United Airlines Holdings revenue and financials

UAL · NASDAQ · USD

$111.87+1.70%+$1.87

Close · October 6, 2026

In the fiscal year ended December 2025, United Airlines Holdings reported revenue of $59.07B (+3.52% year over year). Net income was $3.35B, a net margin of 5.7%.

Annual revenue · 2025: $59.07B

$36.56B2016
$37.74B2017
$41.3B2018
$43.26B2019
$15.36B2020
$24.63B2021
$44.96B2022
$53.72B2023
$57.06B2024
$59.07B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +3.52%; 2025 vs 2024
Net income growth: +6.48%; 2025 vs 2024
Net margin: 5.7%; 2024: 5.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	76,448	74,083	71,104	67,358	68,175	59,548	52,611	44,792	42,326	40,140
Current assets	16,857	18,883	18,487	20,058	21,834	14,800	8,194	7,194	7,113	7,309
Cash and equivalents	5,942	8,769	6,058	7,166	18,283	11,269	2,762	1,694	1,482	2,179
Short-term investments	6,298	5,706	8,330	9,248	123	—	—	—	—	—
Receivables	2,391	2,163	1,898	1,801	1,663	—	—	—	—	—
Inventory	1,556	1,572	1,561	1,109	983	—	—	—	—	—
Net property, plant and equipment	47,573	43,296	40,179	35,517	34,504	—	—	—	—	—
Goodwill	4,527	4,527	4,527	4,527	4,527	4,527	4,523	4,523	4,523	4,523
Other intangible assets	2,655	2,683	2,725	2,762	2,803	—	—	—	—	—
Long-term investments	1,191	1,101	1,636	1,373	1,420	—	—	—	—	—
Current liabilities	26,133	23,314	22,203	19,992	18,304	12,725	14,938	13,212	12,676	12,286
Accounts payable	4,567	4,193	3,835	3,395	2,562	—	—	—	—	—
Long-term debt	17,170	21,680	25,057	28,283	30,361	24,836	13,145	12,215	11,703	9,918
Total debt	31,036	33,633	36,739	36,433	—	—	—	—	—	—
Total liabilities	61,166	61,408	61,780	60,462	63,146	—	—	—	—	—
Total equity (incl. minority)	15,282	12,675	9,324	6,896	5,029	—	—	—	—	—
Retained earnings	10,092	6,880	3,831	1,265	625	—	—	—	—	—