,473 | 2,934 | 2,218 | 2,458 | 2,299 | 2,247 | 2,161 | 2,120 | 2,187 | 2,876 | 1,828 | 1,761 | 1,810 | 1,754 | 1,443 | 1,461 | 99 | 9 | -503 |
Total Operating Expenses | 3,872 | 3,758 | 4,154 | 3,441 | 3,768 | 3,615 | 3,592 | 3,349 | 3,375 | 3,366 | 4,032 | 2,886 | 2,819 | 2,902 | 2,758 | 2,280 | 2,315 | 940 | 768 | 205 |
Operating Income | 1,385 | 1,395 | 1,325 | 607 | 1,503 | 1,565 | 1,929 | 99 | 998 | 1,739 | 1,517 | -43 | 1,377 | 1,458 | 878 | -1,376 | -408 | 1,037 | -270 | -1,381 |
Interest Income | 138 | 142 | 167 | 164 | 172 | 187 | 190 | 177 | 207 | 234 | 216 | 170 | 156 | 104 | 33 | 5 | 6 | 11 | 12 | 7 |
Interest Expense | 271 | 278 | 310 | 308 | 316 | 326 | 367 | 393 | 430 | 445 | 451 | 448 | 447 | 428 | 398 | 400 | 406 | 431 | 404 | 336 |
Other Non-Operating Income (Expense) | 70 | -4 | 67 | 15 | -52 | -140 | -13 | -47 | -4 | -43 | 105 | 65 | 44 | 19 | -54 | 19 | -37 | -14 | 98 | -41 |
Total Non-Operating Income (Expense) | 479 | 416 | 544 | 487 | 436 | 373 | 544 | 523 | 633 | 636 | 772 | 683 | 647 | 551 | 377 | 424 | 375 | 428 | 514 | 302 |
Pretax Income | 1,325 | 1,255 | 1,248 | 478 | 1,307 | 1,286 | 1,739 | -164 | 771 | 1,485 | 1,387 | -256 | 1,130 | 1,153 | 459 | -1,752 | -845 | 603 | -564 | -1,751 |
Provision for Income Taxes | 281 | 306 | 275 | 91 | 322 | 321 | 416 | -40 | 171 | 348 | 312 | -62 | 287 | 211 | 130 | -375 | -199 | 130 | -130 | -394 |
Net Income | 1,044 | 949 | 973 | 387 | 985 | 965 | 1,323 | -124 | 600 | 1,137 | 1,075 | -194 | 843 | 942 | 329 | -1,377 | -646 | 473 | -434 | -1,357 |
Net Income to Common | 1,044 | 949 | 973 | 387 | 985 | 965 | 1,323 | -124 | 600 | 1,137 | 1,075 | -194 | 843 | 942 | 329 | -1,377 | -646 | 473 | -434 | -1,357 |
Net Income Growth | 5.99% | -1.66% | -26.46% | - | 64.17% | -15.13% | 23.07% | - | -28.83% | 20.70% | 226.75% | - | - | 99.15% | - | - | - | - | - | - |
Shares Outstanding (Basic) | 327 | 324 | 325 | 328 | 335 | 329 | 329 | 328 | 331 | 328 | 328 | 327 | 330 | 327 | 327 | 325 | 324 | 324 | 324 | 317 |
Shares Outstanding (Diluted) | 327 | 327 | 327 | 333 | 335 | 333 | 334 | 328 | 331 | 332 | 332 | 327 | 330 | 330 | 330 | 325 | 324 | 329 | 324 | 317 |
Shares Change (YoY) | -2.24% | -1.74% | -2.01% | 1.43% | 0.97% | 0.09% | 0.72% | 0.27% | 0.27% | 0.88% | 0.36% | 0.74% | 2.04% | 0.15% | 2.07% | 2.65% | 9.02% | 13.06% | 15.28% | 27.40% |
EPS (Basic) | 3.19 | 2.93 | 3.00 | 1.18 | 2.95 | 2.93 | 4.02 | -0.38 | 1.81 | 3.47 | 3.28 | -0.59 | 2.55 | 2.88 | 1.01 | -4.24 | -1.99 | 1.46 | -1.34 | -4.29 |
EPS (Diluted) | 3.19 | 2.90 | 2.97 | 1.16 | 2.95 | 2.90 | 3.96 | -0.38 | 1.81 | 3.42 | 3.24 | -0.59 | 2.55 | 2.86 | 1.00 | -4.24 | -1.99 | 1.44 | -1.34 | -4.29 |
EPS Growth | 8.14% | - | -25.00% | - | 62.98% | -15.20% | 22.22% | - | -29.02% | 19.58% | 224.00% | - | - | 98.61% | - | - | - | - | - | - |
Free Cash Flow | -604 | -246 | 930 | 2,477 | 549 | 88 | 1,711 | 1,482 | -2,976 | -962 | 2,379 | 1,299 | -1,381 | -587 | 2,141 | 1,074 | -805 | -1,052 | 1,814 | 3 |
Free Cash Flow Growth | - | - | -45.65% | 67.14% | - | - | -28.08% | 14.09% | - | - | 11.12% | 20.95% | - | - | 18.03% | 35700.00% | - | - | - | - |
Free Cash Flow Per Share | -1.85 | -0.75 | 2.84 | 7.44 | 1.64 | 0.26 | 5.12 | 4.51 | -8.98 | -2.89 | 7.18 | 3.97 | -4.18 | -1.78 | 6.48 | 3.30 | -2.49 | -3.20 | 5.61 | 0.01 |
Gross Margin | 34.14% | 33.84% | 35.96% | 30.67% | 35.87% | 34.90% | 36.84% | 27.50% | 32.09% | 35.25% | 39.14% | 24.88% | 33.84% | 33.86% | 30.02% | 11.95% | 23.28% | 25.51% | 9.10% | -36.51% |
Operating Margin | 9.00% | 9.16% | 8.70% | 4.59% | 10.23% | 10.54% | 12.87% | 0.79% | 7.32% | 12.01% | 10.70% | -0.38% | 11.10% | 11.32% | 7.25% | -18.19% | -4.98% | 13.38% | -4.94% | -42.87% |
Profit Margin | 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% | -7.93% | -42.13% |
FCF Margin | -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% | 14.20% | -9.83% | -13.57% | 33.16% | 0.09% |
EBITDA | 1,385 | 1,395 | 1,325 | 607 | 1,503 | 1,565 | 1,929 | 99 | 998 | 1,739 | 1,517 | -43 | 1,377 | 1,458 | 878 | -1,376 | -408 | 1,037 | -270 | -1,381 |
EBIT | 1,385 | 1,395 | 1,325 | 607 | 1,503 | 1,565 | 1,929 | 99 | 998 | 1,739 | 1,517 | -43 | 1,377 | 1,458 | 878 | -1,376 | -408 | 1,037 | -270 | -1,381 |
EBIT Margin | 9.00% | 9.16% | 8.70% | 4.59% | 10.23% | 10.54% | 12.87% | 0.79% | 7.32% | 12.01% | 10.70% | -0.38% | 11.10% | 11.32% | 7.25% | -18.19% | -4.98% | 13.38% | -4.94% | -42.87% |
Effective Tax Rate | 21.21% | 24.38% | 22.04% | 19.04% | 24.64% | 24.96% | 23.92% | 24.39% | 22.18% | 23.43% | 22.49% | 24.22% | 25.40% | 18.30% | 28.32% | 21.40% | 23.55% | 21.56% | 23.05% | 22.50% |
Updated Jan 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.