United Airlines Holdings, Inc. (UAL)
NASDAQ: UAL · Real-Time Price · USD
109.31
-1.94 (-1.74%)
At close: Nov 13, 2026, 4:00 PM EST
107.20
-2.11 (-1.93%)
After-hours: Nov 13, 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 | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Revenue | 61,400 | 55,217 | 53,572 | 50,541 | 42,203 | 22,546 |
Other Revenue | 4,153 | 3,853 | 3,491 | 3,176 | 2,752 | 2,088 |
| 65,553 | 59,070 | 57,063 | 53,717 | 44,955 | 24,634 | |
Revenue Growth | 12.31% | 3.52% | 6.23% | 19.49% | 82.49% | 60.43% |
Cost of Revenue | 45,318 | 39,008 | 37,534 | 35,716 | 31,769 | 21,369 |
Gross Profit | 20,235 | 20,062 | 19,529 | 18,001 | 13,186 | 3,265 |
Selling, General & Admin | 2,620 | 2,359 | 2,466 | 2,198 | 1,700 | 776 |
Other Operating Expenses | 10,294 | 9,669 | 8,818 | 7,841 | 6,463 | 4,334 |
Operating Expenses | 15,957 | 14,967 | 14,212 | 12,710 | 10,619 | 7,595 |
Operating Income | 4,278 | 5,095 | 5,317 | 5,291 | 2,567 | -4,330 |
Interest Expense | -1,131 | -1,167 | -1,402 | -1,774 | -1,673 | -1,577 |
Interest & Investment Income | 578 | 611 | 726 | 827 | 298 | 36 |
Other Non Operating Income (Expenses) | 33 | 42 | -34 | -24 | -75 | 62 |
EBT Excluding Unusual Items | 3,758 | 4,581 | 4,607 | 4,320 | 1,117 | -5,809 |
Merger & Restructuring Charges | - | - | - | - | - | -469 |
Gain (Loss) on Sale of Investments | 25 | 4 | -199 | 27 | 20 | -34 |
Asset Writedown | - | - | - | - | - | -97 |
Other Unusual Items | 750 | -279 | -240 | -960 | -147 | 3,852 |
Pretax Income | 4,533 | 4,306 | 4,168 | 3,387 | 990 | -2,557 |
Income Tax Expense | 956 | 953 | 1,019 | 769 | 253 | -593 |
Net Income | 3,577 | 3,353 | 3,149 | 2,618 | 737 | -1,964 |
Net Income to Common | 3,577 | 3,353 | 3,149 | 2,618 | 737 | -1,964 |
Net Income Growth | 8.59% | 6.48% | 20.28% | 255.22% | - | - |
Shares Outstanding (Basic) | 324 | 325 | 329 | 328 | 326 | 322 |
Shares Outstanding (Diluted) | 327 | 329 | 333 | 332 | 330 | 322 |
Shares Change | -0.92% | -1.41% | 0.39% | 0.55% | 2.55% | 15.21% |
EPS (Basic) | 11.03 | 10.32 | 9.58 | 7.99 | 2.26 | -6.10 |
EPS (Diluted) | 10.92 | 10.20 | 9.45 | 7.89 | 2.23 | -6.10 |
EPS Growth | 9.39% | 7.94% | 19.77% | 253.81% | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 1,116 | 2,557 | 3,830 | -260 | 1,247 | -40 |
Free Cash Flow Per Share | 3.41 | 7.78 | 11.49 | -0.78 | 3.78 | -0.12 |
Gross Margin | 30.87% | 33.96% | 34.22% | 33.51% | 29.33% | 13.25% |
Operating Margin | 6.53% | 8.63% | 9.32% | 9.85% | 5.71% | -17.58% |
Profit Margin | 5.46% | 5.68% | 5.52% | 4.87% | 1.64% | -7.97% |
Free Cash Flow Margin | 1.70% | 4.33% | 6.71% | -0.48% | 2.77% | -0.16% |
EBITDA | 7,042 | 7,755 | 7,915 | 7,692 | 4,857 | -2,027 |
EBITDA Margin | 10.74% | 13.13% | 13.87% | 14.32% | 10.80% | -8.23% |
D&A For EBITDA | 2,764 | 2,660 | 2,598 | 2,401 | 2,290 | 2,303 |
EBIT | 4,278 | 5,095 | 5,317 | 5,291 | 2,567 | -4,330 |
EBIT Margin | 6.53% | 8.63% | 9.32% | 9.85% | 5.71% | -17.58% |
Effective Tax Rate | 21.09% | 22.13% | 24.45% | 22.70% | 25.55% | - |
Revenue as Reported | 65,553 | 59,070 | 57,063 | 53,717 | 44,955 | 24,634 |
Advertising Expenses | - | 250 | 235 | 221 | 165 | 99 |