UAL

United Airlines Holdings, Inc.

$126.00 -3.05 (-2.36%) At close · Jul 10

Market Cap

$40.90B

324,569,728

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$59.07B +3.5%

FY2025

Net Income

$3.35B +6.5%

FY2025

Operating Margin

7.98% -1pp

FY2025

Diluted EPS

$10.20 +7.9%

FY2025

Operating Cash Flow

$8.43B -10.7%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue	+9.5%	+30.9%	+4.5%	$60.47B	$59.07B	$57.06B	$53.72B	$44.96B	$24.63B	$15.36B	$43.26B	$41.3B	$37.74B	$36.56B	$37.86B	$38.9B	$38.28B	$37.15B	$37.11B	$23.23B
Amortization of Intangibles	-11.9%	-12.6%	-12.4%	—	$28M	$32M	$37M	$41M	$49M	$55M	$60M	$67M	$79M	$90M	$105M	$128M	$142M	$121M	—	—
Depreciation & Amortization	+6.2%	+3.4%	+4.9%	$2.97B	$2.94B	$2.93B	$2.67B	$2.46B	$2.49B	$2.49B	$2.29B	$2.24B	$2.15B	$1.98B	$1.82B	$1.68B	$1.69B	$1.52B	$1.55B	$1.08B
Restructuring Charges	—	—	—	—	—	—	—	—	—	—	—	$0	$74M	$74M	—	—	—	—	—	—
Total Costs & Expenses	+8.4%	+20.1%	+5.2%	$55.36B	$54.36B	$51.97B	$49.51B	$42.62B	$25.66B	$21.71B	$38.96B	$38.01B	$34.24B	$32.22B	$32.7B	$36.53B	$37.03B	$37.11B	$35.29B	$22.25B
Operating Income	+26.3%	—	-0.9%	$5.1B	$4.71B	$5.1B	$4.21B	$2.34B	-$1.02B	-$6.36B	$4.3B	$3.29B	$3.5B	$4.34B	$5.17B	$2.37B	$1.25B	$39M	$1.82B	$976M
Operating Margin	—	—	—	—	7.98%	8.93%	7.84%	5.2%	-4.15%	-41.41%	9.94%	7.97%	9.27%	11.87%	13.64%	6.1%	3.26%	0.1%	4.91%	4.2%
EBITDA	+16.9%	—	+0.9%	$8.07B	$7.65B	$8.02B	$6.88B	$4.79B	$1.46B	-$3.87B	$6.59B	$5.53B	$5.65B	$6.32B	$6.99B	$4.05B	$2.94B	$1.56B	$3.37B	$2.06B
Interest Expense	—	—	+7.5%	$1.34B	$1.37B	$1.63B	—	—	—	—	$670M	$729M	$643M	$614M	$669M	$735M	$783M	$835M	$949M	$798M
Interest Income	+27.0%	+65.0%	+37.7%	$582M	$611M	$726M	$827M	$298M	$36M	$50M	$133M	$101M	$57M	$42M	$25M	$22M	$21M	$23M	$20M	$15M
Other Non-Operating Income	—	—	—	-$406M	-$408M	-$928M	-$824M	-$1.35B	-$1.54B	-$2.46B	-$387M	-$634M	-$499M	-$519M	-$947M	-$1.25B	-$710M	-$763M	-$977M	-$726M
Equity in Earnings of Unconsolidated Entities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$3M
Pretax Income	+63.2%	—	+0.2%	$4.7B	$4.31B	$4.17B	$3.39B	$990M	-$2.56B	-$8.82B	$3.91B	$2.66B	$3B	$3.82B	$4.22B	$1.13B	$539M	-$724M	$845M	$250M
Income Tax	+55.6%	—	—	$1.03B	$953M	$1.02B	$769M	$253M	-$593M	-$1.75B	$905M	$529M	$868M	$1.56B	-$3.12B	-$4M	-$32M	-$1M	$5M	-$17M
Net Income	+65.7%	—	-7.5%	$3.67B	$3.35B	$3.15B	$2.62B	$737M	-$1.96B	-$7.07B	$3.01B	$2.13B	$2.13B	$2.26B	$7.34B	$1.13B	$571M	-$723M	$840M	$253M
Net Margin	—	—	—	—	5.68%	5.52%	4.87%	1.64%	-7.97%	-46.04%	6.96%	5.15%	5.65%	6.19%	19.39%	2.91%	1.49%	-1.95%	2.26%	1.09%
Net Income Available to Common Stockholders	+65.7%	—	-7.5%	$3.67B	$3.35B	$3.15B	$2.62B	$737M	-$1.96B	-$7.07B	$3.01B	$2.13B	$2.13B	$2.26B	$7.34B	$1.13B	$569M	-$723M	$837M	—
Comprehensive Income	+20.1%	—	-8.2%	$3.52B	$3.21B	$3.4B	$2.38B	$1.85B	-$1.77B	-$7.49B	$3.09B	$2.47B	$1.93B	$2.27B	$7.59B	-$555M	$2.23B	-$1.35B	$36M	$605M
EPS (Basic) USD/shares	+65.9%	—	-6.2%	—	$10.32	$9.58	$7.98	$2.26	-$6.10	-$25.30	$11.63	$7.73	$7.04	$6.86	$19.52	$3.05	$1.64	-$2.18	$2.54	$1.22
EPS (Diluted) USD/shares	+66.0%	—	-6.3%	—	$10.20	$9.45	$7.89	$2.23	-$6.10	-$25.30	$11.58	$7.70	$7.02	$6.85	$19.47	$2.93	$1.53	-$2.18	$2.26	$1.08
Shares Outstanding (Basic Avg) shares	-0.2%	+3.1%	-1.5%	—	324.9M	328.6M	327.8M	326.4M	321.9M	279.4M	258.8M	275.5M	302.7M	329.9M	376M	371M	348M	331M	329M	—
Shares Outstanding (Diluted Avg) shares	-0.2%	+3.3%	-1.4%	—	328.5M	333.2M	331.9M	330.1M	321.9M	279.4M	259.9M	276.7M	303.6M	330.3M	377M	390M	390M	331M	383M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $10.05B in buybacks.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Airlines median 0.96×

EV/EBIT

—

Airlines median 12.68×

P/E (TTM)

11.27×

Airlines median 18.34×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Product & Service (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Passenger	$53,438,000,000	$51,829,000,000	$49,046,000,000	$40,032,000,000	$20,197,000,000	$11,805,000,000	$39,625,000,000	$37,706,000,000
Passenger Ancillary Fees	$4,800,000,000	$4,500,000,000	$4,100,000,000	$3,400,000,000	$2,200,000,000	$1,300,000,000	$3,600,000,000	$2,200,000,000
Product And Service Other	$3,853,000,000	$3,491,000,000	$3,176,000,000	$2,752,000,000	$2,088,000,000	$1,902,000,000	$2,455,000,000	$2,360,000,000
Cargo And Freight	$1,779,000,000	$1,743,000,000	$1,495,000,000	$2,171,000,000	$2,349,000,000	$1,648,000,000	$1,179,000,000	$1,237,000,000

Key facts CIK 100517 CUSIP 910047109 13F (30d) 81 filings 53 filers Visit website Investor relations