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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	84,569	80,941	76,448	76,313	77,163	76,111	74,083	72,640	73,254	71,902	71,104	73,153
Current assets	21,664	19,392	16,857	18,094	20,258	20,148	18,883	18,571	20,003	18,696	18,487	21,912
Cash and equivalents	10,166	7,869	5,942	6,730	9,354	9,370	8,769	8,812	10,864	8,401	6,058	7,478
Short-term investments	6,471	6,298	6,298	6,599	6,262	5,960	5,706	5,352	4,384	5,591	8,330	9,608
Receivables	2,473	2,660	2,391	2,433	2,286	2,288	2,163	2,042	2,376	2,259	1,898	2,193
Inventory	1,795	1,718	1,556	1,588	1,547	1,601	1,572	1,639	1,680	1,675	1,561	1,513
Net property, plant and equipment	54,119	52,811	47,573	49,789	48,413	47,522	43,296	42,048	41,011	40,807	40,179	38,956
Goodwill	4,527	4,527	4,527	4,527	4,527	4,527	4,527	4,527	4,527	4,527	4,527	4,527
Other intangible assets	2,645	2,650	2,655	2,662	2,669	2,676	2,683	2,691	2,699	2,717	2,725	2,735
Long-term investments	1,472	1,419	1,191	1,101	1,127	1,072	1,101	1,209	1,337	1,353	1,636	1,404
Current liabilities	27,764	27,781	26,133	27,119	28,992	25,798	23,314	23,365	25,855	24,764	22,203	24,756
Accounts payable	5,772	5,377	4,567	4,636	4,920	4,694	4,193	4,008	4,478	4,344	3,835	4,206
Long-term debt	24,294	21,940	20,184	20,807	20,885	24,398	25,203	24,912	24,263	23,059	27,413	27,580
Total debt	33,668	30,971	31,036	31,322	32,786	—	—	—	—	—	—	—
Total liabilities	67,872	65,065	61,166	62,004	63,790	63,495	61,408	61,203	62,728	62,714	61,780	64,300
Total equity (incl. minority)	16,697	15,876	15,282	14,309	13,373	12,616	12,675	11,437	10,526	9,188	9,324	8,853
Retained earnings	11,535	10,730	10,092	9,049	8,110	7,137	6,880	5,896	4,986	3,664	3,831	3,232