United Airlines Holdings, Inc. (UAL)

NASDAQ: UAL · Real-Time Price · USD

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108.57

-4.92 (-4.34%)

At close: Jan 20, 2026, 4:00 PM EST

112.45

+3.88 (3.57%)

After-hours: Jan 20, 2026, 7:59 PM EST

United Airlines Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	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	2016 - 2020
Operating Revenue	55,217	53,572	50,541	42,203	22,546	Upgrade
Other Revenue	3,853	3,491	3,176	2,752	2,088	Upgrade
Revenue	59,070	57,063	53,717	44,955	24,634	Upgrade
Revenue Growth (YoY)	3.52%	6.23%	19.49%	82.49%	60.43%	Upgrade
Cost of Revenue	39,131	37,534	35,716	31,769	21,369	Upgrade
Gross Profit	19,939	19,529	18,001	13,186	3,265	Upgrade
Selling, General & Admin	2,109	2,466	2,198	1,700	776	Upgrade
Other Operating Expenses	9,919	8,818	7,841	6,463	4,334	Upgrade
Operating Expenses	14,967	14,212	12,710	10,619	7,595	Upgrade
Operating Income	4,972	5,317	5,291	2,567	-4,330	Upgrade
Interest Expense	-1,167	-1,402	-1,774	-1,673	-1,577	Upgrade
Interest & Investment Income	611	726	827	298	36	Upgrade
Other Non Operating Income (Expenses)	145	-34	-24	-75	62	Upgrade
EBT Excluding Unusual Items	4,561	4,607	4,320	1,117	-5,809	Upgrade
Merger & Restructuring Charges	-	-	-	-	-469	Upgrade
Gain (Loss) on Sale of Investments	4	-199	27	20	-34	Upgrade
Asset Writedown	-	-	-	-	-97	Upgrade
Other Unusual Items	-259	-240	-960	-147	3,852	Upgrade
Pretax Income	4,306	4,168	3,387	990	-2,557	Upgrade
Income Tax Expense	953	1,019	769	253	-593	Upgrade
Net Income	3,353	3,149	2,618	737	-1,964	Upgrade
Net Income to Common	3,353	3,149	2,618	737	-1,964	Upgrade
Net Income Growth	6.48%	20.28%	255.22%	-	-	Upgrade
Shares Outstanding (Basic)	329	329	328	326	322	Upgrade
Shares Outstanding (Diluted)	329	333	332	330	322	Upgrade
Shares Change (YoY)	-1.41%	0.39%	0.55%	2.55%	15.21%	Upgrade
EPS (Basic)	10.21	9.58	7.99	2.26	-6.10	Upgrade
EPS (Diluted)	10.20	9.45	7.89	2.23	-6.10	Upgrade
EPS Growth	7.94%	19.77%	253.81%	-	-	Upgrade
Free Cash Flow	2,557	3,830	-260	1,247	-40	Upgrade
Free Cash Flow Per Share	7.78	11.49	-0.78	3.78	-0.12	Upgrade
Gross Margin	33.76%	34.22%	33.51%	29.33%	13.25%	Upgrade
Operating Margin	8.42%	9.32%	9.85%	5.71%	-17.58%	Upgrade
Profit Margin	5.68%	5.52%	4.87%	1.64%	-7.97%	Upgrade
Free Cash Flow Margin	4.33%	6.71%	-0.48%	2.77%	-0.16%	Upgrade
EBITDA	7,911	8,090	7,794	4,857	-2,027	Upgrade
EBITDA Margin	13.39%	14.18%	14.51%	10.80%	-8.23%	Upgrade
D&A For EBITDA	2,939	2,773	2,503	2,290	2,303	Upgrade
EBIT	4,972	5,317	5,291	2,567	-4,330	Upgrade
EBIT Margin	8.42%	9.32%	9.85%	5.71%	-17.58%	Upgrade
Effective Tax Rate	22.13%	24.45%	22.70%	25.55%	-	Upgrade
Revenue as Reported	59,070	57,063	53,717	44,955	24,634	Upgrade
Advertising Expenses	-	235	221	165	99	Upgrade

Updated Jan 20, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q