United Airlines Holdings revenue and financials
$111.87Change from previous close: +1.70%Absolute change: +$1.87
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 8,431 | 9,445 | 6,911 | 6,066 | 2,067 | -4,133 | 6,909 | 6,164 | 3,474 | 5,542 |
| Depreciation and amortization | 2,939 | 2,928 | 2,671 | 2,456 | 2,485 | 2,488 | 2,288 | 2,165 | 2,096 | 1,977 |
| Capital expenditure | -5,874 | -5,615 | -7,171 | -4,819 | -2,107 | -1,727 | -4,528 | -4,070 | -3,870 | -3,223 |
| Investing cash flow | -6,350 | -2,651 | -6,106 | -13,829 | -1,672 | — | — | — | — | — |
| Financing cash flow | -4,945 | -4,182 | -1,892 | -3,349 | 6,396 | — | — | — | — | — |
| Share repurchases | -637 | -162 | 0.0 | 0.0 | 0.0 | -353 | -1,645 | -1,235 | -1,844 | -2,614 |
| Debt issued | 578 | 6,139 | 2,388 | 736 | — | — | — | — | — | — |
| Debt repaid | -4,771 | -10,138 | -4,248 | -4,011 | — | — | — | — | — | — |
| Net change in cash | -2,865 | 2,612 | -1,087 | -11,112 | 6,791 | — | — | — | — | — |
| Free cash flow | 2,557 | 3,830 | -260 | 1,247 | -40.0 | — | — | — | — | — |
| Levered free cash flow | 1,099 | 1,598 | -1,653 | 782 | 618 | — | — | — | — | — |