United Airlines Holdings financials
$112.65+1.02%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.07B | $57.06B | $53.72B | $44.95B | $24.63B | $15.36B | $43.26B | $41.30B | $37.78B | $36.56B |
| Gross profit | $59.07B | $57.06B | $53.72B | $44.95B | $24.63B | $15.36B | $43.26B | $41.30B | $37.78B | $36.56B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $4.71B | $5.10B | $4.21B | $2.34B | -$1.02B | -$6.36B | $4.30B | $3.23B | $3.62B | $4.34B |
| Net income | $3.35B | $3.15B | $2.62B | $737.0M | -$1.96B | -$7.07B | $3.01B | $2.12B | $2.14B | $2.23B |
| Net margin | 5.7% | 5.5% | 4.9% | 1.6% | −8.0% | −46.0% | 7.0% | 5.1% | 5.7% | 6.1% |
| Diluted EPS | $10.20 | $9.45 | $7.89 | $2.23 | $-6.10 | $-25.30 | $11.58 | $7.67 | $7.06 | $6.76 |
| EBITDA | $7.91B | $8.14B | $7.83B | $4.93B | -$1.90B | -$6.49B | $6.83B | $5.88B | $5.89B | $7.07B |
| Operating cash flow | $8.43B | $9.45B | $6.91B | $6.07B | $2.07B | -$4.13B | $6.91B | $6.16B | $3.47B | $5.54B |
| Free cash flow | $2.56B | $3.83B | -$260.0M | $1.25B | -$40.0M | -$5.86B | $2.38B | $2.09B | -$396.0M | $2.32B |
| Diluted shares | 328.5M | 333.2M | 331.9M | 330.1M | 321.9M | 279.4M | 259.9M | 276.7M | 303.6M | 330.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.94B | $8.77B | $6.06B | $7.17B | $18.28B | $11.27B |
| Short-term investments | $6.30B | $5.71B | $8.33B | $9.25B | $123.0M | $414.0M |
| Total debt | $24.99B | $28.66B | $31.66B | $31.44B | $34.49B | $27.17B |
| Total assets | $76.45B | $74.08B | $71.10B | $67.36B | $68.17B | $59.55B |
| Total liabilities | $61.17B | $61.41B | $61.78B | $60.46B | $63.15B | $53.59B |
| Shareholders' equity | $15.28B | $12.68B | $9.32B | $6.90B | $5.03B | $5.96B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology