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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,610 | 4,799 | 1,286 | 1,218 | 2,217 | 3,710 | 2,224 | 1,498 | 2,875 | 2,848 | -910 | 880 |
| Depreciation and amortization | 762 | 756 | 469 | 730 | 734 | 727 | 429 | 742 | 719 | 708 | 516 | 663 |
| Capital expenditure | -1,343 | -1,672 | -1,890 | -1,464 | -1,287 | -1,233 | -1,675 | -1,410 | -1,164 | -1,366 | -2,066 | -1,842 |
| Investing cash flow | -1,460 | -1,894 | -1,565 | -1,743 | -1,580 | -1,462 | -1,715 | -2,511 | 134 | 1,441 | -743 | -1,936 |
| Financing cash flow | 2,148 | -976 | -509 | -2,136 | -843 | -1,457 | -591 | -1,073 | -580 | -1,938 | -123 | -715 |
| Share repurchases | 0.0 | -27.0 | -27.0 | -21.0 | -240 | -349 | -80.0 | -82.0 | — | — | — | — |
| Debt issued | 3,596 | 2,233 | 93.0 | 485 | — | — | 837 | 1,584 | 607 | 3,111 | 703 | 94.0 |
| Debt repaid | -1,445 | -3,092 | -575 | -2,585 | -597 | -1,014 | -1,346 | -2,575 | -1,186 | -5,031 | -825 | -809 |
| Net change in cash | 2,297 | 1,930 | -790 | -2,660 | -206 | 791 | -82.0 | -2,086 | 2,429 | 2,351 | -1,776 | -1,771 |
| Free cash flow | 267 | 3,127 | -604 | -246 | 930 | 2,477 | 549 | 88.0 | 1,711 | 1,482 | -2,976 | -962 |
| Levered free cash flow | 46.8 | 2,406 | -1,037 | -508 | 786 | 1,858 | -28.4 | -464 | 823 | 1,267 | -2,845 | -1,960 |