United Airlines Holdings, Inc. (UAL)

UAL Financials

UAL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	60.466B	14.608B	15.397B	15.225B	15.236B	13.212B	14.695B	14.843B	14.986B
Cost of Goods Sold	21.620B	5.365B	5.522B	5.388B	5.345B	4.937B	10.183B	10.405B	10.184B
Gross Profit	38.846B	9.243B	9.875B	9.837B	9.891B	8.275B	4.512B	4.438B	4.802B
Gross Profit Margin	63.3%	63.3%	64.1%	64.6%	64.9%	62.6%	30.7%	29.9%	32.0%
Total Operating Expenses	33.743B	8.246B	8.489B	8.442B	8.566B	7.668B	3.010B	2.873B	2.873B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	9.492B	7.879B	571.000M	555.000M	487.000M	496.000M	551.000M	574.000M	626.000M
Operating Income (EBIT)	5.103B	997.000M	1.386B	1.395B	1.325B	607.000M	1.502B	1.565B	1.929B
Operating Margin	6.8%	6.8%	9.0%	9.2%	8.7%	4.6%	10.2%	10.5%	12.9%
Income Before Tax (EBT)	4.698B	870.000M	1.325B	1.255B	1.248B	478.000M	1.306B	1.286B	1.739B
Interest Income	581.000M	135.000M	137.000M	142.000M	167.000M	164.000M	172.000M	187.000M	190.000M
Interest Expense	1.185B	273.000M	324.000M	278.000M	310.000M	308.000M	316.000M	326.000M	367.000M
Other Income/Expense	-405.000M	-127.000M	-61.000M	-140.000M	-77.000M	-129.000M	-196.000M	-279.000M	-190.000M
Net Income	3.665B	699.000M	1.044B	949.000M	973.000M	387.000M	984.000M	965.000M	1.323B
Income Tax Expense	1.034B	172.000M	281.000M	306.000M	275.000M	91.000M	322.000M	321.000M	416.000M
Net Profit Margin	4.8%	4.8%	6.8%	6.2%	6.4%	2.9%	6.7%	6.5%	8.8%
EBITDA	8.693B	1.742B	2.397B	2.263B	2.291B	849.000M	1.622B	2.354B	2.825B
EBITDA Margin	11.9%	11.9%	15.6%	14.9%	15.0%	6.4%	11.0%	15.9%	18.9%
Depreciation & Amortization	2.967B	756.000M	748.000M	730.000M	733.000M	727.000M	0.00	742.000M	719.000M
EPS Basic	11.26	2.14	3.19	2.93	3.00	1.18	3.00	2.93	4.02
EPS Diluted	11.20	2.14	3.19	2.90	2.97	1.16	2.94	2.90	3.96
Shares Outstanding	326.800M	326.800M	327.000M	326.900M	327.200M	333.000M	327.900M	329.000M	328.800M
Diluted Shares Outstanding	326.800M	326.800M	327.000M	326.900M	327.200M	333.000M	334.500M	332.700M	333.900M

UAL Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	59.070B	57.063B	53.717B	44.955B	24.634B	15.355B	43.259B	41.303B
Cost of Goods Sold	21.192B	37.643B	38.518B	34.315B	23.913B	20.385B	30.786B	30.228B
Gross Profit	37.878B	19.420B	15.199B	10.640B	721.000M	-5.030B	12.473B	11.075B
Gross Profit Margin	64.1%	34.0%	28.3%	23.7%	2.9%	-32.8%	28.8%	26.8%
Total Operating Expenses	33.165B	14.324B	10.988B	8.303B	1.743B	1.329B	8.172B	7.846B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.109B	2.231B	1.977B	1.535B	677.000M	459.000M	1.651B	1.558B
Operating Income (EBIT)	4.713B	5.096B	4.211B	2.337B	-1.022B	-6.359B	4.301B	3.229B
Operating Margin	8.0%	8.9%	7.8%	5.2%	-4.1%	-41.4%	9.9%	7.8%
Income Before Tax (EBT)	4.306B	4.168B	3.387B	990.000M	-2.557B	-8.822B	3.914B	2.648B
Interest Income	610.000M	726.000M	827.000M	298.000M	36.000M	50.000M	133.000M	101.000M
Interest Expense	1.220B	1.402B	1.774B	1.673B	1.577B	992.000M	646.000M	605.000M
Other Income/Expense	-407.000M	-928.000M	-824.000M	-1.347B	-1.535B	-2.463B	-387.000M	-581.000M
Net Income	3.353B	3.149B	2.618B	737.000M	-1.964B	-7.069B	3.009B	2.122B
Income Tax Expense	953.000M	1.019B	769.000M	253.000M	-593.000M	-1.753B	905.000M	526.000M
Net Profit Margin	5.7%	5.5%	4.9%	1.6%	-8.0%	-46.0%	7.0%	5.1%
EBITDA	7.537B	8.498B	7.832B	5.119B	1.505B	-5.342B	6.848B	5.418B
EBITDA Margin	12.8%	14.9%	14.6%	11.4%	6.1%	-34.8%	15.8%	13.1%
Depreciation & Amortization	2.938B	2.928B	2.671B	2.456B	2.485B	2.488B	2.288B	2.165B
EPS Basic	10.21	9.58	7.99	2.26	-6.10	-25.30	11.63	7.89
EPS Diluted	10.22	9.45	7.89	2.23	-6.10	-25.30	11.58	7.70
Shares Outstanding	327.000M	333.200M	331.812M	330.100M	321.900M	311.845M	251.216M	276.662M
Diluted Shares Outstanding	327.000M	333.200M	331.900M	330.100M	321.900M	279.400M	259.900M	276.700M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About United Airlines Holdings, Inc.

United Airlines Holdings, Inc., through its various subsidiaries, delivers air travel solutions on a global scale. Its vast network extends across North America, Europe, Asia, Africa, the Pacific, the Middle East, and Latin America, facilitating the movement of both passengers and freight. The company operates these services using a combination of its primary and regional aircraft fleets. Beyond its core transportation offerings, United also provides specialized support to external clients, encompassing catering, ground handling, aviation training, and aircraft maintenance. Established in 1968, the enterprise has its principal offices in Chicago, Illinois. Notably, it adopted its current name, United Airlines Holdings, Inc., in June 2019, having previously operated as United Continental Holdings, Inc.

Chicago, IL

109,200 employees

www.united.com

Industrials / Airlines, Airports & Air Services

Sector: Industrials
Industry: Airlines, Airports & Air Services
CEO: J. Scott Kirby

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