United Airlines Holdings, Inc. (UAL) income statement
NASDAQ · Industrials · Airlines, Airports & Air Services · 117,900 employees · CEO J. Scott Kirby
- Price
- $104.24 -0.92%
- Market cap
- $33.9B
- Enterprise value
- $61.5B
- Last report
- Q3 '26 filed 2026-10-21
- Next report
- 2027-01-19 EPS est. $1.32
United Airlines Holdings, Inc. (UAL) reported revenue of $17.9B for Q3 '26 (+17.4% year on year), operating income of $1.45B (8.1% of revenue) and net income of $1.03B. Over the last four quarters revenue was $65.6B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.6B | $12.5B | $15B | $14.8B | $14.7B | $13.2B | $15.2B | $15.2B | $15.4B | $14.6B | $17.7B | $17.9B | |
| Cost of revenue | $9.94B | $9.8B | $10.2B | $10.4B | $10.2B | $4.94B | $5.35B | $5.39B | $5.52B | $5.37B | $5.7B | $5.88B | |
| Gross profit | $3.69B | $2.74B | $4.8B | $4.44B | $4.51B | $8.28B | $9.89B | $9.84B | $9.88B | $9.24B | $12B | $12B | |
| Sales & marketing | $571M | $480M | $626M | $574M | $551M | $496M | $487M | $555M | $571M | $0 | $644M | $632M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.88B | $0 | $0 | |
| Other operating expenses | $2.12B | $2.16B | $2.25B | $2.3B | $2.46B | $7.17B | $8.08B | $7.89B | $7.92B | $367M | $10.2B | $9.91B | |
| Operating expenses | $2.69B | $2.64B | $2.87B | $2.87B | $3.01B | $7.67B | $8.57B | $8.44B | $8.49B | $8.25B | $10.9B | $10.5B | |
| Operating income | $997M | $99M | $1.93B | $1.57B | $1.5B | $607M | $1.33B | $1.4B | $1.39B | $997M | $1.1B | $1.45B | |
| Interest income | $207M | $177M | $190M | $187M | $172M | $164M | $167M | $142M | $137M | $135M | $148M | $157M | |
| Interest expense | $430M | $393M | $367M | $326M | $316M | $308M | $310M | $278M | $324M | $327M | $343M | $359M | |
| Other non-operating income (gains on investments, FX ...) | -$202M | -$130M | -$177M | -$47M | -$120M | $485M | -$233M | -$138M | -$263M | -$200M | $118M | -$224M | |
| Total non-operating income | -$227M | -$263M | -$190M | -$279M | -$196M | -$129M | -$77M | -$140M | -$61M | -$127M | -$70M | -$135M | |
| Income before tax | $771M | -$164M | $1.74B | $1.29B | $1.31B | $478M | $1.25B | $1.26B | $1.33B | $870M | $1.03B | $1.31B | |
| Income tax | $172M | -$40M | $416M | $321M | $322M | $91M | $275M | $306M | $281M | $172M | $221M | $282M | |
| Net income | $599M | -$124M | $1.32B | $965M | $984M | $387M | $973M | $949M | $1.04B | $699M | $805M | $1.03B | |
| EPS (basic) | $1.83 | -$0.38 | $4.02 | $2.93 | $3.00 | $1.18 | $3.00 | $2.93 | $3.19 | $2.14 | $2.46 | $3.14 | |
| EPS (diluted) | $1.81 | -$0.38 | $3.96 | $2.90 | $2.94 | $1.16 | $2.97 | $2.90 | $3.19 | $2.14 | $2.46 | $3.14 | |
| Shares (basic, weighted) | 328M | 328M | 329M | 329M | 328M | 333M | 327M | 327M | 327M | 327M | 327M | 327M | |
| Shares (diluted, weighted) | 331M | 328M | 334M | 333M | 335M | 333M | 327M | 327M | 327M | 327M | 327M | 327M | |
| Depreciation & amortization | $684M | $708M | $719M | $742M | $750M | $727M | $733M | $730M | $748M | $756M | $762M | $777M | |
| EBITDA | $1.89B | $937M | $2.83B | $2.35B | $2.37B | $849M | $2.29B | $2.26B | $2.4B | $1.95B | $1.74B | $2.45B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.6B | $37.8B | $41.3B | $43.3B | $15.4B | $24.6B | $45B | $53.7B | $57.1B | $59.1B | |
| Cost of revenue | $24.9B | $27B | $30.2B | $30.8B | $20.4B | $23.9B | $34.3B | $38.5B | $37.6B | $21.2B | |
| Gross profit | $11.7B | $10.8B | $11.1B | $12.5B | -$5.03B | $721M | $10.6B | $15.2B | $19.4B | $37.9B | |
| Sales & marketing | $1.3B | $1.35B | $1.56B | $1.65B | $459M | $677M | $1.54B | $1.98B | $2.23B | $2.11B | |
| Other operating expenses | $6.06B | $5.81B | $6.29B | $6.52B | $870M | $1.07B | $6.77B | $9.01B | $12.1B | $31.1B | |
| Operating expenses | $7.46B | $7.16B | $7.85B | $8.17B | $1.33B | $1.74B | $8.3B | $11B | $14.3B | $33.2B | |
| Operating income | $4.34B | $3.62B | $3.23B | $4.3B | -$6.36B | -$1.02B | $2.34B | $4.21B | $5.1B | $4.71B | |
| Interest income | $42M | $57M | $101M | $133M | $50M | $36M | $298M | $827M | $726M | $610M | |
| Interest expense | $602M | $552M | $605M | $646M | $992M | $1.58B | $1.67B | $1.77B | $1.4B | $1.22B | |
| Other non-operating income (gains on investments, FX ...) | -$31M | $43M | -$24M | -$259M | $1.47B | -$42M | -$326M | -$950M | -$474M | $114M | |
| Total non-operating income | -$525M | -$595M | -$581M | -$387M | -$2.46B | -$1.54B | -$1.35B | -$824M | -$928M | -$407M | |
| Income before tax | $3.82B | $3.02B | $2.65B | $3.91B | -$8.82B | -$2.56B | $990M | $3.39B | $4.17B | $4.31B | |
| Income tax | $1.56B | $880M | $526M | $905M | -$1.75B | -$593M | $253M | $769M | $1.02B | $953M | |
| Net income | $2.26B | $2.14B | $2.12B | $3.01B | -$7.07B | -$1.96B | $737M | $2.62B | $3.15B | $3.35B | |
| EPS (basic) | $7.19 | $7.43 | $7.89 | $11.63 | -$25.30 | -$6.10 | $2.26 | $7.99 | $9.58 | $10.21 | |
| EPS (diluted) | $6.85 | $7.02 | $7.70 | $11.58 | -$25.30 | -$6.10 | $2.23 | $7.89 | $9.45 | $10.22 | |
| Shares (basic, weighted) | 330M | 304M | 277M | 251M | 279M | 322M | 330M | 332M | 333M | 327M | |
| Shares (diluted, weighted) | 330M | 304M | 277M | 260M | 279M | 322M | 330M | 332M | 333M | 327M | |
| Depreciation & amortization | $1.98B | $2.15B | $2.17B | $2.29B | $2.49B | $2.49B | $2.46B | $2.67B | $2.93B | $2.94B | |
| EBITDA | $6.34B | $5.78B | $5.42B | $6.85B | -$5.34B | $1.51B | $5.12B | $7.83B | $8.5B | $7.54B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02