United Airlines Holdings, Inc. financials

Key figures from United Airlines Holdings, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$17.7B$15.2B+16.0%
Net income$805M$973M-17.3%
Free cash flow$267M$930M-71.3%
Gross margin
Operating margin6.2%8.7%-2.5 pts
Net margin4.6%6.4%-1.8 pts

Quarterly trend

Revenue by quarter
$14.5BSep 2023$13.6BDec 2023*$12.5BMar 2024$15.0BJun 2024$14.8BSep 2024$14.7BDec 2024*$13.2BMar 2025$15.2BJun 2025$15.2BSep 2025$15.4BDec 2025*$14.6BMar 2026$17.7BJun 2026
Net income by quarter
$1.1BSep 2023$600MDec 2023*-$124MMar 2024$1.3BJun 2024$965MSep 2024$985MDec 2024*$387MMar 2025$973MJun 2025$949MSep 2025$1.0BDec 2025*$699MMar 2026$805MJun 2026
Free cash flow by quarter
-$962MSep 2023-$3.0BDec 2023*$1.5BMar 2024$1.7BJun 2024$88MSep 2024$549MDec 2024*$2.5BMar 2025$930MJun 2025-$246MSep 2025-$604MDec 2025*$3.1BMar 2026$267MJun 2026
Margins by quarter
-3%6%15%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202612.0%7.3%0.8%12.9%10.5%10.2%4.6%8.7%9.2%9.0%6.8%6.2%7.9%4.4%-1.0%8.8%6.5%6.7%2.9%6.4%6.2%6.8%4.8%4.6%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$59.1B$3.4B5.7%$2.6B$10.20
FY Dec 2024$57.1B$3.1B5.5%$3.8B$9.45
FY Dec 2023$53.7B$2.6B4.9%-$260M$7.89
FY Dec 2022$45.0B$737M1.6%$1.2B$2.23
FY Dec 2021$24.6B-$2.0B-8.0%-$40M-$6.10

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.