Financial Statements · From SEC 10-K & 10-Q XBRL Filings
United Airlines Holdings Inc. Revenue & Financial Statements
United Airlines Holdings Inc. reported revenue of $59.1B for the fiscal year ended December 31, 2025, up 3.5% year over year, with net income of $3.4B and diluted EPS of $10.20.
- Company
- United Airlines Holdings Inc. UAL · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 24.6B | 45.0B | 53.7B | 57.1B | 59.1B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | (1.0B) | 2.3B | 4.2B | 5.1B | 4.7B |
| Pretax income | (2.6B) | 990.0M | 3.4B | 4.2B | 4.3B |
| Net income | (2.0B) | 737.0M | 2.6B | 3.1B | 3.4B |
| Diluted EPS | -6.10 | 2.23 | 7.89 | 9.45 | 10.20 |
| EBITDA | 1.5B | 4.8B | 6.9B | 8.0B | 7.7B |
Quarterly
| USD | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.0B | 14.8B | 14.7B | 13.2B | 15.2B | 15.2B | 15.4B | 14.6B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 1.9B | 1.6B | 1.5B | 607.0M | 1.3B | 1.4B | 1.4B | 997.0M |
| Pretax income | 1.7B | 1.3B | 1.3B | 478.0M | 1.2B | 1.3B | 1.3B | 870.0M |
| Net income | 1.3B | 965.0M | 985.0M | 387.0M | 973.0M | 949.0M | 1.0B | 699.0M |
| Diluted EPS | 3.96 | 2.90 | 2.96 | 1.16 | 2.97 | 2.90 | 3.18 | 2.14 |
| EBITDA | 2.6B | 2.3B | 2.3B | 1.3B | 2.1B | 2.1B | 2.1B | 1.8B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 68.2B | 67.4B | 71.1B | 74.1B | 76.4B |
| Current assets | 21.8B | 20.1B | 18.5B | 18.9B | 16.9B |
| Cash & equivalents | 18.3B | 7.2B | 6.1B | 8.8B | 5.9B |
| Total liabilities | — | — | — | — | — |
| Current liabilities | 18.3B | 20.0B | 22.2B | 23.3B | 26.1B |
| Long-term debt | 30.4B | 28.3B | 25.1B | 21.7B | 17.2B |
| Total debt | 33.4B | 31.2B | 29.1B | 24.7B | 21.3B |
| Stockholders’ equity | 5.0B | 6.9B | 9.3B | 12.7B | 15.3B |
| Net debt | 15.1B | 24.0B | 23.0B | 15.9B | 15.3B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 2.1B | 6.1B | 6.9B | 9.4B | 8.4B |
| Investing cash flow | (1.7B) | (13.8B) | (6.1B) | (2.7B) | (6.3B) |
| Financing cash flow | 6.4B | (3.3B) | (1.9B) | (4.2B) | (4.9B) |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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